Heat Exchanger Market : Industry Analysis and Forecast (2017-2024)

Global Heat Exchangers Market is expected to reach USD 26.55 Billion by 2024 from USD 13.93 Billion in 2016 at a CAGR of 8.4%.


Surge in power requirement for commercial and non-commercial purposes, and increase in population and economic growth in the developing nations are of the factors driving the market growth. Technological development in heat exchanger and growth have a impact on the heat exchanger market such as the development of waste heat recovery heat exchangers and the introduction of exhaust gas recirculation coolers. Fluctuating prices of raw material may hamper the growth of the heat exchanger market.
Global Heat Exchangers Market

Heat exchangers market based on type has been segmented into shell & tube, air cooled, plate & frame and others. Shell & tube type heat exchanger segment is is most popularly used exchanger.Shell & tube heat heat exchanger offers high surface are with high efficiency and performance. Heat exchangers are widely accepted equipment owing to its eco-friendly and energy-efficient properties.


Chemical, petrochemical and oil & gas, food & beverage, paper & pulp, power generation and others. Chemical segment dominates the heat exchanger market. Heat exchanger in chemical industry is used for heating, cooling , steam generation and heat transfer. Heat exchanger is commonly used in synthesis flow process of various derivative chemical. Chemical segment is followed by oil & gas industry.

Geographically, the heat exchangers market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to hold largest shares of the market during the forecast period. This is due to the large installed plant capacities of heat exchangers and it is an export-based heat exchangers market.


Scope of the report:

Heat Exchangers Market, by Type:
• Shell & Tube
• Air Cooled
• Plate & frame
• Others

Heat Exchangers Market, by Application:
• Chemical
• Petrochemical and Oil & Gas
• Food & Beverage
• Paper & Pulp
• Power Generation
• Others

Heat Exchangers Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Key Players Analysed in the Report:

• Alfa Laval AB (Sweden)
• Danfoss A/S (Denmark)
• Kelvion Holdings Gmbh (Germany)
• SPX Corporation (US)
• API Heat Transfer Inc. (US)
• Xylem Inc. (US)
• Gunter AG & Co. KG (Germany)
• Hindustan Dorr-Oliver Ltd. (India)
• Hamon & Cie International SA (Belgium)
• Hisaka Works, Ltd. (Japan)


Chapter One: Heat Exchangers Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Heat Exchangers Market Competition, by Players

Chapter Four: Global Heat Exchangers Market Size by Regions

Chapter Five: North America Heat Exchangers Revenue by Countries

Chapter Six: Europe Heat Exchangers Revenue by Countries

Chapter Seven: Asia-Pacific Heat Exchangers Revenue by Countries

Chapter Eight: South America Heat Exchangers Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Heat Exchangers by Countries

Chapter Ten: Global Heat Exchangers Market Segment by Type

Chapter Eleven: Global Heat Exchangers Market Segment by Application

Chapter Twelve: Global Heat Exchangers Market Size Forecast (2019-2026)

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Global Heat Exchanger Market 2020 Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN

The research document entitled Heat Exchanger by Market Research Store intends to reveal various facets of the global market with the assistance of the key elements influencing the market, the constraints, and the difficulties that could stop the market development. The Heat Exchanger report provides a thorough assessment for the people seeking for their business growth on both local and global level as well as producers, newcomers in the industry, professional association, private businesses, and commercial marketers.

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The Leading players mentioned in the Heat Exchanger Market: Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, SWEP, LARSEN & TOUBRO, Accessen, THT, Hitachi Zosen, LANPEC, Siping ViEX, Beichen, Lanzhou LS, Defon, Ormandy, FL-HTEP

The report has unveiled fast growth in the current and previous years and is going to evolve with persistent development in the forthcoming years. The entire Heat Exchanger market is further categorized by company, by country, and by application/type for the competitive landscape analysis. Even more, the Heat Exchanger market report studies the market division {Shell & Tube Heat Exchanger, Plate Heat Exchanger, Air Cooled Heat Exchanger, Other Types}; {Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry} in line with the product and syndicate type, end-user applications, and market strategies. Besides, the report offers authentic positive outcome sectors and independent regions that remarkably influence the market development pointed out data about the various conditions of the Heat Exchanger market thoroughly. Different types of forthcoming and expansive methodologies, such as SWOT analysis, PESTLE analysis, product life cycle analysis, manufacture intensity map, etc. are utilized in the research.

The Heat Exchanger market report provides a prominent frame of reference on higher as well as smaller aspects that may affect or obstruct the market growth. The Heat Exchanger market report provides scrutiny data that can transform the dominant sectors in the market. Apart from this, it will bestow a region-wise survey of  North America, Europe, Asia-Pacific, South America, and Middle-East Countries of the market. The research document even sheds light on data which describes the primary market segments. Those key parts will assist our customers to select a business alternative based on production, demand, and supply. The Heat Exchanger report provides standard and extensive data of future years relying on the development guess framework of the market. Last but not least, it furnishes graphical information along with figures and pictures for better understanding.

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Market Overview: It includes product review and extent of the global Heat Exchanger market. It consists of an executive summary of the segmental analysis offered in the report. The segment sheds light on product, end-customer, and regional sections. Eventually, it covers market anticipations influencing profit and sales.

Contention by Player: This segment highlights competitive conditions and trends, provides analysis of leading companies, and bestows figures related to average cost by the leader, proceed and profit share by a player, and sales and sales share by the company.

Sales by Region: In this chapter, the report provides sales, gain, and their market research values by territory. Also, it provides sales and sales growth rate, cost, income, and other computations for each regional market analyzed.

Company Profiles: In this section, the report provides business financial data, product specifications, and other details of leading companies operating in the global Heat Exchanger market.

Main market perceptions consist of the following:

1. The survey of Heat Exchanger delivers market size and growth rate for the forecast period 2020-2028.

2. It presents detailed understandings into ongoing industry trends, trend prediction, and growth drivers about the Heat Exchanger.

3. It offers an independent review of market sectors and the regional outlook of Heat Exchanger.

4. The report provides a detailed overview of the supplier landscape, combative analysis, and key market strategies to gain an advanHeat Exchanger Market, Heat Exchanger Market 2020, Global Heat Exchanger Market, Heat Exchanger Market outlook, Heat Exchanger Market Trend, Heat Exchanger Market Size & Share, Heat Exchanger Market Forecast, Heat Exchanger Market Demand, Heat Exchanger Market sales & pricee on competing companies.

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Conclusion: All in all, the report offers a detailed outlook of the 2020-2028 industry, including all essential factors. It portrays an overview of market sizing and forecasting for the growing segment within the Heat Exchanger market. The Heat Exchanger Market report also covers the profit obtained through the procurement of different types of the product the Global Market.

Market Research Store provides customization of reports as per your need. The report can be altered to meet your requirements. Contact our sales team, who will guarantee you to get a report that suits your needs.


Heat Exchanger Market Detailed Business Analysis, Latest Trends and Demand 2020-2026 | Alfa Laval, Kelvion (GEA), SPX Corporation, IHI

QYResearch published a Cooked Research Report on Global Heat Exchanger Market Research Report Analysis the market summary, Production Development, Sales, Regional Trade, Business Operation information, Market options, Investment Opportunity, Investment Calculation and different vital side of the business.

The report on the global Heat Exchanger market is a compilation of intelligent, broad research studies that will help players and stakeholders to make informed business decisions in future. It offers specific and reliable recommendations for players to better tackle challenges in the global Heat Exchanger market. Furthermore, it comes out as a powerful resource providing up to date and verified information and data on various aspects of the global Heat Exchanger market. Readers will be able to gain deeper understanding of the competitive landscape and its future scenarios, crucial dynamics, and leading segments of the global Heat Exchanger market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Heat Exchanger market.

Impact of the driving factors on the global Heat Exchanger market growth has been mapped by the report. Besides, factors that are likely to challenge the global Heat Exchanger market growth in the years to come are discussed by the industry experts in the report.

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Leading Players

The Key manufacturers that are operating in the global Heat Exchanger market are:

  • Alfa Laval
  • Kelvion (GEA)
  • SPX Corporation
  • IHI
  • Danfoss (Sondex)
  • SPX-Flow
  • API
  • KNM
  • Funke
  • Xylem
  • Thermowave
  • Hisaka
  • SWEP
  • Accessen
  • THT
  • Hitachi Zosen
  • Siping ViEX
  • Beichen
  • Lanzhou LS
  • Defon
  • Ormandy

Reasons to Buy the Report:

  • Market Size Forecasts:The authors of the report have provided accurate estimation of the global Heat Exchanger market size based on value and volume
  • Market Trend Analysis:This section of the report throws light on the approaching trends and developments in the global Heat Exchanger market
  • Future Prospects:The report here offers crucial information on the rewarding opportunities in the global Heat Exchanger market
  • Regional Analysis:Inclusive analysis of the potential regions and their countries in the global Heat Exchanger market is provided in this part of the report
  • Segmental Analysis:Here, key segments comprising product type, application, and end user and their contribution to the overall market size are discussed in detail
  • Competitive Landscape:Market participants will get an overview of the business strategies considered by their competitors to stay ahead of the curve. This analysis will help the players to make informed business decisions in future.

Market Segmentation

Global Heat Exchanger Market by Type:

  • Shell & Tube Heat Exchanger
  • Plate Heat Exchanger
  • Air Cooled Heat Exchanger
  • Other Types

Global Heat Exchanger Market by Application:

  • Petrochemical
  • Electric Power & Metallurgy
  • Shipbuilding Industry
  • Mechanical Industry
  • Central Heating
  • Food Industry
  • Other Applications

Global Heat Exchanger Market by Region: North America, Europe, China, Japan

The competitive analysis included in the report helps readers to become aware of unique characteristics of the vendor landscape and crucial factors impacting the market competition. It is a very important tool that players need to have in their arsenal for cementing a position of strength in the global Heat Exchanger market. Using this report, players can use effective business tactics to attract customers and improve their growth in the global Heat Exchanger market. The study provides significant details about the competitive landscape and allows players to prepare for future challenges beforehand.

Highlights of the Report
• Accurate market size and CAGR forecasts for the period 2020-2025
• Identification and in-depth assessment of growth opportunities in key segments and regions
• Detailed company profiling of top players of the global Heat Exchanger market
• Exhaustive research on innovation and other trends of the global Heat Exchanger market
• Reliable industry value chain and supply chain analysis
• Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects

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Heat Exchanger Market Recent Trends, In-depth Analysis, Market Size Research Report Forecast up to 2025

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Heat Exchanger Market PDF Report, Share, Analysis, Growth, Trends and Forecast 2020-25

According to the latest report by IMARC Group, titled “Heat Exchanger Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global heat exchanger market size reaches strong growth in 2019. A heat exchanger is a device, which is used for transferring heat from one medium to another. It is extensively utilized in aquarium exhibits for preventing thermoregulatory stress and maintaining temperature. Other than this, it is also employed in the energy, petrochemical, automobile and aerospace industries across the globe. Nowadays, heat exchangers are available in a wide range of varieties, depending on the rate of heat transfer required.

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The increasing utilization of energy on account of rapid urbanization, growing population and boosting sales of consumer electronics represents one of the major factors driving the global heat exchanger market growth. Moreover, as they aid in increasing the fuel efficiency of an aircraft, heat exchangers are extensively employed in the aerospace industry. Furthermore, they are also utilized in chemical processing, natural gas processing, sewage treatment and petroleum refineries, which is anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market to expand at a CAGR of around 6% during 2020-2025.

Market Breakup by Material:

  • Carbon Steel
  • Stainless Steel
  • Nickel
  • Others

Market Breakup by Type:

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

Market Breakup by Application:

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

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Heat Exchanger Market 2020: Global Industry Analysis Report To 2025

Research Report Inc. recently published an informational report entitled “Heat Exchanger Market”. The report starts with the basic Heat Exchanger Market industry overview and then goes into minute details of the Market. The report provides a detailed analysis of the processing techniques, investment plans, industry supply chain, retailers, market entry strategies, and the economic impact on the stock exchange. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client of the Heat Exchanger Market. The report provides some market-related illustrations and presentations, including pie charts, pie charts, which represent the percentage division of strategies adopted by the major players in the global market.

Major Market Players Covered In This Report:

Beichen, Xylem, SPX Corporation, Ormandy, THT, Thermowave, Lanzhou LS, LANPEC, FL-HTEP, DOOSAN, Funke, SWEP, LARSEN & TOUBRO, API, KNM, Kelvion (GEA), Sondex A/S, Siping ViEX, Alfa Laval, Hisaka, IHI, SPX-Flow, Defon, Accessen, Hitachi Zosen

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This report is designed to coordinate the qualitative and quantitative aspects of the Heat Exchanger industry in both the regions and countries participating in the study. The report will also feature opportunities in small industries for interested parties to invest along with detailed analysis of the competitive landscape and product offerings of key stakeholders. Acquisitions & effective mergers, and continuous technological innovations are some of the strategies adopted by the key manufacturers. New product launches are also one of the key strategies adopted by major players.

The specified segments and sub-sections of the market are explained below:

By Product Type:

  • Plate Heat Exchanger
  • Shell & Tube Heat Exchanger

By Application:

  • Shipbuilding Industry
  • Electric power & metallurgy
  • Petrochemical

Geographically Regions covered in this report:

Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey & others.

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This report highlights market dynamics involving factors driving the current market scenario, as well as market growth opportunities in the coming years. Market segmentation analysis was performed through qualitative and quantitative research, demonstrating the impact of economic and non-economic aspects.

Table Of Contents:

Chapter 1: Scope of the Report

Chapter 2: Executive Summary

Chapter 3: Global Heat Exchanger by Players

Chapter 4: Heat Exchanger by Regions

Chapter 5: Americas

Chapter 6: APAC

Chapter 7: Europe

Chapter 8: Middle East & Africa

Chapter 9: Market Drivers, Challenges and Trends

Chapter 10: Marketing, Distributors and Customer

Chapter 11: Global Heat Exchanger Market Forecast

Chapter 12: Key Players Analysis

Chapter 13: Research Findings and Conclusion

Customization of the Report: This report can be customized as per your needs for additional data or countries. Please connect with our sales team ([email protected])