Key players in the Europe 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 09, 2015
A heat exchanger is equipment used for efficient transfer of thermal energy between two or more fluids, between a solid surface and a fluid, at different temperatures, and in thermal contact. In the design of heat exchanger, heat transfer equations are applied to calculate this transfer of energy to carry it out efficiently under controlled conditions.
Browse through the TOC of the Europe Heat Exchangers Market for an analysis of industry trends and segments, with the help of various tables and figures.
A heat exchanger consists of various elements, such as a core or matrix containing the heat transfer surface, and fluid distribution elements namely headers, manifolds, tanks, inlet & outlet nozzles or pipes, or seals.
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Heat exchangers have become an essential part of any kind of HVAC and commercial refrigeration system. The main function of an HVAC system is to increase the energy efficiency by reducing energy consumption and by reducing the operating cost by transferring heat between two fluids, thus reducing overall energy bills. The heat exchangers are the best-known devices for this purpose. A wide variety of HVAC related applications, such as district heating/cooling chiller bypass cooling, heating source isolation, geothermal heating, and solar heating utilize different types of heat exchangers. This, in turn, is resulting in the growth of heat exchangers market in Europe.
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The European heat exchanger market was valued at $5,434.7 million in 2013 and is estimated to reach $6,846.9 million by 2018, registering a CAGR of 4.7%. Europe has always been a strong market and a leader in heat exchangers market with respect to demand as well as production capacity. Key countries in the European market include Italy, Germany, France, Sweden, and the U.K. Germany and France have shown a promising demand for heat exchangers, which is expected to continue in the near future. Europe accounted for approximately 38.8% revenue of the total revenue generated by the global heat exchanger market in 2013. Continuous expansion of chemical plants and growing segment of direct cooling and food processing plants in European countries are boosting the heat exchangers market.
Asia-Pacific Heat Exchangers Market
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, refrigeration and air conditioning, power generation and nuclear energy. The report estimates the Asia-Pacific Heat Exchanger market in terms of volume and value. The report provides a comprehensive review of the key market drivers, challenges, and key issues.
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