The Heat Exchanger Market was valued at USD 16.7 Bn in 2021. The market is projected to grow USD 28.3 Bn in 2030, at a CAGR of 5.5%. Heat Exchanger is an equipment that controls a system's operational temperature and waste heat. The apparatus works with two fluids or gas and fluid mixtures that are at various temperatures and heat levels. Tubes or pipes are generally favoured for heat transmission between fluids or air where one flows through the pipes and the other flows above the pipes. Condensation, evaporation, chillers, vaporizers, and reboilers are only a few of the applications. In air conditioning, refrigeration, chemical processing, power generation, and automotive applications, these are critical components of the system. The increased focus on effective thermal management in various industries, such as oil & gas, power generation, chemical & petrochemical, food & beverage, and HVAC & refrigeration, is likely to drive demand for heat exchangers.
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In this study, thorough secondary research was conducted to obtain information about the Global Heat Exchanger market. Furthermore, primary research has been conducted to support the stated assumptions and findings about individual businesses. The research report on the Heat Exchanger market report is said to be basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position.
We have also provided a basic overview on its major manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. Furthermore, the Heat Exchanger market has been segmented according to upstream raw materials, classifications, downstream consumers, and equipment evaluation. The global Heat Exchanger market report also includes data on upcoming trends, the competitive landscape, Heat Exchanger market influencing factors, and key statistics for a specific industry.
The global Heat Exchanger market report has been segmented by application, major manufacturers, product types, and topological zones in order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Heat Exchanger market. The Heat Exchanger market report thoroughly examines several significant parameters such as Heat Exchanger market share, investments, revenue growth, globalize demand and supply factors. The research paper also compares the Heat Exchanger market's production value and growth rate across different geographies. Furthermore, it focuses on leading consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The COVID-19 pandemic has had a negative impact on heat exchanger market. Due to the enforcement of severe rules such as statewide lockdown to stop the virus from spreading, industries lost a substantial amount of operational time. As a result, the disease's emergence has changed demand, as every sector has halted activities. Because of government constraints, production units for these exchangers were shut down in numerous places. In addition, even when some of the limitations were eased, the lack of workers impeded productivity. However, following the pandemic, demand is likely to increase, with a greater preference for completing district energy and renewable energy targets, as well as the requirement to meet HVAC demand. The UK government, for example, has set a goal of meeting 17 percent of the country's heating demands through district heating networks by 2030.
Top Players involved in this report are:
ALFA LAVAL
GEA Group Aktiengesellschaft
Danfoss
HRS Heat Exchangers
Kelvion Holding GmbH
ACCESSEN GROUP
HISAKAWORKS S.E.A
General Electric
Thermax Limited
SPX Flow, Inc.
Mersen SA
Others
Global Heat Exchanger Market segmentation by Types:
Shell and Tube
Plate and Frame
Air-Cooled
Microchannel Heat Exchanger
Others
The Application of the Heat Exchanger market can be divided as:
Chemical
Petrochemical
Oil & Gas
HVACR
Food & Beverages
Power Generation
Others
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Heat Exchanger market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Heat Exchanger industry players in accordance with product picture and its portfolios, Heat Exchanger market plans, and technology. We have also mentioned strength and weaknesses of the Heat Exchanger market alongside the competitive benefits which improves productivity and efficiency of the companies.
