Brazed plate heat exchangers market is likely to witness an impressive CAGR of 6.5% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
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Brazed plate heat exchangers market is likely to witness an impressive CAGR of 6.5% during the forecast period. The prime factor that is contributing to the demand for brazed plate heat exchangers is mainly the increasing usage of HVACr systems in the global construction sector.
Europe is estimated to be the largest brazed plate heat exchangers market during the forecast period, owing to the large industrial base in this region. The growth of the market is driven by the presence of a large number of brazed plate heat exchanger manufacturers, growth of the HVACr end-use industry, which is generating huge demand for brazed plate heat exchangers in the European region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Report Scope & Market Segmentation
Brazed Plate Heat Exchangers Market Share: By End-Use Industry Type
Based on the end-use industry type, the brazed plate heat exchangers market is segmented as HVACr, chemical, food & beverages, power, heavy industries, and others. The HVACr industry is expected to remain the fastest-growing segment of the market, owing to increase in demand from the global construction sector. Further, the construction sector is growing due to increase in globalization, urbanization, rising standard of living, increasing purchasing power of parity (PPP), infrastructural development, and increasing need for construction of megacities in emerging countries, which in turn, is propelling the growth of the segment during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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