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Europe Heat Exchanger Market Analysis
- Report ID: GMI9802
- Published Date: Jun 2024
- Report Format: PDF
Europe Heat Exchanger Market Analysis
Shell & tube heat exchanger market is set to surpass USD 3.5 billion by 2032. Rising demand for these units across various applications including chemical, oil & gas, food & beverages among others, combined with increased emphasis on energy efficiency has augmented the product demand. Accelerating investments across manufacturing, and industrial projects along with increasing significance of operations for specialty chemicals, will influence the industry outlook.
Central heating & refrigeration application is anticipated to observe over 7% CAGR through 2032. Significant shift toward the use of improved heat exchanger technology accommodating low-global warming potential refrigerants and comply with strict environmental regulations will positively influence the business scenario. Stringent regulatory mandates for heating & cooling across commercial and industrial operations, combined with inclination toward energy efficiency and the integration of digital technologies to enhance overall climate control in various facilities, will influence the industry outlook.
Germany heat exchanger market likely to exceed USD 2.4 billion by 2032. Favorable, government programs aimed at promoting industrial sustainability and introduction of Industry 4.0, including automation, and digital technologies in manufacturing processes, will positively influence the industry landscape. Moreover, growing demand for energy-efficient central heating and cooling systems in building infrastructure owing to rapidly growing industrialization and urban expansion, which has expedited construction, further proliferating the business dynamics.
The UK heat exchanger market is anticipated to grow owing to rising demand for and efficient heating & cooling solutions along with nation’s ambitious net-zero targets are pushing industries towards adoption of energy-efficient solutions. Moreover, stringent environmental regulations, infrastructure upgradation, and ongoing technological advancements across heat exchanger technology is propelling the industry outlook.
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Europe Heat Exchanger Market Scope
