Heat Exchanger Market Analysis Report & Growth Outlook 2030

Heat Exchanger Market Size and Forecasts (2022 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Shell and Tube, Plate and Frame, Air Cooled, and Others), Material (Steel, Copper, and Others), and Application (Energy, Chemical, Food and Beverages, HVACR, Pulp and Paper, and Others)

  • Report Code : TIPRE00027553
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 213
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[Research Report] The heat exchanger market size was valued at US$ 20.65 billion in 2022 and is expected to reach US$ 39.11 billion by 2030; it is likely to register a CAGR of 8.3% from 2022 to 2030.

Analyst Perspective:

A heat exchanger is a device that is generally used for heating or cooling elements, depending on customer’s needs; it is primarily employed in various process and discrete industries. The industry uses heat exchangers for cooling in order to prevent overheating of critical machinery or flammable materials. The market for heat exchangers is growing globally. The major industrial sectors driving the demand are energy, chemical, food, HVAC, and marine, among others. All major process industries across the globe use heat exchangers for several applications. Industry 4.0, rapid industrialization, and technological advancements in oil & gas industries are all boosting the growth of the market.

Heat Exchanger Market Overview:

Manufacturers operating in the heat exchanger market are launching various products for petrochemical and refinery operations. For instance, in April 2023, Aggreko—a global provider of mobile modular power, temperature control, and energy solutions—launched two new rental heat exchanger families—the Large Nodal Heat Exchanger and the Hastelloy C Cross Flow Heat Exchanger. This off-the-shelf unit offers petrochemical and refinery customers the industry's largest heat exchanger and the only one made from Hastelloy. Both products are designed to ensure the smooth operation of petrochemical plants and refineries and handle complex chemical situations by maintaining customers' production rates and improving plant processes.

Further, various manufacturers operating in the heat exchanger market are launching compact heat exchangers to deliver fewer pressure drops and higher heat transfer in a compact design. For instance, in December 2022, Conflux Technology, a heat transfer product manufacturer, launched a new product to its commercial offering—a cartridge-based heat exchanger. Conflux Technology's latest launch is essentially a 3D-printed core that can be embedded into traditionally manufactured housings to deliver fewer pressure drops and higher heat transfer in a compact design. The company is also expanding its product line of compact heat exchangers for defense, aerospace, EV, automotive, industrial, and energy use cases.

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Heat Exchanger Market: Strategic Insights

heat-exchanger-market
Market Size Value inUS$ 20.65 billion in 2022
Market Size Value byUS$ 39.11 billion by 2030
Growth rateCAGR of 8.3% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Heat Exchanger Market Driver:

Use of Heat Exchangers in Oil & Gas Industry Drives Heat Exchanger Market Growth

According to the report published by the International Energy Agency (IEA) in June 2023, the global demand for oil is expected to grow by 6% from 2022 to 2028 and will reach up to 105.7 million barrels per day (mb/d) in 2028. The demand is growing due to the rising requirement for petrochemicals and the increasing need for oil in the aviation sector. In addition, the investments for the upstream segment in oil and gas exploration, extraction, and production are anticipated to reach their highest value since 2015 and are projected to grow by 11% year-on-year to US$ 528 billion in 2023, this is to benefit the heat exchanger market. In addition, the investment and expansion in the refineries is increasing due to the rise in oil and gas demand. For example, in April 2019, ExxonMobil made a huge investment in the expansion project of oil refineries within a manufacturing complex in Singapore to further enhance the competitiveness of the country’s facility. According to the Economic Times, in January 2023, Pertamina, a refinery arm of an Indonesian state energy firm, announced upgrading its old refineries and building new ones, thereby increasing its processing capacity to over 1.5 million barrels per day. Therefore, the rise in global oil demand and investment in the oil & gas industry contributes to the production of oil and gas, where heat exchangers are used to eliminate the heat generated during production. It helps maintain the rapid generation or dissipation of heat to enhance productivity in the oil & gas industry. These heat exchangers are used in various applications such as heat/oil transfer systems, fuel gas conditioning systems, cold ammonia flow control, lube oil systems, and selective catalytic reduction (SCR) units. For example, in fuel gas conditioning systems, the heat exchanger helps maintain the heat generated during the steady flow of dry, high-purity fuel and ensures system components are working in stable conditions for a long period. In the lube oil system, heat exchangers help to provide an optimal thermal environment for the smooth operation of critical components such as mixers, kettles, and electrical switchgear. Thus, with the growth in the oil & gas industry, the use of heat exchangers is increasing, which is driving the market.

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Heat Exchanger Market Segmental Analysis:

Based on material, the heat exchanger market is segmented into steel, copper, and others. The steel segment held the largest share of the heat exchanger market. Steel-based heat exchangers exhibit high mechanical strength and outstanding corrosion resistance. Stainless steel has good thermal conductivity, making it an optimal choice for heat exchangers to withstand ultra-high temperatures, extreme burst pressure, and harsh environments. Steel is stronger than aluminum and copper. It maintains its mechanical strength at higher temperatures than other common metal-based heat exchangers. Thus, its high mechanical strength enhances the performance of heat exchangers and helps reduce the potential for distortion or warping over extended contact to ultra-high temperatures. All these characteristics of steel fuel the market growth for the segment.

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Heat Exchanger Market Regional Analysis:

The North America heat exchanger market size was valued at US$ 6.1 billion in 2022 and is projected to reach US$ 11.2 billion by 2030; it is expected to register a CAGR of 7.9% from 2022 to 2030. The North America heat exchanger market is segmented into the US, Canada, and Mexico. The US held the largest share of the heat exchanger market in North America in 2022. The region is adopting hydropower electricity generation as it is one of the clean sources of energy and is developing power plants to meet the growing energy demand. For instance, according to the US Department of Energy report for January 2021, the hydropower capacity increased by a net of 431 MW in 2019 since 2017. The capacity was increased from existing facilities, new facilities, and powering non-powered dams (NPDs), which resulted in a total net growth of 1,688 MW from 2010 to 2019. In addition, Mexico is planning to build many gas-fired power plants to increase the natural gas supply, including importing natural gas from the US. For instance, in November 2022, US-based New Fortress Energy announced the deal signed with the Mexican government to develop the LNG project Lakach offshore gas field in Mexico, which is expected to be completed by 2024. Thus, these plants generate the need for heat exchangers for gas drying, preheating natural gas, and liquefaction of natural gas in LNG plants. In the hydropower plant, heat exchangers minimize the downtime of turbines, generators, and transformers by reducing the heat generated. Thus, the rising establishment of hydropower plants contributes to the North America heat exchanger market growth.

Heat Exchanger Market Key Player Analysis:

Alfa Laval AB, Kelvion Holding GmbH, Danfoss AS, Xylem Inc., API Heat Transfer Inc., Chart Industries Inc, Guntner GmbH & Co KG, Larsen & Toubro Ltd, Hisaka Works Ltd, and Johnson Controls International Plc are a few of the key players operating in the heat exchanger market.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the heat exchanger market. A few recent key heat exchanger market developments are listed below:

  • In January 2023, L&T Heavy Engineering secured orders for one of the heaviest reactors and screw plug heat exchangers for a refinery in Mexico.
  • In February 2022, Johnson Controls announced that it has added and installed fully integrated, factory-built, wrap-around heat exchangers (WAHX) to its YORK Solution Indoor and Outdoor air-handling units, meeting a growing need for energy-efficient dehumidification methods in a compact footprint.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Material, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the estimated global market size for the heat exchanger market in 2022?

The heat exchanger market was valued at US$ 20.65 billion in 2022 and is projected to reach US$ 39.11 billion by 2030; it is expected to grow at a CAGR of 8.3% during 2022–2030.

What are the driving factors impacting the heat exchanger market?

Use of heat exchangers in oil & gas industry, rise in industrialization, and surge in industry-specific applications are the driving factors impacting the heat exchanger market.

Which are the key players holding the major market share of heat exchanger market?

The key players, holding majority shares, in heat exchanger market includes Alfa Laval AB, Kelvion Holding GmbH, Danfoss AS, Xylem Inc., API Heat Transfer Inc., Chart Industries Inc, Guntner GmbH & Co KG, Larsen & Toubro Ltd, Hisaka Works Ltd, and Johnson Controls International Plc.

What are the future trends of the heat exchanger market?

Introduction of heat exchanger as a service in a subscription based model is the future trends of the heat exchanger market.

Which is the fastest growing regional market?

APAC is anticipated to grow with the highest CAGR over the forecast period.

Which is the leading type segment in the heat exchanger market?

The shell and tube segment led the heat exchanger market with a significant share in 2022 and also expected to grow with the highest CAGR.

What will be the market size for heat exchanger market by 2030?

The heat exchanger market is expected to reach US$ 39.11 billion by 2030.

Which region is holding the major market share of global heat exchanger market?

The Europe held the largest market share in 2022, followed by North America and APAC.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Heat exchanger Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in Value Chain

5. Heat exchanger Market - Key Industry Dynamics

5.1 Heat exchanger Market - Key Industry Dynamics

5.2 Market Drivers

5.2.1 Use of Heat Exchangers in Oil & Gas Industry

5.2.2 Rise in Industrialization

5.2.3 Surge in Industry-specific Applications

5.3 Market Restraints

5.3.1 High Initial Investment, Labor Cost, and Maintenance

5.3.2 Safety Concerns Regarding Heat Exchanger

5.4 Market Opportunities

5.4.1 Integration of 3D Printing Technology with Heat Exchangers

5.4.2 Rise in Electric Vehicle Adoption

5.5 Future Trends

5.5.1 Introduction of Heat Exchange Subscription Model

5.6 Impact of Drivers and Restraints:

6. Heat exchanger Market - Global Market Analysis

6.1 Heat Exchanger Market Revenue (US$ Million), 2022 – 2030

6.2 Heat Exchanger Market Forecast and Analysis

7. Heat exchanger Market Analysis - Type

7.1 Shell and Tube

7.1.1 Overview

7.1.2 Shell and Tube Market, Revenue and Forecast to 2030 (US$ Million)

7.2 Plate and Frame

7.2.1 overview

7.2.2 Plate and Frame Market, Revenue and Forecast to 2030 (US$ Million)

7.3 Air Cooled

7.3.1 Overview

7.3.2 Air Cooled Market Revenue and Forecast to 2030 (US$ Million)

7.4 Others

7.4.1 Overview

7.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Heat exchanger Market Analysis - Material

8.1 Steel

8.1.1 Overview

8.1.2 Steel Market Revenue, and Forecast to 2030 (US$ Million)

8.2 Copper

8.2.1 Overview

8.2.2 Copper Market Revenue, and Forecast to 2030 (US$ Million)

8.3 Others

8.3.1 Overview

8.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

9. Heat exchanger Market Analysis - Application

9.1 Energy

9.1.1 Overview

9.1.2 Energy Market Revenue, and Forecast to 2030 (US$ Million)

9.2 Chemical

9.2.1 Overview

9.2.2 Chemical Market Revenue, and Forecast to 2030 (US$ Million)

9.3 Food and Beverages

9.3.1 Overview

9.3.2 Food and Beverages Market Revenue, and Forecast to 2030 (US$ Million)

9.4 HVACR

9.4.1 Overview

9.4.2 HVACR Market Revenue, and Forecast to 2030 (US$ Million)

9.5 Pulp and Paper

9.5.1 Overview

9.5.2 Pulp and Paper Market Revenue, and Forecast to 2030 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

10. Heat exchanger Market - Geographical Analysis

10.1 Overview

10.2 North America

10.2.1 North America Heat Exchanger Market Overview

10.2.2 North America Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.3 North America Heat Exchanger Market Breakdown by Type

10.2.3.1 North America Heat Exchanger Market Revenue and Forecasts and Analysis - By Type

10.2.4 North America Heat Exchanger Market Breakdown by Material

10.2.4.1 North America Heat Exchanger Market Revenue and Forecasts and Analysis - By Material

10.2.5 North America Heat Exchanger Market Breakdown by Application

10.2.5.1 North America Heat Exchanger Market Revenue and Forecasts and Analysis - By Application

10.2.6 North America Heat Exchanger Market Revenue and Forecasts and Analysis - By Country

10.2.6.1 North America Heat exchanger Market Revenue and Forecasts and Analysis - By Country

10.2.6.2 US Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.2.1 US Heat exchanger Market Breakdown by Type

10.2.6.2.2 US Heat exchanger Market Breakdown by Material

10.2.6.2.3 US Heat exchanger Market Breakdown by Application

10.2.6.3 Canada Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.3.1 Canada Heat exchanger Market Breakdown by Type

10.2.6.3.2 Canada Heat exchanger Market Breakdown by Material

10.2.6.3.3 Canada Heat exchanger Market Breakdown by Application

10.2.6.4 Mexico Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.4.1 Mexico Heat exchanger Market Breakdown by Type

10.2.6.4.2 Mexico Heat exchanger Market Breakdown by Material

10.2.6.4.3 Mexico Heat exchanger Market Breakdown by Application

10.3 Europe

10.3.1 Europe Heat exchanger Market Overview

10.3.2 Europe Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.3 Europe Heat exchanger Market Breakdown by Type

10.3.3.1 Europe Heat exchanger Market Revenue and Forecasts and Analysis - By Type

10.3.4 Europe Heat exchanger Market Breakdown by Material

10.3.4.1 Europe Heat exchanger Market Revenue and Forecasts and Analysis - By Material

10.3.5 Europe Heat exchanger Market Breakdown by Application

10.3.5.1 Europe Heat exchanger Market Revenue and Forecasts and Analysis - By Application

10.3.6 Europe Heat exchanger Market Revenue and Forecasts and Analysis - By Country

10.3.6.1 Europe Heat exchanger Market Revenue and Forecasts and Analysis - By Country

10.3.6.2 Germany Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.2.1 Germany Heat exchanger Market Breakdown by Type

10.3.6.2.2 Germany Heat exchanger Market Breakdown by Material

10.3.6.2.3 Germany Heat exchanger Market Breakdown by Application

10.3.6.3 France Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.3.1 France Heat exchanger Market Breakdown by Type

10.3.6.3.2 France Heat exchanger Market Breakdown by Material

10.3.6.3.3 France Heat exchanger Market Breakdown by Application

10.3.6.4 United Kingdom Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.4.1 United Kingdom Heat Exchanger Market Breakdown by Type

10.3.6.4.2 United Kingdom Heat Exchanger Market Breakdown by Material

10.3.6.4.3 United Kingdom Heat Exchanger Market Breakdown by Application

10.3.6.5 Spain Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.5.1 Spain Heat exchanger Market Breakdown by Type

10.3.6.5.2 Spain Heat exchanger Market Breakdown by Material

10.3.6.5.3 Spain Heat exchanger Market Breakdown by Application

10.3.6.6 Italy Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.6.1 Italy Heat exchanger Market Breakdown by Type

10.3.6.6.2 Italy Heat exchanger Market Breakdown by Material

10.3.6.6.3 Italy Heat exchanger Market Breakdown by Application

10.3.6.7 Russia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.7.1 Russia Heat exchanger Market Breakdown by Type

10.3.6.7.2 Russia Heat exchanger Market Breakdown by Material

10.3.6.7.3 Russia Heat exchanger Market Breakdown by Application

10.3.6.8 Netherlands Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.8.1 Netherlands Heat exchanger Market Breakdown by Type

10.3.6.8.2 Netherlands Heat exchanger Market Breakdown by Material

10.3.6.8.3 Netherlands Heat exchanger Market Breakdown by Application

10.3.6.9 Belgium Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.9.1 Belgium Heat exchanger Market Breakdown by Type

10.3.6.9.2 Belgium Heat exchanger Market Breakdown by Material

10.3.6.9.3 Belgium Heat exchanger Market Breakdown by Application

10.3.6.10 Poland Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.10.1 Poland Heat exchanger Market Breakdown by Type

10.3.6.10.2 Poland Heat exchanger Market Breakdown by Material

10.3.6.10.3 Poland Heat exchanger Market Breakdown by Application

10.3.6.11 Sweden Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.11.1 Sweden Heat exchanger Market Breakdown by Type

10.3.6.11.2 Sweden Heat exchanger Market Breakdown by Material

10.3.6.11.3 Sweden Heat Exchanger Market Breakdown by Application

10.3.6.12 Czech Republic Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.12.1 Czech Republic Heat Exchanger Market Breakdown by Type

10.3.6.12.2 Czech Republic Heat exchanger Market Breakdown by Material

10.3.6.12.3 Czech Republic Heat Exchanger Market Breakdown by Application

10.3.6.13 Finland Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.13.1 Finland Heat Exchanger Market Breakdown by Type

10.3.6.13.2 Finland Heat exchanger Market Breakdown by Material

10.3.6.13.3 Finland Heat Exchanger Market Breakdown by Application

10.3.6.14 Norway Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.14.1 Norway Heat Exchanger Market Breakdown by Type

10.3.6.14.2 Norway Heat exchanger Market Breakdown by Material

10.3.6.14.3 Norway Heat Exchanger Market Breakdown by Application

10.3.6.15 Hungary Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.15.1 Hungary Heat Exchanger Market Breakdown by Type

10.3.6.15.2 Hungary Heat exchanger Market Breakdown by Material

10.3.6.15.3 Hungary Heat Exchanger Market Breakdown by Application

10.3.6.16 Denmark Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.16.1 Denmark Heat Exchanger Market Breakdown by Type

10.3.6.16.2 Denmark Heat exchanger Market Breakdown by Material

10.3.6.16.3 Denmark Heat Exchanger Market Breakdown by Application

10.3.6.17 Luxembourg Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.17.1 Luxembourg Heat Exchanger Market Breakdown by Type

10.3.6.17.2 Luxembourg Heat exchanger Market Breakdown by Material

10.3.6.17.3 Luxembourg Heat Exchanger Market Breakdown by Application

10.3.6.18 Rest of Europe Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.18.1 Rest of Europe Heat exchanger Market Breakdown by Type

10.3.6.18.2 Rest of Europe Heat exchanger Market Breakdown by Material

10.3.6.18.3 Rest of Europe Heat exchanger Market Breakdown by Application

10.4 Asia Pacific

10.4.1 Asia Pacific Heat Exchanger Market Overview

10.4.2 Asia Pacific Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.3 Asia Pacific Heat Exchanger Market Breakdown by Type

10.4.3.1 Asia Pacific Heat Exchanger Market Revenue and Forecasts and Analysis - By Type

10.4.4 Asia Pacific Heat Exchanger Market Breakdown by Material

10.4.4.1 Asia Pacific Heat Exchanger Market Revenue and Forecasts and Analysis - By Material

10.4.5 Asia Pacific Heat Exchanger Market Breakdown by Application

10.4.5.1 Asia Pacific Heat Exchanger Market Revenue and Forecasts and Analysis - By Application

10.4.6 Asia Pacific Heat Exchanger Market Revenue and Forecasts and Analysis - By Country

10.4.6.1 Asia Pacific Heat Exchanger Market Revenue and Forecasts and Analysis - By Country

10.4.6.2 China Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.2.1 China Heat exchanger Market Breakdown by Type

10.4.6.2.2 China Heat exchanger Market Breakdown by Material

10.4.6.2.3 China Heat exchanger Market Breakdown by Application

10.4.6.3 Japan Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.3.1 Japan Heat exchanger Market Breakdown by Type

10.4.6.3.2 Japan Heat exchanger Market Breakdown by Material

10.4.6.3.3 Japan Heat exchanger Market Breakdown by Application

10.4.6.4 South Korea Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.4.1 South Korea Heat exchanger Market Breakdown by Type

10.4.6.4.2 South Korea Heat exchanger Market Breakdown by Material

10.4.6.4.3 South Korea Heat exchanger Market Breakdown by Application

10.4.6.5 India Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.5.1 India Heat exchanger Market Breakdown by Type

10.4.6.5.2 India Heat exchanger Market Breakdown by Material

10.4.6.5.3 India Heat exchanger Market Breakdown by Application

10.4.6.6 Australia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.6.1 Australia Heat exchanger Market Breakdown by Type

10.4.6.6.2 Australia Heat exchanger Market Breakdown by Material

10.4.6.6.3 Australia Heat exchanger Market Breakdown by Application

10.4.6.7 Taiwan Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.7.1 Taiwan Heat exchanger Market Breakdown by Type

10.4.6.7.2 Taiwan Heat exchanger Market Breakdown by Material

10.4.6.7.3 Taiwan Heat exchanger Market Breakdown by Application

10.4.6.8 Malaysia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.8.1 Malaysia Heat exchanger Market Breakdown by Type

10.4.6.8.2 Malaysia Heat exchanger Market Breakdown by Material

10.4.6.8.3 Malaysia Heat exchanger Market Breakdown by Application

10.4.6.9 Rest of Asia Pacific Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.9.1 Rest of Asia Pacific Heat exchanger Market Breakdown by Type

10.4.6.9.2 Rest of Asia Pacific Heat exchanger Market Breakdown by Material

10.4.6.9.3 Rest of Asia Pacific Heat exchanger Market Breakdown by Application

10.5 Middle East & Africa

10.5.1 Middle East & Africa Heat exchanger Market Overview

10.5.2 Middle East & Africa Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.3 Middle East & Africa Heat Exchanger Market Breakdown by Type

10.5.3.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Type

10.5.4 Middle East & Africa Heat Exchanger Market Breakdown by Material

10.5.4.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Material

10.5.5 Middle East & Africa Heat Exchanger Market Breakdown by Application

10.5.5.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Application

10.5.6 Middle East & Africa Heat exchanger Market Revenue and Forecasts and Analysis - By Country

10.5.6.1 Middle East & Africa Heat Exchanger Market Revenue and Forecasts and Analysis - By Country

10.5.6.2 Saudi Arabia Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.2.1 Saudi Arabia Heat exchanger Market Breakdown by Type

10.5.6.2.2 Saudi Arabia Heat exchanger Market Breakdown by Material

10.5.6.2.3 Saudi Arabia Heat exchanger Market Breakdown by Application

10.5.6.3 UAE Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.3.1 UAE Heat exchanger Market Breakdown by Type

10.5.6.3.2 UAE Heat exchanger Market Breakdown by Material

10.5.6.3.3 UAE Heat exchanger Market Breakdown by Application

10.5.6.4 Turkey Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.4.1 Turkey Heat exchanger Market Breakdown by Type

10.5.6.4.2 Turkey Heat exchanger Market Breakdown by Material

10.5.6.4.3 Turkey Heat exchanger Market Breakdown by Application

10.5.6.5 South Africa Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.5.1 South Africa Heat exchanger Market Breakdown by Type

10.5.6.5.2 South Africa Heat exchanger Market Breakdown by Material

10.5.6.5.3 South Africa Heat exchanger Market Breakdown by Application

10.5.6.6 Rest of MEA Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.6.1 Rest of MEA Heat exchanger Market Breakdown by Type

10.5.6.6.2 Rest of MEA Heat exchanger Market Breakdown by Material

10.5.6.6.3 Rest of MEA Heat exchanger Market Breakdown by Application

10.6 South America

10.6.1 South America Heat Exchanger Market Overview

10.6.2 South America Heat Exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.3 South America Heat Exchanger Market Breakdown by Type

10.6.3.1 South America Heat Exchanger Market Revenue and Forecasts and Analysis - By Type

10.6.4 South America Heat Exchanger Market Breakdown by Material

10.6.4.1 South America Heat Exchanger Market Revenue and Forecasts and Analysis - By Material

10.6.5 South America Heat Exchanger Market Breakdown by Application

10.6.5.1 South America Heat Exchanger Market Revenue and Forecasts and Analysis - By Application

10.6.6 South America Heat Exchanger Market Revenue and Forecasts and Analysis - By Country

10.6.6.1 South America Heat Exchanger Market Revenue and Forecasts and Analysis - By Country

10.6.6.2 Brazil Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.2.1 Brazil Heat exchanger Market Breakdown by Type

10.6.6.2.2 Brazil Heat exchanger Market Breakdown by Material

10.6.6.2.3 Brazil Heat exchanger Market Breakdown by Application

10.6.6.3 Argentina Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.3.1 Argentina Heat exchanger Market Breakdown by Type

10.6.6.3.2 Argentina Heat exchanger Market Breakdown by Material

10.6.6.3.3 Argentina Heat exchanger Market Breakdown by Application

10.6.6.4 Columbia Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.4.1 Columbia Heat exchanger Market Breakdown by Type

10.6.6.4.2 Columbia Heat exchanger Market Breakdown by Material

10.6.6.4.3 Columbia Heat exchanger Market Breakdown by Application

10.6.6.5 Rest of SAM Heat exchanger Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.5.1 Rest of SAM Heat exchanger Market Breakdown by Type

10.6.6.5.2 Rest of SAM Heat exchanger Market Breakdown by Material

10.6.6.5.3 Rest of SAM Heat exchanger Market Breakdown by Application

11. Heat exchanger Market – Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Product Development

14. Company Profiles

14.1 Alfa Laval AB

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Kelvion Holding GmbH

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Danfoss AS

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 API Heat Transfer Inc

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Chart Industries Inc

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Guntner GmbH & Co KG

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Larsen & Toubro Ltd

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Hisaka Works Ltd

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Johnson Controls International Plc

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Xylem Inc

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About the Insight Partners

15.2 Word Index

List of Tables

Table 1. Heat exchanger Market Segmentation

Table 2. Heat exchanger Market Segmentation, By Geography

Table 3. PEST Analysis

Table 4. Ecosystem: Heat exchanger Market

Table 5. Impact Analysis of Drivers and Restraints

Table 6. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Million)

Table 7. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 8. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Million) - Material

Table 9. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Million) - Application

Table 10. North America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 11. North America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 12. North America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 13. North America Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 14. US Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 15. US Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 16. US Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 17. Canada Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 18. Canada Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 19. Canada Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 20. Mexico Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 21. Mexico Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 22. Mexico Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 23. Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 24. Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 25. Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 26. Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 27. Germany Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 28. Germany Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 29. Germany Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 30. France Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 31. France Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 32. France Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 33. United Kingdom Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 34. United Kingdom Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 35. United Kingdom Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 36. Spain Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 37. Spain Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 38. Spain Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 39. Italy Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 40. Italy Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 41. Italy Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 42. Russia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 43. Russia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 44. Russia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 45. Netherlands Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 46. Netherlands Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 47. Netherlands Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 48. Belgium Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 49. Belgium Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 50. Belgium Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 51. Poland Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 52. Poland Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 53. Poland Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 54. Sweden Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 55. Sweden Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 56. Sweden Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 57. Czech Republic Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 58. Czech Republic Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 59. Czech Republic Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 60. Finland Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 61. Finland Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 62. Finland Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 63. Norway Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 64. Norway Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 65. Norway Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 66. Hungary Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 67. Hungary Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 68. Hungary Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 69. Denmark Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 70. Denmark Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 71. Denmark Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 72. Luxembourg Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 73. Luxembourg Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 74. Luxembourg Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 75. Rest of Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 76. Rest of Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 77. Rest of Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 78. Asia Pacific Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 79. Asia Pacific Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 80. Asia Pacific Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 81. Asia Pacific Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 82. China Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Table 83. China Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 84. China Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 85. China Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 86. Japan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 87. Japan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 88. Japan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 89. South Korea Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 90. South Korea Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 91. South Korea Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 92. India Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 93. India Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 94. India Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 95. Australia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 96. Australia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 97. Australia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 98. Taiwan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 99. Taiwan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 100. Taiwan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 101. Malaysia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 102. Malaysia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 103. Malaysia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 104. Rest of Asia Pacific Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 105. Rest of Asia Pacific Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 106. Rest of Asia Pacific Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 107. Middle East & Africa Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 108. Middle East & Africa Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 109. Middle East & Africa Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 110. Middle East & Africa Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 111. Saudi Arabia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 112. Saudi Arabia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 113. Saudi Arabia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 114. UAE Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 115. UAE Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 116. UAE Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 117. Turkey Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 118. Turkey Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 119. Turkey Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 120. South Africa Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 121. South Africa Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 122. South Africa Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 123. Rest of MEA Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 124. Rest of MEA Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 125. Rest of MEA Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 126. South America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 127. South America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 128. South America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 129. South America Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 130. Brazil Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 131. Brazil Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 132. Brazil Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 133. Argentina Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 134. Argentina Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 135. Argentina Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 136. Columbia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 137. Columbia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 138. Columbia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 139. Rest of SAM Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Type

Table 140. Rest of SAM Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Material

Table 141. Rest of SAM Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 142. Heat Map Analysis By Key Players

Table 143. List of Abbreviation

List of Figures

Figure 1. Heat exchanger Market Breakdown by Geography, 2022 and 2030 (%)

Figure 2. Heat Exchanger Market Revenue (US$ Million), 2022 – 2030

Figure 3. Heat exchanger Market Share (%) – Type, 2022 and 2030

Figure 4. Shell and Tube market revenue and forecasts to 2030 (us$ million)

Figure 5. Plate and Frame Market Revenue and Forecasts To 2030 (US$ Million)

Figure 6. Air Cooled Market Revenue and Forecasts To 2030 (US$ Million)

Figure 7. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 8. Heat exchanger Market Share (%) - Material, 2022 and 2030

Figure 9. Steel Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Copper Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12. Heat exchanger Market Share (%) - Application, 2022 and 2030

Figure 13. Energy Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Chemical Market Revenue and Forecasts To 2030 (US$ Million)

Figure 15. Food and Beverages Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. HVACR Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Pulp and Paper Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 19. Heat exchanger Market Breakdown by Region, 2022 and 2030 (%)

Figure 20. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 21. Heat exchanger Market Breakdown by Type (2022 and 2030)

Figure 22. Heat exchanger Market Breakdown by Material (2022 and 2030)

Figure 23. Heat Exchanger Market Breakdown by Application (2022 and 2030)

Figure 24. Heat exchanger Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 25. US Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 26. Canada Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 27. Mexico Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 28. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 29. Heat exchanger Market Breakdown by Type (2022 and 2030)

Figure 30. Heat exchanger Market Breakdown by Material (2022 and 2030)

Figure 31. Heat exchanger Market Breakdown by Application (2022 and 2030)

Figure 32. Heat exchanger Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 33. Germany Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 34. France Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 35. United Kingdom Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 36. Spain Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 37. Italy Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 38. Russia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 39. Netherlands Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 40. Belgium Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 41. Poland Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 42. Sweden Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 43. Czech Republic Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 44. Finland Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 45. Norway Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 46. Hungary Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 47. Denmark Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 48. Luxembourg Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 49. Rest of Europe Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 50. Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 51. Heat Exchanger Market Breakdown by Type (2022 and 2030)

Figure 52. Heat exchanger Market Breakdown by Material (2022 and 2030)

Figure 53. Heat exchanger Market Breakdown by Application (2022 and 2030)

Figure 54. Heat exchanger Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 55. Japan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 56. South Korea Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 57. India Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 58. Australia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 59. Taiwan Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 60. Malaysia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 61. Rest of Asia Pacific Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 62. Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 63. Heat Exchanger Market Breakdown by Type (2022 and 2030)

Figure 64. Heat Exchanger Market Breakdown by Material (2022 and 2030)

Figure 65. Heat Exchanger Market Breakdown by Application (2022 and 2030)

Figure 66. Heat exchanger Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 67. Saudi Arabia Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 68. UAE Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 69. Turkey Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 70. South Africa Heat Exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 71. Rest of MEA Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 72. Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 73. Heat Exchanger Market Breakdown by Type (2022 and 2030)

Figure 74. Heat Exchanger Market Breakdown by Material (2022 and 2030)

Figure 75. Heat Exchanger Market Breakdown by Application (2022 and 2030)

Figure 76. Heat Exchanger Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 77. Brazil Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 78. Argentina Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 79. Columbia Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 80. Rest of SAM Heat exchanger Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 81. Company Positioning & Concentration

The List of Companies - Heat Exchanger Market

  1. Alfa Laval AB
  2. Kelvion Holding GmbH
  3. Danfoss AS
  4. Xylem Inc    
  5. API Heat Transfer Inc             
  6. Chart Industries Inc
  7. Guntner GmbH & Co KG       
  8. Larsen & Toubro Ltd               
  9. Hisaka Works Ltd     
  10. Johnson Controls International Plc 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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