Heat Exchangers Market Trends 2019, Share Analysis, Size Forecast by 2025

China heat exchangers market is projected to achieve significant CAGR pushed by government focus toward development of new industrial centers along with upgradation and expansion of existing manufacturing facilities.

Selbyville, United States – April 29, 2019 /MarketersMedia/ —

Global Heat Exchangers Market is poised to surpass USD 13 Billion by 2025, as reported in the latest study by Global Market Insights, Inc. Rising demand for centralized heating & cooling across the commercial and residential sector will drive the heat exchanger market size. The increasing installations of WHRS across the industrial sector will further complement the business growth. Shifting regulatory landscape to curb carbon emissions on a global scale will thrust the deployment of heat transfer equipment.

Middle East & Africa heat exchangers market is predicted to expand over 7% by 2025. Rising investments from financial institutions, most notably the African Development Bank, in order to thrust the industrialization rate accompanied by resurgent economic growth will stimulate business expansion. Lucrative Oil & Gas sector across the region coupled with positive outlook toward expansion and development of the manufacturing units will further strengthen the product adoption in coming years.

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Shell & tube heat exchangers market will grow on account of its ability to offer low pressure drop, high efficiency and low cost. Primary metal manufacturing, oil & gas, food processing and electric power plants are some of the significant application areas where these systems are installed. Growing adoption of heat recovery systems across industrial sector along with rising investments toward expansion of chemical production facilities will stimulate the business growth over the forecast timeframe.

Rising government focus toward upgradation and development of new industrial centers coupled with expansion of existing manufacturing units will drive the China heat exchangers market. At present, the country accounts for over 40% of the global manufacturing value added and is rapidly emerging as a manufacturing hub. Increasing investment across metallurgy, chemical and Oil & Gas sectors coupled with rising urbanization rate will stimulate the industry growth.

Heat exchangers find prevalent applications across power generation, food & beverage, centralized heating & cooling, refining, chemical, and petrochemical industries amongst others. Rising focus toward energy optimization across food processing industry along with ongoing technological innovation to offer economically viable heat transfer solutions will stimulate the heat exchanger market growth.

Eminent industry participants in heat exchangers market include Kelvion, Southern Heat Exchanger, API, Danfoss, Vahterus, KNM, Wessels, Koch, Thermofin, Larsen & Toubro, Lanpec, Doosan, Shandong Beichen, HRS, Hitachi Zonsen, THT, Accessen Group, SWEP, Hisaka Works, IHI, Thermowave, SPX-Flow, Xylem, Alfa Laval and FUNKE.

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Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/heat-exchanger-market

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Source: MarketersMedia

Release ID: 507559