Sanitary Gasketed Plate Heat Exchangers Market by Application, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023 Pages: 154 SKU: IRTNTR74887

The sanitary gasketed plate heat exchangers market is estimated to grow at a CAGR of 5.97% between 2022 and 2027. The size of the market is forecast to increase by USD 772.25 million. The growth of the market depends on several factors, including the rising demand from the water and wastewater industry, the rising demand for sanitary GPHE from end-users, and the advantages of sanitary GPHEs.

This report extensively covers market segmentation by application (food and beverage, dairy, biotech and pharmaceutical, home and personal care, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Sanitary Gasketed Plate Heat Exchangers Market During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global sanitary gasketed plate heat exchangers market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Sanitary Gasketed Plate Heat Exchangers Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising demand from the water and wastewater industry is notably driving the market growth, although factors such as the volatility in raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Sanitary Gasketed Plate Heat Exchangers Market Driver

The rising demand from the water and wastewater industry is the key factor driving the global sanitary gasketed plate heat exchangers market growth. Sanitary GPHE optimizes water temperature and increases the energy efficiency of water treatment plants. Anaerobic digestion processes for the biological stabilization of municipal sewage sludge are widely used in most sewage treatment plants. As energy costs continue to rise, new wastewater treatment plants are installing sanitary panels and spiral GPHEs to reduce energy consumption and improve operational efficiency.

Water is a critical element for manufacturing industries, such as pharmaceuticals, food and beverage, and paper and pulp. The expanding production activities in these end-user industries must comply with the stringent environmental regulations and water conservation norms framed by governing agencies. New water treatment facilities will be established to meet the rising demand for water, especially in developing economies, thereby creating significant demand for sanitary GPHEs and driving the growth potential of the global sanitary GPHE market during the forecast period

Significant Sanitary Gasketed Plate Heat Exchangers Market Trend

Growth in aftermarket sales is the primary trend in the global sanitary gasketed plate heat exchangers market growth. Gaskets have a short lifespan, which varies based on the application. They need to be replaced regularly to comply with federal or local emission regulations and to maintain process efficiency by eliminating leakages. The replacement or upgrade of gaskets contributes significantly to the growth of the global sanitary GPHE market. Gaskets are a critical component in pumps, compressors, and agitators, among others. The high pressure or high temperature of fluids, which causes even a small leak or minuscule damage, necessitates the replacement of the gasket.

A major share of the global sanitary GPHE market is based on aftermarket sales. The majority of mechanical seal replacements are like-for-like, which means that end-users that use cartridge seals will continue only to use cartridge seals. As most of these seals have a short lifespan and need frequent replacement, vendors are also focusing more on aftermarket sales. Such growth in aftermarket sales is expected to drive the growth of the global sanitary GPHE market during the forecast period.

Major Sanitary Gasketed Plate Heat Exchangers Market Challenge

Volatility in raw material prices is a major challenge to the global sanitary gasketed plate heat exchangers market growth. Furthermore, the fluctuations in the prices of raw materials for the production of sanitary GPHE are expected to hamper the market growth. Some of the raw materials required for manufacturing sanitary GPHE include stainless steel, aluminum, titanium, copper, silicone, PTFE, thermoplastic polyurethane (TPU), fluorocarbon elastomer, natural rubber, and graphite. The increase in the prices of these raw materials is expected to increase the cost of production and result in a subsequent decline in the profit margins of market vendors.

Additionally, the cost of energy consumed in the production of sanitary GPHE, along with that of transportation and secondary materials, is also increasing. The price is expected to witness a 20% increment due to the rise in energy and labor costs. Hence, such factors are expected to hinder the growth of the global sanitary GPHE market during the forecast period.

Key Sanitary Gasketed Plate Heat Exchangers Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Sanitary Gasketed Plate Heat Exchangers Market Customer Landscape

Who are the Major Sanitary Gasketed Plate Heat Exchangers Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

alfalaval.com - The company offers sanitary gasketed plate heat exchangers such as H4 and H8 for the food and beverage industry.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • API Heat Transfer Inc.
  • Danfoss AS
  • Delta T Heat Exchangers
  • Hisaka Works Ltd.
  • HRS Process Systems Ltd.
  • KAORI HEAT TREATMENT Co. Ltd.
  • Kelvion Holding GmbH
  • onda SPA
  • Paul Mueller Co. Inc.
  • Process Engineers and Associates
  • Southwest Thermal Technology Inc.
  • SPX FLOW Inc.
  • Techtrans Engineers
  • Tranter
  • Varalka Engineers Pvt. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Sanitary Gasketed Plate Heat Exchangers Market?

The market share growth by the food and beverage segment will be significant during the forecast period. The food and beverage industry requires optimized sanitary GPHE to ensure reliable production processes, energy efficiency, and hassle-free cleaning procedures. All these factors enable vendors in the industry to deliver safe yet competitive products. Such factors will increase the market growth during the forecast period.

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The food and beverage segment was valued at USD 825.59 million in 2017 and continue to grow by 2021. Major applications of sanitary GPHE in the food and beverage industry, such as general heating, general cooling, energy-efficient evaporation and condensation, thermal solution for sterilization, aroma recovery, pasteurization, and de-aeration. The rising demand for processed food due to the improvements in economic conditions in developed economies will result in the expansion of the food and beverage industry, thereby raising the market potential for sanitary GPHE in the industry during the forecast period.

Which are the Key Regions for the Sanitary Gasketed Plate Heat Exchangers Market?

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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the highest contributor to the global sanitary GPHE market. The market in the region is expected to exhibit the same high growth rate during the forecast period. The food and beverage industry has been growing rapidly in APAC because the region is home to the two most populous countries in the world, namely China and India, resulting in high demand for food. The unorganized sector largely dominates the food and beverage industry in APAC. 

Industrial activities in this region were severely affected in 2020 as the COVID-19 pandemic increased concerns for all governments across the region. However, as the pandemic witnessed containment, the recovery of industrial sectors picked up pace in 2021. Capital spending is expected to grow, which is expected to drive the market toward recovery during the forecast period. In APAC, the growing demand for food and beverages and other industrial goods is anticipated to revive the growth of the regional sanitary GPHE market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Food and beverage, Dairy, Biotech and pharmaceutical, Home and personal care, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Application Outlook (USD Million, 2017 - 2027)
    • Food and beverage
    • Dairy
    • Biotech and pharmaceutical
    • Home and personal care
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Sanitary Gasketed Plate Heat Exchangers Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.97%

Market growth 2023-2027

USD 772.25 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.14

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, Canada, China, India, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alfa Laval Corporate AB, API Heat Transfer Inc., Danfoss AS, Delta T Heat Exchangers, Hisaka Works Ltd., HRS Process Systems Ltd., KAORI HEAT TREATMENT Co. Ltd., Kelvion Holding GmbH, onda SPA, Paul Mueller Co. Inc., Process Engineers and Associates, Southwest Thermal Technology Inc., SPX FLOW Inc., Techtrans Engineers, Tranter, Varalka Engineers Pvt. Ltd., Ved Engineering, Wenzhou Ace Machinery Co. Ltd., Wuxi Bes Heat Exchangers Co. Ltd., and Xylem Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Sanitary Gasketed Plate Heat Exchangers Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the sanitary gasketed plate heat exchangers market between 2023 and 2027
  • Precise estimation of the sanitary gasketed plate heat exchangers market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of sanitary gasketed plate heat exchangers market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 13: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global sanitary gasketed plate heat exchangers market 2017 - 2021
      • Exhibit 17: Historic Market Size – Data Table on Global sanitary gasketed plate heat exchangers market 2017 - 2021 ($ million)
    • 4.2 Applicaton Segment Analysis 2017 - 2021
      • Exhibit 18: Historic Market Size – Applicaton Segment 2017 - 2021 ($ million)
    • 4.3 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.4 Country Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 21: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 27: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 28: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 29: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 30: Chart on Comparison by Application
      • Exhibit 31: Data Table on Comparison by Application
    • 6.3 Food and beverage - Market size and forecast 2022-2027
      • Exhibit 32: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 33: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 35: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)
    • 6.4 Dairy - Market size and forecast 2022-2027
      • Exhibit 36: Chart on Dairy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 37: Data Table on Dairy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Chart on Dairy - Year-over-year growth 2022-2027 (%)
      • Exhibit 39: Data Table on Dairy - Year-over-year growth 2022-2027 (%)
    • 6.5 Biotech and pharmaceutical - Market size and forecast 2022-2027
      • Exhibit 40: Chart on Biotech and pharmaceutical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 41: Data Table on Biotech and pharmaceutical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 42: Chart on Biotech and pharmaceutical - Year-over-year growth 2022-2027 (%)
      • Exhibit 43: Data Table on Biotech and pharmaceutical - Year-over-year growth 2022-2027 (%)
    • 6.6 Home and personal care - Market size and forecast 2022-2027
      • Exhibit 44: Chart on Home and personal care - Market size and forecast 2022-2027 ($ million)
      • Exhibit 45: Data Table on Home and personal care - Market size and forecast 2022-2027 ($ million)
      • Exhibit 46: Chart on Home and personal care - Year-over-year growth 2022-2027 (%)
      • Exhibit 47: Data Table on Home and personal care - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 52: Market opportunity by Application ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 54: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 55: Data Table on Market share by geography 2022-2027 (%)
    • 8.2 Geographic comparison
      • Exhibit 56: Chart on Geographic comparison
      • Exhibit 57: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2022-2027
      • Exhibit 58: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 8.4 North America - Market size and forecast 2022-2027
      • Exhibit 62: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 8.5 Europe - Market size and forecast 2022-2027
      • Exhibit 66: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 69: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 8.6 South America - Market size and forecast 2022-2027
      • Exhibit 70: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 74: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 77: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 8.8 China - Market size and forecast 2022-2027
      • Exhibit 78: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 8.9 US - Market size and forecast 2022-2027
      • Exhibit 82: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 85: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 8.10 India - Market size and forecast 2022-2027
      • Exhibit 86: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 8.11 Canada - Market size and forecast 2022-2027
      • Exhibit 90: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 93: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 8.12 Germany - Market size and forecast 2022-2027
      • Exhibit 94: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 97: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 98: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 99: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 100: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 101: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 102: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 103: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 104: Matrix on vendor position and classification
            • 11.3 Alfa Laval Corporate AB
              • Exhibit 105: Alfa Laval Corporate AB - Overview
              • Exhibit 106: Alfa Laval Corporate AB - Business segments
              • Exhibit 107: Alfa Laval Corporate AB - Key news
              • Exhibit 108: Alfa Laval Corporate AB - Key offerings
              • Exhibit 109: Alfa Laval Corporate AB - Segment focus
            • 11.4 API Heat Transfer Inc.
              • Exhibit 110: API Heat Transfer Inc. - Overview
              • Exhibit 111: API Heat Transfer Inc. - Product / Service
              • Exhibit 112: API Heat Transfer Inc. - Key offerings
            • 11.5 Danfoss AS
              • Exhibit 113: Danfoss AS - Overview
              • Exhibit 114: Danfoss AS - Business segments
              • Exhibit 115: Danfoss AS - Key news
              • Exhibit 116: Danfoss AS - Key offerings
              • Exhibit 117: Danfoss AS - Segment focus
            • 11.6 Delta T Heat Exchangers
              • Exhibit 118: Delta T Heat Exchangers - Overview
              • Exhibit 119: Delta T Heat Exchangers - Product / Service
              • Exhibit 120: Delta T Heat Exchangers - Key offerings
            • 11.7 Hisaka Works Ltd.
              • Exhibit 121: Hisaka Works Ltd. - Overview
              • Exhibit 122: Hisaka Works Ltd. - Product / Service
              • Exhibit 123: Hisaka Works Ltd. - Key offerings
            • 11.8 Kelvion Holding GmbH
              • Exhibit 124: Kelvion Holding GmbH - Overview
              • Exhibit 125: Kelvion Holding GmbH - Product / Service
              • Exhibit 126: Kelvion Holding GmbH - Key offerings
            • 11.9 Paul Mueller Co. Inc.
              • Exhibit 127: Paul Mueller Co. Inc. - Overview
              • Exhibit 128: Paul Mueller Co. Inc. - Business segments
              • Exhibit 129: Paul Mueller Co. Inc. - Key offerings
              • Exhibit 130: Paul Mueller Co. Inc. - Segment focus
            • 11.10 Southwest Thermal Technology Inc.
              • Exhibit 131: Southwest Thermal Technology Inc. - Overview
              • Exhibit 132: Southwest Thermal Technology Inc. - Product / Service
              • Exhibit 133: Southwest Thermal Technology Inc. - Key offerings
            • 11.11 SPX FLOW Inc.
              • Exhibit 134: SPX FLOW Inc. - Overview
              • Exhibit 135: SPX FLOW Inc. - Business segments
              • Exhibit 136: SPX FLOW Inc. - Key offerings
              • Exhibit 137: SPX FLOW Inc. - Segment focus
            • 11.12 Techtrans Engineers
              • Exhibit 138: Techtrans Engineers - Overview
              • Exhibit 139: Techtrans Engineers - Product / Service
              • Exhibit 140: Techtrans Engineers - Key offerings
            • 11.13 Tranter
              • Exhibit 141: Tranter - Overview
              • Exhibit 142: Tranter - Product / Service
              • Exhibit 143: Tranter - Key offerings
            • 11.14 Varalka Engineers Pvt. Ltd.
              • Exhibit 144: Varalka Engineers Pvt. Ltd. - Overview
              • Exhibit 145: Varalka Engineers Pvt. Ltd. - Product / Service
              • Exhibit 146: Varalka Engineers Pvt. Ltd. - Key offerings
            • 11.15 Wenzhou Ace Machinery Co. Ltd.
              • Exhibit 147: Wenzhou Ace Machinery Co. Ltd. - Overview
              • Exhibit 148: Wenzhou Ace Machinery Co. Ltd. - Product / Service
              • Exhibit 149: Wenzhou Ace Machinery Co. Ltd. - Key offerings
            • 11.16 Wuxi Bes Heat Exchangers Co. Ltd.
              • Exhibit 150: Wuxi Bes Heat Exchangers Co. Ltd. - Overview
              • Exhibit 151: Wuxi Bes Heat Exchangers Co. Ltd. - Product / Service
              • Exhibit 152: Wuxi Bes Heat Exchangers Co. Ltd. - Key offerings
            • 11.17 Xylem Inc.
              • Exhibit 153: Xylem Inc. - Overview
              • Exhibit 154: Xylem Inc. - Business segments
              • Exhibit 155: Xylem Inc. - Key offerings
              • Exhibit 156: Xylem Inc. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 157: Inclusions checklist
                • Exhibit 158: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 159: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 160: Research methodology
                • Exhibit 161: Validation techniques employed for market sizing
                • Exhibit 162: Information sources
              • 12.5 List of abbreviations
                • Exhibit 163: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Key Questions Answered

                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

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