Global Heat Exchangers Industry

New York, Nov. 19, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Heat Exchangers Industry” – https://www.reportlinker.com/p098251/?utm_source=GNW
5% in the year 2020 and thereafter recover and grow to reach US$23.2 billion by the year 2027, trailing a post COVID-19 CAGR of 4.1% over the analysis period 2020 through 2027. Global economic activity is slumping with GDP growth forecast to dip as low as -4.9% in the year 2020. The manufacturing industry, which is the largest end-user of heat exchangers, is the worst affected given its complex supply chains, labor intensive processes, and interdependencies. Division of labor, modular manufacturing strategies, outsourcing to reduce costs and increase the efficiency, consistency, and quality of each operations, have made the manufacturing sector most vulnerable amid the lockdown restrictions. An indication of the grim state of affairs is the fact that global manufacturing PMI is already declining and will fall to an estimated all-time low in 2020 as compared to the 53.8 in 2019. With roots in China, the world’s supply chains are facing unprecedented disruption and shutdown. Interwoven with a demand crisis, the supply chain shocks are exerting a compounded blow to manufacturing companies worldwide. A combination of all the aforementioned macro-economic issues alongside more specific factors such as suspension of the transportation and changes in demand patterns have dealt a debilitating blow to the manufacturing industry.
Air Products and Chemicals, Inc.Alfa Laval ABAPI Heat TransferBalcke-Dürr GmbHBarriquand Technologies ThermiquesDanfossDoosan CorporationEnerquip, Inc.FUNKE WÄRMEAUSTAUSCHER APPARATEBAU GMBGuntner U.S. LLCHarsco Industrial Air-X-ChangersHisaka Works, LtdHRS Heat Exchangers LtdJohnson ControlsKelvionKoch Heat Transfer CompanyMcDermottMersenSmartHeat Inc.SPX Cooling Technologies, Inc.SPX FLOW, Inc.SWEP International ABTranter Inc.Vahterus OyXylem Inc.Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001


(GlobeNewsWire)

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