While Tabular Heat Exchangers market account for Lion's share of over 50% of the global Heat Exchangers market, Plate Type Heat Exchangers market is poised to post the fastest 2019-2025 CAGR of 8% and reach a projected US$6.8 billion by 2025 from a forecast US$4.3 billion in 2019. The overall global market for Heat Exchangers is expected to exceed US$16 billion in 2019.
The recent past has witnessed significant developments in the global heat exchangers market. The environment-friendly and energy-efficient properties of these devices have made them an indispensable component of several industrial applications. Increasing prices of energy have resulted in the growing demand for heat exchangers and these devices play a key role in saving energy in many industries, such as chemical, petrochemical, petroleum refining and power.
KEY MARKET TRENDS
Newly Developed Cermet Offers Improved Heat Exchange in Solar Plants
Plate Heat Exchanger Applications Growing
Development of High Temperature Heat Exchangers on the Rise
High Temperature Heat Exchanger Manufacturing Turns to Advanced Techniques
Ceramics as Alternative Materials for High Temperature Heat Exchangers
Innovative Manifold-Microchannel Heat Exchangers Developed for Better Gas-to-Gas Heat Transfer Applications
Demand for Heat Exchangers Based on Polymers Catching Up
KEY GLOBAL PLAYERS
Accessen Group Co., Ltd. (China)
Alfa Laval Corporate AB (Sweden)
Tranter, Inc. (United States)
API Heat Transfer, Inc. (United States)
Danfoss A/S (Denmark)
Sondex Holdings A/S (Denmark)
Fischer Maschinen- U. Apparatebau GmbH (Austria)
FUNKE Heat Exchanger Apparatebau GmbH (Germany)
GEA Group Aktiengesellschaft (Germany)
Gunther GmbH (Germany)
Hamon & CIE International SA (Belgium)
IHI Corporation (Japan)
Johnson Controls International Plc (Ireland)
Kelvion Holding GmbH (Germany)
Koch Heat Transfer Company, LP (United States)
Larsen & Toubro Limited (India)
Mersen Group (France)
Modine Manufacturing Company (United States)
SPX Cooling Technologies, Inc. (United States)
SPX Flow, Inc. (United States)
SWEP International AB (Sweden)
Thermax Limited (India)
Wessels Company (United States)
KEY BUSINESS AND PRODUCT TRENDS
Aggreko to Open New Depot in Greater Noida, India
Lu-Ve to Takeover Lion's Share in Alfa Laval's Air Heat Exchanger Business for over 66 Million
Addition of Hydrofluoroether Boosts the Heat Exchange Capacity of HVAC Systems
Fiorini Industries' Set 2.0 Plug & Play Model with an L Control Unit for Domestic Hot Water
Nippon Light Metal Company Acquires Modine's Share in Nikkei Heat Exchanger Company Joint Venture
HRS' Turnkey Cooling Systems for Ready Foods
Alfa Laval to Enter Into Fleet Agreement with SEK
HRS Showcases Thermblock Heat Exchangers for Food Industry
Inauguration of Alfa Laval's New Richmond Production Unit for Brazed Heat Exchangers
Inauguration of Alfa Laval's Spiral Heat Exchanger Manufacturing Center in Broken Arrow
Tranter, Inc Launches NovusBloc Series of Welded Plate Heat Exchanger
Aggreko to Enter Into a Cooperation Agreement with Wrtsil on Power Plant
Assets of Harsco's Industrial Air-X-Changers Business Purchased by Chart Industries
Vahterus OY Heat Exchanger Solutions Wins Over Broken Welded Plate & Frame Heat Exchangers
Launch of Alfa Laval's New Wide Opening Design Plates in Packinox Heat Exchangers
Launch of Alfa Laval's Latest Technology for Fuel Gas Systems
Alfa Laval Launches New Wide Opening Design Plates in Packinox Heat Exchangers
Launch of Alfa Laval's New Gas-To-Liquid Plate Heat Exchangers, a Revolution for Gas Cooling
Alfa Laval Concludes the Sale of Air Heat Exchanger Business to the LU-VE Group
Danfoss' SW19-59 Range of Semi-Welded Plate Heat Exchangers for Industrial Refrigeration
SWEP's Most Recent Brazed Plate Heat Exchangers Displayed at ACREX India
HRS to Unveil New S Series Heat Exchangers to Reduce Contamination Risks
Launch of Mitsubishi Electric's New Range of 5-star Air Conditioners with Optimized Heat Exchanger
New HRS SP Series Heat Exchangers for Pharmaceutical Applications
Danfoss and Nelumbo Form Technology Deployment Pact
API Heat Transfer Partnered With the New Investor Group
Kelvion Introduces Two New Products: The Exhaust Gas Heat Exchanger and the EcoMi Modular Economizer
Kelvion to Launch a New Kelvion Plate Heat Exchanger NP150X
Alfa Laval Signed Technology Acquisition Deal with Airec
Kelvion's New Double Tube Safety Heat Exchanger for the High-Pressure Area
HRS Launches New Biogas Dehumidification System (BDS) for Biogas Water Removal
Alfa Laval Packinox enters Honeywell Connected Plant Initiative
Rocore Group Acquired by Kelvion
Bitzer and Gntner form Heat Exchanger Distribution Pact
Alfa Laval's Shell-and-Tube Heat Exchanger Segment Acquired by Bitzer
Launch of Unicus Series from HRS Heat Exchangers
New City Multi YNW Variable Refrigerant Flow System from Mitsubishi Electric
Alfa Laval Unveils New Production Unit in US for Brazed Heat Exchangers
Mutares Subsidiary Balcke-Drr Group to Acquire Heat Transfer Product (HTP) Division of STF
Kelvion's Plate Heat Exchangers for Maritime Operations
Mutares to Takeover Donges Steeltec
Kelvion ProEquip Tube H Shell-And-Tube Heat Exchanger for Industrial CIP Cleaning Systems
Tranter, Inc Selects AREVA NP as Distributor Partner
Xylem, Inc. Shifts its Heat Exchanger Manufacture Base to Axminster, UK
Display of Kelvion ProEquip Tube Heat Exchangers at Drinktec
Paul Mueller Company's New Facility in the Netherlands Makes Plate Heat Exchangers
Mutares to Acquire Balcke-Drr
Thermex Ltd Develops Heat Exchanger for Seakeeper, Inc
Hitachi Zosen Builds a New Array Ultrasonic Testing (PA-UT) Technology for Heat Exchangers
Air Products to Celebrate the Launch of the First LNG Heat Exchanger Unit at New Facility
Danfoss Acquires Sondex Holding to Expand Heat Transfer Solutions Portfolio
Danfoss to Reinforce its Global Market Position for Heat Transfer Solutions
Cummins Unveils the SmartEfficiency Initiative for Transit Bus
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Links:
Author: Copyright GlobeNewswire, Inc. 2016. All rights reserved. You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.