Printed Circuit Heat Exchangers Market Insights
The Global Printed Circuit Heat Exchangers market is expected to grow at a significant CAGR over the forecast period. Printed circuit heat exchangers combine the properties of plate-type units along with temperature and pressure capabilities of shell and tubes and provide efficient performance and maximum safety. These heat exchangers are light-weight and much more compact compared to traditional heat exchangers.
The market for printed circuit heat exchangers is driven by growing industrialization in emerging economies and demand for efficient heat exchange technologies. The equipment finds extensive applications in offshore energy production, chemical processing and production of industrial gases among others. Technological advancements and innovation in printed circuit heat exchangers in multiple industries are expected to boost the market further during the forecast period.
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Printed Circuit Heat Exchangers Market: Application Insights
On the basis of type, the Printed Circuit Heat Exchangers market can be classified into chemical processing, oil & gas, power generation, and industrial gases among others. The chemical processing segment is projected to hold a significant market share in terms of revenue followed by the power generation and energy storage segment. Benefits provided by print circuit heat exchangers such as fast and efficient performance and its ability to occupy operate effectively in less space are some factors expected to positively affect the market for printed circuit heat exchangers.
Printed Circuit Heat Exchangers Market: Regional Insights
The Asia Pacific region is projected to grow at the highest CAGR owing to fast-growing industrial activities in countries such as China, India, South Korea, and Japan among others. Technological developments and increasing end-use applications of printed circuit heat exchangers are projected to positively affect the market. Europe is expected to hold the major market share in terms of revenue owing to environmental regulations and awareness about growing emission of F-gases.
Printed Circuit Heat Exchangers Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Printed Circuit Heat Exchangers over the coming years. Some leading consumers of controlled release fertilizer are BASF, ExxonMobil and EDF among others.
Printed Circuit Heat Exchangers Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Printed Circuit Heat Exchangers Market: Share & Competitor Analysis
Some of the key players operating in the Printed Circuit Heat Exchangers market are Heatric, Alfa Laval, Hexces, Kobelco, Relevant, DongHwa Entec, VPE and TKT TankTek among others.
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