In this report, the Global Heat Exchanger market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Heat Exchanger market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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 , 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.
Market Analysis and Insights: Global Heat Exchanger Market
In 2019, the global Heat Exchanger market size was US$ 13500 million and it is expected to reach US$ 20120 million by the end of 2026, with a CAGR of 5.8% during 2021-2026.
Global Heat Exchanger Scope and Market Size
Heat Exchanger market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Heat Exchanger market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Heat Exchanger market is segmented into
Shell & Tube Heat Exchanger
Plate Heat Exchanger
Air Cooled Heat Exchanger
Segment by Application, the Heat Exchanger market is segmented into
Electric Power & Metallurgy
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Heat Exchanger Market Share Analysis
Heat Exchanger market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Heat Exchanger product introduction, recent developments, Heat Exchanger sales by region, type, application and by sales channel.
The major companies include:
LARSEN & TOUBRO
Reasons to Buy This Research Report
- Complete access to Global Heat Exchanger market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Heat Exchanger markets including North America, Europe, MEA and Asia Pacific
- Global Heat Exchanger Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Heat Exchanger market segmentation
- Key trends, drivers and restraints for global Global Heat Exchanger market
- Challenges to market growth for Global Heat Exchanger manufacturers
- Key market opportunities of Global Heat Exchanger Industry
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