DUBLIN--(BUSINESS WIRE )--The "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" report has been added to ResearchAndMarkets.com's offering.
The global heat exchanger market size is expected to reach USD 26.78 billion by 2030.
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%.
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 Report Highlights
Chapter 3. Heat Exchanger Market Variables, Trends & Scope
3.2. Penetration & Growth Prospect Mapping
Chapter 5. Heat Exchanger Market Product Estimates & Trend Analysis
Chapter 6. Heat Exchanger Market End-Use Estimates & Trend Analysis
Chapter 7. Heat Exchanger Market Regional Estimates & Trend Analysis
8.1. Key Global Players & Recent Developments & Their Impact on the Industry
8.6.1. List of Key Emerging Companies and Their Geographical Presence
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900