Heat Exchangers Market | Industry Trends Growth Report 2020-2025

1. Market Overview: A heat exchanger is used to transfer the heat from one medium to another. Heat is transferred by conduction through the exchanger materials that separate the mediums being employed. The primary operations of the heat exchanger are overheating prevention in power generation facilities, waste heat recovery, air cooling, general heat transfers, and others. The heat exchangers market is a very quick expanding with an average CAGR of 9.1%. As of 2020, the heat exchangers market was worth 14.73 billion USD and is expected to reach 22.76 billion USD by the year 2025. Market drivers and restraints: The proliferating industrialization and urbanization in emerging countries like India and China are driving the heat exchanger market in the Asia Pacific region, thereby boosting the global market. However, the lack of awareness about energy efficiency and product costs in various underdeveloped and developing economies is predicted to hamper this market in the coming years. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/heat-exchangers-market Report segmented as: By type: shell & tube plate regenerative air cooled By application: chemicals oil & gas power generation HVACR food & beverages others Geographical analysis: Geographically, the global market is segmented into regions like North America, Latin America, Asia Pacific, Europe and Middle East and Africa. The Asia Pacific region is leading the heat exchanger market, owing to rising investments in chemical industries and rising power generation capacity in countries like China, Japan and India. Therefore, the growth of manufacturing, chemical, and construction industries in Asia-Pacific is estimated to lead the market growth throughout the forecast period.

2. Important market players: The key players operating in the market of global heat exchanger include Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Southern Heat Exchanger (U.S.), Danfoss A/S (Denmark), SPX Corporation (U.S.), Xylem Inc. (U.S.), API Heat Transfer Inc. (U.S), Gunter AG & Co. KG (Germany), Sierra S.p.A (Italy), and Hamon & Cie International SA (Belgium), Koch Heat Transfer Company (U.S.), Hughes Anderson Heat Exchangers (U.S.) among others. View a sample and decide: https://www.marketdataforecast.com/market-reports/heat-exchangers-market/request- sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/