Heat Exchangers Market 2021 – Latest Analysis Report, Post COVID-19 Growth Projection, High CAGR, Expected Demand and Revenue, New Market Trends and Forecast to 2027 | Says Kenneth Research

Heat Exchangers Market Analysis – 2020-2027

Heat Exchanger is a device that is mainly used for the passing of heat between fluids that can include liquids, vapors, and sometimes even gases that can exist in varying temperatures. Both heating and cooling processes can involve the usage of heat exchangers. Heat exchangers are used in many places and they normally work to heat buildings, including the cooling of buildings, including providing assistance to help engines and machines work in an efficient manner. Heated exchanges are also used by refrigerators, air conditioners, power stations, refineries, chemical plants, and a few others.

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The global heated exchanger market was valued at USD 3820.7 million in the year 2018 and is projected to register a CAGR of 9.24% over the forecast period i.e. 2020-2027. The market is anticipated to witness tremendous growth, owing to rise in demand for heat exchangers in the power generation industry in many regions of the world and increasing installation of energy recovery systems either in HVAC mechanical systems or in industrial processes is helping raise the demand for heat exchangers mainly in commercial and industrial buildings.

The demand for heat exchangers is expected to rise over the next decade, as it is an important component of HVAC systems, which is followed by the growing demand for reduction of energy bills in both residential and commercial establishments in the recent years as well as for the increasing concern for reducing carbon dioxide footprints. According to the statistics by the BP Statistical Yearbook, carbon dioxide emissions around the globe increased from 32,317 million tonnes in the year 2012 to 33,891 million tonnes in the year 2018.

The market is segmented on the basis of type, material, end user industry, applications in petrochemical and oil and gas industry and by region. On the basis of type, shell and tube heat exchangers, which was valued at USD 1970.4 million in the year 2018 in Asia Pacific and MEA together, is anticipated to grow at a significant rate over the forecast period. The applications in petrochemical and oil and gas industry segment consists of six segments, out of which petrochemical processing is projected to record a significant market share over the forecast period. 

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Based on region, the global heat exchangers market comprises of five segments that include North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The market in Asia Pacific, which was valued at USD 3820.7 million in the year 2018, is anticipated to grow at a notable CAGR of 9.24% over the forecast period. The various factors that are estimated to drive the growth of this market are the rising levels of urbanization taking place in the region and the growth of the automobile and aviation industry that is providing huge opportunities to heat exchange manufacturers to make investments in the region.

Moreover, countries such as China that are seeing industrialization growth improving and the existence of various HVAC industries that have been using heat exchangers is anticipated to raise the demand for heat exchangers over the forecast period. On the other hand, the market in Middle East and Africa is anticipated to witness a value of USD 3708.2 million by the end of the forecast period, owing to factors such as growing initiatives of government for the development of the manufacturing industry in the region. Moreover, the active presence of various market players that are offering HVAC equipment in the region are anticipated to boost the demand for heat exchangers in the region over the forecast period. 

Several industry leaders in the global heat exchangers market are working towards the development of heat exchangers by spending hugely in research and developmental activities. Also, numerous players are increasingly expanding their product line to gain an extra edge of competitiveness in the global heat exchangers market.

Based on the geographical analysis, the report covers the market scenario for the following regions around the world:

  • North America (U.S. & Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa)

A series of illustrations such as graphs, tables, and charts are provided in the report to make the report easy to comprehend for the business clients.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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“We are open for the customization of this report for our client.”

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download Sample of This Strategic Report-:  https://www.kennethresearch.com/sample-request-10279911

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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