Global Heat Exchangers Market Overview:
Heat exchangers are the system that transfers heat from one medium to another a Hydraulic Oil Cooler, for instance, will remove heat from hot oil by using cold water or air. Alternatively, a swimming pool heat exchanger uses hot water from a boiler or solar-heated water circuit to heat the pool water. Heat is transferred by conduction through the exchanger materials which separate the mediums being used. A shell and tube heat exchanger passes fluids through and over tubes, whereas an air-cooled heat exchanger passes cool air through a core of fins to cool a liquid. Some of the key players profiled in the study are Kelvion Holding GmbH (Germany), Alfa Laval AB (Sweden), Danfoss Group (Denmark), Geurts International B.V. (Netherlands), Heatex (Sweden), SPX Corporation (United States), Xylem Inc. (United States), API Heat Transfer Inc. (United States), Güntner GmbH & Co. KG (Germany) and Hindustan Dorr-Oliver Ltd (India).
On the basis of geography, the market of Heat Exchangers 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 Construction Method, the sub-segment i.e. Recuperative will boost the Heat Exchangers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hydraulics Industry will boost the Heat Exchangers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Need for Maintaining Safe Operating Temperature in Industrial Operations
- Increasing Demand for Efficient Transfer of Steam or Heat for Better Operation
- Increasing Use of Heat Exchangers in Food Processing Industry
- Continuous Research and Development in Heat Exchangers
- Risk of Safety Associated with Heat Exchangers
- Negative Effects of Heat Exchangers on Environment
- Technological Advancement in Power and Energy Generation will Boost the Heat Exchanger Market
- Complexities Involved with Installation of Heat Exchangers
On 18th December 2019, Alfa Laval which is a leading heat transfer, centrifugal separation and fluid handling company announced its signed agreement to acquire certain technologies and activities with the sale of SEK 14v million LTM June 2018, from Airec which is a Sweden based innovation company of heat exchangers. and The new company will be integrated into the Brazed & Fusion Bonded Heat Exchangers unit of the Energy Division. The acquired technology – in combination with Alfa Laval's existing heat transfer know-how, manufacturing footprint and global market presence – represents untapped opportunities. The closing is expected early January 2019.
Target Audience:Heat Exchangers Manufacturers, Heat Exchangers International Traders, Heat Exchangers Distributors and Suppliers, Research and Development Institutes, Potential Investors, Industry Association, Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Heat Exchangers market on the basis of product [Shell & Tube, Plate & Frame, Air Cooled and Others] , application [Space Heating, Refrigeration, Power Generation, Sewage Treatment, Chemical Plants and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Heat Exchangers market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Heat Exchangers industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Hamon Group (Belgium) and Hisaka Works Ltd (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Heat Exchangers market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.