DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The heat exchangers market 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 heat exchangers market is projected to grow at a CAGR of 6.0% during the forecast period
Heat exchangers are environmentally-friendly, and they offer advantages, such as high operating efficiency and reduced energy consumption owing to which heat exchangers have high demand across a wide range of industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, chemical, and HVACR.
Energy segment is expected to be the fastest-growing end-use industry of the heat exchangers market during the forecast period
The energy industry segment is expected to grow at the highest CAGR between 2019 and 2024. The growth of this segment can be attributed to the expansion activities across upstream and downstream processing plants across the petrochemical and oil & gas sector. Growth in the exports of crude oil supported by the increased demand for fuel and petrochemical products is a major driving force for the heat exchangers market globally.
APAC is projected to be the fastest-growing market for heat exchangers during the forecast period
APAC is projected to be the fastest-growing market for heat exchangers, in terms of value during the forecast period. China and India are two major markets for heat exchangers in Asia Pacific. The growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for heat exchangers in China and India.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
Reasons to Buy the Report:
- This report segments the heat exchangers market and provides the closest approximations of the overall market size for its segments across different verticals and regions.
- This report is expected to help stakeholders understand the pulse of the market and provide information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
- This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product launch, acquisition, and expansion.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Global Heat Exchangers Market
4.2 Heat Exchangers Market in APAC, 2018
4.3 Heat Exchangers Market, By Type
4.4 Heat Exchangers Market, By End-Use Industry
4.5 Heat Exchangers Market Growth Rate, By Country
5 Market Overview
5.2 Porter's Five Forces
5.3 Raw Material Analysis
6 Heat Exchangers Market, By Type
6.2 Shell & Tube Heat Exchangers
6.3 Plate & Frame Heat Exchangers
6.4 Air Cooled Heat Exchangers
7 Heat Exchangers Market, By End-Use Industry
7.4 HVAC and Refrigeration
7.5 Food & Beverage
7.6 Power Generation
7.7 Pulp & Paper
8 Heat Exchangers Market, By Region
8.2 North America
8.5 Middle East & Africa
8.6 South America
9 Competitive Landscape
9.2 Competitive Leadership Mapping, 2018
9.3 Market Ranking of Key Players, 2018
9.4 Competitive Scenario
10 Company Profile
10.1 Alfa Laval
10.2 Kelvion Holdings
10.5 API Heat Transfer
10.6 Chart Industries, Inc.
10.8 Hindustan Dorr-Oliver
10.9 Hisaka Works
10.10 Johnson Controls International
10.11 Other Companies
10.11.1 Hrs Heat Exchangers
10.11.3 Swep International
10.11.5 Thermax Global
10.11.6 Koch Heat Transfer Company
10.11.7 Barriquand Technologies
10.11.8 Funke Warmeaustauscher Apparatebau
10.11.10 Radiant Heat Exchanger
10.11.11 Smart Heat Incorporated
10.11.12 Doosan Corporation
10.11.13 Air Products and Chemicals
For more information about this report visit https://www.researchandmarkets.com/r/vj02z0