Global Heat Exchanger Supply, Demand and Key Producers, 2026-2032

The global Heat Exchanger market size is expected to reach $ 26920 million by 2032, rising at a market growth of 5.7% CAGR during the forecast period (2026-2032).

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.

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.

This report studies the global Heat Exchanger production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Heat Exchanger and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Heat Exchanger that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Heat Exchanger total production and demand, 2021-2032, (Units)

Global Heat Exchanger total production value, 2021-2032, (USD Million)

Global Heat Exchanger production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Units), (based on production site)

Global Heat Exchanger consumption by region & country, CAGR, 2021-2032 & (Units)

U.S. VS China: Heat Exchanger domestic production, consumption, key domestic manufacturers and share

Global Heat Exchanger production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Units)

Global Heat Exchanger production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Units)

Global Heat Exchanger production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Units)

This report profiles key players in the global Heat Exchanger market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Alfa Laval, Kelvion (GEA), SPX, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Heat Exchanger market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Heat Exchanger Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Heat Exchanger Market, Segmentation by Type:
Shell & Tube Heat Exchanger
Plate Heat Exchanger
Air Cooled Heat Exchanger
Other Types

Global Heat Exchanger Market, Segmentation by Application:
Petrochemical
Electric Power & Metallurgy
Shipbuilding Industry
Mechanical Industry
Central Heating
Food Industry
Other Applications

Companies Profiled:
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

Key Questions Answered:

1. How big is the global Heat Exchanger market?

2. What is the demand of the global Heat Exchanger market?

3. What is the year over year growth of the global Heat Exchanger market?

4. What is the production and production value of the global Heat Exchanger market?

5. Who are the key producers in the global Heat Exchanger market?

6. What are the growth factors driving the market demand? Show more