The global heat exchangers market was valued $12.61 billion in 2015 and is projected to reach $20.12 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent from 2016 to 2022, according to Heat Exchangers Market Report published by Allied Market Research. The shell and tube heat exchanger segment held approximately one-fourth of the total market share in 2015.
The global heat exchanger market is expected to reach an estimated $21.3 billion by 2022, and it is forecast to grow at a compound annual growth rate (CAGR) of 6.1 percent from 2017 to 2022, according to a report published by Lucintel. The major drivers of growth for this market are a rise in HVACR deployments, rapid industrialization, and stringent environmental regulations.
The global market for heat exchangers is forecast to grow from $12.94 billion in 2016 to $19.14 billion by 2021, growing at a compound annual growth rate (CAGR) of 8.2 percent, according to a report published by MarketsandMarkets.
The global shell and tube heat exchangers market is forecast to grow from $5.29 billion in 2015 to $7.05 billion by 2020, at a compound annual growth rate (CAGR) of 4.98 percent, according to a new report published by MarketsandMarkets.
The global heat exchangers market was valued at $14.1 billion in 2014, and it is forecast to grow at a compound annual growth rate (CAGR) of 6.5 percent from 2015 to 2020, according to a report from P&S Market Research.
The North American heat exchangers market was valued at $4 billion in 2014 and is estimated to reach $5.5 billion by 2019, growing at a compound annual growth rate (CAGR) of 6.4 percent from 2014 to 2019, according to a report from MicroMarket Monitor.
Global heat exchanger market revenues are forecast to grow at a compound annual growth rate (CAGR) of 9 percent from 2014 to 2019, according to a new report by TechSci Research. The market is expected to be driven by growing industrialization across the globe and increasing demand from developing economies.
Research analyst Global Industry Analysts Inc. (GIA) is estimating that the global market for heat exchangers is projected to reach $20.8 billion by 2018.