Jan 31, 2022   SOURCE: BusinessWire

Worldwide Heat Exchanger Industry to 2027 - Featuring Alfa Laval, Danfoss and Mersen Among Others - ResearchAndMarkets.com

The "Heat Exchanger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global heat exchanger market reached a value of US$ 16.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 23.4 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027.

Companies Mentioned

  • Alfa Laval
  • API Heat Transfer Inc.
  • Danfoss
  • General Electric Company
  • Hisaka Works
  • IHI Corporation
  • Johnson Controls
  • Kelvion Holding GmbH
  • Koch Industries
  • Lytron Inc.
  • Mersen
  • Modine Manufacturing
  • Royal Hydraulics
  • Sondex A/S
  • Xylem Inc.

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor

A heat exchanger refers to a device that is used for transferring heat from one fluid to another. It is used for controlling the temperature of a system or substance. It contains streams of hot and cold fluids, which are utilized to transfer thermal energy among the streams. They may be separated by a thermally conductive tube or plate or kept in direct contact if the fluids are immiscible. These devices assist in heating or cooling buildings as well as enable efficient functioning of engines and machines. As a result, they are widely utilized in boilers, furnaces, refrigerators, automotive radiators, sewage treatment and air conditioning systems

The significantly rising demand for heat, ventilation and air-conditioning (HVAC) from industrial, commercial and residential sectors is primarily driving the growth of the market. This can be accredited to the inflating disposable income levels, changing living standards and extreme average climatic conditions across the globe. Moreover, rising environmental concerns amongst individuals regarding the use of energy-efficient and environment-friendly devices are also influencing the market growth. Governments of several countries have implemented stringent regulations to reduce carbon emissions across various industries, which are creating a positive outlook for the heat exchanger market. Furthermore, manufacturers are constantly engaging in research and development (R&D) activities in the heat exchange technology to launch cost-effective and efficient product variants, which is expected to drive the market growth further

Key Question Answered in this Report

1. What was the global heat exchanger market size in 2021?

2. What is the impact of COVID-19 on the global heat exchanger market?

3. What will be the heat exchanger market outlook during the forecast period (2022-2027)?

4. What are the global heat exchanger market drivers?

5. What are the major trends in the global heat exchanger market?

6. What is the global heat exchanger market breakup by type?

7. What is the global heat exchanger market breakup by material?

8. What is the global heat exchanger market breakup by end use industry?

9. What are the major regions in the global heat exchanger market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Heat Exchanger Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

7 Market Breakup by Material

8 Market Breakup by End-Use Industry

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Indicators

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/7reqy3