The 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.
Browse full research report on Welded Spiral Heat Exchangers
Market: https://www.grandviewresearch.com/industry-analysis/welded-spiral-heat-exchangers-market
Further key findings from the report suggest:
- 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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/welded-spiral-heat-exchangers-market/request/rs1
Grand View Research has segmented the global welded spiral heat
exchangers market based on end use and region:
End Use Outlook (Revenue, USD Million, 2014 - 2025)
- Chemical
- Food
& Beverages
- HVAC
& Refrigeration
- Petrochemicals
- Power
Generation
- Pulp
& Paper
- Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East and Africa
- UAE
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.
For
more info visit @ https://www.grandviewresearch.com
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