Heat Exchangers Market in Asia Pacific 2023

Heat Exchangers Market in Asia Pacific 2023

Heat exchangers are used to transfer heat from one fluid to another, which can help improve energy efficiency in a variety of applications. For example, in a power plant, a heat exchanger can be used to capture waste heat from the exhaust gases and use it to preheat the water going into the boiler, reducing the amount of fuel needed to generate electricity. In many industrial processes, tight temperature control is critical to ensure consistent product quality and prevent equipment damage. Heat exchangers can be used to control the temperature of fluids in a process, ensuring that they remain within a narrow range. The heat exchangers in Asia Pacific market size is projected to grow by USD 2.2 billion from 2023 to 2029, registering a CAGR of 6.2 percent, according to the latest market data.

This industry report offers market estimates of the Asia Pacific market, followed by a detailed analysis of the product, end user, and country. The Asia Pacific market data on heat exchangers can be segmented by product: air-cooled, all-welded plate, brazed plate, cooling tower systems, gasketed plate and frame, shell and tube. The cooling tower systems segment is estimated to account for the largest share of the heat exchangers market in Asia Pacific. Heat exchangers market is further segmented by end user: chemicals and petrochemicals, food and beverages, HVAC and refrigeration, marine, mining, oil and gas, pharmaceuticals, power generation, water and wastewater treatment, others. The chemicals and petrochemicals segment held the largest revenue share in 2022. Based on country, the heat exchangers market is segmented into: China, Japan, India, South Korea, Australia, Rest of Asia Pacific.

The Asia Pacific heat exchangers market is highly competitive. The report also includes the profiles of leading companies such as Alfa Laval AB, API Heat Transfer Inc., BALCKE-DURR GmbH (Mutares SE & Co. KGaA), Baltimore Aircoil Company, Boyd Corporation, Chart Industries Inc., Danfoss A/S, Graham Corporation, Hamon & Cie (International) SA, HISAKA WORKS LTD., Kelvion Holding GmbH, Paharpur Cooling Towers Private Limited, Paul Mueller Company, REYMSA Cooling Towers Inc., SPX FLOW Inc. , Swep International A.B., Vahterus Oy, Xylem Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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