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Europe Heat Exchanger Market Size

Report ID: GMI9802
Published Date: Jun 2024
Report Format: PDF

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Europe Heat Exchanger Market Size

Europe Heat Exchanger Market was valued at USD 5.7 billion in 2023 and is set to observe 7.8% CAGR from 2024 to 2032. Rising energy demands for heating & cooling systems in building infrastructure and increasing investments across heavy-duty industrial operations are driving the industry growth.

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For instance, implementation of the European Green Deal requires a significant amount of investment, around USD 563 billion (EUR 520 billion) per year from 2021 to 2030. Additional expenditures of around EUR 92 billion required to increase EU's capacity to manufacture net-zero technologies from 2023 to 2030. Shifting focus toward efficient climate control solutions and expanding industrial operations, elevated the need for robust and reliable systems, further complementing the business outlook.

Europe Heat Exchanger Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Heat Exchanger Market Size in 2023:	USD 5.7 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.8%
2032 Value Projection:	USD 11.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	35
Segments covered:	Technology, Application and Country
Growth Drivers:	Accelerating investments across industrial infrastructure Introduction of emission standards and growing adoption of energy efficient technologies
Pitfalls & Challenges:	Significant associated cost and maintenance requirements

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Europe market for heat exchanger was crossed USD 5.7 billion in 2023 and is set to observe 7.8% CAGR through 2032, due to rising energy demands for heating & cooling systems in building infrastructure and increasing investments across heavy-duty industrial operations.

Europe shell & tube heat exchanger market is set to surpass USD 3.5 billion by 2032, due to rising demand for these units across various applications including chemical, oil & gas, and food & beverages among others.

Germany heat exchanger industry size will exceed USD 2.4 billion by 2032, due to favorable, government programs aimed at promoting industrial sustainability and introduction of Industry 4.0, including automation, and digital technologies in manufacturing processes.

ALFA LAVAL, AMI Exchangers Ltd, Anthermo GmbH, APEX Heat Transfer, API Heat Transfer, Bronswerk, Danfoss, ECOTHERM Austria GmbH, FUNKE Wärmeaustauscher Apparatebau GmbH, and HRS Heat Exchangers.