U.S. Heat Exchangers Market To Increase CAGR in 2019
Based on a report from MicroMarket Monitor, North American heat exchangers market is calculated to reach $5.5 billion by 2019, increasing at a compound annual growth rate (CAGR) of 6.4 percent from 2014 up to 2019. This is a major improvement compared to the market value of the said industry in 2014 which was evaluated at $4 billion.
Two of the major factors that drive the heat exchangers market include the growing demand for heat exchangers around end user industries and fast-changing technological improvements nowadays.
The scope of the report focuses on categorizing the global heat exchangers market on the basis of type, geography, and application including the analyzing trends and forecasting value in every submarket.
Based on the type, the market is segmented into plate and frame type, shell and tube type, air cooled, and others.
On the basis of classification, the heat exchangers market is analyzed depending on the material of construction (MoC), temperature range and fluid type, and others. Aside from the United States, other countries like Canada are also included in the study.
The report found that the heat exchangers market in the United States is calculated to have the largest share of 80.2 percent last year, and the shell and tube type heat exchangers are said to have the largest share in this specific category.
The report also discussed in detail the competitive premises of the top companies in the North American heat exchangers markets. Such companies and leading players of the industry were profiled in the study report highlighting their recent progress and other strategic industry activities. Some of the top manufacturers of heat exchangers that were included in the report include SPX Corporation, API Heat Transfer, Tranter, Inc., Xylem Inc., and Modine Manufacturing Company.
According to the website of MicroMarket Monitor, their reports are more graphical in nature which provides multi-dimensional analysis of any market using advanced business intelligence tools. The company uses RT-Connect to connect more than 10 million industry stakeholders to do research on any given target market and provides entire value chain reports as one bundle of report.
To know more about the report about the heat exchangers market in the United states, visit MicroMarket’s website here.