Global Heat Exchangers Market valued approximately USD 13.54 billion in 2017 is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2018-2025. The Heat Exchangers market is developing and expanding at a significant pace. In the present scenario, rapid expansion of industries is accelerating the demand for heat exchangers across the world attributing towards growth to the global heat exchangers market.
Rising prices of several forms of energy, increasing environmental concerns and regulations associated with them and rapid industrialization in emerging economies are key factors driving the market. However, lack of general awareness regarding energy efficiency and automation in buildings is expected to restrain the market growth during the forecast period.
On the basis of segmentation, The Heat Exchangers market is segmented into Type and Application. The Type segment is classified into Lead-Acid Battery and Lithium-Ion Battery. The material segment is classified into Shell & Tube Heat Exchangers, Plate & Frame Heat Exchangers, Air Cooled Heat Exchangers and Others. Application segment is classified as Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper and Others. The Type segment is anticipated to dominate the Heat Exchangers market considering the forthcoming years and the global scenario.
The regional analysis of Global Heat Exchangers Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The leading market players mainly include-
SPX Corporation and Godrej & Boyce Manufacturing
API Heat Transfer
Johnson Controls International
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Shell & Tube Heat Exchangers,
Plate & Frame Heat Exchangers
Air Cooled Heat Exchangers
Petrochemical and Oil & Gas
Food & Beverage
Pulp & Paper
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Heat Exchangers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
For More Information, Click on the Link Below:-
Ankur Gupta, Head Marketing & Communications