Heat Exchangers Market Size, Trends and Growth Analysis 2031

Precision Business Insights has published a report on the global heat exchangers market, estimating its value at USD 19.2 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/heat-exchangers-market
Market Definition:
An apparatus that transfers heat between two or more fluids—gases, liquids, or a combination—without actually mixing them is called a heat exchanger.
Drivers:
1) Rising energy demand and power generation.
2) Expansion in HVAC and Refrigeration.
The global heat exchangers market segmentation:
1) By Type: Shell & Tube, Plate, Regenerative, and Air Cooled.
2) By Application: Chemicals, Oil & Gas, Power Generation, HVACR, Food & Beverages, and Others.
Regional Overview:
The report also examines the current concerns and their Future Effects on the heat exchangers market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the heat exchangers market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Alfa Laval, Kelvion Holding GmbH, Danfoss A/S, API Heat Transfer, Xylem Inc. SPX FLOW Inc. Johnson Controls, GEA Group AG, Hisaka Works Ltd. HRS Heat Exchangers Ltd. Hamon Group Tranter Inc. FUNKE Wärmeaustauscher Apparatebau GmbH, Boyd Corporation, SECESPOL Sp. z o.o. Enerquip LLC, Barriquand Technologies Thermiques, Koch Heat Transfer Company LP, Keltech Heat Exchangers Pvt. Ltd. Lytron Inc. Vahterus Oy, Sondex A/S (part of Danfoss), Thermex Ltd. SmartHeat Inc. Harsco Industrial Patterson-Kelley Heat Transfer Products Group (HTPG) AIC Group of Companies, THT Heat Transfer Technology Inc. Southern Heat Exchanger Corporation, Hindustan Dorr-Oliver Ltd. Air Products and Chemicals Inc. Güntner GmbH & Co. KG, Niagara Blower Company, CIAT Group (part of Carrier) DOOSAN Corporation (Energy division) Hitachi Zosen Corporation, Mitsubishi Heavy Industries Ltd. HYDAC International GmbH, Modine Manufacturing Company, Vestas Aircoil A/S.
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