Heat Exchangers are used to transfer heat between two or more fluids, between a solid surface and a fluid, or between solid particulates and a fluid, at different temperatures and in thermal contact. Heat Exchangers are an integral part of many businesses which includes industries, buildings, power generation and transport. The market for heat exchangers has been segmented on the basis of types and applications with major types including shell and tube heat exchangers and plate heat exchangers and major application areas being chemical industry, oil and gas industry, HVAC, food and beverage and power generation amongst the others.
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The report titled “Global Heat Exchanger Market: Trends and Opportunities (2014-2019)” provides an insight into the heat exchanger market. The report assesses the sizing and growth of the heat Exchanger market, the growth of various types of heat exchangers, and market segmentation based on various parameters and factors. The report provides a comprehensive overview of major market drivers, restraints, opportunities, key issues in the market and challenges faced by leading players in the industry. Further, key players like Alfa Laval, GEA Heat Exchangers, Danfoss and Xylem Inc. are analyzed in the report.
· Plate and Frame Type
· Shell and Tube
· Cooling Towers
· Air Cooled Heat Exchangers
· Other Heat Exchangers
· Chemical Industry
· HVAC & Refrigeration
· Food & Beverage Industry
· Oil and Gas
· Power Generation
· North America
· Asia Pacific
· Alfa Laval
· GEA Heat Exchangers
· Xylem Inc
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The global Heat Exchanger market has been witnessing phenomenal growth over the past few years and the market is expected to continue its growth momentum in the near future due to worldwide energy infrastructure expansion, increased demand from nuclear power sector, as well as a growing emphasis on reducing heat energy costs by increasing energy efficiency. New emerging technologies and regulations in certain regions have also helped in the growth of the industry.
Regional Analysis of the heat exchanger market reveals that Asia Pacific is the fastest growing region in terms of demand of heat exchangers whereas China is experiencing the highest demand globally, mainly due to new manufacturers entering the industry. European Union is also showing abundant signs of improvement and this can be seen from the statistics of rising demand of heat exchanger. Browse complete Table of Contents at http://www.marketreportsonline.com/390048-toc.html.
However, with immense growth opportunities, the heat exchanger market faces the challenges in terms of rising competition from new entrants, cost of replacing old models and rising energy cost. Due to rising environmental concerns many industries are adopting high-end energy-saving heat exchangers to mitigate the loss of their revenue, which is largely due to the rise in the cost of energy.
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