Press release
Heat Exchanger Market 2020 Growth Strategies, Industry Share, Size, Opportunities, Competitive Strategies and Regional Forecast to 2023
Heat Exchanger Market SynopsisAccording to an eminent research firm, Market Research Future (MRFR), the global heat exchanger market would demonstrate significant growth, registering over 9.5% % CAGR throughout the forecast period (2018 - 2023). Advances in the heat exchanger related technology and increase in HVACR process equipment is a key driving force behind this growth of the market.
The heat exchanger market is progressing briskly; mainly due to the diverse application areas in industries ranging from swimming pools to maintain the water temperatures to sugar factories and distilleries. Other remarkable applications of heat exchangers include Chemical Factories and Heating Ventilation Air Conditioning and Refrigeration (HVACR) sector.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2963
Top Drivers and Key Barriers
The strong growth of the heat exchanger market is the result of the amplified demand for the water and wastewater industry. The market growth also relies on the surging use of heat exchangers in different plants like water treatment plants that maximize water temperature and also elevates energy efficiency. Apart from this, the growing market for water and wastewater equipment is also boosting the demand for heat exchanger design across the globe.
Data analysts at MRFR note that the expanding worldwide population and the rising number of manufacturing activities also seem to be benefitting the worldwide market. Surge in oil and gas production is also estimated to have a lucrative effect on the global heat exchanger market. Besides, environmental concerns rising due to the use of non-renewable energy resources can work in favor of the heat exchanger market, given the several ongoing projects that are working on increasing the power generation capacity.
High demand for heat exchangers has been observed for commercial and non-commercial purposes owing to power requirement, which has been brought on by rising population and surge in economic growth in emerging countries. A host of technological advancements in heat exchangers and the remarkable progress of the nuclear power sector will also stimulate market growth in the following years.
Global Heat Exchanger Market Segmentation
The global market for heat exchanger can be segmented in terms of type and application.
Depending on the type segment, the market consists of shell & tube, plate, regenerative and air-cooled. Shell & tube heat exchanger segment, among these, has the potential to achieve the top spot in the market, primarily owing to higher operating pressures and temperatures, the massive potential of heat transfer, low-pressure drop across the tube cooler and ease of fault detection.
The application-wise segments covered in the report are oil & gas, chemicals, food & beverages, HVACR, power generation, and others. Heat exchangers are the primary heat transfer equipment that are deployed in chemical process industries like petrochemicals, polymers and plastics, pharmaceutical, and agrochemicals companies. Thus, the chemical segment is expected to acquire the largest share in the heat exchanger market. Oil & gas industry comes second in the market, on account of the increasing number of refineries as well as mining machinery coolers.
Regional Outlook
Asia Pacific (APAC), the Middle East and Africa (MEA), North America and Europe are the primary markets for heat exchanger identified in the MRFR report.
With the rise in globalization, the competition among automotive heat exchanger manufacturers in APAC has increased. This has given rise to the manufacturing of top quality products that boast of high functional competency. Moreover, companies are now focusing on the aftermarket space, besides catering to the original equipment manufacturers (OEM's) in a bid to elevate their position in the market. The top markets for heat exchangers in the region include India and China. The demand for automotive heat exchangers is high in South Korea and Japan, given the mounting demand for premium vehicles that require a high number of heat exchangers. The implementation of rigid emission norms also prompts OEMs to opt for advanced technologies that comply with the standards.
Europe is a significant market for heat exchanger, owing to the high demand stemming from the extreme cold weather condition. The region is benefiting from the high production of plate & frame heat exchangers, especially in countries like the United Kingdom (UK), France, and Germany. The region also houses a number of renowned heat exchanger manufacturers like Gunter AG & Co. KG, Kelvion Holdings Gmbh, and others, which adds to the market strength. The MEA market is gaining significantly with the surging application of heat exchangers in oil refineries.
Top Market Players
The leading performers in the worldwide heat exchanger market are Southern Heat Exchanger (U.S.), Danfoss A/S (Denmark), API Heat Transfer Inc. (U.S), Hughes Anderson Heat Exchangers (U.S.), Xylem Inc. (U.S.), Koch Heat Transfer Company (U.S.), Hamon & Cie International SA (Belgium), Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Sierra S.p.A (Italy), SPX Corporation (U.S.), Gunter AG & Co. KG (Germany), to name a few.
Get Complete Report at: https://www.marketresearchfuture.com/reports/heat-exchanger-market-2963
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heat Exchanger Market 2020 Growth Strategies, Industry Share, Size, Opportunities, Competitive Strategies and Regional Forecast to 2023 here
News-ID: 1925693 • Views: …
More Releases from Market Research Future

9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…

Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…

Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…

Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Heat
Global Ceramic Heat Sink Heat Sink Market Drivers Analysis 2025
According to our (Global Info Research) latest study, the global Ceramic Heat Sink Heat Sink market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
This report is a detailed and comprehensive analysis for global Ceramic Heat Sink Heat Sink market. Both quantitative and qualitative analyses are presented by manufacturers, by region &…
Plate Fin Heat Sinks vs. Heat Pipe Heat Sinks: Which is Right for Consumers?
In the modern industrial landscape, heat sinks [https://www.coolerchina.com/] play a crucial role in ensuring the stable operation and longevity of equipment by effectively dissipating heat generated by devices into the surrounding environment. Among the numerous types of heat sinks available, plate fin heat sinks and heat pipe heat sinks are two of the most common. This article will compare these two types, helping you choose the right one for your…
Efficient Heat Transfer Solutions: Global Heat Pipe Heat Exchanger Market to Rea …
As per the study initiated by Evolve Business Intelligence, the global Heat Pipe Heat Exchanger market size accounted for USD 18.2 Billion in 2022, growing at a CAGR of 6.5% from 2023 to 2033. The Heat Pipe Heat Exchanger (HPHE) Market refers to the global market for heat exchangers that use heat pipes as a primary heat transfer element. Heat pipe heat exchangers are used in a wide range of…
India Heat Exchangers Market Size Set For Explosive Growth | Radiant Heat Exchan …
The India heat exchangers market accounted for $454.4 million in 2018, and is anticipated to reach $890.0 million by 2026, registering a CAGR of 8.6% from 2019 to 2026. Heat exchanger is a system designed to efficiently transfer energy between two or more fluids. The production of heat exchangers is a highly labor-intensive process, attributable to the long welding hours. Thus, heat exchangers are preferably manufactured in India, owing to…
Exclusive Report on Heat Pipe Heat Exchanger Market: Heat Pipe Heat Exchanger Ma …
According to the study published by Evolve business intelligence, “The global Heat Pipe Heat Exchanger market size is expected to reach $ Billion by 2028 growing at the CAGR of 10% from 2021 to 2028. The report provides the reader with a deep-dive understanding of business opportunities, competitor analysis, market size and forecast, go-to-market strategy, and market share. After evaluating the next-gen business analytic report, the reader is directed to…
Global Heat Pipe Heat Exchanger Market Research Report 2017
Summary
This report studies Heat Pipe Heat Exchanger in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Mitsubishi Electric Corporation
Nortek Air Solutions
Munters Corporation
Greenheck
RenewAire
DRI Innovative Air Solutions
Reznor
Zehnder America
Ruskin Rooftop System
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth…