The chemical segment is the largest application area for heat exchangers
April 12, 2016
The global market for heat exchangers is forecast to grow from $12.94 billion in 2016 to $19.14 billion by 2021, growing at a compound annual growth rate (CAGR) of 8.2 percent, according to a report published by MarketsandMarkets.
Asia-Pacific is currently the largest market; U.S. is the largest market in North America
February 16, 2016
The global shell and tube heat exchangers market is forecast to grow from $5.29 billion in 2015 to $7.05 billion by 2020, at a compound annual growth rate (CAGR) of 4.98 percent, according to a new report published by MarketsandMarkets.
The North American heat exchangers market was valued at $4 billion in 2014 and is estimated to reach $5.5 billion by 2019, growing at a compound annual growth rate (CAGR) of 6.4 percent from 2014 to 2019, according to a report from MicroMarket Monitor.
Distributor has 14 field sales engineers working with customers’ plants in a range of industries
November 25, 2015
Enerquip, a designer and fabricator of stainless steel and high alloy shell and tube heat exchangers, has added Affiliated Steam & Hot Water to its team of distributors and manufacturer representatives to meet its plans for continued growth.
Koch Said This Acquisition Will Allow It to Expand into Additional Markets
April 14, 2015
Koch Heat Transfer Co. LP, a subsidiary of Koch Chemical Technology Group LLC, has purchased the Alco, Alco-Twin, and Bos-Hatten brands of heat exchangers from Peerless Mfg. Co., a subsidiary of PMFG Inc.
Increasing Demand from Emerging Economies and Rising Industrial Growth to Drive Sales
July 8, 2014
Global heat exchanger market revenues are forecast to grow at a compound annual growth rate (CAGR) of 9 percent from 2014 to 2019, according to a new report by TechSci Research. The market is expected to be driven by growing industrialization across the globe and increasing demand from developing economies.
Old Facility Will Be Used for Training and Production
June 24, 2013
Fresh on the heels of the announcement of an expansion of one of its plants in Germany, Bitzer is celebrating the opening of a new factory in Flowery Branch, Ga., where Bitzer U.S. is headquartered. The company makes refrigeration and air conditioning compressors as well as pressure vessels.