TechNavio recognizes the following companies as the key players in the Global Heat Exchanger Market: Alfa Laval AB, GEA Group, and Xylem Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Heat exchangers are widely used in industrial oil coolers, boiler coolers, chilled water systems, transmission and engine coolers, condensers, and evaporators in refrigeration systems. These applications incur excessive loss of energy during the transfer of heat. Many industries are adopting high-end energy-saving heat exchangers to mitigate the erosion of their revenue, which is largely due to the rise in the cost of energy. Heat exchanger manufacturing companies such as Alfa Laval AB and GEA Group are investing heavily in R&D to develop energy-efficient heat exchangers. This trend is expected to contribute toward the growth of the Global Heat Exchanger market during the forecast period.”
According to the report, increasing industrial activities in developing countries is a crucial driver boosting the market. Process and discrete industries in these countries have been expanding their manufacturing operations worldwide, which in turn is boosting the Global Heat Exchanger market.
Further, the report states that one of the main challenges in this market is the increasing competition brought in by the entry of new vendors. The new vendors offer their products at a cheaper price, which makes the pricing more competitive and erodes the profit margins of the major players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-heat-exchanger-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Heat Exchanger Market 2014-2018
