Global Regenerative Heat Exchangers Market

Regenerative Heat Exchangers Market Size, Share, Growth Analysis, By Application(Chemicals, Oil & Gas), By Type(Shell & Tube, Plate), By Raw material(Steel, copper) - Industry Forecast 2024-2031

Report ID: SQMIG55F2007 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 94 | Figures: 75

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Regenerative Heat Exchangers Market size was valued at USD 2.82 billion in 2019 and is poised to grow from USD 2.95 billion in 2023 to USD 4.19 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

Competition in the Regenerative Heat Exchangers market is expected to increase during the forecast period because new players are expected to enter in the market and the number of devices compatible with Regenerative Heat Exchangers will also increase. Currently, only few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Alfa Laval AB', 'Kelvion Holding GmbH', 'Danfoss A/S', 'Xylem Inc.', 'GEA Group Aktiengesellschaft', 'SWEP International AB', 'HRS Heat Exchangers Ltd.', 'API Heat Transfer Inc.', 'Koch Heat Transfer Company LP', 'Johnson Controls International plc', 'Chart Industries Inc.', 'SPX Flow Inc.', 'Tranter Inc.', 'Güntner GmbH & Co. KG', 'Hisaka Works Ltd.', 'Sondex A/S', 'DRS Technologies Inc.', 'Barriquand Technologies Thermiques', 'Air Products and Chemicals Inc.'

Manufacturing, commercial and industrial projects across the globe have contributed to the overall expansion of the heat exchanger market. Rapid industrialisation in the developing economies of Asia Pacific regions such as China and India has led to the increasing investments along with it, increasing raw materials low cost labors are expected to boost the demand of heat exchanger. Moreover, in countries like Japan and India, there is increased demand for chemical, HVACR, petrochemical, oil and gas industry and several government initiatives for the development of thermal and solar energy which has led to the demand of regenerative heat exchanges.

The increasing reliance of the world on nuclear energy is helping the growth of the heat exchangers market.Rapid rise in the use of heat exchanger in nuclear reactor upgradation of existing nuclear plants and proposed nuclear power plant projects are the key opportunities for the players in the regenerative heat exchanger market.Regenerative heat exchangers play a vital role on the overall efficiency and power output of a nuclear power plant, therefore the rising use of nuclear power plant.Will help in boosting the heat exchanger market.

Globally, North America is estimated to hold the highest Regenerative Heat Exchangers market share. Main factors during this growth period is the presence of top market players and others.

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