Heat Exchanger Market
11 May
Press Release

According to the latest report by IMARC Group, titled “Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global heat exchanger market size reaches strong growth in 2019. A heat exchanger is a device, which is used for transferring heat from one medium to another. It is extensively utilized in aquarium exhibits for preventing thermoregulatory stress and maintaining temperature. Other than this, it is also employed in the energy, petrochemical, automobile and aerospace industries across the globe. Nowadays, heat exchangers are available in a wide range of varieties, depending on the rate of heat transfer required.

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The increasing utilization of energy on account of rapid urbanization, growing population and boosting sales of consumer electronics represents one of the major factors driving the global heat exchanger market growth. Moreover, as they aid in increasing the fuel efficiency of an aircraft, heat exchangers are extensively employed in the aerospace industry. Furthermore, they are also utilized in chemical processing, natural gas processing, sewage treatment and petroleum refineries, which is anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market to expand at a CAGR of around 6% during 2020-2025.

Market Breakup by Material:

  • Carbon Steel
  • Stainless Steel
  • Nickel
  • Others

Market Breakup by Type:

  • Shell & Tube
  • Plate & Frame
  • Air Cooled
  • Others

Market Breakup by Application:

  • Chemical
  • Petrochemical and Oil & Gas
  • HVAC and Refrigeration
  • Food & Beverage
  • Power Generation
  • Paper & Pulp
  • Others

Ask Analyst and Download full Report with Table of contents: https://www.imarcgroup.com/heat-exchanger-market

Other Report by IMARC Group:

Mobile Anti- Malware Market Report 2020-2025
Africa Insurance Market Report 2020-2025
Japan Bike Sharing Service Market Report 2020-2025

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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This post was originally published on Stock Markets News

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IMARC Group is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.