The report “Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Energy, HVACR, Food & Beverage, Power, Paper & Pulp), Material (Metals, Alloys and Brazing Clad), and Region – Global Forecast to 2028″, is projected to reach USD 29.0 billion by 2028, at a CAGR of 7.1% from USD 20.5 billion in 2023.
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• 343 Market data Tables
• 48 Figures
• 314 Pages and in-depth TOC on “Heat Exchangers Market – Global Forecast to 2028″
Some of the prominent key players are:
· ALFA LAVAL (Sweden)
· Kelvion Holding GmbH (Germany)
· Danfoss (Denmark)
· Exchanger Industries Limited (Canada)
· Mersen (France)
· API Heat Transfer (US)
· BOYD Corporation (US)
· Johnson Controls (Ireland)
· Wabtec Corporation (US)
· XYLEM (US)
· H. Güntner (UK) Limited (Germany)
Opportunity: Increasing number of nuclear power plants
According to the World Nuclear Association, in 2021, there are 443 nuclear power reactors in operation around the world, with a total installed capacity of 392.4 GW. The increasing number of power plants around the world presents a growing opportunity for the heat exchanger market. Heat exchangers play a critical role in power generation by transferring heat between different mediums, such as water, steam, and gases. As the demand for electricity continues to rise globally, the construction of new power plants, upgrades to existing plants, and expansion of renewable energy sources create a significant demand for heat exchangers.