South Korea Heat Exchanger Market Report and Forecast 2025-2034
Description
The South Korea heat exchanger market size is projected to expand at a CAGR of 5.80% between 2025 and 2034.
The use of heat exchangers in South Korea is expected to gain momentum with technological advancements in the design of heat exchangers. For example, the invention of gasketed plate heat exchangers which provides improved channel flows and better use of heat transfer surface area.
As per the South Korea heat exchanger market analysis, shell and tube heat exchangers lead the market because of their efficient heat exchange rate and simple design. They are highly flexible and can operate across a range of temperatures and pressures, which make them apt for use in the chemical sector. Since it is made using various kinds of construction materials, it is tolerant to high pressure conditions. They are very reliable and are easy to maintain since they can be easily taken apart for cleaning, maintenance, or repair work, and put back together. They can be used in all types of applications and have lower environmental impact (use less energy and emit lower pollution) compared to traditional methods.
The growing focus on improving heating, ventilation, and air conditioning (HVAC) systems to boost efficiency is projected to raise the importance of heat exchangers in advancing energy conservation and decreasing carbon emissions. This aligns with the growing demand for sustainable and eco-friendly technologies across key sectors of South Korea.
Additionally, cooling towers can utilise heat exchangers to cool condenser water and thus, the chilled water loop in case outside air temperatures are lower, enabling the electric chiller to remain inactive. The increasing applications of heat exchangers with improvement in technologies are expected to aid the South Korea heat exchanger market growth.
Market Segmentation
South Korea Heat Exchanger Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Shell and Tube
Air Cooled
Plate and Frame
Others
Market Breakup by Material
Stainless Steel
Carbon Steel
Nickel
Others
Market Breakup by End Use
HVAC
Chemical
Oil and Gas
Power Generation
Paper and Pulp
Others
Competitive Landscape
The major players are continuously investing in product improvement and innovation to stay competitive in the market.
Danfoss A/S
General Electric Company
Alfa Laval AB
HISAKA WORKS, LTD.
Mersen Corporate Services SAS
Hantech Ltd
Daekyung Engineering & Construction Co. Ltd.
Kib plug energy Co., Ltd.
Others
The use of heat exchangers in South Korea is expected to gain momentum with technological advancements in the design of heat exchangers. For example, the invention of gasketed plate heat exchangers which provides improved channel flows and better use of heat transfer surface area.
As per the South Korea heat exchanger market analysis, shell and tube heat exchangers lead the market because of their efficient heat exchange rate and simple design. They are highly flexible and can operate across a range of temperatures and pressures, which make them apt for use in the chemical sector. Since it is made using various kinds of construction materials, it is tolerant to high pressure conditions. They are very reliable and are easy to maintain since they can be easily taken apart for cleaning, maintenance, or repair work, and put back together. They can be used in all types of applications and have lower environmental impact (use less energy and emit lower pollution) compared to traditional methods.
The growing focus on improving heating, ventilation, and air conditioning (HVAC) systems to boost efficiency is projected to raise the importance of heat exchangers in advancing energy conservation and decreasing carbon emissions. This aligns with the growing demand for sustainable and eco-friendly technologies across key sectors of South Korea.
Additionally, cooling towers can utilise heat exchangers to cool condenser water and thus, the chilled water loop in case outside air temperatures are lower, enabling the electric chiller to remain inactive. The increasing applications of heat exchangers with improvement in technologies are expected to aid the South Korea heat exchanger market growth.
Market Segmentation
South Korea Heat Exchanger Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Shell and Tube
Air Cooled
Plate and Frame
Others
Market Breakup by Material
Stainless Steel
Carbon Steel
Nickel
Others
Market Breakup by End Use
HVAC
Chemical
Oil and Gas
Power Generation
Paper and Pulp
Others
Competitive Landscape
The major players are continuously investing in product improvement and innovation to stay competitive in the market.
Danfoss A/S
General Electric Company
Alfa Laval AB
HISAKA WORKS, LTD.
Mersen Corporate Services SAS
Hantech Ltd
Daekyung Engineering & Construction Co. Ltd.
Kib plug energy Co., Ltd.
Others
Table of Contents
90 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Heat Exchanger Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Heat Exchanger Historical Market (2018-2024)
- 5.3 Asia Pacific Heat Exchanger Market Forecast (2025-2034)
- 5.4 Asia Pacific Heat Exchanger Market Breakup by Country
- 5.4.1 China
- 5.4.2 Japan
- 5.4.3 South Korea
- 5.4.4 ASEAN
- 5.4.5 Australia
- 5.4.6 South Korea
- 5.4.7 Others
- 6 South Korea Heat Exchanger Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Heat Exchanger Historical Market (2018-2024)
- 6.3 South Korea Heat Exchanger Market Forecast (2025-2034)
- 7 South Korea Heat Exchanger Market by Type
- 7.1 Shell and Tube
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Air Cooled
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Plate and Frame
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Others
- 8 South Korea Heat Exchanger Market by Material
- 8.1 Stainless Steel
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Carbon Steel
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Nickel
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 South Korea Heat Exchanger Market by End Use
- 9.1 HVAC
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Chemical
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Oil and Gas
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Power Generation
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Paper and Pulp
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Danfoss A/S
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 General Electric Company
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Alfa Laval AB
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 HISAKA WORKS, LTD.
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Mersen Corporate Services SAS
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Hantech Ltd.
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Daekyung Engineering & Construction Co. Ltd.
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Kib plug energy Co., Ltd.
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Others
Pricing
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