Heat Exchanger Market

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.

Heat Exchanger Market contains market size and forecasts of Heat Exchanger in global, including the following market information:

Global Heat Exchanger Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Heat Exchanger Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Heat Exchanger companies in 2021 (%)

The global Heat Exchanger market was valued at 15620 million in 2021 and is projected to reach US$ 22800 million by 2028, at a CAGR of 5.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Shell & Tube Heat Exchanger Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Heat Exchanger include Alfa Laval, Kelvion (GEA), SPX, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API and KNM, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Heat Exchanger manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Heat Exchanger Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Heat Exchanger Market Segment Percentages, by Type, 2021 (%)

Shell & Tube Heat Exchanger

Plate Heat Exchanger

Air Cooled Heat Exchanger

Other Types

Global Heat Exchanger Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Heat Exchanger Market Segment Percentages, by Application, 2021 (%)

Petrochemical

Electric Power & Metallurgy

Shipbuilding Industry

Mechanical Industry

Central Heating

Food Industry

Other Applications

Global Heat Exchanger Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Heat Exchanger Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Heat Exchanger revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Heat Exchanger revenues share in global market, 2021 (%)

Key companies Heat Exchanger sales in global market, 2017-2022 (Estimated), (Units)

Key companies Heat Exchanger sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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