The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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The Europe Heat Exchangers Market is expected to grow by US$ 1.39 billion during 2020-2026, progressing at a CAGR of 5.2% during the forecast period. Germany is expected to hold the highest share in the Europe heat exchangers market, while Nordic is expected to grow at the highest CAGR during the forecast period.
This industry report offers market estimates and forecasts of the Europe market, followed by a detailed analysis of the product types, applications, and countries. The Europe market data on heat exchangers can be segmented by product types: air-cooled, all-welded plate, brazed plate, cooling tower systems, gasketed plate and frame, and shell and tube. The gasketed plate and frame segment held the largest market share in 2019
However, the brazed plate segment is expected to witness the highest CAGR during the forecast period. Heat exchangers market is further segmented by applications: chemicals, food and beverage, HVAC and refrigeration, mining, oil and gas, others, pharmaceuticals, power, and water. In 2019, the chemicals segment held the largest share of the market, and the HVAC and refrigeration segment is anticipated to register the highest CAGR during 20202026.
The study provides historical market data (2016-2019) and forecasts from 2020 till 2026. The market size and estimations are provided in terms of revenue (million USD) considering 2019 as base year and market forecast will be given from 2020 to 2026.
COVID-19 Impact Analysis
The pandemic of COVID-19 has also reduced the availability of and demand for non-COVID-19-related medical treatment. A wide range of treatments, including emergency care for acute diseases, routine check-ups, and recommended cancer screenings, are being postponed or avoided by patients. Undiagnosed illnesses and a failure to intervene early will have serious long-term health consequences. COVID-19 has accelerated a variety of existing and emerging healthcare trends, including changing consumer attitudes and habits, the convergence of life science and health care, rapid advances in digital health technologies, and new talent and care delivery models, to name a few.
The data-centric report focuses on market trends, status and outlook for segments, and future growth. With comprehensive market assessment across the major geographies such as France, Germany, Italy, Nordic, Spain, UK, and Rest of Europe the report is a valuable asset for the existing players, new entrants and the future investors.
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Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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