Their low flooded weight and footprint is also advantageous in most installations; both onshore and offshore. The demand for heat exchangers in Europe is majorly driven by the presence of huge chemical industry. According to these changes, the EU has adopted two legislative acts, namely, the MAC Directive on air conditioning systems used in small motor vehicles and the F-gas Regulation that cover all other key applications in which F-gases are used.
The growth of manufacturing, chemical, and construction industries is driving the market for heat exchangers. Europe is estimated to account for the largest share of the heat exchangers market in Global heat exchanger market is a potential market for heat exchangers with respect to Global heat exchanger market and production capacity.
The market is driven by increasing power generation capacities and rise in technological advances in heat exchangers.
Nowadays, heat exchangers have also used for residential purposes apart from their commercial use.
This report is an attempt by Transparency Market Research to identify the potentials and growth of heat exchangers market globally. Use of advanced technology in heat exchange process is also lending a helping hand in the development of the global heat exchangers market.
Moreover, the demand for heat exchangers from the growing HVAC industry is increasing across the global market, due to improving infrastructure and standard of living. This License type allows the report to be Printed.
Heavy-duty or customized heat exchangers are generally utilized by large industrial consumers. The increasing industrialization and advancement in technology are some of the factors driving the growth of the global market during the forecast period.
North America is further bifurcated in U.
Geographically, Europe is anticipated to be the slowest growing heat exchangers market during the forecast period. Thus, the introduction of new hybrid heat exchangers technology is a major trend in the market. Report will be emailed in PDF format and allows all employees within the organization to access it.
These factors are expected to boost the growth of the heat exchangers market in Asia-Pacific.
Moreover, the declining crude oil price has reduced the investment in oil and gas industry, which is hampering the growth of the market in Europe. Heat exchanger industry is expected to have a huge number of advancements over the forecast period owing to continuous developments in end-use industry coupled with rising demand from industries in the end use sector.
The in-depth analysis provided in this report covers all the aspects of the heat exchanger value chain. A rapidly developing heating, ventilation, and air conditioning HVAC industry coupled with brisk capacity additions in both the power and hydrocarbons sectors are likely to boost demand for heat exchangers.
The rapidly growing heating, ventilation, and air conditioning HVAC industry is expected to boost the demand for heat exchangers in coming few years.
These regulations restrict the use of heat exchangers as evaporators and condensers in chillers.
Rising demand from the industry has elevated the global market in North America. It has also been observed that the increased manufacturing activities, growth in the oil and gas production and growing population will further propel the growth of global heat exchanger market.
The heat exchangers market is segmented on the basis of type, application, and region. The maintenance of heat exchangers is important to ensure continuous production and system uptime, and to avoid sudden failures. Moreover, heating demand from the region due to the cold weather condition drives the market for heat exchangers.
Company Snapshot Figure 42 Johnson Controls: With an increasing number of Global heat exchanger market field and infrastructure development projects being planned across all regions, the shell and tube segment is expected to grow rapidly during the forecast period.
During the forecast period, large number of plants would come into operation that is anticipated to reap advantage of cheap natural gas for the production of ethane, a prevalent feedstock for petrochemical industry.Heat Exchanger Market is projected to grow at a CAGR of % during the forecast period of toHeat Exchanger Market Report categorizes the Global Market by Type and Application | Heat Exchanger Industry.
The global heat exchangers market was valued at $14, million inand it is expected to grow with a CAGR of % during - The factors driving the growth of the global market include advancement in technology and growing HVAC, petrochemical, food processing, and chemical industries.
Global plate and frame heat exchangers market The global plate and frame heat exchangers market is expected to grow at a CAGR. Global Heat Exchanger Market is estimated to reach $25, million by ; growing at a CAGR of % from to A heat exchanger is an equipment used to transfer heat energy between two different fluids or a fluid and a solid object, that may be parted by a wall to prevent mixing.
The report, titled ‘Heat Exchangers Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast - ’, states that the global heat exchangers market is predicted to rise at a % CAGR till Location: State Tower, 90 State Street, SuiteAlbany, Heat Exchangers Market Overview: Global heat exchangers market was valued at $12, million inand is expected to reach $20, million byregistering a CAGR of % from to A heat exchanger is a device employed to transfer thermal energy (enthalpy) between a solid object and a fluid, from liquid to liquids and .Download