openPR Logo
Press release

Heat Exchanger Market: Revenue Growth is Making Marketplace Explosive

11-29-2022 03:36 PM CET | Energy & Environment

Press release from: Allied Analytics LLP

Heat Exchanger Market: Revenue Growth is Making Marketplace

Rise of oil & gas demand and growing industrialization in developing economies have boosted the growth of the global heat exchanger market. However, several issues in the system such as leakage and pressure drops hinder the market growth. On the contrary, increase in demand for petrochemicals and rapid expansion of nuclear power plants are expected to open lucrative opportunities for the market players in the coming years.

Request Sample Here @ https://www.alliedmarketresearch.com/request-sample/2049

Heat exchangers are devices designed to transfer heat between two or more fluids that is liquids, vapours, or gases of different temperatures. Depending on the type of heat exchanger employed, the heat transferring process can be gas-to-gas, liquid-to-gas, or liquid-to-liquid and occur through a solid separator, which prevents mixing of fluids or direct fluid contact. Other design characteristics, including construction materials and components, heat transfer mechanisms, and flow configurations, also help to classify and categorize the types of heat exchangers available. In addition a diverse selection of these heat exchanging devices is designed and manufactured for use in both, heating and cooling processes application across a wide range of industries.

According Allied Market Research, "Heat Exchanger Market by Type, End-user Industry, and Material of Construction: Global Opportunity Analysis and Industry Forecast 2021-2030." According to the report, the global heat exchanger industry was pegged at $16.7 billion in 2020, and is expected to reach $28.3 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

The global heat exchanger market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Accessen Group, Ala Laval, API Heat Transfer, Chart Industries., Danfoss A/S, Hisaka Works. Ltd., Exchanger Industries Limited, Koch Industries, Inc., Thermofin Gmbh, and Xylem.

The heat exchanger industry is segmented on the basis of type, end-user industry, material of construction, and region.

Based on type, the shell and tube segment accounted for nearly one-third of the global heat exchanger market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is attributed to its various advantages such as ease of application in higher operating temperatures and pressures, low price as compared to plate type coolers, and others. Shell and tube heat exchangers are a preferred choice owing to the ease of servicing and their compatibility for use with different types of seawater coolants. Moreover, this segment would showcase the fastest CAGR of 5.9% by 2030. The report also includes analysis of plate and frame, air-cooled, microchannel heat exchangers, and others.

Request Sample Here @ https://www.alliedmarketresearch.com/request-sample/2049

Based on end-user industry, the chemical segment held the lion's share in 2020, contributing to nearly one-fourth of the global heat exchanger market, and is expected to continue its lead during the forecast period. This is owing to their ability to withstand the continuous chemical reactions and their application in a complex series of processes such as cooling, heating, condensing, separation, evaporation, and others. The oil and gas segment, however, would showcase the fastest CAGR of 6.1% by 2030. The report also includes an analysis of the Hvacr, petrochemical, power generation, and food & beverage segments.

By region, the global heat exchanger market across North America is expected to register the highest CAGR of 5.9% during the forecast period, owing to rising upstream activities, chemical industry, and oil & gas refineries, which in turn are expected to increase the demand of heat exchanger in the region. However, the market across LAMEA held the largest share in 2020, accounting for more than one-third of the market. This is due to numerous factors such as a large consumer base including oil & gas refineries, chemical industry, food industry, sugar industries, and others.

Key Findings of Study
• On the basis of type, the shell and tube segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
• On the basis of end-user industry, the chemical segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
• On the basis of material of construction, the stainless-steel segment registered the highest market share and is projected to maintain the same during the forecast period.
• On the basis of region, the LAMEA region registered the highest market share and is projected to maintain the same during the forecast period.

Market Report Highlights:
By Type
• Shell and Tube
• Plate and Frame
• Air-Cooled
• Microchannel Heat Exchanger
• Others

End-user Industry
• Chemical
• Petrochemical
• Oil and Gas
• HVACR
• Food and Beverages
• Power Generation
• Others

Material of Construction
• Carbon Steel
• Stainless Steel
• Nickel
• Others

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
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 domain.
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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.

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: Revenue Growth is Making Marketplace Explosive here

News-ID: 2827158 • Views: 149

More Releases from Allied Analytics LLP

Global Barrier Systems Market Size Was Valued At $19.1 Billion In 2022 | Industr …
According to a new report published by Allied Market Research, titled, "Barrier Systems Market by Device Type, Technology, Material Type, Application, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2020-2027," the global barrier systems market size was valued at $19.1 billion in 2019, and is projected to reach $25.4 billion by 2027, registering a CAGR of 3.7% from 2020 to 2027. The global barrier systems market was 34,353 thousand units by
Global Stacker Market Is Projected To Reach $3,136.2 Million By 2026 | Registeri …
Global Stacker Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global stacker market was valued at $2,033.1 million in 2018, and is projected to reach $3,136.2 million by 2026, registering a CAGR of 5.3% from 2019 to 2026. Download Sample PDF Now (150+Pages with More Insight)-https://www.alliedmarketresearch.com/request-sample/6293 In 2018, based on type, the electric segment accrued the largest share in the stacker market. Expansion of the
Exterior Wall Systems Market Expected to Reach $221.9 billion by 2030
According to a new report published by Allied Market Research, titled, "Exterior Wall Systems Market by Material, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global exterior wall systems market size was $125.8 billion in 2020 and is expected to reach $221.9 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. In 2020, Asia-Pacific region dominated the global exterior wall systems market accounting
Global Air Scrubber Market Size Was Valued At $1,883.3 Million In 2022 | Key Com …
According to a new report published by Allied Market Research, titled, "Air Scrubber Market by Product Type, Filter Type, and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global air scrubber market size was valued at $1,883.3 million in 2020, and is projected to reach $4,306.4 million by 2030, registering a CAGR of 8.5% from 2021 to 2030. An air scrubber eliminates air pollution, volatile organic compounds (VOCs), surface

All 5 Releases


More Releases for Heat

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
Heat Exchangers Market 2025 Top Companies - API Heat Transfer Inc., Alfa Laval A …
Heat exchanger are devices responsible for transfer of heat, from one fluid to another and transfer of heat between solid particulates and fluid. These are used in cooling applications, such as in refrigeration and air-conditioners. They are distinguished on the basis of direction of flow of liquids. Therefore, depending on the flow of liquid these exchangers can be parallel-flow, cross-flow, or countercurrent. Moreover, some heat exchangers comprise multiple tubes whereas,
Heat Exchanger Market By Shell and Tube Heat Exchanger, Plate Heat Exchanger, Re …
Heat Exchanger Market - Overview Accruing Heat Exchanger Market is progressing with the fast pace; mainly due to its applications across the industries. From Agro-industry (heat exchangers for sugar factories and distilleries) to swimming pools to maintain the water temperatures. Other remarkable applications of Heat Exchangers are Chemical Factories, HVAC and etc. According to a recent study report published by the Market Research Future, the Global Heat Exchanger
Moving from heat waste to heat recovery
The project Mitsubishi Electric Hydronics & IT Cooling Systems, through its brand Climaveneta has recently supplied two heat pumps for Fortum’s district heating in Espoo, Finland. Fortum, a Finnish energy company, will utilize waste heat from a data center and supply the heat into a district heating network. The data center belongs to Ericsson, a multinational networking and telecommunications equipment and services company based in Sweden. A win-win solution Ericsson needed more cooling
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
Global Smart Heat Meter Sales Market Size, Shares, Forecast Report 2017: Mechani …
Sales, means the sales volume of Smart Heat Meter Revenue, means the sales value of Smart Heat Meter This report studies sales (consumption) of Smart Heat Meter in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Diehl Kamstrup Sensus Stream Measurement Engelman Vital Energi Landis+Gyr Itron Ista Qundis Zenner Sontex Plou MetInfo Runa Guangdaweiye Haifeng Market Segment by Regions, this report splits Global into several key Regions,