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Heat Exchanger Market Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2019 To 2026

The global Heat Exchanger Market is anticipated to reach USD 33.01 billion by 2026 according to a new study published by kenneth Research. Heat exchanger is a very dynamic industry concerning raw materials, equipment manufacturing and end-use industries. A heat exchanger primarily works on the principle of convection and conduction for making transfer of thermal energy in the required processes. New technological developments and increased demand for energy-efficiency in almost every industrial and commercial sector around the globe has been a force majeure for the global heat exchangers market.

This industrial equipment is available of different types such as shell & tube, plate & frame, graphite and other heat exchangers types. Each type of heat exchanger includes its own set of pros and cons and is generally compared on the basis of purchase cost, installation cost, operating cost, and maintenance cost. Some of the primary criteria for choosing a particular type of heat exchanger includes operating pressure & temperature, application, available utilities, characteristics of the fluids, plot plan & layout constraints, considerations for future expansions, and mechanical considerations.

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The global market has significantly evolved around the technological efficiency of the products, their raw materials and government initiatives for energy efficiency across the world. The change in consumer preference towards utilization of energy-efficient products, buildings and construction has also played a significant part in this gain.Manufacturing practices in chemicals & petrochemical plants and up gradations of plants and facilities has also resulted in reduced carbon emissions contributing to the global climate mandates. Reduction of volatile organic compounds in environment and specific regulations adopted specifically in European, American and Asian countries such as China has greatly affected the sustainability factor.

The heat exchanger market has also evolved in terms of advanced & innovative products for better & sustainable thermal efficiency in many operating utilities such as power generation by making use of renewable sources.Asia Pacific industry is projected to be the largest market for the equipment sale in terms of revenue and volume both. The shift from western industrialization to the Asia Pacific has been the primary factor for driving this regional industry. The business operators or primarily the manufacturers have become increasingly and exceptionally globalized to make out higher value for cost and, simultaneously, compete to fulfill the rapidly emerging expertise in the Asian market. North America is yet another potential market with an established manufacturing base.

The industry is highly fragmented in nature with many significant market players worldwide. Some of the global key manufacturers include Alfa Laval AB, Hughes Anderson, Kelvion Holdings GmbH, Koch Heat Transfer Co., SPX Corporation, HRS Heat Exchangers Ltd., Xylem Inc., AOI Heat Transfer Inc., and Hindustan Dorr-Oliver Ltd.

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Key Segment Outlook

Product Type

Shell & tube
U- tube heat exchanger
Straight Tube (1 Pass Tube Side)
Straight Tube (2 Pass Tube Side)
Plate & frame
Gasket plate & frame heat exchangers
Welded plate & frame heat exchangers
Brazed heat exchangers
Air cooled
Extended surface
Heat sinks
Regenerative
Printed circuit heat exchanger (PCHE)
Others

Materials Segments

Carbon steel
Stainless steel
Nickel
Others

Graphite Shell & Tube Segments

Cubic Heat Exchangers
Graphite Block Heat Exchangers
Polytube Graphite Shell & Tube Block Heat Exchangers

Application

Pulp & Paper
Automotive
Healthcare
Chemical
Electronics
Petrochemicals and Oil & Gas
Food & beverage
HVACR
Others

Region

North America
U.S.
Canada
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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