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Description:
Global Heat Exchangers market is valued at $18.85 Billion during 2020 and is estimated to grow at a 5.81% CAGR rate over the forecast period 2021-2027.
Growing preference for heat exchangers in HVACR, power industries, increased manufacturing activities, and growth in the petrochemicals, oil and gas and chemicals production are the factors that are estimated to drive the demand for water and wastewater industry, which in turn propel the growth potential in the global heat exchanger market.
Demand for heat exchangers continues to increase worldwide, owing to power requirement for commercial and non-commercial purposes, on account of an increase in population and economic growth in emerging nations.
Major Trends, Drivers and Challenges:
Aftermarket for Heat Exchangers continues to grow steadily - The aftermarket for heat exchangers is emerging rapidly as the efficient maintenance of heat exchangers is required for optimizing capital cost and lowering operating costs of process industry.
Technological Advancements Spur market growth - Global Heat Exchanger manufacturers are increasing their investments in Research & Development activities to adopt advanced technologies aimed at energy efficiency, cost reduction, lower emissions and reduction in vibration-induced premature failures.
Hybrid vehicles present strong potential for Heat Exchangers - Heat exchangers such as low-temperature radiators, inverter coolers, and battery coolers are involved in electric and hybrid vehicles owing to Electric Vehicle's requirement of better battery thermal management system.
F-gas Regulations- Fluorinated greenhouse gases (f-gases) are a group of chemicals containing fluorine, including HFCs, such as R134a, R404A and R410A. The EU has recently published an updated regulation EC 517/2014, which replaced 842/2006.
Leading Segments Information
Based on Type, the report analyses the global Heat Exchangers market into 5 categories that includes Shell & Tube, Plate & Frame, Air-Cooled, Micro channel, and others. Of these, Shell and Tube dominated the industry during 2020.
By Application, the report categorizes the global Heat Exchangers market into 7 categories that includes Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Power Generation, and others. Of these, Chemicals dominated the industry during 2020.
Heat Exchangers market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered. Of these, Europe dominated the industry during 2020.
Companies Profiled
Alfa Laval AB
Atlas Copco AB
Xylem Inc.
Cummins Inc.
SPX Corporation
Segmentation
Global Heat Exchangers Market, By Type
Shell and Tube
Plate and Frame
Air Cooled
Cooling Tower
Others
Global Heat Exchangers Market, By Application
Chemical
HVACR
Fuel Processing
Power Generation
Food and Beverage
Others
Global Heat Exchangers Market, By Geography
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Middle East and Africa (Saudi Arabia, South Africa, Rest of MEA)
South and Central America (Brazil, Argentina, Chile, Rest of SCA)
Report Scope-
The report- 2021 Heat Exchangers Market - Size, Share, Competition and Forecasts to 2027' presents growth projections in the Heat Exchangers Market between 2021 and 2027 for companies operating across different types, applications, and end-user verticals.
Short-term and long-term trends affecting the market landscape are included in the research. Further, market drivers, restraints, and potential opportunities are also provided in the report.
The Heat Exchangers Market report computes the 2020 market value in revenue terms based on the average Heat Exchangers prices and sales/revenue models of key companies operating in the Heat Exchangers Industry. The study forecasts the market size to 2027 for different types of Heat Exchangers and provides respective market share and growth rates.
The study discusses technological innovations and the potential shift in demand among various products in the Heat Exchangers Market, over the forecast period. The leading five companies in the Heat Exchangers Industry together with their products, key strategies, and comparisons are provided.
The Heat Exchangers Market size, share, and outlook across different types and applications are provided at geographic levels of North America, Asia Pacific, Europe, Middle East Africa, South and Central America. Further, country-level Heat Exchangers Market value is also provided.
All recent developments in Heat Exchangers Industry including mergers, acquisitions, contract awards, licenses, product launches, and expansion plans are included in the report.
- Base Year- 2020; Forecast period: 2021- 2027
- Publication frequency- Every six months
- Research Methodology- Data triangulation with top-down and Bottom-up approach are used for market size
Key Coverage of the Report -
- Global Heat Exchangers Industry size, 2020- 2027
- Market trends, drivers, restraints, and opportunities
- Porter's Five forces analysis
- Types of Heat Exchangers , 2020-2027
- Heat Exchangers applications and end-user verticals market size, 2020- 2027
- Heat Exchangers Market size across countries, 2020- 2027
- 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
Additional support -
- All the data presented in tables and charts of the report is provided in a separate Excel document
- Print authentication extended
- 10% free customization to include any specific data/analysis to match with the requirement
- 3 months of analyst support
The Report will be updated to the latest month and delivered within 2 business days