Welded Spiral Heat Exchangers Market Size, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Welded Spiral Heat Exchangers Market


The global Welded Spiral Heat Exchangers market size is projected to reach US$ 1.92 billion by 2026, from US$ 1.51 billion in 2020, at a CAGR of 4% during 2021-2026. The market is expected to be driven by the growing demand for the product in petrochemicals, HVAC & refrigeration, food & beverages, and chemical industries, especially in the emerging economies of Asia Pacific and CSA.

Welded spiral heat exchangers are made by rolling two metal sheets around the central rod, thus forming two separate concentric channels. The end of the channel is sealed by welding. This provides an advantage to welded spiral heat exchangers over conventional heat exchangers as fluids are exposed to a much larger surface area. They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Welded spiral heat exchangers are widely used in industries such as chemicals, food & beverages, HVAC & refrigeration, petrochemical, power generation, and pulp & paper. In addition, rising demand from the chemical industry, technological innovation, and increasing focus on improving efficiency standards are further expected to drive the growth of the market over the forecast period.

The U.S. market witnessed considerable growth on account of growing adoption of welded spiral heat exchangers in chemical, petrochemical, food & beverages, and pulp & paper industries. Growing chemical industry in the region is anticipated to lead to increased product demand over the forecast period. Increasing refinery capacities and the establishment of new chemical plants in the country are further expected to drive the growth of the market over the forecast period.

Major players are focusing more on the economies of scope than on the economies of scale as welded spiral heat exchangers can be used for multiple applications across various end-use industries. Therefore, new product developments and extensive marketing activities play a significant role in aiding market players gain a competitive edge.

Market Segmentation, Outlook & Viewpoint: Global Welded Spiral Heat Exchangers Market

End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Chemical
  
Food & Beverages
  
HVAC & Refrigeration
  
Petrochemicals
  
Power Generation
  
Pulp & Paper
  
Others

Key Players, Recent Developments & Regional Insights: Global Welded Spiral Heat Exchangers Market

Based on end use, welded spiral heat exchangers market has been segmented into chemical, food & beverages, HVAC & refrigeration, petrochemicals, power generation, pulp & paper, and others. Food & beverages end-use segment is likely to be the fastest-growing segment and is expected to ascend at a CAGR of 5.0% over the forecast period. Welded spiral heat exchangers offer self-cleaning features owing to their single-channel design. This contributes to handling high viscosity media, especially in the food & beverages and pulp & paper industries.

HVAC & refrigeration end-use segment dominated the market in 2018 and held a share of 20.2% in the overall market. These heat exchangers offer high thermal efficiency as compared to shell & tube heat exchangers. Moreover, they have a small footprint and are easy to access during maintenance and cleaning. Such benefits offered by welded spiral type of heat exchangers are expected to drive their demand over the forecast period.

Fertilizers, inorganic chemicals, and basic chemicals are the major products in chemical industry. Chemical reactions often lead to the deposition of undesired material on the surface of heat exchangers, resulting in an opportunity cost involved in the cleaning process. Welded spiral heat exchangers are a solution to this problem. Their single-channel design leads to high shear rates, thus contributing to the self-cleaning effect.

Regional Insights

Asia Pacific accounted for 37.6% of the overall market in 2018. It is expected to be the largest regional market and expected to witness a significant growth rate of 5.2% from 2019 to 2025. Surging demand for petrochemical derivatives in various end-use industries such as plastics and packaging is expected to drive the chemical industry, which, in turn, is projected to drive the market in the region over the forecast period.

Europe accounted for 28.4% of the overall market share in 2018. It is expected to be the second-largest regional market over the forecast period owing to the rising construction and automobile industries.Increasing use of welded plate heat exchangers in refineries and chemical industries owing to strict government regulations is expected to drive the market over the forecast period

CSA and the MEA are expected to exhibit a growth rate of 6.3% and 2.9%, respectively, over the forecast period. Increasing requirement for heat recovery applications in chemical, HVAC, and food & beverages sectors is expected to drive the demand for welded spiral heat exchangers over the forecast period.
Welded Spiral Heat Exchangers Market Share Insights

The market comprises both global as well as regional players that are engaged in the designing, manufacturing, and distribution of welded spiral heat exchangers. Key players involved in the manufacturing of welded spiral heat exchangers include Alfa Laval AB and Danfoss A/S among others. Other notable players in the market include Gooch Thermal Systems, Inc.; Nexson Group; Elanco, Inc.; Kurose Chemical Equipment Co., Ltd.; Shanghai Shenglin M&E Technology Co., Ltd.; and SmartHeat Inc.

Overall, the market is highly competitive and dependent on technological advancements and product developments. Market players strive to achieve application development to gain a competitive advantage over their competitors. Presence of local players in Asia Pacific poses a significant threat to the large multinational companies in terms of product quality and prices offered to the customers.

Key Insights Covered: Global Welded Spiral Heat Exchangers Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Welded Spiral Heat Exchangers industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Welded Spiral Heat Exchangers industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Welded Spiral Heat Exchangers industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Welded Spiral Heat Exchangers industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Welded Spiral Heat Exchangers industry.

Research Methodology: Global Welded Spiral Heat Exchangers Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other