Heat Exchangers Market Analysis-2020
Heat exchangers market is growing rapidly and generally used by various industries, such as HVAC, chemical, petrochemical and marine to dissipate or transfer the heat produced during different operations. A wide range of heat exchangers are available in the market, according to the requirement of a particular industry.
Heat exchangers market is growing rapidly and generally used by various industries, such as HVAC, chemical, petrochemical and marine to dissipate or transfer the heat produced during different operations. A wide range of heat exchangers are available in the market, according to the requirement of a particular industry.
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Global <strong>Heat</strong> <strong>Exchangers</strong> <strong>Market</strong> is Expected to Grow with 7% CAGR During<br />
2015 – <strong>2020</strong><br />
The global heat exchangers market was valued at $14,108.8 million in 2014, and it is expected to<br />
grow with a CAGR of 6.5% during 2015 - <strong>2020</strong>. The factors driving the growth of the global market<br />
include advancement in technology and growing HVAC, petrochemical, food processing, and<br />
chemical industries. Chemical industry is the fastest growing end-user industry for heat<br />
exchangers, due to huge investment from Asia-Pacific. During the forecast period, large number of<br />
plants would come into operation that is anticipated to reap advantage of cheap natural gas for the<br />
production of ethane, a prevalent feedstock for petrochemical industry. Moreover, the demand for<br />
heat exchangers from the growing HVAC industry is increasing across the global market, due to<br />
improving infrastructure and standard of living. The oil & gas industry is driving the growth of the<br />
global heat exchangers market, due to the increasing number of gas processing facilities, LNG<br />
facilities, tankers, and other related infrastructure.<br />
Explore Report with Detailed TOC at: https://www.psmarketresearch.com/marketanalysis/heat-exchangers-market<br />
In 2014, Asia-Pacific was the fastest growing market in the global heat exchangers market. Asia-<br />
Pacific is considered as a developing economy, due to increasing industrialization in the region.<br />
With the clustering of several industries in the region, the demand for heat exchangers is<br />
increasing. Moreover, the developing infrastructure in the region has increased the demand of heat<br />
exchangers from HVAC industry. These factors are expected to boost the growth of the heat<br />
exchangers market in Asia-Pacific.<br />
The information and data in the publication “Global <strong>Heat</strong> <strong>Exchangers</strong> <strong>Market</strong> Size, Share,<br />
Development, Growth and Demand Forecast to <strong>2020</strong>”, represents the research and analysis<br />
of data from various primary and secondary sources. A bottom-up approach has been used to<br />
calculate the market size. P&S <strong>Market</strong> Research analysts and consultants interacted with leading<br />
companies of the concerned domain to substantiate every value of data presented in this report.<br />
The company bases its primary research on discussions with prominent professionals and analysts<br />
in the industry, which is followed by informed and detailed, online and offline research.<br />
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Among the various end-users, the chemical industry segment in the global heat exchangers market<br />
is expected to witness the fastest growth, a CAGR of 9.2%, during 2015 – <strong>2020</strong>.<br />
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