Nov 26, 2020 SOURCE: BusinessWire

Heat Exchanger Market by Product, by End-user, and by Region – Global Forecast up to 2024 | Technavio

The heat exchanger market is expected to grow by USD 2.81 billion, progressing at a CAGR of about 3% during the forecast period.

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Technavio has announced its latest market research report titled Global Heat Exchanger Market 2020-2024 (Graphic: Business Wire)

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The demand from water and wastewater industry is one of the major factors propelling market growth. However, factors such as fouling of heat exchangers will hamper the market growth.

More details: https://www.technavio.com/report/heat-exchanger-market-industry-analysis

Heat Exchanger Market: Product Landscape

The shell and tube heat exchanger segment comprises three different types of shell and tube heat exchangers, namely u-tubes, straight tube heat exchangers, and straight tube heat exchangers. These heat exchangers are increasingly used for high-temperature and high-pressure applications in oil refineries and other large chemical processes. Market growth in the shell and tube segment will be faster than the growth of the market in the plate and frame, cooling tower, air cooled, and others' segments.

Heat Exchanger Market: Geographic Landscape

APAC will offer several growth opportunities to market vendors during the forecast period. The increasing demand for sustainable energy, fresh water, and agricultural and processed food products will significantly drive heat exchanger market growth in this region over the forecast period. 46% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for heat exchanger units in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

Alfa Laval AB
Chart Industries Inc.
Danfoss AS
Doosan Heavy Industries & Construction Co. Ltd.
Guntner GmbH and Co. KG.
Johnson Controls International Plc
Kelvion Holding GmbH
SPX FLOW Inc.
Thermax Ltd.
Xylem Inc.

What our reports offer:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2019, 2020, until 2024
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product
Shell and tube - Market size and forecast 2019-2024
Plate and frame - Market size and forecast 2019-2024
Cooling tower - Market size and forecast 2019-2024
Air cooled - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Product

Market Segmentation by End-user

Market segments
Comparison by End-user
Chemical - Market size and forecast 2019-2024
Fuel processing - Market size and forecast 2019-2024
HVAC - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user

Customer landscape

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers – Demand led growth
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption
Competitive scenario

Vendor Analysis

Vendors covered
Market positioning of vendors
Alfa Laval AB
Chart Industries Inc.
Danfoss AS
Doosan Heavy Industries & Construction Co. Ltd.
Guntner GmbH and Co. KG.
Johnson Controls International Plc
Kelvion Holding GmbH
SPX FLOW Inc.
Thermax Ltd.
Xylem Inc.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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