Heat Exchangers Market in North America 2023

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. The heat exchangers market in North America is projected to rise by USD 1.4 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 5.2 percent during the forecast period.

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

The North America heat exchangers market is highly competitive. The prominent players operating in the North America heat exchangers market include 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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