Dublin, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The "Global Heat Exchanger Market, By Product Type (Plate & Frame {Brazed, Gasketed, Welded}, Shell & Tube, Air Cooled) By Material (Carbon Steel, Stainless Steel, Nickel, and Others) By End-User, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering. The global heat exchanger market is expected to witness robust CAGR in the forecast period, 2023-2027
Factors such as increased demand from prominent industry verticals and high-end investments by market players in research activities to improve efficiency and enhance the performance of the heat exchangers are primarily driving the market demand. The global heat exchanger market is segmented into product type, material, end-user, company and regional distribution. Based on product type, the market is divided into plate & frame, shell & tube, and air-cooled.
The plate and frame sub-segment is further categorized into brazed, gasketed, and welded types of heat exchangers. Shell & tube type segment dominates the market and is expected to maintain its dominance over the next five years. It is easily operatable even in high operating temperatures and pressure and is highly cost-effective. Some of the major competitors in the market are ALFA Laval AB, GEA Group Aktiengesellschaft, Xylem Incorporated, SPX Corporation, Danfoss, Hamon & Cie (International) SA, Modine Manufacturing Company, FUNKE Warmeaustauscher Apparatebau GmbH, Sondex Holding, API Heat Transfer Incorporated, among others.
The companies are focusing on extensive research and development activities to stay competitive in the market.
Company Profiles: Detailed analysis of the major companies present in global heat exchanger market.
Years considered for this report:
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For more information about this report visit https://www.researchandmarkets.com/r/v84j0h
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