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Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Energy, HVACR, Food & Beverage, Power, Paper & Pulp), Material (Metals, Alloys and Brazing Clad), and Region - Global Forecast to 2028

May 2023 | 303 pages | ID: HE4D0FA6188EN
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The global heat exchanger market size is projected to reach USD 29.0 billion by 2028 from USD 20.5 billion in 2023, at a CAGR of 7.1% during the forecast period. The ever-increasing demand for heat exchangers in emerging markets owing to rising awareness towards energy efficient solutions and stringent government regulations on greenhouse gas and CO2 emissions. Additionally, the demand for heat exchangers in emerging countries such as Asia Pacific, South America, and Middle East & Africa, is increasing due to the rising industrialisation and rapid urbanization that increases the demand for HVACR equipment for the commercial construction industry. This will drive the heat exchanger market during the forecast period.

“Energy segment is estimated to be the fastest growing in terms of value amongst other types in the heat exchanger market, in 2028.”

The energy segment which includes the petrochemical and Oil & gas industry is expected to register the fastest CAGR during the forecast period globally. The increasing focus on energy efficiency, sustainability, and environmental regulations has triggered the demand for heat exchangers in the energy segment. Also, the shift towards sustainable and eco-friendly practices is driving the development of bio-based and renewable petrochemical endues industry which will increase the demand for heat exchangers in the energy segment.

”Alloys is the second largest in the heat exchanger market, by material in 2022.”

Alloys provide excellent corrosion resistance, which is crucial in heat exchanger applications where fluids with varying chemical compositions and temperatures are involved. Corrosion-resistant alloys, such as nickel-based alloys, ensure longevity and reliability of heat exchanger equipment, reducing maintenance requirements and downtime. Heat exchangers require materials that can efficiently conduct heat to maximize heat exchange efficiency, and certain alloy compositions provide excellent thermal conductivity, enabling optimal performance.

“Europe is the largest in the heat exchanger market in 2022.”

Europe is the largest region amongst others in the heat exchanger market in 2022, in terms of value, Germany, France, Italy, Russia, Turkey, and the UK are the key countries driving the Europe heat exchanger market. This region has a highly developed industrial sector with a significant demand for heat exchangers across various industries, including power generation, oil and gas, chemical processing, HVAC (heating, ventilation, and air conditioning), and automotive manufacturing. Europe has a strong focus on energy efficiency and sustainability, driving the demand for heat exchangers that can optimize energy usage and reduce environmental impact.

Extensive primary interviews were conducted in the process of determining and verifying the sizes of several segments and subsegments of the heat exchanger market gathered through secondary research.

The breakdown of primary interviews has been given below.
  • By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
  • By Designation: C Level Executives – 20%, Director Level – 10%, Others – 70%
  • By Region: North America – 20%, Asia Pacific – 30%, Europe – 30%, Middle East & Africa – 10%, South America-10%.
The key players in the heat exchanger market are ALFA LAVAL (Sweden), Kelvion Holding GmbH (Germany), Danfoss (Denmark), Exchanger Industries Limited (Canada), Mersen (France), API Heat Transfer (US), BOYD Corporation (US), Johnson Controls (Ireland), Wabtec Corporation (US), XYLEM (US), and H. G?ntner (UK) Limited (Germany). The heat exchanger market report analyzes the key growth strategies, such as new product launches, investments & expansions, agreements, partnerships, and mergers & acquisitions to strengthen their market positions.

Research Coverage

This report provides detailed segmentation of the heat exchanger market and forecasts its market size until 2028. The market has been segmented based on type (shell & tube, plate & frame, air-cooled, and others), end-use industry (chemical, energy, HVACR, food & beverage, power, pulp & paper, and others), material (Metals, Alloys, and Brazing clad), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for heat exchanger market.

Key benefits of buying this report

This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the heat exchanger market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
  • Analysis of key drivers (Growing industrialization in developing economies will drive the market, Rising energy efficiency regulations and stringent emission standards, Rising demand for HVACR equipment for the commercial construction industry to drive the market, Growing demand for sustainable, low energy consumption, and cost-effective heat exchangers to fuel the market growth), restraints (Fluctuation in raw material prices to impact the profitability of heat exchanger manufacturers, Lack of awareness about buildings’ energy efficiency, Sluggish growth of heat exchangers market in developed economies), opportunities (Rising nuclear power plants drive the heat exchangers market, Growing aftermarket to drive the heat exchangers market), and challenges (Regulations pertaining to fluorinated greenhouse gases, Capital-intensive market ) influencing the growth of the heat exchanger market.
  • Market Penetration: Comprehensive information on the heat exchanger market offered by top players in the global heat exchanger market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the heat exchanger market.
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for heat exchanger market across regions.
  • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the heat exchanger market.
  • Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
TABLE 1 INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 HEAT EXCHANGERS: MARKET SEGMENTATION
  1.4.1 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

2.1 IMPACT OF SLOWDOWN/RECESSION
2.2 RESEARCH DATA
FIGURE 2 HEAT EXCHANGERS MARKET: RESEARCH DESIGN
  2.2.1 SECONDARY DATA
    2.2.1.1 List of major secondary sources
    2.2.1.2 Key data from secondary sources
  2.2.2 PRIMARY DATA
  2.2.3 PRIMARY SOURCES
    2.2.3.1 Demand and supply sides
    2.2.3.2 Key data from primary sources
    2.2.3.3 Key industry insights
    2.2.3.4 Breakdown of primary interviews
2.3 MARKET SIZE ESTIMATION
FIGURE 3 HEAT EXCHANGERS MARKET SIZE ESTIMATION
  2.3.1 TOP-DOWN APPROACH
FIGURE 4 TOP-DOWN APPROACH
  2.3.2 BOTTOM-UP APPROACH
FIGURE 5 BOTTOM-UP APPROACH
2.4 DATA TRIANGULATION
FIGURE 6 HEAT EXCHANGERS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
  2.6.1 SUPPLY SIDE
  2.6.2 DEMAND SIDE
2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

FIGURE 7 SHELL & TUBE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF OVERALL HEAT EXCHANGERS MARKET
FIGURE 8 METALS TO BE LARGEST MATERIAL SEGMENT IN HEAT EXCHANGERS MARKET
FIGURE 9 ENERGY TO BE FASTEST-GROWING END-USE INDUSTRY OF HEAT EXCHANGERS DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 EMERGING ECONOMIES TO WITNESS HIGHER DEMAND FOR HEAT EXCHANGERS
FIGURE 11 ASIA PACIFIC TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
4.2 HEAT EXCHANGERS MARKET, BY TYPE
FIGURE 12 PLATE & FRAME TYPE SEGMENT TO LEAD HEAT EXCHANGERS MARKET DURING FORECAST PERIOD
4.3 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY
FIGURE 13 HVACR TO BE LARGEST END-USE INDUSTRY DURING FORECAST PERIOD
4.4 HEAT EXCHANGERS MARKET, BY COUNTRY
FIGURE 14 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 IMPACT OF RECESSION
5.3 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HEAT EXCHANGERS MARKET
  5.3.1 DRIVERS
    5.3.1.1 Increasing industrialization in emerging economies
    5.3.1.2 Rising energy efficiency regulations and stringent emission standards
    5.3.1.3 Growing demand for HVACR equipment from commercial construction industry
    5.3.1.4 Rising demand for sustainable, low energy consumption, and cost-effective heat exchangers
  5.3.2 RESTRAINTS
    5.3.2.1 Fluctuations in prices of raw materials
    5.3.2.2 Lack of awareness about energy efficiency of buildings
    5.3.2.3 Sluggish growth of heat exchangers market in developed economies
  5.3.3 OPPORTUNITIES
    5.3.3.1 Increasing number of nuclear power plants
    5.3.3.2 Growing aftermarket
  5.3.4 CHALLENGES
    5.3.4.1 Regulations pertaining to fluorinated greenhouse gases
    5.3.4.2 Capital-intensive market
5.4 VALUE CHAIN ANALYSIS
FIGURE 16 OVERVIEW OF VALUE CHAIN OF HEAT EXCHANGERS MARKET
  5.4.1 RAW MATERIAL SUPPLIERS
  5.4.2 MANUFACTURERS
  5.4.3 DISTRIBUTORS
  5.4.4 END-USE INDUSTRIES
TABLE 2 HEAT EXCHANGERS MARKET: VALUE CHAIN STAKEHOLDERS
5.5 PORTER’S FIVE FORCE ANALYSIS
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: HEAT EXCHANGERS MARKET
  5.5.1 THREAT OF SUBSTITUTES
  5.5.2 BARGAINING POWER OF SUPPLIERS
  5.5.3 THREAT OF NEW ENTRANTS
  5.5.4 BARGAINING POWER OF BUYERS
  5.5.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 3 HEAT EXCHANGERS: PORTER’S FIVE FORCES ANALYSIS
5.6 MACROECONOMIC INDICATORS
  5.6.1 GLOBAL GDP TRENDS
TABLE 4 TRENDS OF PER CAPITA GDP (USD) 2020–2022
TABLE 5 GDP GROWTH ESTIMATE AND PROJECTIONS FOR KEY COUNTRIES, 2023–2027
  5.6.2 OIL & GAS STATISTICS
TABLE 6 OIL PRODUCTION, BY COUNTRY, 2020–2021, THOUSAND BARRELS DAILY
  5.6.3 POWER GENERATION STATISTICS
TABLE 7 POWER GENERATED IN KEY COUNTRIES, 2018 –2021, TERAWATT HOUR (TWH)
5.7 TARIFFS & REGULATIONS
  5.7.1 REGULATIONS
  5.7.2 NORTH AMERICA
  5.7.3 EUROPE
  5.7.4 ASIA PACIFIC
TABLE 8 HCFC CONSUMPTION REDUCTION SCHEDULE FOR FIVE NON-ARTICLE PARTIES
TABLE 9 HCFC CONSUMPTION REDUCTION SCHEDULE FOR ARTICLE FIVE PARTIES
TABLE 10 HCFC PRODUCTION REDUCTION SCHEDULE FOR NON-ARTICLE 5 PARTIES
TABLE 11 HCFC PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES
TABLE 12 HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR NON-ARTICLE 5 PARTIES
TABLE 13 HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES – GROUP 1
TABLE 14 HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES – GROUP 2
  5.7.5 KIGALI AMENDMENT TO MONTREAL PROTOCOL
TABLE 15 REVISED HFC CONSUMPTION SCHEDULE FOR ALL PARTIES
TABLE 16 HFC CONSUMPTION SCHEDULE FOR PARTIES BEGINNING HFC PHASEDOWN FROM JANUARY 1, 2020
TABLE 17 REVISED HFC PRODUCTION SCHEDULE FOR ALL PARTIES
TABLE 18 HFC PRODUCTION SCHEDULE FOR PARTIES BEGINNING HFC PHASEDOWN FROM JANUARY 1, 2020
5.8 TECHNOLOGY ANALYSIS
  5.8.1 NEW TECHNOLOGIES – HEAT EXCHANGERS
5.9 RAW MATERIAL ANALYSIS
  5.9.1 COPPER
  5.9.2 ALUMINUM
  5.9.3 TITANIUM
  5.9.4 NICKEL ALLOYS
5.10 TRADE ANALYSIS
  5.10.1 IMPORT TRADE ANALYSIS
TABLE 19 REGION-WISE IMPORT TRADE (USD THOUSAND)
FIGURE 18 REGION-WISE IMPORT TRADE (USD THOUSAND)
  5.10.2 EXPORT TRADE ANALYSIS
TABLE 20 REGION-WISE EXPORT TRADE (USD THOUSAND)
FIGURE 19 REGION-WISE EXPORT TRADE (USD THOUSAND)
5.11 ECOSYSTEM MAPPING
FIGURE 20 HEAT EXCHANGERS MARKET ECOSYSTEM
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
FIGURE 21 POWER GENERATION SECTOR TO DRIVE GROWTH
5.13 KEY CONFERENCES & EVENTS IN 2023–2024
TABLE 21 HEAT EXCHANGERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.14 KEY FACTORS AFFECTING BUYING DECISIONS
  5.14.1 QUALITY
  5.14.2 SERVICE
FIGURE 22 SUPPLIER SELECTION CRITERIA
5.15 CASE STUDY ANALYSIS
  5.15.1 EXCHANGER INDUSTRY MEETS TIGHT SPECIFICATIONS FOR DAIRY HEAT EXCHANGERS
  5.15.2 PASTEURIZATION ESSENTIAL FOR LITHUANIAN AD PLANT
5.16 PATENT ANALYSIS
  5.16.1 INTRODUCTION
  5.16.2 METHODOLOGY
  5.16.3 DOCUMENT TYPE
FIGURE 23 PATENTS REGISTERED (2012 TO 2022)
  5.16.4 PUBLICATION TRENDS – LAST 10 YEARS
FIGURE 24 NUMBER OF PATENTS DURING LAST 10 YEARS
  5.16.5 INSIGHTS
  5.16.6 JURISDICTION ANALYSIS
FIGURE 25 TOP JURISDICTIONS
  5.16.7 TOP COMPANIES/APPLICANTS
FIGURE 26 TOP APPLICANTS’ ANALYSIS
TABLE 22 LIST OF PATENTS BY RAYTHEON TECHNOLOGIES CORPORATION
TABLE 23 LIST OF PATENTS BY DENSO CORPORATION
TABLE 24 LIST OF PATENTS BY MITSUBISHI ELECTRIC CORPORATION
TABLE 25 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS

6 HEAT EXCHANGERS MARKET, BY MATERIAL

6.1 INTRODUCTION
FIGURE 27 METALS SEGMENT TO DOMINATE HEAT EXCHANGERS MARKET TILL 2028
TABLE 26 HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 27 HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
  6.1.1 METALS
    6.1.1.1 Steel
      6.1.1.1.1 Carbon steel
      6.1.1.1.2 Stainless steel
FIGURE 28 STEEL PRICE ANALYSIS
    6.1.1.2 Copper
    6.1.1.3 Aluminum
    6.1.1.4 Titanium
    6.1.1.5 Nickel
    6.1.1.6 Other metals
  6.1.2 ALLOYS
    6.1.2.1 Nickel alloys
      6.1.2.1.1 Hastelloy alloys
      6.1.2.1.2 Inconel alloys
      6.1.2.1.3 Monel alloys
      6.1.2.1.4 Other nickel alloys
    6.1.2.2 Copper alloys
    6.1.2.3 Titanium alloys
    6.1.2.4 Other alloys
  6.1.3 BRAZING CLAD MATERIALS
    6.1.3.1 Copper brazing
    6.1.3.2 Ni clad brazing
    6.1.3.3 Phosphor copper brazing
    6.1.3.4 Silver brazing
    6.1.3.5 Other brazing clad materials

7 HEAT EXCHANGERS MARKET, BY TYPE

7.1 INTRODUCTION
FIGURE 29 SHELL & TUBE HEAT EXCHANGERS ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
TABLE 28 HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 29 HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 30 HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 31 HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
7.2 SHELL & TUBE HEAT EXCHANGERS
  7.2.1 USE IN SYSTEMS WITH HIGH OPERATING TEMPERATURES AND PRESSURES
  7.2.2 TUBULAR HEAT EXCHANGERS
  7.2.3 FIXED TUBE HEAT EXCHANGERS
  7.2.4 U-TUBE HEAT EXCHANGERS
  7.2.5 FLOATING HEAD HEAT EXCHANGERS
7.3 PLATE & FRAME HEAT EXCHANGERS
  7.3.1 WIDESPREAD INDUSTRIAL APPLICATIONS
  7.3.2 GASKETED PLATE & FRAME HEAT EXCHANGERS
  7.3.3 WELDED PLATE & FRAME HEAT EXCHANGERS
  7.3.4 BRAZED HEAT EXCHANGERS
7.4 AIR COOLED HEAT EXCHANGERS
  7.4.1 PRIMARILY USED IN CHEMICAL AND ENERGY INDUSTRIES
  7.4.2 FORCED DRAFT HEAT EXCHANGERS
  7.4.3 INDUCED DRAFT HEAT EXCHANGERS
7.5 OTHER TYPES
  7.5.1 EXTENDED SURFACE HEAT EXCHANGERS
  7.5.2 REGENERATIVE HEAT EXCHANGERS

8 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY

8.1 INTRODUCTION
FIGURE 30 CHEMICAL INDUSTRY TO LEAD HEAT EXCHANGERS MARKET TILL 2028
TABLE 32 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 33 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 34 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 35 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
8.2 CHEMICAL
  8.2.1 APPLICATIONS IN CHEMICAL PROCESSES SUCH AS FERTILIZERS, AMMONIA, METHIONINE, ETHYL ACETATE, FATTY ACIDS, SILICONIZED PRODUCTS, AND OTHERS
  8.2.2 BASE CHEMICALS
  8.2.3 INTERMEDIATE CHEMICALS
  8.2.4 SPECIALTY CHEMICALS
8.3 ENERGY
  8.3.1 CRUCIAL EQUIPMENT IN ENERGY GENERATION
  8.3.2 PETROCHEMICALS
  8.3.3 OIL & GAS
8.4 HVAC AND REFRIGERATION
  8.4.1 USE IN HVACR INDUSTRY FOR AIR CONDITIONING FOR RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL INFRASTRUCTURE
  8.4.2 DISTRICT HEATING AND COOLING
  8.4.3 AIR-CONDITIONING
  8.4.4 COMMERCIAL REFRIGERATION
  8.4.5 INDUSTRIAL REFRIGERATION
8.5 FOOD & BEVERAGE
  8.5.1 RISING DEMAND FOR PROCESSED FOOD TO DRIVE MARKET
  8.5.2 PROCESSED FOOD
  8.5.3 DAIRY
  8.5.4 SUGAR AND ETHANOL PRODUCTION
  8.5.5 OTHERS
8.6 POWER
  8.6.1 EFFORTS TO INCREASE ENERGY OUTPUT OF POWER PLANTS TO DRIVE USAGE OF HEAT EXCHANGERS
  8.6.2 RENEWABLE
  8.6.3 NON-RENEWABLE
8.7 PULP & PAPER
  8.7.1 HEAT EXCHANGERS USED FOR WASTEWATER TREATMENT AND HEAT RECOVERY
8.8 OTHER END-USE INDUSTRIES
  8.8.1 METALLURGICAL
  8.8.2 WASTEWATER TREATMENT
  8.8.3 MINING

9 HEAT EXCHANGERS MARKET, BY REGION

9.1 INTRODUCTION
FIGURE 31 HEAT EXCHANGERS MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 36 HEAT EXCHANGERS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 37 HEAT EXCHANGERS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 38 HEAT EXCHANGERS MARKET, BY REGION, 2019–2022 (UNIT)
TABLE 39 HEAT EXCHANGERS MARKET, BY REGION, 2023–2028 (UNIT)
9.2 ASIA PACIFIC
  9.2.1 IMPACT OF RECESSION
FIGURE 32 ASIA PACIFIC: HEAT EXCHANGERS MARKET SNAPSHOT
TABLE 40 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 41 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 42 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)
TABLE 43 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)
TABLE 44 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 45 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 46 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 47 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 48 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 49 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 50 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 51 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 52 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 53 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.2.2 CHINA
    9.2.2.1 Rapid industrialization and flourishing end-use industries to boost market
TABLE 54 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 55 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 56 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 57 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 58 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 59 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 60 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 61 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.2.3 JAPAN
    9.2.3.1 Nuclear power, construction, and food & beverage industries to drive market
TABLE 62 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 63 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 64 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 65 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 66 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 67 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 68 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 69 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.2.4 INDIA
    9.2.4.1 Rapid industrialization in energy and power generation end-use industries to boost demand
TABLE 70 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 71 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 72 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 73 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 74 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 75 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 76 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 77 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.2.5 SOUTH KOREA
    9.2.5.1 Rising commercial construction to boost market
TABLE 78 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 81 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 82 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 83 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 84 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 85 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.2.6 REST OF ASIA PACIFIC
TABLE 86 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 87 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 88 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 89 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 90 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 91 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 92 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 93 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
9.3 NORTH AMERICA
  9.3.1 IMPACT OF RECESSION
FIGURE 33 NORTH AMERICA: HEAT EXCHANGERS MARKET SNAPSHOT
TABLE 94 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 96 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)
TABLE 97 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)
TABLE 98 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 99 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 100 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 101 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 102 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 103 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 104 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 105 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 106 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 107 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.3.2 US
    9.3.2.1 Automotive industry to drive demand for microchannel type heat exchangers
TABLE 108 US: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 109 US: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 110 US: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 111 US: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 112 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 113 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 114 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 115 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.3.3 CANADA
    9.3.3.1 Growing food & beverage and oil & gas industries to boost market
TABLE 116 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 117 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 118 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 119 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 120 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 121 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 122 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 123 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.3.4 MEXICO
    9.3.4.1 Demand to be mainly driven by industrial processing and HVACR industries
TABLE 124 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 125 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 126 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 127 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 128 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 129 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 130 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 131 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
9.4 EUROPE
  9.4.1 IMPACT OF RECESSION
FIGURE 34 EUROPE: HEAT EXCHANGERS MARKET SNAPSHOT
TABLE 132 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 133 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 134 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)
TABLE 135 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)
TABLE 136 EUROPE: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 137 EUROPE: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 138 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 139 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 140 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 141 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 142 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 143 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 144 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 145 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.2 GERMANY
    9.4.2.1 Rising demand for heat exchangers across end-use industries
TABLE 146 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 147 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 148 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 149 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 150 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 151 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 152 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 153 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.3 FRANCE
    9.4.3.1 Favorable growth of chemical and food & beverage industries to boost market
TABLE 154 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 155 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 156 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 157 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 158 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 159 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 160 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 161 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.4 UK
    9.4.4.1 Growing demand from commercial construction and automotive industries to boost market
TABLE 162 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 163 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 164 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 165 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 166 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 167 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 168 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 169 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.5 ITALY
    9.4.5.1 Rising demand from automotive and manufacturing industries to lead to market growth
TABLE 170 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 171 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 172 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 173 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 174 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 175 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 176 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 177 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.6 RUSSIA
    9.4.6.1 Growing end-use industries to boost demand for heat exchangers
TABLE 178 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 179 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 180 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 181 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 182 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 183 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 184 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 185 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.7 TURKEY
    9.4.7.1 Urbanization and industrialization to drive market
TABLE 186 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 187 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 188 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 189 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 190 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 191 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 192 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 193 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.4.8 REST OF EUROPE
TABLE 194 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 195 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 196 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 197 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 198 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 199 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 200 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 201 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
9.5 MIDDLE EAST & AFRICA
  9.5.1 IMPACT OF RECESSION
TABLE 202 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 203 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 204 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)
TABLE 205 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)
TABLE 206 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 207 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 208 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 209 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 210 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 211 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 212 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 213 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 214 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 215 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.5.2 SAUDI ARABIA
    9.5.2.1 Rising commercial construction and HVAC industry to drive market
TABLE 216 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 217 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 218 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 219 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 220 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 221 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 222 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 223 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.5.3 QATAR
    9.5.3.1 Oil & gas industry to contribute to significant rise in demand for heat exchangers
TABLE 224 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 225 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 226 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 227 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 228 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 229 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 230 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 231 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.5.4 REST OF MIDDLE EAST & AFRICA
TABLE 232 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 233 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 234 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 235 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 236 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 237 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 238 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 239 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
9.6 SOUTH AMERICA
  9.6.1 IMPACT OF RECESSION
TABLE 240 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 241 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 242 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)
TABLE 243 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)
TABLE 244 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 245 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 246 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 247 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 248 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 249 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 250 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 251 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 252 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 253 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.6.2 BRAZIL
    9.6.2.1 Flourishing end-use industries to drive market
TABLE 254 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 255 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 256 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 257 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 258 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 259 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 260 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 261 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)
  9.6.3 REST OF SOUTH AMERICA
TABLE 262 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 263 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 264 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)
TABLE 265 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)
TABLE 266 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 267 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
TABLE 268 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)
TABLE 269 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)

10 COMPETITIVE LANDSCAPE

10.1 OVERVIEW
10.2 STRATEGIES ADOPTED BY KEY PLAYERS
FIGURE 35 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022
10.3 MARKET EVALUATION FRAMEWORK
TABLE 270 MARKET EVALUATION FRAMEWORK
10.4 REVENUE ANALYSIS
TABLE 271 REVENUE ANALYSIS OF KEY COMPANIES (2019–2021)
10.5 RANKING OF KEY PLAYERS
FIGURE 36 RANKING OF TOP FIVE PLAYERS IN HEAT EXCHANGERS MARKET
10.6 MARKET SHARE ANALYSIS
FIGURE 37 HEAT EXCHANGERS MARKET SHARE, BY COMPANY (2022)
TABLE 272 HEAT EXCHANGERS MARKET: DEGREE OF COMPETITION
10.7 COMPANY EVALUATION MATRIX (TIER 1)
  10.7.1 STARS
  10.7.2 PERVASIVE PLAYERS
  10.7.3 EMERGING LEADERS
  10.7.4 PARTICIPANTS
FIGURE 38 HEAT EXCHANGERS MARKET: COMPANY EVALUATION MATRIX FOR TIER 1 COMPANIES, 2022
10.8 STRENGTH OF PRODUCT PORTFOLIO FOR TIER 1 COMPANIES, 2022
10.9 BUSINESS STRATEGY EXCELLENCE FOR TIER 1 COMPANIES, 2022
10.10 COMPANY EVALUATION MATRIX (STARTUPS AND SMES)
  10.10.1 PROGRESSIVE COMPANIES
  10.10.2 RESPONSIVE COMPANIES
  10.10.3 STARTING BLOCKS
  10.10.4 DYNAMIC COMPANIES
FIGURE 39 HEAT EXCHANGERS MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS AND SMES, 2022
10.11 STRENGTH OF PRODUCT PORTFOLIO (STARTUPS AND SMES)
10.12 BUSINESS STRATEGY EXCELLENCE (STARTUPS AND SMES)
10.13 COMPETITIVE BENCHMARKING
TABLE 273 DETAILED LIST OF COMPANIES
  10.13.1 COMPANY TYPE FOOTPRINT
TABLE 274 OVERALL TYPE FOOTPRINT
  10.13.2 COMPANY MATERIAL FOOTPRINT
TABLE 275 OVERALL MATERIAL FOOTPRINT
  10.13.3 COMPANY END-USE INDUSTRY FOOTPRINT
TABLE 276 OVERALL END-USE INDUSTRY FOOTPRINT
  10.13.4 COMPANY REGION FOOTPRINT
TABLE 277 OVERALL REGION FOOTPRINT
  10.13.5 COMPANY FOOTPRINT
TABLE 278 OVERALL COMPANY FOOTPRINT
10.14 COMPETITIVE SCENARIOS
  10.14.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 279 PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023
  10.14.2 DEALS
TABLE 280 DEALS, 2018–2022
  10.14.3 OTHERS
TABLE 281 OTHERS, 2018–2022

11 COMPANY PROFILES

(Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices, Weakness and competitive threats) *
11.1 KEY PLAYERS
  11.1.1 ALFA LAVAL
TABLE 282 ALFA LAVAL: COMPANY OVERVIEW
FIGURE 40 ALFA LAVAL: COMPANY SNAPSHOT
TABLE 283 ALFA LAVAL: PRODUCT OFFERINGS
TABLE 284 ALFA LAVAL: PRODUCT LAUNCHES
TABLE 285 ALFA LAVAL: DEALS
TABLE 286 ALFA LAVAL: OTHERS
  11.1.2 KELVION HOLDING GMBH
TABLE 287 KELVION HOLDING GMBH: COMPANY OVERVIEW
TABLE 288 KELVION HOLDING GMBH: PRODUCT OFFERINGS
TABLE 289 KELVION HOLDING GMBH: PRODUCT LAUNCHES
TABLE 290 KELVION HOLDING GMBH: DEALS
TABLE 291 KELVION HOLDING GMBH: OTHERS
  11.1.3 DANFOSS
TABLE 292 DANFOSS: COMPANY OVERVIEW
FIGURE 41 DANFOSS: COMPANY SNAPSHOT
TABLE 293 DANFOSS: PRODUCT OFFERINGS
TABLE 294 DANFOSS: PRODUCT LAUNCHES
TABLE 295 DANFOSS: OTHERS
  11.1.4 EXCHANGER INDUSTRIES LIMITED
TABLE 296 EXCHANGER INDUSTRIES LIMITED: COMPANY OVERVIEW
TABLE 297 EXCHANGER INDUSTRIES LIMITED: PRODUCT OFFERINGS
TABLE 298 EXCHANGER INDUSTRIES LIMITED: PRODUCT LAUNCHES
TABLE 299 EXCHANGER INDUSTRIES LIMITED: DEALS
  11.1.5 MERSEN
TABLE 300 MERSEN: COMPANY OVERVIEW
FIGURE 42 MERSEN: COMPANY SNAPSHOT
TABLE 301 MERSEN: PRODUCT OFFERINGS
TABLE 302 MERSEN: DEALS
  11.1.6 API HEAT TRANSFER
TABLE 303 API HEAT TRANSFER: COMPANY OVERVIEW
TABLE 304 API HEAT TRANSFER: PRODUCT OFFERINGS
  11.1.7 BOYD CORPORATION
TABLE 305 BOYD CORPORATION: COMPANY OVERVIEW
TABLE 306 BOYD CORPORATION: PRODUCT OFFERINGS
TABLE 307 BOYD CORPORATION: DEALS
TABLE 308 BOYD CORPORATION: OTHER DEVELOPMENTS
  11.1.8 H. G?NTNER (UK) LIMITED
TABLE 309 H. G?NTNER (UK) LIMITED: COMPANY OVERVIEW
TABLE 310 H. G?NTNER (UK) LIMITED: PRODUCT OFFERINGS
TABLE 311 H. G?NTNER (UK) LIMITED: DEALS
TABLE 312 H. G?NTNER (UK) LIMITED: OTHERS
  11.1.9 JOHNSON CONTROLS
TABLE 313 JOHNSON CONTROLS: COMPANY OVERVIEW
FIGURE 43 JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 314 JOHNSON CONTROLS: PRODUCT OFFERINGS
TABLE 315 JOHNSON CONTROLS: PRODUCT LAUNCHES
  11.1.10 XYLEM
TABLE 316 XYLEM: COMPANY OVERVIEW
FIGURE 44 XYLEM: COMPANY SNAPSHOT
TABLE 317 XYLEM: PRODUCT OFFERINGS
  11.1.11 WABTEC CORPORATION
TABLE 318 WABTEC CORPORATION: COMPANY OVERVIEW
FIGURE 45 WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 319 WABTEC CORPORATION: PRODUCT OFFERINGS
TABLE 320 WABTEC CORPORATION: DEALS
TABLE 321 WABTEC CORPORATION: OTHERS
  11.1.12 SPX FLOW
TABLE 322 SPX FLOW: COMPANY OVERVIEW
FIGURE 46 SPX FLOW: COMPANY SNAPSHOT
TABLE 323 SPX FLOW: PRODUCT OFFERINGS
  11.1.13 LU-VE S.P.A.
TABLE 324 LU-VE S.P.A.: COMPANY OVERVIEW
FIGURE 47 LU-VE S.P.A.: COMPANY SNAPSHOT
TABLE 325 LU-VE S.P.A.: PRODUCT OFFERINGS
TABLE 326 LU-VE S.P.A: DEALS
TABLE 327 LU-VE S.P.A: OTHERS
  11.1.14 LENNOX INTERNATIONAL INC.
TABLE 328 LENNOX INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 48 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 329 LENNOX INTERNATIONAL INC: PRODUCT OFFERINGS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices, Weakness and competitive threats might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS
  11.2.1 AIR PRODUCTS INC.
TABLE 330 AIR PRODUCTS INC.: COMPANY OVERVIEW
  11.2.2 BARRIQUAND TECHNOLOGIES THERMIQUES
TABLE 331 BARRIQUAND TECHNOLOGIES THERMIQUES: COMPANY OVERVIEW
  11.2.3 BRASK, INC.
TABLE 332 BRASK, INC.: COMPANY OVERVIEW
  11.2.4 CHART INDUSTRIES
TABLE 333 CHART INDUSTRIES: COMPANY OVERVIEW
  11.2.5 DOOSAN CORPORATION
TABLE 334 DOOSAN CORPORATION: COMPANY OVERVIEW
  11.2.6 FUNKE HEAT EXCHANGER APPARATEBAU
TABLE 335 FUNKE HEAT EXCHANGER APPARATEBAU: COMPANY OVERVIEW
  11.2.7 HISAKA WORKS, LTD.
TABLE 336 HISAKA WORKS, LTD.: COMPANY OVERVIEW
  11.2.8 HINDUSTAN DORR-OLIVER LTD.
TABLE 337 HINDUSTAN DORR-OLIVER LTD.: COMPANY OVERVIEW
  11.2.9 KOCH HEAT TRANSFER COMPANY
TABLE 338 KOCH HEAT TRANSFER COMPANY: COMPANY OVERVIEW
  11.2.10 RADIANT HEAT EXCHANGER PVT. LTD.
TABLE 339 RADIANT HEAT EXCHANGER PVT. LTD.: COMPANY OVERVIEW
  11.2.11 SWEP INTERNATIONAL AB
TABLE 340 SWEP INTERNATIONAL AB: COMPANY OVERVIEW
  11.2.12 THERMAX LIMITED
TABLE 341 THERMAX LIMITED: COMPANY OVERVIEW
  11.2.13 SIERRA S.P.A.
TABLE 342 SIERRA S.P.A.: COMPANY OVERVIEW
  11.2.14 VAHTERUS OY
TABLE 343 VAHTERUS OY: COMPANY OVERVIEW

12 APPENDIX

12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS

Heat Exchanger market research study provides detailed qualitative and quantitative analysis of the global Heat Exchanger Market. The market is further segmented and forecasted for major geographic regions, North America, Europe, Asia Pacific, and Rest of the World.

Some the prominent players in "Heat Exchangers Market" are:

  • Alfa Laval AB (Sweden)
  • GEA Group AG (Germany)
  • SPX Corporation (U.S.)
  • Xylem Inc. (U.S.)

Europe has always been a strong market for heat exchangers and globally, this market has been a leader for heat exchangers with respect to demand as well as production capacity. Heat exchanger consumption in the region is estimated to grow at a CAGR of around 4.81% from 2014 to 2019. This region has a relatively slow growth rate as a result of its dominant market size and slow economic activity as compared to the other regions. 

Currently, Europe acquires more than 30.0% of the total global market. The region has huge installed plant capacities of heat exchanger and is an export based heat exchanger market. Also, large number of emerging manufacturers from Eastern Europe is expected to reduce import dependence of various countries which is further expected to drive the heat exchanger market in future.

Asia-Pacific, being the fastest growing heat exchangers market globally, is estimated to grow at a CAGR of 10.70% for the next five years. Asia-Pacific is witnessing high industrial growth rate, which hints at an ever-increasing demand of heat exchangers for its diverse applications. 

China dominates the heat exchangers market in Asia-Pacific region, being a major consumer and the fastest growing country in terms of heat exchangers demand. Currently, a high share of heat exchanger is being consumed by the chemical industry and the demand of heat exchangers through chemical industry is projected to grow in the next five years at a CAGR of 14.32% from 2014 to 2019. After China, countries such as India, Japan and other Asian countries, are showing increasing growth in demand for heat exchangers. 



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