HOME Research Insight Alfa Laval AB (Sweden) and Danfoss A/S (Denmark) are the Most Active Market Players in the Heat Exchanger Market

Alfa Laval AB (Sweden) and Danfoss A/S (Denmark) are the Most Active Market Players in the Heat Exchanger Market

Heat exchangers are the most common equipment which are used to transfer the thermal energy between two phases such as between two or more fluids and between solid surface and fluids in any process industry. Heat exchangers find widespread applications in power generation, chemical processing, oil and gas, food & beverages, pulp & paper, electronics cooling, HVAC (heating, ventilation and air-conditioning) systems, refrigeration, automotive applications, and others.

Increasing government regulations, technological advances, and the demand for efficient use of energy have led various end-use industries to focus on energy saving, thus leading to an increase in the demand for heat exchangers. These aspects have encouraged companies to adopt strategies, such as new product launches, expansions, and agreements & contracts. Some of these major players are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), and SPX Corporation (US).

New product launches, expansions, and agreements & contracts were the key strategies adopted by the industry players to achieve growth in the heat exchanger market between 2012 and 2015. Besides new product launches and expansions, the companies have adopted joint ventures and acquisitions to expand their market share and distribution network. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the heat exchanger market from 2012 to 2016.

Most active market players in the heat exchanger market

Alfa Laval AB (Sweden) develops and manufactures finned coil heat exchangers, finned tube air heat exchangers, plate heat exchangers, tubular heat exchangers, and others. It manufactures and supplies heat exchangers through its equipment business segment. The company follows strategies including new product development to increase its global market share. The company is launching numerous products to increase its product portfolio and provide improved services to its end users. It is focusing immensely on research & development to launch new products and services. The company maintains a strong brand image in the heat exchangers market, as it provides high-quality products.

Danfoss A/S (Denmark) is one of the largest innovation-driven companies and focused on innovation and development of new technologies and products. For instance, in 2017, the company launched the next generation chillers and HVAC units that are designed to meet higher energy performance and support the building regulations and standards.

It is expanding its geographical presence by adopting strategies such as acquisitions, expansions, and new product launches. For instance, in 2016, Danfoss A/S acquired Sondex Holding A/S, a global company headquartered in Denmark. This strategy helped the company improve their product offering in heat transfer.   Danfoss A/S (Denmark) launched numerous products for heat exchange solutions in the past few years. The Danfoss Climate & Energy segment played a leading role in R&D, production, sales and service of mechanical and electronic products and solutions sold on the global market for cooling and air conditioning, comfort and heating, control of electric motors, and a number of industries in which energy efficiency is important. In 2015, Danfoss (Denmark) and DAF Energy (Turkey) announced the signing of an agreement for Danfoss (Denmark) to acquire DAF Energy (Tukey). Both the companies are key players in the flat station business, and combining the two will help Danfoss strengthen its core heating business in Turkey.

Apart from the above-mentioned market players, Kelvion Holdings Gmbh (Germany), SPX Corporation (US), Xylem Inc. (US), API Heat Transfer Inc. (US), Gunter AG & Co. KG (Germany), Hamon & Cie International SA (Belgium), Hindustan Dorr-Oliver Limited (India), Hisaka Works Limited (Japan), HRS Heat Exchangers (India), Modine Manufacturing Company (US), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark) are the other players in the heat exchangers market.

Related Reports:

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Paper & pulp), and Region - Global Forecast to 2022

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