Heat Exchanger Market Forecast 2020-2025: Size, Share, Growth, Industry Analysis and Automotive Research Report

According to the latest report by IMARC Group, titled “Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global heat exchanger market size reaches strong growth in 2019. A heat exchanger is a device, which is used for transferring heat from one medium to another. It is extensively utilized in aquarium exhibits for preventing thermoregulatory stress and maintaining temperature. Other than this, it is also employed in the energy, petrochemical, automobile and aerospace industries across the globe. Nowadays, heat exchangers are available in a wide range of varieties, depending on the rate of heat transfer required.

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The increasing utilization of energy on account of rapid urbanization, growing population and boosting sales of consumer electronics represents one of the major factors driving the global heat exchanger market growth. Moreover, as they aid in increasing the fuel efficiency of an aircraft, heat exchangers are extensively employed in the aerospace industry. Furthermore, they are also utilized in chemical processing, natural gas processing, sewage treatment and petroleum refineries, which is anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market to expand at a CAGR of around 6% during 2020-2025.

Market Breakup by Material:

Carbon Steel
Stainless Steel
Nickel
Others

Market Breakup by Type:

Shell & Tube
Plate & Frame
Air Cooled
Others

Market Breakup by Application:

Chemical
Petrochemical and Oil & Gas
HVAC and Refrigeration
Food & Beverage
Power Generation
Paper & Pulp
Others

Competitive Landscape Key Players:

Alfa Laval
API Heat Transfer Inc.
Danfoss
General Electric Company
Hisaka Works
IHI Corporation
Johnson Controls
Kelvion Holding GmbH
Koch Industries
Lytron Inc.
Mersen
Modine Manufacturing
Royal Hydraulics
Sondex A/S
Xylem Inc

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Source: steemit

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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