Welded Spiral Heat Exchangers Market Size Worth USD 1.8 Billion By 2025 - Million Insights

Welded Spiral Heat Exchangers Market Size
Worth USD 1.8 Billion By 2025 - Million Insights
“Rising demand for heat exchangers from industries such as petroleum, chemical, food & beverage and others
are expected to spur market growth.”
The global Welded Spiral Heat Exchanger Market size is estimated to attain USD 1.8 billion by 2025 and is projected
to grow at a CAGR of 4.0% over the forecast period 2019 to 2025, according to a new report by Million Insights. Rising
demand for heat exchangers from industries such as petroleum, chemical, food & beverage and others are expected
to spur market growth.
Various materials including nitrite aluminum, brass alloy, titanium, rubber gasket steel and others are used for
manufacturing welded spiral type heat exchangers. Key manufacturers in the industry are Danfoss and Alfa Laval. The
operational activities of these companies enable the integration of the distribution process and manufacturing.
The main advantage of using these heat exchangers is that they offer a large surface area for fluid floating across it.
These heat exchangers also offer greater thermal performance than other types. Thus, welded heat exchangers are
preferred in aggressive fluid management while channel construction.
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https://www.millioninsights.com/industry-reports/global-welded-spiral-heat-exchangers-market
HVAC and refrigeration end-use industry is projected to hold the largest market share by 2025. In 2018, it
contributed to the market revenue of USD 282.1 million. Food and beverage segment is anticipated to grow at the
highest CAGR of 5.0% over the forecast period while power generation industry is projected to register the CAGR of
over 4.2% during the forecasted period.
In Asia Pacific, rapid industrialization, growing investment in commercial, manufacturing projects across developing
countries are contributing to welded spiral heat exchangers market growth. Heat exchangers are widely used in
industries like food and beverages, power generation, and petrochemicals. There is a major switch in demand from
North America, and the European market to developing countries like India and China.

Further key findings from the report suggest:
• In 2018, Asia Pacific held the largest market share of over 37.6%, and is projected to grow at a CAGR of over 5.2%
from 2019 to 2025.
• In 2018, European market held the second-highest revenue share of USD 397.1 million in the overall market, due
to growing automobile & construction sector.
• Central and South America is projected to grow at the fastest CAGR of 6.3% during the forecasted period.
• Key manufacturers include Danfoss, Nexson Group, Alfa Laval, Elanco Inc., and Smartheat Inc.
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Million Insights has segmented the global welded spiral heat exchanger market based on end use and region:
Welded Spiral Heat Exchangers End Use Outlook (Revenue, USD Billion, 2014 - 2025)
• Chemical
• Food & Beverages
• HVAC & Refrigeration
• Petrochemicals
• Power Generation
• Pulp & Paper
• Others
Welded Spiral Heat Exchangers Regional Outlook (Revenue, USD Billion, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany

• France
• Italy
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Brazil
• Middle East and Africa
• UAE
See More Reports of This Category by Million Insights @
https://www.millioninsights.com/industry/machinery-and-machine-parts

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Research Support Specialist, USA
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