Home > Industrial Machinery > Industrial Equipment > Heat Exchangers > Heat Exchanger Market
Heat Exchanger Market Size
- Report ID: GMI3169
- Published Date: Jan 2024
- Report Format: PDF
Heat Exchanger Market Size
Heat Exchanger Market was valued at USD 16.1 billion in 2023 and is likely to showcase CAGR of 8.4% between 2024 and 2032, on account of mounting investments across heavy-duty industrial operations coupled with growing energy consumption across heating & cooling systems in building infrastructure. For instance, as per the data by the European Union, heating & cooling constitutes for about half of the total energy consumption within the EU.
Growing setup of new chemical & petrochemical facilities along with the discovery of new conventional & unconventional hydrocarbon reserves across different geographies will unveil new opportunities for heat exchanger industry expansion. In addition, continuous innovations & product advancements by the key industry participants to boost the operational capabilities & flexibility of heat exchanger units will play a pivotal role in shaping the industry dynamics.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Heat Exchanger Market Size in 2023: | USD 16.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.4% |
| 2032 Value Projection: | USD 33 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 430 |
| Tables, Charts & Figures: | 430 |
| Segments covered: | Technology, Application, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Heat Exchanger Market Scope
