Welded Spiral Heat Exchangers Market

Welded spiral heat exchangers market will grow at a CAGR of 3.95% in the forecast period of 2021 to 2028. Rise in the rapid industrial expansions in developing economies of APAC is an essential factor driving the Welded spiral heat exchangers market.

Automotive heat exchange helps in allowing the transfer of heat from one medium to another at varying temperature. The two mediums contain fluids that flows to each other but are separated by a metal having good heat transfer properties. Out of the two, one is hot and the other a cold fluid. The hot liquid transfers heat to the freezing liquid as they both pass through the heat exchanger, thus decreasing the high temperature of the hot liquid and raising the warmth of the cold liquid.

Rise in the stringent environmental regulations acts as a crucial factor accelerating the market growth, also increasing demand for battery thermal management system, rise in the expansion of industrial activities in developing countries, rise in the demand for turbochargers, rise in the demand of vehicles due to rise in population and increasing disposable income, increasing requirements for automotive components, rising production of commercial and passenger vehicles, rise in adoption of energy saving equipment due to rise in the cost of energy and rise in demand for automotive components in engineering industrial and commercial applications are the major factors among others boosting the welded spiral heat exchangers market. Moreover, rise in the battery thermal management system, increasing technological advancements and rising research and development activities will further create new opportunities for welded spiral heat exchangers market in the forecast period mentioned above.

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The major players covered in welded spiral heat exchangers market report are AKG Thermal Systems, Inc., American Industrial Heat Transfer, Inc., Banco Products Ltd, Climetal S.L. - Heat Exchanger, Constellium, DENSO CORPORATION., GM Radiator Mfg Ltd, HRS Process Systems Ltd., MAHLE GmbH, MODINE MANUFACTURING COMPANY, Nippon Light Metal Co.,Ltd, Precision Micro, Valeo, T.RAD Co., Ltd, Calsonic Kansei Corporation, Hanon Systems., Radiant Heat Exchanger Pvt. Ltd., HRS Process Systems Ltd., Universal Heat Exchangers Limited and Dana Limited. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Welded Spiral Heat Exchangers Market Scope and Market Size

Welded spiral heat exchangers market is segmented on the basis of type, application and flow type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of type, welded spiral heat exchangers market is segmented into radiator, oil cooler, intercooler, air conditioning, exhaust gas and other applications.
• Based on application, the welded spiral heat exchangers market is segmented into petrochemicals, food beverages, steel making, pharmaceutical, wastewater treatment, pulp paper and others.
• The welded spiral heat exchangers market is also segmented on the basis of flow type into counter-current flow and co-current flow.

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Welded Spiral Heat Exchangers Market Scope Country Level Analysis

Welded spiral heat exchangers market is analysed and market size, volume information is provided by country, type, application and flow type as referenced above.

The countries covered in the welded spiral heat exchangers market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the welded spiral heat exchangers market due to rise in the demand for petrochemical derivatives in various end-use industries such as plastics and packaging and rise in adoption of energy saving equipment due to rise in the cost of energy in this region. Europe is the expected region in terms of growth in welded spiral heat exchangers market due to rise in the demand for turbochargers and rise in the demand of vehicles due to rise in population in this region.

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