Heat Exchangers Market (Shell & Tube, Plate & Frame, Air Cooled) - Global Forecast to 2023

The heat exchangers market is estimated to be USD 14.68 billion in 2018 and is projected to reach USD 22.59 billion by 2023, at a CAGR of 9.0% between 2018 and 2023. Heat exchangers are environmentally-friendly, and they offer advantages, such as high operating efficiency and reduced energy consumption. Heat exchangers are used across a wide range of applications, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. The lack of awareness about energy efficiency in buildings is hindering the growth of the market for heat exchangers.

Objectives of Heat Exchangers Market Study:

To define, describe, and forecast the heat exchangers market based on type, application, and region. To provide detailed information regarding key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the heat exchangers market.

To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and contribution to the heat exchangers market, To analyze opportunities in the heat exchangers market for stakeholders and provide detailed information on the competitive landscape of the market. To strategically profile key players operating in the heat exchangers market and comprehensively analyze their market shares and core competencies2.

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In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.
• By Company Type: Tier 1 – 38%, Tier 2 –56%, and Others –6%
• By Designation: C level –60%, Director level – 30%, and Others – 10%
• By Region: North America – 15%, Europe – 31%, Asia Pacific – 23%, Middle East & Africa – 23%, and South America – 8%

Key companies profiled in this heat exchangers market research report are Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem(US), API Heat Transfer (US), Gunter (Germany), Hindustan Dorr-Oliver (India), and Hisaka Works (Japan).

Key Target Audience for Heat Exchangers Market:
1. Manufacturers of Heat Exchangers
2. Traders, Distributors, and Suppliers of Heat Exchangers
3. Regional Manufacturer Associations and General Heat Exchanger Associations Government & Regional Agencies and Research Organizations
4. Investment Research Firms

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Reasons to Buy the Report:

The report will help the market leaders/new entrants in this market in the following ways:

This report segments the heat exchangers market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions.

The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

This report will help stakeholders understand competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.

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This release was published on openPR.