Heat Exchangers Market in North America

Heat exchangers are devices that transfer heat from one fluid to another, without the fluids coming into direct contact with each other. They are commonly used in a variety of industrial applications, such as power generation, chemical processing, and HVAC systems. Heat exchangers work by creating a barrier between the two fluids, allowing heat to be transferred from the hotter fluid to the cooler fluid. This is typically accomplished using a series of plates or tubes, which provide a large surface area for heat transfer to occur. According to the latest data, the market size of the heat exchangers industry in North America is expected to rise by USD 1.4 billion with a CAGR of 5.2% by the end of 2029.

This industry report offers market estimates of the North America market, followed by a detailed analysis of the product type, end user, and country. The North America market data on heat exchangers can be segmented by product type: air-cooled, all-welded plate, brazed plate, cooling tower systems, gasketed plate and frame, shell and tube. The cooling tower systems segment held the largest share of the North America heat exchangers market in 2022 and is anticipated to hold its share during the forecast period. 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. In North America, the power generation segment made up the largest share of the heat exchangers market. Based on country, the heat exchangers market is segmented into: USA, Canada. USA was the largest contributor to the North America heat exchangers market in 2022.

The North America 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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Heat Exchangers Market in North America

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Heat Exchangers Market in North America - Report Scope
REPORT ATTRIBUTE

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Base Year

2022

Forecast Year

2023-2029

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