Marine Power Heat Exchanger Market Extensive Growth Opportunities to Be Witnessed by 2018-2028(2)
22 Aug 2019
Marine Power Heat Exchanger Market: Regional Outlook
Globally there are over 50,000 merchant ships for trading, transporting a wide range of cargo and the marine power heat exchangers are installed. The titanium based marine power heat exchangers are commonly deployed in ships, vessels, etc. but research and development are structured by leading manufacturers to enhance the efficiency and reduce corrosion. The key manufacturers of marine power heat exchangers are based in Europe and North America, and their strategy to have a strong presence in the South East Asian countries will attract new projects and opportunities for mergers and acquisitions or collaborations.
The manufacturers are offering protective coating solutions to inhibit erosion, corrosion, and calcification thereby increasing the lifecycle of the marine power heat exchangers. Further growth in investments by developing economies in the shipping industry and growing vessel and fleet operations will drive the marine power heat exchangers market. The investment and new shipping and logistics projects in developing economies such as India, China, Brazil, etc. are estimated to supplement the growth of the global marine power heat exchangers market during the forecast period.
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