Automotive Heat Exchanger Market – Opportunities, Trends, and Analysis
The global Automotive Heat Exchanger Market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, at a CAGR of 3.5%.
Parameters such as steady growth in motor vehicle production, in conjunction with the rise in demand for HEVs and PHEVs, will upsurge the demand for automotive heat exchangers. Further, the rise in demand for battery thermal management systems, coupled...
Heat Exchangers Market – ALFA LAVAL (Sweden) and Kelvion Holding GmbH(Germany) are the Major Players
The heat exchangers market size is estimated at USD 15.6 billion in 2021 and is projected to reach USD 19.9 billion by 2026, at a CAGR of 5.0% during the forecast period. The major factors driving the market are rapid industrialization in developing countries such as India and China, owing to increasing investments in manufacturing, commercial, and industrial projects. Moreover, rising demand for...
Heat Exchanger Market – 5 Major Industry Drivers
Heat exchangers are built for effective heat transfer from two different mediums. As a result, these products are widely used across different industries including power plants, air conditioning, space heating, petroleum refineries, sewage management and many others. This equipment is one of the most inseparable parts of the chemical and petrochemical industries. New technologies and innovative applications...