Heat Exchangers Market Share, Opportunity Assessment, Future Estimations and Key Industry Segments Poised for Strong Growth in Future 2027
Global Heat Exchangers Market Forecast to 2027
The Global Heat Exchangers Market size was estimated to be USD 11.95 billion in 2019 and is anticipated to surpass USD 23.11 billion by 2027, with a CAGR of 8.8% from 2020 to 2027.
A heat exchanger is essentially a gadget that exchanges thermal energy between solids, liquids, or strong particulates at various temperatures and in thermal contact. Heat exchangers are mainly utilized in heating or cooling of a liquid stream and during dissipation or build-up of single-or multicomponent liquid streams. The heat transfer takes place by conduction through exchanger materials, which separates the mediums in use. Air-cooled systems, plate, shell & tube, are some of the major technologies being deployed by heat exchanger manufacturers on a global scale.
The report also covers the impact of the COVID-19 pandemic on the Heat Exchangers market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and trends and the major challenges of the market created due to the pandemic. The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.
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The report presents a panoramic view of the competitive landscape of the Heat Exchangers market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry. The report also focuses on strategic alliances in the Heat Exchangers market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.
Top Players Analyzed in the Report are:
THT, SWEP, Kelvion, SPX Flow, Alfa Laval, Xylem, Hisaka, IHI, Accessen Group, Doosan, Hitachi Zosen, Lanpec, HRS, Shangdong Beichen, Wessels, KNM, Danfoss, FUNKE, and API, among others.
Type (Revenue, USD Million; 2017-2027)
Shell & Tube
Plate & Frame
Air-Cooled
Micro-Channel
Others (Gasketed, Welded, Brazed, and Finned Tube)
End-User Industry (Revenue, USD Million; 2017-2027)
Chemical
Petrochemical
Oil & Gas
HVACR
Food & Beverage
Power Generation
Construction Material (Revenue, USD Million; 2017-2027)
Carbon Steel
Stainless Steel
Nickel
Others (Nickel Alloys, Copper, Titanium, and Molybdenum).
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Heat Exchangers market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.
Benefits of Global Heat Exchangers Market Report:
- Comprehensive analysis of the changing market dynamics
- A futuristic outlook on different factors influencing the market
- An 8-year forecast of the market growth and expected revenue growth
- Ease of understanding of the market, key segments, and their future growth
- In-depth analysis of the competitive landscape to give an advantageous edge for the companies
- Extensive insight into the market with in-depth analysis of the segmentation
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