Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

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

Market Overview:

The global heat exchanger market reached a value of US$ 16.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2027, exhibiting at a CAGR of 6% 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.

A heat exchanger is a device used for transferring heat between two mediums that are at different temperatures. It comprises hot and cold fluid streams separated by a solid wall of the thermally conductive plate, which aids in preventing direct contact between two fluids and gases. It assists in heating and cooling buildings and facilitates the efficient functioning of engines and machines. It is usually employed for numerous industrial and domestic applications to remove heat from an enclosed room and system. Besides this, heat exchanger finds application in boilers, furnaces, power stations, refrigerators, air conditioners, automotive radiators, and sewage treatment plants.

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Heat Exchanger Market Trends:

The increasing global population, rising construction activities, and the escalating demand for heat, ventilation, and air-conditioning (HVAC) in the industrial, commercial, and residential sectors are among the key factors positively influencing the market. In addition, inflating disposable income levels, improving living standards, and extreme climatic conditions are driving the need for luxury items, such as air conditioners, boilers, and other electrical appliances. Apart from this, the growing environmental concerns and rising awareness among individuals about the use of energy-efficient and environment-friendly devices are creating a positive market outlook. In line with this, governments of various countries are implementing stringent regulations to minimize harmful carbon emissions, which is bolstering market growth. Moreover, several companies are adopting energy-efficient methods to curb the wastage of energy by deploying advanced heat recovery devices for several industrial applications. This, in turn, is catalyzing the demand for heat exchangers across the globe. Furthermore, key manufacturers are constantly investing in research and development (R&D) activities to launch cost-effective and advanced product variants, which is anticipated to propel market growth.

Key Market Segmentation:

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

Breakup by Type:

 

 
 

www.imarcgroup.com

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

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

Shell and tube are the most popular types of heat exchanger as they are budget friendly and offer numerous advantages, such as the ease of application at extreme pressures and temperatures.

Breakup by Material:

  • Carbon Steel
  • Stainless Steel
  • Nickel
  • Others

Stainless steel is widely used in manufacturing heat exchangers due to its high strength, durability, and ability to resist corrosion.

Breakup by End-Use Industry:

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

The chemical industry accounts for the majority of the market share as heat exchangers are widely used in chemical processing applications on account of their design flexibility and high corrosion resistance.

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • United Arab Emirates
    • Others

Europe exhibits a clear dominance in the market due to rising construction activities in residential and commercial complexes, along with the escalating demand for heat exchangers across different industry verticals in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the top heat exchanger manufacturers being Alfa Laval, API Heat Transfer Inc., Danfoss, General Electric Company, Hisaka Works, IHI Corporation, Johnson Controls, Kelvion Holding GmbH, Koch Industries, Lytron Inc., Mersen, Modine Manufacturing, Royal Hydraulics, Sondex A/S, Xylem Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Material, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile , Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered Alfa Laval, API Heat Transfer Inc., Danfoss, General Electric Company, Hisaka Works, IHI Corporation, Johnson Controls, Kelvion Holding GmbH, Koch Industries, Lytron Inc., Mersen, Modine Manufacturing, Royal Hydraulics, Sondex A/S and Xylem Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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   Global 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 Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Europe
        9.2.1 Germany
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 France
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 United Kingdom
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 Italy
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Spain
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Russia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Asia Pacific
        9.3.1 China
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 Japan
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 India
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 South Korea
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Australia
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Indonesia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Argentina
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
        9.4.4 Colombia
           9.4.4.1 Market Trends
           9.4.4.2 Market Forecast
        9.4.5 Chile
           9.4.5.1 Market Trends
           9.4.5.2 Market Forecast
        9.4.6 Peru
           9.4.6.1 Market Trends
           9.4.6.2 Market Forecast
        9.4.7 Others
           9.4.7.1 Market Trends
           9.4.7.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Turkey
           9.5.1.1 Market Trends
           9.5.1.2 Market Forecast
        9.5.2 Saudi Arabia
           9.5.2.1 Market Trends
           9.5.2.2 Market Forecast
        9.5.3 Iran
           9.5.3.1 Market Trends
           9.5.3.2 Market Forecast
        9.5.4 United Arab Emirates
           9.5.4.1 Market Trends
           9.5.4.2 Market Forecast
        9.5.5 Others
           9.5.5.1 Market Trends
           9.5.5.2 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 Indicators
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Alfa Laval
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    API Heat Transfer Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Danfoss
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    General Electric Company
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Hisaka Works
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    IHI Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Johnson Controls
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Kelvion Holding GmbH
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Koch Industries
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 SWOT Analysis
        14.3.10    Lytron Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Mersen
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Modine Manufacturing
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Royal Hydraulics
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio 
        14.3.14    Sondex A/S
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 
        14.3.15    Xylem Inc.           
           14.3.15.1 Company Overview
           14.3.15.2 Product Portfolio 
           14.3.15.3 Financials
           14.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Heat Exchanger Market: Major Drivers and Challenges
Figure 2: Global: Heat Exchanger Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 4: Global: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 5: Global: Heat Exchanger Market: Breakup by End-Use Industry (in %), 2021
Figure 6: Global: Heat Exchanger Market: Breakup by Region (in %), 2021
Figure 7: Global: Heat Exchanger Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Heat Exchanger (Shell & Tube) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Heat Exchanger (Shell & Tube) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Heat Exchanger (Plate & Frame) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Heat Exchanger (Plate & Frame) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Heat Exchanger (Air Cooled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Heat Exchanger (Air Cooled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Heat Exchanger (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Heat Exchanger (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Heat Exchanger (Carbon Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Heat Exchanger (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Heat Exchanger (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Heat Exchanger (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Heat Exchanger (Nickel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Heat Exchanger (Nickel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Heat Exchanger (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Heat Exchanger (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Heat Exchanger (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Heat Exchanger (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Heat Exchanger (Petrochemical and Oil & Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Heat Exchanger (Petrochemical and Oil & Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Heat Exchanger (HVAC and Refrigeration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Heat Exchanger (HVAC and Refrigeration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Heat Exchanger (Food & Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Heat Exchanger (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Heat Exchanger (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Heat Exchanger (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Heat Exchanger (Paper & Pulp) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Heat Exchanger (Paper & Pulp) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Heat Exchanger (Other End-Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Heat Exchanger (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Asia Pacific: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Asia Pacific: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: China: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: China: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Japan: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Japan: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: South Korea: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: South Korea: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Australia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Australia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Indonesia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Indonesia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Argentina: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Argentina: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Colombia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Colombia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Chile: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Chile: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Peru: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Peru: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Middle East and Africa: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Turkey: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Turkey: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Saudi Arabia: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Saudi Arabia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Iran: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Iran: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: United Arab Emirates: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 101: United Arab Emirates: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 102: Others: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 103: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 104: Global: Heat Exchanger Industry: SWOT Analysis
Figure 105: Global: Heat Exchanger Industry: Value Chain Analysis
Figure 106: Global: Heat Exchanger Industry: Porter’s Five Forces Analysis

List of Tables

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


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global heat exchanger market reached a value of US$ 16.3 Billion in 2021.

The sudden outbreak of the COVID-19 pandemic, in the early 2020, has negatively impacted the market for heat exchangers due to disrupted supply chains and unavailability of raw materials.

According to the estimates by IMARC Group, the global heat exchanger market is expected to exhibit a CAGR of 6% during 2022-2027.

Rapid adoption of heat, ventilation, and air-conditioning (HVAC) systems across the residential, commercial, and industrial sectors, is primarily augmenting the demand for heat exchangers.

The increasing investments in extensive R&D activities for the introduction of cost-effective and energy-efficient product variants, represent one of the key trends in the heat exchanger market.

On the basis of the type, the market has been bifurcated into shell and tube, plate and frame, air cooled and others. In this segment, shell and tube account for the largest market share.

On the basis of the material, the market has been bifurcated into carbon steel, stainless steel, nickel and others.

On the basis of the end use industry, the market has been bifurcated into chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverage, power generation, paper and pulp, and others. In this segment, chemical hold the largest market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links

4