Heat Exchangers Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

CITY, Country, 2019-Jul-23 — /EPR Network/ —The global heat exchangers market was valued at $14,108.8 million in 2014, and it is expected to grow with a CAGR of 6.5% during 2015 – 2020. The factors driving the growth of the global market include advancement in technology and growing HVAC, petrochemical, food processing, and chemical industries. Chemical industry is the fastest growing end-user industry for heat exchangers, due to huge investment from Asia-Pacific. During the forecast period, large number of plants would come into operation that is anticipated to reap advantage of cheap natural gas for the production of ethane, a prevalent feedstock for petrochemical industry. Moreover, the demand for heat exchangers from the growing HVAC industry is increasing across the global market, due to improving infrastructure and standard of living. The oil & gas industry is driving the growth of the global heat exchangers market, due to the increasing number of gas processing facilities, LNG facilities, tankers, and other related infrastructure.

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GLOBAL HEAT EXCHANGERS MARKET SEGMENTATION

By Type

• Shell & Tube

• Plate & Frame

• Air Cooled

• Printed Circuit

• Others

By End-User

• Chemical

• Petrochemical and O&G

• HVAC & Refrigeration

• Food & Beverages

• Power

• Others

By Construction Material

• Steel

• Non-Steel

GEOGRAPHICAL SEGMENTATION

By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

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The information and data in the report, represents the research and analysis of data from various primary and secondary sources. A bottom-up approach has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

In 2014, Asia-Pacific was the fastest growing market in the global heat exchangers market. Asia-Pacific is considered as a developing economy, due to increasing industrialization in the region. With the clustering of several industries in the region, the demand for heat exchangers is increasing. Moreover, the developing infrastructure in the region has increased the demand of heat exchangers from HVAC industry. These factors are expected to boost the growth of the heat exchangers market in Asia-Pacific.

Some of the key companies operating in the global heat exchangers market include Alfa Laval AB, Kelvion Holding GmbH, Danfoss A/S, SPX Corporation, Xylem Inc., API Heat Transfer Inc., Guntner GmbH & Co. KG, Hisaka Works Ltd., HRS Hevac Ltd., Modine Manufacturing Company, Sierra S.p.a., Sondex Holdings A/S, SWEP International AB.

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