Global Heat Exchangers Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3995/- USD | Published Date: September 10, 2021 |

The global heat exchangers market size is estimated to grow at a significant CAGR of over 4% during the forecast period and expected to reach at around USD 23 billion by 2027. The increasing demand for heat exchangers from oil and gas industry is a prominent factor to drive the market growth. Furthermore, the increasing industrialization in developing economies and the increasing power plant installation such as India and China is expected to fuel the market over the forecast period. Moreover, the increasing use of heat exchangers in various industries such as food & beverage, chemical, HVAC & refrigerator, and power generation is anticipated to drive the market. However, the adoption of renewable energy is expected to have negative support on the market over the forecast period.

Market Segment Insights:

The global heat exchangers market is divided into product, end-use, and geography. On the basis of product, the market is further segmented into shell & tube heat exchangers, air-cooled heat exchangers, gasketed PHE, and others. The shell and tube heat exchangers segment dominated the global market in 2020 and accounted to hold the largest revenue share of around one-third share of the market. The increasing demand for heat exchangers in various end-use applications such as chemicals, power generation, and oil & gas industry is a major factor to drive the segment growth. On the other hand, the air-cooled segment is estimated to grow at a fast growth rate over the forecast period due to the increasing use in automobiles, oil & gas, and the chemical industry.

On the basis of end-use, the market is bifurcated into chemicals, HVAC & refrigeration, oil & gas, power generation, food & beverage, and others. The chemical segment is accounted to hold a significant market share of around one-fourth of the global heat exchangers market in 2020. The significant growth in the chemical industry in APAC is a major factor to drive the segment growth. Furthermore, the use of heat exchangers in chemical manufacturing processes such as cooling and heating of products is expected to accelerate the growth of the segment. In contrast, the food and beverage segment is anticipated to grow at a fast growth rate over the forecast period.

Heat Exchangers Market Size & CAGR

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The heat exchangers comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The heat exchangers market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Heat Exchangers Market Segmentation:

By Product:

  • Shell & Tube Heat Exchangers
  • Air-cooled Heat Exchanger
  • Gasketed PHE
  • Welded PHE
  • Brazed PHE
  • Others

By End-Use:

  • Chemicals
  • HVAC & Refrigeration
  • Oil & Gas
  • Power Generation
  • Food & Beverage
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Heat Exchangers Market: Geographic Coverage

Geographically, the heat exchangers market report comprises dedicated sections centering on the regional market revenue and trends. The heat exchangers market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The heat exchangers market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Heat exchangers market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Heat Exchangers Market: Competition Assessment

Some of the key market players operating in the global heat exchangers market are Danfoss, Alfa Laval, General Electric Company, Kelvion Holdings, and Xylem Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Danfoss
  • Alfa Laval
  • General Electric Company
  • Kelvion Holdings
  • Xylem Inc.
  • Hindustan-Dorr
  • HRS Heat Exchanger Ltd.
  • Güntner GmbH & Co. KG
  • Hisaka Works Ltd.
  • PI Heat Transfer

Key Questions Answered by Heat Exchangers Market Report

  • Global heat exchangers market forecasts from 2021-2027
  • Regional heat exchangers market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Heat exchangers submarket forecasts from 2021-2027 covering the market by product, by end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to heat exchangers market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level heat exchangers markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the heat exchangers market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Heat Exchangers Market Portraiture
2.2. Global Heat Exchangers Market, by Product, 2020 (USD Mn)
2.3. Global Heat Exchangers Market, by End-Use, 2020 (USD Mn)
2.4. Global Heat Exchangers Market, by Geography, 2020 (USD Mn)

 

3. Global Heat Exchangers Market Analysis


3.1. Heat Exchangers Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Heat Exchangers Market By Product, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Shell & Tube Heat Exchangers
4.3. Air-cooled Heat Exchanger
4.4. Gasketed PHE
4.5. Welded PHE
4.6. Brazed PHE
4.7. Others

 

5. Global Heat Exchangers Market By End-Use, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Chemicals
5.3. HVAC & Refrigeration
5.4. Oil & Gas
5.5. Power Generation
5.6. Food & Beverage
5.7. Others

 

6. North America Heat Exchangers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Heat Exchangers Market by Product (2018-2027 USD Mn)
6.1.3. North America Heat Exchangers Market by End-Use (2018-2027 USD Mn)
6.1.4. North America Heat Exchangers Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Heat Exchangers Market by Product (2018-2027 USD Mn)
6.1.4.1.2. U.S. Heat Exchangers Market by End-Use (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Heat Exchangers Market by Product (2018-2027 USD Mn)
6.1.4.2.2. Canada Heat Exchangers Market by End-Use (2018-2027 USD Mn)

 

7. Europe Heat Exchangers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Heat Exchangers Market by Product (2018-2027 USD Mn)
7.1.3. Europe Heat Exchangers Market by End-Use (2018-2027 USD Mn)
7.1.4. Europe Heat Exchangers Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Heat Exchangers Market by Product (2018-2027 USD Mn)
7.1.4.1.2. Germany Heat Exchangers Market by End-Use (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Heat Exchangers Market by Product (2018-2027 USD Mn)
7.1.4.2.2. U.K. Heat Exchangers Market by End-Use (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Heat Exchangers Market by Product (2018-2027 USD Mn)
7.1.4.3.2. France Heat Exchangers Market by End-Use (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Heat Exchangers Market by Product (2018-2027 USD Mn)
7.1.4.4.2. Italy Heat Exchangers Market by End-Use (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Heat Exchangers Market by Product (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Heat Exchangers Market by End-Use (2018-2027 USD Mn)

 

8. Asia Pacific Heat Exchangers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Heat Exchangers Market by Product (2018-2027 USD Mn)
8.1.3. Asia Pacific Heat Exchangers Market by End-Use (2018-2027 USD Mn)
8.1.4. Asia Pacific Heat Exchangers Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Heat Exchangers Market by Product (2018-2027 USD Mn)
8.1.4.1.2. China Heat Exchangers Market by End-Use (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Heat Exchangers Market by Product (2018-2027 USD Mn)
8.1.4.2.2. Japan Heat Exchangers Market by End-Use (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Heat Exchangers Market by Product (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Heat Exchangers Market by End-Use (2018-2027 USD Mn)

 

9. Latin America (LATAM) Heat Exchangers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Heat Exchangers Market by Product (2018-2027 USD Mn)
9.1.3. Latin America Heat Exchangers Market by End-Use (2018-2027 USD Mn)
9.1.4. Latin America Heat Exchangers Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Heat Exchangers Market by Product (2018-2027 USD Mn)
9.1.4.1.2. Brazil Heat Exchangers Market by End-Use (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Heat Exchangers Market by Product (2018-2027 USD Mn)
9.1.4.2.2. Mexico Heat Exchangers Market by End-Use (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Heat Exchangers Market by Product (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Heat Exchangers Market by End-Use (2018-2027 USD Mn)

 

10. Middle East and Africa Heat Exchangers Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Heat Exchangers Market by Product (2018-2027 USD Mn)
10.1.3. MEA Heat Exchangers Market by End-Use (2018-2027 USD Mn)
10.1.4. Middle East and Africa Heat Exchangers Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Heat Exchangers Market by Product (2018-2027 USD Mn)
10.1.4.1.2. GCC Heat Exchangers Market by End-Use (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Heat Exchangers Market by Product (2018-2027 USD Mn)
10.1.4.2.2. South Africa Heat Exchangers Market by End-Use (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Heat Exchangers Market by Product (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Heat Exchangers Market by End-Use (2018-2027 USD Mn)

 

11. Company Profiles

11.1. Danfoss
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Alfa Laval
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. General Electric Company
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Kelvion Holdings
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Xylem Inc.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Hindustan-Dorr
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. HRS Heat Exchanger Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Güntner GmbH & Co. KG
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Hisaka Works Ltd.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. PI Heat Transfer
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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