Heat Exchangers Market: Global Industry Trends, Market Size, Competitive Analysis and Forecast - 2021 – 2027
The global heat exchangers market size is estimated to grow at a significant CAGR of over 4% during the forecast period and expected to reach at around USD 23 billion by 2027. The increasing demand for heat exchangers from oil and gas industry is a prominent factor to drive the market growth. Furthermore, the increasing industrialization in developing economies and the increasing power plant installation such as India and China is expected to fuel the market over the forecast period. Moreover, the increasing use of heat exchangers in various industries such as food & beverage, chemical, HVAC & refrigerator, and power generation is anticipated to drive the market. However, the adoption of renewable energy is expected to have negative support on the market over the forecast period.
The report titled "Heat Exchangers Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2021 – 2027" offers a holistic view of the Heat Exchangers industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Heat Exchangers market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Heat Exchangers Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Heat Exchangers Market Segmentation:
By Product:
- Shell & Tube Heat Exchangers
- Air-cooled Heat Exchanger
- Gasketed PHE
- Welded PHE
- Brazed PHE
- Others
By End-Use:
- Chemicals
- HVAC & Refrigeration
- Oil & Gas
- Power Generation
- Food & Beverage
- Others
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key companies:
- Danfoss
- Alfa Laval
- General Electric Company
- Kelvion Holdings
- Xylem Inc.
- Hindustan-Dorr
- HRS Heat Exchanger Ltd.
- Güntner GmbH & Co. KG
- Hisaka Works Ltd.
- PI Heat Transfer
Key Questions Answered by Heat Exchangers Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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