Heat Exchanger Market Size Worth US$ 25.35 billion By 2027 researchcmfe.com

The Heat Exchanger Market was estimated at USD 16.48 billion in the year 2020, and is expected to reach USD 25.35 billion by 2027. The market is growing with a CAGR of 6.3%, during the forecast period (2017-2027). The rapidly increasing power production combined with growing adoption of renewable resources, such as solar and wind are the major factors driving the heat exchanger market growth.