Heat Exchanger Market – 37% of Growth to Originate from APAC|Chemical Segment to be Significant for Revenue Generation

Heat Exchanger Market: Segmentation Analysis The market research report segments the heat exchanger market by End-user (Chemical,…

Heat Exchanger Market: Segmentation Analysis

The market research report segments the heat exchanger market by End-user (Chemical, Fuel processing, HVAC, and Others), Product (Shell and tube, plate and frame, Cooling tower, Air-cooled, and Others), and Geography (Europe, APAC, North America, South America, and the Middle East and Africa).

The heat exchanger market share growth by the chemical segment will be significant during the forecast period. Heat exchangers in chemical industries can be used for a range of applications such as the heating and cooling of the base, intermediate and final products, as well as heat recovery or tempering of containers, reactors, and autoclaves. The chemical industry requires heat exchangers that are corrosion-resistant and will prevent cross-contamination. Thus, it becomes crucial that manufacturers design heat exchangers which maintain an industry code and are Tubular Exchanger Manufacturers Association (TEMA) and American Society of Mechanical Engineers (ASME)-certified. Moreover, the various applications of heat exchangers in chemical industries will boost the market growth during the forecast period.

To gain further insights into the market contribution of various segments – Request a sample report

Heat Exchanger Market: Rising demand from the water and wastewater industry to drive growth

The rising demand from the water and wastewater industry is one of the key driers supporting the heat exchanger market growth. Wide-scale developments in the water treatment industry have led to an increase in the demand for heat exchangers. Water is a critical element for the manufacturing industries such as pharmaceutical, food and beverage, and paper and pulp. The expanding production activities of such industries will have to comply with the stringent environmental regulations and water conservation norms set by governing bodies. New water treatment facilities will be established to meet the rising water demand, especially in developing economies, thereby creating significant demand for heat exchangers and increasing the growth potential of the global heat exchanger market during the forecast period.

Heat Exchanger Market: Technological advances in the design of heat exchangers are a major trend

Technological advances in the design of heat exchangers are the market trends that are contributing to market growthSeveral players in the market have invested in the potential use of geothermal resources and are operating in the field of geothermal energy conversion. Thus, medium to low-temperature geothermal resources has been under consideration for the past few years with reference to the perspectives of the development of Organic Rankine Cycle (ORC) technology. Thus, the major components of a geothermal plant are the heat exchangers. Several types of heat exchangers are required for the operation in an ORC plant. Therefore, several technological advances in the design of heat exchangers are expected to positively influence the growth of the global heat exchanger market during the forecast period.

To know the about the other drivers & trends along with challenges – Request a Sample Research Report

Don’t wait, Make a strategic approach & boost your business goals with our Heat Exchanger Market Forecast Report – Buy Now!

Related Reports:

  • The high-temperature filter market size is predicted to surge by USD 1.95 billion from 2021 to 2026 at a CAGR of 5.64%. Download a sample now!
  • The commercial HVAC market share is estimated to surge by USD 22.09 billion from 2021 to 2026 at an accelerating CAGR of 4.2%. Download a sample now!

Heat Exchanger Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.27%

Market growth 2022-2026

USD 4.02 billion

Market structure

Fragmented

YoY growth (%)

3.73

Performing market contribution

APAC at 37%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alfa Laval Corporate AB, API Heat Transfer Inc., Boyd Corp., Chart Industries Inc., Dai ichi Life Holdings Inc., Danfoss AS, Doosan Corp., Dover Corp., Exchanger Industries Ltd., General Electric Co., Guntner GmbH and Co. KG., Hisaka Works Ltd., Johnson Controls International Plc, Kelvion Holding GmbH, Koch Industries Inc., Mersen Corporate Services SAS, Radiant Heat Exchanger Pvt. Ltd., SPX FLOW Inc., Thermax Ltd., and Xylem Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 25: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 26: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 27: Chart on Comparison by End-user
    • Exhibit 28: Data Table on Comparison by End-user
  • 5.3 Chemical – Market size and forecast 2021-2026
    • Exhibit 29: Chart on Chemical – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Chemical – Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Chemical – Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Chemical – Year-over-year growth 2021-2026 (%)
  • 5.4 Fuel processing – Market size and forecast 2021-2026
    • Exhibit 33: Chart on Fuel processing – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Fuel processing – Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Fuel processing – Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Fuel processing – Year-over-year growth 2021-2026 (%)
  • 5.5 HVAC – Market size and forecast 2021-2026
    • Exhibit 37: Chart on HVAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Data Table on HVAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 39: Chart on HVAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 40: Data Table on HVAC – Year-over-year growth 2021-2026 (%)
  • 5.6 Others – Market size and forecast 2021-2026
    • Exhibit 41: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 44: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 45: Market opportunity by End-user ($ million)

6 Market Segmentation by Product

  • 6.1 Market segments
    • Exhibit 46: Chart on Product – Market share 2021-2026 (%)
    • Exhibit 47: Data Table on Product – Market share 2021-2026 (%)
  • 6.2 Comparison by Product
    • Exhibit 48: Chart on Comparison by Product
    • Exhibit 49: Data Table on Comparison by Product
  • 6.3 Shell and tube – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Shell and tube – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Shell and tube – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Shell and tube – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Shell and tube – Year-over-year growth 2021-2026 (%)
  • 6.4 Plate and frame – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Plate and frame – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Plate and frame – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Plate and frame – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Plate and frame – Year-over-year growth 2021-2026 (%)
  • 6.5 Cooling tower – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Cooling tower – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Cooling tower – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Cooling tower – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Cooling tower – Year-over-year growth 2021-2026 (%)
  • 6.6 Air cooled – Market size and forecast 2021-2026
    • Exhibit 62: Chart on Air cooled – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Air cooled – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Air cooled – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Air cooled – Year-over-year growth 2021-2026 (%)
  • 6.7 Others – Market size and forecast 2021-2026
    • Exhibit 66: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 6.8 Market opportunity by Product
    • Exhibit 70: Market opportunity by Product ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 72: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 73: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 74: Chart on Geographic comparison
    • Exhibit 75: Data Table on Geographic comparison
  • 8.3 Europe – Market size and forecast 2021-2026
    • Exhibit 76: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 8.4 APAC – Market size and forecast 2021-2026
    • Exhibit 80: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 8.5 North America – Market size and forecast 2021-2026
    • Exhibit 84: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 8.6 South America – Market size and forecast 2021-2026
    • Exhibit 88: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 92: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 8.8 US – Market size and forecast 2021-2026
    • Exhibit 96: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 98: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 8.9 China – Market size and forecast 2021-2026
    • Exhibit 100: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 101: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 102: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 8.10 Germany – Market size and forecast 2021-2026
    • Exhibit 104: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 105: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 106: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 107: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 8.11 Russia – Market size and forecast 2021-2026
    • Exhibit 108: Chart on Russia – Market size and forecast 2021-2026 ($ million)
    • Exhibit 109: Data Table on Russia – Market size and forecast 2021-2026 ($ million)
    • Exhibit 110: Chart on Russia – Year-over-year growth 2021-2026 (%)
    • Exhibit 111: Data Table on Russia – Year-over-year growth 2021-2026 (%)
  • 8.12 Japan – Market size and forecast 2021-2026
    • Exhibit 112: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 113: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 114: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 115: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography
    • Exhibit 116: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.3 Impact of drivers and challenges
    • Exhibit 117: Impact of drivers and challenges in 2021 and 2026

10 Vendor Landscape

  • 10.2 Vendor landscape
    • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 119: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 120: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 121: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 122: Matrix on vendor position and classification
  • 11.3 Alfa Laval Corporate AB
    • Exhibit 123: Alfa Laval Corporate AB – Overview
    • Exhibit 124: Alfa Laval Corporate AB – Business segments
    • Exhibit 125: Alfa Laval Corporate AB – Key news
    • Exhibit 126: Alfa Laval Corporate AB – Key offerings
    • Exhibit 127: Alfa Laval Corporate AB – Segment focus
  • 11.4 Chart Industries Inc.
    • Exhibit 128: Chart Industries Inc. – Overview
    • Exhibit 129: Chart Industries Inc. – Business segments
    • Exhibit 130: Chart Industries Inc. – Key news
    • Exhibit 131: Chart Industries Inc. – Key offerings
    • Exhibit 132: Chart Industries Inc. – Segment focus
  • 11.5 Danfoss AS
    • Exhibit 133: Danfoss AS – Overview
    • Exhibit 134: Danfoss AS – Business segments
    • Exhibit 135: Danfoss AS – Key news
    • Exhibit 136: Danfoss AS – Key offerings
    • Exhibit 137: Danfoss AS – Segment focus
  • 11.6 Doosan Corp.
    • Exhibit 138: Doosan Corp. – Overview
    • Exhibit 139: Doosan Corp. – Business segments
    • Exhibit 140: Doosan Corp. – Key news
    • Exhibit 141: Doosan Corp. – Key offerings
    • Exhibit 142: Doosan Corp. – Segment focus
  • 11.7 Guntner GmbH and Co. KG.
    • Exhibit 143: Guntner GmbH and Co. KG. – Overview
    • Exhibit 144: Guntner GmbH and Co. KG. – Product / Service
    • Exhibit 145: Guntner GmbH and Co. KG. – Key offerings
  • 11.8 Johnson Controls International Plc
    • Exhibit 146: Johnson Controls International Plc – Overview
    • Exhibit 147: Johnson Controls International Plc – Business segments
    • Exhibit 148: Johnson Controls International Plc – Key news
    • Exhibit 149: Johnson Controls International Plc – Key offerings
    • Exhibit 150: Johnson Controls International Plc – Segment focus
  • 11.9 Kelvion Holding GmbH
    • Exhibit 151: Kelvion Holding GmbH – Overview
    • Exhibit 152: Kelvion Holding GmbH – Product / Service
    • Exhibit 153: Kelvion Holding GmbH – Key offerings
  • 11.10 SPX FLOW Inc.
    • Exhibit 154: SPX FLOW Inc. – Overview
    • Exhibit 155: SPX FLOW Inc. – Business segments
    • Exhibit 156: SPX FLOW Inc. – Key offerings
    • Exhibit 157: SPX FLOW Inc. – Segment focus
  • 11.11 Thermax Ltd.
    • Exhibit 158: Thermax Ltd. – Overview
    • Exhibit 159: Thermax Ltd. – Business segments
    • Exhibit 160: Thermax Ltd. – Key news
    • Exhibit 161: Thermax Ltd. – Key offerings
    • Exhibit 162: Thermax Ltd. – Segment focus
  • 11.12 Xylem Inc.
    • Exhibit 163: Xylem Inc. – Overview
    • Exhibit 164: Xylem Inc. – Business segments
    • Exhibit 165: Xylem Inc. – Key offerings
    • Exhibit 166: Xylem Inc. – Segment focus

12 Appendix

  • 12.2 Inclusions and exclusions checklist
    • Exhibit 167: Inclusions checklist
    • Exhibit 168: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 169: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 170: Research methodology
    • Exhibit 171: Validation techniques employed for market sizing
    • Exhibit 172: Information sources
  • 12.5 List of abbreviations
    • Exhibit 173: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio