Global heat exchanger market is expected to grow with an impressive CAGR in the forecast period of 2023-2027. The market for heat exchanger is growing on the account of increasing usage of heat exchanger in oil and gas industries. Moreover, the device is employed in various factories with purpose pertaining to industrial applications in steam power plant, chemical processing plants, building heat, etc. Since these industries and their production is increasing so is the demand for heat exchangers in these industries. Thus, driving the growth of global heat exchanger market in the upcoming five years. Global heat exchanger market is segmented by product type, material, end-user, and regional distribution. Based on product type the market is further fragmented into plate & frame, shell & tube, and air cooled. Plate and frame sub-segment are further categorized into brazed, gasketed, and welded type of heat exchanger. Shell & tube type of heat exchangers are expected to continue its dominance in the market because of its cost-effectiveness over its counterparts in the market. Moreover, this type of heat exchanger is easily applicable even in high operating temperature and pressure thereby fueling the demand for the global heat exchanger market. Some of the major competitors in the market are ALFA Laval AB, GEA Group Aktiengesellschaft, Xylem Incorporated, SPX Corporation, Danfoss, Hamon & Cie (International) SA, Modine Manufacturing Company, FUNKE Wärmeaustauscher Apparatebau GmbH, Sondex Holding, API Heat Transfer Incorporated, among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7283 For More Information Visit: https://www.techsciresearch.com/report/heat-exchanger-market/7283.html