Market Overview:
The global submerged coil heat exchanger market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient and cost-effective heating and cooling systems across the globe. In addition, the growing demand for HVAC& refrigeration systems in commercial and residential sectors is also propelling the growth of this market. Based on type, stainless steel segment accounted for majority share of the global submerged coil heat exchanger market in 2017. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its high thermal conductivity and corrosion resistance properties as compared with other materials used in manufacturing submerged coil heat exchangers such as titanium alloy and others segments.
Product Definition:
A submerged coil heat exchanger is a device used to transfer thermal energy between two fluids. The fluids are typically in contact with each other over a large surface area, allowing for efficient heat exchange. The importance of submerged coil heat exchangers lies in their ability to provide efficient thermal energy transfer in applications where traditional heat exchangers would not be feasible.
Stainless Steel:
Stainless steel is a type of metal that has high corrosion resistance and strong magnetic, electrical, and thermal properties. It is also known as ferritic or grey iron because of it's mixture with small amounts of carbon. Stainless steel does not normally contain any chromium; however, there are various types of stainless alloys that do contain chromium including 18/10 (pure) and 13/9 (mild) which have higher corrosion resistance than other grades.
Titanium Alloy:
Titanium alloys are a group of metallic compounds, consisting of titanium and other alloying elements such as iron, nickel, aluminum, manganese and molybdenum.
The key properties exhibited by these alloys include corrosion resistance & high strength at low temperature & an ability to withstand great stress along with excellent fatigue resistance.
Application Insights:
The HVAC and refrigeration application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing use of SABs in residential and commercial buildings, owing to their ability to reduce energy consumption by up to 25%. Furthermore, they are also used in industrial applications such as food processing and beverage manufacturing.
SABs find application across various industries including oil & gas, pulp & paper, power generation, chemicals and petrochemicals among others. They are widely used across all major verticals due to their ability provide heat transfer efficiency while minimizing operational costs. These exchangers also possess excellent corrosion resistance which makes them suitable for harsh environments such as offshore platforms or ships hulls at sea among others.
Food & beverages is expected register a CAGR of XX% from 2018-2030 owingto an increase in product demand from cold storage tanks that store perishable products like fruits juices etc.
Regional Analysis:
Asia Pacific emerged as the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrial activities, especially in China and India, which has led to an increased demand for heat exchangers. In addition, rising energy prices are driving industries to find cost-effective solutions for energy consumption.
Europe accounted for a significant share of revenue owing to large-scale adoption of SWHEs across several industries including power generation, HVAC & refrigeration and others.
Growth Factors:
- Increasing demand for energy efficient heating and cooling systems
- Growing popularity of submerged coil heat exchangers in data centers and other large-scale commercial applications
- Rising awareness about the benefits of submerged coil heat exchangers among industrial and institutional buyers
- Technological advancements that have made these devices more reliable and efficient
- The increasing use of renewable energy sources, which creates a need for more efficient thermal management solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Submerged Coil Heat Exchanger Market Research Report
By Type
Stainless Steel, Titanium Alloy, Other
By Application
HVAC & refrigeration, Food & beverages, Power generation, Pulp & paper, Others
By Companies
Alfa Laval, Kelvion, SPX, Standard Xchange, API Heat Transfer, Brask, Hughes Anderson, Manning and Lewis, Mason Manufacturing, Kennedy Tank & Manufacturing, Alfa Laval, Hrs Heat Exchangers, Koch Heat Transfer, Southern Heat Exchanger
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Submerged Coil Heat Exchanger Market Report Segments:
The global Submerged Coil Heat Exchanger market is segmented on the basis of:
Types
Stainless Steel, Titanium Alloy, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HVAC & refrigeration, Food & beverages, Power generation, Pulp & paper, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alfa Laval
- Kelvion
- SPX
- Standard Xchange
- API Heat Transfer
- Brask
- Hughes Anderson
- Manning and Lewis
- Mason Manufacturing
- Kennedy Tank & Manufacturing
- Alfa Laval
- Hrs Heat Exchangers
- Koch Heat Transfer
- Southern Heat Exchanger
Highlights of The Submerged Coil Heat Exchanger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Titanium Alloy
- Other
- By Application:
- HVAC & refrigeration
- Food & beverages
- Power generation
- Pulp & paper
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Submerged Coil Heat Exchanger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A submerged coil heat exchanger is a type of heat exchanger that uses coils to transfer thermal energy from one fluid to another. The coils are submerged in the two fluids being exchanged, and the heated water or oil circulates around the coils. This system is often used in industrial applications, such as manufacturing plants and power plants, because it can efficiently exchange large amounts of thermal energy between different fluids.
Some of the major companies in the submerged coil heat exchanger market are Alfa Laval, Kelvion, SPX, Standard Xchange, API Heat Transfer, Brask, Hughes Anderson, Manning and Lewis, Mason Manufacturing, Kennedy Tank & Manufacturing, Alfa Laval, Hrs Heat Exchangers, Koch Heat Transfer, Southern Heat Exchanger.
The submerged coil heat exchanger market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Submerged Coil Heat Exchanger Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Submerged Coil Heat Exchanger Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Submerged Coil Heat Exchanger Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Submerged Coil Heat Exchanger Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Submerged Coil Heat Exchanger Market Size & Forecast, 2020-2028 4.5.1 Submerged Coil Heat Exchanger Market Size and Y-o-Y Growth 4.5.2 Submerged Coil Heat Exchanger Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Titanium Alloy
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 HVAC & refrigeration
6.2.2 Food & beverages
6.2.3 Power generation
6.2.4 Pulp & paper
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Submerged Coil Heat Exchanger Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Submerged Coil Heat Exchanger Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Titanium Alloy
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 HVAC & refrigeration
9.10.2 Food & beverages
9.10.3 Power generation
9.10.4 Pulp & paper
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Titanium Alloy
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 HVAC & refrigeration
10.10.2 Food & beverages
10.10.3 Power generation
10.10.4 Pulp & paper
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Titanium Alloy
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 HVAC & refrigeration
11.10.2 Food & beverages
11.10.3 Power generation
11.10.4 Pulp & paper
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Titanium Alloy
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 HVAC & refrigeration
12.10.2 Food & beverages
12.10.3 Power generation
12.10.4 Pulp & paper
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Titanium Alloy
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 HVAC & refrigeration
13.10.2 Food & beverages
13.10.3 Power generation
13.10.4 Pulp & paper
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Submerged Coil Heat Exchanger Market: Competitive Dashboard
14.2 Global Submerged Coil Heat Exchanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfa Laval
14.3.2 Kelvion
14.3.3 SPX
14.3.4 Standard Xchange
14.3.5 API Heat Transfer
14.3.6 Brask
14.3.7 Hughes Anderson
14.3.8 Manning and Lewis
14.3.9 Mason Manufacturing
14.3.10 Kennedy Tank & Manufacturing
14.3.11 Alfa Laval
14.3.12 Hrs Heat Exchangers
14.3.13 Koch Heat Transfer
14.3.14 Southern Heat Exchanger