Dublin, May 31, 2022 (GLOBE NEWSWIRE) -- The "Heat Exchanger Market Size, Share & Trends Analysis Report by Product (Plate & Frame (Brazed, Gasketed, Welded), Shell & Tube, Air Cooled), by End Use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The global heat exchanger market size is expected to reach USD 26.78 billion by 2030. Rising demand from various industries, including chemical & petrochemical, and power generation, along with an increasing focus on improving efficiency standards in expected to drive the market at a CAGR of 5.1%. The presence of favorable government regulations in the emerging economies of China, India, Brazil, and Mexico about setting up new manufacturing facilities is expected to spur the demand for heat exchangers in various industries. In addition, upcoming nuclear power projects, particularly in the Asia Pacific, are anticipated to drive market growth during the forecast period. Technological advancements coupled with constant efforts and investments by major market participants in product innovation and research & development are expected to increase the market competitiveness over the coming years. The adoption of novel techniques of additive manufacturing in the production of heat exchangers is likely to complement industrial growth. The COVID-19 pandemic has severely impacted several economies worldwide. Containment measures, including lockdown imposed by various countries to curb the spread of COVID-19, have resulted in limiting the operations of the manufacturing facilities, thereby negatively impacting the demand for heat exchangers in 2020. Heat Exchanger Market Report Highlights
The demand for plate & frame heat exchangers is anticipated to witness growth at a CAGR of 5.6% from 2022 to 2030 on account of its simple & compact structure coupled with their ability to increase capacity easily by adding new plates to the system.
The product demand in the power generation industry accounted for a revenue share of 13.7% in 2021, owing to the increasing energy demand coupled with rising concerns about energy loss and growing focus on efficient thermal management in power plants.
The market in the Asia Pacific is likely to witness a CAGR of 6.2% during the forecast period owing to rapid industrialization coupled with the increasing investments in manufacturing projects and the expanding chemical & power generation industry in the region.
The demand for heat exchangers in Saudi Arabia is expected to witness a CAGR of 4.5% owing to the presence of a robust oil & gas industry coupled with the growth in the manufacturing sector attributed to the government's diversification efforts.
Key Topics Covered: Chapter 1. Methodology and Scope Chapter 2. Executive Summary Chapter 3. Heat Exchanger Market Variables, Trends & Scope 3.1. Market Segmentation & Scope 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.4. Regulatory Framework 3.5. Market Dynamics 3.5.1. Market Driver Analysis 3.5.2. Market Restraint Analysis 3.5.3. Industry Challenges 3.6. Business Environment Analysis 3.6.1. Industry Analysis-Porter's 3.6.1.1. Supplier Power 3.6.1.2. Buyer Power 3.6.1.3. Threat of Substitutes 3.6.1.4. Threat of New Entrant 3.6.1.5. Competitive Rivalry 3.6.2. PESTEL Analysis 3.6.2.1. Political Landscape 3.6.2.2. Environmental Landscape 3.6.2.3. Social Landscape 3.6.2.4. Technology Landscape 3.6.2.5. Economic Landscape 3.6.2.6. Legal Landscape Chapter 4. COVID-19 Impact Analysis Chapter 5. Heat Exchanger Market Product Estimates & Trend Analysis 5.1. Heat Exchanger Market: Product Movement Analysis & Market Share, 2021 & 2030 5.2. Plate & Frame Heat Exchanger 5.2.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 5.2.2. Plate & Frame Heat Exchanger Market Estimates & Forecasts, by Product, 2017-2030 (USD Million) 5.3. Shell & Tube Heat Exchanger 5.3.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 5.4. Air-Cooled Heat Exchanger 5.4.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 5.5. Others 5.5.1. Market Estimates & Forecasts, 2017-2030 (USD Million) Chapter 6. Heat Exchanger Market End-Use Estimates & Trend Analysis 6.1. Heat Exchanger Market: End-Use Movement Analysis & Market Share, 2021 & 2030 6.2. Chemical & Petrochemical 6.2.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 6.3. Oil & Gas 6.3.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 6.4. HVAC & Refrigeration 6.4.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 6.5. Power Generation 6.5.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 6.6. Food & Beverage 6.6.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 6.7. Pulp & Paper 6.7.1. Market Estimates & Forecasts, 2017-2030 (USD Million) 6.8. Others 6.8.1. Market Estimates & Forecasts, 2017-2030 (USD Million) Chapter 7. Heat Exchanger Market Regional Estimates & Trend Analysis Chapter 8. Competitive Analysis 8.1. Key Global Players & Recent Developments & Their Impact on the Industry 8.2. Key Company/Competition Categorization 8.3. Vendor Landscape 8.4. Company Dashboard Analysis 8.5. Public Companies 8.5.1. Company Market Position analysis 8.6. Private Companies 8.6.1. List of Key Emerging Companies and Their Geographical Presence Chapter 9. Company Profiles 9.1. Alfa Laval 9.1.1. Company Overview 9.1.2. Financial Performance 9.1.3. Product Benchmarking 9.1.4. Strategic Initiatives 9.2. Danfoss 9.2.1. Company Overview 9.2.2. Financial Performance 9.2.3. Product Benchmarking 9.2.4. Strategic Initiatives 9.3. Kelvion Holding GmbH 9.3.1. Company Overview 9.3.2. Financial Performance 9.3.3. Product Benchmarking 9.3.4. Strategic Initiatives 9.4. Guntner Group GmbH 9.4.1. Company Overview 9.4.2. Financial Performance 9.4.3. Product Benchmarking 9.4.4. Strategic Initiatives 9.5. Xylem Inc. 9.5.1. Company Overview 9.5.2. Financial Performance 9.5.3. Product Benchmarking 9.5.4. Strategic Initiatives 9.6. API Heat Transfer 9.6.1. Company Overview 9.6.2. Financial Performance 9.6.3. Product Benchmarking 9.6.4. Strategic Initiatives 9.7. Mersen 9.7.1. Company Overview 9.7.2. Financial Performance 9.7.3. Product Benchmarking 9.7.4. Strategic Initiatives 9.8. Hisaka Works, Ltd. 9.8.1. Company Overview 9.8.2. Financial Performance 9.8.3. Product Benchmarking 9.8.4. Strategic Initiatives 9.9. Chart Industries, Inc. 9.9.1. Company Overview 9.9.2. Financial Performance 9.9.3. Product Benchmarking 9.9.4. Strategic Initiatives 9.10. Johnson Controls International 9.10.1. Company Overview 9.10.2. Financial Performance 9.10.3. Product Benchmarking 9.10.4. Strategic Initiatives 9.11. HRS Heat Exchangers 9.11.1. Company Overview 9.11.2. Financial Performance 9.11.3. Product Benchmarking 9.11.4. Strategic Initiatives 9.12. SPX FLOW, Inc. 9.12.1. Company Overview 9.12.2. Financial Performance 9.12.3. Product Benchmarking 9.12.4. Strategic Initiatives 9.13. Funke Warmeaustauscher Apparantebau GmbH 9.13.1. Company Overview 9.13.2. Financial Performance 9.13.3. Product Benchmarking 9.13.4. Strategic Initiatives 9.14. Koch Heat Transfer Company 9.14.1. Company Overview 9.14.2. Financial Performance 9.14.3. Product Benchmarking 9.14.4. Strategic Initiatives 9.15. Southern Heat Exchanger Corporation 9.15.1. Company Overview 9.15.2. Financial Performance 9.15.3. Product Benchmarking 9.15.4. Strategic Initiatives For more information about this report visit https://www.researchandmarkets.com/r/3b5iyw
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