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Heat Exchanger Market Global Trends, Current Industry Scenario, Size, Share, Emerging Technologies, Prominent Players, Demand and Regional Forecast to 2023

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Heat Exchanger Market Global Trends, Current Industry Scenario, Size, Share, Emerging Technologies, Prominent Players, Demand and Regional Forecast to 2023

August 22
22:10 2019
Heat Exchanger Market Global Trends, Current Industry Scenario, Size, Share, Emerging Technologies, Prominent Players, Demand and Regional Forecast to 2023

Heat Exchanger Market
Heat Exchanger Market Research Report, By Type (Shell & Tube, Plate, Regenerative, Air cooled), Application (Chemicals, Oil & Gas, Power Generation, HVACR, Food & Beverages, Other), and Region (North America, Europe, Asia-Pacific, RoW) – Forecast till 2023

Heat Exchanger Market Scenario

Heat exchangers are vital in the maintenance of safety and efficacy of various processes in diverse industries such as chemical, food, waste recovery, oil & gas, and others. They prevent overheating by transfer of thermal energy between one fluid to another or solid surface. The global heat exchanger industry is witnessing steady growth and is expected to grow at a CAGR of approximately 9.5% over the forecast period of 2017-2023.

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Industry Highlights

Heat exchangers are devices used to transfer heat energy from one fluid to another. Heat exchangers find widespread use in power generation, chemical processing, electronics cooling, air-conditioning, refrigeration, and automotive applications. Heat exchangers used in abundantly in chemical and process industries. It is also used in automobiles in the form of radiators and oil coolers. It is most preferred and widely accepted equipment due to its green and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers.

Competitive Dashboard:

  • Xylem Inc. (U.S.),
  • API Heat Transfer Inc. (U.S),
  • Southern Heat Exchanger (U.S.),
  • Gunter AG & Co. KG (Germany),
  • Hamon & Cie International SA (Belgium),
  • Hughes Anderson Heat Exchangers (U.S.),
  • Kelvion Holdings Gmbh (Germany),
  • Koch Heat Transfer Company (U.S.),
  • Danfoss A/S (Denmark),
  • Alfa Laval AB (Sweden),
  • SPX Corporation (U.S.), and
  • Sierra S.p.A (Italy).


The global heat exchanger market has been segmented based on application, type and region.

Application-wise, the global heat exchanger market has been segmented into chemicals, oil & gas, power generation, HVACR, food & beverages, and others.

Type-wise segmentation of the global heat exchanger market includes shell & tube, plate, regenerative, and air cooled.

Region-wise, the industry covers its growth opportunity and current trends across North America, Europe, Asia-Pacific, middle East & Africa.

Regional Analysis

North America, Europe, Asia Pacific, and the Middle East & Africa are the key markets for heat exchanger.

Europe is the largest market for heat exchanger due to augmented demand from the region due to cold weather condition. Moreover, the region is leading in terms of production of plate & frame heat exchangers in regions such as Germany, UK, and France.

The Middle East & Africa market generates substantial demand for heat exchangers owing to growing application in oil refineries.

Asia Pacific market is expected to witness maximum growth over the forecast period. Rapid industrialization in countries such as China, India, Japan, Indonesia, and Australia initiate the high demand for heat exchangers.

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Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

4.6 List Of Assumptions


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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