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Global Fluid Air Heat Exchangers Market by Type (Plate-fin Type, Wall Type, Hybrid Type), By Application (Automotive, Aerospace, Industrial Equipment) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-505
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 93
  • No. Of Pages: 240
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  • Pub. Date: 2021-03-01
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The Global Fluid Air Heat Exchangers Market size is projected to reach USD 3.5 billion by 2028 from an estimated value of USD 2.7 billion in 2021, at a CAGR of 3.1% during the forecast period (2021-2028). The growth is attributed to increasing demand for fuel-efficient vehicles and growing adoption of renewable energy sources owing to government regulation and increased awareness about climate change concerns among consumers.

 

Fluid air heat exchangers are devices that transfer the heat generated by a fluid to another fluid. Fluid air heat exchangers are used to transfer thermal energy from one medium to another. The two fluids (air and water) flow through a nip in which they come into contact with each other across an intervening wall or plate. Basically, the fluid-to-fluid exchange is accomplished by means of forced convection where the heated fluid transfers its heat for cooling via conduction to the cooler fluid during direct contact on both sides of a partition or barrier that separates them. In this way, it provides rapid heating without excessive use of fuel while simultaneously preventing overheating as well as ensuring good circulation because no stagnant pockets form.

 

On the basis of Types, the market is segmented into plate-fin type, wall type, and hybrid type.

 

Plate-Fin Type:

Fluid air heat exchangers in this category have a large surface area, which enhances the rate of thermal transfer. They are usually made from copper or aluminum for better performance and are commonly used as an adjunct to natural gas boilers.

 

Wall Type:

Wall types come with two plates that circulate fluid between them and they can be stationary or rotating (partially). This category includes plate-fin condensers, evaporators, and steam humidifiers.

 

Hybrid Type:

Hybrid fluids work on the principle of counterflow whereby one stream flows over another while maintaining the same pressure difference across both streams in all regions.

 

On the basis of Application, the market is segmented into automotive, aerospace, and industrial equipment. The automotive segment is the largest end-user of fluid air heat exchangers owing to factors such as safety requirements for vehicles.

 

Automotive:

In an automotive application, they could have two fluids (outside ambient temperature) flowing side-by-side within a tube or pipe. One of the fluids is cold while the other one is hot. The hotter fluid surrounds the colder one and transfers its thermal energy to it through conduction and convection with plates that act as fins for both types of flow; this process takes place inside what’s called a 'heat exchanger'. This happens because there's more surface area exposed to each fluid, which makes the convective process more efficient.

The use of fluid air heat exchangers in automotive is gaining traction owing to factors such as a significant rise in demand for vehicles, stringent emission norms, and safety regulations.

 

Aerospace:

Aerospace is one of the major application segments for heat exchangers. In this field, they are used to transfer thermal energy from the coolant loop (Petroleum or water) and turbine inlet gas. Another use case for fluid air heat exchangers in aerospace applications is their usage as an expander cycle with a fuel-fired heater. This kind of arrangement needs external means which can provide the necessary cooling capacity to the fluid air exchangers, which is a major drawback. The aerospace sector has been using these devices extensively because they deliver superior performance when compared to other technologies.

 

Industrial Equipment:

Air heat exchangers are used in heavy equipment, such as excavators and bulldozers. They keep the hydraulic fluid temperature at a constant level that is safe for use with these machines, while also keeping the engine cool. This avoids any potential issues of overheating or freezing; without an air heat exchanger to regulate its temperature. These units can be fitted onto both diesel engines and gasoline engines, which means they provide significant value to those who work on different types of machinery across their fleet.

 

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In 2016, North America was the largest market for air heat exchangers in all sectors because of advanced technologies being used like hybrid types that have high energy efficiency rates.

The Asia Pacific is forecast to experience the highest growth in the air heat exchanger market by 2028, mainly because of its economic stability and rapid industrialization.

Europe is the second-largest market for air heat exchangers, with Germany holding the highest market share in Europe and the Asia Pacific.

 

Growth Factors For The Fluid Air Heat Exchangers Market:

The growth can be attributed mainly to factors such as increasing demand for hybrid types that have high energy efficiency rates and increasing spending on industrial equipment in developing countries like India.

The market for hybrid types is expected to grow at a rate higher than plate-fin and wall types in all regions except North America, which may be attributed to the adoption of advanced technologies in these countries. The demand for hybrid types has increased due to high energy efficiency rates.

North America is the only region in which plate-fin and wall type growth are higher than that of a hybrid type. This can be attributed mainly to advanced technologies adopted by these countries.

 


Up Market Research published a new report titled “Fluid Air Heat Exchangers Market research report which is segmented by Types (Plate-fin Type, Wall Type, Hybrid Type), By Applications (Automotive, Aerospace, Industrial Equipment), By Players/Companies Alstom, Areva SA, Bharat Heavy Electrical Limited, Dongfang Electric Corporation, Larsen&Toubro, Mitsubishi Heavy Industries, SPX Corporation, BHI Company Limited, Shanghai Electric Group Company, Zio-Podolsk”. 

 

Report Scope

Report Attributes Report Details
Report Title Fluid Air Heat Exchangers Market Research Report
By Type Plate-fin Type, Wall Type, Hybrid Type
By Application Automotive, Aerospace, Industrial Equipment
By Companies Alstom, Areva SA, Bharat Heavy Electrical Limited, Dongfang Electric Corporation, Larsen&Toubro, Mitsubishi Heavy Industries, SPX Corporation, BHI Company Limited, Shanghai Electric Group Company, Zio-Podolsk
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 240
Number of Tables & Figures 168
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Fluid Air Heat Exchangers Industry Outlook
 

Global Fluid Air Heat Exchangers Market Report Segments:

The market is segmented by Type Plate-fin Type, Wall Type, Hybrid Type and By Application Automotive, Aerospace, Industrial Equipment.

 

Some of the companies that are profiled in this report are:

  1. Alstom
  2. Areva SA
  3. Bharat Heavy Electrical Limited
  4. Dongfang Electric Corporation
  5. Larsen&Toubro
  6. Mitsubishi Heavy Industries
  7. SPX Corporation
  8. BHI Company Limited
  9. Shanghai Electric Group Company
  10. Zio-Podolsk
 

Fluid Air Heat Exchangers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Fluid Air Heat Exchangers Market
 

Overview of the regional outlook of the Fluid Air Heat Exchangers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Fluid Air Heat Exchangers Market Overview
 

Highlights of The Fluid Air Heat Exchangers Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Fluid Air Heat Exchangers Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Plate-fin Type

                2. Wall Type

                3. Hybrid Type

       7. By Application:

                1. Automotive

                2. Aerospace

                3. Industrial Equipment

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Fluid Air Heat Exchangers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Fluid Air Heat Exchangers Market Statistics
 

Reasons to Purchase the Fluid Air Heat Exchangers Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluid Air Heat Exchangers Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Fluid Air Heat Exchangers Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Fluid Air Heat Exchangers Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Fluid Air Heat Exchangers Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Fluid Air Heat Exchangers Market Size & Forecast, 2018-2028 
      4.5.1 Fluid Air Heat Exchangers Market Size and Y-o-Y Growth 
      4.5.2 Fluid Air Heat Exchangers Market Absolute $ Opportunity 


Chapter 5 Global Fluid Air Heat Exchangers Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Fluid Air Heat Exchangers Market Size Forecast by Type
      5.2.1 Plate-fin Type
      5.2.2 Wall Type
      5.2.3 Hybrid Type
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Fluid Air Heat Exchangers Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Fluid Air Heat Exchangers Market Size Forecast by Applications
      6.2.1 Automotive
      6.2.2 Aerospace
      6.2.3 Industrial Equipment
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Fluid Air Heat Exchangers Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Fluid Air Heat Exchangers Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Fluid Air Heat Exchangers Analysis and Forecast
   9.1 Introduction
   9.2 North America Fluid Air Heat Exchangers Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Fluid Air Heat Exchangers Market Size Forecast by Type
      9.6.1 Plate-fin Type
      9.6.2 Wall Type
      9.6.3 Hybrid Type
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Fluid Air Heat Exchangers Market Size Forecast by Applications
      9.10.1 Automotive
      9.10.2 Aerospace
      9.10.3 Industrial Equipment
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Fluid Air Heat Exchangers Analysis and Forecast
   10.1 Introduction
   10.2 Europe Fluid Air Heat Exchangers Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Fluid Air Heat Exchangers Market Size Forecast by Type
      10.6.1 Plate-fin Type
      10.6.2 Wall Type
      10.6.3 Hybrid Type
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Fluid Air Heat Exchangers Market Size Forecast by Applications
      10.10.1 Automotive
      10.10.2 Aerospace
      10.10.3 Industrial Equipment
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Fluid Air Heat Exchangers Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Fluid Air Heat Exchangers Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Fluid Air Heat Exchangers Market Size Forecast by Type
      11.6.1 Plate-fin Type
      11.6.2 Wall Type
      11.6.3 Hybrid Type
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Fluid Air Heat Exchangers Market Size Forecast by Applications
      11.10.1 Automotive
      11.10.2 Aerospace
      11.10.3 Industrial Equipment
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Fluid Air Heat Exchangers Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Fluid Air Heat Exchangers Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Fluid Air Heat Exchangers Market Size Forecast by Type
      12.6.1 Plate-fin Type
      12.6.2 Wall Type
      12.6.3 Hybrid Type
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Fluid Air Heat Exchangers Market Size Forecast by Applications
      12.10.1 Automotive
      12.10.2 Aerospace
      12.10.3 Industrial Equipment
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Fluid Air Heat Exchangers Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Fluid Air Heat Exchangers Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Fluid Air Heat Exchangers Market Size Forecast by Type
      13.6.1 Plate-fin Type
      13.6.2 Wall Type
      13.6.3 Hybrid Type
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Fluid Air Heat Exchangers Market Size Forecast by Applications
      13.10.1 Automotive
      13.10.2 Aerospace
      13.10.3 Industrial Equipment
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Fluid Air Heat Exchangers Market: Competitive Dashboard
   14.2 Global Fluid Air Heat Exchangers Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Alstom
      14.3.2 Areva SA
      14.3.3 Bharat Heavy Electrical Limited
      14.3.4 Dongfang Electric Corporation
      14.3.5 Larsen&Toubro
      14.3.6 Mitsubishi Heavy Industries
      14.3.7 SPX Corporation
      14.3.8 BHI Company Limited
      14.3.9 Shanghai Electric Group Company
      14.3.10 Zio-Podolsk
Segments Covered in the Report
The global Fluid Air Heat Exchangers market has been segmented based on

By Types
  • Plate-fin Type
  • Wall Type
  • Hybrid Type
By Applications
  • Automotive
  • Aerospace
  • Industrial Equipment
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Alstom
  • Areva SA
  • Bharat Heavy Electrical Limited
  • Dongfang Electric Corporation
  • Larsen&Toubro
  • Mitsubishi Heavy Industries
  • SPX Corporation
  • BHI Company Limited
  • Shanghai Electric Group Company
  • Zio-Podolsk

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