Global Heat Interface Unit Market to Reach $664.1 Million by 2027
Amid the COVID-19 crisis, the global market for Heat Interface Unit estimated at US$423.2 Million in the year 2020, is projected to reach a revised size of US$664.1 Million by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027. Heat Exchangers, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$198.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Controllers segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $114.5 Million, While China is Forecast to Grow at 10.1% CAGR
The Heat Interface Unit market in the U.S. is estimated at US$114.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$143.4 Million by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Pumps Segment to Record 7.1% CAGR
In the global Pumps segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$67 Million in the year 2020 will reach a projected size of US$104.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$90.6 Million by the year 2027, while Latin America will expand at a 8.4% CAGR through the analysis period.
Select Competitors (Total 38 Featured):
Amid the COVID-19 crisis, the global market for Heat Interface Unit estimated at US$423.2 Million in the year 2020, is projected to reach a revised size of US$664.1 Million by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027. Heat Exchangers, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$198.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Controllers segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $114.5 Million, While China is Forecast to Grow at 10.1% CAGR
The Heat Interface Unit market in the U.S. is estimated at US$114.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$143.4 Million by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Pumps Segment to Record 7.1% CAGR
In the global Pumps segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$67 Million in the year 2020 will reach a projected size of US$104.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$90.6 Million by the year 2027, while Latin America will expand at a 8.4% CAGR through the analysis period.
Select Competitors (Total 38 Featured):
- Alfa Laval AB
- Bosch Thermotechnology
- Caleffi SpA
- COMAP International
- Danfoss A/S
- Docherty Group
- Dutypoint Ltd
- Elco Heating Solutions
- Elson Hot Water
- Emmeti SpA
- Essco Controls Ltd.
- Evinox Energy Ltd.
- Giacomini SpA
- Heatrae Sadia
- Honeywell International, Inc.
- Intatec Limited
- Johnson & Starley Ltd.
- KaMo GmbH
- Kingspan Group PLC
- Kvm-Conheat
- Reliance Worldwide Corporation Limited
- Rhico Ltd.
- S. A. Armstrong Limited
- Stokvis Industrial Boilers (International) Ltd.
- Thermal Integration Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Product Overview
- Heat Interface Unit: A Prelude
- Impact of Covid-19 and a Looming Global Recession
- Innovations in Heat Interface Unit Industry
- Challenges
- UK Regulations of Heat Interface Unit
IV. COMPETITION
- Total Companies Profiled: 38
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