Research and Markets (http://www.researchandmarkets.com/research/n96gq4/heat_exchanger) has announced the addition of the "Heat Exchanger Market by Type, by Application, Classifications and Geography, Trends and Forecast to 2019" report to their offering.
Heat exchanger: $21.08 billion market by 2019 signifying firm annualized growth rate of 7.20% from 2014 to 2019
Heat Exchanger Market by Type (Shell & Tube, Plate & Frame, Air Cooled, Printed Circuit), by Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), Classifications (MoC, Temperature Range & Fluid Type) and Geography, Trends & Forecast to 2019
The global heat exchanger market has been witnessing many developments over the past few years. Heat exchanger is preferred and widely accepted equipment due to its green and energy efficient properties. The focus of various regulatory bodies to reduce the amount of green house gases for meeting the future sustainability are further driving the market for heat exchanger globally. Heat exchanger consumption has grown significantly in the recent times and is at an emerging stage in various countries.
Currently, Europe is the largest market of heat exchanger, acquiring more than 30.0% of the total global market. The region has huge installed plant capacities of heat exchanger and is an export based heat exchanger market. The heat exchanger market is emerging in various countries like China, Japan, India, Saudi Arabia, and Brazil due to increasing industrial activity. Also, large number of emerging manufacturers from Asia-Pacific and Eastern Europe are expected to reduce import dependence of various regions which is further expected to drive the heat exchanger market in future.
Due to stringent environmental regulations and increasing energy prices, the use of heat exchangers in various industries is gaining popularity. Moreover in countries like China, U.K., and other western countries the use of energy efficient heat exchangers is promoted by government hence, boosting the demand for heat exchangers. HVAC & refrigeration industry is flourishing at a fast pace in emerging economies like Asia-Pacific, Middle East, Ultimately driving the demand for heat exchangers in these regions.
The key manufacturers of heat exchanger, such as Alfa Laval AB (Sweden), GEA Group AG (Germany), Xylem Inc. (U.S.), Modine Manufacturing Company (U.S.), Danfoss A/S (Denmark) are investing in research & development activities and production facility to meet the growing demand for heat exchangers.
For more information visit http://www.researchandmarkets.com/research/n96gq4/heat_exchanger
