Finned Tube Heat Exchanger Market: Overview

A heat exchanger is an instrument used to transfer heat between two or more mediums. Heat exchanger with fins and tubes is known as finned tube heat exchanger. It is used to transfer heat between air, gas, and liquid or steam. The finned tube heat exchanger consists of tube with extended surface area or fins to improve heat transfer rate from the additional area of fins. The heat transfer coefficient of viscous fluid or gas cannot be enhanced much, the only substitute is to increase the area available for heat transfer on a specific side so that resistance to heat transfer can be reduced. Moreover, to conserve space and reduce cost of equipment, a type of heat exchanging surface known as extended surfaces have been established in which outside area of tube is increased by fins and other appendages.

The outside of fined tube heat exchanger consists of two sections: the area of bare tube, which is not covered by base of fins, and the area of fins. The area of fins is not as efficient as the bare tube area, due to the added resistance to heat flow by conduction through the fins at base.

The finned tube heat exchanger generally has set of fins attached to the tubes main body. The liquid flows through the tube and air or gas is passed outside the tube and the additional heat transfer surface area because of finned tube, increases the rate of heat transfer. Finned tube heat exchangers are used in power plants as an exhaust gas heat exchanger to increase efficiency. They are used for preheating and to condense steam.

Finned Tube Heat Exchanger Market: Key Segmentation

The global finned tube heat exchanger market can be segmented based on type, application, end-user industry, and region. In terms of type, the finned tube heat exchanger market can be bifurcated into transverse fins and longitudinal fins. Transverse fins are commonly used for turbulent flows or gas flows and for cross flow type exchangers or shells and tube heat exchangers, mostly suited for air coolers. The transverse fin discs can be flat or tapered. The longitudinal fins are best applicable when the flow outside the tubes is likely to be streamlined besides the tube length. The cross sectional shape of longitudinal fins can be either tapered or flat.

Based on application, the finned tube heat exchanger market can be divided into heating, ventilating, refrigeration, air-conditioning and others. In terms of end-user industry, the finned tube heat exchanger market can be segregated into chemicals, petrochemicals, heating ventilation air conditioning and refrigeration (HVACR), power generation, and others.

Finned Tube Heat Exchanger Market: Regional Outlook

Based on region, the global finned tube heat exchanger market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is projected to lead the global finned tube heat exchanger market during the forecast period, followed by Europe. The finned tube heat exchanger market in Asia Pacific is likely to expand at a considerable pace during the forecast period. Latin America and Middle East & Africa are expected to account for moderate share of the global finned tube heat exchanger market.

Finned Tube Heat Exchanger Market: Key Players

Key players operating in the global finned tube heat exchanger market include Welltech Cooling Systems, Admiralty Industries Corp., UK Exchangers Ltd., Airco Fin, UNITED HEAT EXCHANGERS., Thermax Global, Fin Tube Products, Inc, W.G. Crossle & Co. Pty Ltd., Cannon Boiler Works. and PROFINS LIMITED.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.