Heat Exchangers Energy Awareness Drives Heat Exchanger Market
A growing energy awareness drives the global heat exchanger market. New design features and materials promise higher efficiencies, but raw material scarcity clouds the outlook.
Mountain View, California/USA – A growing awareness for energy efficiency drives the market for heat exchangers, says a recent study by Frost & Sullivan. Although no significant developments have taken place in the field of heat exchangers, various small improvements keep the sector alive and thriving: properties such as material or working fluid selection, design and distribution have been improved gradually. As the study puts it, such incremental changes have intensified the spotlight on energy efficiency and energy conservation. Also the growing awareness for the energy scarcity generated much interest in the efficiency of process components.
High Demand For Heat Exchangers in Growing Industries
“Heat exchangers are predominantly used by various industries such as chemical, petrochemical, and oil and gas; food and beverage; HVAC and refrigeration; power generation; marine; and mining, and so on,” said Technical Insights Senior Research Analyst Avinash Iyer. “High demand in these industries has created a proportionate increase in demand for heat exchangers.”
New Materials Can Boost Heat Exchanger Efficiency
Especially new materials are regarded as a promising way to increase a heat exchangers efficiency: Replacing a units aluminium tubes with copper for instance, could help reduce the overall cost of the heat exchanger without significantly affecting its thermodynamic performance. Also stand-alone polymer substrates and polymer-coated metal substrates subjected to drop-wise condensation could be used in many heat transfer applications such as compact polymer heat exchangers, contact lenses and thermal enclosures for horticulture applications for enhanced heat transfer, the study says.