Industrial Heat Exchanger Market to reach $31.9 Bn by 2032,

From GlobeNewswire: 2024-11-13 04:00:00

The industrial heat exchanger market is forecasted to exceed USD 31.9 billion by 2032 due to advancements in design and materials. Focus on waste heat recovery systems for sustainability and energy efficiency is increasing. Steel shell and tube heat exchangers are valued for their versatility and reliability, with the steel segment dominating the market at 41% in 2023. North America’s market is expected to reach USD 8.5 billion by 2032, driven by stringent environmental regulations.



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