Global Heat Exchangers Market to Reach $20.6 Billion by 2022 - Mature Markets of Europe & North America Projected to Inhibit Growth
DUBLIN, July 18, 2017 /PRNewswire/ --
The "Heat Exchangers Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The heat exchanger market is projected to reach USD 20.65 Billion by 2022, at a CAGR of 8.3% from 2017 to 2022. The market is driven by increase in stringent environment regulations, rise in HVACR deployments, and technological advancements. However, the mature markets of Europe and North America are projected to inhibit the growth to some extent.
The global heat exchangers market has been witnessing many developments over the past few years. Heat exchangers are preferred and widely accepted equipment due to its eco-friendly and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers, globally.
The heat exchangers are used in various applications, such as chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, and paper & pulp. In 2016, the chemical segment is estimated to account for the largest market share among all the applications, in terms of value, followed by petrochemical and oil & gas, and HVACR. The HVACR application segment is estimated to grow at the highest during the forecast period.
Asia Pacific, North America, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa are considered as the main regions in the heat exchangers market in the report. Currently, North America is the largest market for heat exchangers, with the maximum share of the global market. The region has huge installed plant capacities of heat exchangers and is an export-based heat exchangers market. The heat exchangers market is emerging in various countries such as China, India, Saudi Arabia, and Brazil due to increasing industrial activity. Also, a large number of emerging manufacturers from Asia Pacific and Eastern Europe are expected to reduce import dependence of various regions which is further expected to drive the heat exchangers market in future.
Companies Mentioned
- Alfa Laval Ab
- Api Heat Transfer Inc.
- Barriquand Technologies
- Danfoss A/S
- Funke Warmeaustauscher Apparatebau Gmbh
- Gea Group Aktiengesellschaft
- Guntner Gmbh & Co. Kg
- Hamon & Cie International
- Harsco Industrial Air-X-Changers
- Hindustan Dorr-Oliver Ltd.
- Hisaka Works, Ltd.
- Hrs Heat Exchangers Ltd.
- Kelvion Holdings Gmbh
- Koch Heat Transfer Company
- Mersen
- Modine Manufacturing Company
- Radiant Heat Exchanger Pvt. Ltd.
- Sierra S.P.A.
- Smart Heat Incorporated
- Spx Corporation
- Swep International Ab
- Thermax Global
- Tranter Inc.
- Vahterus
- Xylem Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Heat Exchangers Market, By Type
7 Heat Exchangers Market, By Application
8 Heat Exchangers Market, By Material of Construction, Temperature Range & Fluid Type
9 Graphite Heat Exchangers Market
10 Printed Circuit Heat Exchangers Market
11 Heat Exchangers Market, By Region
12 Competitive Landscape
13 Company Profile
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/bqfbst/heat_exchangers
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