Heat exchangers are rising in prominence across industry sectors with the increasing need for heating and cooling applications. Be it about efficient use of energy or dissipation of heat, its use cases are multifarious and multiplying day by day. Heat exchanger is a crucial constituent for the power generation industry. In the past few years, the market has seen a rapid increase in terms of technological developments, growing automation and assimilating the whole value chain of the industry. Furthermore, growing urbanization as well as aggregating awareness has also fuelled the growth of heat exchanger market. Major type of heat exchanger commercially available are shell & tube heat exchanger, plate & frame heat exchangers, air-cooled heat exchangers and more.
Driven by the technological advancements and rising adoption, India heat exchangers market is anticipated to grow at a CAGR of more than 8 per cent till 2026. The growth of the India heat exchangers market is significantly driven by rapid industrialization that results in high adoption of process plant equipment, which correspondingly increases the demand for heat exchangers. Heat exchangers play an important role in the food industry, as they used for the production of fruit pulp, food paste, juices, hazel nut pastes, yoghurts, and others.
Furthermore, many industries in India have adopted high-end energy-saving heat exchangers to mitigate the issue of their loss, owing to rise in the cost of energy, which significantly drives the growth of the market. As the implementation spreads further, the competition in the market is getting tough between the manufacturers of heat exchangers.
After studying this industry segment in-depth, we have come up with the list of Top 10 Heat Exchanger Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
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