Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Raw Material (Steel, Copper, Aluminum), Application (Chemical, Energy, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2026
Updated on : January 03, 2023
The global heat exchangers market size was valued at USD 15.6 billion in 2021 and is projected to reach USD 19.9 billion by 2026, growing at a cagr 5.0% from 2021 to 2026. Europe accounted for the largest market share in 2020 and accounted for 30.5% of the global market. North America accounted for the second-largest share of 24.9% of the global heat exchangers market in 2020 due to the presence of large chemical, petrochemical, and oil & gas industries in the region. The growth of the heat exchangers market depends on the presence and growth of the specific end-use industries in each of the regions. Various types of heat exchangers, such as shell & tube and plate & frame, are commonly available in the market and are used in various industries, including chemical, petrochemical and oil & gas, food & beverage, HVACR, power generation, and paper & pulp.
Some of the primary drivers for the growth of the heat exchangers market are the significant rise in HVACR deployment and other industrial activities, surging energy prices, and rapid industrial expansion in the developing markets of APAC. However, lack of awareness about buildings’ energy efficiency and sluggish growth in demand from Europe and North America are the major factors hindering the demand for heat exchangers.
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COVID-19 impact on Global Heat Exchangers Market
The COVID-19 pandemic has affected people in more than 190 countries across the globe. Many countries were under strict lockdowns, which forced several sectors to shut down their operations. Due to nationwide lockdowns, infrastructure activities had come to a halt. The global impacts of the coronavirus disease 2019 (COVID-19) affected the heat exchangers market in 2020. The outbreak of COVID-19 has affected many aspects, like flight cancellations, travel bans and quarantines, restaurants closed, all indoor events restricted, emergencies declared in many countries, massive slowing of the supply chain, stock market unpredictability, falling business assurance, growing panic among the population, and uncertainty about the future. Heat exchanger manufacturers are facing sudden challenges caused by the crisis, owing to halted manufacturing due to lockdown restrictions, limited availability of workforces, supply chain disruptions, country-wide lockdowns, and fluctuation in raw materials prices. However, stimulus package by various government globally has helped the countries to support the declining economy, which is also expected to support various end-use industries and lead to economic recovery post the COVID-19 crisis.
Heat Exchanger Market Dynamics
Driver: Growing industrialization in developing economies will drive the market
Rapid industrialization in developing economies of APAC such as China and India, owing to the, increasing investments, raw material prices, and low-cost labor are expected to boost the demand for heat exchangers. Manufacturing, commercial, and industrial projects in the region have also contributed to the overall expansion of the global heat exchangers market. Increased demand from the chemical, HVACR, petrochemical, and oil & gas industries, and government initiatives for the development of thermal and solar energy in countries such as Japan and India are increasing the demand for heat exchangers. Moreover, the increased demand for petrochemical products is expected to have a positive impact on the heat exchangers market.
Restraint: Fluctuation in raw material prices to impact the profitability of heat exchanger manufacturers
Heat exchangers manufacturers are exposed to raw material price fluctuations of copper, aluminum, steel, and other metals. The volatility in raw material prices is dependent on various factors such economic conditions, exchange rates, and supply conditions, which create an adverse effect on manufacturers. Price fluctuations lead to resulting in delay or cancelation of large capital projects, which hamper the growth of heat exchanger s market. However, to manage the risk associated with pricing fluctuation, pricing trends are monitored to slightly overcome the risk related to pricing.
Opportunity: Rising nuclear power plants to drive the heat exchangers market
Heat exchangers has a significant impact on the overall efficiency and power output of a nuclear power plant. The increased use of heat exchangers in nuclear reactors, upgradation of existing nuclear plants, and proposed new nuclear power plant projects are the key opportunities for the players in the heat exchangers market. According to Statista, as of 2020, there are 443 nuclear reactors in operation in 32 countries globally and over 60 reactors under construction, which is equivalent to 29% of the existing capacity globally, creating future opportunities for heat exchangers market.
Steel raw material segment to dominate the heat exchangers market in 2020
Steel segment dominates the heat exchanger market. Stainless steel is ideally used for the construction of heat exchangers due to its high strength & durability, and resistance against corrosion. The most preferred steel grades by manufacturers are mild steel and stainless steel. Other non-metals such as Titanium, are also used in the chemical industry for aggressive media such as nitric acid, hydrochloric acid, phosphoric acid, and chlorine, with application in shipbuilding and marine industry.
Chemical industry dominates the heat exchanger market in 2020
Chemical industry to dominates the heat exchangers market. Heat exchangers have use in various end-use industries such as chemical, energy, HVACR, food & beverage, power generation, paper & pulp, and others. Heat exchangers market is driven by the rapidly expanding chemical industry in China, India, and the US. Moreover, the high growth in this segment is attributed to the growing consumption of petroleum products and increased exports of crude oil and natural gas. The energy industry is projected to be the fastest-growing end user of heat exchangers at a CAGR of 5.6% between 2021 and 2026. Rising natural gas and crude oil extraction activities across North America and the Middle East & Africa are also one of the major drivers of the heat exchangers market.
Europe is expected to account for the largest share of the global market during the forecast period.
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Europe is the largest market for heat exchangers in 2020, owning to established manufacturing, automotive, and industrial sector. Moreover, in 2020, Europe has set up zero-emission regulations for commercial and residential buildings. These energy efficiency regulations on new residential and commercial infrastructure, focus on less carbon-intensive processes, and demand for sustainable energy consumption will also increase the demand for heat exchangers during the forecast period. Furthermore, APAC is expected to witness high growth during the forecast period owing to rising demand for heat exchanger from chemical industry in developing economies of India and China which is expected to boost the demand for heat exchangers in APAC during the forecast period.
Heat Exchangers Market Players
The heat exchangers market comprises major players such as ALFA LAVAL (Sweden), Kelvion Holding GmbH(Germany), Exchanger Industries Limited (Canada), Mersen (France), Danfoss (Denmark), API Heat Transfer (US), Boyd Corporation (US), H. Güntner (UK) Limited (Germany), Johnson Controls (Ireland), XYLEM (US), and others.
Heat Exchangers Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2021 |
USD 15.6 billion |
|
Revenue Forecast in 2026 |
USD 19.9 billion |
|
CAGR |
5.0% |
|
Years considered for the study |
2019–2026 |
|
Base year |
2020 |
|
Forecast period |
2021–2026 |
|
Units considered |
Value (USD Billion, and Million) |
|
Segments |
By Material, Type, End-Use Industries, and Region |
|
Regions |
North America, APAC, Europe, South America, and the Middle East & Africa |
|
Companies |
ALFA LAVAL (Sweden), Kelvion Holding GmbH(Germany), Exchanger Industries Limited (Canada), Mersen (France), and Danfoss (Denmark). Total 25 major players covered |
This research report categorizes the heat exchangers market based on material, type, end-use industry, and region.
On the basis of material:
- Steel
- Non-Steel
On the basis of type:
- Shell & Tube
- Plate & Frame
- Air-Cooled
- Others
On the basis of end-use industries:
- Chemical
- Energy
- HVACR
- Food & Beverages
- Power Generation
- Pulp & Paper
- Others
On the basis of region:
- APAC
- Europe
- North America
- South America
- The Middle East & Africa
Recent Developments
- In 2021, ALFA LAVAL established a new facility in San Bonifacio, Italy, to produce brazed heat exchangers (BHE). The new facility will have additional capacity to meet the growing customer demand for heat exchangers. Moreover, the facility has an advanced research lab for refrigerant research and training centers. The company aims at increasing the production capacity and working in close collaborations with its customers.
- In 2021, Kelvion invested USD 3.7 million for the second production facility in Tennessee, US. The company aims to expand in the US to meet the growing demand for heat exchangers in the data center and refrigeration industries in North America. Kelvion focuses on expanding its production capacities and reducing costs to improve its customer experience and product technology.
- In 2021, BOYD Corporation inaugurated a new production facility in Juarez, Mexico, to expand its business operations in North America. The company will manufacture thermal systems and diversified engineered material in an automated facility powered by renewable energy. The 40, 000 sq. meter facility will be quality management system certified. The expansion strategy will provide additional capacity to manufacture highly complex liquid cooling systems, liquid cold plates, and advanced rotary die-cutting capabilities to cater North American market.
Frequently Asked Questions (FAQ):
How big is the Heat Exchangers Market?
Heat Exchangers Market worth $19.9 billion by 2026.
What is the growth rate of Heat Exchangers Market?
Heat Exchangers Market grows at a CAGR of 5.0% during the forecast period.
What are the upcoming hot bets for the heat exchangers market?
Technological advancement such as computational fluid dynamics, rising industrialization, urbanization, are hot belts for the heat exchangers market.
How are the market dynamics changing for different metal types of heat exchangers?
Rising demand for steel segment due to its high strength & durability, and resistance against corrosion. Other non-steel metal such are nickel, titanium, and other are also used for demanding industrial applications such as marine industry.
How are the market dynamics changing for different end-use applications of heat exchangers?
Chemical industry is projected to grow due to rapid industrialization in developing economies such as India and China.
Who are the major manufacturers of heat exchangers?
ALFA LAVAL (Sweden), Kelvion Holding GmbH(Germany), Exchanger Industries Limited (Canada), Mersen (France), Danfoss (Denmark), API Heat Transfer (US), Boyd Corporation (US), H. Güntner (UK) Limited (Germany), Johnson Controls (Ireland), and XYLEM (US) are key companies in the heat exchangers market.
How are the market dynamics changing for different regions of heat exchangers market?
Heat exchanger market penetration is high in Europe and North America. APAC is projected to grow in the heat exchangers market owing to industrialization, and government initiatives in the energy and power segment. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
FIGURE 1 HEAT EXCHANGERS MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 32)
2.1 RESEARCH DATA
FIGURE 2 HEAT EXCHANGERS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 PRIMARIES
2.2.1 HEAT EXCHANGERS
2.2.1.1 Key industry insights
2.3 MARKET SIZE ESTIMATION
FIGURE 3 HEAT EXCHANGERS MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
2.3.1.1 Approach for arriving at market size using top-down analysis
FIGURE 4 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
2.3.2.1 Approach for arriving at market size using bottom-up analysis
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (DEMAND SIDE)
FIGURE 7 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY SIDE)
2.4 DATA TRIANGULATION
FIGURE 8 HEAT EXCHANGERS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 43)
FIGURE 9 SHELL & TUBE TYPE TO ACCOUNT FOR THE LARGEST SHARE OF THE OVERALL HEAT EXCHANGERS MARKET
FIGURE 10 ENERGY TO BE THE FASTEST-GROWING END-USE INDUSTRY OF HEAT EXCHANGERS DURING THE FORECAST PERIOD
FIGURE 11 APAC TO BE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 EMERGING ECONOMIES TO WITNESS A RELATIVELY HIGHER DEMAND FOR HEAT EXCHANGERS
FIGURE 12 EMERGING ECONOMIES TO OFFER ATTRACTIVE OPPORTUNITIES IN THE HEAT EXCHANGERS MARKET DURING THE FORECAST PERIOD
4.2 APAC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY AND COUNTRY
FIGURE 13 CHINA WAS THE LARGEST MARKET FOR HEAT EXCHANGERS IN APAC IN 2020
4.3 HEAT EXCHANGERS MARKET, BY TYPE
FIGURE 14 SHELL & TUBE TYPE SEGMENT TO LEAD THE HEAT EXCHANGERS MARKET DURING THE FORECAST PERIOD
4.4 HEAT EXCHANGERS MARKET, BY RAW MATERIAL
FIGURE 15 TITANIUM RAW MATERIAL SEGMENT TO WITNESS THE HIGHEST DEMAND IN THE HEAT EXCHANGERS MARKET
4.5 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY
FIGURE 16 CHEMICALS IS PROJECTED TO BE THE LARGEST END-USE INDUSTRY FOR THE GLOBAL HEAT EXCHANGERS MARKET BY 2026
4.6 HEAT EXCHANGERS MARKET, BY COUNTRY
FIGURE 17 HEAT EXCHANGERS MARKET IN INDIA TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE HEAT EXCHANGERS MARKET
5.1.1 DRIVERS
5.1.1.1 Growing industrialization in developing economies will drive the market
5.1.1.2 Rising energy efficiency regulations and stringent emission standards
5.1.1.3 Rising demand for HVACR equipment for the commercial construction industry to drive the market
5.1.1.4 Growing demand for sustainable, low energy consumption, and cost-effective heat exchangers to fuel the market growth
5.1.2 RESTRAINTS
5.1.2.1 Fluctuation in raw material prices to impact the profitability of heat exchanger manufacturers
5.1.2.2 Lack of awareness about buildings’ energy efficiency
5.1.2.3 Sluggish growth of heat exchangers market in developed economies
5.1.3 OPPORTUNITIES
5.1.3.1 Rising nuclear power plants to drive the heat exchangers market
5.1.3.2 Growing aftermarket to drive the heat exchangers market
5.1.4 CHALLENGES
5.1.4.1 Regulations pertaining to fluorinated greenhouse gases
5.1.4.2 Capital-intensive market
5.2 PORTER’S FIVE FORCES ANALYSIS
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS OF THE HEAT EXCHANGERS MARKET
5.2.1 THREAT OF SUBSTITUTES
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
5.3 VALUE CHAIN ANALYSIS
FIGURE 20 VALUE CHAIN ANALYSIS
5.4 MACROECONOMIC INDICATORS
5.4.1 GDP TRENDS AND FORECASTS
TABLE 1 PROJECTED GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2018–2021
5.4.2 OPERATIONAL DATA
5.4.3 THE CHEMICAL INDUSTRY
FIGURE 21 CHEMICAL SALES, BY COUNTRY (2018 VS. 2019)
5.4.4 POWER GENERATION STATISTICS
TABLE 2 POWER GENERATED IN KEY COUNTRIES, 2019 VS. 2020 (TWH)
5.5 TARIFF POLICIES & REGULATIONS
5.5.1 NORTH AMERICA
5.5.2 EUROPE
5.5.3 APAC
5.5.4 THE KIGALI AMENDMENT TO THE MONTREAL PROTOCOL
5.6 CASE STUDY ANALYSIS
5.6.1 INSTALLATION OF HEAT EXCHANGER FOR SKIMMED MILK CONCENTRATE AND CREAM FOR A LEADING AUSTRALIAN COMPANY BY EXCHANGER INDUSTRIES LIMITED
5.6.2 REDUCING THE CHILLING TIME TO INCREASE THE PRODUCTION OF COLORADO-BASED SOUP AND SAUCE MANUFACTURER
5.7 TECHNOLOGY ANALYSIS
5.7.1 COMPUTATIONAL FLUID DYNAMICS TO ANALYZE THE HEAT TRANSFER PROCESS
5.7.2 EQPIPE TECHNOLOGY FOR ENVIRONMENTALLY FRIENDLY REFRIGERANTS
5.8 ECOSYSTEM
FIGURE 22 THE HEAT EXCHANGERS ECOSYSTEM
5.8.1 HEAT EXCHANGERS MARKET: ECOSYSTEM
5.9 IMPACT OF COVID-19 ON THE HEAT EXCHANGERS MARKET
5.9.1 COVID-19
5.9.2 CONFIRMED CASES AND DEATHS, BY GEOGRAPHY
FIGURE 23 PACE OF GLOBAL PROPAGATION OF COVID-19 IS UNPRECEDENTED
5.9.3 COVID–19 IMPACT ON HVACR & HEAT EXCHANGERS MARKET
5.10 HEAT EXCHANGERS PATENT ANALYSIS
5.10.1 INTRODUCTION
5.10.2 METHODOLOGY
5.10.2.1 Document Type
FIGURE 24 GRANTED PATENT VS. PATENT APPLICATION
FIGURE 25 PUBLICATION TRENDS - LAST 10 YEARS
5.10.2.2 Insight
5.10.3 LEGAL STATUS OF THE PATENTS
FIGURE 26 JURISDICTION ANALYSIS
5.10.4 TOP COMPANIES/APPLICANTS
FIGURE 27 TOP 10 COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS
5.10.4.1 List of Patents by Mitsubishi Electric Corporation
5.10.4.2 List of Patents by Valeo Systemes Thermiques
5.10.4.3 List of Patents by Denso Corp.
5.10.5 TOP 10 PATENT OWNERS (US) IN THE LAST 10 Y EARS
6 HEAT EXCHANGERS MARKET, BY RAW MATERIAL (Page No. - 81)
6.1 INTRODUCTION
FIGURE 28 STEEL TO DOMINATE THE HEAT EXCHANGERS MARKET TILL 2026
TABLE 3 HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2017–2020 (USD MILLION)
TABLE 4 HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2021–2026 (USD MILLION)
6.1.1 STEEL
6.1.2 CARBON STEEL
6.1.3 STAINLESS STEEL
FIGURE 29 STEEL PRICE ANALYSIS
6.1.4 NON-STEEL
6.1.5 COPPER
6.1.6 ALUMINUM
6.1.7 TITANIUM
6.1.8 NICKEL
6.1.9 PLASTIC
7 HEAT EXCHANGERS MARKET, BY TYPE (Page No. - 86)
7.1 INTRODUCTION
FIGURE 30 SHELL & TUBE HEAT EXCHANGERS ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2021
TABLE 5 HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 6 HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
7.2 SHELL & TUBE HEAT EXCHANGERS
7.2.1 TUBULAR HEAT EXCHANGERS ARE MORE EFFICIENT THAN STANDARD SHELL & TUBE HEAT EXCHANGERS
7.2.2 FIXED TUBE HEAT EXCHANGERS
7.2.3 U-TUBE HEAT EXCHANGERS
7.2.4 FLOATING HEAD HEAT EXCHANGERS
7.3 PLATE & FRAME HEAT EXCHANGERS
7.3.1 GASKETED PLATE & FRAME HEAT EXCHANGERS
7.3.1.1 Gasketed plate & frame heat exchangers have highest share in plate & frame heat exchangers segment
7.3.2 WELDED PLATE & FRAME HEAT EXCHANGERS
7.3.2.1 Welded plate & frame heat exchangers mostly used due to their compact size, modularity, and flexibility
7.3.3 BRAZED HEAT EXCHANGERS
7.3.3.1 Brazed heat exchangers have high demand in HVACR and power industry
7.4 AIR COOLED HEAT EXCHANGERS
7.4.1 AIR COOLED HEAT EXCHANGERS PRIMARILY USED IN CHEMICAL AND ENERGY INDUSTRIES
7.4.1.1 Forced draft heat exchangers
7.4.1.2 Induced draft heat exchangers
7.5 OTHERS
7.5.1 EXTENDED SURFACE HEAT EXCHANGERS
7.5.2 REGENERATIVE HEAT EXCHANGERS
8 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY (Page No. - 94)
8.1 INTRODUCTION
FIGURE 31 CHEMICAL INDUSTRY TO DOMINATE THE HEAT EXCHANGERS MARKET TILL 2026
TABLE 7 HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 8 HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
8.2 CHEMICAL
8.2.1 CHEMICAL INDUSTRY TO DOMINATE HEAT EXCHANGERS MARKET
8.2.2 BASE CHEMICALS
8.2.3 INTERMEDIATE CHEMICALS
8.2.4 SPECIALTY CHEMICALS
8.3 ENERGY
8.3.1 ENERGY SECTOR IS FASTEST-GROWING END-USER OF HEAT EXCHANGERS
8.3.2 PETROCHEMICALS
8.3.3 OIL & GAS
8.4 HVAC AND REFRIGERATION
8.4.1 DISTRICT HEATING AND COOLING
8.4.2 AIR-CONDITIONING
8.4.3 COMMERCIAL REFRIGERATION
8.4.4 INDUSTRIAL REFRIGERATION
8.5 FOOD & BEVERAGE
8.5.1 RISING DEMAND FOR PROCESSED FOOD IN FOOD & BEVERAGE INDUSTRY
8.5.2 PROCESSED FOOD
8.5.3 DAIRY
8.5.4 SUGAR AND ETHANOL PRODUCTION
8.5.5 OTHERS
8.6 POWER GENERATION
8.6.1 EFFORTS TO INCREASE ENERGY OUTPUT OF POWER PLANTS TO DRIVE THE USAGE OF HEAT EXCHANGERS IN POWER INDUSTRY
8.6.2 RENEWABLE
8.6.3 NON-RENEWABLE
8.7 PULP & PAPER
8.7.1 HEAT EXCHANGERS USED IN PULP & PAPER INDUSTRY FOR WASTEWATER TREATMENT AND HEAT RECOVERY
8.8 OTHERS
8.8.1 METALLURGICAL
8.8.2 WASTEWATER TREATMENT
8.8.3 MINING
9 HEAT EXCHANGERS MARKET, BY REGION (Page No. - 103)
9.1 INTRODUCTION
FIGURE 32 HEAT EXCHANGERS MARKET IN INDIA TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
TABLE 9 HEAT EXCHANGERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 10 HEAT EXCHANGERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.2 APAC
FIGURE 33 APAC: HEAT EXCHANGERS MARKET SNAPSHOT
TABLE 11 APAC: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 12 APAC: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 13 APAC: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2017–2020 (USD MILLION)
TABLE 14 APAC: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2021–2026 (USD MILLION)
TABLE 15 APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 16 APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 17 APAC: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 18 APAC: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.2.1 CHINA
9.2.1.1 Rapid industrialization and flourishing end-use industries to boost demand for heat exchangers
TABLE 19 CHINA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 20 CHINA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 21 CHINA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 22 CHINA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.2.2 JAPAN
9.2.2.1 Nuclear power, construction, and food & beverage industries to drive heat exchangers market in Japan
TABLE 23 JAPAN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 24 JAPAN: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 25 JAPAN: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2026 (USD MILLION)
TABLE 26 JAPAN: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.2.3 INDIA
9.2.3.1 Rapid industrialization in energy and power generation end-use industries to boost demand for heat exchangers
TABLE 27 INDIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 28 INDIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 29 INDIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 30 INDIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.2.4 SOUTH KOREA
9.2.4.1 Rising commercial construction and demand for HVACR equipment to boost heat exchangers market
TABLE 31 SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 32 SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 33 SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 34 SOUTH KOREA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.2.5 REST OF APAC
TABLE 35 REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 36 REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 37 REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 38 REST OF APAC: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.3 NORTH AMERICA
TABLE 39 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 40 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 41 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2017–2020 (USD MILLION)
TABLE 42 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2021–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 44 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 45 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 46 NORTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.3.1 US
9.3.1.1 Automotive industry to drive the demand for microchannel type of heat exchangers
TABLE 47 US: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 48 US: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 49 US: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 50 US: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.3.2 CANADA
9.3.2.1 Growing food & beverages and oil & gas industries to boost demand for heat exchangers
TABLE 51 CANADA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 52 CANADA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 53 CANADA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 54 CANADA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.3.3 MEXICO
9.3.3.1 Heat exchangers demand in Mexico to be mainly driven by industrial processing and HVACR industry
TABLE 55 MEXICO: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 56 MEXICO: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 57 MEXICO: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 58 MEXICO: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4 EUROPE
FIGURE 34 EUROPE: HEAT EXCHANGERS MARKET SNAPSHOT
TABLE 59 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 60 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 61 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2017–2020 (USD MILLION)
TABLE 62 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2021–2026 (USD MILLION)
TABLE 63 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 64 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 65 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 66 EUROPE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.1 GERMANY
9.4.1.1 Rising demand for heat exchangers across various end-use industries
TABLE 67 GERMANY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 68 GERMANY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 69 GERMANY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 70 GERMANY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.2 FRANCE
9.4.2.1 Favorable growth in chemicals and food & beverages industry to boost heat exchangers market
TABLE 71 FRANCE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 72 FRANCE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 73 FRANCE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 74 FRANCE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.3 UK
9.4.3.1 Growing demand from commercial construction and automotive industry to boost market in UK
TABLE 75 UK: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 76 UK: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 77 UK: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 78 UK: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.4 ITALY
9.4.4.1 Rising demand from automotive and manufacturing industries to favor market growth for heat exchangers
TABLE 79 ITALY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 80 ITALY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 81 ITALY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 82 ITALY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.5 RUSSIA
9.4.5.1 Growing end-use industries to boost demand for heat exchangers
TABLE 83 RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 84 RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 85 RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 86 RUSSIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.6 TURKEY
9.4.6.1 Urbanization and industrialization trends to drive market in country
TABLE 87 TURKEY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 88 TURKEY: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 89 TURKEY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 90 TURKEY: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.4.7 REST OF EUROPE
TABLE 91 REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 92 REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 93 REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 94 REST OF EUROPE: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.5 MIDDLE EAST & AFRICA
TABLE 95 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 96 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 97 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2017–2020 (USD MILLION)
TABLE 98 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2021–2026 (USD MILLION)
TABLE 99 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 100 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 101 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 102 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.5.1 SAUDI ARABIA
9.5.1.1 Rising commercial construction and HVAC industry to contribute to a significant rise in demand for heat exchangers
TABLE 103 SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 104 SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 105 SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 106 SAUDI ARABIA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.5.2 QATAR
9.5.2.1 Oil & gas industry to contribute to a significant rise in demand for heat exchangers
TABLE 107 QATAR: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 108 QATAR: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 109 QATAR: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 110 QATAR: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 111 REST OF MIDDLE EAST & ARICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 112 REST OF MIDDLE EAST & ARICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 113 REST OF MIDDLE EAST & ARICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 114 REST OF MIDDLE EAST & ARICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.6 SOUTH AMERICA
TABLE 115 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 116 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 117 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY RAW MATERIAL, 2017–2020 (USD MILLION)
TABLE 118 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY MATERIAL, 2021–2026 (USD MILLION)
TABLE 119 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 120 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 121 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 122 SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.6.1 BRAZIL
9.6.1.1 Flourishing end-use industries to drive the heat exchangers market
TABLE 123 BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 124 BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 125 BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 126 BRAZIL: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
9.6.2 REST OF SOUTH AMERICA
TABLE 127 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 128 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 129 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
TABLE 130 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 160)
10.1 OVERVIEW
FIGURE 35 COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY BETWEEN 2017 AND 2021
10.2 MARKET EVALUATION FRAMEWORK
TABLE 131 NUMBER OF RECENT DEVELOPMENTS OVER THE PAST FIVE YEARS
10.3 MARKET SHARE ANALYSIS
FIGURE 36 HEAT EXCHANGERS MARKET SHARE, BY COMPANY (2020)
TABLE 132 HEAT EXCHANGERS MARKET: DEGREE OF COMPETITION
10.4 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
FIGURE 37 RANKING OF TOP FIVE PLAYERS IN THE HEAT EXCHANGERS MARKET, 2020
10.5 COMPANY EVALUATION MATRIX, 2021 (TIER 1)
10.5.1 STAR
10.5.2 EMERGING LEADER
10.5.3 PERVASIVE
10.5.4 PARTICIPANT
FIGURE 38 HEAT EXCHANGERS MARKET: (GLOBAL) COMPANY EVALUATION MATRIX, 2021
FIGURE 39 COMPANY PRODUCT FOOTPRINT (TIER 1)
FIGURE 40 BUSINESS STRATEGY EXCELLENCE (TIER 1)
10.6 OTHER KEY PLAYERS: EVALUATION MATRIX
10.6.1 PROGRESSIVE COMPANY
10.6.2 RESPONSIVE COMPANY
10.6.3 STARTING BLOCK
FIGURE 41 HEAT EXCHANGERS MARKET: OTHER KEY PLAYERS, 2020
FIGURE 42 STRENGTH OF PRODUCT PORTFOLIO (OTHER KEY PLAYERS)
FIGURE 43 BUSINESS STRATEGY EXCELLENCE (OTHER KEY PLAYERS)
10.7 COMPANY FOOTPRINT
TABLE 133 OVERALL COMPANY FOOTPRINTS
TABLE 134 COMPANY TYPE FOOTPRINT
TABLE 135 COMPANY APPLICATION FOOTPRINT
TABLE 136 COMPANY REGION FOOTPRINT
10.8 COMPETITIVE SCENARIO
10.8.1 HEAT EXCHANGERS MARKET: NEW PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 137 HEAT EXCHANGERS MARKET: NEW PRODUCT LAUNCHES AND DEVELOPMENTS
10.8.2 HEAT EXCHANGERS MARKET: DEALS
TABLE 138 HEAT EXCHANGERS MARKET: DEALS
10.8.3 OTHER DEVELOPMENTS
TABLE 139 HEAT EXCHANGERS MARKET: OTHER DEVELOPMENTS
11 COMPANY PROFILES (Page No. - 179)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
11.1 MAJOR PLAYERS
11.1.1 ALFA LAVAL
TABLE 140 ALFA LAVAL: BUSINESS OVERVIEW
FIGURE 44 ALFA LAVAL: COMPANY SNAPSHOT
11.1.2 KELVION HOLDING GMBH
TABLE 141 KELVION HOLDING GMBH: BUSINESS OVERVIEW
11.1.3 EXCHANGER INDUSTRIES LIMITED
TABLE 142 EXCHANGER INDUSTRIES LIMITED: BUSINESS OVERVIEW
11.1.4 MERSEN
TABLE 143 MERSEN: BUSINESS OVERVIEW
FIGURE 45 MERSEN: COMPANY SNAPSHOT
11.1.5 DANFOSS
TABLE 144 DANFOSS: BUSINESS OVERVIEW
FIGURE 46 DANFOSS: COMPANY SNAPSHOT
11.1.6 API HEAT TRANSFER
TABLE 145 API HEAT TRANSFER: BUSINESS OVERVIEW
11.1.7 BOYD CORPORATION
TABLE 146 BOYD CORPORATION: BUSINESS OVERVIEW
11.1.8 H. GÜNTNER (UK) LIMITED
TABLE 147 H. GÜNTNER (UK) LIMITED: BUSINESS OVERVIEW
11.1.9 JOHNSON CONTROLS
TABLE 148 JOHNSON CONTROLS: BUSINESS OVERVIEW
FIGURE 47 JOHNSON CONTROLS: COMPANY SNAPSHOT
11.1.10 XYLEM
TABLE 149 XYLEM: BUSINESS OVERVIEW
FIGURE 48 XYLEM: COMPANY SNAPSHOT
11.1.11 WABTEC CORPORATION
TABLE 150 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 49 WABTEC CORPORATION: COMPANY SNAPSHOT
11.1.12 SPX FLOW
TABLE 151 SPX FLOW: BUSINESS OVERVIEW
FIGURE 50 SPX FLOW: COMPANY SNAPSHOT
11.1.13 LU-VE S.P.A.
TABLE 152 LU-VE S.P.A.: BUSINESS OVERVIEW
FIGURE 51 LU-VE S.P.A.: COMPANY SNAPSHOT
11.1.14 LENNOX INTERNATIONAL INC.
TABLE 153 LENNOX INTERNATIONAL INC.: BUSINESS OVERVIEW
FIGURE 52 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
11.2 OTHER MARKET PLAYERS
11.2.1 AIR PRODUCTS INC.
11.2.2 BARRIQUAND TECHNOLOGIES THERMIQUES
11.2.3 BRASK, INC.
11.2.4 CHART INDUSTRIES
11.2.5 DOOSAN CORPORATION
11.2.6 FUNKE HEAT EXCHANGER APPARATEBAU GMBH
11.2.7 HISAKA WORKS, LTD
11.2.8 HINDUSTAN DORR-OLIVER LTD
11.2.9 KOCH HEAT TRANSFER COMPANY
11.2.10 RADIANT HEAT EXCHANGER PVT. LTD. PUNE INDIA
11.2.11 SWEP INTERNATIONAL AB
11.2.12 SMARTHEAT
11.2.13 SIERRA S.P.A.
11.2.14 THERMAX LIMITED
11.2.15 VAHTERUS OY
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 237)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved four major activities to estimate the current market size of heat exchangers. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Factiva, Zauba, Hoovers, and Bloomberg BusinessWeek were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulations form agencies such as the American Society of Testing Materials (ASTM), Tubular Exchanger Manufacturers Association (TEMA), US Environmental Protection Agency (EPA), and other regulatory bodies, and databases.
Primary Research
The heat exchanger market comprises several stakeholders, such as raw material suppliers, distributors, end-use manufacturers, and regulatory organizations in the supply chain. The demand side of this market included, lab technicians, technologists, and sales/purchase managers from the heat exchangers industry. The supply side is characterized by advancements in technology and diverse application segments. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the heat exchanger market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives:
- To analyze and forecast the heat exchangers market size, terms of value
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To define, describe, and forecast the market by raw material, type, and end-use industry.
- To forecast the size of the market with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa (MEA), along with their countries
- To strategically analyze micro markets with respect to individual growth trends, future prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
- To analyze competitive developments such as new product launch, merger & acquisition, and investment & expansion in the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the Rest of APAC for heat exchangers market
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Heat Exchangers Market