Global Heat Exchangers Market: Increasing HVAC installation globally driving market growth


Heat Exchangers Market Report Scope and Research Methodology

This detailed report offers a comprehensive analysis of the Global Heat Exchangers  Market, providing insights into market dynamics, growth drivers, and key players. It covers various aspects including market segmentation based on sources, end-users, and regional trends.

The report employs a rigorous research methodology combining qualitative and quantitative analyses. It includes an in-depth examination of market dynamics, demand-supply patterns, and the impact of key factors.

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Heat Exchangers Market was valued at US$ 16.24 Bn. in 2022 and the total Heat Exchangers revenue is expected to grow at 5.2% from 2023 to 2029, reaching nearly US$ 23.16 Bn.

What are Heat Exchangers Market Dynamics?

Market Dynamics: The global demand for Heat Exchangers , particularly in the energy sector, is a key driver of market growth. Applications like Microbial Enhanced Oil Recovery (MEOR) and biodiesel production from microalgae are expected to significantly contribute to the market.

Market Opportunity: Heat Exchangers  ingredients are increasingly being used in cosmetics, providing unique solutions to beauty concerns. Marine microorganisms and their enzymes offer distinct advantages, making them valuable components in various cosmetic products.

Market Restraints: Stringent government regulations, high discovery costs, and technical barriers in the discovery process are identified as potential constraints for market growth.

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What is Heat Exchangers Market Segmentation?

The power generation category is anticipated to expand at a CAGR of 6.1% over the projected period, by end-use. By using heat exchangers, major power markets like China, the United States, India, Russia, and Japan are transitioning away from conventional energy use and rebuilding their operational models to embrace the framework of renewable energy and efficient energy utilisation. This is probably going to increase demand for heat exchangers throughout the projection period.

One of China’s largest and fastest-growing industries is the chemical industry, and throughout the projection period, Chinese growth rates are expected to outperform those of other chemical-producing nations. The continued development of the chemical industry in Asia, particularly in China, is expected to act as a significant driving force for the growth of the heat exchangers market due to the extensive product penetration in numerous applications such as solvent condensation, multiple material blends, cooling of water circuits, cooling of hydrocarbons, heating & cooling of primary goods, heating & cooling of reactors, and production processes.



by Material
by Product
Plate & Frame Heat Exchanger
Shell & Tube Heat Exchanger
Air-Cooled Heat Exchanger
by End-Use
Chemical & Petrochemical
Oil & Gas
HVAC & Refrigeration
Power Generation
Food & Beverage
Pulp & Paper

Who are Heat Exchangers  Market Key Players?

1. • API Heat Transfer (US)
2. Advanced Cooling Technologies, Inc. (US)
3. Xylem Inc. (US)
4. Chart Industries, Inc. (US)
5. Koch Heat Transfer Company (US)
6. Southern Heat Exchanger Corporation (US)
7. SPX FLOW, Inc. (US)
8. General Electric Company (US)
9. Boyd Corporation (US)
10.Modine Manufacturing Company (US)
11.Royal Hydraulics, Inc. (US)
12.Dover Corporation (US)
13.HRS Heat Exchangers (UK)
14.• Kelvion Holding GmbH (Germany)
15.Güntner Group GmbH (Germany)
16.Funke Wärmeaustauscher Apparantebau GmbH (Germany)
17.GEA Group AG (Germany)
18.Valeo (France)
19.Mersen (France)
20.Alfa Laval AB (Sweden)
21.AB Arex (Sweden)
22.A.S.T.R.A. Refrigeranti S.p.A. (Italy)
23.Danfoss (Denmark)
24.• Johnson Controls International (Ireland)
25.IHI Corporation (Japan)

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Table of content for the Heat Exchangers  Market includes:

Part 01: Executive Summary

Part 02: Scope of the Heat Exchangers  Market Report

Part 03: Global Heat Exchangers  Market Landscape

Part 04: Global Heat Exchangers  Market Sizing

Part 05: Global Heat Exchangers  Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Europe led the market in 2022, accounting for 38% of the share. The region’s strong focus on research and development, coupled with a growing demand for natural products, is driving market growth. Additionally, the healthcare industry’s rapid expansion and increasing demand for marine products contribute to the market’s strength.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis

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