United States Heat Exchanger Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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).

Key Market Segmentation:

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:

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 Region:

Northeast
Midwest
South
West

Competitive Landscape:

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

Key Questions Answered in This Report:

How has the United States heat exchanger market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States heat exchanger market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the material?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States heat exchanger market and who are the key players?
What is the degree of competition in the industry?