Growth Opportunities in the Global Heat Exchanger Market
The future of the global heat exchanger market looks promising with opportunities in the chemical,petrochemical and oil and gas applications. The global heat exchanger market is expected to reachan estimated $21.3 billion by 2022 and it is forecast to grow at a CAGR of 6.1% from 2017 to 2022.
The major drivers of growth for this market are rapid industrialization, a rise in HVACR deployments,and stringent environmental regulations.
In this market, chemical, petrochemical and oil and gas, paper and pulp, food and beverage,
HVACR, and power generation are the market segments by application. On the basis of producttype, the market is segmented into shell and tube, plate and frame, air-cooled, and others. On thebasis of its comprehensive research, Lucintel forecasts that the HVACR application is expected toshow above average growth during the forecast period.
Within the global heat exchanger market, the shell and tube segment is expected to remain thelargest market. Increase in number of oil field projects, and infrastructure development projectsacross all the regions are the major factors that will spur growth for this segment over the forecastperiod.
For business expansion, Lucintel’s report suggests innovation and new product development toensure smooth transmission of heat to save energy costs. The report further suggests thedevelopment of partnerships with customers to create win-win situations and the development oflow-cost solutions for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global heat exchanger market in terms of value ($ Mil).
Trend and forecast analysis: Global heat exchanger market trend (2011-2016) and forecast (2017-2022) by region and segment
Segmentation analysis: Global heat exchanger market size from 2011 to 2022 by application type, and product type as follows:
Global heat exchanger market size by application type:
Petrochemical and Oil and Gas
Food and Beverage
Paper and Pulp
Global heat exchanger market size by product type:
Shell and Tube
Plate and Frame
Regional analysis: Global heat exchanger breakdown by key regions of North America,
Europe, Asia Pacific and the Rest of the World
Growth opportunities: Analysis on growth opportunities in different application, product, and regions.
Strategic analysis: This includes M&A, new product development, and competitive landscape of global heat exchanger market suppliers.
Emerging applications: Emerging applications of the heat exchanger in the global heat exchanger market.
Analysis of the competitive intensity of the industry based on Porter’s Five Forces model