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Heat Exchanger Market Size 2019 | Growth Analysis and Trends Forecast to 2024

Author : Rahul Sankrityayan | Published Date : 2019-07-31 

The global heat exchanger market has depicted commendable expansion over the past few years with profound applications in residential and industrial heating and cooling systems. The device can effectively transfer heat between two or more fluids and is widely used in diverse applications like in refrigerators, solar water heaters, space heating systems, in petroleum & chemical plants and more.

Thanks to rapid technological advancements in heat exchanger systems, the product’s size has scaled down considerably in recent years, allowing its use in critical medical equipment like artificial heart-lung machine and other design specific tools.

Browse key industry insights spread across 270 pages with 268 market data tables & 45 figures & charts from the report, “Heat Exchangers Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/heat-exchanger-market  

For instance, in March 2019, BPHE (brazed plate heat exchanger) provider, SWEP International unveiled its AsyMatrix BPHE design technology which improves heat transfer while reducing pressure drop and refrigerant charge. The company also attained a breakthrough in compactness with its air dryer incorporated with an integrated separator (ADWIS), one of the smallest air dryers available in the market integrated with a refrigerant heat exchanger. Advancements such as the aforementioned are certain to augment the product adoption over the coming years.

Pages: 280

Tables: 268

Charts / Figures:         45

Companies covered:  25

Countries covered:    28

Rising solar water heating system adoption to boost the market growth

The expanding focus on reducing global CO2 emissions whilst cutting cost on electricity bills has led the residential and commercial sectors to adopt solar water heating systems. This zero-emission solution utilizes heat exchangers, usually made of copper due to its great thermal conductivity and higher resistance to corrosion, to transfer absorbed heat in solar collectors to the liquid or air to heat water or a space.

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The proliferating adoption of electric vehicles to curb emissions across the globe has also been a driving factor for the growth of heat exchanger industry in recent years. Nowadays electric vehicles are equipped with liquid cooled plate heat exchangers to improve the battery life of an EV which suffers from premature degradation or aging due to heat generation during charging and discharging periods. The device is also used in cabin cooling systems and for cooling drive motors and electronic components in the electric vehicle.

The rising adoption of electric vehicles owing to their cost-efficient, zero-emission offering has led to upsurge in heat exchanger sales in recent years. Moreover, according to Edison Electric Institute (EEI) reports, renowned automotive giant BMW, Daimler, and Volkswagen have announced plans for EV sales targets in the range of 15%-25% by 2025. The increasing spectrum of commitments from pivotal automakers are certain to augment EV manufacturing, the consequence of which will be felt across the global heat exchanger market.

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Speaking of EVs it is pivotal to mention that China is bound to emerge as one of the most lucrative heat exchangers markets worldwide. This can primarily be attributed to the increasing adoption of renewable energy sources and the expansive electric vehicle market in the region. The country is rapidly advancing in terms of EV production, with sales speculated to cross over 2 million in 2019, from 1.1 million in 2018.

Eminent industry participants in heat exchanger market include Kelvion, Southern Heat Exchanger, API, Danfoss, Vahterus, KNM, Wessels, Koch, Thermofin, Larsen & Toubro, Lanpec, Doosan, Shandong Beichen, HRS, Hitachi Zonsen, THT, Accessen Group, SWEP, Hisaka Works, IHI, Thermowave, SPX-Flow, Xylem, Alfa Laval and FUNKE.

Partial Table of Contents (ToC) of the report:

Chapter 4      Heat Exchanger Market, By Technology

4.1       Heat exchanger market share by technology, 2018 & 2025

4.2       Shell & Tube

4.2.1     Global market from shell & tube, 2014 – 2025

4.2.2     Global market from shell & tube, by region, 2014 – 2025

4.3       Plate

4.3.1     Global market from plate, 2014 – 2025

4.3.2     Global market from plate, by region, 2014 – 2025

4.4       Air Cooled

4.4.1     Global market from air cooled, 2014 – 2025

4.4.2     Global market from air cooled, by region, 2014 – 2025

4.5       Others

4.5.1     Global market from others, 2014 – 2025

4.5.2     Global market from others, by region, 2014 – 2025

Chapter 5      Heat Exchanger Market, By Application

5.1       Heat exchanger market share by application, 2018 & 2025

5.2       Oil & Gas

5.2.1     Global market from oil & gas, 2014 – 2025

5.2.2     Global market from oil & gas, by region, 2014 – 2025

5.3       Chemical

5.3.1     Global market from chemical, 2014 – 2025

5.3.2     Global market from chemical, by region, 2014 – 2025

5.4       Power Generation & Metallurgy

5.4.1     Global market from power generation & metallurgy, 2014 – 2025

5.4.2     Global market from power generation & metallurgy, by region, 2014 – 2025

5.5       Marine

5.5.1     Global market from marine, 2014 – 2025

5.5.2     Global market from marine, by region, 2014 – 2025

5.6       Mechanical Industry

5.6.1     Global market from mechanical industry, 2014 – 2025

5.6.2     Global market from mechanical industry, by region, 2014 – 2025

5.7       Central Heating & Refrigeration

5.7.1     Global market from central heating & refrigeration, 2014 – 2025

5.7.2     Global market from central heating & refrigeration, by region, 2014 – 2025

5.8       Food Processing

5.8.1     Global market from food processing, 2014 – 2025

5.8.2     Global market from food processing, by region, 2014 – 2025

5.9       Others

5.9.1     Global market from others, 2014 – 2025

5.9.2     Global market from others, by region, 2014 – 2025

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/heat-exchanger-market

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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