QYResearch: The Metal Heat Exchangers consumption volume is expected to reach 1700.30K Ton in 2021
Metal Heat Exchangers is a piece of equipment built for efficient heat transfer from one medium to another. Metal Heat exchangers are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.
In the past five years from 2011 to 2015, global Metal Heat Exchangers production revenue market scale was from 7900.82 million US dollars to $ 10734.28 million. It is estimated to reach 15147.91 million dollars by 2021 from 11390.57 million dollars in 2016, with the CAGR of 5.86% in terms of revenue over the period 2016-2021.
According to QYResearch, The Metal Heat Exchangers consumption volume was 1213.14 K Ton in 2016 and is expected to reach 1700.30K Ton in 2021, growing at a CAGR of 6.99% from 2016 to 2021. China`s sales volume accounted for the highest market share (25.66%) in 2016, followed by the USA and Europe.
At present, the manufactures of Metal Heat Exchangers are concentrated in USA, China, Europe, Asia Pacific (Except China) and India. Europe is the largest production area in the world, which occupied about 26.03% in 2016. The following areas are the USA and China. The global leading players in this market are Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, etc.
The Metal Heat Exchangers are mainly used by Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating and Food Industry. The dominant applications of Metal Heat Exchangers are Petrochemical and Electric Power & Metallurgy.
Despite the presence of competition problems, due to the increasing downstream demand of leading-edge, effective products, the government policy support of the relevant industry, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
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