Showing posts with label Heat Exchangers Market Industry. Show all posts
Showing posts with label Heat Exchangers Market Industry. Show all posts

Wednesday, 13 April 2016

Heat Exchangers Market 2014 - 2020

The global heat exchangers market has been witnessing a steady rise over the last few years. The massive growth in the power generation industries across the world has fueled the demand for heat exchangers remarkably. The rise in the investments in offshore exploration and production, together with the increasing uptake of power saving equipment and the augmenting focus on thermal efficacy, is also boosting this market significantly in the global arena.
According to a report published by Transparency Market Research (TMR), the worldwide heat exchangers market generated US$11.8 bn in 2013. Analysts project this market to expand at a healthy CAGR of 6.02% between 2014 and 2020 and reach an estimated value of US$18.04 bn by the end of 2023.
Massive Potential for Businesses in Aftersales Services to Drive Growth in Future
The massive potential for businesses in the aftersales services segment and the optimistic prospects for mergers, acquisitions, and strategic partnerships for participants in this market is expected to drive the growth of this market in the nearing future. The emergence of hybrid heat exchanger technology is also projected to present an opportunity-rich market for heat exchanger manufacturers over the next few years.
Currently, various governments of several countries, which are facing continuous shortage of energy, are focusing on increasing power generation activities in their economies to cater to the rising demand for power in various industries. This factor is also expected to boost the heat exchangers market in the global arena.
Air cooled exchangers, shell and tube, and plate and frame are the major products available in the global heat exchangers market. In 2014, the highest demand in the worldwide heat exchangers market was for shell and tubes. The rising number of oil fields and the upcoming projects for infrastructural development across the world have fueled the demand for shell and tubes significantly in the global arena.
Alfa Laval Introduces Optigo CCB
The global heat exchangers market is led by Mitsubishi Heavy Industries, Kelvion, SAACKE GmbH, Heatmaster BV, Alfa Laval Corporate AB, Atlas Copco, and Southwest Thermal Technology.
Alfa Laval, the Sweden-based manufacturers of heavy equipment, has recently announced the expansion of its Optigo range of air heat exchangers with the launch of Optigo CCB. With this addition, the company is now capable to meet all the demands from consumers for commercial refrigeration as well as deliver efficient cooling capacity for commercial cold-room storages in grocery shops, supermarkets, and restaurants with a much lowered power consumption.
Earlier this year, the company had introduced a novel data center cooling technology. According to the company, this new range has made it easier to provide optimum solutions for specific data center requirements.
Doosan Heavy Industries and Construction Co. Ltd., Hisaka Works Ltd., GEA Luftkühler Gmbh, SPX Corp., Kirloskar Brothers Ltd., Cummins Inc. and Aggreko Plc. are some other prominent players functioning in this market.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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Thursday, 25 February 2016

Rapid growth in power consumption by industries worldwide has substantially boosted the market for heat exchangers. Transparency Market Research (TMR), in its new report, titled “Heat Exchangers Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020,” studies the global heat exchangers market from the ground up, covering aspects such as market definition, segmentation, and factors impacting its growth trajectory.
Based on in-depth study, the report estimates that the global market for heat exchangers, which stood at US$11.86 bn in 2013, is likely to reach US$18 bn by the end of 2020. If the figures hold true, the global heat exchangers market will exhibit a CAGR of 6.02% between 2014 and 2020. Regionally, the market was led by Asia Pacific, which accounted for a share of 33.6%, valued at US$3.94 bn, in 2013. By 2020, the region is expected to reach an estimated market valuation of US$6.12 bn, rising at a positive 6.34% CAGR during the aforementioned forecast period.
With construction of infrastructure and potentially large oilfield development projects underway, the future of the heat exchangers market seems very impressive. The shell and tube heat exchangers segment is likely to dominate the market by the end of 2020, as the demand from chemicals and hydrocarbon sector rises.
The demand for heat exchangers increases in response to the growing need for maximizing thermal efficiency. Heat exchangers are an equipment built and designed to render efficient heat transmission from one medium to another. The media, however, may be separated by an obstruction such as a solid wall in order to prevent the materials being processed from mixing or coming into direct contact with one another, which could possibly have an adverse impact on the end product. Heat exchangers are most commonly spotted in an internal combustion engine, in which the engine coolant passes through radiator coils and air flows through the coils, cooling the coolant and ventilating the heat generated by the engine.
“Governments of several nations are currently facing the persisting problem of power shortages; hence, adopting measures to update their power generation capacity is imperative to satisfy the energy demand from the industrial and household sectors,” said a lead TMR analyst. “This creates an ideal situation for expansion of the global power industry, thereby fuelling demand from the heat exchangers market,” he added.
To mitigate the issue of power shortages several new power plants are in the process of being commissioned. The renewable energy sector has also gained robust momentum in the last couple years. This shows the rising interest of economies around the world in diversifying their energy portfolio and adopting renewable energy technologies to power industries and households in the forthcoming years. The situation thus holds incredible promise for enterprises operating in the heat exchangers market to look forward to.
Currently, the most prominent companies operating in the global market for heat exchangers are Hisaka Works Ltd., Alfa Laval Corporate AB, and SAACKE GmbH. Most of these enterprises operate through dealers and distributors. The product range they offer generally includes heavy-duty and portable heat exchangers.
The report studies the performance exhibited by the various product segments of the heat exchangers market and profiles the leading companies to provide an updated overview of the market’s prevailing dynamics and the growth trajectory it is likely to exhibit.
The global heat exchangers market has been segmented as below:
Global Heat Exchangers Market: By Geography
  • North America
  • Europe
  • Asia Pacific
  • RoW
Global Heat Exchangers Market: By Product Segment
  • Air Cooled
  • Plate and Frame
  • Shell and Tube
  • Others
Global Heat Exchanger Market: by End User Industry
  • HVAC
  • Chemicals
  • Power Generation
  • Others
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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