Report Scope & Overview:
Heat exchanger Market size was valued at USD 18.11 Bn in 2022 and is expected to reach at USD 28.43 Bn by 2030, and grow at a CAGR of 5.8% over the forecast period 2023-2030.
The rising spotlight on productive warm administration in different ventures, including oil and gas, power age, synthetic and petrochemical, food and refreshment, and HVAC and refrigeration, is supposed to drive the interest for heat exchangers during the gauge time frame Rising interest from the substance business combined with expanding innovative progressions and a developing spotlight on further developing effectiveness norms is supposed to drive the market throughout the next few years. Most cycles in petrochemical offices include high strain and temperature, hence, requiring the improvement of intensity move and the upgrade of energy investment funds, which, thus, is probably going to support the interest for energy-effective intensity exchangers.
The enormous interest in HVAC in the business, non-business and modern areas.
The adjustment of the way of life, and changes in the environment.
Economies are developing at a fast speed.
The unsteadiness of the costs of unrefined components is among the central point.
The shaky costs can make disarray and may adversely affect the heat exchangers industry.
Mechanical progression can likewise hamper the market development of the heat exchanger industry somewhat.
The inventory and transportation of massive parts can be monotonous and challenging.
IMPACT OF COVID-19:
Individuals in over 190 nations have been burdened by the COVID-19 pandemic. A few areas were constrained to close down because of the draconian lock-downs which inundated numerous nations. Framework work had stopped because of cross-country lock-downs. In 2020, the worldwide impacts of the Covid ailment 2019 (COVID-19) affected the intensity exchanger industry. Flight scratch-offs travel boycotts and insolation, cafes shutting, all indoor occasions confined, crises proclaimed in numerous nations, gigantic store network log jams, financial exchange unconventionality, falling business certainty, developing frenzy among the populace, and vulnerability about the future have all been affected by the COVID-19 flare-up. Because of slowed-down assembling because of lockdown constraints, restricted accessibility of labor forces, inventory network interruptions, country-wide lock-downs, and vacillation in natural substances costs, heat exchanger makers are experiencing surprising obstacles because of the emergency. In any case, various government upgrade bundles all over the planet have supported nations in balancing out their economies, which is probably going to help different end-use ventures and lead to financial recuperation following the COVID-19 emergency.
BASED ON TYPE:
By type, the shell and tube portion overwhelmed the worldwide heat exchanger market in 2021and is projected to stay the quickest developing fragment during the figure time frame. This is credited to the benefits of different sorts of heat exchangers incorporate, low cost when contrasted with plate-type coolers, simplicity of use in higher working temperatures and tensions, and others. Shell and tube heat exchangers are recommended decisions imputable to the simplicity of adjusting and their similarity for use with various kinds of seawater coolants.
BASED ON END USE:
By end-user industry, the chemical fragment overwhelmed the worldwide heat exchanger market in 2021 and is projected to stay the quickest developing portion during the figure time frame. This is ascribed to its high reception of heat exchangers in the compound business attributable to their application in a mind-boggling series of cycles, like warming, cooling, consolidating, vanishing, division, and others. Likewise, heat exchangers additionally endure the consistent substance responses, permitting basic cycles to be finished securely as well as effectively.
KEY MARKET SEGMENTS:
By Product Outlook:
Plate & frame heat exchanger
Brazed plate & frame heat exchanger
Gasketed plate & frame heat exchanger
Welded plate & frame heat exchanger
Shell & tube heat exchanger
Air-cooled heat exchanger
Food & Beverage
HVAC & refrigeration
Oil & Gas
Pulp & Paper
The major key players in this industry are ALFA LAVAL, Kelvion Holding GmbH, Exchanger Industries Limited, Mersen, Danfoss, API Heat Transfer, Boyd Corporation, H. Güntner, Limited, Johnson Controls, XYLEM.
Europe drove the market and represented the highest share of worldwide income in 2021. Rising public and private framework ventures are expected to drive the interest for these items in HVAC and refrigeration industry. Besides, expanding requests from a few end-use ventures for heat exchangers that offer more prominent solidness, upgraded effectiveness, and less fouling is supposed to drive modern development during the figure time frame.
Rising oil and gas investigation exercises in the U.S. furthermore, Canada are supposed to drive the interest for these items in the North America area. Besides, expanding energy interest in different modern and business areas is probably going to support power and energy areas, subsequently decidedly affecting the general market for heat exchangers throughout the next few years.
The Asia Pacific heat exchangers' request is probably going to rise substantially during the estimated time frame. Quick industrialization in the creating economies of Asia Pacific combined with rising interests in assembling, business, and modern activities has added to the general development of the heat exchangers market in the district.
China's heat exchanger market is likely to be fueled by growing interest in synthetic, petrochemical, and HVAC applications. Factors, for example, the blossoming populace and the public authority's endeavors to upgrade the country's foundation are supposed to lean toward the development of force age and HVAC and refrigeration areas, in this manner driving the interest for these items during the conjecture time frame.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 18.11 Billion|
|Market Size by 2030||US$ 28.43 Billion|
|CAGR||CAGR of 5.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product type (Plate & frame heat exchanger, Brazed plate & frame heat exchanger, Gasketed plate & frame heat exchanger, Welded plate & frame heat exchanger, shell & tube heat exchanger, Air-cooled heat exchanger, Others)
• by End-use (Chemical, Food & Beverage, HVAC & refrigeration, Oil & Gas, Power Generation, Pulp & Paper, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ALFA LAVAL, Kelvion Holding GmbH, Exchanger Industries Limited, Mersen, Danfoss, API Heat Transfer, Boyd Corporation, H. Güntner, Limited, Johnson Controls, XYLEM.|
|Key Drivers||•The enormous interest in HVAC in the business, non-business and modern areas.
•The adjustment of the way of life, and changes in the environment.
|RESTRAINTS||•The unsteadiness of the costs of unrefined components is among the central point.
•The shaky costs can make disarray and may adversely affect the heat exchangers industry.
Ans: - The forecast period of the Heat Exchanger market is 2022-2028.
Ans: - The unsteadiness of the costs of unrefined components is among the central point and the shaky costs can make disarray and may adversely affect the heat exchangers industry.
Ans: - Europe drove the market and represented the highest share of worldwide income in 2021.
Ans. The primary growth tactics of Heat Exchanger market participants include merger and acquisition, business expansion, and product launches.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Heat exchanger Market Segmentation, by Product
8.1 Plate & frame heat exchanger
8.2 Brazed plate & frame heat exchanger
8.3 Gasketed plate & frame heat exchanger
8.4 Welded plate & frame heat exchanger
8.5 Shell & tube heat exchanger
8.6 Air-cooled heat exchanger
9. Heat exchanger Market Segmentation, by end-use
9.2 Food & Beverage
9.3 HVAC & refrigeration
9.4 Oil & Gas
9.5 Power Generation
9.6 Pulp & Paper
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Kelvion Holding GmbH
11.3 Exchanger Industries Limited
11.4 Mersen, Danfoss
11.5 API Heat Transfer
11.6 Boyd Corporation
11.7 H. Güntner
11.9 Johnson Controls
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
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