QYResearch: The global Graphite Heat Exchanger market will grow 2.48 % to $401.40 million in 2016

QYResearch

QYResearch: The global Graphite Heat Exchanger market will grow 2.48 % to $401.40 million in 2016

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QYResearch A heat exchanger is a device built for efficient heat transfer from one medium to another. Graphite Heat Exchanger is a heat exchanger, the heat transfer medium of which is made of graphite. Graphite materials are used in heat exchangers because they provide good refractory, mechanical properties and high thermal conductivity.

Graphite Heat Exchangers are widely used in space heating, refrigeration, air conditioning, power plants, chemical plants, petrochemical plants, petroleum refineries, natural gas processing, military and aerospace, medical equipment, lasers, analytical instrumentation, power electronics, semiconductor equipment, machine tools, telecommunications, and more.

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QYResearch According to QYResearch, the global Graphite Heat Exchanger market will grow 2.48 percent to $401.40 million in 2016.

SGL Group and MERSEN captured the top two revenue share spots in the Graphite Heat Exchanger market in 2016. SGL Group dominated with 24.48 percent revenue share, followed by MERSEN with 21.09 percent revenue share.

In the next five years, the global consumption of Graphite Heat Exchanger will show upward tendency further, consumption is expected in 2021 will be 1644 K Sq.m. The average operating rate will remain at 80% to 87%.

Applications of the Graphite Heat Exchanger are concentrated on Chemical industry and Petrochemical industry, with total 58.74 percent production market share in 2016. In term of the classifications segment, Shell and Tube covered over 63.99 % of the market share in 2015, and is projected to dominate the market over the estimated period. This sector is likely to rise at a CAGR of 5.25% from 2016 to 2021. qyresearchglobal.com

QYResearch Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.

Although sales of Graphite Heat Exchanger brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.

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