Global Heat Exchangers Market (2021 to 2030) – by Type, End-user Industry, Material of Construction and Region – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Heat Exchangers Market by Type, End-User Industry, and Material of Construction : Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
The Global Heat Exchangers Market was valued at USD 17.10 billion in 2020 and is predicted to reach USD 41.87 billion by 2030 with a CAGR of 6.7% from 2021-2030.
Heat exchangers are devices that enable the transfer of heat between multiple surfaces of liquids at different temperatures. Key factors such as technological advancements, improvement in infrastructure as well as modernization and improved standard of living are attributed to the growth of the market. Also, rise in number of oil refineries coupled with strict government regulations are vital elements driving the market growth. Moreover, growing demand for nuclear power along with huge investments by big market players are the major factors expected to further boost the market growth. However, corrosion and scaling as well as complex design further complicate the cleaning process, which in turn is expected to hamper the market growth during the forecast period to some extent.
The heat exchangers market is segmented on the basis of type, end user, construction material and geography. On the basis of type, the market is segmented into shell & tube, plate & frame, air-cooled, microchannel and others. On the basis of end user, the market is segmented into chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation and others. On the basis of construction material, the market is segmented into carbon steel, stainless steel, nickel and others. Based on geography the market is segmented into North America, Europe, Asia Pacific and RoW.
At present, North America is anticipated to hold the lion share in the market as it is home to many global players operating in Automobile, Electronics, Aviation and Defense sector. Also, increasing oil & gas and E&P activities in the U.S. and Canada along with surging energy demand in various industrial and commercial sectors is expected to drive the demand for heat exchangers in the region. However, Asia Pacific region is predicted to show rapid and consistent growth in market share within the forecast period due to the rapid urbanization and rising capital expenditure in this region.
Companies Mentioned
- API Heat Transfer
- Brask, Inc.
- Danfoss A/S
- Guntner GmbH & Co. KG,
- Kelvion Holding GmbH
- Koch Industries, Inc.
- Lytron Inc.
- Thermofin
- Xylem Inc.
Key Topics Covered:
1. Introduction
2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot
3. Porter’s Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
4.2. Challenges
4.3. Opportunities
5. Global Heat Exchangers Market, by Type
5.1. Overview
5.2. Shell & Tube
5.3. Plate & Frame
5.4. Air-Cooled
5.5. Microchannel
5.6. Others
6. Global Heat Exchangers Market, by End-user
6.1. Overview
6.2. Chemical
6.3. Petrochemical
6.4. Oil & Gas
6.5. Hvacr
6.6. Food & Beverage
6.7. Power Generation
6.8. Others
7. Global Heat Exchangers Market, by Construction Material
7.1. Overview
7.2. Carbon Steel
7.3. Stainless Steel
7.4. Nickel
7.5. Others
8. Global Heat Exchangers Market, by Region
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. Rest of World
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/pvk8pt
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