One Stop Solution For In-Depth Market Research Reports

詳細な市場調査レポートのワンストップソリューション

Home    >    CHEMICALS AND ADVANCED MATERIALS   >   Heat Exchangers Market

[ 英語タイトル ] Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2023


Product Code : MNMCH00110136
Survey : MarketsandMarkets
Publish On : March, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
5 User USD6650 / Question Form
Enterprise User USD10000 / Question Form

[Report Description]

“The heat exchangers market is projected to grow at a CAGR of 9.0% during the forecast period.”

The heat exchangers market is estimated to be USD 14.68 billion in 2018 and is projected to reach USD 22.59 billion by 2023, at a CAGR of 9.0% between 2018 and 2023. Heat exchangers are environmentally-friendly, and they offer advantages, such as high operating efficiency and reduced energy consumption. Heat exchangers are used across a wide range of applications, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. The lack of awareness about energy efficiency in buildings is hindering the growth of the market for heat exchangers.


“HVACR is expected to be the fastest-growing application segment of the heat exchangers market during the forecast period.”

The HVACR application segment is expected to grow at the highest CAGR between 2018 and 2023. The growth of this segment can be attributed to the growing building & construction industry and increased government investments in infrastructural projects.

“Asia Pacific is projected to be the fastest-growing market for heat exchangers during the forecast period.“

Asia Pacific is projected to be the fastest-growing market for heat exchangers, in terms of value during the forecast period. China and India are two major markets for heat exchangers in Asia Pacific. The growth in the commercial building & construction industry, high-end real estate, and energy-saving policies are likely to drive the demand for heat exchangers in China and India.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.
• By Company Type: Tier 1 – 38%, Tier 2 – 56%, and Others – 6%
• By Designation: C level –60%, Director level – 30%, and Others – 10%
• By Region: North America – 15%, Europe – 31%, Asia Pacific – 23%, Middle East & Africa – 23%, and South America – 8%

Key companies profiled in this market research report are Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Gunter (Germany), Hindustan Dorr-Oliver (India), and Hisaka Works (Japan).

Research Coverage
This report covers the heat exchangers market, in terms of value and forecasts its market size till 2023. The report includes the market segmentation based on type (shell & tube, plate & frame, air cooled, and others), application (chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, pulp & paper, and others), and region (APAC, Europe, North America, and Middle East & Africa, and South America). The regions have been further segmented based on key countries into the US, Canada, Mexico, Germany, the UK, France, Russia, Italy, Sweden, Turkey, China, Japan, India, South Korea, Saudi Arabia, and Brazil. The report also provides company profiles and competitive strategies adopted by the key players in the global heat exchangers market.


Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the heat exchangers market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. The report helps the stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product developments, expansions, agreements & contracts partnerships, acquisitions, and joint ventures.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 SIGNIFICANT OPPORTUNITIES IN THE HEAT EXCHANGERS MARKET 30
4.2 HEAT EXCHANGERS MARKET, BY TYPE 30
4.3 HEAT EXCHANGERS MARKET, BY APPLICATION 31
4.4 HEAT EXCHANGERS MARKET IN THE APAC REGION 31
4.5 HEAT EXCHANGERS MARKET, BY REGION 32
5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.1.1 DRIVERS 34
5.1.1.1 Surging energy prices 34
5.1.1.2 Rapid industrial expansions in the developing markets of APAC 34
5.1.1.3 Stringent environmental regulations 35
5.1.1.4 Increase in HVACR deployments and growth in industrial activities 35
5.1.1.5 Technological advancements in the heat exchangers market 35
5.1.2 RESTRAINTS 36
5.1.2.1 Slow growth of the market in Europe and North America 36
5.1.2.2 Lack of awareness about energy efficiency in buildings 36
5.1.3 OPPORTUNITIES 36
5.1.3.1 Growing demand for nuclear power generation 36
5.1.3.2 Large aftermarket for heat exchangers 37
5.1.4 CHALLENGES 37
5.1.4.1 Fluorinated greenhouse gas regulations 37
5.2 PORTER’S FIVE FORCES 38
5.2.1 THREAT OF NEW ENTRANTS 38
5.2.2 THREAT OF SUBSTITUTES 39
5.2.3 BARGAINING POWER OF BUYERS 39
5.2.4 BARGAINING POWER OF SUPPLIERS 39
5.2.5 INTENSITY OF COMPETITIVE RIVALRY 40
6 MACROECONOMIC INDICATORS 41
6.1 INTRODUCTION 41
6.2 TRENDS AND FORECAST OF GDP 41
6.3 CHEMICAL INDUSTRY 42
6.4 ENERGY CONSUMPTION DATA, 2016 43
6.5 CRUDE OIL PRODUCTION DATA, 2016 43
6.5.1 NUCLEAR ENERGY 44
6.6 STEEL INDUSTRY 44
7 HEAT EXCHANGERS MARKET, BY TYPE 45
7.1 INTRODUCTION 46
7.2 SHELL & TUBE HEAT EXCHANGERS 47
7.2.1 TUBULAR HEAT EXCHANGERS 47
7.3 PLATE & FRAME HEAT EXCHANGERS 47
7.3.1 GASKETED PLATE & FRAME HEAT EXCHANGERS 47
7.3.2 WELDED PLATE & FRAME HEAT EXCHANGERS 48
7.3.3 BRAZED HEAT EXCHANGERS 48
7.4 AIR COOLED HEAT EXCHANGERS 48
7.5 OTHERS 48
7.5.1 EXTENDED SURFACE HEAT EXCHANGERS 48
7.5.2 REGENERATIVE HEAT EXCHANGERS 48

8 HEAT EXCHANGERS MARKET, BY APPLICATION 49
8.1 INTRODUCTION 50
8.2 CHEMICAL 51
8.2.1 FINE CHEMICALS & PHARMACEUTICAL 51
8.3 PETROCHEMICAL AND OIL & GAS 51
8.3.1 OIL & GAS HEATER 51
8.4 HVACR 52
8.5 FOOD & BEVERAGE 52
8.5.1 SUGAR AND ETHANOL PRODUCTION 52
8.5.2 OTHER APPLICATIONS 52
8.6 POWER GENERATION 53
8.7 PULP & PAPER 53
8.8 OTHERS 53
9 HEAT EXCHANGERS MARKET, BY GRAPHITE 54
9.1 INTRODUCTION 55
9.2 CUBIC HEAT EXCHANGERS 55
9.3 GRAPHITE BLOCK HEAT EXCHANGERS 55
9.4 POLYTUBE GRAPHITE SHELL & TUBE BLOCK HEAT EXCHANGERS 55
10 PRINTED CIRCUIT HEAT EXCHANGERS MARKET 57
10.1 INTRODUCTION 58
11 HEAT EXCHANGERS MARKET, BY REGION 59
11.1 INTRODUCTION 60
11.2 NORTH AMERICA 62
11.2.1 US 65
11.2.2 CANADA 66
11.2.3 MEXICO 67
11.3 APAC 68
11.3.1 CHINA 71
11.3.2 INDIA 72
11.3.3 JAPAN 73
11.3.4 SOUTH KOREA 75
11.3.5 REST OF APAC 76
11.4 EUROPE 77
11.4.1 GERMANY 80
11.4.2 FRANCE 81
11.4.3 ITALY 82
11.4.4 UK 83
11.4.5 SWEDEN 84
11.4.6 RUSSIA 85
11.4.7 TURKEY 86
11.4.8 REST OF EUROPE 87
11.5 MIDDLE EAST & AFRICA 89
11.5.1 SAUDI ARABIA 91
11.5.2 REST OF MIDDLE EAST & AFRICA 92
11.6 SOUTH AMERICA 93
11.6.1 BRAZIL 95
11.6.2 REST OF SOUTH AMERICA 96
12 COMPETITIVE LANDSCAPE 98
12.1 OVERVIEW 98
12.2 MARKET RANKING ANALYSIS 100
12.3 COMPETITIVE SITUATIONS & TRENDS 101
12.3.1 EXPANSIONS 101
12.3.2 ACQUISITION 102
12.3.3 NEW PRODUCT LAUNCHES 103
12.3.4 CONTRACTS AND AGREEMENTS 105
13 COMPANY PROFILES 107
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1 ALFA LAVAL 107
13.2 KELVION HOLDINGS 111
13.3 DANFOSS 114
13.4 SPX CORPORATION AND GODREJ & BOYCE MANUFACTURING 117
13.5 XYLEM 119
13.6 API HEAT TRANSFER 121
13.7 GUNTNER 122
13.8 HINDUSTAN DORR-OLIVER 124
13.9 HISAKA WORKS 125
13.10 JOHNSON CONTROLS INTERNATIONAL 127
13.11 OTHER COMPANIES 128
13.11.1 HRS HEAT EXCHANGERS 128
13.11.2 MODINE MANUFACTURING COMPANY 128
13.11.3 SIERRA 128
13.11.4 SWEP INTERNATIONAL 128
13.11.5 MERSEN 128
13.11.6 THERMAX GLOBAL 128
13.11.7 KOCH HEAT TRANSFER COMPANY 128
13.11.8 HARSCO INDUSTRIAL AIR-X-CHANGERS 129
13.11.9 BARRIQUAND TECHNOLOGIES 129
13.11.10 FUNKE WARMEAUSTAUSCHER APPARATEBAU 129
13.11.11 VAHTERUS 129
13.11.12 RADIANT HEAT EXCHANGER 129
13.11.13 DOOSAN CORPORATION 129
13.11.14 AIR PRODUCTS AND CHEMICALS 129
13.11.15 THERMOFIN 130
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14 APPENDIX 131
14.1 DISCUSSION GUIDE 131
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 134
14.3 RELATED REPORTS 136
14.4 AUTHOR DETAILS 137

渋谷データカウント

渋谷データカウントは、最も信頼性が高く最新の調査分析レポートを確実に提供する経験豊富な調査専門家のグローバルチームが提供する、さまざまな業界のさまざまな市場調査レポートを提供する再販代理店です。

Recommended reports

+