DUBLIN, Mar. 26, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/q6f4zt/global_heat) has announced the addition of the "Global Heat Exchanger Market 2015-2019" report to their offering.
The analysts forecast the Global Heat Exchanger market to grow at a CAGR of 6.05 percent over the period 2014-2019.
The report, Global Heat Exchanger Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Heat Exchanger market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Increased adoption of energy-efficient equipment is one of the key trends upcoming in this market. Many industries are adopting high-end, energy-saving heat exchangers to mitigate the loss of revenue caused by the rise in energy costs.
According to the report, the increase in industrial operations in developing countries is one of the major drivers of the market. Process and discrete industries are expanding their manufacturing operations in these countries, which in turn is boosting the market growth.
Further, the report states that one of the main challenges in this market is strong competition from new entrants into the market. New vendors are offering low-cost products, which makes the pricing more competitive, negatively affecting the profit margins of major players.
To calculate the market size, the report considers revenue generated from various product segments:
- Shell and Tube
- Air Coolers
- Plate and Frame
- Cooling Towers
- Alfa Laval
- Doosan Heavy Industries and Construction
- GEA Group
Other Prominent Vendors
- Cipriani Scambiatori
- Hitachi Zosen
- Siping ViEX
For more information visit http://www.researchandmarkets.com/research/q6f4zt/global_heat
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SOURCE Research and Markets