Heat Exchanger Market COVID-19 Impact on Key Players, Industry Share and Growth Outlook

(The Express Wire via Comtex)

The global heat exchangermarket will benefit from advancements in product designs and manufacturing systems. According to a report published by Fortune Business Insights, titled “Heat Exchanger Market Size, Share and Industry Analysis, By Type, By Application and Regional Forecast, 2019-2026,” the overallheat exchangermarket is expected to grow from USD 15.21 Billion in 2018 to USD 29.14 Billion by 2026 at a CAGR of 8.55% during the forecast period.

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Heat exchanger systems are used to transfer energy from one system to another. The flexibility offered by the product in applications across major industries such as automotive, refrigeration, and chemical processes, and oil and gas have led to widespread adoption across the world. In many large scale industries, waste or heat residues are released into the air. This factor has a significant impact on global warming and poses a severe threat to the environment. Heat exchangers will help reduce the emission of heat directly into the atmosphere. The growing emphasis on environment preservation and strict government guidelines will lead to a subsequent demand for heat exchangers in the coming years.

List of Top Key Players Mentioned in the Report:

  • Alfa Laval
  • Kelvion
  • GEA Group Danfoss
  • SWEP
  • Thermax Limited
  • Tema India Ltd.
  • API Heat Transfer
  • Tranter, Inc.
  • Mersen
  • Linde Engineering
  • Air Products
  • HISAKA WORKS, LTD

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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“Rolls Royce’s Partnership with EDF Energy is a Major Highlight”

The increasing number of initiatives taken to reduce greenhouse gas emissions will create a high product demand in industrial manufacturing units. As heat exchangers are gaining popularity on a global scale, major companies are looking to invest in the development of heat exchangers, with a view to generating substantial heat exchanger market revenue. In 2018, Rolls Royce signed a contract with EDF Energy for the supply of heat exchangers, aimed at the development of nuclear systems and Hinkley Point C. This contract will aid thee expansion of the company on a global scale. The report highlights company collaborations, similar to Rolls Royce’s latest activity and states the impact of such events on the global heat exchanger market.

“Asia Pacific to Exhibit Highest CAGR Driven by High Product Demand”

The report analyzes the global heat exchangers market based on segments such as product type, applications, end-users, and regional demographics. Based on regional demographics, the report classifies the market into North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. Among these regions, heat exchangers have witnessed the highest demand in the Asia Pacific, due to growing industrialization in several countries across this region. Huge investment in reducing excessive heat emission, coupled with the increasing population will aid the growth of the market in Asia Pacific. Fortune Business Insights states that the heat exchangers market in Asia Pacific was valued at USD 4.99 Bn in 2018.

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The huge demand for heat exchangers has led to an increase in the number of market entrants in recent years. Fortune Business Insights attributes a substantial amount of market growth to newer market players, in addition to the existing companies.

Major Table of Contents:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Key Emerging Trends For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Industry SWOT Analysis
    • Porters Five Forces Analysis
    • Value Chain Analysis
  5. Global Heat Exchanger Market Analysis (USD Billion), Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Type
      • Shell and Tube
      • Plate and Frame
      • Air Coolers
      • Cooling Towers
      • Others
    • Market Analysis, Insights and Forecast By Application
      • Chemicals
      • Oil and Gas
      • Power Generation
      • HVAC
      • Automobile
      • Pharmaceuticals
      • Food and Beverage
      • Others
    • Market Analysis, Insights and Forecast By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East and Africa
  1. North America Heat Exchanger Market Analysis (USD Billion), Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Type

TOC Continued.......!

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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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