Heat Exchanger Market Grows

Mountain View, CA–The U.S. market for heat exchangers will grow from $1.5 billion in 1994 to $1.7 billion by the year 2001, a Frost & Sullivan (Mountain View, CA) survey predicts.

Although shell-and-tube exchangers will decline from 35 percent of total market revenues in 1994 to 30 percent by 2001, most other varieties will rise in the same period, forecasts the report. In 1994, 21 percent of total market revenues were gained by cooling towers, 19 percent from finned tube heat exchangers, 8 percent from plate-and-frame exchangers and 6 percent from evaporative coolers. About 32 percent of market revenues were spent by end-users in the HVAC market industries, 24 percent in chemical processing, 18 percent in petroleum refining, 14 percent in the electric power industry ,and 5 percent in the food industry. Stricter environmental regulation and widespread efforts to cut energy costs are fueling heat exchanger growth, according to Frost & Sullivan.–LC