Market Overview:
The global metal heat exchangers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and reliable heating and cooling systems across various industries. In addition, the growing need for advanced HVAC systems in commercial buildings is also contributing to the growth of this market. Based on type, the global metal heat exchangers market can be segmented into shell & tube heat exchanger, plate heat exchanger, air cooled heat exchanger, and other types. The shell & tube type held a major share of the global metal heat exchangers market in 2017 and is expected to continue its dominance during the forecast period as well. This type offers high thermal efficiency and easy maintenance which makes it popular among various end-users across different industries. Based on application, the global metal heat exchangers market can be segmented into petrochemical industry, electric power & metallurgy industry, shipbuilding industry, mechanical industry central heating system), food industry,, and other applications such as oil refineries,.
Product Definition:
Metal heat exchangers are devices used to transfer thermal energy between two or more fluids. The fluids can be either liquids or gases, and the metal heat exchanger can be a simple tube or pipe, a coil of tubing, a plate-and-frame design, or even an air-cooled finned radiator. Heat exchangers are important in many industrial processes, including chemical processing, power generation, and refrigeration. In chemical processing plants, for example, metal heat exchangers are often used to cool hot process streams before they enter the plant's reactors. In power plants, water is heated by the burning fuel in the boiler and then used to create steam that drives turbines to generate electricity.
Shell & Tube Heat Exchanger:
A shell and tube heat exchanger is a closed vessel structure made of corrosion-resistant materials such as stainless steel, nickel, titanium or carbon steel. The basic design consists of a metal tube (the inner part) which is exposed to the temperature-sensitive fluid (the outer part). Shell and tube heat exchangers are used for various applications in chemical processing plants, petrochemical plants, power generation facilities among others.
Plate Heat Exchanger:
Plate heat exchanger is a device used to transfer heat between two plates of different temperature. It is mainly used in thermal processing industries such as power plants, petrochemical refineries, cement plants and chemical processing industries. The plate heat exchanger consists of a number of metal or ceramic plates which are exposed to different temperatures.
Application Insights:
Petrochemical industry dominated the global metal heat exchangers market in terms of revenue in 2017. The rising demand for petroleum products including butane, propylene, and benzene from various end-use industries is expected to drive the product demand over the forecast period. Petrochemical application segment is further divided into two categories namely chemical synthesis and petrochemicals which includes polymers, plasticizers, paints & coatings, adhesives & sealants among others.
The electric power industry requires large number of heat exchangers for different processes such as preheating steam generators or turbines to increase their efficiency or reheating boilers water for a second time using waste heat energy thereby reducing greenhouse gas emissions significantly. Increasing environmental concerns are driving the need for energy efficient technologies thus increasing adoption of metalheat products across various applications in electric power industry globally which will have a positive impact on market growth over next seven years.
In shipbuilding industry; shell.
Regional Analysis:
Asia Pacific dominated the global metal heat exchangers market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, especially in China and India. In addition, rising demand for energy-efficient equipment will drive the regional market further.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to high product adoption across industries including petrochemical, electric power & metallurgy, mechanical industry and shipbuilding industry.
North America is projected to grow at a significant rate over the forecast period owing to increasing investments from public as well as private sectors towards development of manufacturing facilities with advanced technologies such as automation.
Growth Factors:
- Increasing demand for energy efficient systems in various industries
- Growing awareness about the benefits of using metal heat exchangers over traditional methods
- Rising need to replace or upgrade existing metal heat exchanger infrastructure
- Technological advancements in the manufacturing of metal heat exchangers
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Heat Exchangers Market Research Report
By Type
Shell & Tube Heat Exchanger, Plate Heat Exchanger, Air Cooled Heat Exchanger, Other Types
By Application
Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry, Other Applications
By Companies
Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, 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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Metal Heat Exchangers Market Report Segments:
The global Metal Heat Exchangers market is segmented on the basis of:
Types
Shell & Tube Heat Exchanger, Plate Heat Exchanger, Air Cooled Heat Exchanger, Other Types
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 Applications
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
- IHI
- Danfoss (Sondex)
- SPX-Flow
- DOOSAN
- API
- KNM
- Funke
- Xylem
- Thermowave
- Hisaka
- SWEP
- LARSEN & TOUBRO
- Accessen
- THT
- Hitachi Zosen
- LANPEC
- Siping ViEX
- Beichen
- Lanzhou LS
- Defon
- Ormandy
- FL-HTEP
Highlights of The Metal 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
- Air Cooled Heat Exchanger
- Other Types
- By Application:
- Petrochemical
- Electric Power & Metallurgy
- Shipbuilding Industry
- Mechanical Industry
- Central Heating
- Food Industry
- Other Applications
- 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 Metal 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?
Metal heat exchangers are used to transfer thermal energy from one metal to another. They are made of a number of different metals, including aluminum, copper, and stainless steel.
Some of the key players operating in the metal heat exchangers market are Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, Thermowave, Hisaka, SWEP, LARSEN & TOUBRO, Accessen, THT, Hitachi Zosen, LANPEC, Siping ViEX, Beichen, Lanzhou LS, Defon, Ormandy, FL-HTEP.
The metal heat exchangers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal 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. Metal 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. Metal Heat Exchangers Market - Supply Chain
4.5. Global Metal Heat Exchangers Market Forecast
4.5.1. Metal Heat Exchangers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metal Heat Exchangers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metal Heat Exchangers Market Absolute $ Opportunity
5. Global Metal 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. Metal 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. Air Cooled Heat Exchanger
5.3.4. Other Types
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metal 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. Metal 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 Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metal 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. Metal 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 Metal 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. Metal 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 Metal Heat Exchangers Demand Share Forecast, 2019-2026
9. North America Metal 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 Metal 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 Metal 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 Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metal 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. Air Cooled Heat Exchanger
9.7.4. Other Types
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 Metal Heat Exchangers Demand Share Forecast, 2019-2026
10. Latin America Metal 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 Metal 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 Metal 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 Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metal 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. Air Cooled Heat Exchanger
10.7.4. Other Types
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 Metal Heat Exchangers Demand Share Forecast, 2019-2026
11. Europe Metal 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 Metal 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 Metal 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 Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metal Heat Exchangers Market Size and Volme Forecast by Type
11.7.1. Shell & Tube Heat Exchanger
11.7.2. Plate Heat Exchanger
11.7.3. Air Cooled Heat Exchanger
11.7.4. Other Types
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 Metal Heat Exchangers Demand Share, 2019-2026
12. Asia Pacific Metal 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 Metal 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 Metal 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 Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metal 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. Air Cooled Heat Exchanger
12.7.4. Other Types
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 Metal Heat Exchangers Demand Share, 2019-2026
13. Middle East & Africa Metal 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 Metal 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 Metal 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 Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metal 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. Air Cooled Heat Exchanger
13.7.4. Other Types
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 Metal Heat Exchangers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metal Heat Exchangers Market: Market Share Analysis
14.2. Metal Heat Exchangers Distributors and Customers
14.3. Metal 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. Kelvion (GEA)
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. Danfoss (Sondex)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SPX-Flow
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DOOSAN
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. API
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KNM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Funke
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Xylem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Thermowave
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hisaka
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
