$23.16 billion heat exchanger market opportunity. by 2029

PUNE, India, October 19, 2022 /PRNewswire/ — Maximize Market research Pvt ltd has published aGlobal heat exchanger marketresearch report that covered market size estimation by type and by end-user segment with competitive landscape and new investment opportunities in the Heat Exchangers industry. According to the report, the heat exchanger market size was valued at $15.44 billion. in 2021 and total market revenue is expected to increase by 5.2% from 2022 to 2029, reaching nearly $23.16 billion.

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Heat Exchangers Market Scope and Research Methodology:

The report is a comprehensive analysis of the Heat Exchangers Market, competitive landscape, market leaders, market followers, and local players. Both primary and secondary data collection techniques were used to collect data by each country covered in the report. The sample size for the primary data did justice to each country and region, making this report more comprehensive and authentic. Since in some regions local players are strong, its impact on market leaders’ turnovers is analyzed in tangible terms.

A bottom-up approach has been applied to estimate and forecast the market size in each country, then region, then the global market size is estimated. The bottom-up approach made this report more insightful as a global report. Paid and free secondary sources are used to collect secondary data and sources will be provided upon request.

Heat Exchanger Market Overview:

Heat exchangers provide both cooling and heating services, but are often used for cooling, especially in industrial facilities such as processing plants or refineries. Steel, nickel and nickel alloys, titanium, graphite, aluminum, copper-nickel and inconel are the raw materials most often used for heat exchanger components. Steel and aluminum are commonly used in the production of hulls due to qualities such as corrosion resistance, high tensile strength and low cost.

Heat Exchanger Market Dynamics:

Growing investments by oil and gas companies in exploration and production operations are expected to increase the demand for heat exchangers in the oil and gas sector. The growing amount of infrastructure upgrades is likely to drive the demand for heat exchangers even further. The increased use of shale gas in the energy and manufacturing industries, as well as the increase in shale gas exploration operations due to technological developments in exploration, such as horizontal and hydraulic drilling , are expected to increase the demand for heat exchangers. Additionally, the increasing number of oil and gas projects in various economies is expected to drive the market growth over the forecast period.

During the forecast period, increasing construction projects such as new supermarkets, residences, swimming pools and public buildings are expected to boost the demand for HVAC. Additionally, rising consumer spending, along with growing demand for thermal control in residential and commercial settings, is expected to drive the market growth.

Regional Overview of Heat Exchangers Market:

Asia accounts for more than half of total chemical sales. The massive growth of from Asia chemical sector, mainly in China and India, is expected to be a major driver for the heat exchanger market. Similarly, heat exchangers are used in the chemical industry for a wide range of applications, including solvent condensation, various material mixtures, heat recovery from benzene, and other industrial activities. Therefore, the chemical industry needs corrosion resistant heat exchangers that can prevent cross contamination.

Nuclear power generation in China increased by approximately 17.5% in 2019. Additionally, according to BP’s statistical review, China natural gas production increased by 9.8% to reach 177.5 billion cubic meters in 2020. According to Wood Mackenzie, Asia Pacific energy demand is expected to increase by 15% between 2019 and 2040, reaching around 6,850 million tonnes of oil equivalent.

Aluminum is a key material used in the creation of heat exchanger components. . It is primarily derived from bauxite ore and is used in a range of industries such as automotive, packaging, building and construction. In 2018, the main aluminum producing countries were China, Russia, Canada, Indiathe United Arab Emirates and Australiawhile the main importers of aluminum were the UNITED STATES, Germany, the Netherlands, Japanand South Korea. The world’s largest aluminum suppliers are Aluminum Corporation of China Limited, Alcoa Corporation and China Hongqiao Group Limited.

heat exchanger market Segmentation:

Based on hardware, Heat exchangers market is segmented into steel and non-steel

Based on the product, Heat exchangers market is segmented into plate and frame heat exchanger, shell and tube heat exchanger, air cooled heat exchanger and others

Based on end use, The heat exchangers market is segmented into chemical & petrochemical, oil & gas, HVAC & refrigeration, power generation, food & beverage, pulp & paper and others

Based on the region, The heat exchanger market is segmented into North America, Europe, Asia Pacificthe Middle East and Africaand South America.

Leading Heat Exchanger Market Competitors:

Major Heat Exchanger Market players include:

  • Alfa Laval
  • Danfoss
  • Kelvion Holding GmbH
  • Güntner Group GmbH
  • Xylem inc.
  • API heat transfer
  • Mersen
  • Hisaka worksltd.
  • Graphic Industries, Inc.
  • Johnson Controls International
  • HRS heat exchangers
  • SPX FLOW, Inc.
  • Funke Wärmeaustauscher Apparantebau GmbH
  • Koch Heat Transfer Company
  • Southern Heat Exchange Company
  • Denso
  • Valeo
  • Customer
  • GEA Group

The key questions answered in the Heat Exchangers market report are:

  • What is the Competitive Landscape of the Heat Exchangers Market?
  • What are the major factors influencing the heat exchangers market?
  • Which region is expected to dominate the heat exchangers market by 2029?
  • What will be the CAGR of the Heat Exchangers market throughout the forecast period?
  • Who are the most important players in the heat exchanger market?
  • What is the estimated heat exchanger market size by 2029?
  • In 2021, which company had the highest heat exchanger market share?

To access the full copy of the report: https://www.maximizemarketresearch.com/checkout/?method=PayPal&reportId=3346&type=Single%20User

Maximize Market Research, a leading chemicals and materials research company, also released a report on:

  • Automotive Heat Exchangers Market: According to the MMR report, the market size of automotive heat exchangers is expected to reach $38.41 billion by 2029 at a CAGR of 3.8%. Rising demand for automotive components in engineering, industrial and commercial applications is driving the growth of automotive heat exchangers market across the globe.
  • heat pump market: According to the MMR report, the heat pump market size is expected to reach $95.4 billion by 2029 at a CAGR of 7.75%. Changing climatic conditions, government initiatives and strong demand in the residential sector are driving the growth of the heat pump market.
  • heat meter market: According to the MMR report, the heat pump market size is expected to reach $1799.64 million by 2029 at a CAGR of 9.2%. The growing need for sub-metering, innovations in heat meter technology, and the growing demand for safety devices in industrial applications are increasing the demand for heat meters.
  • boiler market: According to the MMR report, the boiler market size is expected to reach $24.45 billion by 2029 at a CAGR of 5.9%. Strict environmental legislation would encourage the installation of boilers for industrial applications, leading to significant growth in the boiler market across the globe.
  • Spiral Heat Exchanger Market: According to the MMR report, the spiral heat exchanger market size is expected to reach $837.24 billion by 2029 at a CAGR of 3.81%.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C market research on 6,500 high-growth emerging technologies and opportunities, as well as threats to businesses in the chemical, healthcare, pharmaceutical, electronics and electronics industries. communications, the Internet of Things, food and communications. Beverages, Aeronautics and Defense and other manufacturing sectors. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. Additional information is available at https://www.maximizemarketresearch.com/.

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