The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
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:
Breakup by Material:
Breakup by End Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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)|
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
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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at