Market Research Logo

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Paper & pulp), and Region - Global Forecast to 2022

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Paper & pulp), and Region - Global Forecast to 2022

“Increasing investments in chemical and HVACR industries drive the heat exchangers market”
The market size of heat exchangers is estimated to reach USD 20.65 billion by 2022, at a CAGR of 8.3% from 2017 to 2022. Heat exchangers offer various advantages, such as high operating efficiency and reduced energy consumption. The heat exchanger market is spread across a wide range of end-use industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR.

“HVACR is one of the fastest-growing applications of heat exchanger”
The HVACR application segment is projected to grow at the highest CAGR from 2017 to 2022. The high growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems.

“Rising demand from Asia Pacific is a major driver of the heat exchanger market“
Asia Pacific is expected to be the fastest-growing market for heat exchangers in terms of value during the forecast period. China and India are the two major markets for heat exchangers in Asia Pacific. The high growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for heat exchangers in both China and India.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.
• By Company Type: Tier 1 – 33%, Tier 2 – 60%, and Others – 7%
• By Designation: C level – 56%, Director level – 33%, and Others –- 11%
• By Region: North America – 17%, Europe – 33%, Asia-Pacific – 25%, Middle East & Africa – 17%, and South America – 8%

The key companies profiled in this market research report are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), SPX Corporation (US), Xylem Inc. (US), API Heat Transfer Inc. (US), Gunter AG & Co. KG (Germany), Hamon & Cie International SA (Belgium), Hindustan Dorr-Oliver Limited (India), Hisaka Works Limited (Japan), HRS Heat Exchangers (India), Modine Manufacturing Company (US), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark).

Research Coverage
The market is segmented based on type, application, and region. This report covers the heat exchangers market, in terms of value and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the global heat exchangers market.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the heat exchanger market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • SIGNIFICANT MARKET OPPORTUNITIES IN THE HEAT EXCHANGERS MARKET
    • HEAT EXCHANGERS MARKET IN ASIA PACIFIC REGION, BY APPLICATION AND COUNTRY
    • HEAT EXCHANGERS MARKET, BY REGION (2016)
    • HEAT EXCHANGERS MARKET, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • RAW MATERIAL ANALYSIS
      • STEEL
      • NON-STEEL
    • PORTER'S FIVE FORCES
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF RIVALRY
  • HEAT EXCHANGERS MARKET, BY TYPE
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
    • SHELL & TUBE HEAT EXCHANGERS
      • TUBULAR HEAT EXCHANGERS
    • PLATE & FRAME HEAT EXCHANGERS
      • GASKETED PLATE & FRAME HEAT EXCHANGERS
      • WELDED PLATE & FRAME HEAT EXCHANGERS
      • BRAZED HEAT EXCHANGERS
    • AIR COOLED HEAT EXCHANGERS
    • OTHERS
      • EXTENDED SURFACE HEAT EXCHANGERS
      • REGENERATIVE HEAT EXCHANGERS
  • HEAT EXCHANGERS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • CHEMICAL
    • PETROCHEMICAL AND OIL & GAS
    • HVACR
    • FOOD & BEVERAGE
    • POWER GENERATION
    • PAPER & PULP
  • HEAT EXCHANGERS MARKET, BY MATERIAL OF CONSTRUCTION, TEMPERATURE RANGE & FLUID TYPE
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SHARE, BY MATERIAL OF CONSTRUCTION, 2016 (USD MILLION)
      • STEEL HEAT EXCHANGERS
        • Table STEEL HEAT EXCHANGERS MARKET SHARE, BY TYPE, 2016 (USD MILLION)
      • NON-STEEL HEAT EXCHANGERS
        • Table NON-STEEL HEAT EXCHANGERS MARKET SHARE, BY TYPE, 2016 (USD MILLION)
    • FLUID TYPE: WATER-BASED & THERMIC FLUIDS
      • Table HEAT EXCHANGERS MARKET SHARE, BY FLUID TYPE, 2016 (USD MILLION)
    • TEMPERATURE RANGE
      • Table HEAT EXCHANGERS MARKET SHARE, BY TEMPERATURE RANGE, 2016 (USD MILLION)
  • GRAPHITE HEAT EXCHANGERS MARKET
    • INTRODUCTION
      • CUBIC HEAT EXCHANGERS
      • GRAPHITE BLOCK HEAT EXCHANGERS
      • POLYTUBE GRAPHITE SHELL & TUBE BLOCK HEAT EXCHANGERS
        • Table GRAPHITE HEAT EXCHANGERS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • PRINTED CIRCUIT HEAT EXCHANGERS MARKET
    • INTRODUCTION
      • Table PRINTED CIRCUIT HEAT EXCHANGERS MARKET SHARE, BY REGION, 2015-2022 (USD MILLION)
  • HEAT EXCHANGERS MARKET, BY REGION
    • INTRODUCTION
      • Table GLOBAL HEAT EXCHANGERS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • US
        • Table US: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table US: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • CANADA
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • CHINA
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • INDIA
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • JAPAN
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MALAYSIA
        • Table MALAYSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table MALAYSIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 ( USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • WESTERN EUROPE
      • Table WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • ITALY
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • UK
        • Table UK: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table UK: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SWEDEN
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF WESTERN EUROPE
        • Table REST OF WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table REST OF WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • CENTRAL & EASTERN EUROPE
      • Table CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • TURKEY
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF CENTRAL & EUROPE
        • Table REST OF CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table REST OF CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
      • DYNAMIC DIFFERENTIATOR
      • INNOVATORS
      • VISIONARY LEADERS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MARKET RANKING OF KEY PLAYERS
  • COMPANY PROFILE
    • ALFA LAVAL AB
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • KELVION HOLDINGS GMBH
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • DANFOSS A/S
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SPX CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
    • XYLEM INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCT OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • API HEAT TRANSFER INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
    • GUNTNER GMBH & CO. KG
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HAMON & CIE INTERNATIONAL
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HINDUSTAN DORR-OLIVER LTD.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HISAKA WORKS, LTD.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • OTHER KEY PLAYERS
      • HRS HEAT EXCHANGERS LTD.
      • MODINE MANUFACTURING COMPANY
      • SIERRA S.P.A.
      • SWEP INTERNATIONAL AB
      • MERSEN
      • THERMAX GLOBAL
      • KOCH HEAT TRANSFER COMPANY
      • GEA GROUP AKTIENGESELLSCHAFT
      • HARSCO INDUSTRIAL AIR-X-CHANGERS
      • BARRIQUAND TECHNOLOGIES
      • TRANTER INC.
      • FUNKE WARMEAUSTAUSCHER APPARATEBAU GMBH
      • VAHTERUS
      • RADIANT HEAT EXCHANGER PVT. LTD.
      • SMART HEAT INCORPORATED
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report