Dublin, Aug. 26, 2021 (GLOBE NEWSWIRE) -- The "Heat Exchangers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global market for Heat Exchangers estimated at US$17.6 Billion in the year 2020, is projected to reach a revised size of US$23.2 Billion by 2027, growing at a CAGR of 4.1% over the analysis period 2020-2027.
Shell & Tube Heat Exchangers, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$6.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cooling Towers segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 5.4% CAGR
The Heat Exchangers market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2027 trailing a CAGR of 5.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Air Coolers Segment to Record 3.6% CAGR
In the global Air Coolers segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$3 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
COVID-19 Outbreak Poised to Dent Market Prospects in the Immediate Term
Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Heat Exchangers Market in Short Term
Heat Exchangers and Boilers to Play Crucial Role amid COVID-19 Pandemic
An Introduction to Heat Exchangers
Product Types and Segments
End-Use Market: A Brief Note
Key End-Use Industries for Heat Exchangers
Heat Exchangers: The Most Important & Ubiquitous Process Equipment in Industries
Global Heat Exchangers Market: Overview and Outlook
Playing Instrumental Role in Numerous Industries
Sophisticated Design Options for next-Generation, Eco-Friendly Heat Exchangers
3D Printing Unfolds Exciting Design Opportunities for Heat Exchangers
Segment Overview: Growing Need for Advanced Equipment Augurs Well for Shell & Tube Heat Exchanger Market
Strong Demand from End-Use Verticals Enables Heat Exchanger Market to Maintain Positive Trajectory in Long Term
Chemical Industry Commands Major Share
Oil & Gas Remains Major Application Segment for Heat Exchangers
Regional Analysis: Europe Secures Commanding Position in Global Heat Exchanger Market
Leading Players in the Global Plate Heat Exchangers Market (2020): Percentage Share Breakdown of Revenues for Alfa Laval and Others
Leading Players in the Global Compact Heat Exchangers Market (2020): Percentage Value Breakdown by Company
2. FOCUS ON SELECT PLAYERS (Total 454 Featured)
Air Products and Chemicals, Inc.
Alfa Laval AB
API Heat Transfer
Barriquand Technologies Thermiques
Funke Warmeaustauscher Apparatebau GMB
Guntner U.S. LLC
Harsco Industrial Air-X-Changers
Hisaka Works, Ltd.
HRS Heat Exchangers Ltd
Koch Heat Transfer Company
SPX Cooling Technologies, Inc.
SPX FLOW, Inc.
SWEP International AB
3. MARKET TRENDS & DRIVERS
Sustained Focus on Energy Efficiency in Modern Industrial Environments to Rev Up Opportunities for Heat Exchangers
Energy Efficiency & Cost Savings Step Up Market Opportunities for Compact Heat Exchangers
Energy Efficiency Benefits Drive Migration from Shell & Tube to Plate Heat Exchangers
Despite Slowdown in Demand, Chemical Industry to Remain the Dominant Consumer of Heat Exchangers
Critical Role of Heat Exchangers in the Power Generation/Utilities Sector Augurs Well
Continued Dominance of Coal & Move to Clean Coal Technologies to Drive the Importance of Heat Exchangers in Enabling Plant Efficiency & Emission Reduction
Focus on Renewable Energy: A Double Win for Heat Exchangers in the Energy Sector
Expected Revival of Nuclear Energy to Drive Opportunities in the Heat Exchangers Market
Wild Oil Prices Bring the Pain Back to the O&G Industry But Spurs the Emphasis on Productivity, Capital Efficiency & Ability to Break-Even at the Lowest Price
Structural Shocks & the Ensuing Permanent Break in Oil Prices to Push Demand for Underwater Heat Exchangers Further Beyond 2020
Medley of Factors Dole Out Challenges & Opportunities in Equal Measure for the Global Oil Refining Market
Healthy Market for Processed Food to Benefit Demand for Heat Exchangers in the Food Processing Sector
Stringent Wastewater Treatment Laws Provide Fertile Ground for Heat Exchanger Sales
Shortage of Freshwater Spurs Land Based Use of Seawater Heat Exchangers
Water Shortages to Drive Demand for Air Coolers
Heat Exchangers Find Increased Acceptance in Marine Industry
Heat Exchangers Remain Critical Elements of Modern Data Centers
Mining Industry Trends Continue to Discourage Heat Exchangers Market
Innovations in Cooling Tower Design and Technology Crucial to Future Market Growth
Supportive Innovative Technologies of Heat Exchangers
Artificial Intelligence (AI) Makes Its Revolutionary Presence Felt in the Heat Exchangers Market
Next-generation Factory Assembled Cooling Towers to Positively Impact Bottom Line of HVAC and Industrial Processes
Advancements in Plume Abatement Technologies and Drift Eliminators Address Environmental Concerns and Drive Healthy Demand
New Design and Material Innovations Increase Cooling Efficiency
Innovation in Heat Exchanger Flow Patterns, Fins & Grooves Infuse Vigor in the Market
R&D Focus on Material Science Helps Leverage Benefits of Newer Raw Materials
Focus on Intelligent Maintenance & Continuous Monitoring of Heat Exchangers Drives Opportunities for Replacement Demand
A Note on Industry Standards and Codes
Duct Cleaning and Air Conditioning Do Not Affect COVID-19 Transmission
Issues & Challenges
Low Awareness about Benefits of Building Energy Efficiency
Pricing and Distribution
Pricing Behavior by Product Segment
Steel as Raw Material Dominates
Pricing Behavior by End-Use Segment
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/tg9xix
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