Europe Heat Exchanger Market is predicted to reach over USD 4 billion by 2025. Stringent norms to curb GHG emissions coupled with robust growth across oil & gas sector will stimulate the industry landscape. Expansion and upgradation of industrial centers on account of increasing investment along with escalating demand for energy efficient heat transfer equipment will further drive the product demand.
Germany Heat Exchanger Market Size, By Application, 2018 & 2025 (USD Million)
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Heat exchanger market from food processing application is predicted to expand over 11% by 2025. Rising investments on account of growing significance of energy optimization and management across the food processing industry will positively influence the product deployment. Ongoing technological advancements to develop low-cost and highly efficient heat transfer solutions will further compliment the business growth.
Germany heat exchanger market size is anticipated to expand over 7% by 2025. Rising concerns toward environmental pollution along with shifting trends to curb carbon emissions across industrial sector will augment the business growth. The growing demand for centralized heating systems across commercial and residential sector will significantly contribute toward industry expansion.
Russia heat exchanger market will witness growth on account of rising focus toward resource recovery and capacity addition across petrochemical production facilities. Extreme weather conditions across the region has increased the deployment of central heating systems which will further complement the industry growth.
Shell & tube heat exchanger market is anticipated to expand over 6% by 2025. Low-pressure drop, economic viability and high efficiency are some of the significant features that will favor the product adoption over available alternatives. Positive outlook toward industrial sector growth coupled with increasing investments across oil & gas production facilities will further stimulate the demand for heat transfer equipment.
Increasing demand for heat transfer equipment for process cooling, heat recovery and condensation application will drive the heat exchanger market from chemical applications. Furthermore, stringent government mandates aimed to reduce carbon emission from industrial sector will augment the industry outlook in coming years.
Significant industry players operating across the Europe heat exchanger market comprises SPX-Flow, Alfa Laval, Kelvion, Xylem, IHI, FUNKE, API, SWEP International, Thermowave, Hitachi Zonsen, Accessen, Doosan, Larsen & Toubro, Koch, HRS, KNM, Wessels, Danfoss and Vahterus.
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