European heat exchanger manufacturers, backed by large corporations, are posing a threat to their competitors in the United States.

This threat, backed by lucrative overseas demand and strengthening European companies, should change the way American companies plan for the future.

New strategic market research from Frost & Sullivan (www.frost.com), "United States Heat Exchanger Market," shows this industry generated revenues of nearly $2 billion in 1999 and is projected to generate nearly $2.5 billion by 2006. This research is a comprehensive market analysis on the current state of the industry and future domestic and international trends. The information provided would be beneficial to companies trying to achieve success in this changing market.

"The industry will grow by almost half a billion dollars in the next six years, but not every sector will experience the success of the market. Some market segments are expected to exhibit stronger rates of growth than others," says Frost & Sullivan analyst Rakesh Suri.

The use of heat exchangers has held steady in the United States over the past few years. Several industries avidly use heat exchangers in processes, such as cooling and distilling, to conserve energy during their everyday work.

The average U.S. company is primarily small- to medium-sized and domestically owned. Foreign heat exchanger manufacturers are getting more and more financial help from the large corporations that own them. This, coupled with increased overseas demand, is forcing the U.S. market into a crucial period and the increasing competition will make success even harder to attain. Factors such as durability, technological advances and efficiency will be more important than ever.

The U.S. heat exchanger market relies heavily on foreign countries for revenue. Domestic companies should be ready to stay competitive against larger foreign counterparts. More importantly, they should be ready to serve domestic end users and prepare for any future changes in the U.S. market.

"Growth in the mature United States heat exchanger market is dependent upon developments in its end user market, whereas in developing countries, especially larger ones such as China, India and oil producing countries, growth is due to the development of its industries," added Suri.

Several countries are in a state of intense growth, while the U.S. market remains relatively unchanged. This Frost & Sullivan strategic analysis can provide your company with comprehensive insight into the U.S. Heat Exchangers market.

Frost & Sullivan presents the 2000 Marketing Engineering Awards to companies that have worked hard to make a positive contribution to the U.S. heat exchanger industry. The Technology Leadership Award is presented to Alfa Laval Thermal Incorporated. The Merger & Acquisition Strategy Award goes to Honeywell Power and Transportation Systems. The Market Penetration Award is given to Modine Manufacturing Company. The Business Development Strategy Award was received by ITT Industries Incorporated. Baltimore Aircoil Company Incorporated is presented the Market Engineering Leadership Award. The Customer Service Leadership Award is given to The Burger Cooling Tower Company Incorporated. Tranter Incorporated earned the Competitive Strategy Award.

Frost & Sullivan, which is headquartered in San Jose, Calif., is a global leader in international strategic market consulting and training. Frost & Sullivan's industry experts monitor the ground transportation industry for market trends, market measurements and strategies. This ongoing research is used to complement the Mechanical Power Transmission Custom Subscription, which includes studies on the U.S. Industrial Belts Drive Components Market and the U.S. Chain Drive Components Market. Executive summaries and interviews are available to the press.

Along with publishing in-depth strategic market consulting research, Frost & Sullivan also provides custom consulting needs to a variety of national and international companies.