MarketsandMarkets™ says the heat exchanger marketplace is valued at $32.3 billion by 2029 at a CAGR of 7.0%.

CHICAGO, July 16, 2024 (GLOBE NEWSWIRE) — international heat exchanger market The measurement is estimated to be US$23.0 billion in 2024 and is projected to reach US$32.3 billion by 2029, at a CAGR of 7.0%, between 2024 and 2029. As per latest information via MarketsandMarkets™. The heat exchangers market has witnessed significant technological developments due to the increasing emphasis on calorie treatment, cost relief and environmental sustainability. Heat exchangers play an important role in HVACR technologies, contributing significantly to calorie conservation and relief from calorie expenditure. The growing demand for energy-efficient HVACR products is indeed witnessing a massive growth in the demand for robust heat exchangers with low maintenance, distinctive designs and high heat switch rates. Thus, increase in demand for HVACR technologies is driving the heat exchanger market.

Get PDF Novel: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=750

Browse an in-depth TOC on “Heat Exchanger Market”

350 – Market Data Tables

57-Figures

334 – page

List of Major Players in Heat Exchanger Market,

1. Alfa Laval (Sweden)

2. Kelvian Holding GmbH (Germany)

3. Danfoss (Denmark)

4. Exchanger Industries Ltd. (Canada)

5. Mersenne (France)

6. API Heat Transfer (US)

7. Boyd (America)

8. H. Guntner (UK) Ltd. (Germany)

9. Johnson Controls (Ireland)

10. Xylem (America)

11. Wabtec Corporation (US)

12. SPX Flow (US)

13. Lu-Way Spa (Italy)

14. Lennox International Inc. (US)

15. Modine Manufacturing Company (US)

Drivers, Opportunities and Challenges in Heat Exchanger:

1. Driver: Increasing demand for heat pumps in Europe

2. Control: Fluctuations in raw material prices

3. opportunity: growing aftermarket

4. challenge: Regulations related to fluoridated gases

Key findings of the study:

1. Metal heat exchangers are projected to be the fastest growing material, in value terms, during the forecast period.

2. The largest type of shell and tube heat exchangers in terms of value is

3. In value terms, Europe gains the largest share in the heat exchangers market during the forecast period

Get sample page: https://www.marketsandmarkets.com/requestsampleNew.asp?id=750

based on contentThe metallic materials segment is expected to lead the market in terms of value in 2024. Metal is a popular choice for heat exchangers due to its exceptional thermal conductivity and durability. There are a variety of metals applied in heat exchangers, each metal has different properties and characteristics that make it suitable for different applications. Metals like copper, aluminum and titanium are known for their high thermal conductivity. They facilitate efficient heat transmission between fluids in a heat exchanger. Metal-based heat exchangers provide better heat transfer efficiency. In addition, they exhibit strength and ductility, effectively resisting wear and tear caused by fluids moving within the heat exchanger.

the story continues

depending on type, the shell and tube segment had the largest share in the heat exchanger market. Shell and tube heat exchangers have a simple design and are suitable for use in systems with high operating temperatures and pressures. These heat exchangers are suitable for industries such as chemical, oil and gas, food and beverage, pulp and paper, as well as waste water treatment, metallurgy and mining sectors. They serve as the evaporator and condenser and can be installed vertically or horizontally depending on operational requirements.

Get customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=750

Based on end use industryThe chemical industry holds the largest share in the heat exchanger market. The chemical industry operates on a large scale, with manufacturing facilities producing large quantities of chemicals. This scale of operations requires the use of multiple heat exchangers to meet the heating and cooling requirements of the various processes. Stringent regulations governing environmental protection and workplace safety in the chemical industry often require the use of efficient heat exchange systems to reduce energy consumption and emissions. Continued advances in heat exchanger technology have resulted in increasingly efficient and reliable systems, further improving their applicability to the harsh conditions encountered in chemical production.

by regionAsia Pacific is the fastest growing market for heat exchanger in 2023. Asia Pacific is currently undergoing rapid industrialization, especially in China, India, and Southeast Asian countries. This industrial expansion is driving demand for heat exchangers in various sectors including chemicals, power generation, oil and gas and manufacturing. Furthermore, ongoing infrastructure development projects, such as construction of refineries, power plants and manufacturing facilities, are increasing the need for adequate numbers of heat exchangers to facilitate various processes such as cooling, heating and more. Additionally, the increasing demand for energy in the Asia Pacific region driven by factors such as population growth, urbanization and economic development requires expansion of energy infrastructure.

Alfa Laval

ALFA LAVAL is a global leading manufacturer specializing in heat transfer, separation and fluid management equipment. Its major products are separators, heat exchangers, pumps and valves. The company has three operating business segments: marine, energy, and food and water. It offers heat exchangers through its energy division. ALFA LAVAL has an extensive product portfolio for heat exchangers and offers Aalborg, Cetetube, ViscoLine, Pharma-Line, AlfaQ, AlfaCond, AlfaVap and BaseLine. It also offers customized products for specific applications and operating conditions. The company offers its products and solutions to various industries such as chemicals, machinery and manufacturing, energy, biotech and pharmaceuticals, food and beverages, transportation, mining, minerals and pigments, marine, semiconductors and electronics, metallurgy, automotive, and pulp and paper. supplies. , ALFA LAVAL’s heat exchangers are designed to efficiently transfer heat using various technologies such as shell and tube, plate and frame and brazed plate, in addition, it covers installation, maintenance and repair for its heat exchanger solutions. Also supports services. The company has operations in the Americas, Asia Pacific, the Middle East and Africa, and Europe.

Browse Nearby Markets Equipment Machine and Tooling Market Research reports

Related reports:

1. Business Coatings Market

2. leather-based market

3. centrifuge market

4. Solvent Healing Marketplace

5. carbon utilization market

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been known as considered one of The us’s perfect control consulting corporations by means of Forbes, as in keeping with their fresh document. MarketsandMarkets™ is a blue ocean spare in enlargement consulting and program control, leveraging a man-machine providing to pressure supernormal enlargement for motivated organizations within the B2B length. We've got the widest lens on rising applied sciences, making us gifted in co-creating supernormal enlargement for purchasers. Previous this occasion, we made a proper transformation into considered one of The us's perfect control consulting corporations as in keeping with a survey performed by means of Forbes. The B2B economic system is witnessing the emergence of $25 trillion of pristine earnings streams which can be substituting present earnings streams on this decade rejected. We paintings with purchasers on enlargement systems, serving to them monetize this $25 trillion alternative thru our carrier strains - TAM Enlargement, Progress-to-Marketplace (GTM) Solution to Execution, Marketplace Proportion Acquire, Account Enablement, and Idea Management Advertising and marketing. Constructed at the 'GIVE Enlargement' idea, we paintings with a number of Forbes International 2000 B2B firms - serving to them keep related in a disruptive ecosystem. Our insights and techniques are molded by means of our business mavens, state-of-the-art AI-powered Marketplace Judgement Cloud, and years of analysis. The KnowledgeStore™ (our Marketplace Judgement Cloud) integrates our analysis, facilitates an research of interconnections thru a suite of packages, serving to purchasers take a look at all of the ecosystem and perceive the earnings shifts taking place of their business. To determine extra, consult with www.MarketsandMarkets™.com or observe us on Twitter, LinkedIn and Fb. Touch: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 630 Dundee Street Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 E-mail: gross sales@marketsandmarkets.com