What is the breakup of the United States heat exchanger market based on the type?

<p>Based on the type, the United States heat exchanger market can be divided into shell &amp; tube, plate &amp; frame, air cooled, and others. Currently, shell &amp; tube exhibits a clear dominance in the market.</p>

What is the breakup of the United States heat exchanger market based on the end use industry?

<p>Based on the end use industry, the United States heat exchanger market can be segmented into chemical, petrochemical and oil &amp; gas, HVAC and refrigeration, food &amp; beverage, power generation, paper &amp; pulp, and others. Currently, the chemical industry represents the largest market share.</p>

United States Heat Exchanger Market Size, Share and Forecast 2022-2027

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

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Market Overview:

The United States heat exchanger market is expected to exhibit a CAGR of 5.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

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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.

Key Market Segmentation:

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

Breakup by Type:

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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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Million
Segment Coverage	Type, Material, End Use Industry, Region
Region Covered	Northeast, Midwest, South, West
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 United States heat exchanger market was valued at US$ 3.22 Billion in 2021.

We expect the United States heat exchanger market to exhibit a CAGR of 5.50% during 2022-2027.

The extensive utilization of heat exchangers in boilers, furnaces, refrigerators, automotive radiators, sewage treatment, and air conditioning systems, is currently driving the United States heat exchanger market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the United States resulting in temporary closure of numerous manufacturing units of heat exchangers.

Based on the type, the United States heat exchanger market can be divided into shell & tube, plate & frame, air cooled, and others. Currently, shell & tube exhibits a clear dominance in the market.

Based on the material, the United States heat exchanger market has been bifurcated into carbon steel, stainless steel, nickel, and others. Among these, stainless steel holds the majority of the total market share.

Based on the end use industry, the United States heat exchanger market can be segmented into chemical, petrochemical and oil & gas, HVAC and refrigeration, food & beverage, power generation, paper & pulp, and others. Currently, the chemical industry represents the largest market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West, where South currently dominates the market.

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