Middle East & Africa Heat Exchanger Market Forecast to 2030 - Regional Analysis - by Type (Shell and Tube, Plate and Frame, Air Cooled, and Others), Material (Steel, Copper, and Others), and Application (Energy, Chemical, Food and Beverages, HVACR, Pulp and Paper, and Others)
The Middle East & Africa heat exchanger market was valued at US$ 1,369.11 million in 2022 and is expected to reach US$ 2,335.52 million by 2030; it is estimated to grow at a CAGR of 6.9% from 2022 to 2030.
Introduction of Heat Exchange Subscription Model Fuel the Middle East & Africa Heat Exchanger Market
Companies are constantly seeking solutions that help them save costs, enabling them to use the saved amount for their other business operations. Many companies are taking innovative initiatives to provide solutions that are environment-friendly due to rising concerns about climate change. In January 2023, Kelvion Holding GmbH announced its plan to provide heat exchangers under the "Heat Exchange as a Service" pay-per-use business model as an innovative solution that can help its customers reduce capital expenditure. The company's main focus was to address the rising concern over CO2 emissions and introduce the subscription model to provide heat exchangers. The introduction of the product-service system helps small and medium-sized enterprises avail themselves of these services, from installation to maintenance, in a cost-effective manner and optimize their cash flow management. Heat exchanger is used in several end user industries such as automotive, chemical, and food & beverages for various applications. Thus, the subscription model will help the SMEs operating in these industries to adopt heat exchangers and encourage emerging players to use this cost-effective solution, which is expected to bolster the heat exchanger market during the forecast period years.
Middle East & Africa Heat Exchanger Market Overview
The Middle East & Africa (MEA) heat exchanger market is segmented into South Africa, Saudi Arabia, the UAE, Turkey, and the Rest of MEA. Infrastructure development in the countries across the MEA, including commercial infrastructure, has been rising over the years. Although these countries are focusing extensively on tourism, the commercial infrastructure plays a major role in the respective country's economy. The region witnessed high investment in commercial construction, such as supermarkets, specialty stores, and malls. These factors are increasing the demand for heat exchangers for the infrastructure HVAC system to maintain the systems efficiency, thereby contributing to the development of the heat exchanger market in the Middle East & Africa.
Middle East & Africa Heat Exchanger Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Heat Exchanger Market Segmentation
The Middle East & Africa heat exchanger market is segmented based on type, material, application, and country. Based on type, the Middle East & Africa heat exchanger market is segmented into shell and tube, plate and frame, air cooled, and others. The shell and tube segment held the largest market share in 2022.
Based on material, the Middle East & Africa heat exchanger market is segmented into steel, copper, and others. The steel segment held the largest market share in 2022.
Based on application, the Middle East & Africa heat exchanger market is segmented into energy, chemical, food and beverages, HVACR, pulp and paper, and others. The energy segment held the largest market share in 2022.
Based on country, the Middle East & Africa heat exchanger market is segmented into Saudi Arabia, the UAE, South Africa, Turkey, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa heat exchanger market share in 2022.
Alfa Laval AB, API Heat Transfer Inc, Danfoss AS, Johnson Controls International Plc, Hisaka Works Ltd, Larsen & Toubro Ltd, and Xylem Inc are some of the leading companies operating in the Middle East & Africa heat exchanger market.
Introduction of Heat Exchange Subscription Model Fuel the Middle East & Africa Heat Exchanger Market
Companies are constantly seeking solutions that help them save costs, enabling them to use the saved amount for their other business operations. Many companies are taking innovative initiatives to provide solutions that are environment-friendly due to rising concerns about climate change. In January 2023, Kelvion Holding GmbH announced its plan to provide heat exchangers under the "Heat Exchange as a Service" pay-per-use business model as an innovative solution that can help its customers reduce capital expenditure. The company's main focus was to address the rising concern over CO2 emissions and introduce the subscription model to provide heat exchangers. The introduction of the product-service system helps small and medium-sized enterprises avail themselves of these services, from installation to maintenance, in a cost-effective manner and optimize their cash flow management. Heat exchanger is used in several end user industries such as automotive, chemical, and food & beverages for various applications. Thus, the subscription model will help the SMEs operating in these industries to adopt heat exchangers and encourage emerging players to use this cost-effective solution, which is expected to bolster the heat exchanger market during the forecast period years.
Middle East & Africa Heat Exchanger Market Overview
The Middle East & Africa (MEA) heat exchanger market is segmented into South Africa, Saudi Arabia, the UAE, Turkey, and the Rest of MEA. Infrastructure development in the countries across the MEA, including commercial infrastructure, has been rising over the years. Although these countries are focusing extensively on tourism, the commercial infrastructure plays a major role in the respective country's economy. The region witnessed high investment in commercial construction, such as supermarkets, specialty stores, and malls. These factors are increasing the demand for heat exchangers for the infrastructure HVAC system to maintain the systems efficiency, thereby contributing to the development of the heat exchanger market in the Middle East & Africa.
Middle East & Africa Heat Exchanger Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Heat Exchanger Market Segmentation
The Middle East & Africa heat exchanger market is segmented based on type, material, application, and country. Based on type, the Middle East & Africa heat exchanger market is segmented into shell and tube, plate and frame, air cooled, and others. The shell and tube segment held the largest market share in 2022.
Based on material, the Middle East & Africa heat exchanger market is segmented into steel, copper, and others. The steel segment held the largest market share in 2022.
Based on application, the Middle East & Africa heat exchanger market is segmented into energy, chemical, food and beverages, HVACR, pulp and paper, and others. The energy segment held the largest market share in 2022.
Based on country, the Middle East & Africa heat exchanger market is segmented into Saudi Arabia, the UAE, South Africa, Turkey, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa heat exchanger market share in 2022.
Alfa Laval AB, API Heat Transfer Inc, Danfoss AS, Johnson Controls International Plc, Hisaka Works Ltd, Larsen & Toubro Ltd, and Xylem Inc are some of the leading companies operating in the Middle East & Africa heat exchanger market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET - KEY INDUSTRY DYNAMICS
5.1 Heat exchanger Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Use of Heat Exchangers in Oil & Gas Industry
5.2.2 Rise in Industrialization
5.2.3 Surge in Industry-specific Applications
5.3 Market Restraints
5.3.1 High Initial Investment, Labor Cost, and Maintenance
5.3.2 Safety Concerns Regarding Heat Exchanger
5.4 Market Opportunities
5.4.1 Integration of 3D Printing Technology with Heat Exchangers
5.4.2 Rise in Electric Vehicle Adoption
5.5 Future Trends
5.5.1 Introduction of Heat Exchange Subscription Model
5.6 Impact of Drivers and Restraints:
6. HEAT EXCHANGER MARKET - MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa Heat Exchanger Market Revenue (US$ Million), 2022 - 2030
6.2 Middle East & Africa Heat Exchanger Market Forecast and Analysis
7. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET ANALYSIS - TYPE
7.1 Shell and Tube
7.1.1 Overview
7.1.2 Shell and Tube Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Plate and Frame
7.2.1 overview
7.2.2 Plate and Frame Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Air Cooled
7.3.1 Overview
7.3.2 Air Cooled Market Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET ANALYSIS - MATERIAL
8.1 Steel
8.1.1 Overview
8.1.2 Steel Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Copper
8.2.1 Overview
8.2.2 Copper Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET ANALYSIS - APPLICATION
9.1 Energy
9.1.1 Overview
9.1.2 Energy Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Chemical
9.2.1 Overview
9.2.2 Chemical Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)
9.4 HVACR
9.4.1 Overview
9.4.2 HVACR Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Pulp and Paper
9.5.1 Overview
9.5.2 Pulp and Paper Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET - BY COUNTRY ANALYSIS
10.1 Middle East & Africa
10.1.1 Middle East & Africa Heat exchanger Market Overview
10.1.2 Middle East & Africa Heat exchanger Market Revenue and Forecasts and Analysis - By Country
10.1.2.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Country
10.1.2.2 Saudi Arabia Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Saudi Arabia Heat exchanger Market Breakdown by Type
10.1.2.2.2 Saudi Arabia Heat exchanger Market Breakdown by Material
10.1.2.2.3 Saudi Arabia Heat exchanger Market Breakdown by Application
10.1.2.3 UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UAE Heat exchanger Market Breakdown by Type
10.1.2.3.2 UAE Heat exchanger Market Breakdown by Material
10.1.2.3.3 UAE Heat exchanger Market Breakdown by Application
10.1.2.4 Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Turkey Heat exchanger Market Breakdown by Type
10.1.2.4.2 Turkey Heat exchanger Market Breakdown by Material
10.1.2.4.3 Turkey Heat exchanger Market Breakdown by Application
10.1.2.5 South Africa Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 South Africa Heat exchanger Market Breakdown by Type
10.1.2.5.2 South Africa Heat exchanger Market Breakdown by Material
10.1.2.5.3 South Africa Heat exchanger Market Breakdown by Application
10.1.2.6 Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of MEA Heat exchanger Market Breakdown by Type
10.1.2.6.2 Rest of MEA Heat exchanger Market Breakdown by Material
10.1.2.6.3 Rest of MEA Heat exchanger Market Breakdown by Application
11. COMPETITIVE LANDSCAPE
11.1 Heat Map Analysis by Key Players
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. COMPANY PROFILES
13.1 Alfa Laval AB
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Danfoss AS
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 API Heat Transfer Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Larsen & Toubro Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Johnson Controls International Plc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Xylem Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET - KEY INDUSTRY DYNAMICS
5.1 Heat exchanger Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Use of Heat Exchangers in Oil & Gas Industry
5.2.2 Rise in Industrialization
5.2.3 Surge in Industry-specific Applications
5.3 Market Restraints
5.3.1 High Initial Investment, Labor Cost, and Maintenance
5.3.2 Safety Concerns Regarding Heat Exchanger
5.4 Market Opportunities
5.4.1 Integration of 3D Printing Technology with Heat Exchangers
5.4.2 Rise in Electric Vehicle Adoption
5.5 Future Trends
5.5.1 Introduction of Heat Exchange Subscription Model
5.6 Impact of Drivers and Restraints:
6. HEAT EXCHANGER MARKET - MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa Heat Exchanger Market Revenue (US$ Million), 2022 - 2030
6.2 Middle East & Africa Heat Exchanger Market Forecast and Analysis
7. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET ANALYSIS - TYPE
7.1 Shell and Tube
7.1.1 Overview
7.1.2 Shell and Tube Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Plate and Frame
7.2.1 overview
7.2.2 Plate and Frame Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Air Cooled
7.3.1 Overview
7.3.2 Air Cooled Market Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET ANALYSIS - MATERIAL
8.1 Steel
8.1.1 Overview
8.1.2 Steel Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Copper
8.2.1 Overview
8.2.2 Copper Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET ANALYSIS - APPLICATION
9.1 Energy
9.1.1 Overview
9.1.2 Energy Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Chemical
9.2.1 Overview
9.2.2 Chemical Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)
9.4 HVACR
9.4.1 Overview
9.4.2 HVACR Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Pulp and Paper
9.5.1 Overview
9.5.2 Pulp and Paper Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. MIDDLE EAST & AFRICA HEAT EXCHANGER MARKET - BY COUNTRY ANALYSIS
10.1 Middle East & Africa
10.1.1 Middle East & Africa Heat exchanger Market Overview
10.1.2 Middle East & Africa Heat exchanger Market Revenue and Forecasts and Analysis - By Country
10.1.2.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Country
10.1.2.2 Saudi Arabia Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Saudi Arabia Heat exchanger Market Breakdown by Type
10.1.2.2.2 Saudi Arabia Heat exchanger Market Breakdown by Material
10.1.2.2.3 Saudi Arabia Heat exchanger Market Breakdown by Application
10.1.2.3 UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UAE Heat exchanger Market Breakdown by Type
10.1.2.3.2 UAE Heat exchanger Market Breakdown by Material
10.1.2.3.3 UAE Heat exchanger Market Breakdown by Application
10.1.2.4 Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Turkey Heat exchanger Market Breakdown by Type
10.1.2.4.2 Turkey Heat exchanger Market Breakdown by Material
10.1.2.4.3 Turkey Heat exchanger Market Breakdown by Application
10.1.2.5 South Africa Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 South Africa Heat exchanger Market Breakdown by Type
10.1.2.5.2 South Africa Heat exchanger Market Breakdown by Material
10.1.2.5.3 South Africa Heat exchanger Market Breakdown by Application
10.1.2.6 Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of MEA Heat exchanger Market Breakdown by Type
10.1.2.6.2 Rest of MEA Heat exchanger Market Breakdown by Material
10.1.2.6.3 Rest of MEA Heat exchanger Market Breakdown by Application
11. COMPETITIVE LANDSCAPE
11.1 Heat Map Analysis by Key Players
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. COMPANY PROFILES
13.1 Alfa Laval AB
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Danfoss AS
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 API Heat Transfer Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Larsen & Toubro Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Johnson Controls International Plc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Xylem Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
