The global industrial heat exchangers market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for energy efficient and sustainable technologies in various industries such as petrochemical, electric power & metallurgy, shipbuilding industry, mechanical industry and central heating.
Shell & tube heat exchanger segment accounted for the largest share in the global industrial heat exchangers market in 2017 owing to its high efficiency and low cost of operation. The plate type heat exchanger segment is expected to grow at a higher CAGR during the forecast period due to its high efficiency and low maintenance cost compared with other types of heat exchangers.
Some Of The Growth Factors Of This Market:
- The increasing demand for energy efficient and environmentally friendly products is driving the growth of the Industrial Heat Exchangers market.
- The need to reduce costs in industries such as oil and gas, power generation, chemical processing, and food & beverage is also driving the growth of this market.
- The increasing demand for heat exchangers in emerging economies such as China and India is also a major factor contributing to the growth of this market.
- Increasing investments by governments in research & development activities related to heat exchangers are expected to drive this market over the forecast period.
- Increasing focus on reducing greenhouse gas emissions from industrial processes will lead to increased adoption of heat exchangers.
Industry Growth Insights published a new data on “Industrial Heat Exchangers Market”. The research report is titled “Industrial Heat Exchangers Market research by Types (Shell & Tube Heat Exchanger, Plate Heat Exchanger, Fin type Heat Exchanger, Air Cooled Heat Exchanger), By Applications (Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry, Other), By Players/Companies Alfa Laval, Geurts International, SPX Corporation, IHI, SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, Sondex A/S, SWEP, LARSEN & TOUBRO, Accessen, THT, Hitachi Zosen, LANPEC, Siping ViEX, Beichen, Lanzhou LS, Defon, Ormandy, FL-HTEP”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Heat Exchangers Market Research Report
By Type
Shell & Tube Heat Exchanger, Plate Heat Exchanger, Fin type Heat Exchanger, Air Cooled Heat Exchanger
By Application
Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry, Other
By Companies
Alfa Laval, Geurts International, SPX Corporation, IHI, SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, Sondex A/S, SWEP, LARSEN & TOUBRO, Accessen, THT, Hitachi Zosen, LANPEC, Siping ViEX, Beichen, Lanzhou LS, Defon, Ormandy, FL-HTEP
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Heat Exchangers Market Report Segments:
The global Industrial Heat Exchangers market is segmented on the basis of:
Types
Shell & Tube Heat Exchanger, Plate Heat Exchanger, Fin type Heat Exchanger, Air Cooled Heat Exchanger
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
Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry, 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:
- Alfa Laval
- Geurts International
- SPX Corporation
- IHI
- SPX-Flow
- DOOSAN
- API
- KNM
- Funke
- Xylem
- Thermowave
- Hisaka
- Sondex A/S
- SWEP
- LARSEN & TOUBRO
- Accessen
- THT
- Hitachi Zosen
- LANPEC
- Siping ViEX
- Beichen
- Lanzhou LS
- Defon
- Ormandy
- FL-HTEP
Highlights of The Industrial Heat Exchangers 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 & Tube Heat Exchanger
- Plate Heat Exchanger
- Fin type Heat Exchanger
- Air Cooled Heat Exchanger
- By Application:
- Petrochemical
- Electric Power & Metallurgy
- Shipbuilding Industry
- Mechanical Industry
- Central Heating
- Food Industry
- 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 Industrial Heat Exchangers 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.
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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?
Industrial heat exchangers are used to transfer thermal energy from one medium or fluid to another. They can be found in a variety of industrial applications, such as the production of chemicals, metals and plastics.
Some of the major companies in the industrial heat exchangers market are Alfa Laval, Geurts International, SPX Corporation, IHI, SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, Sondex A/S, SWEP, LARSEN & TOUBRO, Accessen, THT, Hitachi Zosen, LANPEC, Siping ViEX, Beichen, Lanzhou LS, Defon, Ormandy, FL-HTEP.
The industrial heat exchangers market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Heat Exchangers 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. Industrial Heat Exchangers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Heat Exchangers Market - Supply Chain
4.5. Global Industrial Heat Exchangers Market Forecast
4.5.1. Industrial Heat Exchangers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Heat Exchangers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Heat Exchangers Market Absolute $ Opportunity
5. Global Industrial Heat Exchangers 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. Industrial Heat Exchangers Market Size and Volume Forecast by Type
5.3.1. Shell & Tube Heat Exchanger
5.3.2. Plate Heat Exchanger
5.3.3. Fin type Heat Exchanger
5.3.4. Air Cooled Heat Exchanger
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Heat Exchangers 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. Industrial Heat Exchangers Market Size and Volume Forecast by Application
6.3.1. Petrochemical
6.3.2. Electric Power & Metallurgy
6.3.3. Shipbuilding Industry
6.3.4. Mechanical Industry
6.3.5. Central Heating
6.3.6. Food Industry
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Heat Exchangers 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. Industrial Heat Exchangers 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 Industrial Heat Exchangers 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. Industrial Heat Exchangers 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 Industrial Heat Exchangers Demand Share Forecast, 2019-2026
9. North America Industrial Heat Exchangers 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 Industrial Heat Exchangers 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 Industrial Heat Exchangers Market Size and Volume Forecast by Application
9.4.1. Petrochemical
9.4.2. Electric Power & Metallurgy
9.4.3. Shipbuilding Industry
9.4.4. Mechanical Industry
9.4.5. Central Heating
9.4.6. Food Industry
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Heat Exchangers Market Size and Volume Forecast by Type
9.7.1. Shell & Tube Heat Exchanger
9.7.2. Plate Heat Exchanger
9.7.3. Fin type Heat Exchanger
9.7.4. Air Cooled Heat Exchanger
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 Industrial Heat Exchangers Demand Share Forecast, 2019-2026
10. Latin America Industrial Heat Exchangers 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 Industrial Heat Exchangers 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 Industrial Heat Exchangers Market Size and Volume Forecast by Application
10.4.1. Petrochemical
10.4.2. Electric Power & Metallurgy
10.4.3. Shipbuilding Industry
10.4.4. Mechanical Industry
10.4.5. Central Heating
10.4.6. Food Industry
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Heat Exchangers Market Size and Volume Forecast by Type
10.7.1. Shell & Tube Heat Exchanger
10.7.2. Plate Heat Exchanger
10.7.3. Fin type Heat Exchanger
10.7.4. Air Cooled Heat Exchanger
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 Industrial Heat Exchangers Demand Share Forecast, 2019-2026
11. Europe Industrial Heat Exchangers 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 Industrial Heat Exchangers 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 Industrial Heat Exchangers Market Size and Volume Forecast by Application
11.4.1. Petrochemical
11.4.2. Electric Power & Metallurgy
11.4.3. Shipbuilding Industry
11.4.4. Mechanical Industry
11.4.5. Central Heating
11.4.6. Food Industry
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Heat Exchangers Market Size and Volume Forecast by Type
11.7.1. Shell & Tube Heat Exchanger
11.7.2. Plate Heat Exchanger
11.7.3. Fin type Heat Exchanger
11.7.4. Air Cooled Heat Exchanger
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 Industrial Heat Exchangers Demand Share, 2019-2026
12. Asia Pacific Industrial Heat Exchangers 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 Industrial Heat Exchangers 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 Industrial Heat Exchangers Market Size and Volume Forecast by Application
12.4.1. Petrochemical
12.4.2. Electric Power & Metallurgy
12.4.3. Shipbuilding Industry
12.4.4. Mechanical Industry
12.4.5. Central Heating
12.4.6. Food Industry
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Heat Exchangers Market Size and Volume Forecast by Type
12.7.1. Shell & Tube Heat Exchanger
12.7.2. Plate Heat Exchanger
12.7.3. Fin type Heat Exchanger
12.7.4. Air Cooled Heat Exchanger
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 Industrial Heat Exchangers Demand Share, 2019-2026
13. Middle East & Africa Industrial Heat Exchangers 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 Industrial Heat Exchangers 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 Industrial Heat Exchangers Market Size and Volume Forecast by Application
13.4.1. Petrochemical
13.4.2. Electric Power & Metallurgy
13.4.3. Shipbuilding Industry
13.4.4. Mechanical Industry
13.4.5. Central Heating
13.4.6. Food Industry
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Heat Exchangers Market Size and Volume Forecast by Type
13.7.1. Shell & Tube Heat Exchanger
13.7.2. Plate Heat Exchanger
13.7.3. Fin type Heat Exchanger
13.7.4. Air Cooled Heat Exchanger
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 Industrial Heat Exchangers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Heat Exchangers Market: Market Share Analysis
14.2. Industrial Heat Exchangers Distributors and Customers
14.3. Industrial Heat Exchangers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfa Laval
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Geurts International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SPX Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IHI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SPX-Flow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DOOSAN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. API
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KNM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Funke
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xylem
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Thermowave
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hisaka
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sondex A/S
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SWEP
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. LARSEN & TOUBRO
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Accessen
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. THT
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hitachi Zosen
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. LANPEC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Siping ViEX
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
