Heat Exchangers - Global Strategic Business Report

Global Industry Analysts, Inc, November 2012, Pages: 1118

This report analyzes the worldwide markets for Heat Exchangers in US$ Million by the following Product Segments: Shell and Tube Heat Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE, and Other PHE), Air Cooled Heat Exchangers, Cooling Towers, and Other Heat Exchangers. The End-Use markets also analyzed in the report include Chemicals Industry, Fuel Processing, HVAC and Refrigeration, Food and Beverage, Power Generation, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. A six-year historic analysis is also provided for these markets. The report profiles 585 companies including many key and niche players such as Alfa Laval AB, Tranter Inc., Barriquand Technologies Thermiques, Xylem Inc., Chicago Bridge & Iron Company N.V, GEA Group Aktiengesellschaft, Hamon Group, Harsco Industrial Air-X-Changers, Hisaka Works, Ltd., Sondex, A/S, SmartHeat Inc., SPX Corporation, Balcke-Dürr GmbH, SPX Cooling Technologies, Inc., ThermaSys Corporation, API Heat Transfer Inc., and Vahterus Oy. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-2
Product Definitions and Scope of Study I-3
Heat Exchangers I-3
Analysis by Product Segment I-3
Shell and Tube Heat Exchangers I-3
Plate Heat Exchangers I-4
Air-Cooled Heat Exchangers I-4
Cooling Towers I-4
Other Heat Exchangers I-4
Analysis by End-Use Segment I-4

II. Executive Summary

1. INDUSTRY OVERVIEW II-1
A Quick Primer II-1
Impact of the 2007-2009 Recession in Retrospect II-2
Impact of Europe's Debt Crisis: A Review II-2
Outlook II-3
Key Market Drivers & Trends II-4
Developing Countries to Drive Future Growth II-4
China Emerges Over the Horizon as One of the Largest Heat
Exchanger Markets Worldwide II-4
Energy Efficiency to Drive Gains in the Heat Exchangers Market II-5
Energy Efficiency & Cost Savings Step up Market Opportunities
for Compact Heat Exchangers II-6
Table 1: Leading Players in the World Compact Heat
Exchangers Market (2011): Percentage Breakdown of Sales
Revenues for Alfa Laval, GEA, SWEP International AB, SPX
Corporation (APV Brand), HISAKA WORKS, LTD and Others
(includes corresponding Graph/Chart) II-7
Energy Efficiency Benefits Drive Migration from Shell &-Tube
to Plate Heat Exchangers II-7
Modernization & Replacement Needs Spur Demand II-7
Energy Efficiency & Eco-Friendliness: Buzzwords for Product
Innovation II-8
Technology Innovations: Critical to Market Growth II-8
R&D Focus on Material Science Helps Leverage Benefits of
Newer Raw Materials II-9
Product Diversification and Optimization Take Precedence in
Product Design II-9
Existing and Proposed Nuclear Reactors Drive the Global Heat
Exchangers Market II-10
Table 2: World Nuclear Power Capacity (As of April 2011):
Break-Up of Units and Capacity of Operational Nuclear Power
Reactors by Country (includes corresponding Graph/Chart) II-11

Table 3: Number and Gross Capacity of Under Construction
Nuclear Power Reactors Worldwide (As of October 2011)
(includes corresponding Graph/Chart) II-12

Table 4: Number and Gross Capacity of Planned Reactors
Worldwide (As of October 2011) (includes corresponding
Graph/Chart) II-13

Table 5: Number and Gross Capacity of Proposed Nuclear Power
Reactors Worldwide (As of October 2011) (includes
corresponding Graph/Chart) II-14
Healthy Outlook for Oil & Gas Bodes Well for the Heat
Exchangers Market II-15
Water Shortages to Drive Demand for Air Cooled Heat Exchangers II-16
Shell and Tube Heat Exchangers Face Substitution Threats II-17
Environmental Concerns Trigger Innovation in Cooling Towers II-17
Hybrid Cooling Towers Expand Presence II-18
Round Bottle Cooling Towers in Vogue II-18
Heat Exchanger Maintenance Grows in Prominence II-18
Competitive Landscape II-19
Table 6: Leading Players in World Plate Heat Exchangers
Market (2011): Percentage Breakdown of Sales Revenues for
Alfa Laval and Others (includes corresponding Graph/Chart) II-20

Table 7: Global Market for Welded Plate Heat Exchangers
(2011): Percentage Market Share Breakdown of Leading Players
(includes corresponding Graph/Chart) II-20

2. PRODUCT OVERVIEW II-21
Introduction II-21
Concept of Heat Transfer II-21
Cutting Edge Equipment Design Innovations by Lummus
Technology, a CB&I Company II-21
Helixchanger® II-21
Helixchanger - Product Description II-21
Helitower® II-22
Helifin® II-22
Twisted Tube® type S&T: An advanced shell-and-tube design by
Koch Heat Transfer Co, LP II-22
Advantages of Twisted Tube Type S&T II-23
Higher Thermal & Hydraulic Performance II-23
Higher Thermal Effectiveness II-23
Lower Fouling & Cleanability II-23
Elimination of Vibration II-23
Product Groups II-23
Direct Contact Exchangers II-24
Regenerators II-24
Recuperators II-24
Product Types II-24
Shell and Tube Heat Exchangers II-24
U-Tube Heat Exchangers II-24
Straight Tube Heat Exchangers II-24
Tube in Tube Heat Exchangers II-24
Other Tubular Exchangers II-25
Finned Tube Exchangers II-25
Double-Pipe Exchangers II-25
Bayonet Exchangers II-25
Compact Heat Exchangers II-25
Advantages II-25
Costs II-25
Types II-26
Plate and Frame Heat Exchangers II-26
Gasketed Plate and Frame Heat Exchangers II-26
Advantages II-27
Brazed Plate Heat Exchangers II-27
Welded Plate Heat Exchangers II-28
Semi-Welded Plate Heat Exchangers II-28
All Welded Plate Heat Exchangers II-28
New Designs II-28
Limitations II-29
Air Cooled Heat Exchangers II-29
Cooling Towers II-29
Other Heat Exchangers II-29
Finned Coil Heat Exchangers II-29
Plate Finned Heat Exchangers II-30
Heat Recovery Systems II-30
Waste Heat Boilers II-30
Regenerators and Recuperators II-30
Heat Pipes II-30
Scrapped Surface Heat Exchangers II-30

3. END-USE MARKET ANALYSIS II-31
Select End-Use Industries II-31
Chemical Industry II-31
Fuel Processing Industry II-31
HVAC and Refrigeration Industry II-31
Food and Beverage Industry II-31
Power Generation Industry II-32

4. PRICING AND DISTRIBUTION II-33
Pricing Behavior by Product Segment II-33
Shell and Tube Exchangers II-33
Other Tubular Exchangers II-33
Plate and Frame Exchangers II-33
Other Plate and Frame Exchangers II-33
Air Cooled Heat Exchangers II-33
Cooling Towers II-34
Others II-34
Pricing Behavior by End-Use Segment II-34
Chemicals Applications II-34
Fuel Processing II-34
HVAC and Refrigeration II-34
Food and Beverage Applications II-35
Other Applications II-35
Utilities II-35
General Engineering II-35
Others II-35
Distribution by End-Use Segment II-36

5. PRODUCT INNOVATIONS/INTRODUCTIONS II-37
Alfa Laval India Unveils FusionLine Open Flow Plate Heat
Exchanger II-37
Visteon Launches Thermal Management Products for Lithium-ion
Batteries II-37
AFCO Introduces Advanced Heat Exchanger for Cobra Mustang II-37
Alfa Laval Launches New Copper Brazed Heat Exchanger Range II-37
Alfa Laval Introduces AlfaNova M HP 400 Plate Heat Exchanger
for Maritime Industry II-38
AMETEK Fluoropolymer Products Unveils New-Generation of Q-
Series Tubing II-38
HGF Plate Heat Exchangers to Introduce New Line of Plate Heat
Exchangers in South Africa II-39
HRS Process Systems to Develop Plate Heat Exchangers II-39
HRS Process Systems Unveils Corrugated Tube Heat Exchangers II-40
Coolcentric Launches Coolcentric Sidecar Heat Exchanger II-40
Durex Industries Launches DFX Line of Electric Heat Exchangers II-41
Delphi Automotive Unveils Exhaust Gas Heat Exchanger II-41
SWEP International Launches B649 Brazed Plate Heat Exchanger
in Milan II-42
SWEP International Introduces B9 Brazed Plate Heat Exchanger II-42
Delta Electronics Rolls Out Air-to-Air Heat Exchanger Series II-42
Outotec Oyj Introduces Environment-Friendly Outotec® Cooling
Towers II-42
Emerson Network Power Rolls Out Liebert XDR Rear-Door Heat
Exchanger II-43
Enerji Selects Airec Heat Exchangers for Carnarvon II-43
Alfa Laval Introduces FusionLine Plate Heat Exchanger II-43
Gupex Launches GUPEX® Air-to-Air Heat Exchanger II-44
Frigodynamics Rolls Out Two-Phase Heat Exchanger Series II-44
E. J. Bowman (Birmingham) Unveils Ultra Compact Exhaust Gas
Heat Exchangers II-44
Tantaline® Launches Welded Plate and Frame Heat Exchangers II-44
Danfoss Launches Micro Plate Heat Exchangers II-45
Fläkt Woods Group Unveils eQ Plate Counter Flow Plate Heat
Exchanger II-45
Frigodynamics Introduces Coolers Featuring 2-phase HE Models II-46

6. PRODUCT LAUNCHES IN THE RECENT PAST - A PERSPECTIVE BUILDER II-47
Teralba Industries Unveils Upgraded Dimpleflo Heat Exchangers II-47
Modine Manufacturing Rolls Out Effinity93 Unit Heater with
Conservicore™ II-47
Alfa Laval's New Plate Reactor Revolutionizes Specialty
Chemical and Pharmaceutical Production II-47
Alfa Laval Introduces Plate Heat Exchangers II-48
Vette Launches Top Feed Rear Door Heat Exchanger II-48
Munters Introduces Plate Heat Exchangers II-49
Titan Metal Fabricators Introduces Corrosion-Resistant Heat
Exchangers II-49
Exothermics Introduces Stainless Steel Heat Exchangers II-49
Heresite Protective Coatings Introduces Saekaphen Protective
Coating for Heat Exchangers II-49
Anguil Environmental Systems Launches Air-to-Air Heat Exchanger II-49
Rittal Air Introduces Air Heat Exchangers II-50
COADE Rolls Out COADE PV Fabricator II-50
SGL Carbon Technic Rolls Out Multi-tube Bundle Graphite Heat
Exchanger II-50
APV Introduces Model NR5 Easy Flow II-50
Paul Mueller Launches Accu-Therm II-50
Solex Thermal Sciences Rolls Out Heat Exchanger II-51
Ametek Chemical Products Launches fluoropolymer heat exchangers II-51
George Fischer Rolls Out Thermoplastic heat exchangers II-51
Dana Holding develops Long Heat Exchanger II-51

7. RECENT INDUSTRY ACTIVITY II-52
Chemetics® Division of Jacobs Engineering Secures Design and
Fabrication Contract from Balance Agri-Nutrients for Cold
Heat Exchanger II-52
GEI Industrial Systems Bags EPC Contract from NPCIL II-52
GEI Industrial Systems Secures Order from GAIL II-52
Studsvik Signs Contract with LLW Repository II-52
Alfa Laval Secures Order from Korean Electric Power Corporation II-52
Alfa Laval Secures Order JGC II-53
Hamilton Standard - Nauka Launches First Phase of Airplane
Heat Exchange Manufacturing Plant II-53
Cabero Industrial to Establish New Plant in Kaposvar II-53
Thermal Engineering International Secures Contract for Solar
Power Plant II-53
Amarch DHP Secures Contract from A2A calore & servizi II-54
Pyroban Takes Over Broadland Radiators and Heat Exchangers and
Adex Zonex II-54
Chart Energy & Chemicals Bags Contract for Baseload LNG
Project in Australia II-54
Lytron Takes Over Lydall Industrial Thermal Solutions II-54
Sulzer Chemtech Acquires C.L. Engenharia II-55
Crompton Greaves Acquires Emotron II-55
Alfa Laval Acquires Aalborg Industries II-55
Nippon Light Metal to Establish Heat Exchanger Plant in Thailand II-55
GEA PHE Systems Acquires Mashimpeks II-56
Howden to Acquire Thomassen Compression Systems II-56
Resilience Capital Partners Takes Over R&D Enterprises II-56
GEI Industrial Systems Bags Contracts for Air Cooled Steam
Condensers and Heat Exchangers II-56
Air Products to Construct New LNG heat Exchanger Manufacturing
Facility in Florida II-57
Jacobs Engineering Group Secures Contract from INEOS Enterprises II-57
JGC Gulf International Bags EPC Contract from Bahrain National
Gas II-57
SWEP Commences New Distribution Point in Chennai II-57
Bladon Jets Acquires Majority Interest in Brayton Energy Canada II-57
AMETEK Fluoropolymer Products and 3M Enter into Partnership II-57
Evergreen Pacific Partners Takes Over Thermal Dynamics II-58
Alfa Laval Bags Order from Technip Samsung Consortium II-58
Air Products Signs Contract with INPEX and JKC II-58
Wellspring Affiliate Takes Over API Heat Transfer II-58
Corac to Acquire Wellman Hunt Graham from InMed Ventures II-59
Henry Technologies Holdings Acquires Assets of Shell & Tube
Heat Exchangers II-59
Dürr Acquires Equity Stake in HeatMatrix II-59
Wellspring Capital Management Takes Over ThermaSys II-59
PT Selamat Sempurna and Tokyo Radiator Enter into Joint
Venture for Heat Exchangers II-60
LU-VE Acquires Asarum Industriaktiebolag of G & L Beijer II-60
Howden to Take Over Thomassen Compression Systems II-60
Braun Intertec Acquires VCMS GeoSolutions II-60
Hindustan Dorr-Oliver Forms Collaboration with BHT II-60
Airec Obtains Investment from RWE Innogy and Industrifonden II-61
Artpol-Therm Secures Contract from Stoleczne Przedsiebiorstwo
Energetyki Cieplnej II-61
Eaton-Williams Signs Distribution Agreement with Alessa
Industries II-61
BanyanTree Growth Capital Purchases Interest in GEI Industrial
Systems II-61
GEA Group Establishes Manufacturing Facility in Maharashtra II-62
ThermaSys Takes Over Serck Heat Transfer and Covrad Holdings II-62
GEA Heat Exchangers Enters into Enterprise Framework Agreement
with Shell II-62

8. CORPORATE ACTIVITY IN THE RECENT PAST - A PERSPECTIVE BUILDER II-63
GEA Snaps Up Mashimpeks II-63
Alfa Laval Acquires Champ Products II-63
Alfa-Laval Secures Cleantech Order from PetroVietnam II-63
Alfa Laval Bags Two Orders for Supply of Heat Exchangers from
Petrobras II-63
Alfa Laval Receives Heat Exchangers Delivery Order from India II-63
Alfa Laval to Supply Plate Heat Exchangers to Russia II-64
Balcke-Durr Opens New Manufacturing Facility II-64
GEA PHE Teams Up with Vahterus to Manufacture Industrial
Equipment II-64
Alfa Laval Inaugurates New Servicing Facility II-64
GE Oil and Gas Signs Joint Venture Agreement with Al-Tamimi II-65
Modine Manufacturing Enters into Collaboration with Sierra II-65
SPX to Design and Install Natural Draft Cooling Towers for
Brayton Point Power Station II-65
Tranter's SUPERCHARGER® Exchangers Win AHRI Certification II-65
GEA Wins Air Cooled Condenser Supply Order for Power Plant in
Israel II-66
GEA Wins Supply Orders from Romania and Russia II-66
GEA Receives Order for Eco-Friendly Cooling Units II-66
GEA Wins Cooling Tower Construction Order in Florida II-67
GEA Agrees with Siemens to Deliver Heat Exchangers in Spain II-67
GEA Secures Air Cooled Condenser Supply Order from China II-67
GEA to Deliver Air Cooled Condenser in Trinidad/Tobago II-68
Hamon Thermal to Build Cooling Tower for Vattenfall Europe II-68
Modine Divests Stake in Modine Korea to KB Synthetics II-68
Modine Wins Contract from Daimler India II-69
SPX to Supply IDCT System for Huaneng Qinling Power Plant II-69
Honeywell International Enters into Collaboration with Heat
Transfer Research II-69
Alfa Laval Group Purchases Majority Stake in Leader Heat
Exchanger II-70
Tranter Takes Over Heat Exchanger Systems II-70
BTHC VIII Concludes Reverse Merger with THT Heat Transfer
Technology II-70
Japan Climate Systems Establishes Air-Conditioning Systems
Factory II-70
SmartHeat Takes Over Assets of Siping II-70
Aker Solutions Clinches Contract from Codelco II-71
Alfa Laval Bags Contract from Novozymes II-71
Patels Airtemp India Secures Orders from Korting Engineering
and Nakoda Textile Industries II-71
Shriram EPC Secures Contracts from Kerala Feeds and Mangalore
Refinery and Petrochemicals II-71
Chart Energy & Chemicals Secures Order from Air Products II-71
Larsen & Toubro Secures Order from Madhya Pradesh Power
Generating Company II-72
SPX Heat Transfer to Acquire Assets and Liabilities of Connell
and Yuba Heat Transfer II-72
BGR Energy Systems Bags Three Orders II-72
Air Fin Cooler Bags Three Contracts II-72
Alfa Laval to Supply Filters and Heat Exchangers to Chinese
Nuclear Power Reactors II-72
Abahsain Specialized Industrial Launches Manufacturing Facility II-73
Praxair China Supplies Heat Exchanger System to The First
Biochemical & Pharmaceutical II-73
Poyry Oyi Bags Contract from Pucheng Central Heating II-73
TAT Technologies Secures Contract from Embraer Empresa
Brasileira de Aeronautica II-73
Thermax Enters into Joint Venture with SPX Corporation II-74
Praxair China Supplies NCOOL System to Shanghai The First
Biochemical & Pharmaceutical II-74
Alfa Laval to Supply Spiral Heat Exchangers to Russian Refinery II-74
Calsonic Kansei to Shut Down Heat Exchanger Plant II-74
Alfa Laval Takes Over PHE Indústria e Comércio de Equipamentos II-74
Alfa Laval Takes Over Industria e Comercio de Equipamentos II-74
Alfa Laval to Supply Compact Heat Exchangers to Russian Refinery II-75
Elite Aerospace Secures Contract for Supply of Heat Exchangers II-75

9. FOCUS ON SELECT PLAYERS II-76
Alfa Laval AB (Sweden) II-76
Tranter Inc. (US) II-76
Barriquand Technologies Thermiques (France) II-76
Xylem Inc. (US) II-76
Chicago Bridge & Iron Company N.V. (The Netherlands) II-77
GEA Group Aktiengesellschaft (Germany) II-77
Hamon Group (Belgium) II-78
Harsco Industrial Air-X-Changers (US) II-78
Hisaka Works, Ltd (Japan) II-78
Sondex, A/S (Denmark) II-79
SmartHeat Inc (US) II-79
SPX Corporation (US) II-79
Balcke-Dürr GmbH (Germany) II-79
SPX Cooling Technologies, Inc. (US) II-80
ThermaSys Corporation (US) II-80
API Heat Transfer Inc (US) II-80
Vahterus Oy (Finland) II-81

10. GLOBAL MARKET PERSPECTIVE II-82
Table 8: World Recent Past, Current & Future Analysis for Heat
Exchangers by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2010 through 2018 (includes corresponding
Graph/Chart) II-82

Table 9: World Historic Review for Heat Exchangers by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-83

Table 10: World 15-Year Perspective for Heat Exchangers by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2004, 2011 &
2018 (includes corresponding Graph/Chart) II-84
A. Product Segment Analytics II-85
Table 11: World Recent Past, Current & Future Analysis for
Shell and Tube Heat Exchangers by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-85

Table 12: World Historic Review for Shell and Tube Heat
Exchangers by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-86

Table 13: World 15-Year Perspective Analysis for Shell and
Tube Heat Exchangers by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) II-87

Table 14: World Recent Past, Current & Future Analysis for
Plate and Frame Heat Exchangers by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-88

Table 15: World Historic Review for Plate and Frame Heat
Exchangers by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-89

Table 16: World 15-Year Perspective for Plate and Frame Heat
Exchangers by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-90

Table 17: World Recent Past, Current & Future Analysis for
Gasketed Plate and Frame Heat Exchangers by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-91

Table 18: World Historic Review for Gasketed Plate and Frame
Heat Exchangers by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-92

Table 19: World 15-Year Perspective for Gasketed Plate and
Frame Exchangers by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-93

Table 20: World Recent Past, Current & Future Analysis for
Welded Plate and Frame Heat Exchangers by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-94

Table 21: World Historic Review for Welded Plate and Frame
Heat Exchangers by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-95

Table 22: World 15-Year Perspective for Welded Plate and Frame
Heat Exchangers by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-96

Table 23: World Recent Past, Current & Future Analysis for
Brazed Plate and Frame Heat Exchangers by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-97

Table 24: World Historic Review for Brazed Plate and Frame
Heat Exchangers by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-98

Table 25: World 15-Year Perspective for Brazed Plate and Frame
Heat Exchangers by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-99

Table 26: World Recent Past, Current & Future Analysis for
Other Plate and Frame Heat Exchangers by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-100

Table 27: World Historic Review for Other Plate and Frame Heat
Exchangers by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-101

Table 28: World 15-Year Perspective for Other Plate and Frame
Heat Exchangers by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-102

Table 29: World Recent Past, Current & Future Analysis for Air
Cooled Heat Exchangers by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-103

Table 30: World Historic Review for Air Cooled Heat Exchangers
by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-104

Table 31: World 15-Year Perspective for Air Cooled Heat
Exchangers by Geographic Region - Percentage Breakdown of
Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-105

Table 32: World Recent Past, Current & Future Analysis for
Cooling Towers by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-106

Table 33: World Historic Review for Cooling Towers by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-107

Table 34: World 15-Year Perspective for Cooling Towers by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2004, 2011 &
2018 (includes corresponding Graph/Chart) II-108

Table 35: World Recent Past, Current & Future Analysis for
Other Heat Exchangers by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-109

Table 36: World Historic Review for Other Heat Exchangers by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) II-110

Table 37: World 15-Year Perspective for Other Heat Exchangers
by Geographic Region - Percentage Breakdown of Dollar Sales
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2004, 2011 &
2018 (includes corresponding Graph/Chart) II-111
B. End-Use Segment Analytics II-112
Table 38: World Recent Past, Current & Future Analysis for
Heat Exchangers in Chemical Industry by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-112

Table 39: World Historic Review for Heat Exchangers in
Chemical Industry by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-113

Table 40: World 15-Year Perspective for Heat Exchangers in
Chemical Industry by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) II-114

Table 41: World Recent Past, Current & Future Analysis for
Heat Exchangers in Fuel Processing Sector by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) II-115

Table 42: World Historic Review for Heat Exchangers in Fuel
Processing Sector by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-116

Table 43: World 15-Year Perspective for Heat Exchangers in
Fuel Processing Sector by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) II-117

Table 44: World Recent Past, Current & Future Analysis for
Heat Exchangers in HVAC and Refrigeration Industry by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) II-118

Table 45: World Historic Review for Heat Exchangers in HVAC
and Refrigeration Industry by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-119

Table 46: World 15-Year Perspective for Heat Exchangers in
HVAC and Refrigeration Industry by Geographic Region -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) II-120

Table 47: World Recent Past, Current & Future Analysis for
Heat Exchangers in Food and Beverage Sector by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2010
through 2018 (includes corresponding Graph/Chart) II-121

Table 48: World Historic Review for Heat Exchangers in Food
and Beverage Sector by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-122

Table 49: World 15-Year Perspective for Heat Exchangers in
Food and Beverage Sector by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) II-123

Table 50: World Recent Past, Current & Future Analysis for
Heat Exchangers in Power Generation Sector by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2010
through 2018 (includes corresponding Graph/Chart) II-124

Table 51: World Historic Review for Heat Exchangers in Power
Generation Sector by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-125

Table 52: World 15-Year Perspective for Heat Exchangers in
Power Generation Sector by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) II-126

Table 53: World Recent Past, Current & Future Analysis for
Heat Exchangers in Other End-Use Applications by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2010
through 2018 (includes corresponding Graph/Chart) II-127

Table 54: World Historic Review for Heat Exchangers in Other
End-Use Applications by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and Rest
of World Markets Independently Analyzed with Annual Sales in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) II-128

Table 55: World 15-Year Perspective for Heat Exchangers in
Other End-Use Applications by Geographic Region - Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) II-129

III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Globalization Poses Challenges to HVAC&R Heat Exchangers Market III-1
Opportunities Exist for New Entrants in HVAC&R Heat
Exchangers Market III-1
Low Awareness Limit Demand for Energy Efficient Heat Exchangers III-2
Wet Cooling Towers Dominate the Cooling Tower Market III-2
Product Introductions/Innovations III-2
Strategic Corporate Developments III-7
Focus on Select Players III-9
B.Market Analytics III-12
Table 56: US Recent Past, Current & Future Analysis for Heat
Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE) Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-12

Table 57: US Historic Review for Heat Exchangers by Product
Segment - Shell and Tube Heat Exchangers, Plate and Frame
Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and
Other PHE), Air Cooled Heat Exchangers, Cooling Towers and
Other Heat Exchangers Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-13

Table 58: US 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Dollar Sales for
Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-14

Table 59: US Recent Past, Current & Future Analysis for Heat
Exchangers by End-Use Segment - Chemicals Industry, Fuel
Processing, HVAC and Refrigeration, Food and Beverage, Power
Generation and Other Applications Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2010
through 2018 (includes corresponding Graph/Chart) III-15

Table 60: US Historic Review for Heat Exchangers by End-Use
Segment - Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-16

Table 61: US 15-Year Perspective for Heat Exchangers by
End-Use Segment - Percentage Breakdown of Dollar Sales for
Chemicals Industry, Fuel Processing, HVAC and Refrigeration,
Food and Beverage, Power Generation and Other Applications
Markets for 2004, 2011 & 2018 (includes corresponding
Graph/Chart) III-17

2. CANADA III-18
A.Market Analysis III-18
Outlook III-18
Focus on Select Players III-18
B.Market Analytics III-19
Table 62: Canadian Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-19

Table 63: Canadian Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-20

Table 64: Canadian 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-21

Table 65: Canadian Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-22

Table 66: Canadian Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-23

Table 67: Canadian 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-24

3. JAPAN III-25
A.Market Analysis III-25
Outlook III-25
Strategic Corporate Development III-25
Key Player III-25
B.Market Analytics III-26
Table 68: Japanese Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-26

Table 69: Japanese Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-27

Table 70: Japanese 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-28

Table 71: Japanese Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-29

Table 72: Japanese Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-30

Table 73: Japanese 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-31

4. EUROPE III-32
A.Market Analysis III-32
Outlook III-32
Market Overview III-32
Factors Influencing Market III-32
Factors Influencing Demand in Various End-Use Segments III-33
Table 74: EU Heat Exchangers Production by Region (2011):
Percentage Breakdown of Production Value for Germany,
Italy, France, Sweden, UK, Spain, Denmark, Netherlands and
Rest of EU (includes corresponding Graph/Chart) III-34
Competition from Low Cost Nations III-34
Rising Demand from Eastern Europe III-34
Replacement Market Driving Growth III-35
Adoption of Plate Heat Exchangers Accelerates III-35
Competitive Structure III-35
Table 75: European Market for Heat Exchangers (2011):
Percentage Share Breakdown of Value Sales for Key Players
(includes corresponding Graph/Chart) III-35

Table 76: European Market for Shell and Tube Heat
Exchangers (2011): Percentage Share Breakdown of Value
Sales for Key Players (includes corresponding Graph/Chart) III-36

Table 77: European Market for Gasketed Plate & Frame Heat
Exchangers (2011): Percentage Share Breakdown of Value
Sales for Key Players (includes corresponding Graph/Chart) III-36

Table 78: European Market for Brazed Plate & Frame Heat
Exchangers (2011): Percentage Share Breakdown of Value
Sales of Key Players (includes corresponding Graph/Chart) III-36

Table 79: European Market for All-Welded Plate & Frame
Heat Exchangers (2011): Percentage Share Breakdown of
Value Sales for Key Players (includes corresponding
Graph/Chart) III-36

Table 80: European Market for Air Cooled Heat Exchangers
(2011): Percentage Share Breakdown of Value Sales for Key
Players (includes corresponding Graph/Chart) III-37

Table 81: European Market for Cooling Tower Heat
Exchangers (2011): Percentage Share Breakdown of Value
Sales for Key Players (includes corresponding Graph/Chart) III-37
Market Analysis by Product Segment III-37
Shell and Tube Exchangers III-37
Market Accelerators III-37
Market Decelerators III-37
Plate and Frame Heat Exchangers III-38
Air Cooled Heat Exchangers III-38
Cooling Towers III-38
Analysis by End-Use Segment III-38
Table 82: European Market for Gasketed Plate & Frame Heat
Exchangers (2011): Percentage Share Breakdown of Value
Sales for Key End-Use Segments (includes corresponding
Graph/Chart) III-39

Table 83: European Market for Shell and Tube Heat
Exchangers (2011): Percentage Share Breakdown of Value
Sales for Key End-Use Segments (includes corresponding
Graph/Chart) III-39
Regulatory Environment III-40
Chemicals Industry III-40
A Case of Ethylene III-40
Fuel Processing III-40
HVAC and Refrigeration III-41
Other Applications III-41
B.Market Analytics III-42
Table 84: European Recent Past, Current & Future Analysis
for Heat Exchangers by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-42

Table 85: European Historic Review for Heat Exchangers by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-43

Table 86: European 15-Year Perspective for Heat Exchangers
by Geographic Region - Percentage Breakdown of Dollar Sales
for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-44

Table 87: European Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-45

Table 88: European Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-46

Table 89: European 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for Years 2004, 2011 & 2018
(includes corresponding Graph/Chart) III-47

Table 90: European Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Application Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2010
through 2018 (includes corresponding Graph/Chart) III-48

Table 91: European Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-49

Table 92: European 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for Years 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-50

4a. FRANCE III-51
A.Market Analysis III-51
Outlook III-51
Product Launch III-51
Key Player III-51
B.Market Analytics III-52
Table 93: French Recent Past, Current & Future Analysis for
Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-52

Table 94: French Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-53

Table 95: French 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Dollar Sales for
Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-54

Table 96: French Recent Past, Current & Future Analysis for
Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-55

Table 97: French Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-56

Table 98: French 15-Year Perspective for Heat Exchangers by
End-Use Segment - Percentage Breakdown of Dollar Sales for
Chemicals Industry, Fuel Processing, HVAC and Refrigeration,
Food and Beverage, Power Generation and Other Applications
Markets for 2004, 2011 & 2018 (includes corresponding
Graph/Chart) III-57

4b. GERMANY III-58
A.Market Analysis III-58
Outlook III-58
Product Launchs III-58
Strategic Corporate Developments III-58
Focus on Select Players III-60
B.Market Analytics III-62
Table 99: German Recent Past, Current & Future Analysis for
Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-62

Table 100: German Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-63

Table 101: German 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Dollar Sales for
Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-64

Table 102: German Recent Past, Current & Future Analysis for
Heat Exchangers by End- Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-65

Table 103: German Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-66

Table 104: German 15-Year Perspective for Heat Exchangers by
End-Use Segment - Percentage Breakdown of Dollar Sales for
Chemicals Industry, Fuel Processing, HVAC and Refrigeration,
Food and Beverage, Power Generation and Other Applications
Markets for 2004, 2011 & 2018 (includes corresponding
Graph/Chart) III-67

4c. ITALY III-68
A.Market Analysis III-68
Outlook III-68
Strategic Corporate Development III-68
B.Market Analytics III-69
Table 105: Italian Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-69

Table 106: Italian Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-70

Table 107: Italian 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-71

Table 108: Italian Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-72

Table 109: Italian Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-73

Table 110: Italian 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-74

4d. THE UNITED KINGDOM III-75
A.Market Analysis III-75
Outlook III-75
Product Launch III-75
Strategic Corporate Developments III-75
B.Market Analytics III-77
Table 111: UK Recent Past, Current & Future Analysis for
Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-77

Table 112: UK Historic Review for Heat Exchangers by Product
Segment - Shell and Tube Heat Exchangers, Plate and Frame
Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and
Other PHE), Air Cooled Heat Exchangers, Cooling Towers and
Other Heat Exchangers Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-78

Table 113: UK 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Dollar Sales for
Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-79

Table 114: UK Recent Past, Current & Future Analysis for
Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-80

Table 115: UK Historic Review for Heat Exchangers by End-Use
Segment - Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-81

Table 116: UK 15-Year Perspective for Heat Exchangers by
End-Use Segment - Percentage Breakdown of Dollar Sales for
Chemicals Industry, Fuel Processing, HVAC and Refrigeration,
Food and Beverage, Power Generation and Other Applications
Markets for 2004, 2011 & 2018 (includes corresponding
Graph/Chart) III-82

4e. SPAIN III-83
A.Market Analysis III-83
Outlook III-83
Strategic Corporate Development III-83
B.Market Analytics III-84
Table 117: Spanish Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-84

Table 118: Spanish Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-85

Table 119: Spanish 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-86

Table 120: Spanish Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-87

Table 121: Spanish Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-88

Table 122: Spanish 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-89

4f. RUSSIA III-90
A.Market Analysis III-90
Outlook III-90
Strategic Corporate Developments III-90
B.Market Analytics III-92
Table 123: Russian Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-92

Table 124: Russian Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-93

Table 125: Russian 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-94

Table 126: Russian Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-95

Table 127: Russian Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-96

Table 128: Russian 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-97

4g. REST OF EUROPE III-98
A.Market Analysis III-98
Outlook III-98
Product Introductions/Innovations III-98
Strategic Corporate Developments III-101
Focus on Select Players III-104
B.Market Analytics III-106
Table 129: Rest of Europe Recent Past, Current & Future
Analysis for Heat Exchangers by Product Segment - Shell and
Tube Heat Exchangers, Plate and Frame Heat Exchangers
(Gasketed PHE, Welded PHE, Brazed PHE and Other PHE), Air
Cooled Heat Exchangers, Cooling Towers and Other Heat
Exchangers Markets Independently Analyzed with Annual Sales
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-106

Table 130: Rest of Europe Historic Review for Heat
Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) III-107

Table 131: Rest of Europe 15-Year Perspective for Heat
Exchangers by Product Segment - Percentage Breakdown of
Dollar Sales for Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets for 2004, 2011 & 2018
(includes corresponding Graph/Chart) III-108

Table 132: Rest of Europe Recent Past, Current & Future
Analysis for Heat Exchangers by End-Use Segment - Chemicals
Industry, Fuel Processing, HVAC and Refrigeration, Food and
Beverage, Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-109

Table 133: Rest of Europe Historic Review for Heat
Exchangers by End-Use Segment - Chemicals Industry, Fuel
Processing, HVAC and Refrigeration, Food and Beverage, Power
Generation and Other Applications Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2004
through 2009 (includes corresponding Graph/Chart) III-110

Table 134: Rest of Europe 15-Year Perspective for Heat
Exchangers by End-Use Segment - Percentage Breakdown of
Dollar Sales for Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-111

5. ASIA-PACIFIC III-112
A.Market Analysis III-112
Outlook III-112
Nuclear Heat Exchangers Grow in Demand III-112
B.Market Analytics III-113
Table 135: Asia-Pacific Recent Past, Current & Future
Analysis for Heat Exchangers by Geographic Region - China
and Rest of Asia-Pacific Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-113

Table 136: Asia-Pacific Historic Review for Heat Exchangers
by Geographic Region - China and Rest of Asia-Pacific
Markets Independently Analyzed with Annual Sales in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-114

Table 137: Asia-Pacific 15-Year Perspective for Heat
Exchangers by Geographic Region - Percentage Breakdown of
Dollar Sales for China and Rest of Asia-Pacific Markets for
Years 2004, 2011 & 2018 (includes corresponding Graph/Chart) III-115

Table 138: Asia-Pacific Recent Past, Current & Future
Analysis for Heat Exchangers by Product Segment - Shell and
Tube Heat Exchangers, Plate and Frame Heat Exchangers
(Gasketed PHE, Welded PHE, Brazed PHE and Other PHE), Air
Cooled Heat Exchangers, Cooling Towers and Other Heat
Exchangers Markets Independently Analyzed with Annual Sales
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-116

Table 139: Asia-Pacific Historic Review for Heat Exchangers
by Product Segment - Shell and Tube Heat Exchangers, Plate
and Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed
PHE and Other PHE), Air Cooled Heat Exchangers, Cooling
Towers and Other Heat Exchangers Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2004
through 2009 (includes corresponding Graph/Chart) III-117

Table 140: Asia-Pacific 15-Year Perspective for Heat
Exchangers by Product Segment - Percentage Breakdown of
Dollar Sales for Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets for 2004, 2011 & 2018
(includes corresponding Graph/Chart) III-118

Table 141: Asia-Pacific Recent Past, Current & Future
Analysis for Heat Exchangers by End-Use Segment - Chemicals
Industry, Fuel Processing, HVAC and Refrigeration, Food and
Beverage, Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-119

Table 142: Asia-Pacific Historic Review for Heat Exchangers
by End-Use Segment - Chemicals Industry, Fuel Processing,
HVAC and Refrigeration, Food and Beverage, Power Generation
and Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-120

Table 143: Asia-Pacific 15-Year Perspective for Heat
Exchangers by End-Use Segment - Percentage Breakdown of
Dollar Sales for Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-121

5a. CHINA III-122
A.Market Analysis III-122
Outlook III-122
Governmental Initiatives to Drive Growth III-122
Rising Focus on Energy Saving, Environmentally Friendly
Technology III-122
Competitive Scenario III-123
Table 144: Leading Players in Chinese Plate Heat
Exchangers Market (2011): Percentage Breakdown of Revenues
of Leading Players (includes corresponding Graph/Chart) III-123

Table 145: Heat Consumption in China (2011): Percentage
Breakdown of Consumption by Sector (includes corresponding
Graph/Chart) III-123
Strategic Corporate Developments III-123
B.Market Analytics III-126
Table 146: Chinese Recent Past, Current & Future Analysis
for Heat Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-126

Table 147: Chinese Historic Review for Heat Exchangers by
Product Segment - Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets Independently Analyzed
with Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-127

Table 148: Chinese 15-Year Perspective for Heat Exchangers
by Product Segment - Percentage Breakdown of Dollar Sales
for Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-128

Table 149: Chinese Recent Past, Current & Future Analysis
for Heat Exchangers by End-Use Segment - Chemicals Industry,
Fuel Processing, HVAC and Refrigeration, Food and Beverage,
Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-129

Table 150: Chinese Historic Review for Heat Exchangers by
End-Use Segment - Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-130

Table 151: Chinese 15-Year Perspective for Heat Exchangers
by End-Use Segment - Percentage Breakdown of Dollar Sales
for Chemicals Industry, Fuel Processing, HVAC and
Refrigeration, Food and Beverage, Power Generation and Other
Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-131

5b. REST OF ASIA-PACIFIC III-132
A.Market Analysis III-132
Outlook III-132
Strategic Corporate Developments III-132
Product Innovations III-136
Focus on Select Players III-138
B.Market Analytics III-139
Table 152: Rest of Asia-Pacific Recent Past, Current &
Future Analysis for Heat Exchangers by Product Segment -
Shell and Tube Heat Exchangers, Plate and Frame Heat
Exchangers (Gasketed PHE, Welded PHE, Brazed PHE and Other
PHE), Air Cooled Heat Exchangers, Cooling Towers and Other
Heat Exchangers Markets Independently Analyzed with Annual
Sales in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-139

Table 153: Rest of Asia-Pacific Historic Review for Heat
Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) III-140

Table 154: Rest of Asia-Pacific 15-Year Perspective for Heat
Exchangers by Product Segment - Percentage Breakdown of
Dollar Sales for Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets for 2004, 2011 & 2018
(includes corresponding Graph/Chart) III-141

Table 155: Rest of Asia-Pacific Recent Past, Current &
Future Analysis for Heat Exchangers by End-Use Segment -
Chemicals Industry, Fuel Processing, HVAC and Refrigeration,
Food and Beverage, Power Generation and Other Applications
Markets Independently Analyzed with Annual Sales in US$
Million for Years 2010 through 2018 (includes corresponding
Graph/Chart) III-142

Table 156: Rest of Asia-Pacific Historic Review for Heat
Exchangers by End-Use Segment - Chemicals Industry, Fuel
Processing, HVAC and Refrigeration, Food and Beverage, Power
Generation and Other Applications Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2004
through 2009 (includes corresponding Graph/Chart) III-143

Table 157: Rest of Asia-Pacific 15-Year Perspective for Heat
Exchangers by End-Use Segment - Percentage Breakdown of
Dollar Sales for Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-144

6. LATIN AMERICA III-145
A.Market Analysis III-145
Outlook III-145
Strategic Corporate Developments III-145
B.Market Analytics III-147
Table 158: Latin American Recent Past, Current & Future
Analysis for Heat Exchangers by Product Segment - Shell and
Tube Heat Exchangers, Plate and Frame Heat Exchangers
(Gasketed PHE, Welded PHE, Brazed PHE and Other PHE), Air
Cooled Heat Exchangers, Cooling Towers and Other Heat
Exchangers Markets Independently Analyzed with Annual Sales
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-147

Table 159: Latin American Historic Review for Heat
Exchangers by Product Segment - Shell and Tube Heat
Exchangers, Plate and Frame Heat Exchangers (Gasketed PHE,
Welded PHE, Brazed PHE and Other PHE), Air Cooled Heat
Exchangers, Cooling Towers and Other Heat Exchangers Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2004 through 2009 (includes corresponding Graph/Chart) III-148

Table 160: Latin American 15-Year Perspective for Heat
Exchangers by Product Segment - Percentage Breakdown of
Dollar Sales for Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets for 2004, 2011 & 2018
(includes corresponding Graph/Chart) III-149

Table 161: Latin American Recent Past, Current & Future
Analysis for Heat Exchangers by End-Use Segment - Chemicals
Industry, Fuel Processing, HVAC and Refrigeration, Food and
Beverage, Power Generation and Other Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-150

Table 162: Latin American Historic Review for Heat
Exchangers by End-Use Segment - Chemicals Industry, Fuel
Processing, HVAC and Refrigeration, Food and Beverage, Power
Generation and Other Applications Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2004
through 2009 (includes corresponding Graph/Chart) III-151

Table 163: Latin American 15-Year Perspective for Heat
Exchangers by End-Use Segment - Percentage Breakdown of
Dollar Sales for Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-152

7. REST OF WORLD III-153
A.Market Analysis III-153
Outlook III-153
New Power Plant Projects to Provide Traction to South
African Heat Exchangers Market III-153
Strategic Corporate Developments III-154
Product Launch III-155
B.Market Analytics III-157
Table 164: Rest of World Recent Past, Current & Future
Analysis for Heat Exchangers by Product Segment - Shell and
Tube Heat Exchangers, Plate and Frame Heat Exchangers
(Gasketed PHE, Welded PHE, Brazed PHE and Other PHE), Air
Cooled Heat Exchangers, Cooling Towers and Other Heat
Exchangers Markets Independently Analyzed with Annual Sales
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-157

Table 165: Rest of World Historic Review for Heat Exchangers
by Product Segment - Shell and Tube Heat Exchangers, Plate
and Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed
PHE and Other PHE), Air Cooled Heat Exchangers, Cooling
Towers and Other Heat Exchangers Markets Independently
Analyzed with Annual Sales in US$ Million for Years 2004
through 2009 (includes corresponding Graph/Chart) III-158

Table 166: Rest of World 15-Year Perspective for Heat
Exchangers by Product Segment - Percentage Breakdown of
Dollar Sales for Shell and Tube Heat Exchangers, Plate and
Frame Heat Exchangers (Gasketed PHE, Welded PHE, Brazed PHE
and Other PHE), Air Cooled Heat Exchangers, Cooling Towers
and Other Heat Exchangers Markets for 2004, 2011 & 2018
(includes corresponding Graph/Chart) III-159

Table 167: Rest of World Recent Past, Current & Future
Analysis for Heat Exchangers by End-Use Segment - Chemicals
Industry, Fuel Processing, HVAC and Refrigeration, Food and
Beverage, Power Generation and Others Applications Markets
Independently Analyzed with Annual Sales in US$ Million for
Years 2010 through 2018 (includes corresponding Graph/Chart) III-160

Table 168: Rest of World Historic Review for Heat Exchangers
by End-Use Segment - Chemicals Industry, Fuel Processing,
HVAC and Refrigeration, Food and Beverage, Power Generation
and Other Applications Markets Independently Analyzed with
Annual Sales in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-161

Table 169: Rest of World 15-Year Perspective for Heat
Exchangers by End-Use Segment - Percentage Breakdown of
Dollar Sales for Chemicals Industry, Fuel Processing, HVAC
and Refrigeration, Food and Beverage, Power Generation and
Other Applications Markets for 2004, 2011 & 2018 (includes
corresponding Graph/Chart) III-162

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 585 (including Divisions/Subsidiaries - (677)

The United States (145)
Canada (18)
Japan (8)
Europe (378)
- France (26)
- Germany (76)
- The United Kingdom (66)
- Italy (64)
- Spain (9)
- Rest of Europe (137)
Asia-Pacific (Excluding Japan) (116)
Latin America (1)
Middle East (9)
Africa (2)

Heat exchangers are essential heat transfer devices used in all modern industrial and engineering applications ranging from automotive, aerospace, commercial building HVAC to heating, cooling, and heat recovery applications in industrial plants. A core component of all thermal systems, heat exchangers are vital and indispensable to energy conversion and utilization. The market continues to be driven by technology innovation and development. Improvements in energy efficiencies will emerge as a key differentiating factor for manufacturers to compete in the marketplace. Also poised to drive future gains are innovations that help lower total ownership costs, increase durability and efficiency of heat exchangers, and reduce vibration induced premature failures, especially in shell and tube heat exchangers. With continued technological progress, the future is forecast to witness applications of micro channel heat exchangers spread to chemical and cryogenic industries. In addition to technology innovation, demand will also be driven by rapid industrialization in developing countries and increasing investment in plant infrastructure.

The growing global focus on energy efficiency against a backdrop of rising energy costs and environmental pollution is poised to benefit the market for energy efficient heat exchangers in the upcoming years. Rising prices of coal and natural gas, shortages in domestic fuel sources, and rising cost of climate change in the form of increased carbon costs are key reasons cited for rising electricity prices worldwide. The cap on carbon dioxide emissions and the implementation of tradable permits, such as those legislated in the EU, establishes a market price for carbon thus ensuring that consumers pay the total cost of both energy generation and consumption (in the form carbon cost). The objective of most carbon cap policies is to encourage shared responsibility among utilities and the end-user and the same is benefiting the heat exchangers market. There exists increasing focus on upgrading to energy efficient heat exchangers in addition to monitoring, maintenance and timely replacements, as end-user industries are forced to adopt appropriate measures to enhance energy performance of heat exchangers in attempts to lower energy bills. And as more governments follow the EU route of charging industries for CO2 emissions, industries, especially process and manufacturing industries will have to face the energy challenge and consume less energy.

Against the backdrop of growing pressure on reducing energy consumption, compact heat exchangers (CHEs) are growing in popularity, especially in gas processing, petrochemicals, and fuel refining plants. Compact heat exchangers enable superior heat recovery and thereby better heat re-use. Heating of crude oil in oil & gas plants is the most energy intensive process and compact heat exchangers in this regard can help significantly reduce fuel consumption and operating costs while simultaneously strengthening the company’s bottomline.

Air-cooled heat exchangers, the adoption of which was hitherto limited by its higher installation and operating costs, is now forecast to witness robust growth. With water, especially cooling water for industrial purposes, becoming a scarce and expensive resource and with environmental concerns and tightening regulations over plumes emitted by cooling towers pushing up cost of operation of cooling towers, air cooled heat exchangers are now emerging into a cost effective, alternative to cooling towers. Demand for air cooled heat exchangers in Europe is especially forecast to rise given the increasing water costs/taxes and concerns over water pollution. For instance, in debt ridden countries like Portugal, Italy, Greece & Spain where financing of the water infrastructure is majorly through EU grants and central and local government debts, the austerity measures being adopted can likely limit the government’s investment, expenditure and subsidies in the water sector. Also the development, operation and maintenance cost of water infrastructure will most likely be shouldered by the taxpayer in the form of higher water bills and taxes. As the financial pressure exerted on governments bring out the true price of water, air cooled heat exchangers will offer a cost effective alternative for water-based cooling systems.

While the heat exchangers industry in other parts of the world continues its recovery from the 2007-2009 world economic recession, the market in Europe is running into a fresh set of challenges created by the ongoing debt crisis. The continued uncertainty in Europe caused by the periodic flaring up of the region’s debt crisis and the economic drag exerted by the deleveraging process underway in the region’s private, public and financial sector is overshadowing the market’s outlook in the region. With numerous factors still continuing to threaten CAPEX and OPEX in manufacturing industries in debt affected economies, sustained growth in demand for heat exchangers is currently treading the tight rope.

As stated by the new market research report on Heat Exchangers, Europe represents the largest market worldwide, while Asia-Pacific emerges as the fastest growing regional market. Growth in Asia-Pacific will be especially driven by China, given the robust economic growth and industrialization in the country. Industrial output in the country is the second largest in the world and accounts for over 49% of the country’s GDP, illustrating the country’s industrial prowess. As the world’s largest export oriented economy, industrial expansion in China has and will continue to grow robustly, at least in the short-to-medium-term, a scenario which bodes well for the heat exchangers market. While BRIC countries represent the market engine capable of driving growth in the short-to-medium term period, the continued spread of economic advancement and development to the East, will witness CIVETS emerge into a haven perfect for manufacturers seeking international expansion in the long-term. By product, Plate and Frame Heat Exchangers represents the fastest growing product segment, with dollar sales waxing at a CAGR of about 5.3% over the analysis period.

Global Industry Analysts ©

- AB & Co., TT Boilers (Denmark)
- AB Arex (Sweden)
- AB Berglunds Rostfria (Sweden)
- AB K A Ekström & Son (Sweden)
- AB Maskinarbeten (Sweden)
- AB Progetti Srl (Italy)
- ACO-Engineering A/S (Denmark)
- AEL Apparatebau GmbH Leisnig (Germany)
- AFCO (USA)
- AKG Group (Germany)
- AKS Heat Transfer (UK)
- ALFA Laval GmbH (Germany)
- ALZ Industrielle Luft- Und Wärmetechnik GmbH (Germany)
- AMI Exchangers Ltd. (UK)
- API Heat Transfer, Inc. (USA)
- API Schmidt-Bretten GmbH & Co. KG (Germany)
- APL Apparatebau GmbH (Germany)
- APV France (France)
- APV Heat Transfer (USA)
- APV North America (USA)
- APV UK Ltd. (UK)
- ASA Hydraulik GmbH (Austria)
- ASA Hydraulik UK Ltd. (UK)
- ASA Hydraulik of America (USA)
- AT&F Advanced Metals LLC (USA)
- Actini (France)
- Advance Cooling Tower Pvt., Ltd. (India)
- Aerferrisi Srl (Italy)
- Aero Engineers India (India)
- Aerofin Corporation (USA)
- Aguilar Y Salas SA (Spain)
- Air Products Malaysia Sdn Bhd (Malaysia)
- Air Products and Chemicals, Inc. (USA)
- Air System Barlage GmbH (Germany)
- Airec AB (Sweden)
- Airfins Ltd. (UK)
- Alfa Calor Exchangers Srl (Italy)
- Alfa Laval (India) Ltd. (India)
- Alfa Laval AB (Sweden)
- Alfa Laval Aalborg (Denmark)
- Alfa Laval Australia Pty., Ltd. (Australia)
- Alfa Laval Benelux NV-SA (Belgium)
- Alfa Laval Groningen BV (The Netherlands)
- Alfa Laval HES SAS (France)
- Alfa Laval Ltd. (UK)
- Alfa Laval Nordic A/S (Denmark)
- Alfa Laval Nordic AS (Norway)
- Alfa Laval Pty., Ltd. (South Africa)
- Alfa Laval Singapore Pte., Ltd. (Singapore)
- Alfa Laval SpA (Italy)
- Alfa Laval Spiral SNC (France)
- Alfa Laval Vicarb SA (France)
- Alfa Laval, Inc. (USA)
- Allards International Ltd. (UK)
- Allenspach Apparatebau AG (Switzerland)
- Allied Heat Transfer International (Australia)
- Alstom Power GmbH (Germany)
- Alstom Power Sro Alstom Group (Czech Republic)
- Alstom SA (France)
- Altex Industries, Inc. (Canada)
- Ambassador Heat Transfer Company (USA)
- Amer Industrial Technologies, Inc. (USA)
- American Industrial Heat Transfer, Inc. (USA)
- Ameridex Plate Exchangers (USA)
- Ametek, Inc. (USA)
- Anguil Environmental Systems, Inc. (USA)
- Anlagenbau Boehmer GmbH (Germany)
- Apparatebau GmbH Crimmitschau (Germany)
- Applied Machinery Co., Ltd. (Thailand)
- Applied Thermal Control Ltd. (UK)
- Aqua Energy International Ltd. (UK)
- Arasta Dis Ticaret Ve Makine San. Ltd. Sti (Turkey)
- Arsopi-Indústrias Metalúrgicas Arlindo S. Pinho SA (Portugal)
- Asarums Industri AB (Sweden)
- Aspick Engineering Pvt., Ltd. (India)
- Astra Refrigeranti SpA (Italy)
- Atlas Industrial Mfg., Co. (USA)
- Azar Energy Company (Iran)
- Azomet Zaklad Mechaniczny Azomet Sp. Zoo (Poland)
- BGR Energy Systems Ltd. (India)
- BTN SA (Belgium)
- Babcock Power, Inc. (USA)
- Badrin Industries (India)
- Balcke-Durr GmbH (Germany)
- Baltimore Aircoil (Aust) Pty., Ltd. (Australia)
- Baltimore Aircoil Company, Inc. (USA)
- Baltimore Aircoil Int. NV (Belgium)
- Baltimore Aircoil Italia Srl (Italy)
- Barriquand Technologies Thermiques (France)
- Becker & Rosenthal & Co Apparate-, Behdlter-Und Behncke GmbH (Germany)
- Belleli Energy CPE SpA (Italy)
- Bero-Technik AG (Switzerland)
- Bharat Heavy Plates and Vessels Ltd. (India)
- Bilfal Ltd. (Saudi Arabia)
- Bismo Industrier AS (Norway)
- Blesi-Evans Company (USA)
- Boldrocchi Srl (Italy)
- Britannia Heatex Ltd. (UK)
- Broadland Radiators & Heat Exchangers Ltd. (UK)
- Bronswerk Heat Transfer BV (The Netherlands)
- Bronswerk Heat Transfer Spol Sro (Czech Republic)
- Bronswerk® Klarex Technology BV (The Netherlands)
- Buco Wärmeaustauscher International GmbH (Germany)
- By-Cast NV (Belgium)
- C Doctors India Pvt., Ltd. (India)
- CEPIC (France)
- CGA SpA (Italy)
- CIAT - Compagnie Industrielle D' Applications Thermiques (France)
- CPE Systems, Inc. (Canada)
- Cabero Wärmetauscher GmbH & Co. KG (Germany)
- Cal Gavin Ltd. (UK)
- Calhex Industries Ltd. (Canada)
- Calligaris SAS (Italy)
- Calorifer AG (Switzerland)
- Calorplast Wärmetechnik GmbH (Germany)
- Calortec Oy (Finland)
- Calsonic Kansei Corporation (Japan)
- Calsonic Kansei Europe PLC (UK)
- Canara Engineers Pvt., Ltd. (India)
- Carmel Engineering, Inc. (USA)
- Catalytic Products International, Inc. (USA)
- Centralne Biuro Konstrukcji Kotlow SA (Poland)
- Charles Thompson Ltd. (UK)
- Chart Industries, Inc. (USA)
- Cheng Chen Machinery Co., Ltd. (Taiwan)
- Chester-Jensen Co., Inc. (USA)
- Chicago Bridge & Iron Company NV (The Netherlands)
- Chintamani Thermal Technologies Pvt., Ltd. (India)
- Chladici Veze Praha AS (Czech Republic)
- Cipriani Scambiatori Srl (Italy)
- Coek Engineering NV (Belgium)
- Coil Company Pvt., Ltd. (India)
- Coimbatore Cooling Towers Pvt., Ltd. (India)
- Cole Industrial, Inc. (USA)
- Collard & Trolart Thermique (France)
- Comesse Soudure SA (France)
- Comeval SL (Spain)
- Consite Engineering Co., Ltd. (India)
- Constructiebedrijf Verkouille (Belgium)
- Cooke Industries Ltd. (New Zealand)
- Coolcentric® (USA)
- Coolson AG (Switzerland)
- Corneloup Vuillafans (France)
- Covrad Heat Transfer Ltd. (UK)
- DEG Engineering GmbH (Germany)
- Dama Gostar (Iran)
- Damafin Thermal Technology Company (Iran)
- Dana Holding Corporation (USA)
- Danfoss A/S (Denmark)
- Danfoss LLC (USA)
- Danfoss Qinbao (Hangzhou) Heat Exchanger Co., Ltd. (China)
- Deca Srl (Italy)
- Decometa NV (Belgium)
- Decsa Srl (Italy)
- Delaunay & Fils (France)
- Delphi Automotive PLC (USA)
- Delta Cooling Towers, Inc. (USA)
- Delta Electronics, Inc. (Taiwan)
- Delta T Heat Exchangers (Canada)
- Deltacoils Srl (Italy)
- Dimplex Thermal Solutions (USA)
- Dino Anlagen- Und Maschinenbau GmbH (Germany)
- Diversified Heat Transfer, Inc. (USA)
- Dolphin Manufacturing Ltd. (UAE)
- Donghwa Entec Co., Ltd. (Korea)
- Doosan VINA (Vietnam)
- Doucette Industries, Inc. (USA)
- Doyle & Roth Mfg. Co., Inc. (USA)
- Dry Coolers, Inc. (USA)
- Dunham-Bush, Inc. (USA)
- Durex Industries, Inc. (USA)
- Dynatherm (UK)
- E & S Planbau Kühlturmbau GmbH (Germany)
- E R Curtain Pty., Ltd. (Australia)
- E. Prang & Co. KG (Germany)
- E.W. Gohl GmbH (Germany)
- EJ Bowman (Birmingham) Ltd. (UK)
- Eclipse, Inc. (USA)
- Ekme SA (Greece)
- Ekstrom & Son AB (Sweden)
- Ekströms Värmetekniska AB (Sweden)
- Elektromet M.W.Jurkiewicz; Zaklad Urzadzen Grzewczych (Poland)
- Elte Sro (Czech Republic)
- Elterm Isi Sanayi Ve Ticaret Ltd. Sti. (Turkey)
- Emerson Network Power (USA)
- Enerfin, Inc. (Canada)
- Energomash Corporation (Russia)
- Energy Exchanger Company (USA)
- Energy Products International (New Zealand)
- Enerquip, Inc. (USA)
- Enginemates Heat Transfer Pvt., Ltd. (India)
- Enventus Energy Recovery AB (Sweden)
- Equipos Termo Metalicos SA (Spain)
- Equipos Y Representaciones SA (Spain)
- Ettore Zanon SpA (Italy)
- Eurocoil SpA (Italy)
- Eurocoils Ltd. (UK)
- European Thermodynamics Ltd. (UK)
- Evapco Europe NV (Belgium)
- Evapco, Inc. (USA)
- Evencure Systems (USA)
- Exact Exchanger, Inc. (USA)
- Excon Steel AS (Czech Republic)
- Exergy LLC (USA)
- Expo Gas Containers Ltd. (India)
- F.A.T.I. Srl (Italy)
- FACO SpA (Italy)
- Famet Process Equipment And Machinery, Inc. (Poland)
- Fenzi Serbatoi, Snc (Italy)
- Ferreo A/S (Denmark)
- Ferroli Ltd. (UK)
- Fjell Industrier AS (Norway)
- Flex Coils A/S (Denmark)
- Flotech Ltd. (New Zealand)
- Flovex SpA (Italy)
- Flowlink Industries Pvt., Ltd. (India)
- Fluorotherm (USA)
- Fläkt Woods Group SA (Switzerland)
- Frigo Eporedia, Impresa Individuale (Italy)
- FrigoDynamics GmbH (Germany)
- Frigoterm d.o.o. (Croatia)
- Funke Wärmeaustauscher Apparatebau GmbH (Germany)
- G-Mar (Russia)
- GAB Neumann GmbH (Germany)
- GDM Heat Transfer Ltd. (UK)
- GE Oil and Gas (USA)
- GEA Batignolles Technologies Thermiques (France)
- GEA Bloksma BV (The Netherlands)
- GEA Erge Spirale Et Soramat (France)
- GEA FES, Inc. (USA)
- GEA Group AG (Germany)
- GEA Happel Klimatechnik GmbH (Germany)
- GEA Heat Exchangers GmbH (Germany)
- GEA Iberica SA (Spain)
- GEA Luftkühler GmbH (Germany)
- GEA Mashimpeks (Russia)
- GEA PHE Systems North America, Inc. (USA)
- GEA Polacel Cooling Towers BV (The Netherlands)
- GEA Polska Sp. zoo (Poland)
- GEA Rainey Corporation (USA)
- GEA Renzmann & Grünewald GmbH (Germany)
- GEI Industrial Systems Ltd. (India)
- GIG Karasek GmbH (Austria)
- GMS Thermal Products Ltd. (UK)
- GWA Gesellschaft Für Wärme- Und Anlagentechnik MbH (Germany)
- Gammon India Ltd. (India)
- General Air Products, Inc. (USA)
- George Fischer LLC (USA)
- Gesellschaft Für Oeltechnik mbH (Germany)
- Giannoni France (France)
- Gidravlik (Russia)
- Gold Bar Engineering Ltd. (Israel)
- Gooch Thermal Systems (USA)
- Graham Corporation (USA)
- Graham Hart (Process) Technology Ltd. (UK)
- Greenbox (Europe) Co., Ltd. (UK)
- Guntner (UK) Ltd. (UK)
- Guntner AG & Co., & KG (Germany)
- Gupex AS (Norway)
- HGF Plate Heat Exchangers Pty., Ltd. (South Africa)
- HRS Heat Exchangers Ltd. (UK)
- HRS Process Systems Pvt., Ltd. (India)
- HRS-Spiratube SL (Spain)
- HTA Hochtemperatur-Abwärmetechnik GmbH (Germany)
- HTT® Energy Systems GmbH (Germany)
- Hammco, Inc. (USA)
- Hamon D'hondt Middle East Co., Ltd. (Saudi Arabia)
- Hamon Group (Belgium)
- Hamon Korea Co., Ltd. (South Korea)
- Hamon Shriram Cottrell (USA)
- Hamon Thermal Europe (France)
- Hamon Thermal Germany GmbH (Germany)
- Hamon UK Ltd. (UK)
- Harald Liebers, Behälter-Apparatebau GmbH (Germany)
- Hararat Gostar Manufacturing & Engineering Co. (Iran)
- Harsco Industrial Air-X-Changers (USA)
- Havalandirma Endustri Sanayi Ve Ticaret (Turkey)
- Hayden Industrial Products (USA)
- Heap Dawson Ltd. (UK)
- Heat Exchange Applied Technology (USA)
- Heatex AB (Sweden)
- Heatric (UK)
- Heft Engineers (India)
- Hering AG (Germany)
- High Country Fabrication, Inc. (USA)
- Hindustan Radiators And Heat Exchangers Pvt., Ltd. (India)
- Hisaka Works Ltd. (Japan)
- Hoffman Process, Inc. (USA)
- Howden Group Ltd. (UK)
- Hudson Products Corporation (USA)
- Hughes-Anderson Heat Exchangers, Inc. (USA)
- Hydr-O-Thrift Corporation (USA)
- Hydro Dyne, Inc. (USA)
- I.B.S. Srl (Industria Bustese Scambiatori) (Italy)
- I.R.O.P. Snc (Di F. Lli Zanacca) (Italy)
- IST-Edelstahl-Anlagenbau AG (Switzerland)
- Ilmastointi & Ohutlevy Oy (Finland)
- Ilmed Group (Italy)
- Industrias Técnicas De Galicia SA (Integasa) (Spain)
- Interklima SA (Greece)
- International Industrial Gases Ltd. (India)
- Ipros Doo (Slovenia)
- Irish & Associates Co., Inc. (USA)
- Isotherm, Inc. (USA)
- Izotechnik SP.J. Zbigniew Rola I Spolka; Przedsiebiorstwo Uslug Technicznych (Poland)
- J M Heat Exchangers Ltd. (UK)
- JFD Tube & Coil Products, Inc. (USA)
- Japrotek Oy AB (Finland)
- Jord International (Australia)
- Joseph Oat Corporation (USA)
- Jumag Damferzeuger GmbH (Germany)
- K-Protos AS (Czech Republic)
- KAM Thermal Equipment Ltd. (USA)
- KNM Group Bhd (Malaysia)
- Kale Oto Radyatör AS (Turkey)
- Kaori BPHE (Canada)
- Kaori Heat Treatment Co., Ltd. (Taiwan)
- Karyer Group (Turkey)
- Kastt, Spol. Sro (Czech Republic)
- Kaukora Oy (Finland)
- Kennedy Tank & Manufacturing (USA)
- Kerr Pump & Supply Company (USA)
- Kobe Steel Ltd. (Japan)
- Koch Heat Transfer Canada (Canada)
- Koch Heat Transfer Company LP (USA)
- Konveyor AS (Turkey)
- Kooltronic, Inc. (USA)
- Kralovopolska AS (Czech Republic)
- Kraps GmbH (Germany)
- Krashin - Shalev Metal Industries Ltd. (Israel)
- Kurose Chemical Equipment Company (Japan)
- L&M Radiator Pty., Ltd. (Australia)
- LU-VE SpA (Italy)
- Lakeside Cooling Towers (Australasia) Pty., Ltd. (Australia)
- Larsen & Toubro Ltd. (India)
- Lytron (USA)
- MBNS - International Spol. Sro (Czech Republic)
- MEHR ASL Manufacturing Corporation (Iran)
- MGG Group BV (The Netherlands)
- MSP Technology LLC (USA)
- Madden Manufacturing, Inc. (USA)
- Magen Eco-Energy (Israel)
- Mahle GmbH (Germany)
- Maivisa SL (Spain)
- Malnar Industries Ltd. (Canada)
- Manning & Lewis Engineering Company (USA)
- Martin Larsson I Pålsboda AB (Sweden)
- Mayr and Wilhelm GmbH and Co. KG (Germany)
- McRae Engineering Equipment Ltd. (Canada)
- Metallurgica Medolago Srl (Italy)
- Mico Spol Sro (Czech Republic)
- Modine Manufacturing Company (USA)
- Munters AB (Sweden)
- Munters Corporation-Des Champs (USA)
- NPO Hamilton Standard – Nauka (Russia)
- Nakkilan Metalli Oy (Finland)
- Nanjing Jinneng Process Equipment Co., Ltd. (China)
- Ness Warmetechnik GmbH (Germany)
- Niagara Blower Company (USA)
- Nippon Light Metal Co., Ltd. (NLM) (Japan)
- Northern Special Metal Fabricators Ltd. (UK)
- OAO Alfa Laval Potok (Russia)
- OCCO Coolers Ltd. (UK)
- OEM Dynamics Pty., Ltd. (Australia)
- ORCA Marine Cooling Systems (USA)
- OSA Caldaie Srl (Italy)
- Oeltechnik France Sarl (France)
- Officine Luigi Resta SpA (Italy)
- Ohmstede Ltd. (USA)
- Olaer Fawcett Christie Ltd. (UK)
- Olayan Descon (Saudi Arabia)
- Olmar Srl (Italy)
- Olmi SpA (Italy)
- Omca Plants Srl (Italy)
- Opcon AB (Sweden)
- Oran Heating Equipment Ltd. (Israel)
- Outotec Oyj (Finland)
- Oy Ekocoil (Finland)
- Oy Pumppulohja AB (Finland)
- P.A. Hilton Ltd. (UK)
- PT Grand Kartech (Indonesia)
- PWT Prozess- Wärmeträgertechnik GmbH (Germany)
- PZL- Debica SA (Poland)
- Pacetti Srl (Italy)
- Pacific Marine & Industrial (USA)
- Pacovské Strojirny - Trading Spol Sro (Czech Republic)
- Paharpur Cooling Towers Ltd. (India)
- Palosaaren Metalli Oy (Finland)
- Parkaire Engineering Co. Pvt., Ltd. (India)
- Parto Abgardan Cooling Towers (Iran)
- Patterson Industries (Canada) Ltd. (Canada)
- Paul Mueller Company (USA)
- Paul and Loughran Ltd. (UK)
- Pfannenberg France SA (France)
- Pfannenberg Group Holding GmbH (Germany)
- Pfannenberg Italia Srl (Italy)
- Pfannenberg USA (USA)
- Phex LLC (USA)
- Picker SA (France)
- Pilotta Angelo Srl (Italy)
- Polar Power, Inc. (USA)
- Polaris Plate Heat Exchangers (USA)
- PolyScience (USA)
- Polytetra GmbH (Germany)
- Poole Process Equipment Ltd. (UK)
- Poulad Sazan Farayand Industrial & Productive Company (Iran)
- Praj Industries Ltd. (India)
- Pranav Vikas India Ltd. (India)
- Praxair (China) Investment Co., Ltd. (China)
- Praxair, Inc. (USA)
- Precision Equipment (Chennai) Pvt., Ltd. (India)
- Pressure Vessels India (India)
- Process Technology, Inc. (USA)
- Propak Systems Ltd. (Canada)
- Quintel, Inc. (USA)
- R & B Scambiatori Di Calore Srl (Italy)
- RCR Tomlinson Ltd. (Australia)
- Raal SA (Romania)
- Racioterm Sro (Czech Republic)
- Rafako SA (Poland)
- Ravagnan SpA (Italy)
- Ray's Radiator, Inc. (USA)
- Richard Stihler GmbH (Germany)
- Rittal Corporation (USA)
- Rittal GmbH & Co. KG (Germany)
- Rittal Ltd. (UK)
- Robox Heat Technology BV (The Netherlands)
- Rolls Royce (Korea)
- Roscher Apparatebau GmbH & Co. KG (Germany)
- Rotary Heat Exchangers Pty., Ltd. (Australia)
- Rubicon Industries Corporation (USA)
- Rubsamen And Herr Elektrobau GmbH (Germany)
- Rutek A/S (Denmark)
- S & P Coil Products Ltd. (UK)
- S&T Corporation (Korea)
- S. A. Armstrong Ltd. (Canada)
- S.C.A.M. SpA (Italy)
- SEC Heat Exchangers (Canada)
- SGL Carbon SE (Germany)
- SGL Carbon Technic LLC (USA)
- SGL Carbon Technic SAS (France)
- SICES SpA (Italy)
- SIMAS SpA (Italy)
- SME Associates LLC (USA)
- SPX Cooling Technologies (UK) Ltd. (UK)
- SPX Cooling Technologies, Inc. (USA)
- SPX Corporation (USA)
- SWEP International AB (Sweden)
- Sabafarin Company (Iran)
- Saran Air Conditioning Mfg. Group (Iran)
- Saravel (Iran)
- Sasmith Engineering Corporation (India)
- Schiller Apparatebau GmbH (Germany)
- Schmole GmbH (Germany)
- SeCesPol-CZ Spol. Sro (Czech Republic)
- Secespol Of Canada Corporation (Canada)
- Seico Heizungen GmbH (Germany)
- Seifert MTM Systems Malta Ltd. (Malta)
- Sen-Dure Products, Inc. (USA)
- Sentry Equipment Corporation (USA)
- Sepak Industries Pty., Ltd. (Australia)
- Sesino Costante SpA (Italy)
- Setrab AB (Sweden)
- Shinhan Heat Exchanger Ind. Co., Ltd. (Korea)
- Shriram EPC Ltd. (India)
- Sinjungwoo Industrial Co., Ltd. (Korea)
- Skoda Power Sro (Czech republic)
- SmartHeat, Inc. (China)
- Smithco Engineering, Inc. (USA)
- Solex Thermal Science, Inc. (Canada)
- Sondex AS (Denmark)
- Sondex Australia Pty., Ltd. (Australia)
- Sondex Deutschland GmbH (Germany)
- Southern Heat Exchanger Corporation (USA)
- Specialised Welding (WA) Pty., Ltd. (Australia)
- Sperre Industri AS (Norway)
- Spirec (France)
- Spirec North America, Inc. (USA)
- Spiro-Gills Thermal Products Ltd. (UK)
- Stanref International Ltd. (UK)
- Step Trutnov AS (Czech Republic)
- Sumitomo Precision Products Co., Ltd. (Japan)
- Superchill Australia Pty., Ltd. (Australia)
- Systems H2O (USA)
- TAT Technologies Ltd. (Israel)
- TEC-SIM Srl (Italy)
- TTC Norge AS (Norway)
- Taco, Inc. (USA)
- Tahvieh PJS (Iran)
- Taibong Industries, Inc. (Korea)
- Taisei Kogyo Co., Ltd. (Japan)
- Tantaline® (Denmark)
- Techno System Srl (Italy)
- Technológia Mérnöki Iroda Ltd. (Hungary)
- Tek-Temp Instruments (USA)
- Tema India Ltd. (India)
- Tempco Srl (Italy)
- Tenez AS (Czech Republic)
- Tepat Teknik Sdn Bhd (Malaysia)
- Teralba Industries (Australia)
- Termorep SA (Romania)
- Thai Cooling Tower Co., Ltd. (Thailand)
- ThermaSys Corporation (USA)
- Thermacore Europe Ltd. (UK)
- Thermal Care, Inc. (USA)
- Thermal Engineering International USA, Inc. (USA)
- Thermal Products, Inc. (USA)
- Thermal Systems (Hyderabad) Pvt., Ltd. (India)
- Thermal Transfer Products (USA)
- Thermex Ltd. (UK)
- Thermo Dynamics Ltd. (Canada)
- Thermodynetics, Inc. (USA)
- Thermofin GmbH (Germany)
- Thermokey SpA (Italy)
- Thermomec Corporation (Argentina)
- Thermotec Produktionsgesellschaft Mbh Apparate- Und Maschinenbau (Germany)
- Thermowave Gesellschaft für Wärmetechnik mbH (Germany)
- Titan Metal Fabricators (USA)
- Titanium Tantalum Products Ltd. (India)
- Tlakon SK Sro (Slovak Republic)
- Transitherm GmbH (Germany)
- Transtherm Ltd. (UK)
- Tranter, Inc. (USA)
- Triofab (I) Pvt., Ltd. (India)
- Turbotec Products, Inc. (USA)
- UK Exchangers Ltd. (UK)
- UTON (Romania)
- UZUC (Romania)
- Uniterm Srl (Italy)
- Universal Cooling Towers (India)
- VDL Klima BV (The Netherlands)
- VED Engineering (India)
- Vaahto Group PLC Oyj (Finland)
- Vatherus Oy (Finland)
- Vermeer Eemhaven BV (The Netherlands)
- Viessmann Werke GmbH & Co. KG (Germany)
- Villa & Bonaldi SpA (Italy)
- Villa Scambiatori Srl (Italy)
- Visteon Corporation (USA)
- WCR, Inc. (USA)
- Walter Roller GmbH + Company (Germany)
- Ward Tank and Heat Exchanger Corporation (USA)
- Weihe GmbH (Germany)
- Westwood Products, Inc. (USA)
- Whaley Products, Inc. (USA)
- Wilhelm Deller GmbH & Co. KG (Germany)
- Xchanger, Inc. (USA)
- Xylem, Inc. (USA)
- Yeomans Engineering Pty., Ltd. (Australia)
- Young Touchstone (USA)
- ZILMET SpA (Italy)
- Zahnradpumpenfabrik Mannheim GmbH (Germany)
- Zelkot (Poland)
- Zetterstroms Rostfria AB (Sweden)

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