Heat Exchanger Market Worth to cross by 2027
Posted On December 17, 2021
The Global Heat Exchanger Market value is expected to grow during the forecast period of 2021 to 2027 as per the report by Value Market Research. The market is being driven by increasing demand for heating and cooling systems in commercial and residential buildings, as well as a shift in focus toward more effective use of waste heat from industrial activities.
A heat exchanger is a piece of equipment that is used in a variety of industries to transfer heat between two or more liquids. It works by transferring heat from one medium to another, which is divided by a wall to prevent direct contact between the fluids. Heat exchangers are used to transmit thermal energy from one liquid to another, from one gas to another, or from one liquid to another. The heating and cooling of a fluid stream is what heat exchangers are used for. It has been utilised in space heating, refrigeration, air conditioning, power plants, chemical plants, petrochemical plants, petroleum refineries, natural-gas processing, and sewage treatment because of its characteristics.
The detailed research study "Global Heat Exchanger Market Report By Type (Shell & Tube, Plate & Frame, Air Coolers, Cooling Towers, Others), By Application (Chemicals, Oil & Gas, Power Generation, HVAC, Automotive, Pharmaceutical, Food & Beverages, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of type the market is segmented into Shell & Tube, Plate & Frame, Air Coolers, Cooling Towers, Others. By application the heat exchanger market is categorised as Chemicals, Oil & Gas, Power Generation, HVAC, Automotive, Pharmaceutical, Food & Beverages, Others. The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the heat exchanger market.
The Report Segments Global Heat Exchanger Market -
- Shell & Tube
- Plate & Frame
- Air Coolers
- Cooling Towers
- Oil & Gas
- Power Generation
- Food & Beverages
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Alfa Laval, Kelvion, GEA Group, Danfoss, SWEP, Thermax Limited, Tema India Ltd., API Heat Transfer, Tranter Inc., Mersen, Linde Engineering, Air Products, HIDAKA WORKS LTD., HRS Heat Exchangers.
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