Welded Plate And Block Heat Exchanger Market 2025 Global Industry Trends, Growth, Share, Size And Upcoming Challenges Welded Plate And Block Heat Exchanger Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The global Welded Plate And Block Heat Exchanger Market size is likely to touch USD 1.2 billion by the end of 2025. The market is predicted to witness 5.9% CAGR from 2019 to 2025, as reported by Million Insights in its new report. Increasing demand for welded plate heat exchangers in power generation, petrochemicals, HVAC and refrigeration, and food & beverages industry, particularly in emerging regions is driving the product demand. In industrial machinery, welded plate heat exchangers are used in enhancing the efficiency of heat transfer. Further, increasing demand for thermal management facility that occupies low space is gaining traction, thereby attributing to the growth of the market.
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By end-use segment, HVAC and refrigeration category is predicted to occupy the largest share in the market from 2019 to 2025. It is estimated that the segment would account for USD 276.1 million by the end of 2025. The rise in consumer spending coupled with growing use in thermal management systems in both commercial and residential application is driving the segment growth.