 Global Heat Exchanger Market Growth 2019-2024
      Global Heat Exchanger Market Growth 2019-2024Heat Exchangers is a piece of equipment built for efficient heat transfer from one medium to another. Heat exchangers are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.
The Heat Exchangers consumption volume was 1297.08 K Ton in 2017 and is expected to reach 1820.04 K Ton in 2022, growing at a CAGR of 7.01% from 2017 to 2022. Europe`s sales volume accounted for the highest market share (25.76%) in 2016, followed by the United States and Europe.
At present, the manufactures of Heat Exchangers are concentrated in USA, China, Europe, Asia Pacific (Except China) and India. Europe is the largest production area in the world, which occupied about 28.93% in 2016. The following areas are the USA and China. The global leading players in this market are Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, etc.
The Heat Exchangers are mainly used by Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating and Food Industry. The dominant applications of Heat Exchangers are Petrochemical and Electric Power & Metallurgy.
Despite the presence of competition problems, due to the increasing downstream demand of leading-edge, effective products, the government policy support of the relevant industry, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
According to this study, over the next five years the Heat Exchanger market will register a 5.9% CAGR in terms of revenue, the global market size will reach US$ 16900 million by 2024, from US$ 12000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Heat Exchanger business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Heat Exchanger market by product type, application, key manufacturers and key regions and countries.
This study considers the Heat Exchanger value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Shell & Tube Heat Exchanger
    Plate Heat Exchanger
    Air Cooled Heat Exchanger
    Other Types
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Petrochemical
    Electric Power & Metallurgy
    Shipbuilding Industry
    Mechanical Industry
    Central Heating
    Food Industry
    Other Applications
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    Alfa Laval
    Kelvion (GEA)
    SPX Corporation
    IHI
    Danfoss (Sondex)
    SPX-Flow
    DOOSAN
    API
    KNM
    Funke
    Xylem
    Thermowave
    Hisaka
    SWEP
    LARSEN & TOUBRO
    Accessen
    THT
    Hitachi Zosen
    LANPEC
    Siping ViEX
    Beichen
    Lanzhou LS
    Defon
    Ormandy
    FL-HTEP
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global Heat Exchanger consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Heat Exchanger market by identifying its various subsegments.
    Focuses on the key global Heat Exchanger manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Heat Exchanger with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Heat Exchanger submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on  Heat Exchanger . Industry analysis & Market Report on  Heat Exchanger  is a syndicated market report, published as Global Heat Exchanger Market Growth 2019-2024. It is complete Research Study and Industry Analysis of  Heat Exchanger  market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.