Heat Exchanger Market Highlights:-
Heat exchangers are devices used to transfer heat energy from one fluid to another. Heat exchangers find widespread use in power generation, chemical processing, electronics cooling, air-conditioning, refrigeration, and automotive applications. Heat exchangers used in abundantly in chemical and process industries. It is also used in automobiles in the form of radiators and oil coolers. It is most preferred and widely accepted equipment due to its green and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the Heat Exchangers Market .
Increasing stringent environmental regulations across the globe is the major factor driving the demand of market. Additionally, technological advancements in heat exchanger also have the positive influence on the growth of the market. However, fluctuating prices of raw material and high cost of synthetic may restrict the growth of the market.
Leading Key Players:-
The major player operating in the market of global heat exchanger are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Southern Heat Exchanger (U.S.), Danfoss A/S (Denmark), SPX Corporation (U.S.), Xylem Inc. (U.S.), API Heat Transfer Inc. (U.S), Gunter AG & Co. KG (Germany), Sierra S.p.A (Italy), and Hamon & Cie International SA (Belgium), Koch Heat Transfer Company (U.S.), and Hughes Anderson Heat Exchangers (U.S.).
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Industry News:-
In March, 2018 – To strengthen the company’s position in the North American market, Alfa Laval AB (Lund, Sweden) has approved the formation of a new production unit for brazed heat exchangers in Richmond, Virginia. U.S. The North American market for brazed heat exchangers, which shows a strong growth and poses a significant potential for Alfa Laval. With the launch of new factory, the supply structure and market position in of Alfa Laval AB in North America will be strengthened providing shorter lead times to the customers. Local manufacturing will lead to less transport, which reduces CO2 emissions. The new production unit will focus on configuration, assembly, brazing and testing. Production planned to start from Q1 2019.
In April, 2017 – Southern Heat Exchanger Co. (SHECO) has been expanding its operations in North America for more than a decade, and the past two years have been no exception. The company has invested in new equipment and processes as well as new facilities, adding a manufacturing facility in Tulsa, Oklahoma, and upgrading to a much larger and newer facility in Houston. All these upgrades and investments are undertaken with one goal in mind: to be the “First Choice” manufacturer of quality heat exchanger products in North America.
Regional Analysis of Heat Exchanger Market:-
Europe region is capturing the largest market share of heat exchanger market owing to robust presence in plate & frame heat exchangers with respect to demand as well as production capacity. Moreover, heating demand from the region due to the cold weather condition drives the market for heat exchangers.
Asia-Pacific is anticipated to witness sharp expansion and developments in heat exchanger market as compared to other geographical regions, mainly by virtue of growing industrialization and increasing demand from developing nations like China and India. China is likely to register huge developments in its heat exchanger market due to growing demand from chemical as well as refrigeration industries.
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Major Points From Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
To be continued……….
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