Global Heat Exchangers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global heat exchangers market in its upcoming report titled, “Global Heat Exchangers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global heat exchangers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global heat exchangers market report has been segmented on the basis of product type, applications, and region.

Heat exchangers are equipment which help to exchange heat from one fluid to another without direct contact of fluids. Typically heat exchangers are used in heating and cooling of fluids, which are used as feed in evaporator, condensers. Heat exchangers are generally used in process plants, power, petroleum, transportation, air-conditioning, refrigeration, cryogenic, heat recovery.

Rising need for saving energy in end-use industries such as chemical, and power generation plants is boosting usage of heat exchangers. Recovery of the construction industry across several economies has given rise to commercial and residential buildings, which have a heightened demand for HVAC appliances such as cooling and heating systems, which require heat exchangers, thereby increasing growth of the global heat exchangers market. In addition, radiators used in automotive are also a type of heat exchangers, thus the thriving automotive industry is expected to fuel growth of the global heat exchangers market over the forecast period.

Shell and tube heat exchangers is expected to be the highest revenue grossing segment in the global heat exchangers market. These type of heat exchangers are commonly used due to its large surface area which provides better heating or cooling efficiency. The shell and tube heat exchangers segment is also expected to gain momentum due to its low maintenance, cost efficiency, and low corrosive properties.

Europe accounts for majority share in the global heat exchangers market, followed by Asia Pacific, owing to growth in its power, oil & gas, and chemicals sector in India and China. North America accounted for the second-highest share in the global heat exchangers market owing to presence of prominent players in the region.

Global heat exchangers market segmentation:

Segmentation by type:

• Shell & tube
• Plate and frame
• Air cooler
• Cooling tower

Segmentation by end-use industry:

• Chemicals
• HVAC
• Oil & gas
• Power plants
• Food & beverages
• Automotive
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa