Heat Exchangers Market In North America
“Heat Exchanger market is experiencing high growth due to increasing demand from capital intensive projects in the industries such as chemical, brewery & distillery, petroleum, desalination, marine, power generation, nuclear and refrigeration as well as air conditioning. The report estimates the North American Heat Exchanger market size both in terms of volume and value. The report provides a comprehensive review of the key market drivers, challenges, and key issues. North America’s heat exchanger market was valued at $3,952.14 million in 2013 and is estimated to reach $5,420.33 million by 2019, at a CAGR of 6.1%, for the given period”.
“The report ‘North America Heat Exchanger Market’ analyzes the heat exchanger market by types with respect to four major types such as shell & tube, plate & frame, air cooled, and others. All of these types of heat exchanger have experienced a positive growth till 2012 and are expected to continue the same in coming years. With a market value of $2,215.03 million, Shell & tube has been contributing maximum share towards the total North America heat exchanger industry. Plate & Frame market is estimated to witness high growth in the region and is projected to grow at a CAGR of 7.8% for the period under consideration”.
“Heat exchangers are heat transfer equipment experiencing strong market growth. Much of this growth is due to strong demand in its key application industries such as chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverages, pulp and paper, and power generation. The demand for major applications of the heat exchanger such as chemical, petrochemical, oil and gas, HVAC and refrigeration, food and beverages, pulp and paper, power generation, and others are covered in the report. The use of heat exchanger in the Petrochemical and oil & gas application is estimated to be highest growing application market for the heat exchanger in the North America region. Petrochemical and oil & gas market was valued at $1,063.35 million in 2013 and is estimated to reach a CAGR of 6.7% by 2018”.
Reff: Micromarketmonitor2014”North America Heat Exchangers Market’’ retrieved from