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Heat Exchangers Market - Growing Demand of Heat Exchangers Across Industries

A Heat Exchanger is a device designed to efficiently transfer heat from one matter to another. It is used across various industries such as chemical, petrochemical, oil & gas, HVAC, pulp & paper, and power generation. It plays a major role in helping these industries increase their operational efficiency and reduce energy consumption.

Heat exchangers are integral part of chemical and petrochemical industries. The chemical industry is the largest user of heat exchangers. Apart from the chemical industry, they are widely used in petrochemical and oil & gas industry, power generation, refrigeration, pharmaceuticals, HVAC, food & beverage processing, and pulp paper industry. New emerging technologies and regulations in certain regions have also helped in the growth of heat exchanger industry. Innovative heat exchangers which can withstand corrosive chemicals are gaining popularity.


The heat exchanger market is further segmented on the basis of type and application. The major types of heat exchangers are shell & tube, plate & frame, air-cooled, and printed circuit. The major applications of heat exchangers are chemical, petrochemical and oil & gas, food & beverage, HVAC & Refrigeration, pulp & paper, and power generation. These types and applications have been discussed in detail in the report. Market share for major market participants has also been described in the report.

As a part of qualitative analysis, the research provides report with a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, and key issues in the market. Competitive scenarios of the top players in the North American heat exchangers market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are profiled in this market report. Some of the key manufacturers of heat exchangers are Tranter, Inc. (U.S.), Xylem Inc. (U.S.), API Heat Transfer (U.S.), Modine Manufacturing Company (U.S.), and SPX Corporation (U.S.), and others.


Scope of the report:
This research report categorizes the global market for heat exchangers on the basis of types, applications, and geography; forecasting revenues and analyzing trends in each of the submarkets.

On the basis of type:
The heat exchanger market is segmented on the basis of types such as shell & tube, plate & frame, air-cooled, and printed circuit. Each type is further described in detail in the report with the revenue forecasts.

On the basis of application: 
The heat exchanger market is segmented on the basis of industry applications such as chemical processing, petrochemical and oil & gas, food & beverage, HVAC & Refrigeration, pulp paper, and power generation amongst the others. Each application is further described in detail in the report with the revenue forecasts.

On the basis of geography: 
North America, Europe, Asia-Pacific, and ROW and the key countries in every region.


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