Market Overview:
The global HVAC heat exchanger market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient heating and cooling systems, rising awareness about energy conservation, and growing demand for HVAC equipment in developing countries. The global HVAC heat exchanger market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into shell and tube heat exchanger, plate heat exchanger, shell and plate heat exchanger, and other types.
Product Definition:
A heat exchanger is a device used to transfer thermal energy between two or more fluids. The fluids may be separated by a solid wall to prevent them from mixing, or they may be in direct contact. Heat exchangers are used in a wide variety of applications, including heating, cooling, refrigeration, and power generation.
Shell And Tube Heat Exchanger:
A heat exchanger is a device used to transfer thermal energy from one medium to another. The two media can be solid or liquid and the temperature difference between them can be significant. Heat exchangers are widely used in industrial processes, power plants, automotive and building HVAC (Heating Ventilation and Air Conditioning) systems. Shell & tube heat exchangers are most commonly utilized for process heating in chemical industries, oil refineries petrochemical plants etc.
Plate Heat Exchanger:
Plate heat exchanger is a device used to transfer heat between two plates of different temperature. It is mainly used in HVAC (Heating, Ventilation and Air Conditioning) industry for cooling or heating the air. The working principle of plate heat exchanger is based on the concept of adiabatic process i.e., when there is no change in pressure or volume, then temperature will remain constant at both ends of the plate heat exchanger.
Application Insights:
The demand for the global heat exchangers is expected to be driven by an increase in the application of these products in residential, automotive, and office buildings. The residential sector dominated the market accounting for over 50% of the overall revenue share in 2017. This can be attributed to growing urbanization coupled with rising disposable income levels among consumers globally.
Increasing consumer spending on energy-efficient products that offer premium performance has resulted in a rise in demand for HVAC systems that use exchangers as their component parts. In addition, governments around the world are taking initiatives to promote energy conservation through technological advancements and product installations across building infrastructure which will further boost industry growth over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rapid industrialization, increasing population, and rising living standards. In addition, government initiatives encouraging private investments in infrastructure development are likely to boost demand for HVAC systems in emerging economies such as China and India.
The residential sector accounted for a major share of the overall industry revenue owing to growing consumer awareness regarding energy conservation coupled with stringent government regulations on energy consumption imposed on various industries pertaining heating/cooling equipment manufacturing companies across Asia Pacific region. Increasing disposable income especially among middle-class groups has led consumers into spending more money on household utilities including electricity, gas & fuel oil etc., which is further expected to drive product demand over the next eight years or so.
Europe was estimated at USD X billion 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 heat exchangers
- Proliferation of smart homes and buildings
- Technological advancements in heat exchanger design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Heat Exchanger Market Research Report
By Type
Shell And Tube Heat Exchanger, Plate Heat Exchanger, Shell And Plate Heat Exchanger, Other
By Application
Residential, Automotive, Office Building, Other
By Companies
Bell & Gossett, Armstrong, TACO, Aurora, Alfa Laval, Kelvion (GEA), SPX Corporation, Shanghai Accessen Group, API, Danfoss, Hisaka
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Heat Exchanger Market Report Segments:
The global HVAC Heat Exchanger market is segmented on the basis of:
Types
Shell And Tube Heat Exchanger, Plate Heat Exchanger, Shell And Plate Heat Exchanger, Other
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, Automotive, Office Building, Other
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:
- Bell & Gossett
- Armstrong
- TACO
- Aurora
- Alfa Laval
- Kelvion (GEA)
- SPX Corporation
- Shanghai Accessen Group
- API
- Danfoss
- Hisaka
Highlights of The HVAC Heat Exchanger 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:
- Shell And Tube Heat Exchanger
- Plate Heat Exchanger
- Shell And Plate Heat Exchanger
- Other
- By Application:
- Residential
- Automotive
- Office Building
- Other
- 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 Exchanger 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?
A heat exchanger is a device that transfers heat from one medium to another. In an HVAC system, the heat exchanger is used to transfer thermal energy from the air conditioning unit (AC) or furnace (heater) to the room temperature air.
Some of the major players in the hvac heat exchanger market are Bell & Gossett, Armstrong, TACO, Aurora, Alfa Laval, Kelvion (GEA), SPX Corporation, Shanghai Accessen Group, API, Danfoss, Hisaka.
The hvac heat exchanger market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HVAC Heat Exchanger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. HVAC Heat Exchanger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HVAC Heat Exchanger Market - Supply Chain
4.5. Global HVAC Heat Exchanger Market Forecast
4.5.1. HVAC Heat Exchanger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HVAC Heat Exchanger Market Size (000 Units) and Y-o-Y Growth
4.5.3. HVAC Heat Exchanger Market Absolute $ Opportunity
5. Global HVAC Heat Exchanger Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. HVAC Heat Exchanger Market Size and Volume Forecast by Type
5.3.1. Shell And Tube Heat Exchanger
5.3.2. Plate Heat Exchanger
5.3.3. Shell And Plate Heat Exchanger
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HVAC Heat Exchanger Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. HVAC Heat Exchanger Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Automotive
6.3.3. Office Building
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HVAC Heat Exchanger Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. HVAC Heat Exchanger Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global HVAC Heat Exchanger Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. HVAC Heat Exchanger Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global HVAC Heat Exchanger Demand Share Forecast, 2019-2026
9. North America HVAC Heat Exchanger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America HVAC Heat Exchanger Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America HVAC Heat Exchanger Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Automotive
9.4.3. Office Building
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HVAC Heat Exchanger Market Size and Volume Forecast by Type
9.7.1. Shell And Tube Heat Exchanger
9.7.2. Plate Heat Exchanger
9.7.3. Shell And Plate Heat Exchanger
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America HVAC Heat Exchanger Demand Share Forecast, 2019-2026
10. Latin America HVAC Heat Exchanger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America HVAC Heat Exchanger Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America HVAC Heat Exchanger Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Automotive
10.4.3. Office Building
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HVAC Heat Exchanger Market Size and Volume Forecast by Type
10.7.1. Shell And Tube Heat Exchanger
10.7.2. Plate Heat Exchanger
10.7.3. Shell And Plate Heat Exchanger
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America HVAC Heat Exchanger Demand Share Forecast, 2019-2026
11. Europe HVAC Heat Exchanger Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe HVAC Heat Exchanger Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe HVAC Heat Exchanger Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Automotive
11.4.3. Office Building
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HVAC Heat Exchanger Market Size and Volume Forecast by Type
11.7.1. Shell And Tube Heat Exchanger
11.7.2. Plate Heat Exchanger
11.7.3. Shell And Plate Heat Exchanger
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe HVAC Heat Exchanger Demand Share, 2019-2026
12. Asia Pacific HVAC Heat Exchanger Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific HVAC Heat Exchanger Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific HVAC Heat Exchanger Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Automotive
12.4.3. Office Building
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HVAC Heat Exchanger Market Size and Volume Forecast by Type
12.7.1. Shell And Tube Heat Exchanger
12.7.2. Plate Heat Exchanger
12.7.3. Shell And Plate Heat Exchanger
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific HVAC Heat Exchanger Demand Share, 2019-2026
13. Middle East & Africa HVAC Heat Exchanger Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa HVAC Heat Exchanger Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa HVAC Heat Exchanger Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Automotive
13.4.3. Office Building
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HVAC Heat Exchanger Market Size and Volume Forecast by Type
13.7.1. Shell And Tube Heat Exchanger
13.7.2. Plate Heat Exchanger
13.7.3. Shell And Plate Heat Exchanger
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa HVAC Heat Exchanger Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HVAC Heat Exchanger Market: Market Share Analysis
14.2. HVAC Heat Exchanger Distributors and Customers
14.3. HVAC Heat Exchanger Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bell & Gossett
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Armstrong
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TACO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aurora
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alfa Laval
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kelvion (GEA)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SPX Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai Accessen Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. API
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Danfoss
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hisaka
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
