Various secondary sources such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the heat exchangers market. The primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of this market.
2. Heat Exchangers Market
Widely Accepted to Grow Due to Its Green and Energy Efficient Properties
A heat exchanger is a device designed to efficiently transfer heat from one
matter to another. It is used across various industries such as chemical,
petrochemical, oil & gas, HVAC, pulp & paper, and power generation. It plays a
major role in helping these industries increase their operational efficiency and
reduce energy consumption.
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Heat exchangers are integral part of chemical and petrochemical industries.
The chemical industry is the largest user of heat exchangers. Apart from the
chemical industry, they are widely used in petrochemical and oil & gas industry,
power generation, refrigeration, pharmaceuticals, HVAC, food & beverage
processing, and pulp paper industry. New emerging technologies and
regulations in certain regions have also helped in the growth of heat exchanger
industry. Innovative heat exchangers which can withstand corrosive chemicals
are gaining popularity.
The heat exchanger market has also been classified on the basis of material of
construction, temperature range, and fluid type; the market share for each type
of classification is described. The market for heat exchangers based on material
of construction is further segmented on the types of materials used for heat
exchangers with their market share.
The heat exchanger market is further segmented on the basis of type and
application. The major types of heat exchangers are shell & tube, plate & frame,
air-cooled, and printed circuit. The major applications of heat exchangers are
chemical, petrochemical and oil & gas, food & beverage, HVAC & Refrigeration,
pulp & paper, and power generation. These types and applications have been
discussed in detail in the report. Market share for major market participants has
also been described in the report.
3. The heat exchangers market in the U.S. accounted for the largest share of
80.2% in the North America heat exchangers market in 2014. The shell and
tube type heat exchangers accounted for the largest share in the North
American heat exchangers market.
Competitive scenarios of the top players in the North American heat exchangers
market have been discussed in detail. Leading players of this industry with their
recent developments and other strategic industry activities are profiled in this
market report. Some of the key manufacturers of heat exchangers are Tranter,
Inc. (U.S.), Xylem Inc. (U.S.), API Heat Transfer (U.S.), Modine Manufacturing
Company (U.S.), and SPX Corporation (U.S.), and others.
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