The heat exchanger market is on a solid growth trajectory, with projections indicating it will expand from $19.7 billion in 2023 to $33.2 billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.4%.
The global heat exchanger market, valued at $19.7 billion in 2023, is forecasted to reach $33.2 billion by 2033, growing at a 5.4% CAGR from 2024 to 2033. Key drivers include rising industrialization, surging energy demands, and tightening regulations on energy efficiency across major sectors like chemical processing, power generation, oil and gas, HVAC, and … Read more