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

Market Overview:

The India heat exchanger market is expected to exhibit a CAGR of 7% 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 devices employed for transferring heat from one fluid to another and controlling the temperature of a system. They consume less energy and produce significantly less pollution as compared to conventional cooling methods. Consequently, they are gaining wide popularity across India.

 

 
 

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The growing population, coupled with rapid urbanization, is escalating the demand for power. This represents one of the primary factors strengthening the growth of the heat exchangers market in India. Apart from this, the increasing adoption of heat exchangers in the installation of new power units represents another growth-inducing factor. Furthermore, the burgeoning chemical and petrochemical sectors, along with the upgradation of conventional heat exchangers with efficient and innovative variants, are driving the market. However, the coronavirus disease (COVID-19) outbreak and the imposition of lockdown restrictions have resulted in temporary closures of operations at several manufacturing units. This severely affected the market growth, but it is anticipated to witness recovery once the Government of India uplifts lockdown restrictions.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India heat exchanger market, along with forecasts at the country and regional 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 Region:

  • North India
  • West and Central India
  • South India
  • East India
     

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, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
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    India 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 India
        9.1.1 Market Trends
        9.1.2 Market Breakup by State
        9.1.3 Market Forecast
   9.2    West and Central India
       9.2.1 Market Trends
       9.2.2 Market Breakup by State
       9.2.3 Market Forecast
    9.3    South India
        9.3.1 Market Trends
        9.3.2 Market Breakup by State
        9.3.3 Market Forecast
    9.4    East India
        9.4.1 Market Trends
        9.4.2 Market Breakup by State
        9.4.3 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: India: Heat Exchanger Market: Major Drivers and Challenges
Figure 2: India: Heat Exchanger Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Heat Exchanger Market: Breakup by Type (in %), 2021
Figure 5: India: Heat Exchanger Market: Breakup by Material (in %), 2021
Figure 6: India: Heat Exchanger Market: Breakup by End Use Industry (in %), 2021
Figure 7: India: Heat Exchanger Market: Breakup by Region (in %), 2021
Figure 8: India: Heat Exchanger (Shell & Tube) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: India: Heat Exchanger (Shell & Tube) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: India: Heat Exchanger (Plate & Frame) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: India: Heat Exchanger (Plate & Frame) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: India: Heat Exchanger (Air Cooled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: India: Heat Exchanger (Air Cooled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: Heat Exchanger (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: India: Heat Exchanger (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: India: Heat Exchanger (Carbon Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: India: Heat Exchanger (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: India: Heat Exchanger (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: India: Heat Exchanger (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: India: Heat Exchanger (Nickel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: India: Heat Exchanger (Nickel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: India: Heat Exchanger (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: India: Heat Exchanger (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: India: Heat Exchanger (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: India: Heat Exchanger (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: Heat Exchanger (Petrochemical and Oil & Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: Heat Exchanger (Petrochemical and Oil & Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: Heat Exchanger (HVAC and Refrigeration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Heat Exchanger (HVAC and Refrigeration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: India: Heat Exchanger (Food & Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: India: Heat Exchanger (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Heat Exchanger (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Heat Exchanger (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Heat Exchanger (Paper & Pulp) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Heat Exchanger (Paper & Pulp) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Heat Exchanger (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Heat Exchanger (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North India: Heat Exchanger Market: Breakup by State (in %), 2021
Figure 40: North India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: West and Central India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: West and Central India: Heat Exchanger Market: Breakup by State (in %), 2021
Figure 43: West and Central India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South India: Heat Exchanger Market: Breakup by State (in %), 2021
Figure 46: South India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: East India: Heat Exchanger Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: East India: Heat Exchanger Market: Breakup by State (in %), 2021
Figure 49: East India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Heat Exchanger Industry: SWOT Analysis
Figure 51: India: Heat Exchanger Industry: Value Chain Analysis
Figure 52: India: Heat Exchanger Industry: Porter’s Five Forces Analysis

List of Tables

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


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Key Questions Answered in This Report

The India heat exchanger market was valued at US$ 700.8 Million in 2021.

We expect the India heat exchanger market to exhibit a CAGR of 7% during 2022-2027.

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

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for heat exchangers.

Based on the type, the India heat exchanger market can be segmented into shell and tube, plate and frame, air cooled, and others. Currently, shell and tube holds the majority of the total market share.

Based on the material, the India heat exchanger market has been divided into carbon steel, stainless steel, nickel, and others. Among these, stainless steel currently exhibits a clear dominance in the market.

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

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India heat exchanger market.

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