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%. 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
• Shell & Tube-The largest type market for heat exchanger
• Europe-The largest market for heat exchanger
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.
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