CHICAGO, June 20, 2022 /PRNewswire/ -- According to the new market research report "Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Raw Material (Steel, Copper, Aluminum), Application (Chemical, Energy, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2026", published by MarketsandMarkets, the Heat Exchangers Market size is estimated at USD 15.6 billion in 2021 and is projected to reach USD 19.9 billion by 2026, at a CAGR of 5.0% during the forecast period. The major factors driving the heat exchangers market include growth of the chemical industry and rising demand for energy across the globe. Heat exchangers have industrial and commercial application in various industries such as chemical, energy, power, HVACR, pulp & paper, and food & beverages. Shell & tube, plate & frame, air-cooled heat exchangers are commonly available in the market and are used in various end-use industries. Heat exchangers market growth is primarily driven by rise in HVACR deployment, and other industrial activities, surging energy prices, and rapid industrial expansion in the developing economies.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=750
Browse in-depth TOC on "Heat Exchangers Market"
153 - Tables
52 - Figures
243 - Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/heat-exchanger-market-750.html
Increasing demand of shell & tube type of heat exchangers from various end-use industries
On the basis of type, the heat exchangers market is segmented into four types including, shell & tube, plate & frame, air-cooled, and others. Shell & tube segment dominates the heat exchangers market during the forecast period. Shell & tube heat exchanger are ideal for various end-use industries such as chemical, food & beverage, oil & gas, pulp & paper, and others such as metallurgical, wastewater treatment, and mining. Moreover, shell & tube type of heat exchangers offers a relatively large ratio of heat transfer area to volume and weight.
Europe dominates the heat exchanger market
Europe is the largest market for heat exchangers, owning to established manufacturing, automotive, and industrial sector. European energy efficiency regulations, and demand for sustainable energy consumption will also increase the demand for heat exchangers during the forecast period. The major end use industries of heat exchangers in the region are chemical, energy, HVACR, and others.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=750
The heat exchangers market comprises major players such as ALFA LAVAL (Sweden), Kelvion Holding GmbH (Germany), Exchanger Industries Limited (Canada), Mersen (France), Danfoss (Denmark), API Heat Transfer (US), Boyd Corporation (US), H. Güntner (UK) Limited (Germany), Johnson Controls (Ireland), XYLEM (US), and others.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=750
Browse Adjacent Markets: Equipment Machine and Tooling Market Research Reports & Consulting
Related Reports:
Microchannel Heat Exchanger Market by Type (Condenser, Evaporator, and Water Coil), Application (Automotive, HVAC, Commercial Refrigeration), and Region (North America, Europe, APAC, South America, and Middle East & Africa) - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/microchannel-heat-exchanger-market-32760657.html
Shell & Tube Heat Exchanger Market by Application (Chemicals, Petrochemicals and Oil & Gas, HVACR, Food & Beverages, Pulp & Paper, Power Generation) and Region - Global Forecast to 2020
https://www.marketsandmarkets.com/Market-Reports/shell-tube-heat-exchangers-market-92257371.html
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/heat-exchanger-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/heat-exchanger.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
