DALLAS, December 19, 2014 /PRNewswire/ --
The report, "Heat Exchanger Market by Type (Shell
& Tube, Plate & Frame, Air Cooled, Printed Circuit), by
Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food
& Beverage, Pulp & Paper, Power Generation),
Classifications (MoC, Temperature Range & Fluid Type) and
Geography, Trends & Forecast to 2019", published by
MarketsandMarkets, define and segment the global Heat Exchanger
Market with analysis and forecasting of the global consumption
revenue.
Browse 54 market data tables, 44 figures spread through 156
pages and in-depth TOC on "Heat Exchanger Market - Trends
& Forecast to 2019"
http://www.marketsandmarkets.com/Market-Reports/heat-exchanger-market-750.html
Early buyers will receive 10% customization on this
report.
"Asia-Pacific - the fastest
growing" Heat Exchangers market
Asia-Pacific, being the fastest
growing heat exchangers market globally, is estimated to grow at a
CAGR of 10.70% for the next five years. Asia-Pacific is witnessing high industrial
growth rate, which hints at an ever-increasing demand of heat
exchangers for its diverse applications. China is expected to witness strong growth in
its heat exchangers market due to growing demand from chemical,
petrochemical and oil & gas industry. HVAC industry is also
growing at a healthier pace in this region. China dominates
the heat exchangers market in Asia-Pacific region, being a major consumer
and the fastest growing country in terms of heat exchangers demand.
Currently, a high share of heat exchanger is being consumed by the
chemical industry and the demand of heat exchangers through
chemical industry is projected to grow in the next five years at a
CAGR of 14.32% from 2014 to 2019. After China, countries such as India, Japan
and other Asian countries, are showing increasing growth in demand
for heat exchangers. Moreover, increasing number of heat exchangers
manufacturers from Asian countries are putting vigorous efforts for
developing a strong base of heat exchanger market, with a target of
reducing heat exchanger imports.
Inquiry of this report
@http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=750
Europe - the biggest market
of Heat Exchangers
Europe has always been a strong
market for heat exchangers and globally, this market has been a
leader for heat exchangers with respect to demand as well as
production capacity. The region has the presence of most of the
global leaders in heat exchanger manufacturing. Heat exchanger
consumption in the region is estimated to grow at a CAGR of around
4.81% from 2014 to 2019. This region has a relatively slow growth
rate as a result of its dominant market size and slow economic
activity as compared to the other regions. The demand in this
region is boosted mainly due to the increased replacement demand
for the heat exchangers.
Currently, Europe acquires more
than 30.0% of the total global market. The region has huge
installed plant capacities of heat exchanger and is an export based
heat exchanger market. Also, large number of emerging manufacturers
from Eastern Europe is expected to
reduce import dependence of various countries which is further
expected to drive the Heat Exchanger Market in future.
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