Boston, MA -- (SBWire) -- 07/30/2013 --Heat exchangers are integral part of chemical and petrochemical industries. The chemical industry is the largest user of heat exchanger. Apart from the chemical industry, they are widely used in petrochemical and oil & gas industry, power generation, refrigeration, pharmaceuticals, HVAC, food & beverage processing, and pulp paper industry. New emerging technologies and regulations in certain regions have also helped in the growth of heat exchanger industry. Innovative heat exchangers are that can withstand corrosive chemicals are gaining popularity.
The global market for heat exchanger has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years, mainly driven by growing demand in the Asia-Pacific region. China is experiencing the highest heat exchanger demand globally, mainly due to increase in its industrial growth. The heat exchanger market in other countries is emerging from past years and is expected to grow significantly in the future. Various countries like India, Japan, etc. have their own respective focus to develop heat exchanger market by producing it domestically or by sourcing it from the other countries.
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This study estimates the global market of heat exchangers by the end of 2018. This market research study provides detailed qualitative and quantitative analysis of the global heat exchanger market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues in the market. The market is further segmented and forecasted for major geographic regions, North America, Europe, Asia Pacific, and Rest of the World. The market is further segmented and forecasted for major countries like U.S., China, India, Italy, Germany, Sweden, Saudi Arabia, and their market revenues are covered for each of the country. Competitive scenario and market share of the top players in the market has been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities.
Market has also been classified on the basis of material of construction, temperature range, and fluid type; the market share for each type of classification is described. The market for heat exchangers based on material of construction is further segmented on the types of materials used for heat exchangers with their market share.
Market has also been segmented on the basis of types and applications. The major types of heat exchangers are shell & tube, plate & frame, and air-cooled amongst the others. The major applications of heat exchangers are chemical and petrochemical and oil & gas, food & beverage, HVAC & Refrigeration, pulp & paper, and power generation amongst the others. These types and applications have been discussed in detail in the report. Market share for major market participants has also been described in the report.
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