Growing Demand for Thermal Storage Systems Coupled with Rising Cooling & Heating Needs Propel Demand for Heat Exchangers to Reach $26 Billion by 2025 – Market Research Report (2019-2025) by Industry Experts, Inc.
Monday 23 Sep 2019
Industry Experts, Inc. unveiled the global market research report on Heat Exchangers. The new report "Heat Exchangers – A Global Market Overview" reveals that the Chemical industry is the largest end-user of Heat Exchangers and the industry is projected to be the fastest growing end-user with the robust CAGR of 8.2% during the period 2019-2025.
The recent past has witnessed significant developments in the global heat exchangers market. The environment-friendly and energy efficient properties of these devices have made them an indispensable component of several industrial applications. Increasing prices of energy have resulted in growing demand for heat exchangers and these devices play a key role in saving energy in many industries, such as chemical, petrochemical, petroleum refining and power.
While Tabular Heat Exchangers market account for the Lion’s share of over 50% of global Heat Exchangers market, Plate Type Heat Exchangers market is poised to post the fastest 2019-2025 CAGR of 8% and reach a projected US$6.8 billion by 2025 from a forecast US$4.3 billion in 2019. The overall global market for Heat Exchangers is expected to exceed US$16 billion in 2019.
The Heat Exchangers product types market analyzed in this report includes Extended Surface, Plate Type, Regenerators and Tubular. The report examines the market for Heat exchangers by material type comprising Carbon Steel, Nickel, Stainless Steel and Other Materials. The study also explores the Heat Exchangers market by end-use industry including Chemical, Food & Beverage, HVACR, Paper & Pulp, Petrochemical and Oil & Gas, Power Generation and Other Industries.
The report reviews, analyses and projects the Heat Exchangers market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2016-2025 in terms of value in USD. These regional markets further analyzed for 15 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina and Brazil.
This 372 Page global Heat Exchangers market report includes 212 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes the brief business profiles of 20 key global players and 40 major players across the North America – 10; Europe – 19; and Asia-Pacific – 11. The report also provides the listing of the companies engaged in research & development, supply and distribution of Heat Exchangers. The global list covers the addresses, contact numbers and the website addresses of 130 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/construction-and-manufacturing/heat-exchangers-a-global-market-overview