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Global Heat Exchangers Market, Forecast to 2024

Global Heat Exchangers Market, Forecast to 2024

Investments in the Energy Sector, Particularly in North America and APAC, are Likely to Offset the Effects of the Trade War and Drive Long-term Market Growth

RELEASE DATE
25-Oct-2019
REGION
North America
Research Code: K40E-01-00-00-00
SKU: IA01546-GL-MR_23629
$4,950.00
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SKU
IA01546-GL-MR_23629
$4,950.00
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Description

This Frost & Sullivan research service analyzes the global heat exchangers market in detail from 2015 to 2024, where the base year of the study is 2018. This study examines the various product segments, end-user industries, and market shares, and offers a competitive analysis of the global market participants. Regional analyses are provided for North America, Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and the Rest of World (RoW).

Positive economic activity, focus on energy efficiency, and increased investments in the energy sector are set to sustain long-term market growth. North America, the largest economy in the world, recovered from sluggish demand to post strong growth in 2018. The renewed business optimism and rebuilding, and in some cases, the replacement of aging equipment are expected to drive growth in the energy sector, particularly in the oil and gas sector. The Europe, Middle East, and Africa (EMEA) region is also expected to follow a similar growth trajectory. Strength in the EU economy is expected to sustain short-term growth while upcoming events in the Middle East are expected to sustain medium-term growth. Similarly, Asia-Pacific, home to two of the fastest-growing major economies in the world, is another key growth engine due to the rising wealth in the region and the growth of the manufacturing sector. China and India are global powerhouses in the energy sector. The countries are expected to generate strong demand for heat exchangers throughout the forecast period, eventually helping the region become the largest revenue generator.

However, commoditization of the product increases the price pressure, affecting the profit margins of the market participants, especially in the light of intense competition from low-cost manufacturers. The biggest threat to this market is the US-China trade war; sanctions could dampen investment in key sectors and have a direct impact on the sales of heat exchangers. The focus on reduced system footprint, total cost of ownership, and reduced energy consumption are expected to result in a greater push for plate heat exchangers and the reduced adoption of shell-and-tube heat exchangers in many applications.


Research Highlights

This study examines the key growth drivers, restraints, product segments, and end-user industries in each region, and provides forecasts by end-user industry, product segments, and individual regions. In addition, this study also highlights future growth opportunities and the strategic imperatives that need to be undertaken by the market participants, in order to capitalize on these growth opportunities. This research service also includes a CEO's 360-degree perspective.

Key Features

In this research service, Frost & Sullivan's analysts examine the following product segments and end-user industries:

By Product Segment:

  • Shell-and-tube heat exchangers
  • Gasketed plate-and-frame heat exchangers
  • All-welded plate heat exchangers
  • Brazed plate heat exchangers
  • Air-cooled heat exchangers
  • Cooling tower systems

By End-user Application:

  • HVAC and refrigeration
  • Power generation
  • Chemicals and petrochemicals
  • Oil and gas
  • Food and beverage
  • Water and wastewater
  • Pharmaceuticals
  • Mining
  • Marine and shipbuilding
  • Others (heat exchangers employed in steel making, general engineering, pulp and paper, and other niche applications)

Table of Contents

Key Findings

Market Engineering Measurements—Heat Exchangers Market

CEO’s Perspective

Market Overview—Research Scope

Market Overview—Definitions

Market Overview—Definitions (continued)

Market Overview—Geographic Scope

Market Overview—End-User Segmentation

Market Overview—Key Questions this Study will Answer

Market Segmentation

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Revenue Forecast Discussion by Region (continued)

Revenue Forecast Discussion by Region (continued)

Revenue Forecast Discussion by Region (continued)

Percent Revenue Forecast by Product Segment

Revenue Forecast by Product Segment

Revenue Forecast Discussion by Product Segment

Percent Revenue Forecast by End-user Industry

Revenue Forecast by End-user Industry

Revenue Forecast Discussion by End-user Industry

Revenue Forecast Discussion by End-user Industry (continued)

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitor Growth Analysis

Competitive Factors and Assessment

Growth Opportunity 1—Become a Provider of Smart Solutions

Growth Opportunity 2—Invest in Additive Manufacturing

Growth Opportunity 3—Focus on Energy Efficiency

Strategic Imperatives for Success and Growth

North American Heat Exchangers Market—Key Findings

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Product Segment

Revenue Forecast by Product Segment

Revenue Forecast Discussion by Product Segment

Percent Revenue Forecast by End-user Industry

Revenue Forecast by End-user Industry

Revenue Forecast Discussion by End-user Industry

Revenue Forecast Discussion by End-user Industry (continued)

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

EMEA Heat Exchangers Market—Key Findings

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Product Segment

Revenue Forecast by Product Segment

Revenue Forecast Discussion by Product Segment

Percent Revenue Forecast by End-user Industry

Revenue Forecast by End-user Industry

Revenue Forecast Discussion by End-user Industry

Revenue Forecast Discussion by End-user Industry (continued)

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

APAC Heat Exchangers Market—Key Findings

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Product Segment

Revenue Forecast by Product Segment

Revenue Forecast Discussion by Product Segment

Percent Revenue Forecast by End-user Industry

Revenue Forecast by End-user Industry

Revenue Forecast Discussion by End-user Industry

Revenue Forecast Discussion by End-user Industry (continued)

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

LATAM Heat Exchangers Market—Key Findings

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Product Segment

Revenue Forecast by Product Segment

Revenue Forecast Discussion by Product Segment

Percent Revenue Forecast by End-user Industry

Revenue Forecast by End-user Industry

Revenue Forecast Discussion by End-user Industry

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Partial List of Companies Interviewed

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

This Frost & Sullivan research service analyzes the global heat exchangers market in detail from 2015 to 2024, where the base year of the study is 2018. This study examines the various product segments, end-user industries, and market shares, and offers a competitive analysis of the global market participants. Regional analyses are provided for North America, Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and the Rest of World (RoW). Positive economic activity, focus on energy efficiency, and increased investments in the energy sector are set to sustain long-term market growth. North America, the largest economy in the world, recovered from sluggish demand to post strong growth in 2018. The renewed business optimism and rebuilding, and in some cases, the replacement of aging equipment are expected to drive growth in the energy sector, particularly in the oil and gas sector. The Europe, Middle East, and Africa (EMEA) region is also expected to follow a similar growth trajectory. Strength in the EU economy is expected to sustain short-term growth while upcoming events in the Middle East are expected to sustain medium-term growth. Similarly, Asia-Pacific, home to two of the fastest-growing major economies in the world, is another key growth engine due to the rising wealth in the region and the growth of the manufacturing sector. China and India are global powerhouses in the energy sector. The countries are expected to generate strong demand for heat exchangers throughout the forecast period, eventually helping the region become the largest revenue generator. However, commoditization of the product increases the price pressure, affecting the profit margins of the market participants, especially in the light of intense competition from low-cost manufacturers. The biggest threat to this market is the US-China trade war; sanctions could dampen investment in key sectors and have a direct impact on the sales of heat exchangers. The focus on reduced system footprint, total cost of ownership, and reduced energy consumption are expected to result in a greater push for plate heat exchangers and the reduced adoption of shell-and-tube heat exchangers in many applications.--BEGIN PROMO--

Research Highlights

This study examines the key growth drivers, restraints, product segments, and end-user industries in each region, and provides forecasts by end-user industry, product segments, and individual regions. In addition, this study also highlights future growth opportunities and the strategic imperatives that need to be undertaken by the market participants, in order to capitalize on these growth opportunities. This research service also includes a CEO's 360-degree perspective.

Key Features

In this research service, Frost & Sullivan's analysts examine the following product segments and end-user industries:

By Product Segment:

  • Shell-and-tube heat exchangers
  • Gasketed plate-and-frame heat exchangers
  • All-welded plate heat exchangers
  • Brazed plate heat exchangers
  • Air-cooled heat exchangers
  • Cooling tower systems

By End-user Application:

  • HVAC and refrigeration
  • Power generation
  • Chemicals and petrochemicals
  • Oil and gas
  • Food and beverage
  • Water and wastewater
  • Pharmaceuticals
  • Mining
  • Marine and shipbuilding
  • Others (heat exchangers employed in steel making, general engineering, pulp and paper, and other niche applications)
More Information
No Index No
Podcast No
Author Varun Raman
Industries Industrial Automation
WIP Number K40E-01-00-00-00
Is Prebook No
GPS Codes 99EA-A5,9593,9420