Heat Exchangers :
A Heat exchanger is a system that transfers heat between a source and a working fluid. They are used in various applications like refrigeration, air conditioning, power stations, chemical plants, natural-gas processing, data centres etc.- Power Generation Plants: Thermal and nuclear power plants heavily depend on heat exchangers to heat water into steam, condense steam back into water, and manage water temperatures throughout the power generation cycle. This is crucial for optimizing energy efficiency.
Heat Exchangers market in India:
Increasing Demand for Energy Efficiency: With growing energy costs and environmental concerns, there's a strong emphasis on energy efficiency across industries in India.Localization and "Make in India" Initiative: The Indian government's "Make in India" initiative is encouraging domestic manufacturing of various industrial equipment, including heat exchangers. This is leading to increased investment in local production capabilities and a reduction in reliance on imports.