HEAT EXCHANGER MARKET ANALYSIS

Regional Analysis

Global Heat Exchanger Market: Regional Insights

North America is expected to witness strong growth in the global heat exchanger market during the forecast period. This can be attributed to high demand for heat exchangers driven by rise in adoption of the product in major application sectors including oil & gas, chemical and petrochemical, and power generation. Moreover, due to the industrial dynamics and commodity abundance of the countries in the region, North America has strongest and largest economy. Thus, these factors are in tern expected to support growth of the region in the global heat exchanger market during the forecast period.

Asia Pacific is also expected to show significant growth in the global heat exchanger market over the forecast period, owing to increasing investment in chemical, HVAC, and petrochemical sector in China and India. Along with this increasing Petroleum, Chemicals, and Petrochemical Investment Regions (PCPIRs) projects in India are increasing, which in turn is supporting expansion of the aforementioned sectors. Thus, the demand for heat exchangers is likely to increase in this regions, which is expected to boost growth of the market.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa