Heat Exchangers Market Trends and Forecast 2014 - 2020

Transparency Market
Research
Heat Exchangers Market - Global Industry Analysis, Market Size, Share,
Growth, Trends and Forecast 2014 - 2020
Published Date
2015-01-02
82 Page Report
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Press Release
Global Heat Exchangers Market is Expected to Reach USD 18
Billion by 2020 in terms of Revenue
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Heat Exchangers Market
REPORT DESCRIPTION
Transparency Market Research has released a new market report, According to the report, the global heat exchanger
market revenue was valued at USD 11.86 Billion in 2013 and is expected to reach USD 18.04 Billion by 2020, at a CAGR
of 6.02% from 2013 through 2020.
Maximizing thermal efficiency is the primary reason behind an increased demand for heat exchangers. A heat exchanger
is a piece of equipment designed and built for efficient heat transfer from one medium to another. The media may be
separated by a solid wall to prevent mixing or they may be in direct contact with the materials being processed, which
could harm the end product. These equipments are widely used for space heating, refrigeration, air conditioning, in power
plants, chemical plants, petrochemical plants, petroleum refineries, natural gas processing plants, and sewage treatment
plants. The common example of a heat exchanger is found in an internal combustion engine, in which a circulating fluid
known as engine coolant flows through radiator coils and air flows past the coils, cooling the coolant and releasing the
heat generated by the engine, into open air.
Browse the full Heat Exchangers Market report at http://www.transparencymarketresearch.com/heat-exchangermarket.html
Rapid growth in power consumption from the industrial sector is further contributing to the rapid pace of growth for the
heat exchanger market. Condensers are a crucial element of any power station. They are the interface between the
water/steam cycle and the heat sink. Condenser performances have a direct impact on the power station’s output and the
availability of electric power. Condensers need to meet sustained high-performance requirements, since any rise in
pressure at the turbine exhaust may cause substantial power loss. This inevitable category of heat exchanger is
implemented in most power generation plants across the globe. Thus, demand for heat exchangers will necessarily grow
as new power stations are established.
Moreover, the fabrication costs of heat exchangers have declined as technology has progressed. Modern plate heat
exchangers use pressed plates, which are less expensive than the welded plates used on earlier models. Pressed plates
are also more resistant to corrosion and chemical reactions that could weaken the heat exchanger and hence require
more frequent replacement. Many heat exchanges have even been modified with particular attention given to the ease of
cleaning the equipment. For example, with plate heat exchangers, one can easily remove and replace plates individually
rather than needing to take the whole system apart. Moreover, many modern heat exchangers are very adaptable, which
makes them suited for a wide variety of tasks. Presently, heat exchangers are manufactured with a compact and efficient
design, which makes them useful in mobile applications. Though early heat exchangers were often as large as a
refrigerator, heat exchangers as of 2011 are as small portable heaters. Heat exchangers are also quite flexible, because
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Heat Exchangers Market
the fluid used to mediate the thermal exchange can be modified as per design specifications. This is an integral factor that
has a long-term impact on the operations’ cost of the process plant as well as the equipment.
Browse the full Heat Exchangers Market Press Release at
http://www.transparencymarketresearch.com/pressrelease/heat-exchanger-market.htm
This research study is designed to estimate, analyze, and forecast the global heat exchanger market. The overall market
has been estimated on the basis of revenue. The research provides in-depth analysis of manufacturers and suppliers in
the heat exchanger industry, which are involved in the business at various levels of the value chain. The research includes
detailed analysis, historical data, and statistically refined forecast for the segments covered. On the other hand, end-user
industries that use heat exchangers as a long-term backup source generally prefer to purchase new ones. As a result,
market size for heat exchangers varies depending on need and preference of end-user industries.
The product type analysis for heat exchangers was estimated, keeping in mind the major construction and expansion
projects planned by the governments across the globe. It was estimated that during harsh winter weather, project
developers generally prefer renting heat exchangers. However, post construction, operators prefer buying new units.
While conducting the study, we took into consideration the key construction projects planned till 2020 such as refineries,
offshore installations, large offshore vessels, etc. However, while analyzing the market for heat exchangers, we found it
feasible to do the analysis only in terms of revenue. We have considered 2013 as the base year for this study, while all
forecasts have been done for 2014 to 2020. Qualitative analysis such as major planned projects and investment by oil and
gas operators were considered while computing the revenue market size for heat exchangers.
This research analyzes and estimates the performance and market of heat exchanger systems in the global scenario,
providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing
in heat exchanger systems. The report presents a thorough assessment of the strategies followed by different
stakeholders by segmenting the heat exchanger systems market as below:
Global Heat Exchangers Market: Product Type Analysis
Air Cooled
Plate and Frame
Shell and Tube
Others (Condensers, Oil Coolers, and Radiators)
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Heat Exchangers Market
Global Heat Exchangers Market: End User Industry Analysis
HVAC
Chemicals and Petrochemicals
Power Generation
thers (Food Processing, Aerospace, and Medical)
Global Heat Exchangers Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)
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About Us
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
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Heat Exchangers Market
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Rapid growth in power consumption by industries worldwide has substantially boosted the market for heat exchangers. Transparency Market Research (TMR), in its new report, titled “Heat Exchangers Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020,” studies the global heat exchangers market from the ground up, covering aspects such as market definition, segmentation, and factors impacting its growth trajectory. Complete Report Heat Exchangers Market with TOC : http://www.transparencymarketresearch.com/heat-exchanger-market.html