Global Heat Exchanger Market Growth 2023-2029

Global Heat Exchanger Market Growth 2023-2029

Product Code:457126

Published Date: Feb 08,2023

Pages: 129

Region: Global

Category: Machinery & Equipment

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Heat Exchangers is a piece of equipment built for efficient heat transfer from one medium to another. Heat exchangers are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.

LPI (LP Information)' newest research report, the “Heat Exchanger Industry Forecast” looks at past sales and reviews total world Heat Exchanger sales in 2022, providing a comprehensive analysis by region and market sector of projected Heat Exchanger sales for 2023 through 2029. With Heat Exchanger sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Exchanger industry.

This Insight Report provides a comprehensive analysis of the global Heat Exchanger landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heat Exchanger portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heat Exchanger market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Exchanger and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heat Exchanger.

The global Heat Exchanger market size is projected to grow from US$ 14850 million in 2022 to US$ 22350 million in 2029; it is expected to grow at a CAGR of 22350 from 2023 to 2029.

Global Heat Exchanger key players include Alfa Laval, Kelvion (GEA), SPX, IHI, Danfoss (Sondex) etc. Global top five manufacturers hold a share over 35%. Asia-Pacific is the largest market, with a share over 30%, followed by North America and Europe, both have a share over 50% percent. 
In terms of product, Shell & Tube Heat Exchanger is the largest segment, with a share over 30%. And in terms of application, the largest application is Petrochemical, followed by Electric Power & Metallurgy.

This report presents a comprehensive overview, market shares, and growth opportunities of Heat Exchanger market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Shell & Tube Heat Exchanger
    Plate Heat Exchanger
    Air Cooled Heat Exchanger
    Other Types

Segmentation by application
    Petrochemical
    Electric Power & Metallurgy
    Shipbuilding Industry
    Mechanical Industry
    Central Heating
    Food Industry
    Other Applications

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Alfa Laval
    Kelvion (GEA)
    SPX
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Heat Exchanger market?
What factors are driving Heat Exchanger market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heat Exchanger market opportunities vary by end market size?
How does Heat Exchanger break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?