The Global Fluid Heat Exchangers Market size is projected to reach USD 2.8 billion by 2028, at a CAGR of 6.5% during the forecast period from 2021 to 2028. The growing demand for thermodynamic efficiency in various industries has led to an increasing need for energy-efficient equipment such as fluid heat exchangers, which are being used with greater frequency and variety across a wide range of applications.
Fluid heat exchangers are a form of device which transfers thermal energy from one fluid to another. In this way, fluids with different temperatures can be matched for various applications such as in an automotive or industrial environment.
On the basis of Types, the market is segmented into plate-fin type, wall type, and hybrid type.
Plate-fin type is a fluid heat exchanger which utilizes small tubes with thin metal plates to provide the thermal interface between two fluids. This type of heat exchanger has high resistance and low-pressure drop, making it suitable for use in applications that require moderate heat transfer rates. Plate-fin types are also known as finned tube types, finned plate types, or tube-fin heat exchangers.
Wall type is a fluid heat exchanger that employs tubes with an inner surface in contact with the fluids. This gives it high thermal resistance, making it suitable for use in applications requiring higher rates of heat transfer such as industrial equipment and aerospace.
The hybrid type is a fluid heat exchanger which employs both plates and tubes. This combination provides greater surface area than that of plate-fin types while retaining the lower resistance properties of tube-fin varieties.
On the basis of Application, the market is segmented into automotive, aerospace, and industrial equipment. The automotive segment is estimated to account for the largest share of revenue in 2018 followed by aerospace where high demand from end-users coupled with favorable policies towards airlines has led to increased adoption rates over the past few years.
The use of fluid heat exchangers in automotive is high due to the requirement for low-temperature heating and cooling applications such as engine oil, transmission fluids, windshield washer fluids among others.
Fluid heat exchangers in aerospace are used as they allow for the use of low-temperature fluids at high flow rates. Fluid heat exchanger application is seen across a range of industries and applications such as aircraft, satellites, weaponry systems among others.
The use of fluid heat exchangers in industrial equipment is high due to the requirement for low-temperature heating and cooling applications such as process water, air conditioning among others.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North America is the largest market for fluid heat exchangers. In terms of growth rates in this industry over the next few years (with reference to 2015), the most rapid development can be witnessed from the Asia Pacific followed by RoW regions with China contributing significantly towards these developments mainly owing to its booming economy which has resulted in an increased demand for industries.
The fluid heat exchangers market is witnessing considerable growth due to the continuous demand for increasingly efficient products and services. In recent years, there has been a rise in energy consumption owing to increased industrialization which would further continue in the forthcoming period. This will provide an impetus towards enhanced investments into new technologies such as renewable energies that can help conserve natural resources and reduce emissions of greenhouse gases.
Another driver for this market is increasing usage across various markets such as automobiles, aerospace, and industrial equipment. The automotive industry accounts for a major share of fluid heat exchange use within hybrid type applications with its high growth rate due to stringent government regulations on fuel consumption and exhaust gas emissions standards. There are also opportunities available from new emerging industries that require more efficient cooling technologies including semiconductors.
Up Market Research published a new report titled “Fluid 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 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||236|
|Number of Tables & Figures||166|
|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 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 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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