Steam heat exchangers are used to raise the temperature of well effluents to reduce viscosity, breakdown emulsions for efficient separation oil and water followed by prevention of hydrate formation. Demand for Steam heat exchangers is anticipated to grow during the forecast period owing to increasing need for fast energy transfer in various end use vertical. Rapid urbanization rate, growing population, coupled with the ever growing energy needs in foreseen to reinforce the steam heat exchanger demand. The oil & gas sector, is foreseen to witness the significant growth over the forecast duration. This can be attributed to the growing demand of steam heat exchangers in the upstream and downstream processing industry across the globe. Growing consumption of petrochemical products has amplified the movement in the upstream processing across the North America and MEA region which is further anticipated to bolster the growth of the global steam heat exchangers market by the end of the forecast duration.
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Although, the global outbreak of coronavirus is expected to impact significantly to the global steam heat exchangers market as the ongoing economic slowdown is poised to hamper the supply and demand eco-system across the various end use verticals. Which can influence the growth of steam heat exchanger market in near future.
COVID-19 Impact on the Global Steam Heat Exchanger Market
The outbreak of COVID-19 is poised to slow down the growth of steam heat exchanger market in the near term due to unprecedented impact in the economy amid complete nationwide lockdown. This is having a considerable impact on the demand and supply side and hitting the players operating in the steam heat exchanger market. These steam heat exchanger market are used in wide array of end use industry vertical like Oil & Gas, Food & Beverage, Power Generation and many others
Post COVID-19 crisis the companies will have to ramp up their productions and strategize on their supply chain and operations in order to meet the industry demand. This, in turn, is expected to drive the growth of the steam heat exchanger market during the forecast period 2020-2030
Steam Heat Exchanger Market: Market Segmentation
The global Steam Heat Exchanger market can be segmented on the basis of heating type, product type, End use & region
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Based on the heating type, the Steam Heat Exchanger market can be segmented as:
- Direct Heating Equipment
- Indirect Heating Equipment
Based on the product type, the Steam Heat Exchanger market can be segmented as:
- Shell & Tube
- Plate & Frame
- Air Cooled
Based on the end use, the Steam Heat Exchanger market can be segmented as:
- Oil & Gas
- Food & Beverage
- Power Generation
- Others (HVACR and Pulp & Paper)
Based on the region, the Steam Heat Exchanger market can be segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Regional Analysis: Asia-Pacific Set to Unlock Lucrative Opportunities
North America is estimated to hold significant market share in the global steam heat exchanger market. In spite of significant market growth, the South Asia steam heat exchanger market still holds a lot of upside potential. Europe is estimated to account for significant market share as in the global steam heat exchanger market as the region has considerable demand of steam heat exchangers among various end use verticals. Furthermore, the demand for steam heat exchangers is also gaining significant traction in various countries such as China, India, Saudi Arabia, and Brazil due to increasing industrialization. Thereby creating substantial opportunity for the players operating in steam heat exchanger market.
Global Steam Heat Exchanger Market Competitive Landscape
Prominent manufactures are capitalizing significantly in their research & development activities in order to constantly incorporate changes steam heat exchanger designs as per the requirement. The prominent players operating in the global steam heat exchanger market are Xylem Inc, Schlumberger, Airpac Bukom, Thrush Co. Inc., PURE Humidifier Co., Thermal Transfer Systems, Sussman Electric Boilers, Taco Comfort Solutions, Kelvion Holdings GmbH and Others.
The research report presents a comprehensive assessment of the Steam Heat Exchanger Market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Steam Heat Exchanger market segments such as by heating type, product type, application & region.
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The Steam Heat Exchanger Market report covers exhaustive analysis on:
- Steam Heat Exchanger Market Segments
- Steam Heat Exchanger Market Dynamics
- Steam Heat Exchanger Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Steam Heat Exchanger Market includes:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia & Oceania (India, Malaysia, Thailand, Indonesia, Australia & Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, Turkey, South Africa, & Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Steam Heat Exchanger Market segments and geographies.
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