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Industrial Heat Exchanger Market Trends

Report ID: GMI11369
Published Date: Sep 2024
Report Format: PDF

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Industrial Heat Exchanger Market Trends

There is a growing emphasis on waste heat recovery systems that capture and reuse waste heat from industrial processes. This trend supports sustainability goals by improving overall energy efficiency and reducing greenhouse gas emissions. Increasing environmental regulations and emission standards are pushing industries to adopt more efficient and environmentally friendly heat exchangers. Compliance with regulations such as the EU’s Energy Efficiency Directive and the U.S. EPA standards drives innovation and product development. Rapid industrialization and economic growth in emerging markets, such as Asia-Pacific and Latin America, are driving demand for industrial heat exchangers. These regions are investing in infrastructure, energy, and industrial sectors, creating opportunities for market expansion.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of industrial heat exchanger was worth over USD 18.2 billion in 2023 and is anticipated to register 6.5% CAGR between 2024 and 2032, due to the growing oil and gas industry.

The shell and tube segment in the industrial heat exchanger market is set to cross USD 13.4 billion by 2032, due to their versatility and reliability.

North America industrial heat exchanger market is expected to reach USD 8.5 billion by 2032, due to strict environmental regulations and standards.

Alfa Laval, API Heat Transfer, Chart Industries, Cleveland Wire Cloth, Danfoss, GEA Group, Hamon & Cie, Hisaka Works, Kelvion, Mersen, Shell & Tube Heat Exchangers (STHE), and Sondex, among others.