Heat Exchanger Market Global Rising Demand & Huge Scope Till 2030

Heat Exchanger Market Size and Forecasts (2022 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Shell and Tube, Plate and Frame, Air Cooled, and Others), Material (Steel, Copper, and Others), and Application (Energy, Chemical, Food and Beverages, HVACR, Pulp and Paper, and Others) The Heat Exchanger Market size is expected to reach US$ 39.11 billion by 2030 from 20.65 billion in 2022, at an estimated CAGR of 8.3% from 2022 to 2030.

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Competitive Landscape: Heat Exchanger Market:
The North American Heat Exchanger market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest Heat Exchanger market share during the forecast period. For instance, according to the US Department of Energy report for January 2021, the hydropower capacity increased by a net of 431 MW in 2019 since 2017. The capacity was increased from existing facilities, new facilities, and powering non-powered dams (NPDs), which resulted in a total net growth of 1,688 MW from 2010 to 2019. In addition, Mexico is planning to build many gas-fired power plants to increase the natural gas supply, including importing natural gas from the US. For instance, in November 2022, US-based New Fortress Energy announced the deal signed with the Mexican government to develop the LNG project Lakach offshore gas field in Mexico, which is expected to be completed by 2024. Thus, these plants generate the need for heat exchangers for gas drying, preheating natural gas, and liquefaction of natural gas in LNG plants. In the hydropower plant, heat exchangers minimize the downtime of turbines, generators, and transformers by reducing the heat generated. Thus, the rising establishment of hydropower plants contributes to the North America heat exchanger market growth.

Alfa Laval AB
Kelvion Holding GmbH
Danfoss AS
Xylem Inc
API Heat Transfer Inc
Chart Industries Inc
Guntner GmbH & Co KG
Larsen & Toubro Ltd
Hisaka Works Ltd
Johnson Controls International Plc

Chapter Details of Heat Exchanger Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Heat Exchanger Market Landscape
Part 04: Heat Exchanger Market Sizing
Part 05: Heat Exchanger Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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