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Download Free sampleThe global Heat Exchanger market was valued at 12.07 Million USD in 2021 and will grow with a CAGR of 5.24% from 2021 to 2027, based on newly published report.
The prime objective of Heat Exchanger Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Heat Exchanger Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Heat Exchangers is a piece of equipment built for efficient heat transfer from one medium to another. Heat exchangers are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.The Heat Exchangers consumption volume was 1297.08 K Ton in 2017 and is expected to reach 1820.04 K Ton in 2022, growing at a CAGR of 7.01% from 2017 to 2022. Europe`s sales volume accounted for the highest market share (25.76%) in 2016, followed by the United States and Europe. At present, the manufactures of Heat Exchangers are concentrated in USA, China, Europe, Asia Pacific (Except China) and India. Europe is the largest production area in the world, which occupied about 28.93% in 2016. The following areas are the USA and China. The global leading players in this market are Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, etc. The Heat Exchangers are mainly used by Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating and Food Industry. The dominant applications of Heat Exchangers are Petrochemical and Electric Power & Metallurgy. Despite the presence of competition problems, due to the increasing downstream demand of leading-edge, effective products, the government policy support of the relevant industry, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
By Market Verdors:
Alfa Laval
Kelvion (GEA)
SPX Corporation
IHI
Danfoss (Sondex)
SPX-Flow
DOOSAN
API
KNM
Funke
Xylem
Thermowave
Hisaka
SWEP
LARSEN & TOUBRO
Accessen
THT
Hitachi Zosen
LANPEC
Siping ViEX
Beichen
Lanzhou LS
Defon
Ormandy
FL-HTEP
By Types:
Shell & Tube Heat Exchanger
Plate Heat Exchanger
Air Cooled Heat Exchanger
By Applications:
Petrochemical
Electric Power & Metallurgy
Shipbuilding Industry
Mechanical Industry
Central Heating
Food Industry
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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