Heat Exchangers Market - Global Industry Analysis

Name: Heat Exchangers Market by Type (Shell and Tubes, Air Cooled, Plate and Frame, and Others) and by Application (Chemical, HVACR, Petrochemical, Oil and Gas, Power Generation, Food & Beverages, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024
Brand: Zion Market Research
SKU: ZMR-911
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Heat Exchangers Market by Type (Shell and Tubes, Air Cooled, Plate and Frame, and Others) and by Application (Chemical, HVACR, Petrochemical, Oil and Gas, Power Generation, Food & Beverages, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

Published Date: 17-Oct-2018 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-911 Status : Published

Global heat exchanger market expected to generate around USD 24.48 billion in revenue by the end of 2024, growing at a CAGR of around 8.9% between 2018 and 2024. Rising industrialization leads to an increase in the demand for heat exchangers, which will fuel the growth of the heat exchangers market in the upcoming years.

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Description

The report covers forecast and analysis for the heat exchangers market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes the drivers and restraints for the heat exchangers market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the heat exchangers market on a global level.

In order to give the users of this report a comprehensive view of the heat exchangers market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type and application segment are benchmarked based on their market size, growth rate, and general attractiveness.

Global Heat Exchangers Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

The study provides a decisive view of the heat exchangers market by segmenting the market based on type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes the demand for heat exchangers market based on all the segments in all the regions and countries.

Some key players of the global market for heat exchangers are Cummins, Alfa Laval, Atlas Copco, Aggreko, Xylem Inc., SPX Corporation, GEA group, Hisaka Works Ltd., Kirloskar Brothers Ltd., Danfoss, Xylem, Kelvion Holdings, API Heat Transfer, Modine Manufacturing Company, Gunter, HRS Heat Exchangers, Hisaka Works, and Hindustan Dorr-Oliver.

This report segments the global heat exchangers market as follows:

Global Heat Exchangers Market: Type Segment Analysis

Shell and Tubes
Air Cooled
Plate and Frame
Others

Global Heat Exchangers Market: Application Segment Analysis

Chemicals
HVACR
Petrochemical
Oil and Gas
Power Generation
Food & Beverages
Others

Global Heat Exchangers Market: Regional Segment Analysis

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
Middle East and Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global heat exchangers market, 2015 - 2024 (USD Billion)
- 2.2. Global heat exchangers market: snapshot
Chapter 3. Heat Exchangers Market- Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
  - 3.2.1. Global heat exchangers market drivers: impact analysis
  - 3.2.2. Rapid industrial expansions in the developing markets
  - 3.2.3. Rapid advancement in the technology of heat exchangers
- 3.3. Market Restraints
  - 3.3.1. Global heat exchangers market restraints: impact analysis
  - 3.3.2. Lack of awareness about energy efficiency in buildings
- 3.4. Opportunities
  - 3.4.1. Growing demand for nuclear power generation
- 3.5. Porter's five forces analysis
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis, by type segment
  - 3.6.2. Market attractiveness analysis, by application segment
  - 3.6.3. Market attractiveness analysis, by regional segment
Chapter 4. Global Heat Exchangers Market- Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global heat exchangers market: company market share, 2017
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New product launch
  - 4.2.3. Agreements, partnerships, collaborations and joint ventures
  - 4.2.4. Research and development and regional expansion
Chapter 5. Global Heat Exchangers Market- Type Segment Analysis
- 5.1. Global heat exchangers market: type overview
  - 5.1.1. Global heat exchangers market revenue share, by type, 2017 and 2024
- 5.2. Shell & Tubes
  - 5.2.1. Global heat exchangers market for shell & tubes market, 2015 - 2024 (USD Billion)
- 5.3. Air-Cooled
  - 5.3.1. Global heat exchangers market for the air-cooled market, 2015 - 2024 (USD Billion)
- 5.4. Plate & Frames
  - 5.4.1. Global heat exchangers market for plate & frames market, 2015 - 2024 (USD Billion)
- 5.5. Others
  - 5.5.1. Global heat exchangers market for others market, 2015 - 2024 (USD Billion)
Chapter 6. Global Heat Exchangers Market - Application Segment Analysis
- 6.1. Global heat exchangers market: application overview
  - 6.1.1. Global heat exchangers market revenue share, by application, 2017 and 2024
- 6.2. Chemical
  - 6.2.1. Global heat exchangers market for the chemical market, 2015 - 2024 (USD Billion)
- 6.3. HVACR
  - 6.3.1. Global heat exchangers market for HVACR market, 2015 - 2024 (USD Billion)
- 6.4. Petrochemical
  - 6.4.1. Global heat exchangers market for the petrochemical market, 2015 - 2024 (USD Billion)
- 6.5. Power Generation
  - 6.5.1. Global heat exchangers market for power generation market, 2015 - 2024 (USD Billion)
- 6.6. Food & Beverages
  - 6.6.1. Global heat exchangers market for food & beverages market, 2015 - 2024 (USD Billion)
- 6.7. Oil and Gas
  - 6.7.1. Global heat exchangers market for the oil market, 2015 - 2024 (USD Billion)
- 6.8. Others
  - 6.8.1. Global heat exchangers market for others market, 2015 - 2024 (USD Billion)
Chapter 7. Global Heat Exchangers Market - Regional Segment Analysis
- 7.1. Global heat exchangers market: regional overview
  - 7.1.1. Global heat exchangers market revenue share, by region, 2017 and 2024
- 7.2. North America
  - 7.2.1. North America heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
  - 7.2.2. North America heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.2.3. The U.S.
    - 7.2.3.1. U.S. heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.2.3.2. U.S. heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.2.4. Canada
    - 7.2.4.1. Canada heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.2.4.2. Canada heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.2.5. Mexico
    - 7.2.5.1. Mexico heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.2.5.2. Mexico heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
- 7.3. Europe
  - 7.3.1. Europe heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
  - 7.3.2. Europe heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.3.3. UK
    - 7.3.3.1. UK heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.3.3.2. UK heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.3.4. Germany
    - 7.3.4.1. Germany heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.3.4.2. Germany heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.3.5. France
    - 7.3.5.1. France heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.3.5.2. France heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.3.6. Spain
    - 7.3.6.1. Spain heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.3.6.2. Spain heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.3.7. Russia
    - 7.3.7.1. Russia heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.3.7.2. Russia heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.3.8. Italy
    - 7.3.8.1. Italy heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.3.8.2. Italy heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
- 7.4. Asia Pacific
  - 7.4.1. Asia Pacific heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
  - 7.4.2. Asia Pacific heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.4.3. China
    - 7.4.3.1. China heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.4.3.2. China heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.4.4. Japan
    - 7.4.4.1. Japan heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.4.4.2. Japan heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.4.5. India
    - 7.4.5.1. India heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.4.5.2. India heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.4.6. Southeast Asia
    - 7.4.6.1. Southeast Asia heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.4.6.2. Southeast Asia heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.4.7. Australia
    - 7.4.7.1. Australia heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.4.7.2. Australia heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.4.8. South Korea
    - 7.4.8.1. South Korea heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.4.8.2. South Korea heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
- 7.5. Latin America
  - 7.5.1. Latin America heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
  - 7.5.2. Latin America heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.5.3. Brazil
    - 7.5.3.1. Brazil heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.5.3.2. Brazil heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
- 7.6. Middle East and Africa
  - 7.6.1. Middle East and Africa heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
  - 7.6.2. Middle East and Africa heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.6.3. GCC Countries
    - 7.6.3.1. GCC Countries heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.6.3.2. GCC Countries heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
  - 7.6.4. South Africa
    - 7.6.4.1. South Africa heat exchangers market revenue, by type, 2015 - 2024 (USD Billion)
    - 7.6.4.2. South Africa heat exchangers market revenue, by application, 2015 - 2024 (USD Billion)
Chapter 8. Company Profile
- 8.1. Cummins
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product portfolio
  - 8.1.4. Business strategy
  - 8.1.5. Recent developments
- 8.2. Alfa Laval
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Product portfolio
  - 8.2.4. Business strategy
  - 8.2.5. Recent developments
- 8.3. Atlas Copco
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Product portfolio
  - 8.3.4. Business strategy
  - 8.3.5. Recent developments
- 8.4. Aggreko
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Product portfolio
  - 8.4.4. Business strategy
  - 8.4.5. Recent developments
- 8.5. Xylem Inc.
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Product portfolio
  - 8.5.4. Business strategy
  - 8.5.5. Recent developments
- 8.6. SPX Corporation
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Product portfolio
  - 8.6.4. Business strategy
  - 8.6.5. Recent developments
- 8.7. GEA Group
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Product portfolio
  - 8.7.4. Business strategy
  - 8.7.5. Recent developments
- 8.8. Hisaka Works Ltd.
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product portfolio
  - 8.8.4. Business strategy
  - 8.8.5. Recent developments
- 8.9. Kirloskar Brothers Ltd.
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product portfolio
  - 8.9.4. Business strategy
  - 8.9.5. Recent developments
- 8.10. Danfoss
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product portfolio
  - 8.10.4. Business strategy
  - 8.10.5. Recent developments

Methodology

Free Analysis

Heat exchangers transfer the heat from one matter to another and are separated by a wall to prevent mixing. They are used for both cooling and heating processes. Heat exchangers are significant in various industries, such as chemical plants, petroleum refineries, sewage treatment, oil and gas, and food, among others. They are also used in aircraft applications, as they improve the fuel efficiency by eliminating heat from the engine. They also prevent overheating during power generation, general heat transference, air cooling, waste heat recovery, etc. Furthermore, heat exchangers provide various benefits, such as adaptability, flexibility, and ease of maintenance. In addition, it allows an increase in the heat transfer capabilities.

Rising industrialization leads to an increase in the demand for heat exchangers, which will fuel the growth of the heat exchangers market in the upcoming years. Furthermore, increase in manufacturing activities, technological development related to heat exchangers, and growth in the oil and gas productions are the key factors positively influencing the heat exchangers market. Growing use of the heat exchangers in the water treatment plants, which optimizes the water temperature and increases the efficiency of the plant, is also primarily fueling the expansion of the heat exchangers market. Additionally, rising demand for heat exchangers in commercial business and commercial complexes is also contributing to the market growth. However, fluctuating prices of the raw materials might hamper this market’s growth in the upcoming years.

Global Heat Exchangers Market

On the basis of types, heat exchangers market is segmented into air-cooled, shell and tubes, and plate and frames, among others. Based on application, this market is classified into HVACR (Heating, Ventilation, Air Conditioning, and Refrigeration), chemical, petrochemicals, power generation, food and beverages, and oil and gas, among others.

On the basis of geography, Europe is projected to dominate the market during the forecast timeframe. This growth can be attributed to the rising demand of the heat exchangers in the region. Moreover, the presence of global market players, such as Kelvion Holdings, Danfoss, Gunter, and SWEP International, is positively influencing the market growth in the region. The Asia Pacific region is anticipated to hold a considerable market share during the forecast period. Growing industrialization and increasing demand for heat exchangers from emerging countries, such as China and India, are likely to boost the market growth. Moreover, China registered a huge development in heat exchangers market due to the increasing demand for heat exchangers from the chemical and refrigeration industries.

Some key players operating in the global market for heat exchangers are Cummins, Alfa Laval, Atlas Copco, Aggreko, Xylem Inc., SPX Corporation, GEA Group, Hisaka Works Ltd., Kirloskar Brothers Ltd., Danfoss, Kelvion Holdings, API Heat Transfer, Modine Manufacturing Company, Gunter, HRS Heat Exchangers, and Hindustan Dorr-Oliver.