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United States Heat Exchanger Market to Reach US$ 4.52 Billion by 2027, Supported by Increasing Product Demand Across Sectors

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

Market Overview:

The United States heat exchanger market is expected to exhibit a CAGR of 5.5% 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 utilized for transferring heat from one fluid to another and controlling the temperature of a substance or a system. These devices comprise streams of hot and cold liquids that are used to transfer thermal energy. As they enable the efficient functioning of machines and engines, they find extensive application in refrigerators, furnaces, sewage treatments, air conditioning systems, boilers and automotive radiators across the United States.

 

 
 

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The United States represents one of the largest markets for heat exchangers. This can be accredited to the burgeoning oil and gas industry, along with the growing number of exploration and production (E&P) activities being undertaken in the country. Furthermore, the escalating demand for heat exchangers in industrial and commercial sectors is strengthening the growth of the market. Apart from this, heat exchangers also find application in chemical plants, which can be attributed to the varying temperature requirements of streams in different processes. Other factors fueling the market growth include the installation of superficial heat exchangers to upgrade the existing power units and minimize carbon emissions. However, the coronavirus disease (COVID-19) outbreak has disrupted manufacturing operations and impacted the supply chain across the country. This has negatively affected market growth, but once the vaccination is introduced and COVID-19 cases subside, the demand for heat exchangers will witness growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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:

  • Northeast
  • Midwest
  • South
  • West
     

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

List of Tables

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


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Key Questions Answered in This Report

The United States heat exchanger market was valued at US$ 3.22 Billion in 2021.

We expect the United States heat exchanger market to exhibit a CAGR of 5.50% during 2022-2027.

The extensive utilization of heat exchangers in boilers, furnaces, refrigerators, automotive radiators,
sewage treatment, and air conditioning systems, is currently driving the United States heat
exchanger market.

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

Based on the type, the United States 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 United States heat exchanger market has been bifurcated into carbon
steel, stainless steel, nickel, and others. Among these, stainless steel holds the majority of the total
market share.

Based on the end use industry, the United States 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 Northeast, Midwest, South, and West, where
South currently dominates the market.

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