There is an increasing demand for heat exchangers from chemical, HVACR, petrochemical, and oil & gas industries across the globe. Rapid industrialization in developing nations is expected to boost the demand for heat exchangers. In Asia Pacific, there is an increasing demand for heat exchangers due to growing manufacturing, commercial, and industrial projects in the region. Increasing investments in power plants in developing countries across the globe is also contributing to the overall expansion of the market.
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