The global heat exchangers market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. The primary factor driving the market growth is rise in demand for heat exchangers in end-user industries such as chemical, food & beverages, automobile, and others. Heat exchangers are required in manufacturing process of chemicals which includes condensation of solvents, benzene heat recovery, cooling of watercircuits, cooling of hydrocarbons, heating and cooling of intermediate products & reactors and others. The government also emphasize on the development of chemical industry which will eventually lead to growth in heat exchanger market. For instance, in March 2021, Union minister of chemicals and fetlizers in India indicated that chemical and petrochemical industry is growing to new heights in India and an investment of $133 billion is expected in this sector by 2025. The governmemt has launched 12 PLI scheme for various sectors which will benefit the chemical sector directly or indirectly.
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Key regions are discussed in this Heat Exchangers Market report such as Europe, Middle East, Africa, North America, Latin America and Asia Pacific. It works as the most effective tool which businesses can make use of for developing the way it understands consumers and augment the potential for gains and growth. It is necessary for businesses of all sizes and benefits them completely. It helps to grow business forward. In order to get several benefits from product portfolio enlargement, it is essential to know more about latest market developments its entire scenario. This Heat Exchangers Market report also helps business owners in knowing market size of major regions as well as market advancements.
Heat Exchangers Market research report also involves discussing about major competitors and their future actions and such information is useful to invest in product launch and start any business. It has the potent to augment the product or service offerings. Competitive analysis covered here for the estimation period 2022-2028 greatly helps business participants to make a few vital actions required for the business expansion. Heat Exchangers Market report also helps start ups by providing them best opportunities available in the market. It also helps them to make the best out of these opportunities.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Heat Exchangers Market Report by Segment
By Type
- Shell & Tube
- Plate & Frame
- Air-Cooled
- Others (Finned Coil, Adiabatic Wheel)
By End-user
- Chemical
- HVACR
- Food & Beverages
- Power Generation
- Automobile
- Pharmaceutical
- Other (Pulp & Paper)
Global Heat Exchangers Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global heat exchangers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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