Global Heat Exchangers Market
The GMI Research forecasts that the Heat Exchangers Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the continuous technological innovations including phase-change cooling technology and strict rules and regulations to reduce carbon radiations.
Introduction of the Heat Exchangers Market:
Heat exchangers are the devices that allow the exchange of heat from a fluid to a second fluid without any requirement to mix those fluids or make them come into direct contact. These devices are established to proffer the required amount of thermal energy for cooling or heating a fluid stream in a process. There are mainly two mechanisms that help in transferring the heat that is applied in the heat exchangers, including single-phase and two-phase heat transfer.
Key Players of the Global Heat Exchangers Market:
- Hisaka Works Ltd.
- Guntner GmbH & Co. KG
- API Heat Transfer
- Xylem
- Kelvion Holding GmbH
- Johnson Controls
- Hindustan Dorr-Oliver Ltd.
- Chart Industries
- Danfoss
- Alfa Laval
Heat Exchangers Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The prime factors supplementing the growth of the global heat exchangers market include the rapid industrialization across emerging nations along with the augmenting deployment of power plants to fulfill the surging need for energy throughout the world. Also, the ongoing technological expansion for the establishment of heat exchangers, such as fast 3D prototyping, phase-change cooling technology, and increasing research and development activities, will further stimulate the market demand.
Additionally, the rigorous norms and directives to decrease carbon emissions & global warming strengthen the heat exchangers market size. The enlargement in the construction industry has resulted in robust heating and cooling equipment in commercial & residential buildings. Moreover, these exchanges offer enormous remarkable features, which include less consumption of energy and low requirement of space and maintenance. These factors together will propel the market demand. However, the mounting cost associated with their evolution led by the rising price of raw materials and insufficient knowledge regarding the effectiveness of building’s energy will hinder the heat exchangers market share.
Heat Exchangers Market Segmentation:
Segmentation by Type
- Plate & Frame Heat Exchangers
- Shell & Tube Heat Exchangers
- Air Cooled Heat Exchangers
- Others
Segmentation by End-Use Industry
- Energy
- Chemicals
- Food & Beverages
- HVAC & Refrigeration
- Pulp & Paper
- Power Generation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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