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Heat Exchangers Market : Increasing demand with key players Like API Heat Transfer, Brask, Inc., Danfoss A/S, Güntner GmbH & Co. KG, Kelvion Holding GmbH

07-29-2020 04:55 PM CET | Energy & Environment

Press release from: Allied Market Research

Heat Exchangers Market : Increasing demand with key players Like

The heat exchangers market is driven by numerous factors such as high demand from emerging economies, increase in energy prices, technological advancements in heat exchangers, and others. There is a significant rise in demand from developing economies such as India, China, and Indonesia, owing to the rapid industrialization.

According to the report, the global heat exchangers market garnered $16.62 billion in 2018 and is estimated to reach $29.31 billion by 2026, growing at a CAGR of 7.2% from 2019 to 2026.

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The report also provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Based on type, the shell & tube segment occupied the highest share of 30% in 2018, and is anticipated to continue its dominance throughout the analysis period. It is highly adopted in numerous end–user industries owing to its characteristics such as easy maintenance, high efficiency, compatible in high-pressure applications, compact design, and others

Get detailed COVID-19 impact analysis on the Heat Exchangers Market:https://www.alliedmarketresearch.com/request-for-customization/2049?reqfor=covid

Europe to maintain its lion's share-

Based on geography, Europe generated the major share in 2018, accounting for nearly one-third of the total market. This is due to high demand from automotive industries, food & beverage industry, and the petrochemical industry. Simultaneously, the Asia-Pacific region would grow at the fastest CAGR of 7.6% by 2026.

Leading market players-

Leading market players analyzed in the research include Brask, Inc., Xylem Inc., Danfoss A/S, Kelvion Holding GmbH, API Heat Transfer, Koch Industries, Inc., Lytron Inc., Güntner GmbH & Co. KG, and Thermofin.

Key Findings of The Heat Exchangers Marke:
• Based on type, the shell and tube segment is expected to grow at the fastest growth rate of 7.6%
• Based on end-user industry, oil & gas is expected to experience rapid growth with a rate of 7.9%
• The Asia-Pacific heat exchangers market is projected to grow at the highest CAGR of nearly 7.6%, in terms of revenue, during the forecast period
• A comprehensive analysis of the factors that drive and restrain the heat exchangers market growth is provided

For More Details Connect with Our Analyst:https://www.alliedmarketresearch.com/connect-to-analyst/2049

Based on the end-user industry, the oil & gas industry is anticipated to grow at the fastest rate. This is due to significant surge in demand for heat exchangers from countries such as India, China, and U.S., owing to the rise in a number of oil and gas industries; specifically in India, and China, where increase in oil usage has resulted in high investment for improving the refining capacity.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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