Global Heat Exchangers Market to Reach $20.6 Billion by 2022 - Mature Markets of Europe & North America Projected to Inhibit Growth

The heat exchanger market is projected to reach USD 20.65 Billion by 2022, at a CAGR of 8.3% from 2017 to 2022. The market is driven by increase in stringent environment regulations, rise in HVACR deployments, and technological advancements. However, the mature markets of Europe and North America are projected to inhibit the growth to some extent.

The heat exchanger market is projected to reach USD 20.65 Billion by 2022, at a CAGR of 8.3% from 2017 to 2022. The market is driven by increase in stringent environment regulations, rise in HVACR deployments, and technological advancements. However, the mature markets of Europe and North America are projected to inhibit the growth to some extent.

The global heat exchangers market has been witnessing many developments over the past few years. Heat exchangers are preferred and widely accepted equipment due to its eco-friendly and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers, globally.

The heat exchangers are used in various applications, such as chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, and paper & pulp. In 2016, the chemical segment is estimated to account for the largest market share among all the applications, in terms of value, followed by petrochemical and oil & gas, and HVACR. The HVACR application segment is estimated to grow at the highest during the forecast period.

Asia Pacific, North America, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa are considered as the main regions in the heat exchangers market in the report. Currently, North America is the largest market for heat exchangers, with the maximum share of the global market. The region has huge installed plant capacities of heat exchangers and is an export-based heat exchangers market. The heat exchangers market is emerging in various countries such as China, India, Saudi Arabia, and Brazil due to increasing industrial activity. Also, a large number of emerging manufacturers from Asia Pacific and Eastern Europe are expected to reduce import dependence of various regions which is further expected to drive the heat exchangers market in future.

Companies Mentioned

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Heat Exchangers Market, By Type

7 Heat Exchangers Market, By Application

8 Heat Exchangers Market, By Material of Construction, Temperature Range & Fluid Type

9 Graphite Heat Exchangers Market

10 Printed Circuit Heat Exchangers Market

11 Heat Exchangers Market, By Region

12 Competitive Landscape

13 Company Profile

14 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/bqfbst/heat_exchangers

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716