What is the breakup of the Latin America heat exchanger market based on the type?

Based on the type, the Latin America heat exchanger market can be categorized into shell & tube, plate & frame, air cooled, and others. Among these, shell and tube currently exhibit a clear dominance in the market.

What is the breakup of the Latin America heat exchanger market based on the end use industry?

Based on the end use industry, the Latin America heat exchanger market can be bifurcated into chemical, petrochemical and oil & gas, HVAC and refrigeration, food & beverage, power generation, paper & pulp, and others. Among these, the chemical industry currently accounts for the majority of the total market share.

Latin America Heat Exchanger Market Share, Size, Growth, Opportunity and Forecast 2022-2027

Latin America Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3325

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Market Overview:

The Latin America heat exchanger market size reached US$ 1.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027.

Heat exchangers are utilized to transfer heat between two or more liquids and control the temperature of a system or substance. These devices are made up of hot and cold streams, which are employed to transport thermal energy among the streams. They produce relatively less pollution and use less energy than their counterparts. As a result, they find application in automotive radiators, air conditioning systems and sewage treatments across the Latin American region.

The increasing refurbishment programs of conventional power units, refineries and chemical processing plants represents one of the key factors bolstering the heat exchangers market in the Latin American region. Apart from this, rising investments by governments of several countries, including Chile, Mexico, Brazil and Argentina, for the development of the state-of-the-art power generation infrastructure are positively influencing the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America heat exchanger market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, material and end use industry.

Breakup by Type:

Shell & Tube
Plate & Frame
Air Cooled
Others

Breakup by Material:

Carbon Steel
Stainless Steel
Nickel
Others

Breakup by End Use Industry:

Chemical
Petrochemical and Oil & Gas
HVAC and Refrigeration
Food & Beverage
Power Generation
Paper & Pulp
Others

Breakup by Country:

Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
Segment Coverage	Type, Material, End Use Industry, Country
Countries Covered	Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Latin America heat exchanger market was valued at US$ 1.0 Billion in 2021.

We expect the Latin America heat exchanger market to exhibit a CAGR of 5.1% during 2022-2027.

The extensive utilization of heat exchangers in automotive radiators, air conditioning systems, and sewage treatment equipment, to control harmful emissions and improve energy efficiency, is currently driving the Latin America heat exchanger market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across Latin America resulting in the temporary closure of numerous manufacturing units for heat exchanger units.

Based on the type, the Latin America heat exchanger market can be categorized into shell & tube, plate & frame, air cooled, and others. Among these, shell and tube currently exhibit a clear dominance in the market.

Based on the material, the Latin America heat exchanger market has been segmented into carbon steel, stainless steel, nickel, and others. Currently, stainless steel represents the largest market share.

Based on the end use industry, the Latin America heat exchanger market can be bifurcated into chemical, petrochemical and oil & gas, HVAC and refrigeration, food & beverage, power generation, paper & pulp, and others. Among these, the chemical industry currently accounts for the majority of the total market share.

On a regional level, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others, where Brazil currently dominates the market.

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