Tuesday 28 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Heat Exchanger Market: Alfa Laval AB, Doosan Heavy Industries and Construction Co. Ltd., GEA Group AG, SPX Corp. and Xylem Inc.
Other Prominent Vendors in the market are: Accessen, API, Beichen, Cipriani Scambiatori, Dengfeng, FBM, FL-HTEP, Funke, Hisaka, Hitachi Zosen, IHI, JSW, L&T, Lanpec, Lanzhou, LHE, Nanhua, Rycroft, Siping ViEX, Sondex, SWEP, Thermowave, THT and Tranter.
The report said: “Increased adoption of energy-efficient equipment is one of the key trends upcoming in this market. Many industries are adopting high-end, energy-saving heat exchangers to mitigate the loss of revenue caused by the rise in energy costs.”
According to the report, the increase in industrial operations in developing countries is one of the major drivers of the market. Process and discrete industries are expanding their manufacturing operations in these countries, which in turn is boosting the market growth.
Further, the report states that one of the main challenges in this market is strong competition from new entrants into the market. New vendors are offering low-cost products, which makes the pricing more competitive, negatively affecting the profit margins of major players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.