Welded Spiral Heat Exchanger Market Expected To Fuel Industry Growth With $1.8 Billion By 2025: Grand View Research Inc.

 

The global welded spirThe global welded spiral heat exchanger market size is anticipated to reach USD 1.8 billion by 2025, exhibiting a CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. The global market is expected to witness significant growth on account of rising product demand from various industries including chemicals, petroleum, and food & beverage, among others.

Key materials widely used for the manufacturing of welded spiral heat exchanger include steel, nitrile aluminum, rubber gasket, brass alloy, and titanium, among others. The market is characterized by the presence of top manufacturers such as Alfa Laval and Danfoss. The operations of these companies are integrated across the manufacturing and distribution processes of welded spiral heat exchangers.

Welded spiral heat exchangers have an advantage over a conventional heat exchanger as the fluid is exposed to a much larger surface area.They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Based on end use, HVAC & refrigeration is expected to be the largest segment and projected to hold its position over the forecast period. The segment was valued at USD 282.1 million in 2018. Food & beverages end-use segment is expected to be the fastest-growing segment and likely to register a CAGR of 5.0% from 2019 to 2025. Power generation segment is projected to witness significant growth in the market at a growth rate of 4.2% from 2019 to 2025.

Growing industrialization in the developing economies of Asia Pacific and increasing investments in manufacturing, commercial, and industrial projects have contributed to the overall growth of the market. This has led to increased demand for spiral heat exchangers in the region as they are largely used in industries such as petrochemical and food & beverages and power generation companies. A major shift in demand for spiral heat exchangers is being witnessed from mature European and North American markets in the developing economies in Asia Pacific such as China and India.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/welded-spiral-heat-exchangers-market/request/rs1

Welded spiral heat exchangers are made by rolling two metal sheets around the central rod, thus forming two separate concentric channels. The end of the channel is sealed by welding. This provides an advantage to welded spiral heat exchangers over conventional heat exchangers as fluids are exposed to a much larger surface area. They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Welded Spiral Heat Exchanger Market Report Highlights

• Asia Pacific accounted for 37.6% of the overall market in 2018 and is expected to be the largest market, accelerating at a CAGR of 5.2% over the forecast period
• The European market was valued at USD 397.1 million in 2018 and is likely to be the second-largest market over the forecast period owing to the rising construction and automobile industries
• CSA is expected to exhibit the fastest growth rate in the global welded spiral heat exchanger market at a CAGR of 6.3% from 2019 to 2025 on account of growing petrochemical and food & beverages industries in the region.

The market comprises both global as well as regional players that are engaged in the designing, manufacturing, and distribution of welded spiral heat exchangers. Overall, the market is highly competitive and dependent on technological advancements and product developments. Market players strive to achieve application development to gain a competitive advantage over their competitors. Presence of local players in Asia Pacific poses a significant threat to the large multinational companies in terms of product quality and prices offered to the customers. Some of the prominent players in the welded spiral heat exchangers market include:

·        Alfa Laval AB

·        Danfoss A/S

·        Gooch Thermal Systems, Inc.

·        Nexson Group

·        Elanco, Inc.

·        Kurose Chemical Equipment Co., Ltd.

·        Shanghai Shenglin M&E Technology Co., Ltd.

·        SmartHeat Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 al heat exchanger market size is anticipated to reach USD 1.8 billion by 2025, exhibiting a CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. The global market is expected to witness significant growth on account of rising product demand from various industries including chemicals, petroleum, and food & beverage, among others.

Key materials widely used for the manufacturing of welded spiral heat exchanger include steel, nitrile aluminum, rubber gasket, brass alloy, and titanium, among others. The market is characterized by the presence of top manufacturers such as Alfa Laval and Danfoss. The operations of these companies are integrated across the manufacturing and distribution processes of welded spiral heat exchangers.

Welded spiral heat exchangers have an advantage over a conventional heat exchanger as the fluid is exposed to a much larger surface area.They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Based on end use, HVAC & refrigeration is expected to be the largest segment and projected to hold its position over the forecast period. The segment was valued at USD 282.1 million in 2018. Food & beverages end-use segment is expected to be the fastest-growing segment and likely to register a CAGR of 5.0% from 2019 to 2025. Power generation segment is projected to witness significant growth in the market at a growth rate of 4.2% from 2019 to 2025.

Growing industrialization in the developing economies of Asia Pacific and increasing investments in manufacturing, commercial, and industrial projects have contributed to the overall growth of the market. This has led to increased demand for spiral heat exchangers in the region as they are largely used in industries such as petrochemical and food & beverages and power generation companies. A major shift in demand for spiral heat exchangers is being witnessed from mature European and North American markets in the developing economies in Asia Pacific such as China and India.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/welded-spiral-heat-exchangers-market/request/rs1

Welded spiral heat exchangers are made by rolling two metal sheets around the central rod, thus forming two separate concentric channels. The end of the channel is sealed by welding. This provides an advantage to welded spiral heat exchangers over conventional heat exchangers as fluids are exposed to a much larger surface area. They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Welded Spiral Heat Exchanger Market Report Highlights

• Asia Pacific accounted for 37.6% of the overall market in 2018 and is expected to be the largest market, accelerating at a CAGR of 5.2% over the forecast period
• The European market was valued at USD 397.1 million in 2018 and is likely to be the second-largest market over the forecast period owing to the rising construction and automobile industries
• CSA is expected to exhibit the fastest growth rate in the global welded spiral heat exchanger market at a CAGR of 6.3% from 2019 to 2025 on account of growing petrochemical and food & beverages industries in the region.

The market comprises both global as well as regional players that are engaged in the designing, manufacturing, and distribution of welded spiral heat exchangers. Overall, the market is highly competitive and dependent on technological advancements and product developments. Market players strive to achieve application development to gain a competitive advantage over their competitors. Presence of local players in Asia Pacific poses a significant threat to the large multinational companies in terms of product quality and prices offered to the customers. Some of the prominent players in the welded spiral heat exchangers market include:

·        Alfa Laval AB

·        Danfoss A/S

·        Gooch Thermal Systems, Inc.

·        Nexson Group

·        Elanco, Inc.

·        Kurose Chemical Equipment Co., Ltd.

·        Shanghai Shenglin M&E Technology Co., Ltd.

·        SmartHeat Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.