The global Heat Exchanger market size was valued at approximately USD 14.59 billion in 2022 and is predicted to reach around USD 25.71 billion by 2030, with a compound annual growth rate (CAGR) of roughly 7.1% between 2023 and 2030. Heat Exchanger Market: Overview A device that transfers heat from one medium to another is called a heat exchanger. Numerous sectors, including food and beverage, power generation, oil and gas, petrochemical, chemical, and HVACR, use heat exchangers. Heat exchanger demand is predicted to be driven by the expanding need for energy-efficient solutions across a range of industries, including power production, oil and gas, HVACR, and others. Furthermore, opportunities for heat exchanger producers are anticipated as a result of the growing emphasis on renewable energy sources and the requirement to lower greenhouse gas emissions. Nevertheless, over the projected time, the market’s expansion may be hampered by elements including the high cost … Continue reading At 7.1% CAGR, Global Heat Exchanger Market to Surpass US$ 25.71 Bn By 2030, Forecast Report By Zion Market Research