The world population is expected to reach nine billion by 2050, with most of the growth occurring in developing countries. Due to the increase in population, the global energy consumption is expected to increase drastically. This will also lead to the nations being industrialized. The growth of industrialization will certainly drive the market for heat exchangers, heating, ventilation and air conditioning systems (HVAC), which use heat exchangers, extensively. Cooling equipment in the HVAC systems, in the residential sector, will see an increasing demand for heat exchangers as most of the HVAC systems need refurbishments, along with new installations in many parts of the world.
The main concern regarding heat exchangers is the availability of raw material and their price fluctuation. Hence, this can be a constraint for the heat exchangers market. However, this market has several market opportunities, such as technological improvements and the growth of emerging markets across the world, especially in Asia-Pacific.
2. Research Approach and Methodology
3. Heat Exchangers Market Overview
3.2 Market Size and Demand Forecast to 2023
3.3 Recent Trends and Developments
3.4 Government Policies and Regulations
4. Market Dynamics
5. Porter's Five Forces Framework
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Consumers
5.3 Threat of New Entrants
5.4 Threat of Substitute Products and Services
5.5 Competitive Rivalry
6. Supply Chain Analysis
7. Global Heat Exchangers Market Analysis, by Geography
7.1 North America
7.1.1 Market Overview
7.1.2 Market Size and Demand Forecast to 2023
7.1.3 Recent Trends and Developments
7.2.1 Market Overview
7.2.2 Market Size and Demand Forecast to 2023
7.2.3 Recent Trends and Developments
7.3.1 Market Overview
7.3.2 Market Size and Demand Forecast to 2023
7.3.3 Recent Trends and Developments
7.4 South America
7.4.1 Market Overview
7.4.2 Market Size and Demand Forecast to 2023
7.4.3 Recent Trends and Developments
7.5 Africa & Middle East
7.5.1 Market Overview
7.5.2 Market Size and Demand Forecast to 2023
7.5.3 Recent Trends and Developments
8. Global Heat Exchangers Market Analysis, by Type
8.1 Shell & Tube Heat Exchangers
8.1.1 Market Overview
8.1.2 Market Size and Demand Forecast to 2023
8.2 Plate & Frame Heat Exchangers
8.2.1 Market Overview
8.2.2 Market Size and Demand Forecast to 2023
8.3 Air-Cooled Heat Exchangers
8.3.1 Market Overview
8.3.2 Market Size and Demand Forecast to 2023
9. Key Company Analysis
9.1 Alfa Laval Ab
9.2 Spx Corporation
9.3 General Electric
9.4 Kelvion Inc.
9.5 Hughes Anderson Heat Exchangers Inc.
9.6 Hudson Products Corp.
9.7 Lytron Inc.
9.8 Nexson Group
9.9 Harsco Corporation.
9.10 G.A.M. Holding Gmbh
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
11.1 Study Assumptions
- Alfa Laval Ab
- Barriquand Technologies Thermiques
- Danfoss A/S
- General Electric
- Hamon Group
- Hrs Heat Exchangers Ltd.
- Johnson Control
- Mitsibushi Electric
- Modine Manufacturing Company
- Sondex Holdings A/S
- Spx Corporation
- Xylem Inc.