Heat Exchangers Market
Heat Exchangers Market Analysis By Product (Air Cooled Heat Exchangers, Plate and Frame Heat Exchangers, Shell and Tube Heat Exchangers), By End User (HVAC, Chemicals and Petrochemicals, Power Generation), by Region - Global Forecast Report 2022-2031
Analysis of Heat Exchangers market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Heat Exchangers Market Growth Outlook 2022-2031
Global sales of heat exchangers are expected to increase at a CAGR of 6% from 2022 to 2031.
In the year 2021, the global heat exchangers market was valued at US$ 18.94 billion, and is anticipated to reach US$ 34.24 billion by 2031.
Demand for shell and tube heat exchangers is projected to increase at a significant CAGR from 2022 to 2031, attributed to their growing usage across several industry verticals.
Report Attributes |
Details |
|
Market Size in 2021 |
US$ 18.94 Billion |
|
Projected Forecast Value 2031 |
US$ 34.24 Billion |
|
Global Market Growth Rate (2022-2031) |
6% CAGR |
|
Europe Market Share (2022) |
35% |
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Key Companies Profiled |
|
Demand Analysis of Heat Exchangers from 2017-2021 Vs Market Outlook for 2022-2031
“Growing Need to Use of Energy-efficient Devices to Boost Demand for Heat Exchangers”
The global heat exchangers market was valued at US$ 18.94 billion in 2021.
A heat exchanger is a device that allows heat to be transferred from one fluid to another. It's utilized to regulate a system's or substance's temperature. It contains hot and cooler fluid streams that are used to transfer thermal energy between them. If the fluids are immiscible, they can be separated by a regenerative thermal oxidizer or plate or kept in direct contact.
These heat transfer devices aid in the heating and cooling of buildings, as well as the proper operation of motors and machinery. As a result, air blast coolers, heater coils, boilers, furnaces, heat pumps, freezers, car radiators, sewage treatment, and air conditioning systems all use them.
The market is primarily driven by significant increase in the demand for heat, ventilation, and air conditioning (HVAC) from the industrial, commercial, and residential sectors. This can be attributed to rising disposable income levels, shifting living standards, and globally extreme average climatic conditions.
Furthermore, rising environmental concerns among consumers about the use of energy-efficient and environmentally-friendly devices are driving market growth. Government organizations have enacted strict rules to limit carbon emissions across industries, resulting in a bright future for the heat exchangers industry.
Demand for heat exchangers is projected to rise at a CAGR of 6% from 2022 to 2031.
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Competitive landscape highlights only certain players
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Which Emerging Trend is Fuelling Sales of Heat Exchangers?
“Rapid Deployment of Advanced Technologies for Waste Heat Recovery”
Every industry on the planet generates waste heat, which can be trapped and reused to harness high temperatures and energies. Because this equipment is equipped with the functionality to do so, it is in high demand across all industry verticals.
Their use generates revenues for the owner by increasing heat utilization and lowering energy costs per unit. Furthermore, application industries including power plants and the food and beverage industry are growing at a strong rate, supporting investment in such exchangers.
The global need for energy has been fueled by causes such as rising population rates and rapid industrialization. However, because of increased greenhouse gas emissions from companies, this has a negative impact on the environment.
As a result, a number of businesses are using energy-efficient technologies for waste heat recovery and improving process optimization by installing innovative heat recovery devices in a variety of industrial applications. This is projected to contribute to the global heat exchangers market growth over the forecast period.
Which Roadblocks are Hampering Heat Exchangers Market Expansion?
“High Maintenance Cost & Fluctuating Raw Material Prices Restraining Market Growth”
Raw material price fluctuations in copper, aluminum, steel, and other metals affect heat exchanger manufacturers.
One of the major market limitations is the regular cracking and rust of devices, which is accompanied by difficult tube cleaning. Because this equipment has to deal with a variety of chemicals and water types, internal part corrosion is a big worry, and the complexity of maintaining and replacing any parts adds to the losses.
These considerations may limit market expansion to some extent.
Which Region Will Lead Revenue Generation for Heat Exchanger Manufacturers?
“Increasing Demand for Sustainable Energy Usage Driving Market Growth in Europe”
Europe accounts for 35% revenue share of the global heat exchangers market. Increasing focus on less carbon-intensive activities and demand for sustainable energy usage driving demand for heat exchangers in the region.
Industrial development is predicted to be fuelled by rising public and private infrastructure investments, as well as increased demand from a variety of end-use industries for steam heat exchangers with improved durability, performance, and corrosion resistance.
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Country-wise Insights
How is the U.S. Heat Exchangers Market Faring?
“Rising Energy Consumption in Commercial Sectors Driving Market Growth”
The need for heat exchangers in the United States is predicted to rise as oil and gas development activities increase. Furthermore, rising energy consumption in a variety of private and commercial sectors is expected to enhance the power and energy sectors, boosting the market for heat exchangers over the coming years.
Many well-known enterprises in the fields of oil and gas, information and communication technology, HVAC, automobiles, aviation, and aerospace are based in the United States. Increased investment in technological advancements will increase operating efficiencies, resulting in lower energy use.
With a booming aviation industry, the United States is expected to account for high demand for aircraft heat exchangers over the coming years.
Why is There High Consumption of Heat Exchangers in China?
“Government Initiatives for Infrastructure Development to Propel Market Revenue”
The market in China is likely to rise rapidly over the forecast period due to increased demand for heat exchangers from the chemical industry. Overall expansion of the market has been aided by rapid industrialization and increased investments in production, commercial, and industrial projects.
Rise in the population and increasing attempts by the government to improve the infrastructure of the country are driving the market for heat exchangers, especially regenerative heat exchangers.
China’s marine sector is one of the biggest in the world. With a maritime network spanning the globe, the country will see consistent demand for marine heat exchangers, thereby driving overall growth of the market for heat exchangers.
Category-wise Insights
Why is Demand for Shell and Tube Heat Exchangers Rising Rapidly?
“Shell and Tube Heat Exchangers Most Popular Owing to Their Cost-effective Benefits”
Shell and tube heat exchangers are expected to account for around 40% of market sales over the forecast period, as they are more cost-effective than other forms of heat exchangers. They are preferred in many industries, including petrochemicals and food and drinks since they are simple to install and maintain at greater working temperatures and pressures.
Shell and tube heat exchangers are utilized in applications that demand a wide temperature and pressure range, as well as the transfer of two liquids, liquids and gases, or two gases. These heat exchangers have a simple design and are suitable for transferring heat from steam to water.
Which End User is Bringing in High Profits for Heat Exchanger Suppliers?
“Heat Exchangers Commonly Used in Chemicals & Petrochemicals Due to Their Flexibility in Design”
Chemicals and petrochemicals account for a significant portion of the market. The use of heat exchangers in a complicated series of processes is a key driver for the chemical segment. They have the ability to manage fluids with varied quantities of solids due to their characteristics.
The petrochemical sector is expected to develop in response to the rising demand for fertilizers, plastics, packaging, electronic devices, medical devices, and textiles. In addition, the integration of petrochemical products in advanced power systems, such as wind turbines, solar cells, and electric vehicle parts, is expected to propel the industry forward.
As a result, the aforementioned reasons are projected to stimulate demand for these goods in chemical and petrochemical industries.
COVID-19 Impact on Heat Exchangers Consumption
The COVID-19 pandemic hampered different industrial activities and disrupted the supply chain, affecting practically all industries. The COVID-19 pandemic caused delays in heat exchanger manufacturing and supply. Because of lockdown restrictions, limited personnel availability, supply chain disruptions, country-wide lockdowns, and fluctuating raw materials prices, heat exchanger producers encountered unexpected hurdles.
On the other hand, companies are slowly returning to normalcy with their operations, resuming and slowly restoring pre-pandemic levels. Several energy projects are expected to aid market expansion. The growth in industrial activities, development, and the emergence of new power plants are expected to boost the market.
Competitive Landscape
Heat exchanger manufacturers collaborate with others to produce innovative heat transfer products to meet the world's expanding energy needs. Heat exchanger providers are trying to gain a competitive advantage over their competitors by expanding the scope of their products' applications.
For instance :
- In December 2021, Alfa Laval signed a global partnership deal with Microsoft to create digital solutions to help with the maintenance and support for its plate heat exchanger range. End users will be able to identify customers’ requirements using artificial intelligence (AI) in these new devices.
Key Segments Covered in Industry Research
-
By Product :
- Air Cooled Heat Exchangers
- Plate and Frame
- Shell and Tube
- Others (Condensers, Oil Coolers, and Radiators)
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By End User :
- HVAC
- Chemicals and Petrochemicals
- Power Generation
- Others (Food Processing, Aerospace, and Medical)
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By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions/Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product modifications /Innovation 4. Key Success Factors 4.1. Strategic Developments 4.2. Key regulations 4.3. Product USPs /Technology 4.4. List of manufacturers and providers 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Global GDP outlook 5.1.2. Increasing R&D Expenditure 5.2. Forecast Factors - Relevance & Impact 5.2.1. New Product launches 5.2.2. Cost of Products 5.3. Market Dynamics 5.3.1. Drivers 5.3.2. Restraints 5.3.3. Opportunity Analysis 6. COVID19 Crisis Analysis 6.1.1. Current COVID19 Statistics and Probable Future Impact 6.1.2. Current GDP Projection and Probable Impact 6.1.3. Current Economic Projection as Compared to 2008 Economic analysis 6.1.4. COVID19 and Impact Analysis 6.1.4.1. Revenue By Product 6.1.4.2. Revenue By End User 6.1.4.3. Revenue By Country 6.1.5. 2021 Market Scenario 6.1.6. Quarter by Quarter Forecast 6.1.7. Projected Recovery Quarter 7. Global Heat Exchangers Market Volume (Units) Analysis 2017-2021 and Forecast, 2022-2031 7.1. Historical Market Volume (Units) Analysis, 2017-2021 7.2. Current and Future Market Volume (Units) Projections, 2022-2031 7.2.1. Y-o-Y Growth Trend Analysis 8. Global Heat Exchangers Market - Pricing Analysis 8.1. Regional Pricing Analysis By Product 8.2. Pricing Break-up 8.2.1. Manufacturer Level Pricing 8.2.2. Distributor Level Pricing 8.3. Global Average Pricing Analysis Benchmark 9. Global Heat Exchangers Market Value Analysis 2017–2021 and Forecast, 2022-2031 9.1. Historical Market Value (US$ Mn) Analysis, 2017–2021 9.2. Current and Future Market Value (US$ Mn) Projections, 2022-2031 9.2.1. Y-o-Y Growth Trend Analysis 9.2.2. Absolute $ Opportunity Analysis 10. Global Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031, by Product 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Products & Services, 2017–2021 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product, 2022-2031 10.3.1. Air Cooled Heat Exchangers 10.3.2. Plate and Frame Heat Exchangers 10.3.3. Shell and Tube Heat Exchangers 10.3.4. Others (Condensers, Oil Coolers, and Radiators) 10.4. Market Attractiveness Analysis By Product 11. Global Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031, by End User 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By End User , 2017–2021 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User , 2022-2031 11.3.1. HVAC 11.3.2. Chemicals and Petrochemicals 11.3.3. Power Generation 11.3.4. Others (Food Processing, Aerospace, and Medical) 11.4. Market Attractiveness Analysis By End User 12. Global Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2017–2021 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022-2031 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 13.3.1. By Country 13.3.1.1. U.S. 13.3.1.2. Canada 13.3.2. By Product 13.3.3. By End User 13.4. Market Attractiveness Analysis 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Latin America Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Argentina 14.3.1.4. Rest of Latin America 14.3.2. By Product 14.3.3. By End User 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. Europe Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. U.K. 15.3.1.5. Spain 15.3.1.6. Russia 15.3.1.7. Rest of Europe 15.3.2. By Product 15.3.3. By End User 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 16.1. Introduction 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Rest of South Asia 16.3.2. By Product 16.3.3. By End User 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. East Asia Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 17.1. Introduction 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 17.3.1. By Country 17.3.1.1. China 17.3.1.2. Japan 17.3.1.3. South Korea 17.3.1.4. Rest of East Asia 17.3.2. By Product 17.3.3. By End User 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 18.1. Introduction 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 18.3.1. By Country 18.3.1.1. Australia 18.3.1.2. New Zealand 18.3.2. By Product 18.3.3. By End User 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 19.1. Introduction 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 19.3.1. By Country 19.3.1.1. GCC Countries 19.3.1.2. South Africa 19.3.1.3. Rest of Middle East and Africa 19.3.2. By Product 19.3.3. By End User 19.4. Market Attractiveness Analysis 19.5. Drivers and Restraints - Impact Analysis 20. Key and Emerging Countries Heat Exchangers Market Analysis 2017–2021 and Forecast 2022-2031 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. U.S. Heat Exchangers Market Analysis 20.2.1. By Product 20.2.2. By End User 20.3. Canada Heat Exchangers Market Analysis 20.3.1. By Product 20.3.2. By End User 20.4. Mexico Heat Exchangers Market Analysis 20.4.1. By Product 20.4.2. By End User 20.5. Brazil Heat Exchangers Market Analysis 20.5.1. By Product 20.5.2. By End User 20.6. U.K. Heat Exchangers Market Analysis 20.6.1. By Product 20.6.2. By End User 20.7. Germany Heat Exchangers Market Analysis 20.7.1. By Product 20.7.2. By End User 20.8. France Heat Exchangers Market Analysis 20.8.1. By Product 20.8.2. By End User 20.9. Italy Heat Exchangers Market Analysis 20.9.1. By Product 20.9.2. By End User 20.10. Spain Heat Exchangers Market Analysis 20.10.1. By Product 20.10.2. By End User 20.11. BENELUX Heat Exchangers Market Analysis 20.11.1. By Product 20.11.2. By End User 20.12. Russia Heat Exchangers Market Analysis 20.12.1. By Product 20.12.2. By End User 20.13. China Heat Exchangers Market Analysis 20.13.1. By Product 20.13.2. By End User 20.14. Japan Heat Exchangers Market Analysis 20.14.1. By Product 20.14.2. By End User 20.15. South Korea Heat Exchangers Market Analysis 20.15.1. By Product 20.15.2. By End User 20.16. India Heat Exchangers Market Analysis 20.16.1. By Product 20.16.2. By End User 20.17. ASEAN Heat Exchangers Market Analysis 20.17.1. By Product 20.17.2. By End User 20.18. Australia Heat Exchangers Market Analysis 20.18.1. By Product 20.18.2. By End User 20.19. New Zealand Heat Exchangers Market Analysis 20.19.1. By Product 20.19.2. By End User 20.20. GCC Countries Heat Exchangers Market Analysis 20.20.1. By Product 20.20.2. By End User 20.21. Turkey Heat Exchangers Market Analysis 20.21.1. By Product 20.21.2. By End User 20.22. South Africa Heat Exchangers Market Analysis 20.22.1. By Product 20.22.2. By End User 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.4.1. By Regional footprint of Players 21.4.2. Product foot print by Players 21.4.3. Channel Foot Print by Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep dive 22.3.1. SAACKE GmbH 22.3.1.1. Overview 22.3.1.2. Product Portfolio 22.3.1.3. Profitability by Market Segments 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.1.5.1. Marketing Strategy 22.3.1.5.2. Product Strategy 22.3.1.5.3. Channel Strategy 22.3.2. Heatmaster BV 22.3.2.1. Overview 22.3.2.2. Product Portfolio 22.3.2.3. Profitability by Market Segments 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.2.5.1. Marketing Strategy 22.3.2.5.2. Product Strategy 22.3.2.5.3. Channel Strategy 22.3.3. Alfa Laval Corporate AB 22.3.3.1. Overview 22.3.3.2. Product Portfolio 22.3.3.3. Profitability by Market Segments 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.3.5.1. Marketing Strategy 22.3.3.5.2. Product Strategy 22.3.3.5.3. Channel Strategy 22.3.4. Southwest Thermal Technology 22.3.4.1. Overview 22.3.4.2. Product Portfolio 22.3.4.3. Profitability by Market Segments 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.4.5.1. Marketing Strategy 22.3.4.5.2. Product Strategy 22.3.4.5.3. Channel Strategy 22.3.5. General Electric Company 22.3.5.1. Overview 22.3.5.2. Product Portfolio 22.3.5.3. Profitability by Market Segments 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.5.5.1. Marketing Strategy 22.3.5.5.2. Product Strategy 22.3.5.5.3. Channel Strategy 22.3.6. Thermax Limited 22.3.6.1. Overview 22.3.6.2. Product Portfolio 22.3.6.3. Profitability by Market Segments 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.6.5.1. Marketing Strategy 22.3.6.5.2. Product Strategy 22.3.6.5.3. Channel Strategy 22.3.7. SPX Flow, Inc. 22.3.7.1. Overview 22.3.7.2. Product Portfolio 22.3.7.3. Profitability by Market Segments 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.7.5.1. Marketing Strategy 22.3.7.5.2. Product Strategy 22.3.7.5.3. Channel Strategy 22.3.8. Kelvion Holding GmbH 22.3.8.1. Overview 22.3.8.2. Product Portfolio 22.3.8.3. Profitability by Market Segments 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.8.5.1. Marketing Strategy 22.3.8.5.2. Product Strategy 22.3.8.5.3. Channel Strategy 23. Assumptions and Acronyms Used 24. Research Methodology
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List Of Table
Table 01: Global Heat Exchangers Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017–2031, By Product
Table 02: Global Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 03: Global Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 04: Global Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Region
Table 05: North America Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 06: North America Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 07: North America Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 08: Latin America Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 09: Latin America Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 10: Latin America Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 11: Europe Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 12: Europe Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 13: Europe Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 14: South Asia Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 15: South Asia Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 16: South Asia Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 17: East Asia Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 18: East Asia Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 19: East Asia Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 20: Oceania Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 21: Oceania Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 22: Oceania Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
Table 23: Middle East and Africa Heat Exchangers Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 24: Middle East and Africa Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Product
Table 25: Middle East and Africa Heat Exchangers Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By End User
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List Of Figures
Figure 01: Global Heat Exchangers Market Volume (in 000' Units) Analysis, 2017-2021
Figure 02: Global Heat Exchangers Market Volume Forecast (in 000' Units), 2022-2031
Figure 03: Heat Exchangers Pricing Analysis (US$) Per Product, By Region, 2021
Figure 04: Heat Exchangers Pricing Analysis (US$) Per Product, By Region, 2021
Figure 05: Global Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 06: Global Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 07: Global Heat Exchangers Market Absolute $ Opportunity, 2022-2031
Figure 08: Global Heat Exchangers Market Share Analysis (%), By Product, 2022-2031
Figure 09: Global Heat Exchangers Market Y-o-Y Analysis (%), By Product, 2022-2031
Figure 10: Global Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 11: Global Heat Exchangers Market Share Analysis (%), By End User, 2022-2031
Figure 12: Global Heat Exchangers Market Y-o-Y Analysis (%), By End User, 2022-2031
Figure 13: Global Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 14: Global Heat Exchangers Market Share Analysis (%), By Region, 2022-2031
Figure 15: Global Heat Exchangers Market Y-o-Y Analysis (%), By Region, 2022-2031
Figure 16: Global Heat Exchangers Market Attractiveness Analysis by Region, 2022-2031
Figure 17: North America Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 18: North America Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 19: North America Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 20: North America Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 21: North America Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 22: North America Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 23: North America Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 24: North America Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 25: Latin America Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 26: Latin America Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 27: Latin America Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 29: Latin America Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 30: Latin America Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 31: Latin America Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 32: Latin America Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 33: Europe Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 34: Europe Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 35: Europe Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 36: Europe Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 37: Europe Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 38: Europe Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 39: Europe Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 40: Europe Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 41: South Asia Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 42: South Asia Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 43: South Asia Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 45: South Asia Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 46: South Asia Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 47: South Asia Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 48: South Asia Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 49: East Asia Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 50: East Asia Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 51: East Asia Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 53: East Asia Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 54: East Asia Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 55: East Asia Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 56: East Asia Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 57: Oceania Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 58: Oceania Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 59: Oceania Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 61: Oceania Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 62: Oceania Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 63: Oceania Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 64: Oceania Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 65: Middle East and Africa Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 66: Middle East and Africa Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 67: Middle East and Africa Heat Exchangers Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Heat Exchangers Market Value Analysis (US$ Mn), 2017-2021
Figure 69: Middle East and Africa Heat Exchangers Market Value Forecast (US$ Mn), 2022-2031
Figure 70: Middle East and Africa Heat Exchangers Market Attractiveness Analysis by Product, 2022-2031
Figure 71: Middle East and Africa Heat Exchangers Market Attractiveness Analysis by End User, 2022-2031
Figure 72: Middle East and Africa Heat Exchangers Market Attractiveness Analysis by Country, 2022-2031
Figure 73: U. S. Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 74: U. S. Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 75: U. S. Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 76: Canada Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 77: Canada Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 78: Canada Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 79: Mexico Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 80: Mexico Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 81: Mexico Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 82: Brazil Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 83: Brazil Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 84: Brazil Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 85: U. K. Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 86: U. K. Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 87: U. K. Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 88: Germany Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 89: Germany Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 90: Germany Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 91: France Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 92: France Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 93: France Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 94: Italy Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 95: Italy Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 96: Italy Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 97: Spain Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 98: Spain Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 99: Spain Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 100: Russia Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 101: Russia Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 102: Russia Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 103: China Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 104: China Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 105: China Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 106: Japan Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 107: Japan Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 108: Japan Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 109: South Korea Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 110: South Korea Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 111: South Korea Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 112: India Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 113: India Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 114: India Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 115: ASEAN Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 116: ASEAN Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 117: ASEAN Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 118: Australia Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 119: Australia Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 120: Australia Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 121: New Zealand Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 122: New Zealand Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 123: New Zealand Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 124: GCC Countries Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 125: GCC Countries Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 126: GCC Countries Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 127: Turkey Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 128: Turkey Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 129: Turkey Heat Exchangers Market Value Share, By End User, 2022 (E)
Figure 130: South Africa Heat Exchangers Market Value Analysis (US$ Mn), 2022 & 2031
Figure 131: South Africa Heat Exchangers Market Value Share, By Product, 2022 (E)
Figure 132: South Africa Heat Exchangers Market Value Share, By End User, 2022 (E)
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- FAQs -
What is the global heat exchangers market size?
The global heat exchangers market is estimated to be worth US$ 20.1 billion in 2022.
Who are the key providers of heat exchangers?
SAACKE GmbH, Heatmaster BV, Alfa Laval Corporate AB, Southwest Thermal Technology, and General Electric Company are key suppliers of heat exchangers.
At what CAGR is the heat exchangers market expected to progress?
The heat exchangers market is expected to rise at a CAGR of around 6% over the forecast period of 2022 to 2031.
Which are the top 5 countries driving most demand for heat exchangers?
The U.S., Canada, India, China, and Germany are expected to drive most of the demand for heat exchangers.
Which key dynamics drive the heat exchangers market?
Increasing industrialization & urbanization and rapid adoption of HVAC systems across the residential, commercial, and industrial sectors are driving market growth.
Which product of heat exchangers accounts for the highest sales?
Shell and tube heat exchangers account for 40% share of the global heat exchangers market.
Heat Exchangers Market