Global Heat Exchangers Market Revenue, Opportunity, Segment and Key Trends 2018-2024
Heat Exchangers Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of heat exchangers market by type (shell and tube, plate, regenerative, and adiabatic wheel heat exchanger), application (power stations, air conditioning, petrochemical plants, chemical plants, petroleum refineries, food & beverage, and others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the heat exchangers market it includes the five years Industry analysis and the 6 years annual forecast from to 2024. Some of the prominent participants in the global heat exchangers market are Kelvion Holdings, Danfoss, Alfa Laval, Xylem, SPX Corporation, API Heat Transfer, Hisaka Works, Gunter, HRS Heat Exchangers, Hindustan Dorr-Oliver, Modine Manufacturing Company, and Sierra. The global heat exchangers market is projected to grow at a CAGR of 8.80% over the forecast period of 2018-2024.
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Heat Exchangers Market: Drivers, Restrain and Opportunities
Rising demand and wide use of heat exchangers in major industries such as petroleum refining, power station, natural-gas processing, and chemical plants are expected to boost the heat exchangers market in the coming years. Furthermore, varying temperature requirements of streams in a chemical process enables the use of heat exchanger in chemical process industries that in turn, boosts the growth of heat exchangers market. Growing demand for heat exchangers owing to the high thermal efficiency of heat exchanger propels the growth of heat exchanger market.
Moreover, rising government investments in commercial building fuel the growth of heat exchanges market. However, lack of awareness associated with energy efficiency in the building may hamper the market in the near future. Nevertheless, technological advancement and Innovation may provide new growth avenues to the market in the forecast period. Moreover, increase in need of power and energy in accordance with rising population provides opportunities for heat exchangers market.
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Europe Dominates the Growth of Heat Exchangers Market
Europe dominates the growth of heat exchangers market. Energy-efficiency provided by heat exchangers contributes to increasing demand for compact heat exchangers. European directives on energy efficiency and emissions have become more stringent. Dominant producers and the huge presence of leading suppliers of heat exchangers in the Europe region contribute to the growth of heat exchangers market in this region.
Furthermore, Asia Pacific is set to grow at a significant rate owing to rapid industrialization in this region. Asia Pacific countries such as China and India are expected to boost the growth of heat exchangers market owing to increasing demand from the chemical industry and the presence of leading consumers in China.
Heat Exchangers Market: Segmentation
The report on global heat exchangers market covers segments such as type and application. On the basis of type, the sub-markets include shell and tube heat exchanger, plate heat exchanger, regenerative heat exchanger, and adiabatic wheel heat exchanger. On the basis of application, the sub-markets include power stations, air conditioning, petrochemical plants, chemical plants, petroleum refineries, food & beverage, and others.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the heat exchangers.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.