Heat Exchanger Market Size in India 2023-2028: Share, Top Manufacturers & Companies, Analysis, Research Report - openPR

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India Heat Exchanger Market 2023-2028

According to the latest report by IMARC Group, titled "India Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the India heat exchanger market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India heat exchanger market size reached US$ 758 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,138 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

A heat exchanger is a device specifically designed to transfer heat energy from one medium to another. It is also known as a heat transfer device or heat transfer equipment, as it can be utilized to transfer heat from one fluid to another, or from one solid material to another. It is typically constructed using a variety of materials, including metals, alloys, ceramics, and plastics. Additionally, it can be used in several applications, such as cooling, refrigeration, and air conditioning systems to cool and condense liquids, as well as to heat and evaporate liquids. Some of the common types of heat exchangers are the shell and tube heat exchanger, which consist of a series of tubes or channels arranged in a shell.

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Market Trends and Drivers:

The rising demand for heat exchangers from the industrial sector majorly drives the market in India. This can be supported by the growing product utilization in various applications, such as space heating, air conditioning, power generation, chemical processing, food processing, and industrial manufacturing. Since heat exchangers exhibit corrosion and vibration resistance, and acoustic insulation, making them an essential component in many industrial systems, this is positively influencing the market. In addition, the widespread adoption of heat exchangers in specialty applications, including hot water systems, exhaust gas recirculation systems, and waste heat recovery systems, is impacting the market favorably. Moreover, the emergence of renewable energy, including solar thermal and geothermal energy, is creating a positive market outlook.

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Key Market Segmentation:

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:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group

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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

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Heat Exchanger Market Size in India 2023-2028: Share, Top Manufacturers & Companies, Analysis, Research Report - openPR
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