The global heat exchanger industry is witnessing steady growth and is expected to grow at a CAGR of approximately 9.5% over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in a minutely analyzed research report. Rapid industrialization across the globe, especially in developing countries is one of the prime factors augmenting the growth of the global heat exchangers market. Heat exchangers find extensive application in industries such as chemical and petrochemical. A detailed analysis report of COVID-19 impact on Heat Transfer Market is provided with the report. The market is increasing steadily over the past few years and is expected to gain further prominence over the next few years. Increase in population and economic growth in the developing nations are impacting the market conditions, positively. Moreover, augmented demand for heat exchangers owing to power requirement for commercial and non-commercial purposes is escalating the market on the global platform. Get Free Sample Copy of this Report at: https://www.marketresearchfuture.com/sample_request/2963 The heat exchanger market is progressing briskly; mainly due to the diverse application areas in industries ranging from swimming pools to maintain the water temperatures to sugar factories and distilleries. Other remarkable applications of heat exchangers include Chemical Factories and Heating Ventilation Air Conditioning and Refrigeration (HVACR) sector. Recent trends in the market show that they have a direct impact on the dynamics of the industry, such as the development of waste heat recovery heat exchangers and the introduction of exhaust gas recirculation coolers. Also, the extensive power consumption across sectors is contributing to market expansion, hugely. Technological advancements in heat exchangers have impacted the market growth positively. Improvements in technology and innovations in designs and efficiency are expected to open up new avenues for the growth of the global heat exchangers market. However, the market might be constrained by volatile raw material prices and the high cost of production. Segmental Analysis For a better understanding, the Heat Exchanger Market report has been segmented into three key dynamics: By Type: Shell and Tube Heat Exchanger, Regenerative Heat Exchanger, Plate Heat Exchanger, and Air cooled, among others. By Application: Oil & Gas, Chemicals, Power Generation, HVACR, and Food & Beverages, among others. By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World. Competitive Landscape
The global heat exchanger market is led by some prominent players including Xylem Inc. (U.S.), API Heat Transfer Inc. (U.S), Southern Heat Exchanger (U.S.), Gunter AG & Co. KG (Germany), Hamon & Cie International SA (Belgium), Hughes Anderson Heat Exchangers (U.S.), Kelvion Holdings Gmbh (Germany), Koch Heat Transfer Company (U.S.), Danfoss A/S (Denmark), Alfa Laval AB (Sweden), SPX Corporation (U.S.), and Sierra S.p.A (Italy). Regional Analysis North America, Europe, Asia Pacific, and the Middle East & Africa are the key markets for heat exchanger. Europe is the largest market for heat exchanger due to augmented demand from the region due to cold weather condition. Moreover, the region is leading in terms of production of plate & frame heat exchangers in regions such as Germany, UK, and France. Also, the region is home to major heat exchanger manufacturers such as Kelvion Holdings Gmbh, Gunter AG & Co. KG and others which provides an added advantage to Europe. Asia Pacific market is expected to witness maximum growth over the forecast period. Rapid industrialization in countries such as China, India, Japan, Indonesia, and Australia initiate the high demand for heat exchangers. The Middle East & Africa market generates substantial demand for heat exchangers owing to growing application in oil refineries. Access Full Research Report at: https://www.marketresearchfuture.com/reports/heatexchanger-market-2963 List Of Tables Table 1 Global Heat Exchanger Market: By Region, 2018-2023 Table 2 North America Heat Exchanger Market: By Country, 2018-2023 Table 3 Europe Heat Exchanger Market: By Country, 2018-2023 Table 4 Asia-Pacific Heat Exchanger Market: By Country, 2018-2023 Table 5 Rest Of The World Heat Exchanger Market: By Country, 2018-2023 Table 6 Global Heat Exchanger Market By Type: By Regions, 2018-2023 Table 7 North America Heat Exchanger Market By Type: By Country, 2018-2023 Table 8 Europe Heat Exchanger Market By Type: By Country, 2018-2023 Continued‌‌.
List Of Figures Figure 1 Research Process Of MRFR Figure 2 Top Down & Bottom Up Approach Figure 3 Market Dynamics Figure 4 Impact Analysis: Market Drivers Figure 5 Impact Analysis: Market Restraints Figure 6 Porter’s Five Forces Analysis Figure 7 Supply Chain Analysis Figure 8 Global Heat Exchanger Market Share, By Type, 2016 (%) Continued…… About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.