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Asia Pacific Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Asia Pacific heat exchanger market is expected to exhibit a CAGR of 5.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Heat exchangers are designed to transfer heat from one liquid to another and control the temperature of a system. These devices help to heat or cool buildings and enable the efficient performance of engines and machines. As compared to the conventional methods of cooling, heat exchangers use less energy and produce less pollution. Therefore, they find extensive application in sewage treatment, boilers, refrigerators, furnaces and air conditioning systems across the Asia Pacific region. 

 

 
 

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The rising population and rapid urbanization are positively fueling the need for power consumption. This represents one of the primary factors strengthening the heat exchangers market growth in the Asia Pacific. In addition to this, the installation of new power units has resulted in the increasing adoption of heat exchangers across the region. Moreover, the key market players are investing in research and development (R&D) projects to introduce an efficient upgrade for conventional heat exchangers. However, the coronavirus disease (COVID-19) outbreak and lockdown restrictions imposed by governments of several countries have led to temporary closures of manufacturing units across the Asia Pacific. This has severely affected the market growth, but it will witness growth once lockdown restrictions are uplifted. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific heat exchanger market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, material and end use industry.

Breakup by Type:

 

 
 

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  • Shell & Tube
  • Plate & Frame
  • Air Cooled
  • Others
     

Breakup by Material:

  • Carbon Steel
  • Stainless Steel
  • Nickel
  • Others
     

Breakup by End Use Industry:

  • Chemical
  • Petrochemical and Oil & Gas
  • HVAC and Refrigeration
  • Food & Beverage
  • Power Generation
  • Paper & Pulp
  • Others
     

Breakup by Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Material, End Use Industry, Country
Countries Covered China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Asia Pacific Heat Exchanger Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Shell & Tube
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Plate & Frame
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Air Cooled
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4   Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Material
    7.1    Carbon Steel
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Stainless Steel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Nickel
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Chemical
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Petrochemical and Oil & Gas
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    HVAC and Refrigeration
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Food & Beverage
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Power Generation
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Paper & Pulp
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Country
    9.1    China
        9.1.1 Market Trends
        9.1.2 Market Breakup by Type
        9.1.3 Market Breakup by Material
        9.1.4 Market Breakup by End Use Industry
        9.1.5 Market Forecast
    9.2    Japan
        9.2.1 Market Trends
        9.2.2 Market Breakup by Type
        9.2.3 Market Breakup by Material
        9.2.4 Market Breakup by End Use Industry
        9.2.5 Market Forecast
    9.3    India
        9.3.1 Market Trends
        9.3.2 Market Breakup by Type
        9.3.3 Market Breakup by Material
        9.3.4 Market Breakup by End Use Industry
        9.3.5 Market Forecast
    9.4    South Korea
        9.4.1 Market Trends
        9.4.2 Market Breakup by Type
        9.4.3 Market Breakup by Material
        9.4.4 Market Breakup by End Use Industry
        9.4.5 Market Forecast
    9.5    Australia
        9.5.1 Market Trends
        9.5.2 Market Breakup by Type
        9.5.3 Market Breakup by Material
        9.5.4 Market Breakup by End Use Industry
        9.5.5 Market Forecast
    9.6    Indonesia
        9.6.1 Market Trends
        9.6.2 Market Breakup by Type
        9.6.3 Market Breakup by Material
        9.6.4 Market Breakup by End Use Industry
        9.6.5 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Breakup by Type
        9.7.3 Market Breakup by Material
        9.7.4 Market Breakup by End Use Industry
        9.7.5 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Policy and Regulatory Landscape
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: Asia Pacific: Heat Exchanger Market: Major Drivers and Challenges
Figure 2: Asia Pacific: Heat Exchanger Market: Sales Value (in Million US$), 2016-2021
Figure 3: Asia Pacific: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Asia Pacific: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 5: Asia Pacific: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 6: Asia Pacific: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 7: Asia Pacific: Heat Exchanger Market: Breakup by Country (in %), 2021
Figure 8: Asia Pacific: Heat Exchanger (Shell & Tube) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Asia Pacific: Heat Exchanger (Shell & Tube) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Asia Pacific: Heat Exchanger (Plate & Frame) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Asia Pacific: Heat Exchanger (Plate & Frame) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Asia Pacific: Heat Exchanger (Air Cooled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Asia Pacific: Heat Exchanger (Air Cooled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Asia Pacific: Heat Exchanger (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Asia Pacific: Heat Exchanger (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Asia Pacific: Heat Exchanger (Carbon Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Asia Pacific: Heat Exchanger (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Asia Pacific: Heat Exchanger (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Asia Pacific: Heat Exchanger (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Asia Pacific: Heat Exchanger (Nickel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Asia Pacific: Heat Exchanger (Nickel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Asia Pacific: Heat Exchanger (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Asia Pacific: Heat Exchanger (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Asia Pacific: Heat Exchanger (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Asia Pacific: Heat Exchanger (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia Pacific: Heat Exchanger (Petrochemical and Oil & Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia Pacific: Heat Exchanger (Petrochemical and Oil & Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia Pacific: Heat Exchanger (HVAC and Refrigeration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia Pacific: Heat Exchanger (HVAC and Refrigeration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia Pacific: Heat Exchanger (Food & Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia Pacific: Heat Exchanger (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia Pacific: Heat Exchanger (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia Pacific: Heat Exchanger (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia Pacific: Heat Exchanger (Paper & Pulp) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia Pacific: Heat Exchanger (Paper & Pulp) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia Pacific: Heat Exchanger (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia Pacific: Heat Exchanger (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 40: China: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 41: China: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 42: China: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 45: Japan: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 46: Japan: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 47: Japan: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 50: India: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 51: India: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 52: India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 55: South Korea: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 56: South Korea: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 57: South Korea: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 60: Australia: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 61: Australia: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 62: Australia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Indonesia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Indonesia: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 65: Indonesia: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 66: Indonesia: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 67: Indonesia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Asia Pacific: Heat Exchanger Industry: SWOT Analysis
Figure 71: Asia Pacific: Heat Exchanger Industry: Value Chain Analysis
Figure 72: Asia Pacific: Heat Exchanger Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Asia Pacific: Heat Exchanger Market: Key Industry Highlights, 2021 and 2027
Table 2: Asia Pacific: Heat Exchanger Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Asia Pacific: Heat Exchanger Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Asia Pacific: Heat Exchanger Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Asia Pacific: Heat Exchanger Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 6: Asia Pacific: Heat Exchanger Market: Competitive Structure
Table 7: Asia Pacific: Heat Exchanger Market: Key Players


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Key Questions Answered in This Report

The Asia Pacific heat exchanger market was valued at US$ 4.5 Billion in 2021.

We expect the Asia Pacific heat exchanger market to exhibit a CAGR of 5.15% during 2022-2027.

The extensive utilization of heat exchangers in boilers, furnaces, refrigerators, automotive radiators,
sewage treatment, etc., is currently driving the Asia Pacific heat exchanger market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several Asia Pacific nations resulting in temporary closure of numerous
manufacturing units for heat exchanger.

Based on the type, the Asia Pacific heat exchanger market can be divided into shell & tube, plate &
frame, air cooled, and others. Currently, shell & tube exhibits a clear dominance in the market.

Based on the material, the Asia Pacific heat exchanger market has been bifurcated into carbon steel,
stainless steel, nickel, and others. Among these, stainless steel currently holds the majority of the
total market share.

Based on the end use industry, the Asia Pacific heat exchanger market can be segmented into
chemical, petrochemical and oil & gas, HVAC and refrigeration, food & beverage, power generation,
paper & pulp, and others. Currently, the chemical industry represents the largest market share.

On a regional level, the market has been classified into China, Japan, India, South Korea, Australia,
Indonesia, and Others, where China currently dominates the market.

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