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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 6 billion
- Forecast CAGR (2021-2026): 5%
Increased demand for the product in the food and beverage, petrochemicals, HVAC and refrigeration, and chemical industries, especially in Asia Pacific’s emerging economies, is driving the market.
Industry Definition and Major Segments
The welded spiral heat exchanger is the result of rolling two long metal plates around a central core to create two concentric spiral flow parts, one for each fluid.
Based on the flow type, the industry is divided into:
- Countercurrent Flow
- Co-Current Flow
Based on applications, the industry is divided into:
The regional markets of welded spiral heat exchangers like:
- North America
- Latin America
- the Middle East and Africa
- the Asia Pacific
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The widespread use of the commodity in industries such as food and beverages, chemicals, HVAC and refrigeration, power generation, petrochemical, and pulp and paper drives the global welded spiral heat exchangers industry. In addition, the demand from the chemical industry, increased emphasis on improving productivity standards, and technological advances are expected to boost market growth over the forecast period. The increasing use of welded spiral heat exchangers in the petrochemical, chemical, food and beverage, and pulp and paper industries has boosted the demand in the United States.
Key Market Players
The major players in the market are Danfoss A/S, Alfa Laval AB (STO: ALFA), Elanco, Inc., Gooch Thermal Systems, Inc., and Kurose Chemical Equipment Co., Ltd. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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