Report overview
Heat Exchangers is a piece of equipment built for efficient heat transfer from one medium to another. Heat exchangers are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.
This report aims to provide a comprehensive presentation of the global market for Heat Exchanger, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heat Exchanger. This report contains market size and forecasts of Heat Exchanger in global, including the following market information:
Global Heat Exchanger Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Heat Exchanger Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Heat Exchanger companies in 2022 (%)
The global Heat Exchanger market was valued at US$ 15620 million in 2022 and is projected to reach US$ 22800 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Heat Exchanger key players include Alfa Laval, Kelvion (GEA), SPX, IHI, Danfoss (Sondex) etc. Global top five manufacturers hold a share over 35%. Asia-Pacific is the largest market, with a share over 30%, followed by North America and Europe, both have a share over 50% percent.
In terms of product, Shell & Tube Heat Exchanger is the largest segment, with a share over 30%. And in terms of application, the largest application is Petrochemical, followed by Electric Power & Metallurgy.
We surveyed the Heat Exchanger manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heat Exchanger Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Heat Exchanger Market Segment Percentages, by Type, 2022 (%)
Shell & Tube Heat Exchanger
Plate Heat Exchanger
Air Cooled Heat Exchanger
Other Types
Global Heat Exchanger Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Heat Exchanger Market Segment Percentages, by Application, 2022 (%)
Petrochemical
Electric Power & Metallurgy
Shipbuilding Industry
Mechanical Industry
Central Heating
Food Industry
Other Applications
Global Heat Exchanger Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Heat Exchanger Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heat Exchanger revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Heat Exchanger revenues share in global market, 2022 (%)
Key companies Heat Exchanger sales in global market, 2018-2023 (Estimated), (Units)
Key companies Heat Exchanger sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Alfa Laval
Kelvion (GEA)
SPX
IHI
Danfoss (Sondex)
SPX-Flow
DOOSAN
API
KNM
Funke
Xylem
Thermowave
Hisaka
SWEP
LARSEN & TOUBRO
Accessen
THT
Hitachi Zosen
LANPEC
Siping ViEX
Beichen
Lanzhou LS
Defon
Ormandy
FL-HTEP
Outline of Major Chapters:
Chapter 1: Introduces the definition of Heat Exchanger, market overview.
Chapter 2: Global Heat Exchanger market size in revenue and volume.
Chapter 3: Detailed analysis of Heat Exchanger manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Heat Exchanger in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Heat Exchanger capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
