Market Overview:
The global welded spiral heat exchangers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for welded spiral heat exchangers from various end-use industries, such as petrochemicals, food & beverages, steel making, pharmaceuticals, wastewater treatment and pulp & paper. In addition, the growing demand for energy-efficient equipment is also contributing to the growth of this market. On the basis of type, the global welded spiral heat exchangers market can be segmented into plate type, tube type and shell type. Among these segments, tube type is expected to witness highest growth during the forecast period owing to its high efficiency and compact size. On the basis of application, petrochemicals are expected to account for majority share in terms of revenue in 2018 followed by food & beverages industry.
Product Definition:
A welded spiral heat exchanger is a device used to transfer heat between two fluids. It consists of a coil of tubing that is wrapped around a central core. The tubes are welded together, forming a spiral shape. The fluids pass through the tubes, exchanging heat as they go. Welded spiral heat exchangers are important because they are efficient and reliable.
Plate:
The global plate, it's usage and growth factor in the welded spiral heat exchangers market size was valued at USD 1.8 billion in 2016.
Tube:
The tube is a cylindrical piece made of metal or plastic, which is used in the heat exchangers for spiral-shaped flow. The spiral shaped flow helps to increase the heat transfer rate and minimize the backwash. It has applications in various industries such as chemical, petrochemical, power generation etc.
The global demand for welded spirals was estimated at 810kilo tons in 2015.
Application Insights:
Petrochemicals, food & beverages, steel making, pharmaceuticals and wastewater treatment are the key application areas of welded SHE. The Petrochemical segment dominated the global industry in terms of revenue in 2017. This is attributed to rising demand for petroleum products including gasoline and diesel from various end-use industries such as automotive and energy generation. In addition, favorable government policies regarding R&D investments for enhancing oil refining capabilities coupled with growing population have boosted product demand globally over the past few years.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from end-users such as chemical, food & beverage, and steel manufacturing industries. In addition, rising investments by governments in developing countries are anticipated to drive the market further. For instance, China’s 13th Five-Year Plan (2016 – 2020) has identified energy efficiency improvement as a key area for development which is expected to positively impact industry growth over the forecast period.
North America accounted for a significant share of global revenue in 2017 owing to growing industrial activities coupled with stringent environmental regulations by EPA and other government agencies regarding heat transfer equipment usage in various end-use applications across numerous sectors including chemicals; petrochemicals; food & beverage; wastewater treatment; steel making; pharmaceuticals and others. The U.S.
Growth Factors:
- Increasing demand for energy efficient technologies: The global market for welded spiral heat exchangers is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for energy efficient technologies across the world.
- Rising investments in industrial infrastructure: The growth of the welding spiral heat exchanger market is also driven by rising investments in industrial infrastructure by various governments and private players across different regions of the world.
- Growing popularity of renewable energy sources: Another key factor driving growth in this market is the growing popularity of renewable energy sources, such as solar and wind power, which require efficient thermal management solutions. Welded spiral heat exchangers are an ideal solution for this requirement as they offer high efficiency and compact size.
- Technological advancements: The welded spiral heat exchanger market is witnessing rapid technological advancements, with new products being launched regularly to meet changing customer needs and preferences. This is helping fuel growth in this market segment overall.
Scope Of The Report
Report Attributes
Report Details
Report Title
Welded Spiral Heat Exchangers Market Research Report
By Type
Plate, Tube, Shell
By Application
Petrochemicals, Food & Beverages, Steel Making, Pharmaceutical, Wastewater Treatment, Pulp & Paper, Others
By Companies
Alfa Laval AB, Danfoss A/S, Gooch Thermal Systems, Inc., Nexson Group, Elanco, Inc., Kurose Chemical Equipment Co., Ltd., Shanghai Shenglin M&E Technology Co., Ltd., SmartHeat Inc., Shineheat Corp
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Welded Spiral Heat Exchangers Market Report Segments:
The global Welded Spiral Heat Exchangers market is segmented on the basis of:
Types
Plate, Tube, Shell
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
Petrochemicals, Food & Beverages, Steel Making, Pharmaceutical, Wastewater Treatment, 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 AB
- Danfoss A/S
- Gooch Thermal Systems, Inc.
- Nexson Group
- Elanco, Inc.
- Kurose Chemical Equipment Co., Ltd.
- Shanghai Shenglin M&E Technology Co., Ltd.
- SmartHeat Inc.
- Shineheat Corp
Highlights of The Welded Spiral Heat Exchangers 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:
- Plate
- Tube
- Shell
- By Application:
- Petrochemicals
- Food & Beverages
- Steel Making
- Pharmaceutical
- Wastewater Treatment
- 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 Welded Spiral Heat Exchangers 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.
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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?
Welded spiral heat exchangers are a type of heat exchanger that is made from a series of interconnected tubes. The tubes are welded together in a spiral pattern, which allows the heat exchanger to move more air and fluid at once than other types of heat exchangers. This makes it an ideal choice for applications where high flow rates are required, such as industrial processes or water treatment facilities.
Some of the key players operating in the welded spiral heat exchangers market are Alfa Laval AB, Danfoss A/S, Gooch Thermal Systems, Inc., Nexson Group, Elanco, Inc., Kurose Chemical Equipment Co., Ltd., Shanghai Shenglin M&E Technology Co., Ltd., SmartHeat Inc., Shineheat Corp.
The welded spiral heat exchangers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Welded Spiral Heat Exchangers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Welded Spiral Heat Exchangers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Welded Spiral Heat Exchangers Market - Supply Chain
4.5. Global Welded Spiral Heat Exchangers Market Forecast
4.5.1. Welded Spiral Heat Exchangers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Welded Spiral Heat Exchangers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Welded Spiral Heat Exchangers Market Absolute $ Opportunity
5. Global Welded Spiral Heat Exchangers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Welded Spiral Heat Exchangers Market Size and Volume Forecast by Type
5.3.1. Plate
5.3.2. Tube
5.3.3. Shell
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Welded Spiral Heat Exchangers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Welded Spiral Heat Exchangers Market Size and Volume Forecast by Application
6.3.1. Petrochemicals
6.3.2. Food & Beverages
6.3.3. Steel Making
6.3.4. Pharmaceutical
6.3.5. Wastewater Treatment
6.3.6. Pulp & Paper
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Welded Spiral Heat Exchangers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Welded Spiral Heat Exchangers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Welded Spiral Heat Exchangers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Welded Spiral Heat Exchangers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Welded Spiral Heat Exchangers Demand Share Forecast, 2019-2026
9. North America Welded Spiral Heat Exchangers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Welded Spiral Heat Exchangers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Welded Spiral Heat Exchangers Market Size and Volume Forecast by Application
9.4.1. Petrochemicals
9.4.2. Food & Beverages
9.4.3. Steel Making
9.4.4. Pharmaceutical
9.4.5. Wastewater Treatment
9.4.6. Pulp & Paper
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Welded Spiral Heat Exchangers Market Size and Volume Forecast by Type
9.7.1. Plate
9.7.2. Tube
9.7.3. Shell
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Welded Spiral Heat Exchangers Demand Share Forecast, 2019-2026
10. Latin America Welded Spiral Heat Exchangers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Welded Spiral Heat Exchangers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Welded Spiral Heat Exchangers Market Size and Volume Forecast by Application
10.4.1. Petrochemicals
10.4.2. Food & Beverages
10.4.3. Steel Making
10.4.4. Pharmaceutical
10.4.5. Wastewater Treatment
10.4.6. Pulp & Paper
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Welded Spiral Heat Exchangers Market Size and Volume Forecast by Type
10.7.1. Plate
10.7.2. Tube
10.7.3. Shell
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Welded Spiral Heat Exchangers Demand Share Forecast, 2019-2026
11. Europe Welded Spiral Heat Exchangers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Welded Spiral Heat Exchangers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Welded Spiral Heat Exchangers Market Size and Volume Forecast by Application
11.4.1. Petrochemicals
11.4.2. Food & Beverages
11.4.3. Steel Making
11.4.4. Pharmaceutical
11.4.5. Wastewater Treatment
11.4.6. Pulp & Paper
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Welded Spiral Heat Exchangers Market Size and Volume Forecast by Type
11.7.1. Plate
11.7.2. Tube
11.7.3. Shell
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Welded Spiral Heat Exchangers Demand Share, 2019-2026
12. Asia Pacific Welded Spiral Heat Exchangers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Welded Spiral Heat Exchangers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Welded Spiral Heat Exchangers Market Size and Volume Forecast by Application
12.4.1. Petrochemicals
12.4.2. Food & Beverages
12.4.3. Steel Making
12.4.4. Pharmaceutical
12.4.5. Wastewater Treatment
12.4.6. Pulp & Paper
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Welded Spiral Heat Exchangers Market Size and Volume Forecast by Type
12.7.1. Plate
12.7.2. Tube
12.7.3. Shell
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Welded Spiral Heat Exchangers Demand Share, 2019-2026
13. Middle East & Africa Welded Spiral Heat Exchangers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Welded Spiral Heat Exchangers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Welded Spiral Heat Exchangers Market Size and Volume Forecast by Application
13.4.1. Petrochemicals
13.4.2. Food & Beverages
13.4.3. Steel Making
13.4.4. Pharmaceutical
13.4.5. Wastewater Treatment
13.4.6. Pulp & Paper
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Welded Spiral Heat Exchangers Market Size and Volume Forecast by Type
13.7.1. Plate
13.7.2. Tube
13.7.3. Shell
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Welded Spiral Heat Exchangers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Welded Spiral Heat Exchangers Market: Market Share Analysis
14.2. Welded Spiral Heat Exchangers Distributors and Customers
14.3. Welded Spiral Heat Exchangers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfa Laval AB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danfoss A/S
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gooch Thermal Systems, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nexson Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elanco, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kurose Chemical Equipment Co., Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shanghai Shenglin M&E Technology Co., Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SmartHeat Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shineheat Corp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
