Market Research Reports

Heat Exchangers Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 - 2020

82pages
Published Date: 2015-01-02
 

Description



This report is an attempt by Transparency Market Research to identify the potentials and growth of heat exchangers market globally. The market segmentation for heat exchangers, as provided in the report include: application, product type and geography. The current and forecast analysis for all these segments has been provided in terms of revenue (USD Billion), considering 2013 as the base year. The forecast period for heat exchanger market covered in this report lies from 2014 to 2020. 

The report envisages potential heat exchanger market, attractiveness and trend based on forecast model and in-depth primary interviews with the key heat transfer professionals and scientists alongwith the portfolio analysis of the heat exchanger companies. All factors such as end user industry demographics need and preference of heat exchangers are analyzed. The report primarily focuses on the need of the client and therefore, has covered all feasible parameters and has provided quantifiable data.

This report is intended to provide heat exchanger market overview and is categorized accordingly. The various segments of heat exchanger market included in this report are accumulated and analyzed by the tracking of recent trends and growth in the heat exchanger industry. The in-depth analysis provided in the report is based on both commercial and project aspects by Transparency Market Research. The major economies covered in this report are North America, Europe, Asia Pacific, and Rest of the World (RoW).

The report also includes Porter’s five forces model, and the market attractiveness and DROs (Drivers, Restraints and Opportunities) for heat exchanger market. Some of the key players of the heat exchanger market included in this report are: GEA Heat Exchangers, Alfa Laval Corporate AB, Heatmaster BV, Allied Heat Transfer, SAACKE GmbH and Southwest Thermal Technology. The report provides an overview of the above mentioned companies followed by their financial overview, product portfolio, business strategies and recent developments. The report also provides the overview of current policies; standards and certification programs associated with the heat exchanger industry along with the recommendations for stakeholders to ensure sustainable and profitable heat exchanger market growth.

The uniqueness of report lies in the overall industrial description of heat exchanger market which is presently at a developed stage. This market is mainly segmented into three essential segments and includes the application of heat exchangers across varied industries; the specific heat exchanger product type and the geographies using heat exchangers. The in-depth analysis provided in this report covers all the aspects of the heat exchanger value chain. The report analyzes the importance of every stage and gives the logical and quantifiable data for the stages included in the value chain.

The global heat exchangers market has been segmented as below:

Global Heat Exchangers Market: By Geography
  • North America
  • Europe
  • Asia Pacific
  • RoW
Global Heat Exchangers Market: By Product Segment
  • Air Cooled
  • Plate and Frame
  • Shell and Tube
  • Others
Global Heat Exchanger Market: by End User Industry
  • HVAC
  • Chemicals
  • Power Generation
  • Others

Table of Contents



CHAPTER 1  PREFACE
1.1 REPORT DESCRIPTION
1.2 RESEARCH SCOPE
1.3 MARKET SEGMENTATION
1.4 RESEARCH METHODOLOGY

CHAPTER 2  EXECUTIVE SUMMARY

CHAPTER 3  GLOBAL HEAT EXCHANGERS MARKET – INDUSTRY ANALYSIS
3.1 INTRODUCTION
3.2 MARKET DYNAMICS
     3.2.1 GROWTH DRIVERS
             3.2.1.1 Increasing Investments in Offshore Exploration and Production Activity
             3.2.1.2 Rapid Growth in Global Power Generation Industries Due to Easy Adaptability and Low Fabrication and Maintenance Costs of Heat Exchangers
             3.2.1.3 Increasing Adoption of Power Saving Equipment and Growing Focus on Thermal Efficiency
     3.2.2 RESTRAINTS
             3.2.2.1 Recent Regulations Curbing Use of Fluorinated Greenhouse Gases (F-gas) in Heat Exchangers
             3.2.2.2 Rising Raw Material Prices for Heat Exchanger Fabrication
     3.2.3 OPPORTUNITIES
             3.2.3.1 Huge Potential for After-sale Services Segment
             3.2.3.2 Prospects of Strategic Alliance, Mergers and Acquisitions in Market
             3.2.3.3 In ception of New Hybrid Heat Exchanger Technology
3.3 VALUE CHAIN ANALYSIS: HEAT EXCHANGERS MARKET
3.4 PORTER’S FIVE FORCES ANALYSIS: GLOBAL HEAT EXCHANGERS MARKET
     3.4.1 BARGAINING POWER OF SUPPLIERS
     3.4.2 BARGAINING POWER OF BUYERS
     3.4.3 THREAT FROM NEW ENTRANTS
     3.4.4 DEGREE OF COMPETITION
     3.4.5 THREAT FROM SUBSTITUTES
3.5 MARKET ATTRACTIVENESS ANALYSIS FOR GLOBAL HEAT EXCHANGERS MARKET, BY REVENUE, 2013

CHAPTER 4   GLOBAL HEAT EXCHANGERS MARKET: END USER INDUSTRY ANALYSIS
4.1 GLOBAL HEAT EXCHANGERS MARKET: END USER INDUSTRY OVERVIEW
4.2 HVAC INDUSTRY
4.3 CHEMICALS INDUSTRY
4.4 POWER GENERATION INDUSTRY
4.5 OTHERS INDUSTRY

CHAPTER 5 GLOBAL HEAT EXCHANGERS MARKET: PRODUCT SEGMENT ANALYSIS
5.1 GLOBAL HEAT EXCHANGERS MARKET: PRODUCT OVERVIEW
5.2 AIR COOLED HEAT EXCHANGERS
5.3 PLATE AND FRAME HEAT EXCHANGERS
5.4 SHELL AND TUBE HEAT EXCHANGERS
5.5 OTHER HEAT EXCHANGERS

CHAPTER 6  GLOBAL HEAT EXCHANGERS MARKET: REGIONAL ANALYSIS
6.1 GLOBAL HEAT EXCHANGERS MARKET: REGIONAL OVERVIEW
6.2 NORTH AMERICA
     6.2.1 NORTH AMERICA HEAT EXCHANGERS MARKET REVENUES, BY APPLICATION, 2013 – 2020, (USD BILLION)
     6.2.2 NORTH AMERICA HEAT EXCHANGERS MARKET REVENUES, BY PRODUCT SEGMENT, 2013 – 2020, (USD BILLION)
6.3 EUROPE
     6.3.1 EUROPE HEAT EXCHANGERS MARKET REVENUES, BY APPLICATION, 2013 – 2020, (USD BILLION)
     6.3.2 EUROPE HEAT EXCHANGERS MARKET REVENUES, BY PRODUCT SEGMENT, 2013 – 2020, (USD BILLION)
6.4 ASIA PACIFIC
     6.4.1 ASIA PACIFIC HEAT EXCHANGERS MARKET REVENUES, BY APPLICATION, 2013 – 2020, (USD BILLION)
     6.4.2 ASIA PACIFIC HEAT EXCHANGERS MARKET REVENUES, BY PRODUCT SEGMENT, 2013 – 2020, (USD BILLION)
6.5 REST OF THE WORLD (ROW)
     6.5.1 REST OF THE WORLD (ROW) HEAT EXCHANGERS MARKET REVENUES, BY APPLICATION, 2013 – 2020, (USD BILLION)
     6.5.2 REST OF THE WORLD (ROW) HEAT EXCHANGERS MARKET REVENUES, BY PRODUCT SEGMENT, 2013 – 2020, (USD BILLION)

CHAPTER 7  COMPANY PROFILES
7.1 ALFA LAVAL CORPORATE AB
     7.1.1 COMPANY OVERVIEW
     7.1.2 PRODUCT PORTFOLIO
     7.1.3 FINANCIAL OVERVIEW
     7.1.4 BUSINESS STRATEGY
     7.1.5 RECENT DEVELOPMENTS
7.2 DOOSAN HEAVY INDUSTRIES AND CONSTRUCTION CO., LTD.
     7.2.1 COMPANY OVERVIEW
     7.2.2 PRODUCT PORTFOLIO
     7.2.3 FINANCIAL OVERVIEW
     7.2.4 BUSINESS STRATEGY
     7.2.5 RECENT DEVELOPMENTS
7.3 GEA LUFTKÜHLER GMBH.
     7.3.1 COMPANY OVERVIEW
     7.3.2 PRODUCT PORTFOLIO
     7.3.3 FINANCIAL OVERVIEW
     7.3.4 BUSINESS STRATEGY
     7.3.5 RECENT DEVELOPMENTS
7.4 HISAKA WORKS, LTD.
     7.4.1 COMPANY OVERVIEW
     7.4.2 PRODUCT PORTFOLIO
     7.4.3 FINANCIAL OVERVIEW
     7.4.4 BUSINESS STRATEGY
     7.4.5 RECENT DEVELOPMENTS
7.5 SPX CORPORATION
     7.5.1 COMPANY OVERVIEW
     7.5.2 PRODUCT PORTFOLIO
     7.5.3 FINANCIAL OVERVIEW
     7.5.4 BUSINESS STRATEGY
     7.5.5 RECENT DEVELOPMENTS
7.6 CUMMINS, INC.
     7.6.1 COMPANY OVERVIEW
     7.6.2 PRODUCT PORTFOLIO
     7.6.3 FINANCIAL OVERVIEW
     7.6.4 BUSINESS STRATEGY
     7.6.5 RECENT DEVELOPMENTS
7.7 KIRLOSKAR BROTHERS LIMITED
     7.7.1 COMPANY OVERVIEW
     7.7.2 PRODUCT PORTFOLIO
     7.7.3 FINANCIAL OVERVIEW
     7.7.4 BUSINESS STRATEGY
     7.7.5 RECENT DEVELOPMENTS
7.8 AGGREKO PLC
     7.8.1 COMPANY OVERVIEW
     7.8.2 PRODUCT PORTFOLIO
     7.8.3 FINANCIAL OVERVIEW
     7.8.4 BUSINESS STRATEGY
     7.8.5 RECENT DEVELOPMENTS
7.9 ATLAS COPCO AB
     7.9.1 COMPANY OVERVIEW
     7.9.2 PRODUCT PORTFOLIO
     7.9.3 BUSINESS STRATEGY
     7.9.4 RECENT DEVELOPMENTS
7.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
     7.10.1 COMPANY OVERVIEW
     7.10.2 PRODUCT PORTFOLIO
     7.10.3 FINANCIAL OVERVIEW
     7.10.4 BUSINESS STRATEGY
     7.10.5 RECENT DEVELOPMENTS

LIST OF FIGURES 

FIG. 1 GLOBAL HEAT EXCHANGERS: MARKET SEGMENTATION
FIG. 2 GLOBAL HEAT EXCHANGERS MARKET REVENUE, 2013 – 2020 (USD BILLION)
FIG. 3 VALUE CHAIN ANALYSIS OF HEAT EXCHANGERS MARKET
FIG. 4 PORTER’S FIVE FORCES ANALYSIS: GLOBAL HEAT EXCHANGERS MARKET
FIG. 5 MARKET ATTRACTIVENESS ANALYSIS OF GLOBAL HEAT EXCHANGERS MARKET, BY END-USER INDUSTRY, 2013
FIG. 6 GLOBAL HEAT EXCHANGERS MARKET, REVENUE SHARE BY END-USER INDUSTRY, 2013 AND 2020
FIG. 7 HVAC INDUSTRY, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 8 CHEMICALS INDUSTRY, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 9 POWER GENERATION INDUSTRY, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 10 OTHERS INDUSTRY, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 11 GLOBAL HEAT EXCHANGERS MARKET, REVENUE SHARE BY PRODUCT SEGMENT, 2013 AND 2020
FIG. 12 AIR COOLED HEAT EXCHANGERS, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 13 PLATE AND FRAME HEAT EXCHANGERS, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 14 SHELL AND TUBE HEAT EXCHANGERS, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 15 OTHER HEAT EXCHANGERS, GLOBAL REVENUE ESTIMATES, 2013 – 2020 (USD BILLION)
FIG. 16 GLOBAL HEAT EXCHANGERS MARKET SHARE, REVENUE SHARE BY REGION, 2013 AND 2020

LIST OF TABLES

TABLE 1 GLOBAL HEAT EXCHANGERS MARKET: SNAPSHOT
TABLE 2 DRIVERS OF GLOBAL HEAT EXCHANGERS MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS OF GLOBAL HEAT EXCHANGERS MARKET: IMPACT ANALYSIS
TABLE 4 OPPORTUNITIES OF GLOBAL HEAT EXCHANGERS MARKET: IMPACT ANALYSIS
TABLE 5 NORTH AMERICA HEAT EXCHANGERS MARKET REVENUE, BY APPLICATION SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 6 NORTH AMERICA HEAT EXCHANGERS MARKET REVENUE, BY PRODUCT SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 7 EUROPE HEAT EXCHANGERS MARKET REVENUE, BY APPLICATION SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 8 EUROPE HEAT EXCHANGERS MARKET REVENUE, BY PRODUCT SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 9 ASIA PACIFIC HEAT EXCHANGERS MARKET REVENUE, BY APPLICATION SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 10 ASIA PACIFIC HEAT EXCHANGERS MARKET REVENUE, BY PRODUCT SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 11 REST OF THE WORLD (ROW) HEAT EXCHANGERS MARKET REVENUE, BY APPLICATION SEGMENT, 2013 – 2020 (USD BILLION) 
TABLE 12 REST OF THE WORLD (ROW) HEAT EXCHANGERS MARKET REVENUE, BY PRODUCT SEGMENT, 2013 – 2020 (USD BILLION)

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Free Market Analysis



The global heat exchanger market was valued at USD 11.86 billion in 2013 and is expected to reach USD 18.04 billion by 2020 at a CAGR of 6.0% from 2014 to 2020. Asia Pacific alone accounted for 33.6% of the overall market share in 2013, valued at USD 3.94 billion. The region is expected to reach market capitalization to the tune of USD 6.12 billion, growing at a respectable CAGR of 6.34% from 2014 to 2020. With a large number of infrastructure and oil field development projects planned across the globe, the demand for shell and tube heat exchangers in the market is anticipated to be dominant till 2020. The demand for heat exchangers is likely to increase significantly owing to the rapidly developing chemicals and hydrocarbon sector along with various upcoming mega power projects.

Maximizing thermal efficiency is the prime reason behind an increased demand for heat exchangers. A heat exchanger is a piece of equipment designed and built for efficient heat transfer from one medium to another. The media may be separated by a solid wall to prevent mixing or they may be in direct contact with the materials being processed, which could harm the end product. The common example of a heat exchanger is found in an internal combustion engine, in which a circulating fluid known as engine coolant flows through radiator coils and air flows past the coils, thereby cooling the coolant and releasing the heat generated by the engine.

Currently, governments of nations facing persistent power shortages are taking measures to constantly upgrade their power generation capacity in order to meet the demand from industries and households. Many new power plants that are primarily powered by steam and gas turbines are under the process of being commissioned, while construction of few is currently ongoing. There is also the renewable energy sector, which has gained rapid momentum over the last few years. The world has expressed significant interest in diversifying its energy portfolio and adopting renewable energy technologies in the near future. Presently, the market for heat exchangers includes reputed companies such as Alfa Laval Corporate AB, Hisaka Works Ltd., and SAACKE GmbH. Most of these players operate through dealers and distributors (many of which are exclusive to a single company). Product range generally comprises portable and heavy-duty heat exchangers. 

Heavy-duty or customized heat exchangers are generally utilized by large industrial consumers. On the other hand, portable heat exchangers generally cater to the residential or small commercial establishments. A rapidly developing heating, ventilation, and air conditioning (HVAC) industry coupled with brisk capacity additions in both the power and hydrocarbons sectors are likely to boost demand for heat exchangers. Currently, significant investment is being made by industries located in developing countries (Asia Pacific) to develop infrastructure to bring itself at par with the growth rate of other mature industries.

Hybrid Heat Exchangers are extremely efficient and flexible. Based on a multi-flexible configuration platform, hybrids are designed to operate under harsh conditions where other heat exchanger technologies can fail, have a shorter operating lifetime, or reduce operational efficiency. Their low flooded weight and footprint is also advantageous in most installations; both onshore and offshore. Moreover, hybrid exchangers are designed for easy maintenance. The fouling medium can flow through the tube side, which is accessible for mechanical cleaning, if necessary.

heat-exchanger-market
heat-exchanger-market-2013

 

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