According to the market research report “Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Material (Steel, Non-Steel) Application (Chemical, Energy, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region – Global Forecast to 2024″, The market size of heat exchangers is estimated to grow from USD 15.3 billion in 2019 to USD 20.5 billion by 2024, at a CAGR of 6.0% from 2019 to 2024.
The market is driven by the number of factors namely growth in nuclear power production, increased demand for chemical and petrochemical products, and increased demand for processed food products. The rising energy prices, energy efficiency concerns, and stringent government regulations on the emission of CO2 are also on the key drivers for the heat exchangers market.
Browse 64 market data Tables and 39 Figures spread through 130 Pages and in-depth TOC on “Heat Exchangers Market – Global Forecast to 2024”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/heat-exchanger-market-750.html
The global heat exchangers market size is estimated to be USD 15.3 billion in 2019 and is projected to reach USD 20.5 billion by 2024, at a CAGR of 6.0%, between 2019 and 2024. The increasing energy prices, rapid industrialization in APAC, and stringent government regulations on energy efficiency and CO2 emissions are some of the major factors driving the demand for heat exchangers globally.
Increasing government regulations, technological advances, and the demand for efficient use of energy have led various end-use industries to focus on energy saving, thus leading to an increase in the need for heat exchangers. Some of the major players operating in the heat exchangers market are Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem (US), and Gunter (Germany).
New product launches, expansions, and acquisition were key strategies adopted by the industry players to achieve growth in the heat exchangers market between 2015 and 2019. Companies took these strategies to expand their market share, revenue, and distribution network.
Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=750
Alfa Laval (Sweden), Kelvion (Germany) and Danfoss (Denmark) are the Key Players in the Heat Exchangers Market
Alfa Laval (Sweden)
Alfa Laval is a global leader in the manufacturing of various technologies such as heat transfer, separation, and fluid handling. Its essential products are separators, heat exchangers, pumps and valves. The company is a leader in the plate & frame heat exchangers market and holds more than 30.0% of the market share in the plate & frame segment. It has over 39 production units out, of which 20 are located in Europe, 11 in APAC, 6 in US, and 2 in South America, and its business operations are spread across 160 countries.
Kelvion is a leading manufacturer and distributor of heat exchangers. The company is a former heat exchanger division of GEA Group AG and is headquartered in Bochum, Germany. Kelvion Holdings has a strong foothold in the European market, especially in Germany. Every year, the company launches about 5-6 new types of heat exchanger and its equipment through its R&D programs. It has business operations across North America, Europe, South America, APAC, and the Middle East & Africa.
Get 10% FREE Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=750
Danfoss is an independent and privately owned organization established in 1933 and is headquartered at Nordborg. Danfoss has a focus on innovation and development to acquire maximum market share. For instance, in 2016, it invested in R&D which further increased its sales to approximately 4% of sales. The company’s primary focus is on the HVACR industry, in which it has acquired a significant market in Europe and North America. The company only caters to the plate & frame heat exchangers market segment which is the fastest-growing segment in the heat exchangers market globally.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062