Global Heat Exchanger Equipment Market Growth 2025-2031

Global Heat Exchanger Equipment Market Growth 2025-2031

The global Heat Exchanger Equipment market size is predicted to grow from US$ 11850 million in 2025 to US$ 14330 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.

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 worlds 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.

LP Information, Inc. (LPI) ' newest research report, the “Heat Exchanger Equipment Industry Forecast” looks at past sales and reviews total world Heat Exchanger Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Heat Exchanger Equipment sales for 2025 through 2031. With Heat Exchanger Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Exchanger Equipment industry.

This Insight Report provides a comprehensive analysis of the global Heat Exchanger Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heat Exchanger Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heat Exchanger Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Exchanger Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heat Exchanger Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Heat Exchanger Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Plate-fin Type Heat Exchanger Equipment
Wall Type Heat Exchanger Equipment
Hybrid Type Heat Exchanger Equipment

Segmentation by Application:
Automotive
Aerospace
Industrial Equipment

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heat Exchanger Equipment market?

What factors are driving Heat Exchanger Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Heat Exchanger Equipment market opportunities vary by end market size?

How does Heat Exchanger Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.