Growing Demand for Thermal Storage Systems Coupled with Rising Cooling & Heating Needs Propel Demand for Heat Exchangers to Reach $26 Billion by 2025 - Market Research Report (2019-2025) by Industry Experts, Inc.
Industry Experts, Inc. unveiled the global market research report on Heat Exchangers. The new report " Heat Exchangers – A Global Market Overview " reveals that the Chemical industry is the largest end-user of Heat Exchangers and the industry is projected to be the fastest growing end-user with the robust CAGR of 8.2% during the period 2019-2025. The recent past has witnessed significant developments in the global heat exchangers market . The environment-friendly and energy efficient properties of these devices have made them an indispensable component of several industrial applications. Increasing prices of energy have resulted in growing demand for heat exchangers and these devices play a key role in saving energy in many industries, such as chemical, petrochemical, petroleum refining and power. While Tabular Heat Exchangers market account for the Lion’s share of over 50% of global Heat Exchangers market, Plate Type Heat Exchangers market is poised to post the fastest