
A Middle East & Africa Heat Exchanger Market Forecast to 2030 - Regional Analysis - by Type (Shell and Tube, Plate and Frame
Description
Middle East & Africa Heat Exchanger Market Forecast to 2030 - Regional Analysis - by Type (Shell and Tube, Plate and Frame, Air Cooled, and Others), Material (Steel, Copper, and Others), and Application (Energy, Chemical, Food and Beverages, HVACR, Pulp and Paper, and Others)
The Middle East & Africa heat exchanger market was valued at US$ 1,369.11 million in 2022 and is expected to reach US$ 2,335.52 million by 2030; it is estimated to grow at a CAGR of 6.9% from 2022 to 2030.
Introduction of Heat Exchange Subscription Model Fuel the Middle East & Africa Heat Exchanger Market
Companies are constantly seeking solutions that help them save costs, enabling them to use the saved amount for their other business operations. Many companies are taking innovative initiatives to provide solutions that are environment-friendly due to rising concerns about climate change. In January 2023, Kelvion Holding GmbH announced its plan to provide heat exchangers under the Heat Exchange as a Service pay-per-use business model as an innovative solution that can help its customers reduce capital expenditure. The company's main focus was to address the rising concern over CO2 emissions and introduce the subscription model to provide heat exchangers. The introduction of the product-service system helps small and medium-sized enterprises avail themselves of these services, from installation to maintenance, in a cost-effective manner and optimize their cash flow management. Heat exchanger is used in several end user industries such as automotive, chemical, and food & beverages for various applications. Thus, the subscription model will help the SMEs operating in these industries to adopt heat exchangers and encourage emerging players to use this cost-effective solution, which is expected to bolster the heat exchanger market during the forecast period years.
Middle East & Africa Heat Exchanger Market Overview
The Middle East & Africa (MEA) heat exchanger market is segmented into South Africa, Saudi Arabia, the UAE, Turkey, and the Rest of MEA. Infrastructure development in the countries across the MEA, including commercial infrastructure, has been rising over the years. Although these countries are focusing extensively on tourism, the commercial infrastructure plays a major role in the respective country's economy. The region witnessed high investment in commercial construction, such as supermarkets, specialty stores, and malls. These factors are increasing the demand for heat exchangers for the infrastructure HVAC system to maintain the systems efficiency, thereby contributing to the development of the heat exchanger market in the Middle East & Africa.
Middle East & Africa Heat Exchanger Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Heat Exchanger Market Segmentation
The Middle East & Africa heat exchanger market is segmented based on type, material, application, and country. Based on type, the Middle East & Africa heat exchanger market is segmented into shell and tube, plate and frame, air cooled, and others. The shell and tube segment held the largest market share in 2022.
Based on material, the Middle East & Africa heat exchanger market is segmented into steel, copper, and others. The steel segment held the largest market share in 2022.
Based on application, the Middle East & Africa heat exchanger market is segmented into energy, chemical, food and beverages, HVACR, pulp and paper, and others. The energy segment held the largest market share in 2022.
Based on country, the Middle East & Africa heat exchanger market is segmented into Saudi Arabia, the UAE, South Africa, Turkey, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa heat exchanger market share in 2022.
Alfa Laval AB, API Heat Transfer Inc, Danfoss AS, Johnson Controls International Plc, Hisaka Works Ltd, Larsen & Toubro Ltd, and Xylem Inc are some of the leading companies operating in the Middle East & Africa heat exchanger market.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa heat exchanger market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa heat exchanger market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa heat exchanger market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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Table of Contents
84 Pages
- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Middle East & Africa Heat Exchanger Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in Value Chain
- 5. Middle East & Africa Heat Exchanger Market - Key Industry Dynamics
- 5.1 Heat exchanger Market - Key Industry Dynamics
- 5.2 Market Drivers
- 5.2.1 Use of Heat Exchangers in Oil & Gas Industry
- 5.2.2 Rise in Industrialization
- 5.2.3 Surge in Industry-specific Applications
- 5.3 Market Restraints
- 5.3.1 High Initial Investment, Labor Cost, and Maintenance
- 5.3.2 Safety Concerns Regarding Heat Exchanger
- 5.4 Market Opportunities
- 5.4.1 Integration of 3D Printing Technology with Heat Exchangers
- 5.4.2 Rise in Electric Vehicle Adoption
- 5.5 Future Trends
- 5.5.1 Introduction of Heat Exchange Subscription Model
- 5.6 Impact of Drivers and Restraints:
- 6. Heat Exchanger Market - Middle East & Africa Market Analysis
- 6.1 Middle East & Africa Heat Exchanger Market Revenue (US$ Million), 2022 - 2030
- 6.2 Middle East & Africa Heat Exchanger Market Forecast and Analysis
- 7. Middle East & Africa Heat Exchanger Market Analysis - Type
- 7.1 Shell and Tube
- 7.1.1 Overview
- 7.1.2 Shell and Tube Market, Revenue and Forecast to 2030 (US$ Million)
- 7.2 Plate and Frame
- 7.2.1 overview
- 7.2.2 Plate and Frame Market, Revenue and Forecast to 2030 (US$ Million)
- 7.3 Air Cooled
- 7.3.1 Overview
- 7.3.2 Air Cooled Market Revenue and Forecast to 2030 (US$ Million)
- 7.4 Others
- 7.4.1 Overview
- 7.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 8. Middle East & Africa Heat Exchanger Market Analysis - Material
- 8.1 Steel
- 8.1.1 Overview
- 8.1.2 Steel Market Revenue, and Forecast to 2030 (US$ Million)
- 8.2 Copper
- 8.2.1 Overview
- 8.2.2 Copper Market Revenue, and Forecast to 2030 (US$ Million)
- 8.3 Others
- 8.3.1 Overview
- 8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
- 9. Middle East & Africa Heat Exchanger Market Analysis - Application
- 9.1 Energy
- 9.1.1 Overview
- 9.1.2 Energy Market Revenue, and Forecast to 2030 (US$ Million)
- 9.2 Chemical
- 9.2.1 Overview
- 9.2.2 Chemical Market Revenue, and Forecast to 2030 (US$ Million)
- 9.3 Food and Beverages
- 9.3.1 Overview
- 9.3.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)
- 9.4 HVACR
- 9.4.1 Overview
- 9.4.2 HVACR Market Revenue, and Forecast to 2030 (US$ Million)
- 9.5 Pulp and Paper
- 9.5.1 Overview
- 9.5.2 Pulp and Paper Market Revenue, and Forecast to 2030 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
- 10. Middle East & Africa Heat Exchanger Market - by Country Analysis
- 10.1 Middle East & Africa
- 10.1.1 Middle East & Africa Heat exchanger Market Overview
- 10.1.2 Middle East & Africa Heat exchanger Market Revenue and Forecasts and Analysis - By Country
- 10.1.2.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Country
- 10.1.2.2 Saudi Arabia Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.2.2.1 Saudi Arabia Heat exchanger Market Breakdown by Type
- 10.1.2.2.2 Saudi Arabia Heat exchanger Market Breakdown by Material
- 10.1.2.2.3 Saudi Arabia Heat exchanger Market Breakdown by Application
- 10.1.2.3 UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.2.3.1 UAE Heat exchanger Market Breakdown by Type
- 10.1.2.3.2 UAE Heat exchanger Market Breakdown by Material
- 10.1.2.3.3 UAE Heat exchanger Market Breakdown by Application
- 10.1.2.4 Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.2.4.1 Turkey Heat exchanger Market Breakdown by Type
- 10.1.2.4.2 Turkey Heat exchanger Market Breakdown by Material
- 10.1.2.4.3 Turkey Heat exchanger Market Breakdown by Application
- 10.1.2.5 South Africa Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.2.5.1 South Africa Heat exchanger Market Breakdown by Type
- 10.1.2.5.2 South Africa Heat exchanger Market Breakdown by Material
- 10.1.2.5.3 South Africa Heat exchanger Market Breakdown by Application
- 10.1.2.6 Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.2.6.1 Rest of MEA Heat exchanger Market Breakdown by Type
- 10.1.2.6.2 Rest of MEA Heat exchanger Market Breakdown by Material
- 10.1.2.6.3 Rest of MEA Heat exchanger Market Breakdown by Application
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Product Development
- 13. Company Profiles
- 13.1 Alfa Laval AB
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Danfoss AS
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 API Heat Transfer Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Larsen & Toubro Ltd
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Johnson Controls International Plc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Xylem Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index
- LIST OF TABLES
- Table 1. Heat exchanger Market Segmentation
- Table 2. Heat exchanger Market Segmentation, By Country
- Table 3. Ecosystem: Heat exchanger Market
- Table 4. Impact Analysis of Drivers and Restraints
- Table 5. Middle East & Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Million)
- Table 6. Middle East & Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Million) - Type
- Table 7. Middle East & Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Million) - Material
- Table 8. Middle East & Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Million) - Application
- Table 9. Middle East & Africa Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
- Table 10. Saudi Arabia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
- Table 11. Saudi Arabia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Material
- Table 12. Saudi Arabia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 13. UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
- Table 14. UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Material
- Table 15. UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 16. Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
- Table 17. Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Material
- Table 18. Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 19. South Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
- Table 20. South Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Material
- Table 21. South Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 22. Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
- Table 23. Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Material
- Table 24. Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 25. Heat Map Analysis By Key Players
- Table 26. List of Abbreviation
- LIST OF FIGURES
- Figure 1. Middle East & Africa Heat Exchanger Market Revenue (US$ Million), 2022 - 2030
- Figure 2. Middle East & Africa Heat exchanger Market Share (%) - Type, 2022 and 2030
- Figure 3. Shell and Tube market revenue and Forecasts to 2030 (us$ million)
- Figure 4. Plate and Frame Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 5. Air Cooled Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 6. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 7. Middle East & Africa Heat Exchanger Market Share (%) - Material, 2022 and 2030
- Figure 8. Steel Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 9. Copper Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 10. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 11. Middle East & Africa Heat exchanger Market Share (%) - Application, 2022 and 2030
- Figure 12. Energy Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 13. Chemical Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 14. Food and Beverages Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 15. HVACR Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 16. Pulp and Paper Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 17. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 18. Middle East & Africa Heat Exchanger Market, by Key Countries - Revenue (2022) (US$ Million)
- Figure 19. Heat exchanger Market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 20. Saudi Arabia Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 21. UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 22. Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 23. South Africa Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 24. Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)
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