Heat Exchangers Market

Heat Exchangers Market

MicroMarketMonitor Research Market

Heat Exchangers Market Widely Accepted to Grow Due to Its Green and Energy Efficient Properties

A heat exchanger is a device designed to efficiently transfer heat from one matter to another. It is used across various industries such as chemical, petrochemical, oil & gas, HVAC, pulp & paper, and power generation. It plays a major role in helping these industries increase their operational efficiency and reduce energy consumption.

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Heat exchangers are integral part of chemical and petrochemical industries.

The chemical industry is the largest user of heat exchangers. Apart from the chemical industry, they are widely used in petrochemical and oil & gas industry, power generation, refrigeration, pharmaceuticals, HVAC, food & beverage processing, and pulp paper industry. New emerging technologies and regulations in certain regions have also helped in the growth of heat exchanger industry. Innovative heat exchangers which can withstand corrosive chemicals are gaining popularity.

The heat exchanger market has also been classified on the basis of material of construction, temperature range, and fluid type; the market share for each type of classification is described. The market for heat exchangers based on material of construction is further segmented on the types of materials used for heat exchangers with their market share.

The heat exchanger market is further segmented on the basis of type and application. The major types of heat exchangers are shell & tube, plate & frame, air-cooled, and printed circuit. The major applications of heat exchangers are chemical, petrochemical and oil & gas, food & beverage, HVAC & Refrigeration, pulp & paper, and power generation. These types and applications have been discussed in detail in the report. Market share for major market participants has also been described in the report.

The heat exchangers market in the U.S. accounted for the largest share of 80.2% in the North America heat exchangers market in 2014. The shell and tube type heat exchangers accounted for the largest share in the North American heat exchangers market.

Competitive scenarios of the top players in the North American heat exchangers market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are profiled in this market report. Some of the key manufacturers of heat exchangers are Tranter, Inc. (U.S.), Xylem Inc. (U.S.), API Heat Transfer (U.S.), Modine Manufacturing Company (U.S.), and SPX Corporation (U.S.), and others.

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