MRO Magazine

Heat Exchanger Market Growing Steadily at 6% CAGR With Increasing Adoption of High-End, Energy Saving Heat Exchangers


September 4, 2015
By PRN NewsWire

PUNE, India, September 4, 2015 /PRNewswire/ —

Two heat exchanger market research reports forecast a steady growth for the industry in next 4-5 years with high demand from emerging economies and increasing adoption of high end, energy saving heat exchangers.

Complete 2015 report on heat exchanger market spread across 89 pages, analyzing 5 major companies and supported with 35 data exhibits is now available at http://www.rnrmarketresearch.com/global-heat-exchanger-market-2015-2019-market-report.html .

Increase in industrial operations in developing countries is one of the major drivers of heat exchanger market. Process and discrete industries are expanding their manufacturing operations in these countries, which in turn is boosting the market growth. 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.

The report states that one of the main challenges for heat exchanger market players 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 heat exchanger market size, the report considers revenue generated from various product segments like Shell and Tube, Air Coolers, Plate and Frame, Cooling Towers and Others. Key questions like what will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to heat exchanger market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

This 2015-2019 heat exchanger market research recognizes Alfa Laval AB, Doosan Heavy Industries and Construction Co. Ltd., GEA Group AG, SPX Corp. and Xylem Inc as key companies of the industry. Other prominent vendors of the market simply mentioned in the report include Accessen, API, Beichen, Cipriani Scambiatori, Dengfeng, FBM, FL-HTEP, Funke, Hisaka, Hitachi Zosen, IHI, JSW, L&T, Lanpec, Lanzhou, LHE, Nanhua, Rycroft, Siping ViEX, Sondex, SWEP, Thermowave, THT and Tranter. Order a copy of Global Heat Exchanger Market 2015-2019 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=314560 .

The second research titled Heat Exchanger Market by Type (Shell & Tube, Plate & Frame, Air Cooled, Printed Circuit), by Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), Classifications (MoC, Temperature Range & Fluid Type) and Geography, Trends & Forecast to 2019 says European region is the biggest market of heat exchangers, accounting for more than one-third of the total heat exchangers demand. Currently, Europe acquires more than 30.0% of the total global market. Heat exchanger consumption in the region is estimated to grow at a CAGR of around 4.81% from 2014 to 2019. There is a lot of scope in the Asia-Pacific heat exchanger market [http://www.rnrmarketresearch.com/heat-exchanger-market-by-types-shell-tube-plate-frame-air-cooled-by-applications-chemical-petrochemical-oil-gas-hvac-refrigeration-classifications-moc-temperature-range-fluid-ty-market-report.html ] due to the surging demand for energy in the region. With the emerging technological developments and innovations in the region, the demand for heat exchangers may further augment at a higher pace. It is estimated to grow at a CAGR of 10.70% for the next five years.

Currently, a high share of heat exchanger is being consumed by the chemical industry and the demand of heat exchangers through chemical industry is projected to grow in the next five years at a CAGR of 14.32% from 2014 to 2019. After China, countries such as India, Japan and other Asian countries, are showing increasing growth in demand for heat exchangers. Moreover, increasing number of heat exchangers manufacturers from Asian countries are putting vigorous efforts for developing a strong base of heat exchanger market, with a target of reducing heat exchanger imports. China is expected to witness strong growth in its heat exchangers market due to growing demand from chemical, petrochemical and oil & gas industry. HVAC industry is also growing at a healthier pace in this region.  China dominates the heat exchangers market in Asia-Pacific region, being a major consumer and the fastest growing country in terms of heat exchangers demand.

Companies profiled in this heat exchanger market research include Alfa Laval Ab, Api Heat Transfer Inc., Danfoss A/S, Gea Heat Exchangers, Guntner Ag & Co. Kg, Hamon & Cie (International) Sa, Hrs Heat Exchangers Ltd, Hindustan Dorr-Oliver Ltd, Hisaka Works Ltd, Modine Manufacturing Company, Sierra S.P.A., Sondex Holding A/S, Spx Corporation, Swep International Ab, Xylem Inc. and Heatric. Comprehensive table of contents and more on this heat exchanger market report is available at http://www.rnrmarketresearch.com/heat-exchanger-market-by-types-shell-tube-plate-frame-air-cooled-by-applications-chemical-petrochemical-oil-gas-hvac-refrigeration-classifications-moc-temperature-range-fluid-ty-market-report.html .

Explore more reports on the chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals .

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