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Global Heat Transfer Equipment Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 02, 2025
Length 180 Pages
SKU # BOSS20300904

Description

Report Overview

Heat transfer equipment encompasses a range of devices designed to efficiently transfer thermal energy between fluids or between fluids and surfaces, including boilers, heat exchangers, condensers, evaporators, and cooling towers. These systems are critical across industries such as power generation, oil and gas, chemical processing, HVAC, and food & beverage, where precise temperature control and energy efficiency are paramount. The market is driven by increasing industrialization, stringent energy regulations, and the growing demand for sustainable and high-efficiency thermal solutions. Innovations like compact heat exchangers, waste heat recovery systems, and advanced materials (e.g., graphene-enhanced components) are shaping the industry, while emerging economies in Asia-Pacific and the Middle East present significant growth opportunities due to rapid infrastructure development. However, high capital costs and maintenance complexities remain challenges, pushing manufacturers toward modular and IoT-enabled smart systems for predictive maintenance and operational optimization. The competitive landscape includes global players like Alfa Laval, Kelvion, and SPX Flow, alongside regional specialists adapting to localized energy policies and environmental standards.

The global Heat Transfer Equipment market size was estimated at USD 16538.49 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.44% during the forecast period.

This report provides a deep insight into the global Heat Transfer Equipment market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Heat Transfer Equipment Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Heat Transfer Equipment market in any manner.

Global Heat Transfer Equipment Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Alfa Laval

Kelvion (GEA)

SPX Corporation

IHI

SPX-Flow

DOOSAN

API

KNM

Funke

Xylem

Thermowave

Hisaka

Sondex A/S

SWEP

LARSEN and TOUBRO

Accessen

THT

Hitachi Zosen

LANPEC

Siping ViEX

Beichen

Lanzhou LS

Defon

Ormandy

FL-HTEP

Market Segmentation (by Type)

Shell and Tube

Plate

Fin Type

Air Cooled

Market Segmentation (by Application)

Petrochemical

Electric Power and Metallurgy

Shipbuilding Industry

Mechanical Industry

Central Heating

Food Industry

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Heat Transfer Equipment Market

Overview of the regional outlook of the Heat Transfer Equipment Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Heat Transfer Equipment Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Heat Transfer Equipment, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

180 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Heat Transfer Equipment
1.2 Key Market Segments
1.2.1 Heat Transfer Equipment Segment By Type
1.2.2 Heat Transfer Equipment Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Heat Transfer Equipment Market Overview
2.1 Global Market Overview
2.1.1 Global Heat Transfer Equipment Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Heat Transfer Equipment Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Heat Transfer Equipment Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Heat Transfer Equipment Product Life Cycle
3.3 Global Heat Transfer Equipment Sales By Manufacturers (2020-2025)
3.4 Global Heat Transfer Equipment Revenue Market Share By Manufacturers (2020-2025)
3.5 Heat Transfer Equipment Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Heat Transfer Equipment Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Heat Transfer Equipment Market Competitive Situation And Trends
3.8.1 Heat Transfer Equipment Market Concentration Rate
3.8.2 Global 5 And 10 Largest Heat Transfer Equipment Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Heat Transfer Equipment Industry Chain Analysis
4.1 Heat Transfer Equipment Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Heat Transfer Equipment Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Heat Transfer Equipment Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Heat Transfer Equipment Market
5.7 Esg Ratings Of Leading Companies
6 Heat Transfer Equipment Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Heat Transfer Equipment Sales Market Share By Type (2020-2025)
6.3 Global Heat Transfer Equipment Market Size Market Share By Type (2020-2025)
6.4 Global Heat Transfer Equipment Price By Type (2020-2025)
7 Heat Transfer Equipment Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Heat Transfer Equipment Market Sales By Application (2020-2025)
7.3 Global Heat Transfer Equipment Market Size (M Usd) By Application (2020-2025)
7.4 Global Heat Transfer Equipment Sales Growth Rate By Application (2020-2025)
8 Heat Transfer Equipment Market Sales By Region
8.1 Global Heat Transfer Equipment Sales By Region
8.1.1 Global Heat Transfer Equipment Sales By Region
8.1.2 Global Heat Transfer Equipment Sales Market Share By Region
8.2 Global Heat Transfer Equipment Market Size By Region
8.2.1 Global Heat Transfer Equipment Market Size By Region
8.2.2 Global Heat Transfer Equipment Market Size Market Share By Region
8.3 North America
8.3.1 North America Heat Transfer Equipment Sales By Country
8.3.2 North America Heat Transfer Equipment Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Heat Transfer Equipment Sales By Country
8.4.2 Europe Heat Transfer Equipment Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Heat Transfer Equipment Sales By Region
8.5.2 Asia Pacific Heat Transfer Equipment Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Heat Transfer Equipment Sales By Country
8.6.2 South America Heat Transfer Equipment Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Heat Transfer Equipment Sales By Region
8.7.2 Middle East And Africa Heat Transfer Equipment Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Heat Transfer Equipment Market Production By Region
9.1 Global Production Of Heat Transfer Equipment By Region(2020-2025)
9.2 Global Heat Transfer Equipment Revenue Market Share By Region (2020-2025)
9.3 Global Heat Transfer Equipment Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Heat Transfer Equipment Production
9.4.1 North America Heat Transfer Equipment Production Growth Rate (2020-2025)
9.4.2 North America Heat Transfer Equipment Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Heat Transfer Equipment Production
9.5.1 Europe Heat Transfer Equipment Production Growth Rate (2020-2025)
9.5.2 Europe Heat Transfer Equipment Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Heat Transfer Equipment Production (2020-2025)
9.6.1 Japan Heat Transfer Equipment Production Growth Rate (2020-2025)
9.6.2 Japan Heat Transfer Equipment Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Heat Transfer Equipment Production (2020-2025)
9.7.1 China Heat Transfer Equipment Production Growth Rate (2020-2025)
9.7.2 China Heat Transfer Equipment Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Alfa Laval
10.1.1 Alfa Laval Basic Information
10.1.2 Alfa Laval Heat Transfer Equipment Product Overview
10.1.3 Alfa Laval Heat Transfer Equipment Product Market Performance
10.1.4 Alfa Laval Business Overview
10.1.5 Alfa Laval Swot Analysis
10.1.6 Alfa Laval Recent Developments
10.2 Kelvion (Gea)
10.2.1 Kelvion (Gea) Basic Information
10.2.2 Kelvion (Gea) Heat Transfer Equipment Product Overview
10.2.3 Kelvion (Gea) Heat Transfer Equipment Product Market Performance
10.2.4 Kelvion (Gea) Business Overview
10.2.5 Kelvion (Gea) Swot Analysis
10.2.6 Kelvion (Gea) Recent Developments
10.3 Spx Corporation
10.3.1 Spx Corporation Basic Information
10.3.2 Spx Corporation Heat Transfer Equipment Product Overview
10.3.3 Spx Corporation Heat Transfer Equipment Product Market Performance
10.3.4 Spx Corporation Business Overview
10.3.5 Spx Corporation Swot Analysis
10.3.6 Spx Corporation Recent Developments
10.4 Ihi
10.4.1 Ihi Basic Information
10.4.2 Ihi Heat Transfer Equipment Product Overview
10.4.3 Ihi Heat Transfer Equipment Product Market Performance
10.4.4 Ihi Business Overview
10.4.5 Ihi Recent Developments
10.5 Spx-flow
10.5.1 Spx-flow Basic Information
10.5.2 Spx-flow Heat Transfer Equipment Product Overview
10.5.3 Spx-flow Heat Transfer Equipment Product Market Performance
10.5.4 Spx-flow Business Overview
10.5.5 Spx-flow Recent Developments
10.6 Doosan
10.6.1 Doosan Basic Information
10.6.2 Doosan Heat Transfer Equipment Product Overview
10.6.3 Doosan Heat Transfer Equipment Product Market Performance
10.6.4 Doosan Business Overview
10.6.5 Doosan Recent Developments
10.7 Api
10.7.1 Api Basic Information
10.7.2 Api Heat Transfer Equipment Product Overview
10.7.3 Api Heat Transfer Equipment Product Market Performance
10.7.4 Api Business Overview
10.7.5 Api Recent Developments
10.8 Knm
10.8.1 Knm Basic Information
10.8.2 Knm Heat Transfer Equipment Product Overview
10.8.3 Knm Heat Transfer Equipment Product Market Performance
10.8.4 Knm Business Overview
10.8.5 Knm Recent Developments
10.9 Funke
10.9.1 Funke Basic Information
10.9.2 Funke Heat Transfer Equipment Product Overview
10.9.3 Funke Heat Transfer Equipment Product Market Performance
10.9.4 Funke Business Overview
10.9.5 Funke Recent Developments
10.10 Xylem
10.10.1 Xylem Basic Information
10.10.2 Xylem Heat Transfer Equipment Product Overview
10.10.3 Xylem Heat Transfer Equipment Product Market Performance
10.10.4 Xylem Business Overview
10.10.5 Xylem Recent Developments
10.11 Thermowave
10.11.1 Thermowave Basic Information
10.11.2 Thermowave Heat Transfer Equipment Product Overview
10.11.3 Thermowave Heat Transfer Equipment Product Market Performance
10.11.4 Thermowave Business Overview
10.11.5 Thermowave Recent Developments
10.12 Hisaka
10.12.1 Hisaka Basic Information
10.12.2 Hisaka Heat Transfer Equipment Product Overview
10.12.3 Hisaka Heat Transfer Equipment Product Market Performance
10.12.4 Hisaka Business Overview
10.12.5 Hisaka Recent Developments
10.13 Sondex A/S
10.13.1 Sondex A/S Basic Information
10.13.2 Sondex A/S Heat Transfer Equipment Product Overview
10.13.3 Sondex A/S Heat Transfer Equipment Product Market Performance
10.13.4 Sondex A/S Business Overview
10.13.5 Sondex A/S Recent Developments
10.14 Swep
10.14.1 Swep Basic Information
10.14.2 Swep Heat Transfer Equipment Product Overview
10.14.3 Swep Heat Transfer Equipment Product Market Performance
10.14.4 Swep Business Overview
10.14.5 Swep Recent Developments
10.15 Larsen And Toubro
10.15.1 Larsen And Toubro Basic Information
10.15.2 Larsen And Toubro Heat Transfer Equipment Product Overview
10.15.3 Larsen And Toubro Heat Transfer Equipment Product Market Performance
10.15.4 Larsen And Toubro Business Overview
10.15.5 Larsen And Toubro Recent Developments
10.16 Accessen
10.16.1 Accessen Basic Information
10.16.2 Accessen Heat Transfer Equipment Product Overview
10.16.3 Accessen Heat Transfer Equipment Product Market Performance
10.16.4 Accessen Business Overview
10.16.5 Accessen Recent Developments
10.17 Tht
10.17.1 Tht Basic Information
10.17.2 Tht Heat Transfer Equipment Product Overview
10.17.3 Tht Heat Transfer Equipment Product Market Performance
10.17.4 Tht Business Overview
10.17.5 Tht Recent Developments
10.18 Hitachi Zosen
10.18.1 Hitachi Zosen Basic Information
10.18.2 Hitachi Zosen Heat Transfer Equipment Product Overview
10.18.3 Hitachi Zosen Heat Transfer Equipment Product Market Performance
10.18.4 Hitachi Zosen Business Overview
10.18.5 Hitachi Zosen Recent Developments
10.19 Lanpec
10.19.1 Lanpec Basic Information
10.19.2 Lanpec Heat Transfer Equipment Product Overview
10.19.3 Lanpec Heat Transfer Equipment Product Market Performance
10.19.4 Lanpec Business Overview
10.19.5 Lanpec Recent Developments
10.20 Siping Viex
10.20.1 Siping Viex Basic Information
10.20.2 Siping Viex Heat Transfer Equipment Product Overview
10.20.3 Siping Viex Heat Transfer Equipment Product Market Performance
10.20.4 Siping Viex Business Overview
10.20.5 Siping Viex Recent Developments
10.21 Beichen
10.21.1 Beichen Basic Information
10.21.2 Beichen Heat Transfer Equipment Product Overview
10.21.3 Beichen Heat Transfer Equipment Product Market Performance
10.21.4 Beichen Business Overview
10.21.5 Beichen Recent Developments
10.22 Lanzhou Ls
10.22.1 Lanzhou Ls Basic Information
10.22.2 Lanzhou Ls Heat Transfer Equipment Product Overview
10.22.3 Lanzhou Ls Heat Transfer Equipment Product Market Performance
10.22.4 Lanzhou Ls Business Overview
10.22.5 Lanzhou Ls Recent Developments
10.23 Defon
10.23.1 Defon Basic Information
10.23.2 Defon Heat Transfer Equipment Product Overview
10.23.3 Defon Heat Transfer Equipment Product Market Performance
10.23.4 Defon Business Overview
10.23.5 Defon Recent Developments
10.24 Ormandy
10.24.1 Ormandy Basic Information
10.24.2 Ormandy Heat Transfer Equipment Product Overview
10.24.3 Ormandy Heat Transfer Equipment Product Market Performance
10.24.4 Ormandy Business Overview
10.24.5 Ormandy Recent Developments
10.25 Fl-htep
10.25.1 Fl-htep Basic Information
10.25.2 Fl-htep Heat Transfer Equipment Product Overview
10.25.3 Fl-htep Heat Transfer Equipment Product Market Performance
10.25.4 Fl-htep Business Overview
10.25.5 Fl-htep Recent Developments
11 Heat Transfer Equipment Market Forecast By Region
11.1 Global Heat Transfer Equipment Market Size Forecast
11.2 Global Heat Transfer Equipment Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Heat Transfer Equipment Market Size Forecast By Country
11.2.3 Asia Pacific Heat Transfer Equipment Market Size Forecast By Region
11.2.4 South America Heat Transfer Equipment Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Heat Transfer Equipment By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Heat Transfer Equipment Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Heat Transfer Equipment By Type (2026-2033)
12.1.2 Global Heat Transfer Equipment Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Heat Transfer Equipment By Type (2026-2033)
12.2 Global Heat Transfer Equipment Market Forecast By Application (2026-2033)
12.2.1 Global Heat Transfer Equipment Sales (K Units) Forecast By Application
12.2.2 Global Heat Transfer Equipment Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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