IMARC Group’s latest research report, titled “Heat Exchanger Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global heat exchanger market size reached a value of US$ 16.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2027, exhibiting at a CAGR of 6% during 2022-2027. A heat exchanger refers to a device that is designed to transfer heat from one fluid to another and control the temperature of a system. These devices use less energy and emit less pollution in comparison to the conventional methods of cooling. As a result, they find extensive application in air conditioning systems, sewage treatment, furnaces, boilers, and automotive radiators.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, material and end-use industry.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Heat Exchanger Market
- Strategies of major players and product offerings
Global Market Trends:
The global market is majorly driven by the increasing environmental concerns among consumers regarding the use of energy-efficient devices. Furthermore, the widespread adoption of heat, ventilation, and air-conditioning (HVAC) across commercial, industrial, and residential sectors represents another key factor driving the market growth. Moreover, the rising investment by the key market players in research and development (R&D) activities to manufacture an efficient heat exchanger has created a positive outlook for the market. Additionally, regulations imposed by the government of several countries to reduce the emission of carbon have positively influenced the market growth across the globe. Other factors, including inflating disposable income levels, rising population, rapid urbanization, and extreme average climatic conditions have provided an impetus to market growth across the globe.
Key Players Included in Global Heat Exchanger Market Research Report:
- Alfa Laval
- API Heat Transfer Inc.
- Danfoss
- General Electric Company
- Hisaka Works
- IHI Corporation
- Johnson Controls
- Kelvion Holding GmbH
- Koch Industries
- Lytron Inc.
- Mersen
- Modine Manufacturing
- Royal Hydraulics
- Sondex A/S
- Xylem Inc
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Type:
- Shell & Tube
- Plate & Frame
- Air Cooled
- Others
Breakup by Material:
- Carbon Steel
- Stainless Steel
- Nickel
- Others
Breakup by End-Use Industry:
- Chemical
- Petrochemical and Oil & Gas
- HVAC and Refrigeration
- Food & Beverage
- Power Generation
- Paper & Pulp
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Heat Exchanger Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Heat Exchanger Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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