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 January 21, 2016 - 8:30 AM EST
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Global Heat Exchangers Market is Expected to Grow with 7% CAGR During 2015 - 2020: P&S Market Research

NEW YORK, January 21, 2016 /PRNewswire/ --

The global heat exchangers market was valued at $14,108.8 million in 2014, and it is expected to grow with a CAGR of 6.5% during 2015 - 2020. The factors driving the growth of the global market include advancement in technology and growing HVAC, petrochemical, food processing, and chemical industries. Chemical industry is the fastest growing end-user industry for heat exchangers, due to huge investment from Asia-Pacific. During the forecast period, large number of plants would come into operation that is anticipated to reap advantage of cheap natural gas for the production of ethane, a prevalent feedstock for petrochemical industry. Moreover, the demand for heat exchangers from the growing HVAC industry is increasing across the global market, due to improving infrastructure and standard of living. The oil & gas industry is driving the growth of the global heat exchangers market, due to the increasing number of gas processing facilities, LNG facilities, tankers, and other related infrastructure.

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In 2014, Asia-Pacific was the fastest growing market in the global heat exchangers market. Asia-Pacific is considered as a developing economy, due to increasing industrialization in the region. With the clustering of several industries in the region, the demand for heat exchangers is increasing. Moreover, the developing infrastructure in the region has increased the demand of heat exchangers from HVAC industry. These factors are expected to boost the growth of the heat exchangers market in Asia-Pacific.

The information and data in the publication "Global Heat Exchangers Market Size, Share, Development, Growth and Demand Forecast to 2020", represents the research and analysis of data from various primary and secondary sources. A bottom-up approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

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Among the various end-users, the chemical industry segment in the global heat exchangers market is expected to witness the fastest growth, a CAGR of 9.2%, during 2015 - 2020.

Some of the key companies operating in the global heat exchangers market include Alfa Laval AB, Kelvion Holding GmbH, Danfoss A/S, SPX Corporation, Xylem Inc., API Heat Transfer Inc., Guntner GmbH & Co. KG, Hisaka Works Ltd., HRS Hevac Ltd., Modine Manufacturing Company, Sierra S.p.a., Sondex Holdings A/S, SWEP International AB.

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By Type 

  • Shell & Tube
  • Plate & Frame
  • Air Cooled
  • Printed Circuit
  • Others

By End-User 

  • Chemical
  • Petrochemical and O&G
  • HVAC & Refrigeration
  • Food & Beverages
  • Power
  • Others

By Construction Material 

  • Steel 
  • Non-Steel 


By Region 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

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About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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Source: PR Newswire (January 21, 2016 - 8:30 AM EST)

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