Key players in the Asia-Pacific Heat Exchangers Market are Alfa Laval AB, Danfoss Group, GEA Group, Hisaka Works Ltd, Modine Manufacturing Company, Sondex Holding A/S, SPX Cop, and XYLEM, Inc.
(PRWEB) January 10, 2015
The heat exchanger market of Asia-Pacific was valued at $2,869.2 million in 2013, and is projected to reach $4,747.5 million by 2018, with a CAGR of 10.6% between 2013 and 2018.
Browse through the TOC of Asia-Pacific Heat Exchangers Market for an analysis of industry trends, segments & forecasts.
A heat exchanger is the most common unit operation in any process industry. In an industrial facility, heat must be efficiently added, removed, or moved from one process stream to another. There are wide varieties of equipment available for this purpose. The heat transfer process in a heat exchanger is carried out by moving thermal energy from one fluid to another without the direct contact of fluids. Typical applications involve the heating or cooling of a fluid stream of concern and evaporation or condensation of single or multi-component fluid streams. In other applications, the objective may be to recover or reject heat or sterilize, pasteurize, fractionate, distill, concentrate, crystallize, or control a process fluid.
Early buyers will receive 10% customization on this report.
Asia-Pacific is the third-largest market for heat exchangers, with a significant contribution from China. China led the market with an almost 40% share of the total market, followed by India and Japan with 27.6% and 14.2% respectively in 2013. Asia-Pacific held an estimated market share of 19.3% in 2013. Leading players of this market include SmartHeat Inc. (China), Hisaka Works Ltd (Japan), and Hindustan Dorr-Oliver Limited (India), and others.
Speak to Analyst at http://www.micromarketmonitor.com/contact/1282591972-speak_to_analyst.html
The heat exchanger market is growing rapidly, and this trend is estimated to continue in future as well. The increase in demand for heat exchangers is attributed to heavy investments made from North American and European companies in Asia-Pacific region, especially in India and China, for projects in petroleum, chemicals, and petrochemical sector.
North America Heat Exchangers
The heat exchanger market is experiencing high growth due to increasing demand from capital intensive projects in the industries such as chemical, brewery & distillery, petroleum, desalination, marine, power generation, nuclear and refrigeration as well as air conditioning. The report estimates the North American Heat Exchanger market size both in terms of volume and value. The report provides a comprehensive review of the key market drivers, challenges, and key issues. North America’s heat exchanger market was valued at $3,952.14 million in 2013 and is estimated to reach $5,420.33 million by 2019, at a CAGR of 6.1%, for the given period.
Europe Heat Exchangers
Heat exchangers are heat transfer equipment, experiencing strong market growth. Much of this growth is due to a strong demand in its key application industries such as chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverages, pulp & paper, and power generation. The demand for major applications of the heat exchanger such as chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverages, pulp & paper, power generation, and others are covered in the report. The use of heat exchanger in the HVAC & refrigeration application is estimated to be highest growing application market for the heat exchanger in the European region. HVAC & refrigeration market was valued at $1,194.31 million in 2013 and is estimated to reached a CAGR of 6.4% by 2019.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Fort Worth, TX 76112
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.