The future of the global heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil and gas applications. The global heat exchanger market is expected to reach an estimated $21.3 billion by 2022 and it is forecast to grow at a CAGR of 6.1% from 2017 to 2022. The major drivers of growth for this market are rapid industrialization, a rise in HVACR deployments, and stringent environmental regulations.
Emerging trends which have a direct impact on the dynamics of the heat exchanger market include development of waste heat recovery heat exchangers and introduction of exhaust gas re-circulation coolers.
A total of 117 figures / charts and 98 tables are provided in this 181-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of heat exchanger market report download the report brochure.
Trends Heat ExchangerForecast Heat ExchangerGrowth Opportunities Heat Exchanger
The study includes heat exchanger market and forecast for the growth opportunities in the global heat exchanger market by application, product type and region, as follows:
Heat exchanger market by Application [$ Billion from 2011 to 2022]:
Chemical Petrochemical and Oil and Gas HVACR Food and Beverage Power Generation Paper and Pulp Others
Heat exchanger market by Product Type [$ Billion from 2011 to 2022]:
Shell and Tube Plate and Frame Air-Cooled Others
Heat exchanger market by region [$ Billion from 2011 to 2022]:
North America Europe Asia Pacific Rest of the World
Heat exchanger companies profiled in this market report includes Alfa Laval Corporate AB, Kelvion Holding GmbH, Xylem Inc., Danfoss A/S, and SPX Corporation. Some major heat exchanger manufacturers are opting for M&A as a strategic initiative for driving growth.
On the basis of its comprehensive research, Lucintel forecasts that the HVACR application is expected to show above average growth during the forecast period.
Within the global heat exchanger market, the shell and tube segment is expected to remain the largest market. Increase in number of oil field projects, and infrastructure development projects across all the regions are the major factors that will spur growth for this segment over the forecast period.
Europe is expected to remain the largest region and Asia Pacific and Europe are expected to witness significant growth over the forecast period due to stringent environmental regulations and increasing awareness regarding installation of energy efficiency systems.
Some of the features of “Global Heat Exchanger Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Growth opportunities in the global heat exchanger market in terms of value ($ Mil).Trend and forecast analysis: Global heat exchanger market trend (2011-2016) and forecast (2017-2022) by region and segmentSegmentation analysis: Global heat exchanger market size from 2011 to 2022 by application type, product type, and region typeRegional analysis: Global heat exchanger breakdown by key regions of North America, Europe, Asia Pacific and the Rest of the WorldGrowth opportunities: Analysis on growth opportunities in different application, product, and regions.Strategic analysis: This includes M&A, new product development, and competitive landscape of global heat exchanger market suppliers.Emerging applications: Emerging applications of the heat exchanger in the global heat exchanger market. Analysis of the competitive intensity of the industry based on Porter’s Five Forces model
This report answers following key questions:
Q.1 What are some of the most promising, high-growth opportunities for the heat exchanger market by application (chemical, petrochemical and oil and gas, paper and pulp, food and beverage, HVACR, power generation, and others), product type (shell and tube, plate and frame, air-cooled and other), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in heat exchanger market?
Q.5 What are the business risks and competitive threats in heat exchanger market?
Q.6 What are the emerging trends in heat exchanger market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which heat exchanger companies are leading these developments?
Q.9 Who are the major heat exchanger supplier? What strategic initiatives are key players pursuing for business growth?
Q.10 What are some of the competing products in heat exchanger market and how big of a threat do they pose for loss of market share by materials / product substitution?
Q.11 What M&A activity by the major heat exchanger supplier in the last 5 years and what has its impact been on the industry?