Heat Exchanger Market Set to Grow to US$ 29.1 Billion by 2032, Driven by Renewable Energy and Data Center Demand
The global heat exchanger market size reached US$ 18.5 billion in 2023.
- The global heat exchanger market size reached US$ 18.5 billion in 2023.
- The market is projected to reach US$ 29.1 billion by 2032, exhibiting a growth rate (CAGR) of 5.18% during 2023-2032.
- Buoyed by a surge in the adoption of energy-efficient systems and regulatory push towards sustainability, the Heat Exchanger market is receiving impetus from multiple industry sectors.
- The European region is distinguished by significant investments in renewable energy, augmented data center infrastructure, and a thriving automotive sector, all contributing to its dominant position in the global heat exchanger market.