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The Latin America heat exchanger market is currently witnessing moderate growth. 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. However, the manufacturing units of various players have been severely disrupted due to the coronavirus disease (COVID-19) outbreak and the implementation of lockdown restrictions in different countries. This has impacted the market growth negatively, but it will witness normalcy once lockdown restrictions are uplifted. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America heat exchanger market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, material and end use industry.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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