Articles Tagged with ''heat exchangers''

MISTRAS announced the acquisition of Condenser & Chiller Services Inc. (CCS). CCS is a nondestructive testing (NDT) inspection and complete heat exchanger service provider for commercial and industrial cooling and air conditioning applications. CCS subsidiary, California Finned Tube Company (Cal-Fin), a manufacturer and vendor of heat exchanger tubes, was included as part of the acquisition.

The University of Maryland, through a partnership with 3D Systems and the U.S. Department of Energy’s (DOE’s) Building Technologies Office, has used 3D printing to prototype a new heat exchanger. The product weighs 20 percent less, is 20 percent more efficient, and can be manufactured much quicker, compared to current designs.

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.

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 global heat exchangers market was valued at $14.1 billion in 2014, and it is forecast to grow at a compound annual growth rate (CAGR) of 6.5 percent from 2015 to 2020, according to a report from P&S Market Research.

SPX Corp. announced an agreement for the sale of its Dry Cooling business to Paharpur Cooling Towers Limited. The purchase price is estimated to be approximately $48 million, subject to adjustments for working capital at closing.

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.