Asia Pacific is expected to be the fastest-growing market for heat exchangers in terms of value during the forecast period. China and India are the two major markets for heat exchangers in Asia Pacific. The high growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for heat exchangers in both China and India.
Access Brochure of Heat Exchangers Market spread across 160 Pages, Profiling 25 Companies and Supported with 73 Tables and 37 Figures is now available at www.rnrmarketresearch.com/contact…ame=105863 .
Asia Pacific is expected to be the fastest-growing market for heat exchangers in terms of value during the forecast period. China and India are the two major markets for heat exchangers in Asia Pacific.
The high growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for heat exchangers in both China and India.
Key Target Audience:
- Manufacturers of Heat Exchanger
- Traders, Distributors, and Heat Exchanger Suppliers
- Regional Manufacturer Associations and General Heat Exchanger Associations
- Government and Regional Agencies And Research Organizations
- Investment Research Firms
The global heat exchangers market has been witnessing many developments over the past few years. Heat exchangers are preferred and widely accepted equipment due to its eco-friendly and energy-efficient properties.
The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers, globally.
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The heat exchangers market are used in various applications, such as chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, and paper & pulp. In 2016, the chemical segment is estimated to account for the largest market share among all the applications, in terms of value, followed by petrochemical and oil & gas, and HVACR.
The HVACR application segment is estimated to grow at the highest during the forecast period.
The break-up of primary interviews is given below.
- By Company Type - Tier 1 – 37%, Tier 2 – 47%, and Tier 3 – 16%
- By Designation - C level – 46%, Director level – 36%, and Others – 18%
- By Region - North America – 26%, Europe – 30%, Asia-Pacific – 22%, Middle East & Africa – 9%, and South America –13%.
The key companies profiled in this market research report are Alfa Laval AB(Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), SPX Corporation (US), Xylem Inc.(US), API Heat Transfer Inc. (US), Gunter AG & Co. KG (Germany), Hamon & Cie International SA (Belgium), Hindustan Dorr-Oliver Limited (India), Hisaka Works Limited (Japan), HRS Heat Exchangers (India), Modine Manufacturing Company (US), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark).
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Asia Pacific, North America, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa are considered as the main regions in the heat exchangers market in the report. Currently, North America is the largest market for heat exchangers, with the maximum share of the global market.
The region has huge installed plant capacities of heat exchangers and is an export-based heat exchangers market. The heat exchangers market is emerging in various countries such as China, India, Saudi Arabia, and Brazil due to increasing industrial activity.
Also, a large number of emerging manufacturers from Asia Pacific and Eastern Europe are expected to reduce import dependence of various regions which is further expected to drive the heat exchangers market in future.
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