Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Material (Steel, Non-Steel) Application (Chemical, Energy, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2024

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Material (Steel, Non-Steel) Application (Chemical, Energy, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2024

“The heat exchangers market is projected to grow at a CAGR of 6.0% during the forecast period.”
The heat exchangers market is estimated to be USD 15.3 billion in 2019 and is projected to reach USD 20.5 billion by 2024, at a CAGR of 6.0% between 2019 and 2024. Heat exchangers are environmentally-friendly, and they offer advantages, such as high operating efficiency and reduced energy consumption owing to which heat exchangers have high demand across a wide range of industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, chemical, and HVACR.

“Energy segment is expected to be the fastest-growing end-use industry of the heat exchangers market during the forecast period.”
The energy industry segment is expected to grow at the highest CAGR between 2019 and 2024. The growth of this segment can be attributed to the expansion activities across upstream and downstream processing plants across the petrochemical and oil & gas sector. Growth in the exports of crude oil supported by the increased demand for fuel and petrochemical products is a major driving force for the heat exchangers market globally.

“APAC is projected to be the fastest-growing market for heat exchangers during the forecast period.“
APAC 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 – 55%, Tier 2 – 27%, and Others – 18%
By Designation: C level –36%, Director level – 18%, and Others – 46%
By Region: North America – 20%, Europe – 20%, APAC – 37%, Middle East & Africa – 15%, 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), Chart Industries (US), Hisaka Works (Japan), Johnson Controls International (Ireland),.

Research Coverage
This report covers the heat exchangers market, in terms of value and forecasts its market size until 2024. The report includes the market segmentation based on type (shell & tube, plate & frame, air-cooled, and others), end-use industry (chemical, energy, HVACR, food & beverage, power generation, pulp & paper, and others), material (Steel and Non-Steel), 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 is expected to help market leaders/new entrants in the following ways:
1. This report segments the heat exchangers market and provides the closest approximations of the overall market size for its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the market and provide information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product launch, acquisition, and expansion.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
      • MARKET SCOPE
      • REGIONS COVERED
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
      • HEAT EXCHANGERS MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
    • LIMITATIONS
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE GLOBAL HEAT EXCHANGERS MARKET
    • HEAT EXCHANGERS MARKET IN APAC, 2018
    • HEAT EXCHANGERS MARKET, BY TYPE
    • HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY
    • HEAT EXCHANGERS MARKET GROWTH RATE, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES
      • THREAT FROM NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF RIVALRY
    • RAW MATERIAL ANALYSIS
      • Table HEAT EXCHANGERS MARKET SIZE, BY MATERIAL, 2017-2024 (USD MILLION)
      • STEEL
      • NON-STEEL
  • HEAT EXCHANGERS MARKET, BY TYPE
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (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
      • AIR COOLED HEAT EXCHANGERS PRIMARILY USED IN CHEMICAL AND ENERGY INDUSTRIES
    • OTHERS
      • EXTENDED SURFACE HEAT EXCHANGERS
      • REGENERATIVE HEAT EXCHANGERS
  • HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • CHEMICAL
      • CHEMICAL INDUSTRY TO DOMINATE THE HEAT EXCHANGERS MARKET
      • SPECIALTY CHEMICALS
    • ENERGY
      • ENERGY SECTOR IS FASTEST-GROWING END USER OF HEAT EXCHANGERS
    • HVAC AND REFRIGERATION
      • URBANIZATION DRIVING THE DEMAND FOR HEAT EXCHANGERS IN HVAC SEGMENT
    • FOOD & BEVERAGE
      • GROWING CONSUMPTION OF PACKAGED AND PROCESSED FOOD PRODUCTS DRIVING THE DEMAND IN FOOD & BEVERAGE INDUSTRY
      • SUGAR AND ETHANOL PRODUCTION
      • OTHERS
    • POWER GENERATION
      • EFFORTS TO INCREASE ENERGY OUTPUT OF POWER PLANTS TO DRIVE THE USAGE OF HEAT EXCHANGERS IN POWER INDUSTRY
    • PULP & PAPER
      • HEAT EXCHANGERS USED IN PULP & PAPER INDUSTRY FOR WASTEWATER TREATMENT AND HEAT RECOVERY
    • OTHERS
  • HEAT EXCHANGERS MARKET, BY REGION
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
      • Table HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • Table HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • US
        • Table US: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table US: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • CANADA
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • MEXICO
        • Table MEXICO: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table MEXICO: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • APAC
      • Table APAC: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • Table APAC: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • CHINA
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • INDIA
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • JAPAN
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • Table EUROPE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • GERMANY
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • FRANCE
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • ITALY
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • UK
        • Table UK: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table UK: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • SWEDEN
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • TURKEY
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • Table SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024, (USD MILLION)
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024, (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING, 2018
      • VISIONARY LEADERS
      • INNOVATORS
      • EMERGING COMPANIES
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MARKET RANKING OF KEY PLAYERS, 2018
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH, 2015-2019
      • EXPANSION
        • Table EXPANSION, 2015-2019
      • ACQUISITION
        • Table ACQUISITION 2015-2019
  • COMPANY PROFILE
    • ALFA LAVAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • REVENUE POCKET OF THE COMPANY, BY INDUSTRY
      • SWOT ANALYSIS
      • ALFA LAVAL'S RIGHT TO WIN
    • KELVION HOLDINGS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • KELVION'S RIGHT TO WIN
    • DANFOSS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • DANFOSS'S RIGHT TO WIN
    • XYLEM
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • API HEAT TRANSFER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • CHART INDUSTRIES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • GUNTNER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HINDUSTAN DORR-OLIVER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • 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
      • SIERRA
      • SWEP INTERNATIONAL
      • MERSEN
      • THERMAX GLOBAL
      • KOCH HEAT TRANSFER COMPANY
      • BARRIQUAND TECHNOLOGIES
      • FUNKE WARMEAUSTAUSCHER APPARATEBAU
      • VAHTERUS
      • RADIANT HEAT EXCHANGER
      • SMART HEAT INCORPORATED
      • DOOSAN CORPORATION
      • AIR PRODUCTS AND CHEMICALS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • RELATED REPORTS
    • AUTHOR DETAILS

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