Rapid industrialization, strict Environmental Regulations and technological advancements are some of the key factors favouring the market growth.
According to Publisher, the Global Heat Exchangers Market accounted for $13.21 billion in 2016 and is expected to reach $24.95 billion by 2023 growing at a CAGR of 9.5% during the forecast period.
Increasing demand from nuclear power generation provides ample of opportunities for the market growth.
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By application, chemical segment commanded the largest market share during the forecast period.By geography, Asia Pacific is expected to grow at a fastest CAGR due to the rising government expenses on infrastructure expansion and increasing exploration activities in the oil & gas sector.
Some of the key players in Heat Exchangers market include Hindustan Dorr-Oliver Limited, Xylem Inc., Danfoss A/S, Sondex Holdings A/S, Guntner AG & Co. Kg, Alfa Laval AB, Modine Manufacturing Company, Hamon & CIE International SA, Kelvion Holdings GmbH, Hrs Heat Exchangers Ltd., SPX Corporation, Swep International AB, API Heat Transfer Inc., Hisaka Works Limited and Sierra S.P.A.
-Paper & pulp
-Food & beverage
-Petrochemical and oil & gas
-Plate & Frame
-Shell & Tube
- Finned Tube
Material of Constructions Covered:
-Other Material of Constructions
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- Rest of Europe
- New Zealand
- Rest of APAC
-Rest of the World
- Middle East
- South Africa
10.1 Hindustan Dorr-Oliver Limited
10.2 Xylem Inc.
10.3 Danfoss A/S
10.4 Sondex Holdings A/S
10.5 Guntner AG & Co. Kg
10.6 Alfa Laval AB
10.7 Modine Manufacturing Company
10.8 Hamon & CIE International SA
10.9 Kelvion Holdings GmbH
10.10 Hrs Heat Exchangers Ltd.
10.11 SPX Corporation
10.12 Swep International AB
10.13 API Heat Transfer Inc.
10.14 Hisaka Works Limited
10.15 Sierra S.P.A
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