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 $22.5 billion in 2023 at a CAGR of 7% from 2024 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.
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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.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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