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Heat Exchanger Market is Expected to Grow at a CAGR of 5.7% during the forecast period of 2023-2030 : Cognitive Market Research
Heat Exchanger Market is Expected to Grow at a CAGR of 5.7% during the forecast period of 2023-2030 : Cognitive Market Research
- A heat exchanger is a device used to transfer heat from one fluid to another, without the two fluids coming into direct contact with each other. Heat exchangers are used in a variety of applications, such as heating and cooling systems, power plants, chemical and petrochemical plants, and refrigeration systems. There are different types of heat exchangers, including shell and tube heat exchangers, plate heat exchangers, and air-to-air heat exchangers.
Summary:
• The Global Heat Exchanger Market is projected to grow at a CAGR of 5.7% during the forecast period of 2023-2030.
• Growing industrialization in developing economies and growth in the chemical and petrochemical industries are the major driving factors for the growth of the Heat Exchanger market.
• Asia Pacific accounted for the largest market share in the Global Heat Exchanger Market.
"To know more The Heat Exchanger Market statistics click here: https://www.cognitivemarketresearch.com/heat-exchanger-market-report
Market Dynamics:
- Growing industrialization in developing economies is expected to boost the demand for heat exchangers. The increasing need for more energy-efficient heating, cooling, and power systems in various industries is driving the demand for heat exchangers. Moreover, growth in the chemical and petrochemical industries is leading to an increase in the demand for heat exchangers. These industries rely on heat exchangers for a variety of processes, including refining and chemical reactions. Thus, this factor is driving the growth of the heat exchanger market.
Market Segmentation:
Material:
• Steel
• Non-Steel
End-Use:
• Chemical & Petrochemical
• Oil & Gas
• HVAC & Refrigeration
• Power Generation
• Food & Beverage
• Pulp & Paper
• Others
Product:
• Plate & Frame Heat Exchanger
• Shell & Tube Heat Exchanger
• Air-Cooled Heat Exchanger
• Others
The Major Players in Heat Exchanger Market are:
Alfa Laval (Sweden) , Kelvion Holdings (Germany) , Danfoss (Denmark) , Xylem (US) , API Heat Transfer (US) , Gunter (Germany) , Chart Industries (US) , Hisaka Works (Japan) , Johnson Controls International (Ireland) , Hindustan Dorr-Oliver (India)
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Regional Analysis:
- Asia Pacific is expected to grow at the fastest rate during the forecast period. This is attributed to the rapid expansion of the chemical & petrochemical, and power generation industries. Furthermore, growing industrialization coupled with increasing investment in the manufacturing sector in countries like China and India is driving the growth of the heat exchanger market.
News:
- Alfa Laval and SSAB joined forces to produce the first heat exchanger made using fossil-free steel
In May 2022, Alfa Laval has signed an agreement with SSAB to collaborate on the development and commercialization of the world's first heat exchanger to be made using fossil-free steel. This collaboration builds on its shared expertise and a determination to drive innovation.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Heat Exchanger Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Heat Exchanger Market Size 2018 - 2030, (USD Million)
• 3.2 Global Heat Exchanger Market: Snapshot
Chapter 4 Global Heat Exchanger Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Heat Exchanger Market by Product Segmentation Analysis (2018-2030)
Chapter 9 Global Heat Exchanger Market by Material Segmentation Analysis (2018-2030)
Chapter 10 Global Heat Exchanger Market by End-Use Industry Segmentation Analysis (2018-2030)
Chapter 11 Global Heat Exchanger Market Regional Analysis
Chapter 12 North America Heat Exchanger Market Outlook (2018 - 2030)
Chapter 13 Europe Heat Exchanger Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Heat Exchanger Market Outlook (2018 - 2030)
Chapter 15 Latin America Heat Exchanger Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Heat Exchanger Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Heat Exchanger Market TOC click here: https://www.cognitivemarketresearch.com/heat-exchanger-market-report#table_of_contents
Related Report:
• Heat Exchange Equipment Market - https://www.cognitivemarketresearch.com/heat-exchange-equipment-market-report
• Heat Detectors Market - https://www.cognitivemarketresearch.com/heat-detectors-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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