The Heat Exchangers report released by Global Market Monitor predicts that by 2026, the global Heat Exchangers market will reach $29.14 billion, with a compound annual growth rate of 8.55% during the forecast period.
Heat Exchanger is used to transfer heat from the hot fluid to the cold fluid in order to meet the specified process requirements, which is an industrial application of convective heat transfer and heat conduction.
From the perspective of revenue and sales, the Asia-Pacific region is expected to become the world’s largest heat exchanger sales market. The shift from Western industrialization to the Asia-Pacific region is the main factor driving the development of industries in this region. Under the trend of globalization, more and more manufacturers will choose to compete in the Asian market to obtain higher cost value. In addition to the Asia-Pacific region, North America is another potential market with mature production bases.
Government efforts to curb carbon emissions and combat global warming will boost the heat exchanger market over the forecast period. Due to significant investments in chemicals, petrochemicals, HVACR, food and beverage, and power generation, the market share of heat exchangers varies from region to region. Rapid growth in process and discrete industries, along with their global manufacturing operations is expected to expand market growth. Rising demand for HVAC equipment in developing economies such as India and China is a big reason for future demand growth. Other drivers include significant investment in the offshore shipbuilding market, which is also meeting the growing demand for heat exchangers.
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The Major Players Profiled in This Report Include:
ALFA LAVAL CORPORATE AB
KIRLOSKAR BROTHERS LIMITED
ATLAS COPCO AB
Type Outlook (Revenue, USD Million; 2014-2026):
Plate and Frame
Shell and Tube
Application Outlook (Revenue, USD Million; 2014-2026):
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Heat Exchangers Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Heat Exchangers Market by Types
Chapter 4 Segmentation of Heat Exchangers Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Heat Exchangers Market in Major Countries
Chapter 7 North America Heat Exchangers Landscape Analysis
Chapter 8 Europe Heat Exchangers Landscape Analysis
Chapter 9 Asia Pacific Heat Exchangers Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Heat Exchangers Landscape Analysis
Chapter 11 Major Players Profile
11.1 ALFA LAVAL CORPORATE AB
11.1.1 ALFA LAVAL CORPORATE AB Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 SPX CORPORATION
11.2.1 SPX CORPORATION Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 KIRLOSKAR BROTHERS LIMITED
11.3.1 KIRLOSKAR BROTHERS LIMITED Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Heat Exchangers Report Provide:
Potential opportunities and challenges analysis in the Heat Exchangers market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Heat Exchangers market and related industry.
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