Market revenue in 2023 | USD 1,431.4 million |
Market revenue in 2030 | USD 2,104.7 million |
Growth rate | 5.7% (CAGR from 2023 to 2030) |
Largest segment | Shell & tube |
Fastest growing segment | Plate & Frame |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Plate & Frame, Shell & Tube, Air-cooled |
Key market players worldwide | Alfa Laval AB, Danfoss A/S, Kelvion, Xylem Inc, API Heat Transfer, Mersen SA, Hisaka Works, Chart Industries Inc, Johnson Controls International PLC, HRS Heat Exchangers, SPX Technologies Inc, Koch Industries, Southern Co, Güntner, FUNKE |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat exchangers market will help companies and investors design strategic landscapes.
Shell & tube was the largest segment with a revenue share of 35.14% in 2023. Horizon Databook has segmented the Latin America heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The market offers tremendous potential and opportunities in the field of heat exchangers. Most of the Central & South American countries, such as Brazil, Colombia, Argentina, and Venezuela, with large current account deficit, are reeling from volatility in their regional markets brought about by the BREXIT crisis.
A fall in investor confidence is likely to prevent oil prices from recovering and this factor is anticipated to affect exports and fiscal revenue in oil producing economies such as Ecuador, Colombia, and Venezuela.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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