Heat Exchangers Market Key Trends Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2023

8.4%
CAGR (2020-2026)
26.55 USD Bn.
Market Size
316
Report Pages
134
Market Tables

Overview

Global Heat Exchangers Market Key Trends (2017-2024)_ By Type, Application, and Geography

Global Heat Exchangers Market Key Trends

The heat exchanger is an equipment use to transfer heat energy between a solid object and a fluid, from liquid to liquids and between solid particulates and a fluid, at different temperatures and in thermal contact. The global heat exchangers market based on type has been segmented into shell & tube, air cooled, plate & frame and others. The shell & tube type heat exchanger segment is one of the major contributors for the market growth during the forecast period. Heat exchangers are widely accepted equipment owing to its eco-friendly and energy-efficient properties. The heat exchangers market based on applications has been segmented into chemical, HVACR, petrochemical and oil & gas, food & beverage, paper & pulp, power generation and others.

Global Heat Exchangers Market is expected to reach USD 26.55 Billion by 2024 from USD 13.93 Billion in 2016 at a CAGR of 8.4%

Global Heat Exchangers Market Key Trends, by Type:

• Shell & Tube
• Air Cooled
• Plate & frame
• Others

Global Heat Exchangers Market Key Trends, by Application:

• Chemical
• HVACR
• Petrochemical and Oil & Gas
• Food & Beverage
• Paper & Pulp
• Power Generation
• Others

Global Heat Exchangers Market Key Trends, by Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Global Heat Exchangers Market

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Table of Contents

1. Heat Exchangers Market: Research Methodology 2. Heat Exchangers Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Heat Exchangers Market: Qualitative Analysis 3.1. Innovations and Emerging Technologies 3.2. Technological Advances that Contribute to Heat Exchangers 4. Heat Exchangers Market: Dynamics 4.1. Heat Exchangers Market Trends by Region 4.1.1. North America Heat Exchangers Market Trends 4.1.2. Europe Heat Exchangers Market Trends 4.1.3. Asia Pacific Heat Exchangers Market Trends 4.1.4. Middle East and Africa Heat Exchangers Market Trends 4.1.5. South America Heat Exchangers Market Trends 4.2. Heat Exchangers Market Dynamics by Region 4.2.1. North America 4.2.1.1. North America Heat Exchangers Market Drivers 4.2.1.2. North America Heat Exchangers Market Restraints 4.2.1.3. North America Heat Exchangers Market Opportunities 4.2.1.4. North America Heat Exchangers Market Challenges 4.2.2. Europe 4.2.2.1. Europe Heat Exchangers Market Drivers 4.2.2.2. Europe Heat Exchangers Market Restraints 4.2.2.3. Europe Heat Exchangers Market Opportunities 4.2.2.4. Europe Heat Exchangers Market Challenges 4.2.3. Asia Pacific 4.2.3.1. Asia Pacific Heat Exchangers Market Drivers 4.2.3.2. Asia Pacific Heat Exchangers Market Restraints 4.2.3.3. Asia Pacific Heat Exchangers Market Opportunities 4.2.3.4. Asia Pacific Heat Exchangers Market Challenges 4.2.4. Middle East and Africa 4.2.4.1. Middle East and Africa Heat Exchangers Market Drivers 4.2.4.2. Middle East and Africa Heat Exchangers Market Restraints 4.2.4.3. Middle East and Africa Heat Exchangers Market Opportunities 4.2.4.4. Middle East and Africa Heat Exchangers Market Challenges 4.2.5. South America 4.2.5.1. South America Heat Exchangers Market Drivers 4.2.5.2. South America Heat Exchangers Market Restraints 4.2.5.3. South America Heat Exchangers Market Opportunities 4.2.5.4. South America Heat Exchangers Market Challenges 4.3. PORTER’s Five Forces Analysis 4.4. PESTLE Analysis 4.5. Regulatory Landscape By Region 4.5.1. North America 4.5.2. Europe 4.5.3. Asia Pacific 4.5.4. Middle East and Africa 4.5.5. South America 4.6. Key Opinion Leader Analysis For Industry 4.7. Analysis of Government Schemes and Initiatives Industry 4.8. The Global Pandemic Impact on Heat Exchangers Market 5. Heat Exchangers Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. Heat Exchangers Market Size and Forecast, By Material (2023-2030) 5.1.1. Steel 5.1.2. Non-Steel 5.2. Heat Exchangers Market Size and Forecast, by Product (2023-2030) 5.2.1. Plate & Frame Heat Exchanger 5.2.2. Shell & Tube Heat Exchanger 5.2.3. Air-Cooled Heat Exchanger 5.2.4. Others 5.3. Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 5.3.1. Chemical & Petrochemical 5.3.2. Oil & Gas 5.3.3. HVAC & Refrigeration 5.3.4. Power Generation 5.3.5. Food & Beverage 5.3.6. Pulp & Paper 5.3.7. Others 5.4. Heat Exchangers Market Size and Forecast, By Region (2023-2030) 5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. Middle East and Africa 5.4.5. South America 6. North America Heat Exchangers Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. North America Heat Exchangers Market Size and Forecast, By Material (2023-2030) 6.1.1. Steel 6.1.2. Non-Steel 6.2. North America Heat Exchangers Market Size and Forecast, By Product (2023-2030) 6.2.1. Plate & Frame Heat Exchanger 6.2.2. Shell & Tube Heat Exchanger 6.2.3. Air-Cooled Heat Exchanger 6.2.4. Others 6.3. North America Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 6.3.1. Chemical & Petrochemical 6.3.2. Oil & Gas 6.3.3. HVAC & Refrigeration 6.3.4. Power Generation 6.3.5. Food & Beverage 6.3.6. Pulp & Paper 6.3.7. Others 6.4. North America Heat Exchangers Market Size and Forecast, by Country (2023-2030) 6.4.1. United States 6.4.1.1. United States Heat Exchangers Market Size and Forecast, By Material (2023-2030) 6.4.1.1.1. Steel 6.4.1.1.2. Non-Steel 6.4.1.2. United States Heat Exchangers Market Size and Forecast, By Product (2023-2030) 6.4.1.2.1. Plate & Frame Heat Exchanger 6.4.1.2.2. Shell & Tube Heat Exchanger 6.4.1.2.3. Air-Cooled Heat Exchanger 6.4.1.2.4. Others 6.4.1.3. United States Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 6.4.1.3.1. Chemical & Petrochemical 6.4.1.3.2. Oil & Gas 6.4.1.3.3. HVAC & Refrigeration 6.4.1.3.4. Power Generation 6.4.1.3.5. Food & Beverage 6.4.1.3.6. Pulp & Paper 6.4.1.3.7. Others 6.4.2. Canada 6.4.2.1. Canada Heat Exchangers Market Size and Forecast, By Material (2023-2030) 6.4.2.1.1. Steel 6.4.2.1.2. Non-Steel 6.4.2.2. Canada Heat Exchangers Market Size and Forecast, By Product (2023-2030) 6.4.2.2.1. Plate & Frame Heat Exchanger 6.4.2.2.2. Shell & Tube Heat Exchanger 6.4.2.2.3. Air-Cooled Heat Exchanger 6.4.2.2.4. Others 6.4.2.3. Canada Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 6.4.2.3.1. Chemical & Petrochemical 6.4.2.3.2. Oil & Gas 6.4.2.3.3. HVAC & Refrigeration 6.4.2.3.4. Power Generation 6.4.2.3.5. Food & Beverage 6.4.2.3.6. Pulp & Paper 6.4.2.3.7. Others 6.4.3. Mexico 6.4.3.1. Mexico Heat Exchangers Market Size and Forecast, By Material (2023-2030) 6.4.3.1.1. Steel 6.4.3.1.2. Non-Steel 6.4.3.2. Mexico Heat Exchangers Market Size and Forecast, By Product (2023-2030) 6.4.3.2.1. Plate & Frame Heat Exchanger 6.4.3.2.2. Shell & Tube Heat Exchanger 6.4.3.2.3. Air-Cooled Heat Exchanger 6.4.3.2.4. Others 6.4.3.3. Mexico Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 6.4.3.3.1. Chemical & Petrochemical 6.4.3.3.2. Oil & Gas 6.4.3.3.3. HVAC & Refrigeration 6.4.3.3.4. Power Generation 6.4.3.3.5. Food & Beverage 6.4.3.3.6. Pulp & Paper 6.4.3.3.7. Others 7. Europe Heat Exchangers Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Europe Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.2. Europe Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.3. Europe Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4. Europe Heat Exchangers Market Size and Forecast, by Country (2023-2030) 7.4.1. United Kingdom 7.4.1.1. United Kingdom Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.1.2. United Kingdom Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.1.3. United Kingdom Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.2. France 7.4.2.1. France Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.2.2. France Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.2.3. France Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.3. Germany 7.4.3.1. Germany Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.3.2. Germany Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.3.3. Germany Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.4. Italy 7.4.4.1. Italy Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.4.2. Italy Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.4.3. Italy Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.5. Spain 7.4.5.1. Spain Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.5.2. Spain Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.5.3. Spain Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.6. Sweden 7.4.6.1. Sweden Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.6.2. Sweden Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.6.3. Sweden Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.7. Austria 7.4.7.1. Austria Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.7.2. Austria Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.7.3. Austria Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 7.4.8. Rest of Europe 7.4.8.1. Rest of Europe Heat Exchangers Market Size and Forecast, By Material (2023-2030) 7.4.8.2. Rest of Europe Heat Exchangers Market Size and Forecast, By Product (2023-2030) 7.4.8.3. Rest of Europe Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8. Asia Pacific Heat Exchangers Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Asia Pacific Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.2. Asia Pacific Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.3. Asia Pacific Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4. Asia Pacific Heat Exchangers Market Size and Forecast, by Country (2023-2030) 8.4.1. China 8.4.1.1. China Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.1.2. China Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.1.3. China Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.2. S Korea 8.4.2.1. S Korea Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.2.2. S Korea Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.2.3. S Korea Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.3. Japan 8.4.3.1. Japan Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.3.2. Japan Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.3.3. Japan Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.4. India 8.4.4.1. India Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.4.2. India Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.4.3. India Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.5. Australia 8.4.5.1. Australia Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.5.2. Australia Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.5.3. Australia Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.6. Indonesia 8.4.6.1. Indonesia Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.6.2. Indonesia Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.6.3. Indonesia Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.7. Malaysia 8.4.7.1. Malaysia Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.7.2. Malaysia Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.7.3. Malaysia Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.8. Vietnam 8.4.8.1. Vietnam Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.8.2. Vietnam Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.8.3. Vietnam Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.9. Taiwan 8.4.9.1. Taiwan Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.9.2. Taiwan Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.9.3. Taiwan Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 8.4.10. Rest of Asia Pacific 8.4.10.1. Rest of Asia Pacific Heat Exchangers Market Size and Forecast, By Material (2023-2030) 8.4.10.2. Rest of Asia Pacific Heat Exchangers Market Size and Forecast, By Product (2023-2030) 8.4.10.3. Rest of Asia Pacific Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 9. Middle East and Africa Heat Exchangers Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030 9.1. Middle East and Africa Heat Exchangers Market Size and Forecast, By Material (2023-2030) 9.2. Middle East and Africa Heat Exchangers Market Size and Forecast, By Product (2023-2030) 9.3. Middle East and Africa Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 9.4. Middle East and Africa Heat Exchangers Market Size and Forecast, by Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Heat Exchangers Market Size and Forecast, By Material (2023-2030) 9.4.1.2. South Africa Heat Exchangers Market Size and Forecast, By Product (2023-2030) 9.4.1.3. South Africa Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 9.4.2. GCC 9.4.2.1. GCC Heat Exchangers Market Size and Forecast, By Material (2023-2030) 9.4.2.2. GCC Heat Exchangers Market Size and Forecast, By Product (2023-2030) 9.4.2.3. GCC Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 9.4.3. Nigeria 9.4.3.1. Nigeria Heat Exchangers Market Size and Forecast, By Material (2023-2030) 9.4.3.2. Nigeria Heat Exchangers Market Size and Forecast, By Product (2023-2030) 9.4.3.3. Nigeria Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 9.4.4. Rest of ME&A 9.4.4.1. Rest of ME&A Heat Exchangers Market Size and Forecast, By Material (2023-2030) 9.4.4.2. Rest of ME&A Heat Exchangers Market Size and Forecast, By Product (2023-2030) 9.4.4.3. Rest of ME&A Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 10. South America Heat Exchangers Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030 10.1. South America Heat Exchangers Market Size and Forecast, By Material (2023-2030) 10.2. South America Heat Exchangers Market Size and Forecast, By Product (2023-2030) 10.3. South America Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 10.4. South America Heat Exchangers Market Size and Forecast, by Country (2023-2030) 10.4.1. Brazil 10.4.1.1. Brazil Heat Exchangers Market Size and Forecast, By Material (2023-2030) 10.4.1.2. Brazil Heat Exchangers Market Size and Forecast, By Product (2023-2030) 10.4.1.3. Brazil Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 10.4.2. Argentina 10.4.2.1. Argentina Heat Exchangers Market Size and Forecast, By Material (2023-2030) 10.4.2.2. Argentina Heat Exchangers Market Size and Forecast, By Product (2023-2030) 10.4.2.3. Argentina Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 10.4.3. Rest Of South America 10.4.3.1. Rest Of South America Heat Exchangers Market Size and Forecast, By Material (2023-2030) 10.4.3.2. Rest Of South America Heat Exchangers Market Size and Forecast, By Product (2023-2030) 10.4.3.3. Rest Of South America Heat Exchangers Market Size and Forecast, By End-Use (2023-2030) 11. Global Heat Exchangers Market: Competitive Landscape 11.1. MMR Competition Matrix 11.2. Competitive Landscape 11.3. Key Players Benchmarking 11.3.1. Company Name 11.3.2. Service Segment 11.3.3. End-user Segment 11.3.4. Revenue (2023) 11.3.5. Company Locations 11.4. Leading Heat Exchangers Market Companies, by Market Capitalization 11.5. Market Structure 11.5.1. Market Leaders 11.5.2. Market Followers 11.5.3. Emerging Players 11.6. Mergers and Acquisitions Details 12. Company Profile: Key Players 12.1. API Heat Transfer (US) 12.1.1. Company Overview 12.1.2. Business Portfolio 12.1.3. Financial Overview 12.1.4. SWOT Analysis 12.1.5. Strategic Analysis 12.1.6. Recent Developments 12.2. Advanced Cooling Technologies, Inc. (US) 12.3. Xylem Inc. (US) 12.4. Chart Industries, Inc. (US) 12.5. Koch Heat Transfer Company (US) 12.6. Southern Heat Exchanger Corporation (US) 12.7. SPX FLOW, Inc. (US) 12.8. General Electric Company (US) 12.9. Boyd Corporation (US) 12.10. Modine Manufacturing Company (US) 12.11. Royal Hydraulics, Inc. (US) 12.12. Dover Corporation (US) 12.13. HRS Heat Exchangers (UK) 12.14. Kelvion Holding GmbH (Germany) 12.15. Güntner Group GmbH (Germany) 12.16. Funke Wärmeaustauscher Apparantebau GmbH (Germany) 12.17. GEA Group AG (Germany) 12.18. Valeo (France) 12.19. Mersen (France) 12.20. Alfa Laval AB (Sweden) 12.21. AB Arex (Sweden) 12.22. A.S.T.R.A. Refrigeranti S.p.A. (Italy) 12.23. Danfoss (Denmark) 12.24. Johnson Controls International (Ireland) 12.25. IHI Corporation (Japan) 13. Key Findings 14. Industry Recommendations