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

According to our (Global Info Research) latest study, the global Heat Transfer Equipment market size was valued at US$ 14920 million in 2024 and is forecast to a readjusted size of USD 19970 million by 2031 with a CAGR of 4.3% during review period.

Heat Transfer Equipment is a piece of equipment built for efficient heat transfer from one medium to another. Heat Transfer Equipment 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.

Alfa Laval and Kelvion (GEA) are the top 2 players of Heat Transfer Equipment, with about 30% market shares.

This report is a detailed and comprehensive analysis for global Heat Transfer 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 Transfer Equipment market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

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

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

Global Heat Transfer Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (K 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 Transfer 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 Transfer 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 Corporation, IHI, SPX-Flow, DOOSAN, API, KNM, Funke, Xylem, etc.

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

Market Segmentation

Heat Transfer 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
Shell & Tube
Plate
Fin Type
Air Cooled

Market segment by Application
Petrochemical
Electric Power & Metallurgy
Shipbuilding Industry
Mechanical Industry
Central Heating
Food Industry
Others

Major players covered
Alfa Laval
Kelvion (GEA)
SPX Corporation
IHI
SPX-Flow
DOOSAN
API
KNM
Funke
Xylem
Thermowave
Hisaka
Sondex A/S
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 Transfer Equipment product scope, market overview, market estimation caveats and base year.

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

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

Chapter 4, the Heat Transfer 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 Transfer 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 Transfer Equipment.

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