Regenerative heat exchanger Market is expected to rise with a single digit growth rate of 6.3% in the forecast period.
The number of high-temperature applications has increased in recent years. This has led to an increase in the demand for systems that can operate at high temperature. The increasing demand for recovery of waste heat has led to wide adoption of a regenerative heat exchanger. A regenerative heat exchanger is a system that allows fluids to pass over the storage material in an alternate manner for efficient heat transfer. The regenerative heat exchanger systems are widely used to enhance the energy efficiency of a high-temperature process. The regenerative heat exchanger is widely used for making glass and steal since it increases the efficiency of open hearth furnaces. The regenerative heat exchanger is highly suitable for gas heat exchange applications.
The vendors in the regenerative heat exchanger are focusing on designing and manufacturing systems that can provide high reliability, rigid design and enhanced performance. Vendors are also focusing on making systems more economical. A high amount of investment and increased research and development are key trends in regenerative heat exchanger market.
Regenerative heat exchanger Market: Drivers and Restraints
The regenerative heat exchanger has a wide surface area for a given volume and provides a less exchange volume for a given energy density. Due to this, the regenerative heat exchanger becomes more economical in terms of resources and manufacturing. Also, the design of inlet and outlet headers is very simple. These factors are driving the adoption of the regenerative heat exchanger in the market. The surface of regenerative heat exchanger has the ability to self-clean, thereby reducing the fluid-side fouling and corrosion. Also, the regenerative heat exchanger has small surface density and has low heat transfer coefficient for gases. Such factors are further driving the adoption of the regenerative heat exchanger in the market.
In the regenerative heat exchanger, the liquids cannot be completely separated, which leads to mixing of the fluid streams in the rotatory regenerative heat exchanger and fixed regenerative heat exchanger. Thus, these systems can only be used in cases where the mixing of liquids is acceptable. This hampers the adoption of the regenerative heat exchanger in applications where liquids are used. The regenerative heat exchanger produces constant heating and cooling that can put stress over the components leading to cracking or breakdown of materials. Such factors are furthermore hampering the growth of regenerative heat exchanger market.
Regenerative heat exchanger Market: Segmentation
The regenerative heat exchanger market can be categorized on the basis type and application. On the basis of the type in the regenerative heat exchanger market, the demand for plate regenerative heat exchanger is expected to rise due to increasing demand for heat pump and chillers. On the basis of application, the demand for the regenerative heat exchanger in bus and train A/C is expected to rise in the forecast period.
Regenerative heat exchanger market can be segmented on the basis of type:
- Shell heat exchanger
- Tube heat exchanger
- Plate heat exchanger
Regenerative heat exchanger market can be segmented on the basis application:
- Air Dryers
- Air handling units
- Bus and Train A/C
- Commercial ice making machine
- Heat Pumps
- Heat transfer
Regenerative heat exchanger Market: Competitive Landscape
Examples of some of the key players operating in the regenerative heat exchanger market are Kelvion Holding GmbH, Danfoss A/S, Alfa Laval AB, API Heat Transfer, Hindustan Dorr-Oliver, Gunter, Sondex A/S, SPX Corporation, LARSEN & TOUBRO and Southern Heat Exchanger.
The regenerative heat exchanger market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. Europe is expected to be a large market for regenerative heat exchanger as a majority of the regenerative heat exchanger vendors such as Kelvion Holding GmbH, Danfoss A/S and Gunter are based in the region. Increasing demand for the systems in various applications driving the adoption of regenerative heat exchanger in North American countries, such as U.S, and Canada. The growing popularity of regenerative heat exchanger in developing regions, such as APEJ, Latin America and parts of Africa, is characterized by the increasing interest of customers in purchasing economical heat exchange systems. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of regenerative heat exchanger in these regions in the near future.
The research report presents a comprehensive assessment of the regenerative heat exchanger market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The regenerative heat exchanger market report provides analysis and information, according to market segments such as geographies, application and industry.
The regenerative heat exchanger Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The regenerative heat exchanger Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS & Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East & Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The regenerative heat exchanger 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 regenerative heat exchanger report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The regenerative heat exchanger report also maps the qualitative impact of various market factors on market segments and geographies.
The regenerative heat exchanger Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Fact.MR offers custom research services that help clients to get specific research solutions