The global heat exchangers market size is expected to reach USD 26.26 billion by 2030, registering at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand from various industries, including chemical & petrochemical, and power generation, along with an increasing focus on improving efficiency standards is expected to drive the market.
Heat Exchangers Market Report Highlights
- The demand for plate & frame heat exchangers is anticipated to witness growth at a CAGR of 6.1% from 2024 to 2030 on account of its simple & compact structure coupled with their ability to increase capacity easily by adding new plates to the system
- The shell & tube segment led the market and accounted for 35.6% of the global revenue in 2023
- Asia Pacific heat exchanger demand is likely to grow at a CAGR of 6.8% over the forecast period
- The demand for heat exchangers in Saudi Arabia is expected to witness a CAGR of 4.5% owing to the presence of a robust oil & gas industry coupled with the growth in the manufacturing sector attributed to the government’s diversification efforts
For More Details or Sample Copy please visit link @: Heat Exchangers Market Report
The presence of favorable government regulations in the emerging economies of China, India, Brazil, and Mexico about setting up new manufacturing facilities is expected to spur the demand for heat exchangers in various industries. In addition, upcoming nuclear power projects, particularly in the Asia Pacific, are anticipated to drive market growth during the forecast period.
Technological advancements coupled with constant efforts and investments by major market participants in product innovation and research & development are expected to increase the market competitiveness over the coming years. The adoption of novel techniques of additive manufacturing in the production of heat exchangers is likely to complement industrial growth.
The COVID-19 pandemic has severely impacted several economies worldwide. Containment measures, including lockdowns imposed by various countries to curb the spread of COVID-19, have resulted in limiting the operations of manufacturing facilities, thereby negatively impacting the demand for heat exchangers in 2020.
Gain deeper insights on the market and receive your free copy with TOC now @: Heat Exchangers Market Analysis Report
We have segmented the global heat exchangers market report based on product, end-use, material and region
List of major companies in the Heat Exchangers Market
- Alfa Laval
- Danfoss
- Kelvion Holding GmbH
- Güntner Group GmbH
- Xylem Inc.
- API Heat Transfer
- Mersen
- Hisaka Works, Ltd.
- Chart Industries, Inc.
- Johnson Controls International
- HRS Heat Exchangers
- SPX FLOW, Inc.
- Funke Wärmeaustauscher Apparantebau GmbH
- Koch Heat Transfer Company
- Southern Heat Exchanger Corporation.
We have segmented the global heat exchangers market report based on product, end-use, material, and region.
- Heat Exchangers Product Outlook
- Plate & Frame Heat Exchanger
- Shell & Tube Heat Exchanger
- Air-Cooled Heat Exchanger
- Others
- Heat Exchangers End-use Outlook
- Chemical & Petrochemical
- Oil & Gas
- HVAC & Refrigeration
- Power Generation
- Food & Beverage
- Pulp & Paper
- Others
- Heat Exchangers Material Outlook
- Metals
- Alloys
- Others
- Heat Exchangers Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: [email protected]