The heat exchanger market would grow at a CAGR of 7.04% over the predicted time frame. The market is expected to increase in value from US$ 20.77 Bn in 2022 to US$ 35.8 Bn in 2030.
Key Takeaways:
- Europe market was accounted for 33.7% of the total revenue share in 2021.
- The Asia Pacific heat exchangers market is growing at a CAGR of 6.7% from 2022 to 2030.
- By product, the shell & tube segment has captured 36% of revenue share in 2021. However, the plate & frame segment is growing at a CAGR of 5.6%.
- By end use, the chemical & petrochemical segment has held 23.4% of the total market share in 2021.
- The oil & gas industry is poised to grow at a CAGR of 4.9% over the forecast period.
The on heat exchanger Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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A recent report provides crucial insights along with application based and forecast information in the Global Heat exchanger Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Heat exchanger market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Heat exchanger market are included as given below:
Heat exchanger Market Key Players
- Alfa Laval (Sweden)
- Kelvion Holding Gmbh (Germany)
- GEA Group (Germany)
- Danfoss (Denmark)
- SWEP International AB (Sweden)
- Thermax Limited (India)
- API Heat Transfer (U.S.)
- Tranter, Inc. (U.S.)
- Mersen (France)
- Linde Engineering (U.K.)
- Air Products (U.S.)
- HISAKA WORKS, LTD. (Thailand)
Market Segments
By Product
- Plate & Frame
- Brazed Plate & Frame
- Welded Plate & Frame
- Gasketed Plate & Frame
- Others
- Shell & Tube
- Air-Cooled
- Microchannel
- Others
By End-Use
- Chemical & Petrochemical
- HVAC & Refrigeration
- Oil & Gas
- Food & Beverage
- Power Generation
- Pulp & Paper
- Others
By Material of Construction
- Carbon Steel
- Stainless Steel
- Nickel
- Others (Titanium, Nickel Alloy, Copper, Molybdenum)
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Report Objectives
- To define, describe, and forecast the global heat exchanger market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the heat exchanger market
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Heat Exchanger Market
5.1. COVID-19 Landscape: Heat Exchanger Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Heat Exchanger Market, By Product
8.1. Heat Exchanger Market, by Product, 2022-2030
8.1.1 Plate & Frame
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Shell & Tube
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Air-Cooled
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Microchannel
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Heat Exchanger Market, By End-Use
9.1. Heat Exchanger Market, by End-Use, 2022-2030
9.1.1. Chemical & Petrochemical
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. HVAC & Refrigeration
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Oil & Gas
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Food & Beverage
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Power Generation
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Pulp & Paper
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Heat Exchanger Market, By Material of Construction
10.1. Heat Exchanger Market, by Material of Construction, 2022-2030
10.1.1. Carbon Steel
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Stainless Steel
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Nickel
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Others (Titanium, Nickel Alloy, Copper, Molybdenum)
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Heat Exchanger Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Material of Construction (2017-2030)
Chapter 12. Company Profiles
12.1. Alfa Laval (Sweden)
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Kelvion Holding Gmbh (Germany)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. GEA Group (Germany)
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Danfoss (Denmark)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. SWEP International AB (Sweden)
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Thermax Limited (India)
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. API Heat Transfer (U.S.)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Tranter, Inc. (U.S.)
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Mersen (France)
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Linde Engineering (U.K.)
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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