Heat Exchanger Market to Reach US$ 23.4 Billion by 2027 | CAGR 6%

heat exchanger market

Market Overview:

According to the latest report by IMARC Group entitled “Heat Exchanger Market Size: Global Industry Trends, Participation, Growth, Opportunities and Forecast 2022-2027‘, the global heat exchanger market has reached a value 16.3 billion US dollars In 2021. Looking ahead, IMARC Group expects market access US$23.4 billion By 2027, the show will be in a 6% compound annual growth rate During 2022-2027. A heat exchanger refers to a device designed to transfer heat from one liquid to another and to control the temperature of the system. These devices consume less energy and emit less pollution compared to traditional methods of cooling. As a result, they find wide applications in air conditioning systems, wastewater treatment, furnaces, boilers, and automobile radiators.

We regularly track the direct impact of COVID-19 in the market, along with the indirect influence of related industries. These notes will be incorporated into the report.

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Global Heat Exchanger Market Trends:

The global market is mainly driven by the growing environmental concerns among consumers regarding the use of energy-efficient appliances. Moreover, the widespread adoption of heating, ventilation and air conditioning (HVAC) across the commercial, industrial and residential sectors is another major factor driving market growth. Moreover, the increasing investment by the major market players in research and development activities to manufacture efficient heat exchanger has created a positive outlook for the market. In addition, government-imposed regulations in many countries to reduce carbon emissions have positively affected market growth across the world. Other factors, including inflating disposable income levels, rising population, rapid urbanization, and extreme weather conditions, have provided impetus for market growth worldwide.

Explore the full report with table of contents and figure list: https://www.imarcgroup.com/heat-exchanger-market

Competitive scene:

By IMARC Group, the global Heat Exchanger Market report has also analyzed the competitive landscape of the market together Leading heat exchanger manufacturers Being

Some of these major players are:

  • Alfa Laval
  • API Heat Transfer Inc.
  • Danfoss
  • General Electric Company
  • Hisaka works
  • IHI . company
  • Johnson Controls
  • Kelvion Holding GmbH
  • koch industries
  • litron company
  • Mersin
  • Modine manufacture
  • proprietary hydraulics
  • Sondex A/S.
  • Xylem Inc

Main market segmentation:

Segmentation by type:

  • Shell and tube
  • plate and frame
  • air cooling
  • Aharon

Breakdown by material:

  • carbon steel
  • Stainless Steel
  • nickel
  • Aharon

End-use industry disintegration:

  • Chemicals
  • Petrochemicals, oil and gas
  • Heating, ventilation, air conditioning and refrigeration
  • Food and drink
  • Power generation
  • paper pulp
  • Aharon

Division by region:

  • North America (US and Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, other countries)
  • Europe (Germany, France, UK, Italy, Spain, other countries)
  • Latin America (Brazil, Mexico and other countries)
  • Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, other)

Highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Impact of COVID-19 on the market
  • Porter’s Five Forces Analysis
  • Historical, current and future market trends
  • Market drivers and success factors
  • SWOT Analysis
  • market structure
  • value chain analysis
  • Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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about us

IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all sectors and regions to identify the highest-value opportunities, address the most critical challenges, and transform their businesses.

IMARC’s information products include key markets and scientific, economic and technological developments of business leaders in pharmaceutical, industrial and high-tech enterprises. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are on top of the company’s expertise.

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