Heat Exchanger Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook has been added to Introspective Market Research.
Global Heat Exchanger Market was valued at USD 16.63 Billion in 2021 and is expected to reach USD 23.71 Billion by the year 2028, at a CAGR of 5.2%
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A device that moves heat from one medium to another of a different temperature is called an automobile heat exchanger. An exchanger typically consists of two fluids that flow in close proximity to one another. Typically, the fluids are both hot and cold. The temperature of the cold fluid rises and falls as a result of the hot fluid's transfer of heat to it. There are several uses for the automobile heat exchanger. An heat exchanger's primary job is to transfer heat between various media. Two liquids with good heat transmission qualities, such water and oil, are separated during the process. By transferring heat from a hot liquid to a cold one, the exchanger lowers the hot liquid's high temperature while increasing the warmth. Heat and steam are produced by the process.
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In addition to discussing development policies and plans, manufacturing procedures and cost structures are also analysed. Additionally, this report includes data on supply and demand, import/export consumption, cost, price, income, and gross margins. The research focuses on the world's largest, most influential market players and provides details on them, including company profiles, product specifications, prices, costs, and contacts.
Major Key Players In This Heat Exchanger Market:
- Alfa Laval AB (Sweden)
- API Heat Transfer Inc. (US)
- Danfoss(Denmark)
- General Electric Company (US)
- Hisaka Works Ltd. (Japan)
- IHI Corporation (Japan)
- Johnson Controls International PLC (US)
- Kelvion Holding GmbH (Germany)
- Koch Industries Inc. (US)
- Boyd Corporation (US)
- Mersen SA (France) Modine Manufacturing Company (US)
- Royal Hydraulics Inc. (US)
- Xylem Inc. (US)
- Aero Engineers (India)
- BMR HVAC (India)
- Exchanger Industries Limited (Canada) and Other Major Players.
Market Dynamics:
Growing inclination towards adoption of the HVAC system in high-end OHV and CV is expected to boost growth of the global heat exchanger market during the forecast period. Rise in the demand for luxury and convenience functions in vehicles is increasing due to increasing disposable income, changing buyer preference, and increase in purchasing power. For instance, in July 2020, Hyundai developed air-conditioning technology for maintaining clean air in vehicles.
However, rising demand for hybrid and electric vehicles reducing the requirement for conventional engine cooling component is expected to hamper growth of the global automotive heat exchanger market during the forecast period.
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Global Heat Exchanger Market: Segmentation
On the basis of design type, the global heat exchanger market is segmented into:
- Shell Tube Heat Exchanger
- Finned Tube Heat Exchanger
- Plate Heat Exchanger
- Others
On the basis of Material, the global heat exchanger market is segmented into:
- Stainless Steel
- Aluminium
- Copper
- Others
On the basis of geography, the global heat exchanger market is segmented into:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Impact of COVID-19:
Outbreak of COVID-19 in China has led to the spread of the disease in numerous countries across the world. Due to the outbreak of this virus, nationwide lockdown regulations were implemented in China and several other countries resulting into suspension of various activities including manufacturing, and distribution. Which negatively impacted the demand for heat exchanger, and manufacturing processes of other Automotive and Transportation products. However, declining cases of COVID-19 and relaxation in lockdown regulations is projected to support growth of the global automotive heat exchanger market.
Reasons to buy the report:
- To provide a comprehensive picture of the Heat Exchanger market, illustrative segmentation, analysis, and forecasting of the market have been undertaken based on type, offering, deployment, process, industry, and region.
- In order to offer comprehensive insights into the Heat Exchanger market, a value chain analysis has been completed.
- This study provides an in-depth analysis of the Heat Exchanger market's major drivers, restraints, opportunities, and challenges.
- The study includes important participants, a comprehensive analysis of their income streams, and a full competitive landscape of the market.
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