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Heat Exchanger Market : Key Trends and Opportunities | Straits Research

HVAC systems are utilised in homes, businesses, and factories. State and federal restrictions influence the construction-related industry. According to International Renewable Energy Agency figures, cooling is catching up in the food and pharmaceutical industries, while building heating is still greater worldwide (IRENA). Mobile apps that let building managers operate HVAC systems from one place are propelling the HVAC business in the future years. Intelligent thermosets, which can detect motion, temperature, and humidity and interface with Alexa and Google Home, are likely to grow the HVAC market over the projection period.

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The global heat exchanger market was worth USD 17.5 billion in 2021 and is predicted to reach USD 27 billion by 2030, increasing at 5% CAGR (2022-203

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