Heat Exchanger Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Heat Exchanger Market size is projected to reach a CAGR of 4.8% from 2023-2030.
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A heat exchanger refers to a device that is used for transferring heat from one fluid to another. It is used for controlling the temperature of a system or substance. It contains streams of hot and cold fluids, which are utilized to transfer thermal energy among the streams. They may be separated by a thermally conductive tube or plate or kept in direct contact if the fluids are immiscible.
These devices assist in heating or cooling buildings as well as enable the efficient functioning of engines and machines. As a result, they are widely utilized in boilers, furnaces, refrigerators, automotive radiators, sewage treatment, and air conditioning systems.
Delvens Industry Expert's Standpoint
The heat exchanger market is projected to witness significant growth during the forecast period due to various factors. One of the prime factors driving the market is the increasing demand for petrochemical products. Furthermore, there is an anticipated increase in demand from chemical HVACR, oil and gas industries, and government initiatives for the development of thermal and solar energy in countries such as Japan and India
Competitive Landscape: Heat Exchanger Market
• Alfa Laval
• API Heat Transfer Inc.
• Danfoss
• General Electric Company
• Hisaka Works
• IHI Corporation
• Johnson Controls
• Kelvion Holding GmbH
• Koch Industries
• Lytron Inc.
• Mersen
• Modine Manufacturing,
• Royal Hydraulics
• Sondex A/S
• Xylem Inc.
• Exchanger Industries Ltd
• BOYD Corp.
• Gunter Ltd
• Wabtec Corp.
• SPX Flow
• Lennox International Inc.
• Air Products Inc.
• Brask, Inc.
• Chart Industries
• Swep International AB
• Thermax Ltd
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Recent Developments
In 2021, ALFA LAVAL established a new facility in San Bonifacio, Italy, to produce brazed heat exchangers (BHE). The new facility will have additional capacity to meet the growing customer demand for heat exchangers. Moreover, the facility has an advanced research lab for refrigerant research and training centers. The company aims at increasing its production capacity and working in close collaborations with its customers.
In 2021, Kelvion invested USD 3.7 million for the second production facility in Tennessee, US. The company aims to expand in the US to meet the growing demand for heat exchangers in the data center and refrigeration industries in North America. Kelvion focuses on expanding its production capacities and reducing costs to improve its customer experience and product technology.
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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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