Scope of the Study
A spiral heat exchanger is defined as the device which is mainly used to transfer heat between two or more fluids. It is more compact as compared to other types of heat exchangers. It has mainly two concentric spiral channels namely cold fluid and hot fluid. Numerous advantages of a spiral heat exchanger are relatively low-pressure drop, compact size for a given heat exchange area, high overall heat transfer coefficient, among others. A rise in demand for heat exchangers due to the power requirement for commercial and non-commercial purposes are some of the major factors which affect the growth of the market in the future.
The market study is being classified by Type (Aluminum and Stainless Steel), by Application (Energy & Power, Commercial & Industrial, Food & Beverages and Others) and major geographies with country level break-up.
Alstom SA (France), Areva SA (France), Bharat Heavy Electrical Limited (India), Dongfang Electric Corporation (China), Larsen and Toubro Ltd (India), Mitsubishi Heavy Industries Ltd (Japan), SPX Corporation (United States), BHI Company Limited (South Korea), Shanghai Electric Group Company (China) and Zio-Podolsk (Russia) are some of the key players profiled in the study.
The spiral heat exchangers market is highly fragmented in nature with a large number of international as well as regional players operating in the market Research Analyst at AMA predicts that France Manufacturers will contribute to the maximum growth of Global Spiral Heat Exchanger market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Spiral Heat Exchanger market by Type, Application and Region.
On the basis of geography, the market of Spiral Heat Exchanger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Spiral Heat Exchanger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Industrial Expansions in the Developing Markets of APAC and Stringent Environmental Regulations
- Increase in HVACR Deployments and Growth in Industrial Activities
- Technological Advancements in the Spiral Heat Exchangers Market For instance, in 2017, Kelvion Holding GmbH Company has developed AirToAir heat exchangers for the heat recovery as well as efficient use of energy.
- Slow Growth of the Market in North America, Europe, and others
- Lack of Awareness about Energy Efficiency in Buildings
- Growing Demand for Nuclear Power Generation and Large Aftermarket for Heat Exchangers
- Mounting Demand from Emerging Economics such as China, India, among others
- Problems regarding Fluorinated Greenhouse Gas Regulations
Market Leaders and their expansionary development strategies
In July 2018, the Godrej & Boyce Company has acquired two brands of heat exchangers, namely Yuba and Ecolaire, from SPX Corporation in order to become the leader in the heat exchangers business. Therefore, this acquisition will help in strengthening the position of the company in the future.
Key Target AudienceManufacturers of Heat Exchangers, Traders, Distributors, and Suppliers of Heat Exchangers, Regional Manufacturer Associations and General Heat Exchanger Associations Government & Regional Agencies and Research Organizations and Investment Research Firms
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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