Electronics & Semiconductors

Reports

Heat Exchangers Market : Segment Analysis, Trends, Opportunities, Competitive Intensity, and Forecasts 2016-2022

Report Code : IE07080
Published: September 2018

Report Description Table of Contents Ask The Analyst Ask For Methodology

Market Essence

Heat exchangers are the devices used to transfer heat energy from one fluid to another. Used in various industrial applications, the market for Heat Exchangers was valued at $ 12.04 Billion in 2016 and is projected to reach $ 18.60 Billion by 2022. In this updated report, we are raising our forecasts for Heat Exchangers Market from 6.7% to 7.5% CAGR between 2016 and 2022. The revision is made due to the growing demand for Heat Exchangers in Asia Pacific’s industries. The report qualitatively and quantitatively analyzes revenue drivers, restraining factors, and opportunities present for active companies in this market. Growing demand for Heat Exchangers in emerging economies such as China, India, and Brazil, establishment of new environment protection regulations, and growing demand of Heat Exchangers in HVACR applications are the major driving factors for the market from past five years.

We analyze the market attractiveness with help of Porter’s five forces model. This model is based on the qualitative and quantitative inputs from primary respondents and secondary data sources such as annual reports, press releases, company websites, and Industry Essence’s paid databases. This model analyzes most influential factors for the market and assists companies in taking key decisions such as exploration of investments avenues, expansion plans, production enhancement, market strategy building, pricing and product positioning, revenue enhancement, and deciding backward/forward integration steps.

Heat Exchangers market is segmented on the basis of product type- Shell & Tube Heat Exchangers, Air-Cooled Heat Exchangers, and Plate & Frame Heat Exchangers. Shell & Tube Heat Exchanger type held largest market share in 2016. It was valued at $ xx Bn in 2016 and is estimated to grow at a CAGR of xx% from 2016 to 2022. We have segmented the Heat Exchangers Market on the basis of materials used to construct heat exchangers. It includes steel and non-steel materials (Graphite and Printed Circuit Heat Exchangers). Many materials are used for different types of heat exchangers such as carbon steel, graphite, and copper, stainless steel, and copper/nickel alloys (in inner parts).

Heat exchangers are used in various industries such as chemical, HVACR, petrochemical and oil & gas, food & beverage, power generation, paper & pulp, pharmaceuticals, and water & waste water among others. The chemical application held the largest share in 2016, it was valued at $ xx Billion and is projected to grow at a CAGR of xx% between 2016 and 2022. Growing demand for chemicals and specialty materials from developing regions such as APAC, Latin America, and Africa has driven the market for heat exchangers in chemical applications from past five years. Heat exchangers are used for cooling and heating of acids and caustic solutions, solvent tempering and condensing, water circuits cooling, and condensing exhaust vapors, steam and multiple-material mixtures among others.

The report segments the global Heat Exchangers Market as- North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. It further sub segments regional markets by major countries including- China, Japan, Malaysia, India, Korea, US, Canada, Mexico, UK, France, Germany, Sweden, Italy, Russia, Turkey, UAE, Saudi Arabia, Brazil, and Argentina among others. Asia Pacific is one of the fastest growing markets in the coming five years. Growing demand for heat exchangers from China and India is the major driving factor for Asia Pacific’s remarkable growth.

Value chain of Heat Exchanger Market includes many stakeholders: raw material suppliers, manufacturers, system integrators, distributors, and end users.

The market for heat exchangers is highly competitive due to the presence of many Tier I and Tier II companies competing on the basis of price and product positioning. The major global heat exchanger manufacturers are based in Europe and North American regions. Alfa Laval AB, Danfoss A/S, Xylem Inc., Kelvion Holdings GmBH, SPX Corporation, API Heat Transfer Inc., Gunter AG & Co. KG, and Hamon & Cie International SA are some of the major companies in the Heat Exchangers Market. From last five to seven years, the major companies are shifting their production or operations in developing countries or they are sourcing materials/parts from Low Cost Countries (LCCs). In order to remain competitive in the market, these companies are strategically developing new products for different product lines; by making hefty investments in R&D activities. In this report we have analyzed key organic and inorganic strategies adopted by different companies between 2012 and 2016 to remain competitive in the market. This section helps our clients to understand competitor strategies well and in adapting market needs quickly. We have also analyzed market shares of global industry participants for 2016. The report profiles major companies and their thorough analysis (it includes* business summary, key financials, business diversification, market competence, expansion strategies, and SWOT analysis of major companies).

Target Audience/Stakeholders:

  • Heat Exchanger Manufacturers
  • Raw Material Suppliers
  • Heat Exchanger Traders, Distributors, and Suppliers
  • Regional Heat Exchanger Manufacturer Associations
  • Government and Regional Agencies and Research Organizations
  • Investment Research Firms

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•Ductless Heating & Cooling Systems Market
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•Heat Transfer Fluids Market
•Heat Recovery Steam Generator Market
•Micro CHP Market
•Underfloor Heating Market
•Cryocooler Market
•HVAC Systems Market
•HVAC Controls Market

  1. Heat Exchangers Market: Market Essence
  2. Value Chain & Supply Chain Analysis
    1. Material Suppliers
    2. Manufacturers & Integrators
    3. Distributors
    4. End industry users
    5. Analyst insights
  3. Market Impression
    1. Revenue Driving Factors for Heat Exchangers Market in Next Five to Ten Years
    2. Restraints Affecting Growth of the Heat Exchangers Market
    3. Lucrative Opportunities for Heat Exchanger Market Stakeholders
  4. Organic and Inorganic Strategies By Market Players, 2012-2016
    1. Organic Strategies Adopted by Companies to Remain Competitive in the Market
    2. Inorganic Strategies Adopted by Companies to Remain Competitive in the Market
    3. Analyst Insights
  5. Market Attractiveness: Porter’s Five Forces Market Analysis
    1. Bargaining Power of Suppliers
      1. Number of Suppliers
      2. Switching Costs
      3. Forward Integration
      4. Product Differentiation
    2. Intensity of Competition
      1. Number of Competitors
      2. Product Differentiation
      3. Switching Costs
      4. Rate of Industry Growth
    3. Threat of New Entrants
      1. Entry Barriers
      2. Capital Requirement
      3. Technology Knowhow
    4. Threat of Substitutes
      1. Availability Of Substitutes
      2. Switching Costs
      3. Convenience
      4. Quality
    5. Bargaining Power of Buyers
      1. Number Of Buyers
      2. Switching Costs
      3. Availability Of Substitutes
      4. Product Differentiation
      5. Price Sensitivity
  6. Heat Exchangers Market, By Type
    1. Shell & Tube Heat Exchangers Market (Market Size, Trends, Forecasts, and Analysis)
    2. Plate & Frame Heat Exchangers (Market Size, Trends, Forecasts, and Analysis)
    3. Air-Cooled Heat Exchangers (Market Size, Trends, Forecasts, and Analysis)
    4. Analyst Insights
  7. Heat Exchangers Market, By Industry Application
    1. Chemical (Market Size, Trends, Forecasts, and Analysis)
      1. Companies Offering Products for Chemical Application
    2. HVACR (Market Size, Trends, Forecasts, and Analysis)
      1. Companies Offering Products for HVACR Application
    3. Petrochemical and Oil & Gas (Market Size, Trends, Forecasts, and Analysis)
      1. Companies Offering Products for Petrochemical And Oil & Gas Application
    4. Power Generation (Market Size, Trends, Forecasts, and Analysis)
      1. Companies Offering Products for Power Generation Application
    5. Food & Beverage (Market Size, Trends, Forecasts, and Analysis)
      1. Companies Offering Products for Food & Beverage Application
    6. Paper & Pulp (Market Size, Trends, Forecasts, and Analysis)
      1. Companies Offering Products for Paper & Pulp Application
    7. Other Applications (Market Size, Trends, Forecasts, and Analysis)
    8. Analyst Insights
  8. Heat Exchangers Market, Regional Analysis
    1. North America (Country Market Size, Trends, Forecasts, and Analysis By Heat Exchanger Type and Industry Applications)
      1. U.S
      2. Canada
      3. Mexico
    2. Europe (Country Market Size, Trends, Forecasts, and Analysis By Heat Exchanger Type and Industry Applications)
      1. Germany
      2. France
      3. UK
      4. Sweden
      5. Italy
      6. Russia
      7. Turkey
      8. Rest Of The Europe
    3. Asia-Pacific (Country Market Size, Trends, Forecasts, and Analysis By Heat Exchanger Type and Industry Applications)
      1. China
      2. India
      3. South Korea
      4. Japan
      5. Malaysia
      6. Rest Of The Asia-Pacific
    4. Middle East & Africa (Country Market Size, Trends, Forecasts, and Analysis By Heat Exchanger Type and Industry Applications)
      1. U.A.E.
      2. Rest of Middle East & Africa (MEA)
    5. Latin America (Country Market Size, Trends, Forecasts, and Analysis By Heat Exchanger Type and Industry Applications)
      1. Brazil
      2. Rest of Latin America
    6. Analyst Insights
  9. Heat Exchangers Market, By Make Material Type
    1. Steel Heat Exchangers
    2. Non-Steel Heat Exchangers (Different Types of Graphite and Printed Circuit Heat Exchangers Market)
  10. Heat Exchangers Market: Market Share Analysis 2016
  11. Analysis of Key “Pain Points” of Companies in Heat Exchangers Market
  12. Market Participant Profiles
    1. Aggreko PLC
    2. Air Products & Chemicals, Inc.
    3. Alfa Laval AB
    4. Api Heat Transfer Inc.
    5. Atlas Copco
    6. Barriquand Technologies Thermiques
    7. Chicago Bridge & Iron Company NV
    8. Danfoss A/S
    9. GEA Group
    10. Guntner AG & Co. Kg
    11. Hamon & CIE International SA
    12. Hindustan Dorr-Oliver Limited
    13. Hisaka Works Limited
    14. Hrs Heat Exchangers Ltd.
    15. Kelvion Holdings GmbH
    16. Koch Heat Transfer Company, LP
    17. Modine Manufacturing Company
    18. SAACKE GmbH
    19. SGL CARBON Technic LLC
    20. Sierra S.P.A
    21. Sondex Holdings A/S
    22. SPX Corporation
    23. Swep International AB
    24. Tranter Inc
    25. Xylem Inc.

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