A heat exchanger is a device that does exactly what it sounds like: it exchanges heat from one area or medium to another. The following reports explore the global heat exchanger market and where it's headed.
A heat exchanger is a device used specifically to transfer heat from one area to another, typically through the use of fluids. Within the device, hot liquid flows from one end to the other. The exchanger then transfers the heat either to a cold liquid or air outside of the device. It's a relatively simple concept that's highly effective at cooling homes, buildings, machines, devices and liquids.
According to the Global Heat Exchanger Market Research Report - Global Forecast to 2021 report by Wise Guy Reports, the global heat exchanger market is expected to grow at a compound annual growth rate (CAGR) of approximately 8% through the forecast period. Heat exchangers are used in a wide range of applications, though this report specifically cites applications in industrial expansions and emerging economies as being fundamental drivers for the market. Additionally, however, heat exchangers are used in chemical, gas, oil, food and beverages, and petrochemical applications. This unmatched versatility will likely play a key role in the heat exchanger market's projected future growth, which the report lists is 8% CAGR through 2021.
Some of the key heat exchanger vendors profiled in this report include API Heat Transfer Inc., Funke Warmeaustauscher Apparatebau GmbH, GEA Group Aktiengesellschaft, Guntner AG & Co. KG, Sondex holding A/s, Hindustan Dorr-Oliver Ltd, Hisaka Works Ltd, Modine Manufacturing Company, Sierra S.p.A., Smartheat Inc., SPX Corporation, and others.
The Global Heat Exchanger Market: Trends & Opportunities (2015 Edition) report by ReportsWeb is a second professional study of the global heat exchanger market. Featuring 62 pages, it explores the market from all angles, revealing both current and future prospect scenarios. In the next five years, for instance, it forecasts strong growth spurred by heat exchanger applications in industrial settings and developing countries.
This report segments the heat exchanger market by several criteria. On the basis of product type, for instance, the heat exchanger market is segmented by shell and tube exchangers and plate heat exchangers. On the basis of applications, the market is segmented by chemical, oil and gas, HVAC, food and beverage, and power generation.
As explained in the report, heat exchangers are an important part of many businesses. Industrial companies rely on them to cool equipment and liquids. Without heat exchangers, these and other processes would be difficult to perform. Furthermore, heat exchangers are used in residential homes and commercial buildings as an energy-efficient cooling alternative to traditional HVAC systems. To learn more about the heat exchanger market, check out the two reports linked above.
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