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Heat Exchanger Market Size At Around US$ 35.8 Bn In 2030

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.

Heat Exchanger Market Size 2022 To 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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