Market Overview:
The global HVAC heat transfer equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient heating and cooling systems across the globe. In addition, the growing awareness about environment-friendly solutions is also propelling the growth of this market. The plate heat exchangers segment is expected to dominate the global HVAC heat transfer equipment market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030.
Product Definition:
HVAC Heat Transfer Equipment is a device used to transfer heat between two objects. The importance of HVAC Heat Transfer Equipment is that it helps to regulate the temperature in a building or home.
Plate Heat Exchangers:
Plate heat exchangers are used in various HVAC applications such as air conditioning, refrigeration and heating ventilation and air conditioning (HVAC). It is a type of heat exchanger which consists of a number of plates that are heated or cooled by the transfer of heat between two fluids. The plate types can be divided into three major categories including conventional, fin-tube and fluidized bed.
Finned Tube Coil:
Finned tube coil is a heat exchanger tube made from copper and aluminum which has an inner and outer surface with small gaps between them. The small gaps allow the flow of heat out but keep the cold in. This device is used for transferring thermal energy within a closed system including buildings, engines, machines or even nuclear reactors to achieve better efficiency in terms of power generation or heating applications.
Application Insights:
The commercial application segment dominated the global market in 2017. The demand for HVAC heat transfer equipment is increasing in commercial buildings as it reduces the energy consumption by 30%. Also, it helps to maintain a constant temperature inside the building which results in reduced electricity bills. Furthermore, these systems remove moisture from air which increases system efficiency and reliability.
The residential application segment is expected to witness significant growth over the forecast period owing to rising awareness about energy conservation among consumers coupled with government initiatives promoting investments in green technologies such as solar photovoltaic panels and wind turbines across various countries including China, Germany, India and U.S. Moreover, growing concerns regarding indoor climate problems such as mold formation due to improper ventilation are likely to promote product demand among residential consumers worldwide over the forecast period thereby driving growth of this market segment during 2018-2030 period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization and urbanization, which has resulted in an increase in energy consumption. Furthermore, rising disposable income levels coupled with a growing population have created a positive impact on the overall industry demand.
The commercial sector is one of the significant users of heat transfer equipment owing to its large size as compared to residential or industrial sectors. The Asia Pacific regional market accounted for more than 35% share of total revenue generated by all regions globally on account of high construction activities along with increasing investments in IT infrastructure development across major economies such as China and India are some factors that are anticipated to drive product demand over the next eight years.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for energy-efficient heating and cooling systems
- Growing popularity of ductless mini-split systems
- Rising awareness about the benefits of smart thermostats
- Proliferation of green building initiatives worldwide
- Steady growth in construction spending
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Heat Transfer Equipment Market Research Report
By Type
Plate Heat Exchangers, Finned Tube Coil
By Application
Residential, Commercial
By Companies
Alfa Laval, Kelvion (GEA), SPX Corporation, SPX-Flow, API, Funke, Xylem, Thermowave, Hisaka, SWEP, Danfoss (Sondex)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Heat Transfer Equipment Market Report Segments:
The global HVAC Heat Transfer Equipment market is segmented on the basis of:
Types
Plate Heat Exchangers, Finned Tube Coil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alfa Laval
- Kelvion (GEA)
- SPX Corporation
- SPX-Flow
- API
- Funke
- Xylem
- Thermowave
- Hisaka
- SWEP
- Danfoss (Sondex)
Highlights of The HVAC Heat Transfer Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plate Heat Exchangers
- Finned Tube Coil
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Heat Transfer Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HVAC heat transfer equipment is a system used to transfer heat from one area to another. This can be done through the use of air, water, or oil.
Some of the major companies in the hvac heat transfer equipment market are Alfa Laval, Kelvion (GEA), SPX Corporation, SPX-Flow, API, Funke, Xylem, Thermowave, Hisaka, SWEP, Danfoss (Sondex).
The hvac heat transfer equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Heat Transfer Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Heat Transfer Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Heat Transfer Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Heat Transfer Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Heat Transfer Equipment Market Size & Forecast, 2020-2028
4.5.1 HVAC Heat Transfer Equipment Market Size and Y-o-Y Growth
4.5.2 HVAC Heat Transfer Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Plate Heat Exchangers
5.2.2 Finned Tube Coil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Heat Transfer Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Heat Transfer Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Plate Heat Exchangers
9.6.2 Finned Tube Coil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Plate Heat Exchangers
10.6.2 Finned Tube Coil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Plate Heat Exchangers
11.6.2 Finned Tube Coil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Plate Heat Exchangers
12.6.2 Finned Tube Coil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Plate Heat Exchangers
13.6.2 Finned Tube Coil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Heat Transfer Equipment Market: Competitive Dashboard
14.2 Global HVAC Heat Transfer Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfa Laval
14.3.2 Kelvion (GEA)
14.3.3 SPX Corporation
14.3.4 SPX-Flow
14.3.5 API
14.3.6 Funke
14.3.7 Xylem
14.3.8 Thermowave
14.3.9 Hisaka
14.3.10 SWEP
14.3.11 Danfoss (Sondex)
