PRESS RELEASE
Released May 8, 2023
Expert Market Research’s new report titled Global Market size of spiral welded heat exchangersShare, Price, Trends, Report, Forecast 2023-2028, provides an in-depth analysis of the global Spiral Welded Heat Exchangers market, assessing the market based on its segments such as flow type, applications and major regions.
The report tracks the latest industry trends and studies their impact on the broader market. It also assesses market dynamics, covering key demand and price indicators, as well as analyzing the market based on SWOT and Porters Five Forces models.
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Highlights of the report include:
Market Overview (2018-2028)
- Historical market size (2020): 1.6 billion
- CAGR forecast (2023-2028): 4.5%
Rising product demand in the food and beverage, petrochemical, HVAC and refrigeration and chemical industries, particularly in the emerging economies of Asia Pacific, is driving the market.
Definition of the spiral welded heat exchanger industry and main 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.
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According to the type of flow, the sector is divided into:
- Countercurrent flow
- Co-current flow
Based on the applications, the sector is divided into:
- Petrochemical
- Steelmaking
- Pharmaceutical
- Wastewater Treatment
- Cellulose and paper
- Refining of vegetable oil
- Others
The regional markets for spiral welded heat exchangers such as:
- North America
- Latin America
- Europe
- the Middle East and Africa
- the Asia Pacific
Spiral welded heat exchanger market trends
The commodity’s widespread use in industries such as food and beverage, chemicals, HVAC and refrigeration, power generation, petrochemical, and pulp and paper drives the global welded spiral heat exchanger industry. Furthermore, the demand from the chemical industry, increased emphasis on improving productivity standards and technological advances are expected to stimulate 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 increased the demand in the United States.
Major players in the market
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, capabilities , plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments from these market players.
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