CHICAGO, May 13, 2024
/PRNewswire/ -- The report "Heat Exchanger
Market by Type (Shell & Tube, Plate & Frame,
Air Cooled), Material (Metal, Alloys, Brazing Clad Materials),
End-Use Industry (Chemical, Energy, Hvacr, Food & Beverage,
Power, Pulp & Paper), and Region - Global Forecast to
2029", is projected to reach USD 32.3
billion by 2029, at a CAGR of 7.0% from USD 23.0 billion in 2024.
The Heat exchangers market is driven by increasing
industrialization in emerging economies, rising energy efficiency
regulations and stringent emission standards, growing demand for
HVACR equipments for commercial construction and rising demand for
sustainable, low energy consuming, cost-effective heat
exchangers.
Browse in-depth TOC on "Heat Exchanger Market"
350 – Tables
57 – Figures
334 –
Pages
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=750
"Metals is projected to be the fastest growing material of
heat exchangers, in terms of value, during the forecast
period."
Metals are the largest materials used for heat exchangers, with
aluminium, stainless steel, titanium, and copper being some of the
most common choices. Metals generally have high thermal
conductivity, which is crucial for efficient heat transfer in heat
exchangers. Many metals like stainless steel, titanium, and
nickel-based alloys have high mechanical strength and can withstand
the high temperatures, pressures, and corrosive environments often
encountered in heat exchanger applications.
"Shell & Tube is the largest type of the heat exchangers,
in terms of value."
Shell and tube heat exchanger is the most commonly used type due
to its efficiency in heat transfer, versatility, ease of
maintenance, resistance to thermal shocks, wide range of
applications, and the large heat-transfer surface it offers per
unit of volume and weight. These heat exchangers offer efficient
heat exchange rates due to their design, allowing for the movement
of fluids through tubes and the exterior shell, facilitating
effective heat transfer between fluids. Shell and tube heat
exchangers are designed for easy disassembly, cleaning, and repair,
making maintenance straightforward. Their flexible design allows
for modifications in tube pitch, arrangement, length, number, and
diameter, ensuring adaptability to different applications.
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=750
"Europe captures the largest
share in the heat exchangers market during the forecast period, in
terms of value."
Europe has a diverse and
well-established industrial base, including sectors such as
chemical processing, oil and gas, power generation, food and
beverage, and HVAC (heating, ventilation, and air conditioning).
These industries have significant demand for heat exchangers across
various applications, driving the market growth. European countries
have some of the most stringent environmental regulations in the
world. Heat exchangers are crucial for compliance with these
regulations, as they help industries improve energy efficiency,
reduce greenhouse gas emissions, and minimize waste heat. The need
to adhere to environmental standards drives the demand for advanced
heat exchanger technologies in Europe.
Mergers, new product launches and expansions are the major
growth strategies adopted by the key players in the market. The key
global players in the heat exchangerss market include ALFA LAVAL
(Sweden), Kelvion Holding GmbH
(Germany), Danfoss (Denmark), Exchanger Industries Limited
(Canada), Mersen (France), API Heat Transfer (US), Boyd (US), H.
Güntner (UK) Limited (Germany),
Johnson Controls (Ireland), Xylem
(US), Wabtec Corporation (US), SPX FLOW (US), LU-VE S.p.A. (Italy), Lennox International Inc. (US), and
Modine Manufacturing Company (US).
Browse Adjacent Market: Equipment Machine and Tooling
Market Research Reports & Consulting
Related Reports:
Plate and Frame Heat Exchanger Market - Global
Forecast to 2028
Shell & Tube Heat Exchanger Market - Global
Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one
of America's best management consulting firms by
Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or
follow us
on Twitter, LinkedIn and Facebook.
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/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.com/news-releases/heat-exchanger-market-worth-32-3-billion-by-2029--exclusive-report-by-marketsandmarkets-302143321.html
SOURCE MarketsandMarkets