Pune, Maharashtra -- (SBWire) -- 05/06/2019 --Graphical Research presents an extensive report on Europe Heat Exchanger Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.
Europe heat exchanger market is anticipated to expand over 7% by 2025. Positive outlook toward expansion of oil and gas sector coupled with stringent government regulations aimed to curb carbon emissions will boost the industry growth. Growing demand for efficient heat transfer equipment along with increasing investments toward upgradation and expansion of industrial centers will further strengthen the product penetration.
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Rising demand of centralized heating and cooling systems across residential and commercial sector coupled with stringent GHG norms will drive the UK heat exchanger market size. Furthermore, shifting trends toward replacement of conventional heating systems on account of energy optimization will augment the industry outlook.
Europe Heat Exchanger Market Analysis, By Technology
- Plate
- Air Cooled
- Shell & Tube
- Others
Growing focus for resource recovery and utilization coupled with increasing investments toward expansion of chemical production units will fuel the heat exchanger market across chemical application. These units are predominantly installed for process cooling, heat recovery and condensation from exhaust channels across the chemical sector. Moreover, introduction of stringent emission norms to reduce emission will further strengthen the product adoption.
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France heat exchanger market in 2018, was valued over USD 300 million. Ongoing research and development activities aimed toward high efficiency and low-cost heat transfer solutions will stimulate the business growth. Furthermore, stringent government mandates aimed at adoption of highly efficient heat transfer systems will stimulate the industry outlook.
Europe Heat Exchanger Market Growth, By Application
- Chemical
- Oil & Gas
- Power Generation & Metallurgy
- Mechanical Industry
- Marine
- Central Heating & Refrigeration
- Food Processing
- Others
Increasing adoption of waste heat recovery systems across industrial sector coupled with the rising demand for thermal storage systems will drive the plate heat exchanger market size. These systems are typically used for conditions where efficient heat transfer mechanisms are required. Increasing focus toward energy optimization across food processing industry along with robust industrial sector growth will fuel the product demand.
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Increasing investment across developing economies toward generating capacity addition to support ongoing industrialization will stimulate the heat exchanger market. These units find wide-ranging applications across power generating plants, where they are deployed for heat recovery and air preheating. Resurgent economic growth along with rising industrialization have positively impacted the power sector industry which will in turn drive the demand for heat transfer equipment.
Eminent industry participants across the Europe heat exchanger market include Larsen & Toubro, KNM, HRS, Hitachi Zonsen, Alfa Laval, SPX-Flow, API, Thermowave, FUNKE, IHI, Wessels, SWEP International, Accessen, Vahterus, Doosan, Kelvion, Danfoss, Xylem and Koch.
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Europe Heat Exchanger Market to Witness Remarkable Growth from 2019-2025 : Larsen & Toubro, KNM, HRS, Hitachi Zonsen, Alfa Laval
Europe Heat Exchanger Market growth is propelled by rising demand of centralized heating and cooling systems across residential and commercial sector.