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Heat Exchangers - Global Strategic Business Report

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    Report

  • 1736 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 347951

Global Heat Exchangers Market to Reach $28 Billion by 2030

The global market for Heat Exchangers estimated at US$17.5 Billion in the year 2022, is projected to reach a revised size of US$28 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Shell & Tube Heat Exchangers, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$6.5 Billion by the end of the analysis period. Growth in the Cooling Towers segment is estimated at 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 7.9% CAGR

The Heat Exchangers market in the U.S. is estimated at US$3.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 675 Featured)

  • AMETEK, Inc.
  • Alfa Laval AB
  • Actini Group
  • Advanced Cooling Technologies, Inc.
  • AB Arex
  • Altex Industries, Inc.
  • Anguil Environmental Systems, Inc.
  • Applied Thermal Control Ltd.
  • Armstrong Air
  • Armstrong Fluid Technology
  • Armstrong International, Inc.
  • American Heating Co., Inc.
  • Armstrong Engineering Associates, Inc.
  • Air Products Inc.
  • Ambrell

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Heat Exchangers Market

What is the estimated value of the Heat Exchangers Market?

The Heat Exchangers Market was estimated to be valued at $17.5 Billion in 2022.

What is the growth rate of the Heat Exchangers Market?

The growth rate of the Heat Exchangers Market is 6.1%, with an estimated value of $28 Billion by 2030.

What is the forecasted size of the Heat Exchangers Market?

The Heat Exchangers Market is estimated to be worth $28 Billion by 2030.

Who are the key companies in the Heat Exchangers Market?

Key companies in the Heat Exchangers Market include AMETEK, Inc., Alfa Laval AB, Actini Group, Advanced Cooling Technologies, Inc., AB Arex, Altex Industries, Inc., Anguil Environmental Systems, Inc., Applied Thermal Control Ltd., Armstrong Air and Armstrong Fluid Technology.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Weak Global Economic Environment Dents Market Prospects
  • Business Climate Indicator in the Euro Area for the Period September 2020 to August 2021
  • HVAC Systems with Filtration: Relevant Answer to Tough COVID-19 Test
  • Heat Exchangers and Boilers to Play Crucial Role amid COVID-19 Pandemic
  • The Crisis Opens Floodgates of Real Opportunities for Steam & Boiler Industry
  • An Introduction to Heat Exchangers
  • Product Groups
  • Product Types and Segments
  • End-Use Market: A Brief Note
  • Key End-Use Industries for Heat Exchangers
  • Heat Exchangers: The Most Important & Ubiquitous Process Equipment in Industries
  • Global Heat Exchangers Market: Overview and Outlook
  • Playing Instrumental Role in Numerous Industries
  • Sophisticated Design Options for Next-Generation, Eco-Friendly Heat Exchangers
  • 3D Printing Unfolds Exciting Design Opportunities for Heat Exchangers
  • Segment Overview: Growing Need for Advanced Equipment Augurs Well for Shell & Tube Heat Exchanger Market
  • Strong Demand from End-Use Verticals Enables Heat Exchanger Market to Maintain Positive Trajectory in Long Term
  • Chemical Industry Commands Major Share
  • Oil & Gas Remains Major Application Segment for Heat Exchangers
  • Regional Analysis: Europe Secures Commanding Position in Global Heat Exchanger Market
  • World Heat Exchangers Market (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Heat Exchangers Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Rest of World, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • HVAC Companies Adapt Strategies to Navigate Unsettling Phase of COVID-19
  • Leading Players in the Global Plate Heat Exchangers Market (2020): Percentage Share Breakdown of Revenues for Alfa Laval and Others
  • Leading Players in the Global Compact Heat Exchangers Market (2020): Percentage Value Breakdown by Company
  • Recent Market Activity
  • Select Global Brands
  • Heat Exchangers - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Sustained Focus on Energy Efficiency in Modern Industrial Environments to Rev Up Opportunities for Heat Exchangers
  • Growing Popularity of Energy Audits to Help Identify Saving Opportunities & the Resulting Increased Spending on Energy Efficiency to Benefit Demand for Energy Efficient Heat Exchangers: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2019 by Region
  • Undeniable Productivity Benefits of Industrial Energy Efficiency Measures to Spur the Commercial Value of Energy Efficient Heat Exchangers: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2019 by Industry
  • Energy Efficiency & Cost Savings Step Up Market Opportunities for Compact Heat Exchangers
  • Energy Efficiency Benefits Drive Migration from Shell & Tube to Plate Heat Exchangers
  • Despite Slowdown in Demand, Chemical Industry to Remain the Dominant Consumer of Heat Exchangers
  • Projected Stability in Capital Spending in the Chemical Industry Provides Opportunities for New and Replacement Demand for Heat Exchangers: CAPEX in the World Chemical Industry (In US$ Billion) for the Years 2018, 2021 and 2023
  • World Chemical Industry Revenues (in %) by Segment for the Year 2021
  • Critical Role of Heat Exchangers in the Power Generation/Utilities Sector Augurs Well
  • Continued Dominance of Coal & Move to Clean Coal Technologies to Drive the Importance of Heat Exchangers in Enabling Plant Efficiency & Emission Reduction
  • Focus on Heat Recovery & Utilization of Sensible and Latent Heat from Flue Gas to Drive the Value of Heat Exchangers in Coal Fired Power Plants Against the Backdrop of Robust Outlook for Clean Coal Power: Global Thermal Power Generated from Coal (In Billion Kilowatt-hours) by Region for the Years 2018 and 2024
  • Focus on Renewable Energy: A Double Win for Heat Exchangers in the Energy Sector
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Leading Countries with Renewable Energy as % of total Energy
  • Robust Outlook for Renewables to Echo Downstream Into the Heat Exchangers Market: World Renewable Energy Production (In Billion Kilowatt Hours) by Energy Source for the Years 2017, 2020, 2030 and 2040
  • Expected Revival of Nuclear Energy to Drive Opportunities in the Heat Exchangers Market
  • With Over 500 Operational & Under Construction Nuclear Reactors, Demand for Heat Exchangers in Nuclear Power Plants is Poised for Growth in the Medium to Long Term Period: Global Number of Nuclear Reactors in Operation & Under Construction (In Units) by Geographic Region for the Year 2018
  • Volatile Oil Prices Revive the Emphasis on Productivity & Capital Efficiency in O&G Industry
  • As Oil Companies Scramble to be Better Prepared for the Next Price Crash, Innovative Heat Exchangers Capable of Providing Value Via Production Improvements & Efficiencies Will be the Only Ones to Gain in the Volatile Market Environment: Global Prices of Brent Crude (In US$ Per Barrel) for the Years 2012 through 2021
  • Structural Shocks & the Ensuing Permanent Break in Oil Prices to Push Demand for Underwater Heat Exchangers
  • Medley of Factors Dole Out Challenges & Opportunities in Equal Measure for the Global Oil Refining Market
  • With Growth Skewed Towards Alternative Liquid Fuels, Oil Refineries Face a High Risk Exposure as the Oil Shake Up Marks the Transition Towards a Low Carbon Economy: Global Liquid Fuel Cumulative Demand Growth (In ‘000 Barrels per Day) by Type for the Years 2018, 2021 & 2023
  • Healthy Market for Processed Food to Benefit Demand for Heat Exchangers in the Food Processing Sector
  • As the Hidden Workhorses of Heating and Cooling in the Food & Beverage Industry, Demand for Heat Exchangers Benefits from the Growing Demand for Packaged Food: World Retail Market for Food & Beverages (in US$ Trillion) for the Years 2019 & 2023
  • Plate Heat Exchangers Struggle with Poor Maintenance & Low Utilization Rates in Food Industry
  • Transformative Heat Exchanger Technology Bonanza for Dairy Processing Industry
  • Stringent Wastewater Treatment Laws Provide Fertile Ground for Heat Exchanger Sales
  • Growing Industrial Effluent Discharge Coupled With the Massive Water Reuse Opportunity Provided by the Emerging Circular Economy Offers Lucrative Opportunities for Heat Exchangers in the Wastewater Treatment Industry: Volume of Industrial Wastewater Generated in the U.S & Europe (In 000 m3 (Cubic Meters)) for the Year 2018
  • Shortage of Freshwater Spurs Land Based Use of Seawater Heat Exchangers
  • Declining Freshwater Availability Throws the Technology Focus on Seawater Heat Exchangers: Per Capita Availability of Water in Select Countries (In '000 m3) for Years 1975, 2000 & 2025
  • Water Shortages to Drive Demand for Air Coolers
  • Heat Exchangers Find Increased Acceptance in Marine Industry
  • Heat Exchangers Remain Critical Elements of Modern Data Centers
  • Mining Industry Trends Continue to Discourage Heat Exchangers Market
  • Labor Presents the Most Significant Downside Risk for the Mining Industry in the Form of Increased Production Costs: Production Cost Breakdown of Mining Projects (In %) for the Year 2020
  • Innovations in Cooling Tower Design and Technology Crucial to Future Market Growth
  • Supportive Innovative Technologies of Heat Exchangers
  • Artificial Intelligence (AI) Makes Its Revolutionary Presence Felt in the Heat Exchangers Market
  • Growing Prominence of Robotic & Intelligent Process Automation in the Era of Smart Factories to Drive the Commercial Value of AI Based Heat Exchanger Control & Monitoring: Global Spending on Robotic Process Automation & Intelligent Process Automation (In US$ Million) for the Years 2016, 2018, 2020 and 2022
  • Next-generation Factory Assembled Cooling Towers to Positively Impact Bottom Line of HVAC and Industrial Processes
  • Advancements in Plume Abatement Technologies and Drift Eliminators Address Environmental Concerns to Drive Healthy Demand
  • New Design and Material Innovations Increase Cooling Efficiency
  • Innovation in Heat Exchanger Flow Patterns, Fins & Grooves Infuse Vigor in the Market
  • R&D Focus on Material Science Helps Leverage Benefits of Newer Raw Materials
  • Select Innovations
  • Focus on Intelligent Maintenance & Continuous Monitoring of Heat Exchangers Drives Opportunities for Replacement Demand
  • A Note on Industry Standards and Codes
  • Duct Cleaning and Air Conditioning Do Not Affect COVID-19 Transmission
  • Trends Linked to Heat Exchanger Technology Set New Standards in Energy Efficiency
  • Issues & Challenges
  • F-Gas Regulations
  • Low Awareness about Benefits of Building Energy Efficiency
  • Pricing and Distribution
  • Pricing Behavior by Product Segment
  • Steel as Raw Material Dominates
  • Pricing Behavior by End-Use Segment
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Shell & Tube Heat Exchangers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Shell & Tube Heat Exchangers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Shell & Tube Heat Exchangers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Cooling Towers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Cooling Towers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Cooling Towers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Air Coolers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Air Coolers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Air Coolers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Gasketed PHE by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Gasketed PHE by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Gasketed PHE by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Welded PHE by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Welded PHE by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Welded PHE by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Brazed PHE by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Brazed PHE by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Brazed PHE by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for HVAC & Refrigeration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for HVAC & Refrigeration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for HVAC & Refrigeration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 30: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 31: World Recent Past, Current & Future Analysis for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 32: World Historic Review for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 33: World 16-Year Perspective for Power Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 34: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 35: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 36: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 37: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 38: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 39: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 40: World Heat Exchangers Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 41: World Recent Past, Current & Future Analysis for Heat Exchangers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 42: World Historic Review for Heat Exchangers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 43: World 16-Year Perspective for Heat Exchangers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • COVID-19 Pandemic Impacts Heat Exchangers Market
  • Glimmer of Hope in the HVAC Market amid Crippling Impact of COVID-19
  • Increased Awareness to Spur Demand for Energy Efficient Heat Exchangers
  • Shale Gas Revolution: A Fundamental Driver of Growth in the Use of Heat Exchangers in Liquefaction Plants
  • Annual Production of Shale Gas (In Trillion Cubic Feet) in the United States (2015, 2016, 2017, 2020, 2030, 2040 & 2050): A Measure of Addressable Opportunity for Exchangers in Heat Recovery Applications in Shale Gas Processing
  • Wet Cooling Towers Dominate the Cooling Tower Market
  • Opportunities Exist for New Entrants in HVAC&R Heat Exchangers Market
  • CANADA
  • JAPAN
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Market Overview
  • Although Weakening, China to Remain a Dominant Market for Heat Exchangers in the Medium to Long Term Period
  • China’s Current Dominant Hold on Global Manufacturing Output & Its Central Role in World Trade Makes the Country a Major Market for Heat Exchangers in Asia: Percentage Breakdown of Global Manufacturing Output by Region for the Years 1990, 2013, 2017 & 2025
  • Shell & Tube Heat Exchanger Segment to Post Solid Growth
  • Governmental Initiatives to Drive Growth
  • Rising Focus on Energy Saving, Environment Friendly Technology
  • Aalborg CSP Resumes Production of Heat Exchangers in China Post COVID-19 Lockdown
  • EUROPE
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Shell and Tube Heat Exchangers: Brief Note
  • Plate Heat Exchangers
  • Air Coolers
  • Cooling Towers
  • Analysis by End-Use Segment
  • Chemicals Industry
  • Oil & Gas
  • HVAC and Refrigeration
  • Other Applications
  • Regulatory Environment
  • FRANCE
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Market Overview
  • AUSTRALIA
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Heat Exchangers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AMETEK, Inc.
  • Alfa Laval AB
  • Actini Group
  • Advanced Cooling Technologies, Inc.
  • AB Arex
  • Altex Industries, Inc.
  • Anguil Environmental Systems, Inc.
  • Applied Thermal Control Ltd.
  • Armstrong Air
  • Armstrong Fluid Technology
  • Armstrong International, Inc.
  • American Heating Co., Inc.
  • Armstrong Engineering Associates, Inc.
  • Air Products Inc.
  • Ambrell