The global Heat Exchanger Market is estimated to be valued at US$ 18849.18 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Heat exchangers are devices built to transfer heat from one medium to another medium at a different temperature. The main uses of heat exchangers are applications like heating, ... Read more
Heat exchangers are devices that transfer heat between fluids without direct contact and are utilized in a wide range of industries including power generation, chemical processing, petrochemicals, HVAC, and oil & gas. They help enhance energy efficiency by recovering and reusing waste heat. The rising demand for efficient systems and stringent regulations to curb carbon emissions are driving more companies to adopt heat recovery solutions.
The heat exchanger market refers to equipment that transfers heat between two or more fluids without physical contact. The core function of heat exchangers is to transfer heat from a hot fluid to a cold fluid. Some common types of heat exchangers include shell and tube heat exchangers, air cooled heat exchangers, double pipe heat exchangers, plate heat exchangers and others. Heat exchangers find widespread applications across various industries such as chemical processing, petrochemical, oil ... Read more
