Published Date: 2019-03-27
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According to the Graphical Research new growth forecast report titled “Europe Heat Exchanger Market Size By Technology (Plate, Air Cooled, Shell & Tube, Others), By Application (Chemical, Oil & Gas, Power Generation & Metallurgy, Mechanical Industry, Marine, Central Heating & Refrigeration, Food Processing, Others), Country Outlook (France, Russia, Germany, UK, Italy, Spain, Poland, Turkey), Industry Size, Share, Growth Trends & Forecast, 2019 – 2025”, estimated to exceed USD 4 Billion by 2025.
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.
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.
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.
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.
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.
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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