Global Heat Exchanger Market Insights, Forecast to 2025
Table of Contents
1 Study Coverage
- 1.1 Heat Exchanger Product
- 1.2 Key Market Segments in This Study
- 1.3 Key Manufacturers Covered
- 1.4 Market by Type
- 1.4.1 Global Heat Exchanger Market Size Growth Rate by Type
- 1.4.2 Shell & Tube Heat Exchanger
- 1.4.3 Plate Heat Exchanger
- 1.4.4 Air Cooled Heat Exchanger
- 1.4.5 Other Types
- 1.5 Market by Application
- 1.5.1 Global Heat Exchanger Market Size Growth Rate by Application
- 1.5.2 Petrochemical
- 1.5.3 Electric Power & Metallurgy
- 1.5.4 Shipbuilding Industry
- 1.5.5 Mechanical Industry
- 1.5.6 Central Heating
- 1.5.7 Food Industry
- 1.5.8 Other Applications
- 1.6 Study Objectives
- 1.7 Years Considered
2 Executive Summary
- 2.1 Global Heat Exchanger Market Size
- 2.1.1 Global Heat Exchanger Revenue 2014-2025
- 2.1.2 Global Heat Exchanger Production 2014-2025
- 2.2 Heat Exchanger Growth Rate (CAGR) 2019-2025
- 2.3 Analysis of Competitive Landscape
- 2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
- 2.3.2 Key Heat Exchanger Manufacturers
- 2.3.2.1 Heat Exchanger Manufacturing Base Distribution, Headquarters
- 2.3.2.2 Manufacturers Heat Exchanger Product Offered
- 2.3.2.3 Date of Manufacturers Enter into Heat Exchanger Market
- 2.4 Key Trends for Heat Exchanger Markets & Products
3 Market Size by Manufacturers
- 3.1 Heat Exchanger Production by Manufacturers
- 3.1.1 Heat Exchanger Production by Manufacturers
- 3.1.2 Heat Exchanger Production Market Share by Manufacturers
- 3.2 Heat Exchanger Revenue by Manufacturers
- 3.2.1 Heat Exchanger Revenue by Manufacturers (2014-2019)
- 3.2.2 Heat Exchanger Revenue Share by Manufacturers (2014-2019)
- 3.3 Heat Exchanger Price by Manufacturers
- 3.4 Mergers & Acquisitions, Expansion Plans
4 Heat Exchanger Production by Regions
- 4.1 Global Heat Exchanger Production by Regions
- 4.1.1 Global Heat Exchanger Production Market Share by Regions
- 4.1.2 Global Heat Exchanger Revenue Market Share by Regions
- 4.2 United States
- 4.2.1 United States Heat Exchanger Production
- 4.2.2 United States Heat Exchanger Revenue
- 4.2.3 Key Players in United States
- 4.2.4 United States Heat Exchanger Import & Export
- 4.3 Europe
- 4.3.1 Europe Heat Exchanger Production
- 4.3.2 Europe Heat Exchanger Revenue
- 4.3.3 Key Players in Europe
- 4.3.4 Europe Heat Exchanger Import & Export
- 4.4 China
- 4.4.1 China Heat Exchanger Production
- 4.4.2 China Heat Exchanger Revenue
- 4.4.3 Key Players in China
- 4.4.4 China Heat Exchanger Import & Export
- 4.5 Japan
- 4.5.1 Japan Heat Exchanger Production
- 4.5.2 Japan Heat Exchanger Revenue
- 4.5.3 Key Players in Japan
- 4.5.4 Japan Heat Exchanger Import & Export
- 4.6 Other Regions
- 4.6.1 South Korea
- 4.6.2 India
- 4.6.3 Southeast Asia
5 Heat Exchanger Consumption by Regions
- 5.1 Global Heat Exchanger Consumption by Regions
- 5.1.1 Global Heat Exchanger Consumption by Regions
- 5.1.2 Global Heat Exchanger Consumption Market Share by Regions
- 5.2 North America
- 5.2.1 North America Heat Exchanger Consumption by Application
- 5.2.2 North America Heat Exchanger Consumption by Countries
- 5.2.3 United States
- 5.2.4 Canada
- 5.2.5 Mexico
- 5.3 Europe
- 5.3.1 Europe Heat Exchanger Consumption by Application
- 5.3.2 Europe Heat Exchanger Consumption by Countries
- 5.3.3 Germany
- 5.3.4 France
- 5.3.5 UK
- 5.3.6 Italy
- 5.3.7 Russia
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Heat Exchanger Consumption by Application
- 5.4.2 Asia Pacific Heat Exchanger Consumption by Countries
- 5.4.3 China
- 5.4.4 Japan
- 5.4.5 South Korea
- 5.4.6 India
- 5.4.7 Australia
- 5.4.8 Indonesia
- 5.4.9 Thailand
- 5.4.10 Malaysia
- 5.4.11 Philippines
- 5.4.12 Vietnam
- 5.5 Central & South America
- 5.5.1 Central & South America Heat Exchanger Consumption by Application
- 5.5.2 Central & South America Heat Exchanger Consumption by Country
- 5.5.3 Brazil
- 5.6 Middle East and Africa
- 5.6.1 Middle East and Africa Heat Exchanger Consumption by Application
- 5.6.2 Middle East and Africa Heat Exchanger Consumption by Countries
- 5.6.3 GCC Countries
- 5.6.4 Egypt
- 5.6.5 South Africa
6 Market Size by Type
- 6.1 Global Heat Exchanger Production by Type
- 6.2 Global Heat Exchanger Revenue by Type
- 6.3 Heat Exchanger Price by Type
7 Market Size by Application
- 7.1 Overview
- 7.2 Global Heat Exchanger Breakdown Dada by Application
- 7.2.1 Global Heat Exchanger Consumption by Application
- 7.2.2 Global Heat Exchanger Consumption Market Share by Application (2014-2019)
8 Manufacturers Profiles
- 8.1 Alfa Laval
- 8.1.1 Alfa Laval Company Details
- 8.1.2 Company Overview
- 8.1.3 Alfa Laval Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.1.4 Alfa Laval Heat Exchanger Product Description
- 8.1.5 Alfa Laval Recent Development
- 8.2 Kelvion (GEA)
- 8.2.1 Kelvion (GEA) Company Details
- 8.2.2 Company Overview
- 8.2.3 Kelvion (GEA) Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.2.4 Kelvion (GEA) Heat Exchanger Product Description
- 8.2.5 Kelvion (GEA) Recent Development
- 8.3 SPX Corporation
- 8.3.1 SPX Corporation Company Details
- 8.3.2 Company Overview
- 8.3.3 SPX Corporation Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.3.4 SPX Corporation Heat Exchanger Product Description
- 8.3.5 SPX Corporation Recent Development
- 8.4 IHI
- 8.4.1 IHI Company Details
- 8.4.2 Company Overview
- 8.4.3 IHI Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.4.4 IHI Heat Exchanger Product Description
- 8.4.5 IHI Recent Development
- 8.5 Danfoss (Sondex)
- 8.5.1 Danfoss (Sondex) Company Details
- 8.5.2 Company Overview
- 8.5.3 Danfoss (Sondex) Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.5.4 Danfoss (Sondex) Heat Exchanger Product Description
- 8.5.5 Danfoss (Sondex) Recent Development
- 8.6 SPX-Flow
- 8.6.1 SPX-Flow Company Details
- 8.6.2 Company Overview
- 8.6.3 SPX-Flow Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.6.4 SPX-Flow Heat Exchanger Product Description
- 8.6.5 SPX-Flow Recent Development
- 8.7 DOOSAN
- 8.7.1 DOOSAN Company Details
- 8.7.2 Company Overview
- 8.7.3 DOOSAN Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.7.4 DOOSAN Heat Exchanger Product Description
- 8.7.5 DOOSAN Recent Development
- 8.8 API
- 8.8.1 API Company Details
- 8.8.2 Company Overview
- 8.8.3 API Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.8.4 API Heat Exchanger Product Description
- 8.8.5 API Recent Development
- 8.9 KNM
- 8.9.1 KNM Company Details
- 8.9.2 Company Overview
- 8.9.3 KNM Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.9.4 KNM Heat Exchanger Product Description
- 8.9.5 KNM Recent Development
- 8.10 Funke
- 8.10.1 Funke Company Details
- 8.10.2 Company Overview
- 8.10.3 Funke Heat Exchanger Production Revenue and Gross Margin (2014-2019)
- 8.10.4 Funke Heat Exchanger Product Description
- 8.10.5 Funke Recent Development
- 8.11 Xylem
- 8.12 Thermowave
- 8.13 Hisaka
- 8.14 SWEP
- 8.15 LARSEN & TOUBRO
- 8.16 Accessen
- 8.17 THT
- 8.18 Hitachi Zosen
- 8.19 LANPEC
- 8.20 Siping ViEX
- 8.21 Beichen
- 8.22 Lanzhou LS
- 8.23 Defon
- 8.24 Ormandy
- 8.25 FL-HTEP
9 Production Forecasts
- 9.1 Heat Exchanger Production and Revenue Forecast
- 9.1.1 Global Heat Exchanger Production Forecast 2019-2025
- 9.1.2 Global Heat Exchanger Revenue Forecast 2019-2025
- 9.2 Heat Exchanger Production and Revenue Forecast by Regions
- 9.2.1 Global Heat Exchanger Revenue Forecast by Regions
- 9.2.2 Global Heat Exchanger Production Forecast by Regions
- 9.3 Heat Exchanger Key Producers Forecast
- 9.3.1 United States
- 9.3.2 Europe
- 9.3.3 China
- 9.3.4 Japan
- 9.4 Forecast by Type
- 9.4.1 Global Heat Exchanger Production Forecast by Type
- 9.4.2 Global Heat Exchanger Revenue Forecast by Type
10 Consumption Forecast
- 10.1 Heat Exchanger Consumption Forecast by Application
- 10.2 Heat Exchanger Consumption Forecast by Regions
- 10.3 North America Market Consumption Forecast
- 10.3.1 North America Heat Exchanger Consumption Forecast by Regions 2019-2025
- 10.3.2 United States
- 10.3.3 Canada
- 10.3.4 Mexico
- 10.4 Europe Market Consumption Forecast
- 10.4.1 Europe Heat Exchanger Consumption Forecast by Regions 2019-2025
- 10.4.2 Germany
- 10.4.3 France
- 10.4.4 UK
- 10.4.5 Italy
- 10.4.6 Russia
- 10.5 Asia Pacific Market Consumption Forecast
- 10.5.1 Asia Pacific Heat Exchanger Consumption Forecast by Regions 2019-2025
- 10.5.2 China
- 10.5.3 Japan
- 10.5.4 South Korea
- 10.5.5 India
- 10.5.6 Australia
- 10.5.7 Indonesia
- 10.5.8 Thailand
- 10.5.9 Malaysia
- 10.5.10 Philippines
- 10.5.11 Vietnam
- 10.6 Central & South America Market Consumption Forecast
- 10.6.1 Central & South America Heat Exchanger Consumption Forecast by Regions 2019-2025
- 10.6.2 Brazil
- 10.7 Middle East and Africa Market Consumption Forecast
- 10.7.1 Middle East and Africa Heat Exchanger Consumption Forecast by Regions 2019-2025
- 10.7.2 GCC Countries
- 10.7.3 Egypt
- 10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
- 11.1 Value Chain Analysis
- 11.2 Sales Channels Analysis
- 11.2.1 Heat Exchanger Sales Channels
- 11.2.2 Heat Exchanger Distributors
- 11.3 Heat Exchanger Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
- 12.1 Market Opportunities and Drivers
- 12.2 Market Challenges
- 12.3 Market Risks/Restraints
13 Key Findings in the Global Heat Exchanger Study
14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.1.1 Research Programs/Design
- 14.1.1.2 Market Size Estimation
- 14.1.1.3 Market Breakdown and Data Triangulation
- 14.1.2 Data Source
- 14.1.2.1 Secondary Sources
- 14.1.2.2 Primary Sources
- 14.1.1 Methodology/Research Approach
- 14.2 Author Details
Heat Exchangers is a piece of equipment built for efficient heat transfer from one medium to another. Heat exchangers are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.
The Heat Exchangers consumption volume was 1297.08 K Ton in 2017 and is expected to reach 1820.04 K Ton in 2022, growing at a CAGR of 7.01% from 2017 to 2022. Europe`s sales volume accounted for the highest market share (25.76%) in 2016, followed by the United States and Europe.
At present, the manufactures of Heat Exchangers are concentrated in USA, China, Europe, Asia Pacific (Except China) and India. Europe is the largest production area in the world, which occupied about 28.93% in 2016. The following areas are the USA and China. The global leading players in this market are Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, etc.
The Heat Exchangers are mainly used by Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating and Food Industry. The dominant applications of Heat Exchangers are Petrochemical and Electric Power & Metallurgy.
Despite the presence of competition problems, due to the increasing downstream demand of leading-edge, effective products, the government policy support of the relevant industry, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
The Heat Exchanger market was valued at 12000 Million US$ in 2018 and is projected to reach 18800 Million US$ by 2025, at a CAGR of 5.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Heat Exchanger.
This report presents the worldwide Heat Exchanger market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Alfa Laval
Kelvion (GEA)
SPX Corporation
IHI
Danfoss (Sondex)
SPX-Flow
DOOSAN
API
KNM
Funke
Xylem
Thermowave
Hisaka
SWEP
LARSEN & TOUBRO
Accessen
THT
Hitachi Zosen
LANPEC
Siping ViEX
Beichen
Lanzhou LS
Defon
Ormandy
FL-HTEP
Heat Exchanger Breakdown Data by Type
Shell & Tube Heat Exchanger
Plate Heat Exchanger
Air Cooled Heat Exchanger
Other Types
Heat Exchanger Breakdown Data by Application
Petrochemical
Electric Power & Metallurgy
Shipbuilding Industry
Mechanical Industry
Central Heating
Food Industry
Other Applications
Heat Exchanger Production by Region
United States
Europe
China
Japan
Other Regions
Heat Exchanger Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Heat Exchanger status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Heat Exchanger manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Heat Exchanger :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Ton). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Heat Exchanger market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.