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Heat Exchanger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • ID: 5530337
  • Report
  • January 2022
  • Region: Global
  • 143 Pages
  • IMARC Group

FEATURED COMPANIES

  • Alfa Laval
  • Danfoss
  • Hisaka Works
  • Johnson Controls
  • Koch Industries
  • Mersen
The global heat exchanger market reached a value of US$ 16.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 23.4 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor

A heat exchanger refers to a device that is used for transferring heat from one fluid to another. It is used for controlling the temperature of a system or substance. It contains streams of hot and cold fluids, which are utilized to transfer thermal energy among the streams. They may be separated by a thermally conductive tube or plate or kept in direct contact if the fluids are immiscible. These devices assist in heating or cooling buildings as well as enable efficient functioning of engines and machines. As a result, they are widely utilized in boilers, furnaces, refrigerators, automotive radiators, sewage treatment and air conditioning systems

The significantly rising demand for heat, ventilation and air-conditioning (HVAC) from industrial, commercial and residential sectors is primarily driving the growth of the market. This can be accredited to the inflating disposable income levels, changing living standards and extreme average climatic conditions across the globe. Moreover, rising environmental concerns amongst individuals regarding the use of energy-efficient and environment-friendly devices are also influencing the market growth. Governments of several countries have implemented stringent regulations to reduce carbon emissions across various industries, which are creating a positive outlook for the heat exchanger market. Furthermore, manufacturers are constantly engaging in research and development (R&D) activities in the heat exchange technology to launch cost-effective and efficient product variants, which is expected to drive the market growth further

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global heat exchanger market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, material and end-use industry

Breakup by Type:

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

Breakup by Material:

  • Carbon Steel
  • Stainless Steel
  • Nickel
  • Others

Breakup by End-Use Industry:

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

Breakup by Region
  • North America
United States
Canada
  • Europe
Germany
France
United Kingdom
Italy
Spain
Russia
  • Others
  • Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
  • Others
  • Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
  • Others
  • Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the top heat exchanger manufacturers being Alfa Laval, API Heat Transfer Inc., Danfoss, General Electric Company, Hisaka Works, IHI Corporation, Johnson Controls, Kelvion Holding GmbH, Koch Industries, Lytron Inc., Mersen, Modine Manufacturing, Royal Hydraulics, Sondex A/S, Xylem Inc., etc

Key Question Answered in this Report

1. What was the global heat exchanger market size in 2021?
2. What is the impact of COVID-19 on the global heat exchanger market?
3. What will be the heat exchanger market outlook during the forecast period (2022-2027)?
4. What are the global heat exchanger market drivers?
5. What are the major trends in the global heat exchanger market?
6. What is the global heat exchanger market breakup by type?
7. What is the global heat exchanger market breakup by material?
8. What is the global heat exchanger market breakup by end use industry?
9. What are the major regions in the global heat exchanger market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alfa Laval
  • Danfoss
  • Hisaka Works
  • Johnson Controls
  • Koch Industries
  • Mersen

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Heat Exchanger Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Shell & Tube
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Plate & Frame
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Air Cooled
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Material
7.1 Carbon Steel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Stainless Steel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Nickel
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End-Use Industry
8.1 Chemical
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Petrochemical and Oil & Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 HVAC and Refrigeration
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Food & Beverage
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Power Generation
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Paper & Pulp
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Europe
9.2.1 Germany
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 France
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 United Kingdom
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 Italy
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Spain
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Russia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Japan
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 India
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 South Korea
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Australia
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Indonesia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Argentina
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.4.4 Colombia
9.4.4.1 Market Trends
9.4.4.2 Market Forecast
9.4.5 Chile
9.4.5.1 Market Trends
9.4.5.2 Market Forecast
9.4.6 Peru
9.4.6.1 Market Trends
9.4.6.2 Market Forecast
9.4.7 Others
9.4.7.1 Market Trends
9.4.7.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Turkey
9.5.1.1 Market Trends
9.5.1.2 Market Forecast
9.5.2 Saudi Arabia
9.5.2.1 Market Trends
9.5.2.2 Market Forecast
9.5.3 Iran
9.5.3.1 Market Trends
9.5.3.2 Market Forecast
9.5.4 United Arab Emirates
9.5.4.1 Market Trends
9.5.4.2 Market Forecast
9.5.5 Others
9.5.5.1 Market Trends
9.5.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Alfa Laval
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 API Heat Transfer Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Danfoss
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 General Electric Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Hisaka Works
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 IHI Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Johnson Controls
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Kelvion Holding GmbH
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Koch Industries
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 SWOT Analysis
14.3.10 Lytron Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Mersen
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Modine Manufacturing
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Royal Hydraulics
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 Sondex A/S
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.15 Xylem Inc.
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Heat Exchanger Market: Major Drivers and Challenges
Figure 2: Global: Heat Exchanger Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 4: Global: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 5: Global: Heat Exchanger Market: Breakup by End-Use Industry (in %), 2021
Figure 6: Global: Heat Exchanger Market: Breakup by Region (in %), 2021
Figure 7: Global: Heat Exchanger Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Heat Exchanger (Shell & Tube) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Heat Exchanger (Shell & Tube) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Heat Exchanger (Plate & Frame) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Heat Exchanger (Plate & Frame) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Heat Exchanger (Air Cooled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Heat Exchanger (Air Cooled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Heat Exchanger (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Heat Exchanger (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Heat Exchanger (Carbon Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Heat Exchanger (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Heat Exchanger (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Heat Exchanger (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Heat Exchanger (Nickel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Heat Exchanger (Nickel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Heat Exchanger (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Heat Exchanger (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Heat Exchanger (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Heat Exchanger (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Heat Exchanger (Petrochemical and Oil & Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Heat Exchanger (Petrochemical and Oil & Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Heat Exchanger (HVAC and Refrigeration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Heat Exchanger (HVAC and Refrigeration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Heat Exchanger (Food & Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Heat Exchanger (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Heat Exchanger (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Heat Exchanger (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Heat Exchanger (Paper & Pulp) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Heat Exchanger (Paper & Pulp) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Heat Exchanger (Other End-Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Heat Exchanger (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Asia Pacific: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Asia Pacific: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: China: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: China: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Japan: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Japan: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: South Korea: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: South Korea: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Australia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Australia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Indonesia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Indonesia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Argentina: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Argentina: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Colombia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Colombia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Chile: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Chile: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Peru: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Peru: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Middle East and Africa: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Turkey: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Turkey: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Saudi Arabia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Saudi Arabia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Iran: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Iran: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: United Arab Emirates: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 101: United Arab Emirates: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 102: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 103: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 104: Global: Heat Exchanger Industry: SWOT Analysis
Figure 105: Global: Heat Exchanger Industry: Value Chain Analysis
Figure 106: Global: Heat Exchanger Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Heat Exchanger Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Heat Exchanger Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Heat Exchanger Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Heat Exchanger Market Forecast: Breakup by End-Use Industry (in Million US$), 2022-2027
Table 5: Global: Heat Exchanger Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Heat Exchanger Market: Competitive Structure
Table 7: Global: Heat Exchanger Market: Key Players
Note: Product cover images may vary from those shown
  • Alfa Laval
  • API Heat Transfer Inc.
  • Danfoss
  • General Electric Company
  • Hisaka Works
  • IHI Corporation
  • Johnson Controls
  • Kelvion Holding GmbH
  • Koch Industries
  • Lytron Inc.
  • Mersen
  • Modine Manufacturing
  • Royal Hydraulics
  • Sondex A/S
  • Xylem Inc.
Note: Product cover images may vary from those shown

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