Global Heat Exchangers Market to Cross $12.7 Billion by 2012 ...
[2008-12-23 17:03:34]
Global Heat Exchangers Market to Cross $12.7 Billion by 2012 ...
Plate and frame heat exchangers market , the fastest growing segment, is projected to register a CAGR of4.8% over the period 2000-2010. Asia-Pacific is the fastest growingmarket in plate and frame heat exchangers, and is projected to growat a CAR of 7.5% during the period 2000-2010. Europe is the largestmarket, and is estimated to account for 45.7% of total plate andframe heat exchangers sales in 2008. Newer and thinner platepatterns, enabled by sophisticated computer aided design techniquesare set to combat the plateaued sales in the highly mature standardplate and frame exchanger market. Easy-to-replace Clip-on andsnap-on gaskets are also garnering growing popularity.
Sales of heat exchangers to the chemical industry, the largestend-use segment are projected to reach $2.7 billion by 2012. Heatexchanger sales to the fuel processing industry, the fastestgrowing end-use segment, are projected to expand at a CAGR of 3.2%over the period 2000-2010. Deriving growth from the astronomicalprices of oil in the world, investments in fuel processing industryare expected to increase in the near future. These investments areexpected to translate into orders for heat exchanger suppliers anddrive growth. The market for heat exchangers used in HVAC &refrigeration industry is projected to grow to over $2.5 billion by2012.
Shell and tube exchangers are forecast to retain their marketdominance over the analyzed period, while plate and frameexchangers, air coolers, and other heat exchangers are slated towitness rapid market expansion through the years. Chemicals, andHVAC and refrigeration industries are expected to continue to bethe major end-use industries for heat exchangers. Environmentalconcerns are likely to expedite the markets' adoption of closedcooling circuits, knocking out the open systems. All the end-usesegments are bounded with different environmental regulationssubject to several product standards that are constantly changed.
European shell and tube exchangers market is undergoing a phase ofcutthroat competition, which is adversely affecting the margin ofdomestic companies. While low cost heat exchange suppliers such asfrom Italy are continuing to storm the North European regions (UKand Germany), those from outside of Europe have also been fuelingthe aggressive price war. Foreign entrants include suppliers fromSouth Korea, China, and India as well. Consequently, this has ledto manufacturers shifting production base to low cost East Europeanregions, in order to sustain their margins and at the same timeremain competitive. Surging metal prices and energy costs are alsohaving a direct impact on profitability of heat exchangermanufacturers in the region. Though companies are devisingstrategies to sustain their markets, pricing pressure is expectedto continue in future.
These and other market data and trends are presented in "HeatExchangers: A Global Strategic Business Report" published byGlobal Industry Analysts, Inc. This GIA report discusses theprevailing trends, issues, demand forecasts, and activities thataffect the industry. The heat exchangers market is analyzed in $Million by the following geographic regions - United States,Canada, Japan, Europe, Asia-Pacific (excluding Japan), LatinAmerica, and Rest of World; product segments - Shell and Tube HeatExchangers, Plate and Frame Heat Exchangers, Air Coolers , Cooling Towers, and Other Heat Exchangers; and end-use segments -Chemical Industry, Fuel Processing, HVAC and Refrigeration, Foodand Beverage, Power Generation, and Others. Analytics for theperiod 2000-2015 provide a comprehensive understanding of themarket.
Dominant global forces profiled in the report include Alfa Laval,American Precision Industries, Bell & Gossett, GEA GroupAktiengesellschaft, Hamon Group, Hisaka Works, Modine ManufacturingCompany, Sondex, and SPX Corporation among several others. Thestudy enumerates recent developments, mergers, acquisitions, andother strategic industry activities, and is an easy guide to What,Why, When, How, Where, and Who of the industry.
For more details about this research report, please visit http://www.strategyr.com/Heat_Exchangers_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Foundedin 1987, the company is globally recognized as one of the world'slargest market research publishers. The company employs over 700people worldwide and publishes more than 880 full-scale researchreports each year. Additionally, the company also offers a range ofover 60,000 smaller research products including company reports,market trend reports, and industry reports encompassing all majorindustries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
###
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http://www.prweb.com/releases/heat_exchangers/shell_tube_plate_frame/prweb1503254.htm [2008-11-4]
Tag : Refrigeration & Heat ExchangePlate and frame heat exchangers market , the fastest growing segment, is projected to register a CAGR of4.8% over the period 2000-2010. Asia-Pacific is the fastest growingmarket in plate and frame heat exchangers, and is projected to growat a CAR of 7.5% during the period 2000-2010. Europe is the largestmarket, and is estimated to account for 45.7% of total plate andframe heat exchangers sales in 2008. Newer and thinner platepatterns, enabled by sophisticated computer aided design techniquesare set to combat the plateaued sales in the highly mature standardplate and frame exchanger market. Easy-to-replace Clip-on andsnap-on gaskets are also garnering growing popularity.
Sales of heat exchangers to the chemical industry, the largestend-use segment are projected to reach $2.7 billion by 2012. Heatexchanger sales to the fuel processing industry, the fastestgrowing end-use segment, are projected to expand at a CAGR of 3.2%over the period 2000-2010. Deriving growth from the astronomicalprices of oil in the world, investments in fuel processing industryare expected to increase in the near future. These investments areexpected to translate into orders for heat exchanger suppliers anddrive growth. The market for heat exchangers used in HVAC &refrigeration industry is projected to grow to over $2.5 billion by2012.
Shell and tube exchangers are forecast to retain their marketdominance over the analyzed period, while plate and frameexchangers, air coolers, and other heat exchangers are slated towitness rapid market expansion through the years. Chemicals, andHVAC and refrigeration industries are expected to continue to bethe major end-use industries for heat exchangers. Environmentalconcerns are likely to expedite the markets' adoption of closedcooling circuits, knocking out the open systems. All the end-usesegments are bounded with different environmental regulationssubject to several product standards that are constantly changed.
European shell and tube exchangers market is undergoing a phase ofcutthroat competition, which is adversely affecting the margin ofdomestic companies. While low cost heat exchange suppliers such asfrom Italy are continuing to storm the North European regions (UKand Germany), those from outside of Europe have also been fuelingthe aggressive price war. Foreign entrants include suppliers fromSouth Korea, China, and India as well. Consequently, this has ledto manufacturers shifting production base to low cost East Europeanregions, in order to sustain their margins and at the same timeremain competitive. Surging metal prices and energy costs are alsohaving a direct impact on profitability of heat exchangermanufacturers in the region. Though companies are devisingstrategies to sustain their markets, pricing pressure is expectedto continue in future.
These and other market data and trends are presented in "HeatExchangers: A Global Strategic Business Report" published byGlobal Industry Analysts, Inc. This GIA report discusses theprevailing trends, issues, demand forecasts, and activities thataffect the industry. The heat exchangers market is analyzed in $Million by the following geographic regions - United States,Canada, Japan, Europe, Asia-Pacific (excluding Japan), LatinAmerica, and Rest of World; product segments - Shell and Tube HeatExchangers, Plate and Frame Heat Exchangers, Air Coolers , Cooling Towers, and Other Heat Exchangers; and end-use segments -Chemical Industry, Fuel Processing, HVAC and Refrigeration, Foodand Beverage, Power Generation, and Others. Analytics for theperiod 2000-2015 provide a comprehensive understanding of themarket.
Dominant global forces profiled in the report include Alfa Laval,American Precision Industries, Bell & Gossett, GEA GroupAktiengesellschaft, Hamon Group, Hisaka Works, Modine ManufacturingCompany, Sondex, and SPX Corporation among several others. Thestudy enumerates recent developments, mergers, acquisitions, andother strategic industry activities, and is an easy guide to What,Why, When, How, Where, and Who of the industry.
For more details about this research report, please visit http://www.strategyr.com/Heat_Exchangers_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Foundedin 1987, the company is globally recognized as one of the world'slargest market research publishers. The company employs over 700people worldwide and publishes more than 880 full-scale researchreports each year. Additionally, the company also offers a range ofover 60,000 smaller research products including company reports,market trend reports, and industry reports encompassing all majorindustries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
###
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