+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT
+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT
SAN FRANCISCO , April 20, 2022 /PRNewswire/ -- The global heat exchanger market size is expected to reach USD 26.78 billion by 2030, according to a new report by Grand View Research, Inc. Rising demand from various industries, including chemical & petrochemical, and power generation, along with an increasing focus on improving efficiency standards in expected to drive the market at a CAGR of 5.1%.
Key Insights & Findings from the report:
Read 133-page market research report, "Heat Exchanger Market Size, Share & Trends Analysis Report By Product (Plate & Frame (Brazed, Gasketed, Welded), Shell & Tube, Air Cooled), By End Use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Heat Exchanger Market Growth & Trends
The presence of favorable government regulations in the emerging economies of China , India , Brazil , and Mexico about setting up new manufacturing facilities is expected to spur the demand for heat exchangers in various industries. In addition, upcoming nuclear power projects, particularly in the Asia Pacific , are anticipated to drive market growth during the forecast period.
Technological advancements coupled with constant efforts and investments by major market participants in product innovation and research & development are expected to increase the market competitiveness over the coming years. The adoption of novel techniques of additive manufacturing in the production of heat exchangers is likely to complement industrial growth.
The COVID-19 pandemic has severely impacted several economies worldwide. Containment measures, including lockdown imposed by various countries to curb the spread of COVID-19, have resulted in limiting the operations of the manufacturing facilities, thereby negatively impacting the demand for heat exchangers in 2020. Heat Exchanger Market Segmentation
Grand View Research has segmented the global heat exchanger market on the basis of product, end use, and region:
Product Outlook (Revenue, USD Million; 2017 - 2030)
End-use Outlook (Revenue, USD Million; 2017 - 2030)
Regional Outlook (Revenue, USD Million; 2017 - 2030)
List of Key Players of Heat Exchanger Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's HVAC & Construction Industry Research Reports.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Web: https://www.grandviewresearch.com Grand View Compass | Grand View Pipeline Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
SOURCE Grand View Research, Inc.
More news releases in similar topics
+44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT