According to a new market report published by
Lucintel, the future of the global heat exchanger market looks promising with opportunities
in the chemical, petrochemical and oil and gas applications. The global heat
exchanger market is expected to reach an estimated $21.3 billion by 2022 and it
is forecast to grow at a CAGR of 6.1% from 2017 to 2022. The major drivers of
growth for this market are rapid industrialization, a rise in HVACR
deployments, and stringent environmental regulations.
In this market, chemical, petrochemical and
oil and gas, paper and pulp, food and beverage, HVACR, and power generation are
the market segments by application. On the basis of product type, the market is
segmented into shell and tube, plate and frame, air-cooled, and others. On the
basis of its comprehensive research, Lucintel forecasts that the HVACR
application is expected to show above average growth during the forecast
period.
Within the global heat exchanger market, the shell
and tube segment is expected to remain the largest market. Increase in number
of oil field projects, and infrastructure development projects across all the
regions are the major factors that will spur growth for this segment over the
forecast period.
Europe is expected to remain the largest region
and Asia Pacific and Europe are expected to witness significant growth over the
forecast period due to stringent environmental regulations and increasing
awareness regarding installation of energy efficiency systems.
For business expansion, Lucintel’s report
suggests innovation and new product development to ensure smooth transmission
of heat to save energy costs. The report further suggests the development of
partnerships with customers to create win-win situations and the development of
low-cost solutions for customers.
Emerging trends which have a direct impact on
the dynamics of the industry include development of waste heat recovery heat
exchangers and introduction of exhaust gas re-circulation coolers. Alfa Laval
Corporate AB, Kelvion Holding GmbH, Xylem Inc., Danfoss A/S, and SPX
Corporation are the major heat exchanger suppliers in the global exchanger market.
Of these, several are seeking
mergers and acquisitions as strategic initiatives to drive growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global heat exchanger market by application, product type, and region, and has compiled
a comprehensive research report entitled “Growth
Opportunities in the Global Heat Exchanger Market 2017-2022: Trends, Forecast,
and Opportunity Analysis.”
The Lucintel report serves as a springboard for growth strategy because it
provides comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the growth opportunities in the
global heat exchanger market by application, product type and region, as follows:
By Application [$ Billion from 2011 to 2022]:
- Chemical
- Petrochemical and Oil and Gas
- HVACR
- Food and Beverage
- Power Generation
- Paper and Pulp
- Others
By Product Type [$ Billion from 2011 to 2022]:
- Shell and Tube
- Plate and Frame
- Air-Cooled
- Others
By region [$ Billion from 2011 to 2022]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This
181-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Energy
Market Report, Energy
Industry, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following key questions:
Q.1 What are
some of the most promising, high-growth opportunities for the heat exchanger
market by application (chemical, petrochemical and oil and gas, paper and pulp,
food and beverage, HVACR, power generation, and others), product type (shell
and tube, plate and frame, air-cooled and other), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Q.2 Which
segments will grow at a faster pace and why?
Q.3 Which region will
grow at a faster pace and why?
Q.4 What are
the key factors affecting market dynamics? What are the drivers, challenges,
and business risks in this market?
Q.5 What are the business risks and competitive
threats in this market?
Q.6 What
are the emerging trends in this market and reasons behind them?
Q.7 What
are some of the changing demands of customers in the market?
Q.8 What are
the new developments in the market? Which companies are leading these
developments?
Q.9 Who are the
major players in this market? What strategic initiatives are key players
pursuing for business growth?
Q.10 What are
some of the competing products in this market and how big of a threat do they pose
for loss of market share by materials / product substitution?
Q.11 What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
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