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.
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 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 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.
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 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.
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.
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 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|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|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.
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:
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.
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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.
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.
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