The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The United States heat exchanger market is currently witnessing moderate growth. Heat exchangers are devices utilized for transferring heat from one fluid to another and controlling the temperature of a substance or a system. These devices comprise streams of hot and cold liquids that are used to transfer thermal energy. As they enable the efficient functioning of machines and engines, they find extensive application in refrigerators, furnaces, sewage treatments, air conditioning systems, boilers and automotive radiators across the United States.
The United States represents one of the largest markets for heat exchangers. This can be accredited to the burgeoning oil and gas industry, along with the growing number of exploration and production (E&P) activities being undertaken in the country. Furthermore, the escalating demand for heat exchangers in industrial and commercial sectors is strengthening the growth of the market. Apart from this, heat exchangers also find application in chemical plants, which can be attributed to the varying temperature requirements of streams in different processes. Other factors fueling the market growth include the installation of superficial heat exchangers to upgrade the existing power units and minimize carbon emissions. However, the coronavirus disease (COVID-19) outbreak has disrupted manufacturing operations and impacted the supply chain across the country. This has negatively affected market growth, but once the vaccination is introduced and COVID-19 cases subside, the demand for heat exchangers will witness growth. 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 United States 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.
Breakup by Type:
Breakup by Material:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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