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Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), Classifications (MoC, Temperature Range & Fluid Type) and Geography - Forec

Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), Classifications (MoC, Temperature Range & Fluid Type) and Geography - Forecast to 2021

“Increasing investments in chemical and HVACR industries drive the heat exchanger market”

The market size of heat exchangers is estimated to reach USD 19.14 billion by 2021, at a CAGR of 8.2%. Heat exchangers offer various advantages, such as high operating efficiency, reduced energy consumption, and keeping pace with the green trends. 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. Therefore, the market is set to grow with the growth in other related industries in the upcoming years.

“HVACR is one of the fastest-growing applications of heat exchanger”

HVACR application is estimated to register the highest CAGR between 2015 and 2021. The high growth is attributed to the growing building & construction industry and increased government investments in infrastructure projects resulting in installation of HVACR systems. In 2015, the HVACR segment accounted for the third largest market share among all applications, in terms of value, followed by food & beverage, power generation, and paper & pulp.

“Rising demand from Asia-Pacific is a major driver of the heat exchanger market“

Asia-Pacific is the fastest growing market for heat exchangers in terms of value in the forecast period. China and India are the two major markets of heat exchangers in Asia-Pacific. The Chinese chemical industry has the largest share in Asia-Pacific resulting in an increased growth of the market. Also, a 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 – 27%, Europe – 46%, Asia-Pacific – 20%, and RoW* – 7%
*RoW includes Latin America, The Middle East, and Africa.

The key companies profiled in this market research report are Alfa Laval AB (Sweden), Kelvion Holdings Gmbh (Germany), Danfoss A/S (Denmark), SPX Corporation (U.S.), Xylem Inc. (U.S.), API Heat Transfer Inc. (U.S), 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 (U.S.), Sierra S.p.A (Italy), Sondex Holdings A/S (Denmark), and SWEP International AB (Denmark).

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 FOR THE REPORT
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table HEAT EXCHANGERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • PREMIUM INSIGHTS
    • HEAT EXCHANGERS MARKET IN NORTH AMERICA, BY TYPE AND COUNTRY
    • U.S. DOMINATED THE GLOBAL HEAT EXCHANGERS MARKET
    • HEAT EXCHANGERS MARKET: DEVELOPED VS. DEVELOPING NATIONS
    • LIFE CYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
      • BY TYPE
        • Table HEAT EXCHANGERS MARKET, BY TYPE
      • BY APPLICATION
        • Table HEAT EXCHANGERS MARKET, BY APPLICATION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
      • BURNING ISSUES
  • INDUSTRY TRENDS
    • VALUE-CHAIN ANALYSIS
    • RAW MATERIAL ANALYSIS
      • STEEL
      • NON STEEL
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • DEGREE OF COMPETITION
  • HEAT EXCHANGERS MARKET, BY TYPE
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • SHELL & TUBE HEAT EXCHANGERS
      • Table SHELL & TUBE HEAT EXCHANGERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • PLATE & FRAME HEAT EXCHANGERS
      • Table PLATE & FRAME HEAT EXCHANGERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AIR-COOLED HEAT EXCHANGERS
      • Table AIR-COOLED HEAT EXCHANGERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • HEAT EXCHANGERS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
    • CHEMICAL
      • Table HEAT EXCHANGERS MARKET SIZE, IN CHEMICAL APPLICATION, 2014-2021 (USD MILLION)
    • PETROCHEMICAL AND OIL & GAS
      • Table HEAT EXCHANGERS MARKET SIZE, IN PETROCHEMICAL AND OIL & GAS APPLICATION, 2014-2021 (USD MILLION)
    • HVACR
      • Table HEAT EXCHANGERS MARKET SIZE IN HVACR APPLICATION, 2014-2021 (USD MILLION)
    • FOOD & BEVERAGE
      • Table HEAT EXCHANGERS MARKET SIZE IN FOOD & BEVERAGE APPLICATION, 2014-2021 (USD MILLION)
    • POWER GENERATION
      • Table HEAT EXCHANGERS MARKET SIZE IN POWER GENERATION APPLICATION, 2014-2021 (USD MILLION)
    • PAPER & PULP
      • Table HEAT EXCHANGERS MARKET SIZE IN PAPER & PULP APPLICATION, 2014-2021 (USD MILLION)
  • HEAT EXCHANGERS MARKET, BY REGION
    • INTRODUCTION
      • Table HEAT EXCHANGERS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • U.S.
        • Table U.S.: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table U.S.: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • CANADA
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table CANADA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • WESTERN EUROPE
      • Table WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table WESTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • GERMANY
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table GERMANY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • FRANCE
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table FRANCE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • ITALY
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table ITALY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • U.K.
        • Table U.K.: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table U.K.: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • SWEDEN
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table SWEDEN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • CHINA
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table CHINA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • INDIA
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table INDIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • JAPAN
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table JAPAN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • MALAYSIA
        • Table MALAYSIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table MALAYSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • CENTRAL & EASTERN EUROPE
      • Table CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • Table CENTRAL & EASTERN EUROPE: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION 2014-2021 (USD MILLION)
        • Table RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • TURKEY
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table TURKEY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
        • Table BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
  • HEAT EXCHANGERS MARKET, BY MATERIAL OF CONSTRUCTION, TEMPERATURE RANGE & FLUID TYPE
    • INTRODUCTION
    • MATERIAL OF CONSTRUCTION
      • Table HEAT EXCHANGERS MARKET SHARE, BY MATERIAL OF CONSTRUCTION, 2015 (USD MILLION)
      • STEEL HEAT EXCHANGERS
        • Table STEEL HEAT EXCHANGERS: MARKET SHARE, BY TYPE, 2015 (USD MILLION)
      • NON-STEEL HEAT EXCHANGERS
        • Table NON-STEEL HEAT EXCHANGERS: MARKET SHARE, BY TYPE, 2015 (USD MILLION)
    • FLUID TYPE: WATER-BASED & THERMIC FLUIDS
      • Table HEAT EXCHANGERS: MARKET SHARE, BY FLUID TYPE, 2015 (USD MILLION)
    • TEMPERATURE RANGE
      • Table HEAT EXCHANGERS: MARKET SHARE, BY TEMPERATURE RANGE, 2015 (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, 2014-2021 (USD MILLION)
  • PRINTED CIRCUIT HEAT EXCHANGERS MARKET
    • INTRODUCTION
      • Table PRINTED CIRCUIT HEAT EXCHANGERS: MARKET SHARE, BY REGION, 2015 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATIONS AND TRENDS
    • COMPETITIVE BENCHMARKING AND LANDSCAPE
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2012-2016
      • CONTRACT AGREEMENTS & PARTNERSHIPS
        • Table CONTRACTS, AGREEMENTS & PARTNERSHIPS, 2012-2016
      • EXPANSIONS
        • Table EXPANSIONS, 2012-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2012-2016
      • JOINT VENTURES
        • Table JOINT VENTURES & MERGERS, 2012-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • ALFA LAVAL AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KELVION HOLDINGS GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DANFOSS A/S
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SPX CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • XYLEM INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • API HEAT TRANSFER INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GUNTNER AG & CO. KG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HAMON & CIE INTERNATIONAL SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HINDUSTAN DORR-OLIVER LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HISAKA WORKS LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HRS HEAT EXCHANGERS LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • MODINE MANUFACTURING COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SIERRA S.P.A
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SONDEX HOLDINGS A/S
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SWEP INTERNATIONAL AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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