Heat Exchangers Market Size, Trends, Market Revenues, Future Growth and Outlook, 2017–2025

1. GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS Ankita Roy, Treesha Banerjee and Liza D’souza from Global Market Estimates throw the spotlight on the growing Heat ExchangersMarket. Heat Exchangers MarketInsights The Global Heat Exchangers market is expected to grow at a high CAGR over the forecast period. Growing industrialization in emerging economies in the Asia Pacific region is expected to boost the market for heat exchangers. Further, Increase in energy prices, growing demand for heating, ventilation and air conditioning services and need to comply with environmental regulation are factors expected to drive the market for heat exchangers during the forecastperiod. Technological developments and innovation in the heat exchangers market are further projected to positively impact the heat exchangers market. However, a relatively slow market growth in European and North American region and low awareness about energy efficiency is likely to restrain growth in the heat exchangersmarket. Heat Exchangers Market: Type Insights On the basis of type, the heat exchangers market can be classified into shell & tube heat exchangers, plate & frame heat exchangers and air-cooled heat exchangers among others. The shell & tube heat exchanger segment is expected to hold the largest market share in terms of revenue during the forecast period. These heat exchangers are capable of managing fluids at high temperatures and pressures. These properties make shell & tube heat exchangers preferable in multiple applications such as power generation, food & beverage, petrochemicals and chemicals amongothers. ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS

2. GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS Heat Exchangers Market: ApplicationInsights The Global Heat Exchangers market is segmented into chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, and pulp & paper among others based on application. The chemical applications segment is expected to hold the largest market share in terms of revenue owing to increasing demand for heat exchangers from large-scale chemical industries in emerging economies. The HVACR (Heating Ventilation Air Conditioning and Refrigeration) segment is projected to grow at the highest CAGR during the forecast period owing to the fast-growing construction industry and investment in infrastructure projects over the world. Heat Exchangers Market: RegionalInsights China and India are projected to grow at the highest CAGR in the heat exchangers market owing to rapid industrialization and demand for heat exchanger devices. Growing applications of heat exchangers in chemical, petrochemical, industrial and manufacturing sectors along with technological innovation in the same are expected to boost market growth during the forecast period. Europe is expected to hold the largest share of the heat exchangers market in terms of revenue. This growth can be attributed to various environmental regulations implemented by the European Union and growing environmental awareness. Heat Exchangers Market: End-UseLandscape The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase heat exchangers over the coming years. Some leading consumers of controlled release fertilizer are BASF, ExxonMobil, and EDF amongothers. ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS

3. GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS • Heat Exchangers Market: Vendor Landscape • The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence ofcompanies. • Heat Exchangers Market: Share & Competitor Analysis • Some of the key players operating in the Heat Exchangers market are Aggreko, Alfa Laval, Atlas Copco, Cummins, GEA group, SPX Corporation and Xylem Inc., Danfoss, Hisaka Works Ltd., API Heat Transfer, Hindustan Dorr-Oliver, Hamon Group, and Kirloskar BrothersLtd • In July 2018, Godrej & Boyce acquired the heat exchanger brands Yuba and Ecolaire from SPX Corporation • In November 2017, Kelvion developed heat exchanger plates for particles with mediums for industries such as food & beverage, pulp& paper, and petrochemicals amongothers. • The report segments the Heat Exchangers Market on the basisof: • ByType • Shell & Tube HeatExchangers • Plate & Frame HeatExchangers • Air Cooled HeatExchangers • ByApplication • Chemical • Petrochemical and Oil &Gas • HVACR • Food &Beverage • PowerGeneration • Pulp &Paper ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS

4. GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS • ByRegion: • NorthAmerica • Europe • AsiaPacific • Central & SouthAmerica • Middle East &Africa * This article contains text from the ‘Heat Exchangers Market’ report prepared by Global Market Estimates. For more information or to buy the report, please visit:https://www.globalmarketestimates.com/heat-exchangers-market/ * Check our annual research partnership serviceat: https://www.globalmarketestimates.com/annual-research-partnership-services/ ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH &CONSULTANTS