The Global Heat Exchanger Market is Expected to Grow with a CAGR of 7% from 2023 to 2030

The Global Heat Exchanger Market is Expected to Grow with a CAGR of 7% from 2023 to 2030

Blog Article

According to a market report by Lucintel, the future of the global heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil and gas, paper and pulp, food and beverage, HVACR and power generation markets. The global heat exchanger market is expected to reach an estimated $36 billion by 2030 from $23 billion in 2023 at a CAGR of 7% from 2023 to 2030. The major drivers for this market are a rise in HVACR deployments, stringent environmental regulation, and rapid industrialization.

In this market, shell and tube, plate and frame, air-cooled and other are the major segments of heat exchanger market by Product Type.

Lucintel forecasts that shell and tube will remain the largest segment over the forecast period.

Within this market, HVACR is expected to witness the highest growth.

Europe is expected to witness the highest growth over the forecast period.

Alfa Laval Corporate AB, Kelvion Holding GmbH, Xylem Inc, Danfoss A/S, and SPX Corporation are the major suppliers in the heat exchanger market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056