
North America Heat Exchanger Market 2024
Description
North America Heat Exchanger Market 2024
It is anticipated that the North America heat exchanger market will witness a compound annual growth rate (CAGR) of 5.3% (in value terms) during the forecast period, leading to a projected value of USD 5,409 million by the year 2029.The North American heat exchanger market is poised for growth, driven by the expansion of refinery capacities and the establishment of new chemical plants in the region. The United States holds the largest share of the global nuclear energy market and boasts the highest number of operational nuclear reactors. Furthermore, ongoing construction activities of additional nuclear plants in the coming years are expected to steer the power generation industry. As a result, the growth of heat exchangers in North America will be propelled by the United States, Canada, and the increasing energy demand across various industrial and commercial sectors.
North America heat exchanger market is comprised of cooling tower, air-cooled, shell & tube, gasketed plate, and others. According to Tanalyze, in the North America heat exchanger market, the cooling tower segment held the dominant position, accounting for approximately 33.6% of the market share in 2023.
In terms of end users, the electricity generation segment is projected to have a penetration rate of 31.9% by 2029. The market size for the electricity generation segment is expected to reach USD 1,725 million, with a (CAGR of 4.6% during the forecast period.
The United States holds the largest share in the North America heat exchanger market. In 2023, it accounted for approximately 80% of the market share, indicating its significant dominance in the region's heat exchanger industry. Canada follows as the second-largest country in the market.
The prominent players operating in the North America heat exchanger market include Alco Group, Alfa Laval AB, API Heat Transfer Inc., Balcke-Dürr GmbH, Baltimore Aircoil Company, Boyd Corporation, Chart Industries, Inc., Danfoss A/S, Hamon Thermal Europe SA, HRS Heat Exchangers Limited, Johnson Controls International plc, Kelvion Holding GmbH, Paul Mueller Co., Reymsa Cooling Towers, Inc., SPX Flow, Inc., SWEP International AB, Tranter, Inc., WCR, Inc., Xylem, Inc., and others.
In the North America heat exchanger market, the leading four players, namely SPX Flow, Inc., Alfa Laval AB, Kelvion Holding GmbH, and Baltimore Aircoil Company, collectively hold a market share of 35% as of 2023. These companies have established themselves as key players in the industry and have successfully captured a significant portion of the market. Their strong market presence and competitive offerings have enabled them to maintain a substantial share in the North America heat exchanger market.
This study aims to analyze the global market for various segments of heat exchanger, including:
Product Type: Cooling Tower, Air-Cooled, Shell & Tube, Gasketed Plate, and Others.
End-User: Oil & Gas, Petrochemical, Food & Beverage, Electricity Generation, HVACR (Heat, Ventilation, Air Conditioning, and Refrigeration), and Others (Mineral, Water Treatment, Data Center, Shipbuilding, Pharmaceuticals, Paper, Engineering, etc.).
Region: USA, Canada, and Mexico.
Table of Contents
88 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Heat Exchanger Market Overview
- Summary
- Introduction
- Part 4. Market Dynamics
- Growth Drivers and Future Trends
- Restraints and Challenges
- Opportunities
- Pricing Forecast
- Part 5. North America Heat Exchanger Market by Product Type
- Part 6. North America Heat Exchanger Market by End-User
- Oil & Gas
- Petrochemical
- Food & Beverage
- Electricity Generation
- HVACR (Heat, Ventilation, Air Conditioning, and Refrigeration)
- Others
- Part 7. North America Heat Exchanger Market by Country
- Part 8. Competitive Analysis
- Competition Overview
- SPX Flow, Inc.
- Business Overview
- Contact Information
- Alfa Laval AB
- Business Overview
- Heat Transfer
- Contact Information
- Kelvion Holding GmbH
- Business Overview
- Contact Information
- Baltimore Aircoil Company
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Xylem, Inc.
- Business Overview
- Contact Information
- Danaher Corporation
- Business Overview
- Contact Information
- Johnson Controls International plc
- Business Overview
- Contact Information
- Chart Industries, Inc.
- Business Overview
- Heat Transfer Systems
- Contact Information
- Koch Industries, Inc.
- Business Overview
- Contact Information
- Boyd Corporation
- Business Overview
- Contact Information
- Other Companies
- Disclaimer
- FIGURES AND TABLES
- North America Heat Exchanger Market, Net Growth, 2020-2029 (USD Million)
- North America Heat Exchanger Market by Product Type, 2020-2029 (USD Million)
- North America Heat Exchanger Market by Product Type, CAGR Historic and Forecast, 2020-2029
- North America Heat Exchanger Market by End-User, 2020-2029 (USD Million)
- North America Heat Exchanger Market by End-User, CAGR Historic and Forecast, 2020-2029
- North America Heat Exchanger Market Share by Country, 2023
- North America Heat Exchanger Market Share by Leading Players, 2023
- Alfa Laval AB Financial Overview (SEK Million)
- Alfa Laval AB Revenue, by Segment, 2022
- Alfa Laval AB Revenue, by Product/Service, 2022
- Alfa Laval AB Revenue, by Region, 2022
- Alfa Laval AB Heat Transfer Revenue (SEK Million)
- Danfoss A/S Financial Overview (EUR Million)
- Danfoss A/S Revenue, by Segment, 2022
- Danfoss A/S Revenue, by Region, 2022
- Xylem, Inc. Pumps, Accessories, Parts and Service Revenue (USD Million)
- Xylem, Inc. Financial Overview (USD Million)
- Xylem, Inc. Revenue, by Segment, 2022
- Xylem, Inc. Revenue, by Type, 2022
- Xylem, Inc. Revenue, by Region, 2022
- Danaher Corporation Financial Overview (USD Million)
- Danaher Corporation Revenue, by Segment, 2022
- Danaher Corporation Revenue, by Region, 2022
- Johnson Controls International plc Financial Overview (USD Million)
- Johnson Controls International plc Revenue, by Type, 2021
- Johnson Controls International plc Revenue, by Segment, 2021
- Johnson Controls International plc Revenue, by Region, 2021
- Chart Industries, Inc. Financial Overview (USD Million)
- Chart Industries, Inc. Revenue, by Segment, 2022
- Chart Industries, Inc. Revenue, by Region, 2022
- Chart Industries, Inc. Heat Transfer Systems Revenue (USD Million)
- Chart Industries, Inc. Heat Transfer Systems Revenue, by Region, 2022
Pricing
Currency Rates
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