A heat exchanger is a device designed to efficiently transfer heat from one matter to another. When a fluid is used to transfer heat, it can be a liquid, such as water or oil. It is used across various industries such as chemical, petrochemical, oil & gas, HVAC, pulp & paper, and power generation. It plays a major role in helping these industries increase their operational efficiency and reduce energy consumption.
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A heat exchanger is made up of heat transfer elements such as a core or matrix. These elements contain the heat transfer surface, and fluid distribution elements namely, headers, manifolds, tanks, inlet & outlet nozzles, pipes, or seals. Different heat transfer applications require diverse type of hardware and several configurations of heat exchangers. Due to wide variety of heat exchanger configurations, different classification systems are devised and followed across the globe based upon the basic operation, construction, heat transfer process, and flow arrangements. Commercially, heat exchangers are majorly classified according to construction type as tubular heat, plate heat, extended surface heat, and regenerators.
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The heat exchangers market in the U.S. accounted for the largest share in the North American heat exchangers market. This large share is attributed increased use of heat exchangers in the end user industries. In-depth profiling of the key players have been conducted, along with the strategies (including new product launches, partnerships, agreements, collaborations, and joint ventures) adopted by them to sustain and strengthen their position in the North American heat exchangers market.
Major players operating in this market include as Tranter, Inc. (U.S.), Xylem Inc. (U.S.), API Heat Transfer (U.S.), Modine Manufacturing Company (U.S.), and SPX Corporation (U.S.), among several others.
