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==Current market and forecast== Estimated at US$17.5 billion in 2021, the global demand of heat exchangers is expected to experience robust growth of about 5% annually over the next years. The market value is expected to reach US$27 billion by 2030. With an expanding desire for environmentally friendly options and increased development of offices, retail sectors, and public buildings, market expansion is due to grow.<ref>{{Cite press release |date=2022-07-06 |title=Heat Exchanger Market Size is projected to reach USD 27 Billion by 2030, growing at a CAGR of 5%: Straits Research |url=https://www.globenewswire.com/news-release/2022/07/06/2475344/0/en/Heat-Exchanger-Market-Size-is-projected-to-reach-USD-27-Billion-by-2030-growing-at-a-CAGR-of-5-Straits-Research.html |access-date=2022-07-15 |website=GlobeNewswire News Room |language=en}}</ref>
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