The report "Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), Classifications (MoC, Temperature Range & Fluid Type) and Geography - Forecast to 2021", The market size of heat exchanger is estimated to grow from USD 12.94 Billion in 2016 to USD 19.14 Billion by 2021, at a CAGR of 8.2%.

Browse 75 market data tables and 69 figures spread through 197 pages and in-depth TOC on “Heat Exchangers Market - Forecast to 2021”

Early buyers will receive 10% customization on this report.

The market is driven by the rising HVACR deployments, increasing power generation capacities, and rise in technological advances in heat exchangers. Asia-Pacific and Middle East & Africa are estimated to witness strong growth in the next five years. The demand across these regions is reinforced by the emerging markets, namely, China, India, and Saudi Arabia.

Chemical-The largest application market for heat exchanger

The chemical segment dominated the heat exchangers market with the maximum share in 2015. Heat exchangers have been successfully employed for years in the chemical industry for applications such as the heating and cooling of base, intermediate, and final products. With growing demand for chemicals in the developing economies, the market of heat exchangers is further expected to rise in in the forecast period.

Shell & Tube-The largest type market for heat exchanger

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. They offer a relatively large ratio of heat transfer area to volume, weight, and other additional advantages making them the most commonly used heat exchanger across all industry verticals. Increased government investments on commercial building & construction projects are driving the demand of HVACR equipments which in turn drives the demand of shell & tube heat exchangers, globally.

Europe-The largest market for heat exchanger

Europe which includes Western, Eastern, and Central Europe has always been a strong market for heat exchangers and, globally, this market has been a leader for heat exchangers with respect to demand as well as production capacity. This region has the presence of most of the global leaders in heat exchanger manufacturing. It has a relatively slow growth rate as a result of its dominant market size and slow economic activity as compared to the other regions. The demand in this region is boosted mainly due to the increased replacement demand for the heat exchangers.

Most active market players in the heat exchanger market

Alfa Laval AB (Sweden), Danfoss A/S (Denmark), , Kelvion Holdings Gmbh (Germany), 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) are the other most active players in the heat exchanger market.

Browse related Reports:

Cooling Tower Market by Type (Dry, Evaporative, Hybrid), by Design (Natural, Mechanical), by Construction Material (Concrete, Steel, FRP, Others), by Application (Power, HVACR, Food & Beverages, Others), by Region - Trends & Forecasts to 2020

Heat Transfer Fluids Market by Type (Mineral Oils, Silicone & Aromatics, PAG & Glycol Fluids, & Others), by Application (Oil & Gas, Chemical, CSP, Manufacturing Processes, Bio-Diesel, & Pharmaceutical), by Geography - Trends & Forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/thermic-fluid-market-861.html

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Markets and Markets 

UNIT no 802, Tower no. 7, SEZ

Magarpatta city, Hadapsar

Pune, Maharashtra 411013, India

1-888-600-6441

sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

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