London, 17 March 2015 – As industrial operations in developing countries increase, the Global Heat Exchanger Market is expected to grow at a CAGR of 6.05 percent from 2014-2019, says research firm TechNavio.
About the Report
The latest report from TechNavio draws attention to the increase in industrial activities in developing countries like China, India and Brazil, which is driving the growth of the market. Developing countries are focusing largely on the adoption of heat exchangers with higher efficiencies and reduced energy losses.
“There has been a sudden increase in the demand for heat exchangers from the chemical, HVAC, fuel processing, power generation and food & beverage industries in developing countries,” says Faisal Ghaus, Vice President of TechNavio.
The new report also emphasizes the increasing adoption of high-end, energy-saving heat exchangers to mitigate the loss of revenue caused by the rise in energy costs. Heat exchanger manufacturing companies like Alfa Laval and GEA are investing heavily in R&D to develop energy-efficient exchangers.
“Alfa Laval has introduced plate heat exchangers with expanded plates that allow for preheating and also help increase the outlet temperature, which means big savings in terms of operating cost,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Industrial Activities in Developing Countries
- For a full detailed list, view our report.
Market Challenges:
- Competition Caused by Entry of New Vendors
- For a full detailed list, view our report.
Market Trends:
- Adoption of Energy-efficient Equipment
- For a full detailed list, view our report.
Key Vendors:
- Alfa Laval AB
- Doosan Heavy Industries and Construction Co. Ltd.
- GEA Group AG
- SPX Corp.
- Xylem Inc.
Other Prominent Vendors:
- Accessen
- Beichen
- Cipriani Scambiatori
- Dengfeng
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
