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The heat exchanger market will experience strong growth through 2030

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Heat exchanger market

Heat exchanger market

Rapidly increasing urbanization and industrialization is crucial for every sector and country as industrialization has led to a rise in chemical, petrochemical, oil and gas, HVACR, food and beverage, and power generation sectors, which in turn increases the demand for heat exchangers elevated. The global heat exchanger market size was valued at $16.7 billion in 2020 and is expected to reach $28.3 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ & ๐‚: https://www.alliedmarketresearch.com/request-sample/2049

Heat exchangers are devices for transferring heat between two or more fluids, i.e. liquids, vapors or gases of different temperatures. Depending on the type of heat exchanger used, the heat transfer process can be gas-to-gas, liquid-to-gas or liquid-to-liquid and occurs via a solids separator that prevents mixing of liquids or direct liquid contact. Other design features, including construction materials and components, heat transfer mechanisms, and flow configurations, also help classify and categorize the types of heat exchangers available. In addition, a diverse selection of these heat exchange devices are designed and manufactured for use in heating and cooling processes in a variety of industries.

Heat exchangers help control fluid temperatures in food, beverage and drug processing for pasteurization, sterilization, clean-in-place and other hygienic operations. In addition, ingredients in cosmetics and pharmaceuticals are mixed by heat exchangers at specific temperatures to ensure safe use and product quality. However, the rise of pharmaceutical, cosmetic, chemical and petrochemical industries across the globe is expected to be a major growth factor for the heat exchanger market.

The heat exchanger industry is segmented based on type, end-use industry, material of construction and region. Based on type, the market is segmented into shell and tube heat exchangers, plate and frame heat exchangers, air-cooled heat exchangers, micro-channel heat exchangers, and others. Based on end-use industry, it is divided into chemical, petrochemical, oil and gas, HVACR, food and beverage, power generation and others. Based on the construction material, it is classified into carbon steel, stainless steel, nickel and others. The other segment also includes nickel alloys, titanium, copper and molybdenum. By region, it is analyzed in North America, Europe, Asia Pacific and LAMEA.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก. ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/2049

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

The major market players of the heat exchanger industry are adopting various strategies such as product launch, product development, collaboration, partnership and agreements to influence the market. It provides details of key market players, strengths, product portfolio, market size and share analysis, operating results and market positioning.

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐‡๐ž๐š๐ญ ๐„๐ฑ๐œ๐ก๐š๐ง๐ ๐ž๐ซ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž,

Accessen group
Ala Laval
API heat transfer
Chart Industries.
Danfoss A/S
Hisaka works. GmbH.
Exchanger Industries Limited
Koch Industries, Inc.
Thermofin GmbH
Xylem.

The global heat exchanger market is analyzed and estimated based on the impact of drivers, restraints and opportunities. The period examined in this report is 2020-2030. The report provides a market study regarding growth prospects and constraints based on regional analysis. The study includes Porter's five forces analysis of the industry to identify the influence of suppliers, competitors, new entrants, substitutes and buyers on the growth of the Heat Exchanger market.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/2049

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐’๐ญ๐ฎ๐๐ฒ:

– Based on type, tube bundle segment emerged as the global market leader in 2020 and is expected to be the largest market during the forecast period.
– In terms of the end-use industry, the chemicals segment emerged as the global market leader in 2020 and is expected to be the largest market during the forecast period.
– Based on material of construction, stainless steel segment recorded the highest market share and is expected to maintain the same during the forecast period.
– Based on region, LAMEA region recorded the highest market share and is expected to maintain the same during the forecast period.

๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ ๐š๐ง๐ ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

๐Ÿ. ๐‡๐ž๐š๐ญ ๐๐ฎ๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ – https://www.prnewswire.com/news-releases/heat-pump-market-to-reach-99-6-bn-globally-by-2026-at-7-7-cagr-allied-market-research- 301107546.html

๐Ÿ. – https://www.globenewswire.com/news-release/2022/07/14/2479467/0/en/Residential-Heat-Pump-Market-Is-Expected-to-Reach-77-5-Billion-by- 2030-Allied-Market-Research.html

๐Ÿ‘. ๐†๐ž๐จ๐ญ๐ก๐ž๐ซ๐ฆ๐š๐ฅ ๐ก๐ž๐š๐ญ –https://www.globenewswire.com/news-release/2022/08/10/2495750/0/en/Geothermal-Heat-Pump-Market-Is-Expected-to-Reach-12-5-billion-by- 2031-Allied-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Allied Market Research is a leading market intelligence provider, providing reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advances in the industry. Among other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who produce in-depth research reports and actively advise leading companies on improving their current practices. Our experts have extensive knowledge of the topics they cover. They also use a variety of tools and techniques to collect and analyze data, including patented data sources.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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๐€๐œ๐œ๐ž๐ฌ๐ฌ๐ญ๐ก๐ž https://www.alliedmarketresearch.com/heat-exchanger-market

This press release was published on openPR.