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Heat Exchanger Market Research Report, By Type (Shell & Tube, Plate, Regenerative, Air cooled), Application (Chemicals, Oil & Gas, Power Generation, HVACR, Food & Beverages, Other), and by Region (North America, Europe, APAC, RoW) - Forecast till 2023
Market Scenario:
Heat exchange is an important unit operation that contributes to efficiency and safety of many processes. Heat transfer operations, of heat from one medium to another, holds high significance in industries such as chemicals, food, waste recovery, oil & gas, and others. Heat exchanger is a device that transfers thermal energy between one fluid to another fluid or solid surface and fluid, which are originally at different temperatures and are in thermal contact. The objectives served by heat exchangers include overheating prevention in power generation facilities, waste heat recovery, air cooling, general heat transference, and others.
Increase in demand for heat exchangers, owing to power requirement for commercial and non-commercial purposes, and increase in population and economic growth in the developing nations are some of the factors driving the market growth. Moreover, technological development in heat exchanger and growth in HVACR (Heating Ventilation Air Conditioning and Refrigeration) process equipment are pushing the market towards growth. Recent study shows that emerging trends in HVAC and its applications, have a direct impact on the dynamics of the heat exchanger industry, such as the development of waste heat recovery heat exchangers and the introduction of exhaust gas recirculation coolers. However, fluctuating prices of raw material acting as a major barrier to the growth of the heat exchanger market.


KeyWords Tag：gas to liquid heat exchanger manufacturer