Market Overview

Heat Exchangers Market Worth $22.59 Billion by 2023

Share:

Heat Exchangers Market Worth $22.59 Billion by 2023

PR Newswire

PUNE, India, August 15, 2018 /PRNewswire/ --

According to a new market research report "Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size of heat exchangers is estimated to grow from USD 14.68 billion in 2018 to USD 22.59 billion by 2023, at a CAGR of 9.0% from 2018 to 2023. The market is driven by increasing power generation capacities and rise in technological advances in heat exchangers. The rising energy prices and stringent government regulations on the emission of CO2 are also driving the heat exchangers market.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 70 market data Tables and 42 Figures spread through 137 Pages and in-depth TOC on "Heat Exchangers Market"

https://www.marketsandmarkets.com/Market-Reports/heat-exchanger-market-750.html

Early buyers will receive 10% customization on this report

Chemical is projected to be the largest application segment of the market for heat exchangers 

The chemical segment led the heat exchangers market with the largest share in 2017. Heat exchangers have been successfully employed for years in the chemical industry to heat and cool base, intermediate, and final products. With the growing demand for chemicals in the emerging economies, the market for heat exchangers is expected to grow during the forecast period.

Get PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=750

The shell & tube type segment is expected to lead the heat exchangers market in 2018 

Shell & tube heat exchangers are the most common types of heat exchangers used globally. They are extensively used as power condensers, preheaters, oil coolers, and steam generators. These type of heat exchangers are considered to be an ideal choice for the heavy-duty applications, owing to their high efficiency. Increased government investments on commercial building & construction projects are driving the demand of HVACR equipment, which, in turn, is expected to drive the demand for shell & tube heat exchangers, globally.

Europe is estimated to account for the largest share of the heat exchangers market in 2018 

Europe is a potential market for heat exchangers with respect to demand and production capacity. This region has the presence of most global leaders operating in the heat exchangers market. The demand for heat exchangers in Europe is majorly driven by the presence of huge chemical industry.

Key market players in the heat exchangers market 

Alfa Laval (Sweden), Danfoss (Denmark), Kelvion Holdings (Germany), SPX Corporation (US), Xylem (US), API Heat Transfer (US), Gunter (Germany), Hindustan Dorr-Oliver (India), Hisaka Works (Japan), HRS Heat Exchangers (India), Modine Manufacturing Company (US), Sierra (Italy), and SWEP International (Denmark) are key players operating in the heat exchangers market.

Know more about Heat Exchangers Market:

https://www.marketsandmarkets.com/Market-Reports/heat-exchanger-market-750.html

About MarketsandMarkets™  

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 painpoints 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.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/heat-exchanger-market.asp

Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

View Comments and Join the Discussion!