Welded Plate And Block Heat Exchangers Market Is Estimated To Expand Further At A CAGR Of 5.90% Over The Forecast Period
Welded Plate And Block Heat Exchangers Industry Overview The global welded plate and block heat exchangers market size was valued at USD 831.4 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2019 to 2025. The global market is expected to witness significant growth on account of rising product demand from various end-use industries including HVAC and refrigeration, food & beverages, petrochemicals, and power generation, among others. HVAC & refrigeration end-use segment dominated the market in 2018 owing to the increasing consumer spending coupled with growing demand for thermal management in residential and commercial establishments. Gather more insights about the market drivers, restrains and growth of the Welded Plate And Block Heat Exchangers Market Rising demand from power generation sector is resulting in the expansion of energy infrastructure, which is expected to drive the growth of the market over the forecast per...