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Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2023

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2023

“The heat exchangers market is projected to grow at a CAGR of 9.0% during the forecast period.”

The heat exchangers market is estimated to be USD 14.68 billion in 2018 and is projected to reach USD 22.59 billion by 2023, at a CAGR of 9.0% between 2018 and 2023. Heat exchangers are environmentally-friendly, and they offer advantages, such as high operating efficiency and reduced energy consumption. Heat exchangers are used across a wide range of applications, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. The lack of awareness about energy efficiency in buildings is hindering the growth of the market for heat exchangers.

“HVACR is expected to be the fastest-growing application segment of the heat exchangers market during the forecast period.”

The HVACR application segment is expected to grow at the highest CAGR between 2018 and 2023. The growth of this segment can be attributed to the growing building & construction industry and increased government investments in infrastructural projects.

“Asia Pacific is projected to be the fastest-growing market for heat exchangers during the forecast period.“

Asia Pacific is projected to be the fastest-growing market for heat exchangers, in terms of value during the forecast period. China and India are two major markets for heat exchangers in Asia Pacific. The 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 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 - 38%, Tier 2 - 56%, and Others - 6%
By Designation: C level -60%, Director level - 30%, and Others - 10%
By Region: North America - 15%, Europe - 31%, Asia Pacific - 23%, Middle East & Africa - 23%, and South America - 8%

Key companies profiled in this market research report are Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Gunter (Germany), Hindustan Dorr-Oliver (India), and Hisaka Works (Japan).

Research Coverage
This report covers the heat exchangers market, in terms of value and forecasts its market size till 2023. The report includes the market segmentation based on type (shell & tube, plate & frame, air cooled, and others), application (chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, pulp & paper, and others), and region (APAC, Europe, North America, and Middle East & Africa, and South America). The regions have been further segmented based on key countries into the US, Canada, Mexico, Germany, the UK, France, Russia, Italy, Sweden, Turkey, China, Japan, India, South Korea, Saudi Arabia, and Brazil. 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 exchangers 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 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
      • YEARS CONSIDERED FOR THE STUDY
    • 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 OPPORTUNITIES IN THE HEAT EXCHANGERS MARKET
    • HEAT EXCHANGERS MARKET, BY TYPE
    • HEAT EXCHANGERS MARKET, BY APPLICATION
    • HEAT EXCHANGERS MARKET IN THE APAC REGION
    • HEAT EXCHANGERS MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • MACROECONOMIC INDICATORS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, CURRENT PRICES, USD BILLION (2016-2023)
    • CHEMICAL INDUSTRY
    • ENERGY CONSUMPTION DATA, 2016
      • Table ENERGY CONSUMPTION DATA, BY KEY COUNTRY, 2015-2016
    • CRUDE OIL PRODUCTION DATA, 2016
      • Table CRUDE OIL PRODUCTION DATA, BY KEY COUNTRY, 2015-2016
      • NUCLEAR ENERGY
    • STEEL INDUSTRY
      • Table STEEL PRODUCTION DATA, BY KEY COUNTRY, 2016
  • HEAT EXCHANGERS MARKET, BY TYPE
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (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, 2016-2023 (USD MILLION)
    • CHEMICAL
      • FINE CHEMICALS & PHARMACEUTICAL
    • PETROCHEMICAL AND OIL & GAS
      • OIL & GAS HEATER
    • HVACR
    • FOOD & BEVERAGE
      • SUGAR AND ETHANOL PRODUCTION
      • OTHER APPLICATIONS
    • POWER GENERATION
    • PULP & PAPER
    • OTHERS
  • HEAT EXCHANGERS MARKET, BY GRAPHITE
    • INTRODUCTION
    • CUBIC HEAT EXCHANGERS
    • GRAPHITE BLOCK HEAT EXCHANGERS
    • POLYTUBE GRAPHITE SHELL & TUBE BLOCK HEAT EXCHANGERS
      • Table GRAPHITE HEAT EXCHANGERS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • PRINTED CIRCUIT HEAT EXCHANGERS MARKET
    • INTRODUCTION
      • Table PRINTED CIRCUIT HEAT EXCHANGERS MARKET SHARE, BY REGION, 2016-2023 (USD MILLION)
  • HEAT EXCHANGERS MARKET, BY REGION
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • US
        • Table US: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table US: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table MEXICO: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • APAC
      • Table APAC: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table APAC: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • UK
        • Table UK: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table UK: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • SWEDEN
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • TURKEY
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SITUATIONS & TRENDS
      • EXPANSIONS
        • Table EXPANSIONS, 2015-2018
      • ACQUISITION
        • Table ACQUISITIONS, 2015-2018
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2015-2018
      • CONTRACTS AND AGREEMENTS
        • Table CONTRACT AND AGREEMENTS
  • COMPANY PROFILES
    • ALFA LAVAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KELVION HOLDINGS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DANFOSS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SPX CORPORATION AND GODREJ & BOYCE MANUFACTURING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • XYLEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • API HEAT TRANSFER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • GUNTNER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HINDUSTAN DORR-OLIVER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HISAKA WORKS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • JOHNSON CONTROLS INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER COMPANIES
      • HRS HEAT EXCHANGERS
      • MODINE MANUFACTURING COMPANY
      • SIERRA
      • SWEP INTERNATIONAL
      • MERSEN
      • THERMAX GLOBAL
      • KOCH HEAT TRANSFER COMPANY
      • HARSCO INDUSTRIAL AIR-X-CHANGERS
      • BARRIQUAND TECHNOLOGIES
      • FUNKE WARMEAUSTAUSCHER APPARATEBAU
      • VAHTERUS
      • RADIANT HEAT EXCHANGER
      • DOOSAN CORPORATION
      • AIR PRODUCTS AND CHEMICALS
      • THERMOFIN
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • RELATED REPORTS
    • AUTHOR DETAILS

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