Top 10 Heat Exchanger Companies | Knows Better Condensation ... - Market.us Scoop - Market News

kitabukan.blogspot.com

Table of Contents

Heat Exchanger Market Overview

A heat exchanger is a mechanical device used in various industries to transfer heat between two fluids without direct contact. It typically consists of tubes or plates through which the fluids flow and its design varies based on the application.

Heat exchangers are vital in improving energy efficiency and maintaining consistent temperatures in heating, cooling, and condensation processes. They come in different types, such as shell and tube, plate, and finned tube heat exchangers, each suited to specific needs. Heat exchangers are essential for efficient heat transfer in various applications.

Market Drivers

The global heat exchanger market is thriving for several reasons.

• First, the focus on energy efficiency is growing, leading to increased use of heat exchangers for cost-effective heat recovery.
• Second, industrialization in emerging economies boosts demand for manufacturing and power generation.
• Third, strict environmental rules drive heat exchanger adoption to meet emission and energy conservation requirements.

Industries like automotive, chemicals, and oil and gas contribute to market growth by using heat exchangers. Design and materials advancement further enhance efficiency, making these systems more appealing to various industries.

Market Size

The global heat exchanger market is anticipated to experience a substantial growth rate of 6% between 2023 and 2032. During this period, the market’s total worth is forecasted to rise from USD 17.4 Billion in 2022 to USD 30.7 Billion by 2032.

List of Major Companies

 These are the top ten companies operating in the Heat Exchanger Market:

Company Overview

Establishment Year	1883
Headquarter	Lund, Sweden
Key Management	Tom Erixon (President and CEO)
Revenue (US$ Bn)	$ 35.8 Billion (2023)
Headcount	~ 17,883 (2021)
Website	https://www.alfalaval.com/

About Alfa Laval

Alfa Laval, a Swedish multinational founded in 1883, is a global leader in heat exchanger technology. Alfa Laval’s heat exchangers incorporate advanced technologies like corrugated plates, which enhance turbulence and improve heat transfer efficiency in plate heat exchangers.

Their Heat Exchanger division offers many efficient and reliable heat transfer solutions, serving industries worldwide. Alfa Laval’s commitment to sustainability and innovation has made it a trusted provider of heat exchangers, known for its advanced designs and global support network.

Geographical Presence

The company’s geographical reach encompasses many regions, including Europe, North America, South America, Asia-Pacific, the Middle East, and Africa. Alfa Laval’s extensive network of subsidiaries, manufacturing facilities, and service centers ensures that they can effectively serve their customers and provide support in various industries and markets across the globe.

Recent Developments

• In November 2023, Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, opened a new facility for assembling plate heat exchangers (PHE) in Jubail, Saudi Arabia.
• In August 2023, Alfa Laval AB  and Aalborg CSP A/S joined forces through a collaborative agreement. Alfa Laval has become a stakeholder in Aalborg CSP’s header-coil heat exchanger business in this partnership.

Company Overview

Establishment Year	1920
Headquarter	Neue Höfe, Germany
Key Management	Andy Blandford (CEO)
Revenue (US$ Bn)	$ 1.4 B (2022)
Headcount	~ 1,582 (2023)
Website	https://www.kelvion.com/

About Kelvion Holding

Kelvion Holding GmbH is a renowned global firm specializing in heat exchange and cooling technologies. With a heritage tracing back to 1920, Kelvion has established a strong reputation for delivering innovative solutions to improve the effectiveness of heat transfer and thermal regulation in diverse industries.

They offer shell and tube heat exchangers, plate heat exchangers, and finned tube heat exchangers, all designed to meet the specific needs of sectors such as energy, chemicals, food and beverages, HVAC, and many others. Kelvion’s commitment to sustainability and environmentally friendly solutions aligns with its emphasis on energy efficiency and compliance with environmental standards.

Geographical Presence

Kelvion Holding GmbH is headquartered in Germany and has manufacturing facilities, sales offices, and service centers across Europe, North America, Asia-Pacific, the Middle East, Africa, and South America. Kelvion also had a global network of partners and distributors.

 Recent Developments

• In September 2023, Kelvion increased its production capabilities in Sarstedt, enabling the site to manufacture an extra 150,000 heat exchangers annually. This represents a significant move towards enhancing the region’s sustainability.
• In November 2023, Kelvion introduced an innovative product finder that simplifies finding the appropriate heat exchanger for cooling and heat dissipation, requiring only a few clicks to locate the right solution.

Company Overview

Establishment Year	1933
Headquarter	Nordborg, Denmark
Key Management	Kim Fausing (CEO)
Revenue (US$ Bn)	$ 7.1 Billion (2022)
Headcount	~ 41,928 (2023)
Website	http://www.danfoss.com/

About Danfoss

Danfoss is a global leader in innovative heat exchanger solutions. With a history dating back to 1933, the company offers a wide range of efficient and reliable heat exchangers for industries like HVAC, refrigeration, and industrial processes.

Known for their energy-efficient designs, Danfoss heat exchangers are vital in optimizing heating, cooling, and heat recovery systems. Committed to sustainability, Danfoss continues to lead in developing eco-friendly heat exchanger solutions to meet industry demands.

Geographical Presence

Danfoss is a globally recognized company headquartered in Denmark. It has a vast geographical presence across Europe, North America, Asia-Pacific, the Middle East, Africa, Latin America, Russia, CIS, and a worldwide network of subsidiaries, distributors, and partners. Their operations span numerous countries, including Germany, France, the United States, China, India, Brazil, and more.

Recent Development

• In November 2023, Danfoss Power Solutions launched A+ software for autonomous off-highway equipment. It’s crafted for in-house engineering teams at original equipment manufacturers and distributors, streamlining development and cutting costs and time.
• In September 2023, Danfoss India, a prominent provider of energy-efficient solutions, inaugurated a new distribution center in Chennai, covering an area of 43,000 square feet with 4,000 pallet positions. This facility was established to bolster their growth initiatives.

Company Overview

Establishment Year	1892
Headquarter	Boston, Massachusetts, U.S.
Key Management	H. Lawrence Culp Jr. (Chairman & CEO)
Revenue (US$ Bn)	$76.5 Billion (2022)
Headcount	~ 172,000 (2022)
Website	https://www.ge.com/

About General Electric Company

General Electric Company (G.E.), founded in 1892, is a global conglomerate known for its diverse business operations, including the manufacturing of heat exchangers. G.E. offers a range of heat exchanger solutions, including shell and tube heat exchangers and air-cooled heat exchangers.

The catering to industries like petrochemical, chemical processing, and power generation. Additionally, G.E. provides maintenance and servicing for heat exchangers, emphasizing efficiency and environmental responsibility.

Geographical Presence

General Electric Company (G.E.) maintains a vast global presence, encompassing regions such as North America, where it is headquartered in Boston. It boasts an extensive network of facilities and offices across the United States. In Europe, G.E. operates in countries including the United Kingdom, France, Germany, and Italy, with a notable presence in various industries.

Across Asia, it has a strong foothold in China, India, Japan, and more, participating actively in sectors such as healthcare and energy. In Latin America, G.E. has a significant presence in countries like Brazil and Mexico, extending its operations to the Middle East, Africa, Australia, New Zealand, and other regions.

Recent Developments

• In November 2023, Tacoma Power chose GE Vernova’s Hydro Power division to refurbish two of the 27 M.W./33 MVA turbine and generator units at the Cushman II hydropower plant.
• In November 2023, GE Vernova’s Power Conversion division and Next Hydrogen Solutions Inc. partnered to integrate Next Hydrogen’s electrolysis technology into GE Vernova’s power systems, enabling the production of green hydrogen.

Company Overview

Establishment Year	2011
Headquarter	Washington, DC, U.S.
Key Management	Patrick K. Decker (President & CEO)
Revenue (US$ Bn)	$5.5 B (2022)
Headcount	~ 17,800 (2022)
Website	https://www.xylem.com/

About Xylem

Xylem Inc. is a global leader in water technology and solutions, offering heat exchanger products for wastewater treatment, industrial cooling, HVAC systems, and renewable energy applications.

Known for their efficiency and durability, Xylem’s heat exchangers contribute to optimal thermal management in diverse industries. With a commitment to sustainability, Xylem plays a vital role in promoting energy conservation and environmental responsibility through its heat exchanger solutions.

Geographical Presence

Xylem operates throughout the United States and Canada while maintaining a robust presence in numerous European countries, including the United Kingdom, Germany, France, Italy, and Spain. The company has expanded its footprint in the Asia-Pacific region, serving markets such as China, India, Japan, Australia, and Singapore.

Also, it caters to Latin American markets like Brazil, Mexico, Argentina, and Chile. Additionally, Xylem operates in the Middle East, Africa, and other global regions.

Recent Developments

• In November 2023, Xylem introduced the Flojet N-Fuser, a novel gas infusion system designed to provide on-demand and inline infusion for beverage dispensing systems.
• In September 2023, Xylem Inc. and German solar water pump manufacturer LORENTZ revealed plans to enter a distribution partnership to increase the worldwide availability of solar-powered pumping systems.

Company Overview

Establishment Year	1881
Headquarter	Düsseldorf, Germany
Key Management	Stefan Klebert (CEO)
Revenue (US$ Bn)	$ 5.4 Billion (2022)
Headcount	~ 18,000 (2022)
Website	https://www.gea.com/en/index.jsp

About GEA Group

GEA Group, established in 1881, is a global engineering conglomerate with a broad range of technologies, including heat exchangers. They offer efficient heat transfer solutions across industries, with plate heat exchangers for compact designs, shell and tube exchangers for high-pressure applications, and finned tube exchangers for various industrial processes.

GEA’s commitment to reliability and sustainability makes it a significant player in the heat exchanger industry, providing solutions for diverse applications while prioritizing energy efficiency and environmental responsibility.

Geographical Presence

Headquartered in Düsseldorf, Germany, the company operates across Europe, with offices and facilities in countries such as France, the U.K., Italy, Spain, and the Netherlands. It has a significant presence in North America, serving the United States, Canada, and Mexico.

GEA Group has also expanded into the Asia-Pacific region, with operations in China, India, Japan, Australia, and South Korea. Latin America is another key market, with offices in Brazil, Argentina, and Chile. Additionally, the company caters to the Middle East and Africa, with a presence in countries like Saudi Arabia, the UAE, and South Africa.

Recent Developments

• In November 2023, GEA unveiled its latest industrial fryer, ProFry, which boasts an innovative design catering to producing high-quality fried foods, including meat, fish, vegetables, poultry, and tempura. The system strongly emphasizes critical aspects of the production process and introduces cutting-edge technology through its patented oil circulation and conditioning system.
• In September 2023, GEA enhanced the efficiency of its milking robots for large herds by introducing a new system configuration in the DairyRobot R9500 automated milking system.

Company Overview

Establishment Year	1891
Headquarter	La Défense, France
Key Management	Luc Themelin (CEO)
Revenue (US$ Bn)	$ 1.1 Billion (2022)
Headcount	~ 6,968 (2021)
Website	https://www.mersen.us/

About Mersen

Mersen, previously known as Carbone Lorraine, is a renowned global leader in high-performance materials and solutions, encompassing heat exchanger technologies. With a history dating back to the 19th century, Mersen has a strong legacy of delivering innovative solutions across industries.

In the domain of heat exchangers, Mersen offers a diverse range of specialized solutions. These include graphite heat exchangers, particularly suitable for handling corrosive and high-temperature fluids, block heat exchangers known for their efficiency and reliability, and shell and tube heat exchangers catering to various sectors, including power generation and oil and gas.

Geographical Presence

Mersen is a globally recognized company with a widespread presence across Europe, North America, Asia-Pacific, Latin America, and emerging Middle East and African markets. In Europe, Mersen operates in countries like France, Germany, Italy, Spain, and the United Kingdom.

In North America, they have a strong presence in the United States and Canada. In the Asia-Pacific region, Mersen has facilities in China, India, Japan, South Korea, and Singapore. They also serve customers in Latin America, primarily in Brazil and Mexico.

Recent Development

• In November 2023, Mersen broadened its Amp-Trap 15.5kV E-rated bolt-in transformer fuses range to include ratings from 10E to 300E. This expansion allows the company to offer enhanced protection for more applications within the 15.5-kV voltage class.
• In July 2023, French manufacturer Mersen inaugurated a new facility in Columbia, with an initial investment of $70 million and additional plans to invest up to $30 million this year. The facility has already generated 100 jobs and intends to hire an additional 50 employees within the next year.

Company Overview

Establishment Year	1966
Headquarter	Pune, Maharashtra, India
Key Management	Meher Pudumjee (Chairperson)
Revenue (US$ Bn)	$ 600  Million (2021)
Headcount	~  7023 (2023)
Website	https://www.thermaxglobal.com/

About Thermax

Thermax, founded in 1966 and headquartered in India, is a leading global provider of heat exchangers and energy management solutions. Their comprehensive heat exchanger portfolio includes shell and tube heat exchangers used in power generation, chemicals, and plate heat exchangers for food.

The pharmaceuticals, and HVAC applications, as well as customized solutions designed to meet specific client needs. Renowned for their quality and performance efficiency, Thermax’s heat exchangers are vital in optimizing heat transfer processes across various industries.

Geographical Presence

Thermax Limited, an Indian energy and environment engineering company, has a significant global presence with operations spanning India, the Asia-Pacific region, the Middle East, Africa, Europe, the Americas, CIS countries, and Oceania.

Headquartered in Pune, India, Thermax serves various industries worldwide, offering innovative solutions for energy and environmental challenges. The company has manufacturing facilities, engineering centers, and service offices in numerous countries, including the United States, Saudi Arabia, and the United Kingdom.

Recent Developments

• In June 2023, FEPL, a subsidiary of Thermax Limited specializing in energy and environmental solutions, unveiled a cutting-edge 45.80 MW wind-solar hybrid captive power plant in Gujarat, India. This facility combines 21.50 MW of solar energy capacity with 24.3 MW of wind energy.
• In March 2023, Thermax Limited, a prominent provider of energy and environmental solutions, partnered with Australia’s Fortescue Future Industries (FFI), a green energy and technology company, through a Memorandum of Understanding (MoU) to investigate green hydrogen initiatives, including the possibility of establishing new manufacturing facilities in India.

Company Overview

Establishment Year	2015
Headquarter	Charlotte, North Carolina, U.S.
Key Management	Marc Michael (President and CEO)
Revenue (US$ Bn)	$ 1.5 Billion (2021)
Headcount	~ 4,900 (2022)
Website	https://www.spxflow.com/

About SPX Flow

SPX Flow Inc. is a global leader in heat exchangers and fluid handling solutions. Established in 2015, the company’s roots date back to the 19th century, embodying industry expertise. SPX Flow’s heat exchanger portfolio includes plate heat exchangers, prized for their efficiency and versatility, serving the food, beverage, pharmaceutical, and chemical sectors.

Additionally, they offer shell and tube heat exchangers for power generation, oil and gas, and industrial applications, known for their durability and high performance. Finned tube heat exchangers cater to air-to-fluid or gas-to-fluid heat transfer in various industrial processes. The company also excels in providing customized heat exchanger solutions tailored to specific client requirements.

Geographical Presence

The company has a significant presence in North America, including its corporate headquarters in Charlotte, North Carolina. Europe features multiple manufacturing facilities in countries like the United Kingdom, Germany, France, Italy, and the Netherlands.

The company also operates in the Asia-Pacific region with facilities in China, India, Japan, and South Korea. In Latin America, they serve customers in countries like Mexico, Brazil, and Argentina. SPX Flow extends its reach to select Middle Eastern and African countries to support industries such as energy and petrochemicals.

Recent Developments

• In November 2023, APV, a part of SPX FLOW’s process solutions, broadened its range of ATEX and IECEx Control Units (C.U.) certified for hazardous environments in zones 1 and 2. This expansion offers customers greater flexibility in selecting the most suitable solution.
• In October 2023, Johnson Pump Marine, part of SPX FLOW, launched a groundbreaking marine technology product called the Aqua Void Cartridge Bilge Pump. What sets it apart is its pioneering quick-change motor connection, an industry-first feature that significantly enhances convenience and efficiency for boaters.

Company Overview

Establishment Year	1885
Headquarter	Cork, Ireland
Key Management	George Oliver (Chairman and CEO)
Revenue (US$ Bn)	$ 25.3 Billion (2022)
Headcount	~ 102,000 (2022)
Website	https://www.johnsoncontrols.com/

About Johnson Controls

Johnson Controls International, established in 1885, is a global leader in building technologies, offering various heat exchanger solutions. Their portfolio includes air-cooled heat exchangers, suitable for HVAC systems and industrial cooling, shell and tube heat exchangers for power generation and industrial applications, and compact plate heat exchangers serving industries like food, pharmaceuticals, and HVAC.

Additionally, Johnson Controls specializes in crafting customized heat exchanger solutions to meet specific project needs.

Geographical Presence

Johnson Controls International is a multinational corporation with a significant global presence. It operates in North America, including the United States and Canada, and has a strong European presence in countries like the United Kingdom, Germany, France, Spain, and Italy.

The company also serves the Asia-Pacific region, with operations in China, India, Japan, and Australia. Johnson Controls has a presence in the UAE, South Africa, and other countries in the Middle East and Africa. Additionally, it operates in Latin American countries such as Mexico and Brazil.

Recent Developments

• In January 2023, Johnson Controls (JCI) finalized its acquisition of Hybrid Energy AS, a Norwegian firm specializing in producing and supplying high-temperature heat pumps used in district heating and industrial processes.
• In February 2022, Sabroe, a Danish OEM operating within the Johnson Controls group, unveiled the 273 S, a high-temperature ammonia heat pump that efficiently produces 95°C (203°F) heat with minimal energy usage.

Adblock test (Why?)

"exchanger" - Google News
November 30, 2023 at 06:14PM
https://ift.tt/lhpvUnA

Top 10 Heat Exchanger Companies | Knows Better Condensation ... - Market.us Scoop - Market News
"exchanger" - Google News
https://ift.tt/Tfqy4I7
https://ift.tt/HSkZy3n

Bagikan Berita Ini