Nowadays, growth in aircraft has increased substantially as the airlines in the developed countries are ordering increased number of aircraft to meet the continuously growing air travel demand. Due to the growing demand for several aircraft, the demand for its numerous systems and equipment such as heat exchanger has also increased. The two most commonly used heat exchanger widely used in the aviation sector is flat tube and plate-fin. Both play an essential role in aviation application. However, plate-fin heat exchangers are widely used in the aviation sector due to its compactness, low weight, and high effectiveness. These exchangers are extensively used around the globe for several decades. The growth in demand for plate-fin heat exchangers is positively influencing the aircraft heat exchanger industry.
Heat exchangers are crucial in thermal science and engineering because of their essential role across the landscape of technology, from geothermal and fossil power generation to refrigeration, desalination, and air conditioning. In the aviation engineering, they have a fundamental role especially in reducing the temperatures of the fuel and thus increasing the efficiency of the aircraft engines. The literature on aviation heat exchangers is voluminous and continues to be updated today. Two main aspects of this class of flow systems are widely investigated: fluid flow and heat transfer performances, and criteria for evaluating those performances. In addition, the need of a smart and light equipment to be used inside a transport system is ever and ever felt. This requires a particular attention in the selection of components, for example in the engine zone, not only to reduce the weight but also to improve the whole heat transfer efficiency. With this aim, engineers focus their attention on new materials, for example porous materials, that recently have attracted researchers.
The demand for heat exchangers in the aircraft industry has increased in the global market. Many major companies which design and manufactures aircraft heat exchangers have the opportunity to expand its business in developing countries such as Mexico, Thailand, Malaysia, and others. The reason to expand in such countries is low labor cost and highly skilled labors. For instance, the earnings of workers in Mexico are one of the most cost-effective aspects of manufacturing operations to Mexico, which generates opportunities for the manufacturers of a highly developed country to expand its manufacturing plant. Several developed countries around the world are focusing on expanding its aircraft components manufacturing operation in the developing countries. The above-mentioned factor offers prosperous opportunities to the Aircraft heat exchanger market.
The players operating in the aircraft heat exchanger market are highly focused establishing long-term relationship with the aircraft manufacturers. Few of the recent developments are listed below:
2019: TAT Technologies Group signed an agreement with a leading European system manufacturer for the aerospace industry for supplying heat exchangers. The predictable revenues from this agreement are US$ 20 Mn for the years 2019-2023. Under this agreement, the company would be the heat exchanger provider for specific products.
2018: Liebherr Group’s aerospace domain expands its presence in China. The company is growing and strengthens its support to Commercial Aircraft Corporation of China and the customers of aircraft manufacturers in China.
2017: ATR Aircraft, an aircraft manufacturer, based in France has selected Liebherr Group to develop, manufacture and supply an air management system for the ATR 42 and the ATR 72 aircraft agendas. The system would be produced by Liebherr-Aerospace Toulouse SAS, part of Liebherr Group.
Source: The insight Partners