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Heat Exchangers - Global Market Trajectory & Analytics

  • ID: 347951
  • Report
  • May 2020
  • Region: Global
  • 682 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Heat Exchangers market worldwide will grow by a projected US$5 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.3%. Shell & Tube Heat Exchangers, one of the segments analyzed and sized in this study, is forecast to grow at over 3.7% and reach a market size of US$6.7 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Shell & Tube Heat Exchangers market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.1% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$119.2 Million to the region's size over the next 7 to 8 years. In addition, over US$126 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Shell & Tube Heat Exchangers segment will reach a market size of US$247.2 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Heat Exchangers market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 6.4% over the next couple of years and add approximately US$1.6 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Heat Exchangers market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

Air Products and Chemicals, Inc, Alfa Laval AB, API Heat Transfer, Balcke-Dürr GmbH, Barriquand Technologies Thermiques, Danfoss, Doosan Corporation, Enerquip, Inc, FUNKE WÄRMEAUSTAUSCHER APPARATEBAU GMB,

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Heat Exchangers: The Most Important & Ubiquitous Process Equipment in Industries
Recent Market Activity
With Global GDP Now Plateauing, It is a Mixed Bag of Opportunities & Challenges for the Heat Exchangers Market
Global PMI Weakens Through the 12-Months of 2018, Triggering Concerns Over the Health of the Manufacturing Industry in 2019
Competition
Market Outlook
Global Competitor Market Shares
Heat Exchangers Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
Air Products and Chemicals, Inc. (USA)
Alfa Laval AB (Sweden)
Tranter Inc. (USA)
API Heat Transfer (USA)
Balcke-Dürr GmbH (Germany)
Barriquand Technologies Thermiques (France)
Danfoss (Denmark)
Doosan Corporation (South Korea)
Enerquip, Inc. (USA)
FUNKE WÄRMEAUSTAUSCHER APPARATEBAU GMB (Germany)
Guntner U.S. LLC (USA)
Hamon Group (Belgium)
Harsco Industrial Air-X-Changers (USA)
Hisaka Works, Ltd (Japan)
HRS Heat Exchangers Ltd (UK)
Johnson Controls (Ireland)
Kelvion (Germany)
Koch Heat Transfer Company (USA)
McDermott
Mersen (USA)
SmartHeat Inc. (USA)
SPX Cooling Technologies, Inc. (USA)
SPX FLOW, Inc. (USA)
SWEP International AB (Sweden)
Vahterus Oy (Finland)
Xylem Inc. (USA)

3. MARKET TRENDS & DRIVERS
Key Market Trends, Drivers & Challenges
Artificial Intelligence Makes Its Revolutionary Presence Felt in the Heat Exchangers Market
Although Weakening, China to Remain a Dominant Market for Heat Exchangers in the Short to Medium Term Period
Wild Oil Prices Bring the Pain Back to the O&G Industry But Spurs the Emphasis on Productivity, Capital Efficiency & Ability to Break-Even at the Lowest Price
Rising Global Energy Needs Drives Stable Growth of Heat Exchangers in the Power Generation/ Utilities Sector
Continued Dominance of Coal & Move to Clean Coal Technologies to Drive the Importance of Heat Exchangers in Enabling Plant Efficiency & Emission Reduction
Focus on Renewable Energy: A Double Win for Heat Exchangers in the Energy Sector
Expected Revival of Nuclear Energy to Drive Opportunities in the Heat Exchangers Market
Focus on Energy Efficiency Drives Up the Revenue Margins for Energy Efficient Heat Exchangers
Energy Efficiency & Cost Savings Step up Market Opportunities for Compact Heat Exchangers
Energy Efficiency Benefits Drive Migration from Shell & Tube to Plate Heat Exchangers
Healthy Market for Processed Food to Benefit Demand for Heat Exchangers in the Food Processing Sector
Healthy Outlook for the World Chemical Industry Extends a Fillip to Heat Exchanger Demand
Stringent Wastewater Treatment Laws Provide Fertile Ground for Heat Exchanger Sales
Uncertainities Resurface After Two Years of Recovery in the Mining Industry, Throwing Heat Exchangers in Mining Applications Back Into Stress
Shortage of Freshwater Spurs Land Based Use of Seawater Heat Exchangers
Water Shortages to Drive Demand for Air Coolers
Innovations in Cooling Tower Design and Technology Crucial to Future Market Growth
Next-generation Factory Assembled Cooling Towers to Positively Impact Bottom Line of HVAC and Industrial Processes
Advancements in Plume Abatement Technologies and Drift Eliminators Address Environmental Concerns and Drive Healthy Demand
New Design and Material Innovations Increase Cooling Efficiency
Innovation in Heat Exchanger Flow Patterns, Fins & Grooves Infuse Vigor in the Marke
R&D Focus on Material Science Helps Leverage Benefits of Newer Raw Materials
Focus on Intelligent Maintenance & Continuous Monitoring of Heat Exchangers Drives Opportunities for Replacement Demand

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Heat Exchangers Market Share (in %) by Company: 2020 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Heat Exchangers Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 424
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