1. Market Research
  2. > Energy & Environment
  3. > Energy Technology Market Trends

Heat Exchangers Market by Type, Application, Classifications and Geography - Forecast to 2021

  • March 2016
  • 182 pages
  • MarketsandMarkets
Report ID: 3748533

Summary

Table of Contents

Search Inside

“Increasing investments in chemical and HVACR industries drive the heat exchanger market”

The market size of heat exchangers is estimated to reach USD 19.14 billion by 2021, at a CAGR of 8.2%. Heat exchangers offer various advantages, such as high operating efficiency, reduced energy consumption, and keeping pace with the green trends. The heat exchanger market is spread across a wide range of end-use industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. Therefore, the market is set to grow with the growth in other related industries in the upcoming years.

“HVACR is one of the fastest-growing applications of heat exchanger”

HVACR application is estimated to register the highest CAGR between 2015 and 2021. The high growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems. In 2015, the HVACR segment accounted for the third largest market share among all applications, in terms of value, followed by food & beverage, power generation, and paper & pulp.

“Rising demand from Asia-Pacific is a major driver of the heat exchanger market“

Asia-Pacific is the fastest growing market for heat exchangers in terms of value in the forecast period. China and India are the two major markets of heat exchangers in Asia-Pacific. The Chinese chemical industry has the largest share in Asia-Pacific resulting in an increased growth of the market. Also, a high growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for heat exchangers in both China and India.


In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.

- By Company Type: Tier 1 – 33%, Tier 2 – 60%, and Others – 7%
- By Designation: C level – 56%, Director level – 33%, and Others –- 11%
- By Region: North America – 27%, Europe – 46%, Asia-Pacific – 20%, and RoW* – 7%
*RoW includes Latin America, The Middle East, and Africa.

The key companies profiled in this market research report are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), SPX Corporation (U.S.), Xylem Inc. (U.S.), API Heat Transfer Inc. (U.S), Gunter AG & Co. KG (Germany), Hamon & Cie International SA (Belgium), Hindustan Dorr-Oliver Limited (India), Hisaka Works Limited (Japan), HRS Heat Exchangers (India), Modine Manufacturing Company (U.S.), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark).

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the heat exchanger market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Heat Exchangers Market by Type, End-Use Industry, Food & Beverage, and Power Generation, Material of Construction - Global Opportunity Analysis and industry Forecast, 2014-2022

  • $ 3840
  • Industry report
  • March 2017
  • by Allied Market Research

Heat exchanger are devices responsible for transfer of heat, from one fluid to another and transfer of heat between solid particulates and fluid. These are used in cooling applications, such as in refrigeration ...

Global Heat Exchanger Market 2017-2021

  • $ 3500
  • Industry report
  • March 2017
  • by Infiniti Research Limited

About Heat Exchanger A heat exchanger is a mechanical device that transfers thermal energy from one medium to another. The media are generally separated by a partition to avoid contact between each other. ...

Global Automotive Heat Exchanger Market 2017-2021

  • $ 3500
  • Industry report
  • May 2017
  • by Infiniti Research Limited

About Automotive Heat Exchanger A heat exchanger is a device that allows heat transfer. Currently, OEMs are focusing on ensuring the maximum transfer of heat while keeping the size minimum. Technavio’s ...


Download Unlimited Documents from Trusted Public Sources

The future of the Energy Technology Industry in the US

  • June 2017
    7 pages
  • Energy Technolo...  

  • United States  

View report >

Pump Industry in the UK

  • June 2017
    54 pages
  • Energy Efficien...  

    Heating Equipme...  

    Pump  

  • United Kingdom  

    Sweden  

View report >

Energy Demand Analysis - Forecast

  • June 2017
    39 pages
  • Energy Efficien...  

    Heating Equipme...  

    Heat Exchanger  

View report >

Related Market Segments :

Heat Exchanger

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.