Heat Exchanger Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global heat exchanger market is expected to grow at a CAGR of around 6.3% during 2025-2034. This report on global heat exchanger market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global heat exchanger market by segmenting the market based on type, material, end use and region. Also, detailed profiles of companies operating in the heat exchanger market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Government Initiatives
• Growing Technological Advancements
Market Challenges
• Fluctuating Raw Material Costs
• High Energy Utilisation for Manufacturing
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Type
• Shell & Tube
• Plate & Frame
• Air Cooled
• Others
Market by Material
• Carbon Steel
• Stainless Steel
• Nickel
• Others
Market by End-Use Industry
• Chemical
• Petrochemical and Oil & Gas
• HVAC and Refrigeration
• Food & Beverage
• Power Generation
• Paper & Pulp
• Others
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Heat Exchanger Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Heat Exchanger Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Heat Exchanger Market by Type
- 5.1. Introduction
- 5.2. Shell & Tube
- 5.3. Plate & Frame
- 5.4. Air Cooled
- 5.5. Others
- 6. Global Heat Exchanger Market by Material
- 6.1 Introduction
- 6.2 Carbon Steel
- 6.3 Stainless Steel
- 6.4 Nickel
- 6.5 Others
- 7. Global Heat Exchanger Market by End-Use Industry
- 7.1 Introduction
- 7.2 Chemical
- 7.3 Petrochemical and Oil & Gas
- 7.4 HVAC and Refrigeration
- 7.5 Food & Beverage
- 7.6 Power Generation
- 7.8 Paper & Pulp
- 7.9 Others
- 8. Global Heat Exchanger Market by Region
- 8.1 Introduction
- 8.2 Europe
- 8.2.1 Germany
- 8.2.2 United Kingdom
- 8.2.3 France
- 8.2.4 Italy
- 8.2.5 Spain
- 8.2.6 Russia
- 8.2.7 Netherlands
- 8.2.8 Rest of the Europe
- 8.3 North America
- 8.3.1 United States
- 8.3.2 Canada
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Indonesia
- 8.4.7 Rest of the Asia Pacific
- 8.5 Latin America
- 8.5.1 Mexico
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 Turkey
- 8.6.2 Iran
- 8.6.3 United Arab Emirates
- 8.6.4 Rest of Middle East & Africa
- 9. SWOT Analysis
- 10. Porter’s Five Forces
- 11. Market Value Chain Analysis
- 12. Competitive Landscape
- 12.1 Competitive Scenario
- 12.2 Company Profiles
- 12.2.1 Alfa Laval
- 12.2.2 API Heat Transfer Inc.
- 12.2.3 Danfoss
- 12.2.4 General Electric Company
- 12.2.5 Hisaka Works
- 12.2.6 IHI Corporation
- 12.2.7 Johnson Controls
- 12.2.8 Kelvion Holding GmbH
- 12.2.9 Koch Industries
- 12.2.10 Lytron Inc.
- 12.2.11 Mersen
- 12.2.12 Modine Manufacturing
- 12.2.13 Royal Hydraulics
- 12.2.14 Sondex A/S
- 12.2.15 Xylem Inc.
- List of Figures
- Figure 1: Global Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 2: Global Heat Exchanger Market by Type, 2024
- Figure 3: Global Heat Exchanger Market by Material, 2024
- Figure 4: Global Heat Exchanger Market by End User, 2024
- Figure 5: Global Heat Exchanger Market by Region, 2024
- Figure 6: Global Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 7: Global Heat Exchanger Market by Type (in %), 2024 & 2034
- Figure 8: Global Shell and Tube Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 9: Global Shell and Tube Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 10: Global Plate & Frame Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 11: Global Plate & Frame Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 12: Global Air Cooled Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 13: Global Air Cooled Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 14: Global Other Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 15: Global Other Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 16: Global Heat Exchanger Market by Material (in %), 2024 & 2034
- Figure 17: Global Carbon Steel Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 18: Global Carbon Steel Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 19: Global Stainless Steel Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 20: Global Stainless Steel Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 21: Global Nickel Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 22: Global Nickel Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 23: Global Other Material Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 24: Global Other Material Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 25: Global Heat Exchanger Market by End Use (in %), 2024 & 2034
- Figure 26: Global Chemical Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 27: Global Chemical Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 28: Global Petrochemical and Oil & Gas Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 29: Global Petrochemical and Oil & Gas Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 30: Global HVAC and Refrigeration Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 31: Global HVAC and Refrigeration Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 32: Global Rear Quarter Glass Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 33: Global Rear Quarter Glass Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 34: Global Food & Beverage Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 35: Global Food & Beverage Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 36: Global Power Generation Mirror Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 37: Global Power Generation Mirror Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 38: Global Paper & Pulp Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 39: Global Paper & Pulp Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 40: Global Other Applications Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 41: Global Other Applications Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 42: Global Heat Exchanger Market by Region (in %), 2024 & 2034
- Figure 43: Europe Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 44: Europe Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 45: Europe Heat Exchanger Market by Country (in %), 2024 & 2034
- Figure 46: Germany Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 47: United Kingdom Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 48: France Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 49: Italy Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 50: Spain Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 51: Russia Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 52: Netherlands Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 53: North America Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 54: North America Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 55: North America Heat Exchanger Market by Country (in %), 2024 & 2034
- Figure 56: United States Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 57: Canada Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 58: Asia Pacific Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 59: Asia Pacific Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 60: Asia Pacific Heat Exchanger Market by Country (in %), 2024 & 2034
- Figure 61: China Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 62: Japan Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 63: India Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 64: South Korea Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 65: Australia Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 66: Indonesia Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 67: Latin America Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 68: Latin America Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 69: Latin America Heat Exchanger Market by Country (in %), 2024 & 2034
- Figure 70: Mexico Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 71: Brazil Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 72: Argentina Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 73: Middle East & Africa Heat Exchanger Market (in US$ Million), 2020-2024
- Figure 74: Middle East & Africa Heat Exchanger Market (in US$ Million), 2025-2034
- Figure 75: Middle East & Africa Heat Exchanger Market by Country (in %), 2024 & 2034
- Figure 76: Saudi Arabia Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 77: Turkey Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 78: Iran Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 79: UAE Heat Exchanger Market (in US$ Million), 2020-2034
- Figure 80: Market Value Chain
- List of Tables
- Table 1: Global Heat Exchanger Market Portraiture
- Table 2: Global Heat Exchanger Market by Type (in US$ Million), 2024 & 2034
- Table 3: Global Heat Exchanger Market by Material (in US$ Million), 2024 & 2034
- Table 4: Global Heat Exchanger Market by End Use Industry (in US$ Million), 2024 & 2034
- Table 5: Global Heat Exchanger Market by Region (in US$ Million), 2024 & 2034
- Table 6: Europe Heat Exchanger Market by Country (in US$ Million), 2024 & 2034
- Table 7: North America Heat Exchanger Market by Country (in US$ Million), 2024 & 2034
- Table 8: Asia Pacific Heat Exchanger Market by Country (in US$ Million), 2024 & 2034
- Table 9: Latin America Heat Exchanger Market by Country (in US$ Million), 2024 & 2034
- Table 10: Middle East & Africa Heat Exchanger Market by Country (in US$ Million), 2024 & 2034
- Table 11: List of Key Players
Research Assistance
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