Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Paper & pulp), and Region - Global Forecast to 2022
出 版 商：MarketsandMarkets
出版日期：2017/06/30
頁 數：141頁
文件格式：PDF
價 格：
USD 5,650 (Single-User License)
USD 6,650 (Multi-User License)
USD 8,150 (Global-User License)
USD 6,650 (Multi-User License)
USD 8,150 (Global-User License)
“Increasing investments in chemical and HVACR industries drive the heat exchangers market”
The market size of heat exchangers is estimated to reach USD 20.65 billion by 2022, at a CAGR of 8.3% from 2017 to 2022. Heat exchangers offer various advantages, such as high operating efficiency and reduced energy consumption. The heat exchanger market is spread across a wide range of end-use industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR.
“HVACR is one of the fastest-growing applications of heat exchanger”
The HVACR application segment is projected to grow at the highest CAGR from 2017 to 2022. The high growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems.
“Rising demand from Asia Pacific is a major driver of the heat exchanger market“
Asia Pacific is expected to be the fastest-growing market for heat exchangers in terms of value during the forecast period. China and India are the two major markets for heat exchangers in Asia Pacific. The high 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 both 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.
The break-up of primary interviews is given below.
‧ By Company Type: Tier 1 – 33%, Tier 2 – 60%, and Others – 7%
‧ By Designation: C level – 56%, Director level – 33%, and Others –- 11%
‧ By Region: North America – 17%, Europe – 33%, Asia-Pacific – 25%, Middle East & Africa – 17%, and South America – 8%
The key companies profiled in this market research report are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), SPX Corporation (US), Xylem Inc. (US), API Heat Transfer Inc. (US), 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 (US), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark).
Research Coverage
The market is segmented based on type, application, and region. This report covers the heat exchangers market, in terms of value and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the global heat exchangers market.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the heat exchanger market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.
The market size of heat exchangers is estimated to reach USD 20.65 billion by 2022, at a CAGR of 8.3% from 2017 to 2022. Heat exchangers offer various advantages, such as high operating efficiency and reduced energy consumption. The heat exchanger market is spread across a wide range of end-use industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR.
“HVACR is one of the fastest-growing applications of heat exchanger”
The HVACR application segment is projected to grow at the highest CAGR from 2017 to 2022. The high growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems.
“Rising demand from Asia Pacific is a major driver of the heat exchanger market“
Asia Pacific is expected to be the fastest-growing market for heat exchangers in terms of value during the forecast period. China and India are the two major markets for heat exchangers in Asia Pacific. The high 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 both 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.
The break-up of primary interviews is given below.
‧ By Company Type: Tier 1 – 33%, Tier 2 – 60%, and Others – 7%
‧ By Designation: C level – 56%, Director level – 33%, and Others –- 11%
‧ By Region: North America – 17%, Europe – 33%, Asia-Pacific – 25%, Middle East & Africa – 17%, and South America – 8%
The key companies profiled in this market research report are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), SPX Corporation (US), Xylem Inc. (US), API Heat Transfer Inc. (US), 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 (US), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark).
Research Coverage
The market is segmented based on type, application, and region. This report covers the heat exchangers market, in terms of value and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the global heat exchangers market.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the heat exchanger market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.
TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED IN THE REPORT 14
1.4 CURRENCY 14
1.5 LIMITATIONS 14
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 18
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 27
4.1 SIGNIFICANT MARKET OPPORTUNITIES IN THE HEAT EXCHANGERS MARKET 27
4.2 HEAT EXCHANGERS MARKET IN ASIA PACIFIC REGION, BY APPLICATION AND COUNTRY 28
4.3 HEAT EXCHANGERS MARKET, BY REGION (2016) 29
4.4 HEAT EXCHANGERS MARKET, BY APPLICATION 29
5 MARKET OVERVIEW 30
5.1 INTRODUCTION 31
5.1.1 DRIVERS 32
5.1.1.1 Surging energy prices 32
5.1.1.2 Rising demand from the developing markets of Asia-Pacific 33
5.1.1.3 Stringent environmental regulations driving the demand for heat exchangers 33
5.1.1.4 Rise in HVACR deployments and growth in industrial activities 33
5.1.1.5 Technological advancements in heat exchangers market 34
5.1.2 RESTRAINTS 34
5.1.2.1 Sluggish growth of the heat exchangers market in Europe and North America 34
5.1.3 OPPORTUNITIES 35
5.1.3.1 Growing demand for nuclear power generation 35
5.1.3.2 Large aftermarket for heat exchangers 35
5.1.4 CHALLENGES 35
5.1.4.1 Fluorinated greenhouse gases regulations 35
5.2 RAW MATERIAL ANALYSIS 36
5.2.1 STEEL 36
5.2.2 NON-STEEL 37
5.3 PORTER’S FIVE FORCES 38
5.3.1 THREAT OF NEW ENTRANTS 39
5.3.2 THREAT OF SUBSTITUTES 39
5.3.3 BARGAINING POWER OF BUYERS 39
5.3.4 BARGAINING POWER OF SUPPLIERS 40
5.3.5 INTENSITY OF RIVALRY 40
6 HEAT EXCHANGERS MARKET, BY TYPE 41
6.1 INTRODUCTION 42
6.2 SHELL & TUBE HEAT EXCHANGERS 43
6.2.1 TUBULAR HEAT EXCHANGERS 43
6.3 PLATE & FRAME HEAT EXCHANGERS 43
6.3.1 GASKETED PLATE & FRAME HEAT EXCHANGERS 43
6.3.2 WELDED PLATE & FRAME HEAT EXCHANGERS 43
6.3.3 BRAZED HEAT EXCHANGERS 44
6.4 AIR COOLED HEAT EXCHANGERS 44
6.5 OTHERS 44
6.5.1 EXTENDED SURFACE HEAT EXCHANGERS 44
6.5.2 REGENERATIVE HEAT EXCHANGERS 44
7 HEAT EXCHANGERS MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 CHEMICAL 47
7.3 PETROCHEMICAL AND OIL & GAS 47
7.4 HVACR 47
7.5 FOOD & BEVERAGE 48
7.6 POWER GENERATION 48
7.7 PAPER & PULP 48
8 HEAT EXCHANGERS MARKET, BY MATERIAL OF CONSTRUCTION,
TEMPERATURE RANGE & FLUID TYPE 49
8.1 INTRODUCTION 50
8.1.1 STEEL HEAT EXCHANGERS 51
8.1.2 NON-STEEL HEAT EXCHANGERS 51
8.2 FLUID TYPE: WATER-BASED & THERMIC FLUIDS 52
8.3 TEMPERATURE RANGE 53
9 GRAPHITE HEAT EXCHANGERS MARKET 54
9.1 INTRODUCTION 55
9.1.1 CUBIC HEAT EXCHANGERS 55
9.1.2 GRAPHITE BLOCK HEAT EXCHANGERS 55
9.1.3 POLYTUBE GRAPHITE SHELL & TUBE BLOCK HEAT EXCHANGERS 55
10 PRINTED CIRCUIT HEAT EXCHANGERS MARKET 57
10.1 INTRODUCTION 58
11 HEAT EXCHANGERS MARKET, BY REGION 59
11.1 INTRODUCTION 60
11.2 NORTH AMERICA 62
11.2.1 US 64
11.2.2 CANADA 65
11.3 ASIA PACIFIC 67
11.3.1 CHINA 69
11.3.2 INDIA 70
11.3.3 JAPAN 71
11.3.4 SOUTH KOREA 73
11.3.5 MALAYSIA 74
11.3.6 REST OF ASIA PACIFIC 75
11.4 WESTERN EUROPE 76
11.4.1 GERMANY 77
11.4.2 FRANCE 78
11.4.3 ITALY 80
11.4.4 UK 80
11.4.5 SWEDEN 81
11.4.6 REST OF WESTERN EUROPE 82
11.5 CENTRAL & EASTERN EUROPE 84
11.5.1 RUSSIA 85
11.5.2 TURKEY 86
11.5.3 REST OF CENTRAL & EUROPE 87
?
11.6 MIDDLE EAST & AFRICA 88
11.6.1 SAUDI ARABIA 89
11.6.2 REST OF MIDDLE EAST & AFRICA 91
11.7 SOUTH AMERICA 92
11.7.1 BRAZIL 93
11.7.2 REST OF SOUTH AMERICA 94
12 COMPETITIVE LANDSCAPE 96
12.1 INTRODUCTION 96
12.1.1 DYNAMIC DIFFERENTIATOR 96
12.1.2 INNOVATORS 96
12.1.3 VISIONARY LEADERS 96
12.1.4 EMERGING COMPANIES 96
12.2 COMPETITIVE BENCHMARKING 97
12.2.1 STRENGTH OF PRODUCT PORTFOLIO 98
12.2.2 BUSINESS STRATEGY EXCELLENCE 99
12.3 MARKET RANKING OF KEY PLAYERS 100
13 COMPANY PROFILE 102
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
13.1 ALFA LAVAL AB 102
13.2 KELVION HOLDINGS GMBH 107
13.3 DANFOSS A/S 110
13.4 SPX CORPORATION 113
13.5 XYLEM INC. 115
13.6 API HEAT TRANSFER INC. 118
13.7 GUNTNER GMBH & CO. KG 120
13.8 HAMON & CIE INTERNATIONAL 122
13.9 HINDUSTAN DORR-OLIVER LTD. 125
13.10 HISAKA WORKS, LTD. 127
13.11 OTHER KEY PLAYERS 129
13.11.1 HRS HEAT EXCHANGERS LTD. 129
13.11.2 MODINE MANUFACTURING COMPANY 129
13.11.3 SIERRA S.P.A. 129
13.11.4 SWEP INTERNATIONAL AB 129
13.11.5 MERSEN 129
13.11.6 THERMAX GLOBAL 129
13.11.7 KOCH HEAT TRANSFER COMPANY 129
13.11.8 GEA GROUP AKTIENGESELLSCHAFT 130
13.11.9 HARSCO INDUSTRIAL AIR-X-CHANGERS 130
13.11.10 BARRIQUAND TECHNOLOGIES 130
13.11.11 TRANTER INC. 130
13.11.12 FUNKE WARMEAUSTAUSCHER APPARATEBAU GMBH 130
13.11.13 VAHTERUS 130
13.11.14 RADIANT HEAT EXCHANGER PVT. LTD. 131
13.11.15 SMART HEAT INCORPORATED 131
*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 132
14.1 INSIGHTS FROM INDUSTRY EXPERTS 132
14.2 DISCUSSION GUIDE 133
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 135
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 137
14.5 RELATED REPORTS 138
14.6 AUTHOR DETAILS 139
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED IN THE REPORT 14
1.4 CURRENCY 14
1.5 LIMITATIONS 14
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 18
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 27
4.1 SIGNIFICANT MARKET OPPORTUNITIES IN THE HEAT EXCHANGERS MARKET 27
4.2 HEAT EXCHANGERS MARKET IN ASIA PACIFIC REGION, BY APPLICATION AND COUNTRY 28
4.3 HEAT EXCHANGERS MARKET, BY REGION (2016) 29
4.4 HEAT EXCHANGERS MARKET, BY APPLICATION 29
5 MARKET OVERVIEW 30
5.1 INTRODUCTION 31
5.1.1 DRIVERS 32
5.1.1.1 Surging energy prices 32
5.1.1.2 Rising demand from the developing markets of Asia-Pacific 33
5.1.1.3 Stringent environmental regulations driving the demand for heat exchangers 33
5.1.1.4 Rise in HVACR deployments and growth in industrial activities 33
5.1.1.5 Technological advancements in heat exchangers market 34
5.1.2 RESTRAINTS 34
5.1.2.1 Sluggish growth of the heat exchangers market in Europe and North America 34
5.1.3 OPPORTUNITIES 35
5.1.3.1 Growing demand for nuclear power generation 35
5.1.3.2 Large aftermarket for heat exchangers 35
5.1.4 CHALLENGES 35
5.1.4.1 Fluorinated greenhouse gases regulations 35
5.2 RAW MATERIAL ANALYSIS 36
5.2.1 STEEL 36
5.2.2 NON-STEEL 37
5.3 PORTER’S FIVE FORCES 38
5.3.1 THREAT OF NEW ENTRANTS 39
5.3.2 THREAT OF SUBSTITUTES 39
5.3.3 BARGAINING POWER OF BUYERS 39
5.3.4 BARGAINING POWER OF SUPPLIERS 40
5.3.5 INTENSITY OF RIVALRY 40
6 HEAT EXCHANGERS MARKET, BY TYPE 41
6.1 INTRODUCTION 42
6.2 SHELL & TUBE HEAT EXCHANGERS 43
6.2.1 TUBULAR HEAT EXCHANGERS 43
6.3 PLATE & FRAME HEAT EXCHANGERS 43
6.3.1 GASKETED PLATE & FRAME HEAT EXCHANGERS 43
6.3.2 WELDED PLATE & FRAME HEAT EXCHANGERS 43
6.3.3 BRAZED HEAT EXCHANGERS 44
6.4 AIR COOLED HEAT EXCHANGERS 44
6.5 OTHERS 44
6.5.1 EXTENDED SURFACE HEAT EXCHANGERS 44
6.5.2 REGENERATIVE HEAT EXCHANGERS 44
7 HEAT EXCHANGERS MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 CHEMICAL 47
7.3 PETROCHEMICAL AND OIL & GAS 47
7.4 HVACR 47
7.5 FOOD & BEVERAGE 48
7.6 POWER GENERATION 48
7.7 PAPER & PULP 48
8 HEAT EXCHANGERS MARKET, BY MATERIAL OF CONSTRUCTION,
TEMPERATURE RANGE & FLUID TYPE 49
8.1 INTRODUCTION 50
8.1.1 STEEL HEAT EXCHANGERS 51
8.1.2 NON-STEEL HEAT EXCHANGERS 51
8.2 FLUID TYPE: WATER-BASED & THERMIC FLUIDS 52
8.3 TEMPERATURE RANGE 53
9 GRAPHITE HEAT EXCHANGERS MARKET 54
9.1 INTRODUCTION 55
9.1.1 CUBIC HEAT EXCHANGERS 55
9.1.2 GRAPHITE BLOCK HEAT EXCHANGERS 55
9.1.3 POLYTUBE GRAPHITE SHELL & TUBE BLOCK HEAT EXCHANGERS 55
10 PRINTED CIRCUIT HEAT EXCHANGERS MARKET 57
10.1 INTRODUCTION 58
11 HEAT EXCHANGERS MARKET, BY REGION 59
11.1 INTRODUCTION 60
11.2 NORTH AMERICA 62
11.2.1 US 64
11.2.2 CANADA 65
11.3 ASIA PACIFIC 67
11.3.1 CHINA 69
11.3.2 INDIA 70
11.3.3 JAPAN 71
11.3.4 SOUTH KOREA 73
11.3.5 MALAYSIA 74
11.3.6 REST OF ASIA PACIFIC 75
11.4 WESTERN EUROPE 76
11.4.1 GERMANY 77
11.4.2 FRANCE 78
11.4.3 ITALY 80
11.4.4 UK 80
11.4.5 SWEDEN 81
11.4.6 REST OF WESTERN EUROPE 82
11.5 CENTRAL & EASTERN EUROPE 84
11.5.1 RUSSIA 85
11.5.2 TURKEY 86
11.5.3 REST OF CENTRAL & EUROPE 87
?
11.6 MIDDLE EAST & AFRICA 88
11.6.1 SAUDI ARABIA 89
11.6.2 REST OF MIDDLE EAST & AFRICA 91
11.7 SOUTH AMERICA 92
11.7.1 BRAZIL 93
11.7.2 REST OF SOUTH AMERICA 94
12 COMPETITIVE LANDSCAPE 96
12.1 INTRODUCTION 96
12.1.1 DYNAMIC DIFFERENTIATOR 96
12.1.2 INNOVATORS 96
12.1.3 VISIONARY LEADERS 96
12.1.4 EMERGING COMPANIES 96
12.2 COMPETITIVE BENCHMARKING 97
12.2.1 STRENGTH OF PRODUCT PORTFOLIO 98
12.2.2 BUSINESS STRATEGY EXCELLENCE 99
12.3 MARKET RANKING OF KEY PLAYERS 100
13 COMPANY PROFILE 102
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
13.1 ALFA LAVAL AB 102
13.2 KELVION HOLDINGS GMBH 107
13.3 DANFOSS A/S 110
13.4 SPX CORPORATION 113
13.5 XYLEM INC. 115
13.6 API HEAT TRANSFER INC. 118
13.7 GUNTNER GMBH & CO. KG 120
13.8 HAMON & CIE INTERNATIONAL 122
13.9 HINDUSTAN DORR-OLIVER LTD. 125
13.10 HISAKA WORKS, LTD. 127
13.11 OTHER KEY PLAYERS 129
13.11.1 HRS HEAT EXCHANGERS LTD. 129
13.11.2 MODINE MANUFACTURING COMPANY 129
13.11.3 SIERRA S.P.A. 129
13.11.4 SWEP INTERNATIONAL AB 129
13.11.5 MERSEN 129
13.11.6 THERMAX GLOBAL 129
13.11.7 KOCH HEAT TRANSFER COMPANY 129
13.11.8 GEA GROUP AKTIENGESELLSCHAFT 130
13.11.9 HARSCO INDUSTRIAL AIR-X-CHANGERS 130
13.11.10 BARRIQUAND TECHNOLOGIES 130
13.11.11 TRANTER INC. 130
13.11.12 FUNKE WARMEAUSTAUSCHER APPARATEBAU GMBH 130
13.11.13 VAHTERUS 130
13.11.14 RADIANT HEAT EXCHANGER PVT. LTD. 131
13.11.15 SMART HEAT INCORPORATED 131
*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 132
14.1 INSIGHTS FROM INDUSTRY EXPERTS 132
14.2 DISCUSSION GUIDE 133
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 135
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 137
14.5 RELATED REPORTS 138
14.6 AUTHOR DETAILS 139
