Global Heat Exchanger Equipment Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Heat Exchanger Equipment market size was valued at US$ 12130 million in 2024 and is forecast to a readjusted size of USD 14910 million by 2031 with a CAGR of 3.0% during review period.

The equipment that transfers heat from hot fluid to cold fluid is called heat exchange equipment, which is widely used in oil refining, chemical industry, light industry, pharmaceuticals, machinery, food processing and other fields.

The global heat exchange equipment production market is relatively fragmented. The main manufacturers on the market include Alfa Laval, Kelvion (GEA), IHI, SPX Corporation, Danfoss (Sondex), etc., as global leading companies. Europe is the world"s largest production area, accounting for 31% of the market for output value. THT Group, Gansu Lanke Petrochemical High-tech Equipment, Accessen, etc. are leading domestic manufacturers.

The global heat exchange equipment consumer market is mainly concentrated in the Asia-Pacific region, Europe, North America and other regions. Among them, the Asia-Pacific region has the largest share of heat exchange equipment sales, accounting for 45% of the world in 2019. Europe and North America are behind.

In the downstream consumer market, heat exchange equipment can be widely used in petrochemicals, power and metallurgy, ships, machinery, food, pharmaceuticals, etc., among which petrochemical applications are the largest consumer market, accounting for 36% of the market.

Heat-Exchange Equipment can be divided into 3 types: Shell and Tube Heat Exchanger, Plate Heat Exchanger and Air-cooled Heat Exchanger. Shell and Tube Heat Exchanger holds nearly 51% of the market, which is the biggest among the three.

This report is a detailed and comprehensive analysis for global Heat Exchanger Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Heat Exchanger Equipment market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2020-2031

Global Heat Exchanger Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2020-2031

Global Heat Exchanger Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2020-2031

Global Heat Exchanger Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (USD/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Heat Exchanger Equipment

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Heat Exchanger Equipment market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Alfa Laval, Kelvion(GEA), SPX, IHI, Danfoss(Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Heat Exchanger Equipment market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Plate-fin Type Heat Exchanger Equipment
Wall Type Heat Exchanger Equipment
Hybrid Type Heat Exchanger Equipment

Market segment by Application
Automotive
Aerospace
Industrial Equipment

Major players covered
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

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Heat Exchanger Equipment product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Heat Exchanger Equipment, with price, sales quantity, revenue, and global market share of Heat Exchanger Equipment from 2020 to 2025.

Chapter 3, the Heat Exchanger Equipment competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Heat Exchanger Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Heat Exchanger Equipment market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Heat Exchanger Equipment.

Chapter 14 and 15, to describe Heat Exchanger Equipment sales channel, distributors, customers, research findings and conclusion.