With the demand for highly efficient heat exchangers and other heat transfer equipment rising, the heat exchanger market in Europe is set to achieve more than $4 billion in annual valuation by 2025. The presence of a stringent regulatory framework associated with the reduction of GHG emissions, alongside the robust expansion of the oil & gas industry in the region is primarily responsible for generating considerable revenue across the Europe heat exchanger industry.
The following top five trends have been pushing the heat exchanger market forecast in Europe:
Expansion across food processing application
The demand across the food processing for heat exchangers in Europe is expected to shoot up and the segment is set to rise at a 11% CAGR through 2025. The food processing industry has been focusing on efficient management through investments directed toward energy optimization. The rapid advancements in related technologies that have been instrumental in introducing superior heat transfer solutions have been favoring the Europe heat exchanger market outlook.
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Growing demand for shell & tube exchangers
Although the plate heat exchanger segment has also been gaining considerably, shell & tube heat exchangers have been exhibiting high growth. The industry share from the segment is expected to rise considerably at a CAGR of 6% through 2025. The high productivity, economic viability, and low-pressure drop of this product when compared with plate heat exchanger are some advantages driving its demand.
The boom across the industrial sector is another factor enabling the expansion of the Europe heat exchanger market size, apart from the increasing investments in oil & gas units that have been deploying these solutions to a considerable extent.
Growing flow of investments across emerging economies
The rising bulk of investments across the emerging economies, which are aimed at boosting power generation capacity in the context of growing industrialization, have been serving as an accelerator for the Europe heat exchanger market forecast.
Utilized across a wide array of applications in power generation, heat exchanger units assist in operations such as air preheating and heat recovery. The rapidly intensifying rate of industrialization in the region has been aiding the Europe heat exchanger industry players.
Enhancement of production capacities in Russia
The emphasis laid on resource recovery across Russia has been promoting the expansion of the heat exchanger market in the region. Several petrochemical manufacturers in the country have been ramping up their production capacities across their facilities.
The extreme climatic conditions in the region has been resulting in an increased demand for efficient and advanced central heating systems, which in turn has been creating demand for heat exchangers across Russia, fueling the Europe heat exchangers market share.
Focus on controlling carbon emissions in Germany
The German heat exchanger market size is anticipated to surge at a 7% CAGR up to 2025. The growth in the revenue from this segment is incited by the increased attention toward minimizing carbon emissions as well as environmental pollution in general.
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Kelvion, API, SPX-Flow, Koch, Wessels, Larsen & Toubro, HRS, Danfoss and Vahterus, Alfa Laval, Doosan, FUNKE, Xylem, Thermowave, Accessen, Hitachi Zonsen, and IHI are some leading manufacturers and suppliers of heat exchangers in Europe.
Table of Contents (ToC) of the report:
Chapter 3. Europe Heat Exchanger Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Regulatory landscape
3.5. Innovation and technology landscape
3.6. Industry trends and outlook
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.8. Porter’s analysis
3.9. Competitive landscape, 2018
3.9.1. Strategy dashboard
3.10. PESTEL analysis
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