Global Heat Exchanger Market, By Product Type, By Material, By End-User, By Region, Competition Forecast & Opportunities, 2027

Description

The global heat exchanger market is expected to witness robust CAGR in the forecast period, 2023-2027. Factors such as increased demand from prominent industry verticals and high-end investments by market players in research activities to improve efficiency and enhance the performance of the heat exchangers are primarily driving the market demand.

The global heat exchanger market is segmented into product type, material, end-user, company and regional distribution. Based on product type, the market is divided into plate & frame, shell & tube, and air-cooled. The plate and frame sub-segment is further categorized into brazed, gasketed, and welded types of heat exchangers. Shell & tube type segment dominates the market and is expected to maintain its dominance over the next five years. It is easily operatable even in high operating temperatures and pressure and is highly cost-effective.

Some of the major competitors in the market are ALFA Laval AB, GEA Group Aktiengesellschaft, Xylem Incorporated, SPX Corporation, Danfoss, Hamon & Cie (International) SA, Modine Manufacturing Company, FUNKE Warmeaustauscher Apparatebau GmbH, Sondex Holding, API Heat Transfer Incorporated, among others. The companies are focusing on extensive research and development activities to stay competitive in the market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

To analyze the historical growth in the market size of global heat exchanger market from 2017 to 2021.
To estimate and forecast the market size of global heat exchanger market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast global heat exchanger market based on product type, material, end-user, company, and regional distribution.
To identify dominant region or segment in the global heat exchanger market.
To identify drivers and challenges for global heat exchanger market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global heat exchanger market.
To identify and analyze the profile of leading players operating in global heat exchanger market.
To identify key sustainable strategies adopted by market players in global heat exchanger market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and distributors across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global heat exchanger market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Manufacturers, end users and other stakeholders
Distributers and suppliers of heat exchanger products and other stakeholders
Organizations, forums, and alliances related to heat exchanger market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufactures, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global heat exchanger market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Heat Exchanger Market, By Product Type:

Plate & Frame (Brazed, Gasketed, Welded)

Shell & Tube

Air Cooled

Heat Exchanger Market, By Material:

Carbon Steel

Stainless Steel

Nickel

Others

Heat Exchanger Market, By End User:

Chemical

Petrochemical

Oil & Gas

HVACR

Food & Beverage

Power Generation

Others

Heat Exchanger Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE
Kuwait

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global heat exchanger market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Global Heat Exchanger Market Outlook

4.1. Market Size & Forecast
- 4.1.1. By Value & Volume
4.2. Market Share & Forecast
- 4.2.1. By Product Type (Plate & Frame {Brazed, Gasketed, Welded}, Shell & Tube, Air Cooled)
- 4.2.2. By Material (Carbon Steel, Stainless Steel, Nickel, and Others)
- 4.2.3. By End-User (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Power Generation, and Others)
- 4.2.4. By Company (2021)
- 4.2.5. By Region
4.3. Product Market Map

5. Asia-Pacific Heat Exchanger Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Material
- 5.2.3. By End-User
- 5.2.4. By Country
5.3. Asia-Pacific: Country Analysis
- 5.3.1. China Heat Exchanger Market Outlook
  - 5.3.1.1. Market Size & Forecast
    - 5.3.1.1.1. By Value & Volume
  - 5.3.1.2. Market Share & Forecast
    - 5.3.1.2.1. By Product Type
    - 5.3.1.2.2. By Material
    - 5.3.1.2.3. By End-User
- 5.3.2. India Heat Exchanger Market Outlook
  - 5.3.2.1. Market Size & Forecast
    - 5.3.2.1.1. By Value & Volume
  - 5.3.2.2. Market Share & Forecast
    - 5.3.2.2.1. By Product Type
    - 5.3.2.2.2. By Material
    - 5.3.2.2.3. By End-User
- 5.3.3. Australia Heat Exchanger Market Outlook
  - 5.3.3.1. Market Size & Forecast
    - 5.3.3.1.1. By Value & Volume
  - 5.3.3.2. Market Share & Forecast
    - 5.3.3.2.1. By Product Type
    - 5.3.3.2.2. By Material
    - 5.3.3.2.3. By End-User
- 5.3.4. Japan Heat Exchanger Market Outlook
  - 5.3.4.1. Market Size & Forecast
    - 5.3.4.1.1. By Value & Volume
  - 5.3.4.2. Market Share & Forecast
    - 5.3.4.2.1. By Product Type
    - 5.3.4.2.2. By Material
    - 5.3.4.2.3. By End-User
- 5.3.5. South Korea Heat Exchanger Market Outlook
  - 5.3.5.1. Market Size & Forecast
    - 5.3.5.1.1. By Value & Volume
  - 5.3.5.2. Market Share & Forecast
    - 5.3.5.2.1. By Product Type
    - 5.3.5.2.2. By Material
    - 5.3.5.2.3. By End-User

6. Europe Heat Exchanger Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value & By Volume
6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Material
- 6.2.3. By End-User
- 6.2.4. By Country
6.3. Europe: Country Analysis
- 6.3.1. France Heat Exchanger Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value & By Volume
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Product Type
    - 6.3.1.2.2. By Material
    - 6.3.1.2.3. By End-User
- 6.3.2. Germany Heat Exchanger Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value & By Volume
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Product Type
    - 6.3.2.2.2. By Material
    - 6.3.2.2.3. By End-User
- 6.3.3. United Kingdom Heat Exchanger Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value & By Volume
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Product Type
    - 6.3.3.2.2. By Material
    - 6.3.3.2.3. By End-User
- 6.3.4. Italy Heat Exchanger Market Outlook
  - 6.3.4.1. Market Size & Forecast
    - 6.3.4.1.1. By Value & By Volume
  - 6.3.4.2. Market Share & Forecast
    - 6.3.4.2.1. By Product Type
    - 6.3.4.2.2. By Material
    - 6.3.4.2.3. By End-User
- 6.3.5. Spain Heat Exchanger Market Outlook
  - 6.3.5.1. Market Size & Forecast
    - 6.3.5.1.1. By Value & By Volume
  - 6.3.5.2. Market Share & Forecast
    - 6.3.5.2.1. By Product Type
    - 6.3.5.2.2. By Material
    - 6.3.5.2.3. By End-User

7. North America Heat Exchanger Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value & By Volume
7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Material
- 7.2.3. By End-User
- 7.2.4. By Country
7.3. North America: Country Analysis
- 7.3.1. United States Heat Exchanger Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value & By Volume
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Product Type
    - 7.3.1.2.2. By Material
    - 7.3.1.2.3. By End-User
- 7.3.2. Mexico Heat Exchanger Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value & By Volume
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Product Type
    - 7.3.2.2.2. By Material
    - 7.3.2.2.3. By End-User
- 7.3.3. Canada Heat Exchanger Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value & By Volume
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Product Type
    - 7.3.3.2.2. By Material
    - 7.3.3.2.3. By End-User

8. South America Heat Exchanger Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value & By Volume
8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Material
- 8.2.3. By End-User
- 8.2.4. By Country
8.3. South America: Country Analysis
- 8.3.1. Brazil Heat Exchanger Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value & By Volume
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Product Type
    - 8.3.1.2.2. By Material
    - 8.3.1.2.3. By End-User
- 8.3.2. Argentina Heat Exchanger Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value & By Volume
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Product Type
    - 8.3.2.2.2. By Material
    - 8.3.2.2.3. By End-User
- 8.3.3. Colombia Heat Exchanger Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value & By Volume
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Product Type
    - 8.3.3.2.2. By Material
    - 8.3.3.2.3. By End-User

9. Middle East and Africa Heat Exchanger Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value & By Volume
9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Material
- 9.2.3. By End-User
- 9.2.4. By Country
9.3. MEA: Country Analysis
- 9.3.1. South Africa Heat Exchanger Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value & By Volume
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Product Type
    - 9.3.1.2.2. By Material
    - 9.3.1.2.3. By End-User
- 9.3.2. Saudi Arabia Heat Exchanger Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value & By Volume
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Product Type
    - 9.3.2.2.2. By Material
    - 9.3.2.2.3. By End-User
- 9.3.3. UAE Heat Exchanger Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value & By Volume
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Product Type
    - 9.3.3.2.2. By Material
    - 9.3.3.2.3. By End-User
- 9.3.4. Kuwait Heat Exchanger Market Outlook
  - 9.3.4.1. Market Size & Forecast
    - 9.3.4.1.1. By Value & By Volume
  - 9.3.4.2. Market Share & Forecast
    - 9.3.4.2.1. By Product Type
    - 9.3.4.2.2. By Material
    - 9.3.4.2.3. By End-User

10. Market Dynamics

10.1. Drivers
10.2. Challenges

11. Market Trends & Developments

12. Competitive Landscape

12.1. ALFA Laval AB
12.2. GEA Group Aktiengesellschaft
12.3. Xylem Incorporated
12.4. SPX Corporation
12.5. Danfoss
12.6. Hamon & Cie (International) SA
12.7. Modine Manufacturing Company
12.8. FUNKE Warmeaustauscher Apparatebau GmbH
12.9. Sondex Holding
12.10. API Heat Transfer Incorporated.