Regenerative Heat Exchangers Market Trends, Growth, Future ... - Digital Journal

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Published August 18, 2023

The forecast period anticipates a single-digit growth rate of 6.3% for the Regenerative Heat Exchanger Market.In recent years, the demand for high-temperature applications has increased, resulting in a higher need for systems capable of operating at elevated temperatures. This growing demand for waste heat recovery has led to widespread adoption of regenerative heat exchangers. These systems facilitate efficient heat transfer by allowing fluids to pass over storage materials alternately. Regenerative heat exchangers find extensive use in enhancing the energy efficiency of high-temperature processes, particularly in industries such as glass and steel production where they boost the efficiency of open hearth furnaces. Gas heat exchange applications also benefit greatly from regenerative heat exchangers.

In the regenerative heat exchanger market, vendors are concentrating on designing and manufacturing systems that offer enhanced performance, rigid design, and high reliability. They are also striving to make the systems more cost-effective. Increased investment and research and development activities are key trends in the regenerative heat exchanger market.

Regenerative heat exchanger Market: Drivers and Restraints
The wide surface area of regenerative heat exchangers for a given volume and their ability to provide higher energy density with less exchange volume make them more resource-efficient and economical. Additionally, their inlet and outlet headers have a simple design. These factors drive the adoption of regenerative heat exchangers. Furthermore, regenerative heat exchangers possess self-cleaning surfaces, reducing fluid-side fouling and corrosion. They also have low heat transfer coefficients for gases and small surface density. These attributes further contribute to their adoption in the market.

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Regenerative heat exchanger Market: Competitive Landscape
Key players in the regenerative heat exchanger market include 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.

Regional Overview:
The regenerative heat exchanger market is segmented across various regions including North America, Latin America, Western Europe, Eastern Europe, China, SEA (Southeast Asia), APAC (Asia-Pacific) excluding China and SEA, Japan, and the Middle East & Africa. Europe is expected to emerge as a significant market for regenerative heat exchangers due to the presence of major vendors such as Kelvion Holding GmbH, Danfoss A/S, and Gunter in the region. The demand for regenerative heat exchangers in North American countries like the U.S. and Canada is driven by the increasing adoption in various applications. 

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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
• Others

Regenerative heat exchanger market can be segmented on the basis application:
• Air Dryers
• Air handling units
• Bus and Train A/C
• Chillers
• Commercial ice making machine
• Heat Pumps
• Heat transfer
• Others
 
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