Market Overview:
The Europe heat exchanger market size reached USD 6.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4% during 2025-2033.
Report Attribute
|
Key Statistics
|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 6.3 Billion |
Market Forecast in 2033
|
USD 9.0 Billion |
Market Growth Rate 2025-2033 |
4% |
Heat exchangers are devices used for transferring heat from one liquid to another. These devices enable the efficient functioning of engines and machines and find extensive application in the heating or cooling of buildings. As compared to conventional cooling methods, heat exchangers use less energy and generate significantly less pollution. As a result, they are widely utilized in air conditioning systems, sewage treatment, automotive radiators, furnaces, boilers and refrigerators.
Significant growth of the regional industrial infrastructure, in confluence with the introduction of stringent regulations by the European Commission to minimize carbon emissions from several industries, represents one of the key factors bolstering the market growth. Besides this, heat exchangers can be operated at minimal costs as they do not require heavy maintenance, which is also positively influencing their overall sales. Additionally, the increasing availability of hybrid heat exchangers that combine the benefits of both the shell-and-tube and plate heat exchangers, particularly across the offshore power generation units, is catalyzing the demand further. However, the coronavirus disease (COVID-19) outbreak and the imposition of lockdown restrictions by governing agencies of different countries in Europe have negatively impacted operations at various manufacturing units. The market is anticipated to recover once lockdown restrictions are uplifted.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe heat exchanger market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on type, material and end use industry.
Breakup by Type:
- 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:
- Germany
- France
- United Kingdom
- Italy
- Spain
- 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 |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Type, Material, End Use Industry, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
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) |
Key Questions Answered in This Report:
- How has the Europe heat exchanger market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe heat exchanger market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe heat exchanger market and who are the key players?
- What is the degree of competition in the industry?