Asia Pacific Heat Exchanger Market – Industry analysis and Forecast (2018-2026)
Asia Pacific Heat Exchanger Market was valued US$ 3.5 Bn in 2017 and is estimated to reach US$ 7.1 Bn by 2026 at a CAGR of 9.24 %.
Asia Pacific heat exchanger market is segmented by product, by application, and by geography. Based on product, Asia Pacific heat exchanger market is segmented by tubular, plate type and extended surface. Oil & gas, automotive & aviation, power plants, mining, chemicals, HVAC and others are end user industry of Asia Pacific heat exchanger market. Geographically, Asia Pacific heat exchanger market is divided into Australia, China, India, Japan and others.
Increasing industrial utilities drives the Asia Pacific heat exchangers. Heat exchangers are the widely employed equipment for various end-user applications, due to their eco-friendly and energy-efficient features. Increasing focus of various regulatory bodies to reduce greenhouse gases (GHG), to meet the future sustainability, and increasing industrial operations in developing countries are one of the major factors propelling the demand for heat exchangers in Asia Pacific. High-pressure and temperature and long-distance heat transfer cause significant wear and tear, which result in regular maintenance and periodic replacement of the shell & tube heat exchanger thereby gaining a significant growth.
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Increasing investments in HVACR industries in the heat exchangers market. Heat exchangers offer various advantages, such as high operating efficiency and reduced energy consumption. Heat exchanger market is employed in a wide range of end-use industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. HVACR application segment is projected to grow at the highest CAGR during the forecast period. High growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems.
China and India is expected to exhibit fastest growth in the heat exchanger market. Increasing demand for chemical, oil & gas, and petrochemical industries and growth of the commercial building & construction industry, high-end real estate, and increasing energy-saving policies are driving the demand for heat exchanger in China and India. China is a major consumer and the fastest growing country in terms volume, is expected to dominate the heat exchanger market in Asia-Pacific, followed by India and Japan. Favourable government policies with growth in the industrial, manufacturing and process sectors, the heat exchanger market in developing countries, such as China and India is impelling growth to the market.
Alfa Laval AB, Barriquand Technologies Thermiques, Danfoss A/S, General Electric, Hamon Group, Hisaka, Hrs Heat Exchangers Ltd., Johnson Control, Mersen, Mitsubishi Electric, Modine Manufacturing Company, Sondex Holdings A/S, SPX Corporation, Thermax, Toshiba and Xylem Inc.
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Scope of the Asia Pacific Heat Exchanger Market:
Asia Pacific Heat Exchanger Market, by Construction:
• Tubular
• Plate Type
• Extended Surface
Asia Pacific Heat Exchanger Market, by Application:
• Oil & Gas
• Automotive & Aviation
• Power Plants
• Mining
• Chemicals
• HVAC
• Others
Asia Pacific Heat Exchanger Market, by Geography
• Australia
• China
• India
• Japan
• ASEAN
• Rest of Asia Pacific
Key Companies analysed in Asia Pacific Heat Exchanger Market:
• Alfa Laval AB
• Barriquand Technologies Thermiques
• Danfoss A/S
• General Electric
• Hamon Group
• Hisaka
• Hrs Heat Exchangers Ltd.
• Johnson Control
• Mersen
• Mitsubishi Electric
• Modine Manufacturing Company
• Sondex Holdings A/S
• SPX Corporation
• Thermax
• Toshiba
• Xylem Inc
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MAJOR TOC OF THE REPORT
Asia Pacific Heat Exchanger Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Asia Pacific Heat Exchanger Market Size, by Market Value (US$ Mn) and Market, by Region
3.1.1. China
3.1.2. India
3.1.3. Japan
3.1.4. Australia
3.1.5. ASEAN
3.1.6. Rest of Asia Pacific
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
5. Asia Pacific Heat Exchanger Market Analysis and Forecast, by Product
5.1. Introduction and Definition
5.2. Key Findings
5.3. Asia Pacific Heat Exchanger Market Value Share Analysis, by Product
5.4. Asia Pacific Heat Exchanger Market Size (US$ Mn) Forecast, by Product
5.5. Asia Pacific Heat Exchanger Market Analysis, by Product
5.6. Asia Pacific Heat Exchanger Market Attractiveness Analysis, by Product
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