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Heat Exchanger Market

Heat Exchanger Market Size, Share & Segmentation 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1129 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Heat exchanger Market size was valued at USD 17.12 Bn in 2021 and is expected to reach at USD 25.41 Bn by 2028, and grow at a CAGR of 5.8% over the forecast period 2022-2028.

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.

Heat exchanger Market Revenue Graph

MARKET DYNAMICS:

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.

  • Economies are developing at a fast speed.

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.

CHALLENGES:

  • 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.

OPPORTUNITY:

  • The heat exchangers are productive answers for paper, steel and iron, mash, and mining businesses.
  • The weighty ventures by the central members and supporting government arrangements will assist the market with impelling.

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.

MARKET ESTIMATION:

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

  •  Others

End-use Outlook:

  •  Chemical

  •  Food & Beverage

  •  HVAC & refrigeration

  •  Oil & Gas

  • Power Generation

  •  Pulp & Paper

  •  Others

Heat exchanger Market Segment Chart

KEY PLAYERS:

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.

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Heat Exchanger Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 17.12 Billion
Market Size by 2028 US$ 25.41 Billion
CAGR CAGR of 5.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :

 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. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

    1. COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

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

8.7 Others

 

9. Heat exchanger Market Segmentation, by end-use

9.1 Chemical

9.2 Food & Beverage

9.3 HVAC & refrigeration

9.4 Oil & Gas

9.5 Power Generation

9.6 Pulp & Paper

9.7 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profiles

11.1ALFA LAVAL

11.1.1 Financial

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

11.8 Limited

11.9 Johnson Controls

11.10 XYLEM.

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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Secondary Research

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