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1423119

熱交換器市場レポート:タイプ、材料、最終用途産業、地域別、2024年~2032年

Heat Exchanger Market Report by Type, Material, End-Use Industry, and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 140 Pages | 納期: 2~3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=157.14円
熱交換器市場レポート:タイプ、材料、最終用途産業、地域別、2024年~2032年
出版日: 2024年01月30日
発行: IMARC
ページ情報: 英文 140 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の熱交換器市場規模は2023年に185億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて5%の成長率(CAGR)を示し、2032年までに291億米ドルに達すると予測しています。再生可能エネルギー源の使用の増加、クラウドコンピューティングのためのデータセンターへの依存度の上昇、負荷分散のための熱エネルギー貯蔵ソリューションへの関心の高まりは、市場を推進する主な要因の一部です。

熱交換器は、2つ以上の流体を混合させることなく熱を伝達するために開発された装置です。熱交換器は、高温流体と低温流体の流れを、熱伝導性のあるチューブやプレートの固い壁で分割し、2つの媒体間の直接接触をなくすものです。一方に高温の流体が流れ、他方に低温の流体が流れ、金属プレートやチューブのような固体バリアによって分離されることで機能します。これは、多くのシステムにおいて、エネルギー効率と運転効果を向上させるのに役立っています。

エネルギー出力を最適化するために効率的な熱交換システムを必要とする、風力、太陽光、地熱などの再生可能エネルギー源の使用が増加していることが、世界中の市場の成長を強化しています。さらに、効率的な冷却システムを必要とするクラウドコンピューティングやデータストレージのためのデータセンターへの依存度の高まりは、最適な温度を維持し、データセンターの運用の寿命と効率を確保するための熱交換器の需要を促進しています。さらに、エンジン冷却や気候制御のために船舶で熱交換器のニーズが高まっていることも、市場にプラスの影響を与えています。これとは別に、負荷分散とエネルギー最適化のための熱エネルギー貯蔵ソリューションへの関心が高まっていることも、市場の成長に寄与しています。さらに、住宅や商業空間における暖房・換気・空調(HVAC)システムの設置が増加していることも、市場の成長を後押ししています。

熱交換器市場の動向と促進要因:

エネルギー効率に対するニーズの高まり

熱交換器の需要を促進している主な要因の1つは、エネルギー効率を重視する傾向が強まっていることです。産業界が環境フットプリントの最小化を目指す中、熱交換器はエネルギー消費を最適化する上で極めて重要になっています。これらの装置は、2つの流体が直接接触することなく、流体からの熱を別の流体に渡すことを可能にし、それによって熱の浪費を避け、エネルギーを節約します。このプロセスは、運転コストの削減と厳しいエネルギー規制の遵守に役立ちます。HVAC、化学、石油・ガスなどの業界では、エネルギー効率に優れた熱交換器の採用が増えており、市場の需要を押し上げています。

規制遵守の高まり

排出ガスや環境持続性に関連する規制がますます厳しくなっていることが、熱交換器の需要を押し上げています。政府や国際機関は、二酸化炭素排出量を削減し、環境に優しい産業慣行を推進することに注力しています。熱交換器は、熱伝達プロセスを最適化することでこうした規制への対応を支援し、エネルギー消費量を削減し、温室効果ガスの排出量を削減します。企業はコンプライアンスを維持し、潜在的な罰則を回避するために熱交換器技術に投資しており、それによって市場の需要が高まっています。

産業の成長

医薬品、飲食品(F&B)、石油化学など、さまざまな産業の急速な拡大も熱交換器の需要を後押ししています。これらの分野では、品質保証、安全性、生産プロセスの効率化のために正確な温度制御が必要とされます。熱交換器は温度調節のための信頼できるソリューションを提供し、合理的なオペレーションに貢献します。さまざまな産業用途で不可欠な役割を果たす熱交換器は、需要の持続的な水準を保証し、産業の進歩と並行して成長する可能性が高いです。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 熱交換器の世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:タイプ別

  • シェル&チューブ
    • 市場動向
    • 市場予測
  • プレート&フレーム
    • 市場動向
    • 市場予測
  • 空冷式
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:材料別

  • 炭素鋼
    • 市場動向
    • 市場予測
  • ステンレス鋼
    • 市場動向
    • 市場予測
  • ニッケル
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳:最終用途産業別

  • 化学
    • 市場動向
    • 市場予測
  • 石油化学・ガス
    • 市場動向
    • 市場予測
  • HVACと冷却
    • 市場動向
    • 市場予測
  • 飲食品
    • 市場動向
    • 市場予測
  • 発電
    • 市場動向
    • 市場予測
  • 紙・パルプ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳:地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • アルゼンチン
      • 市場動向
      • 市場予測
    • コロンビア
      • 市場動向
      • 市場予測
    • チリ
      • 市場動向
      • 市場予測
    • ペルー
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ
    • トルコ
      • 市場動向
      • 市場予測
    • サウジアラビア
      • 市場動向
      • 市場予測
    • イラン
      • 市場動向
      • 市場予測
    • アラブ首長国連邦
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格指標

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Alfa Laval
    • API Heat Transfer Inc.
    • Danfoss
    • General Electric Company
    • Hisaka Works
    • IHI Corporation
    • Johnson Controls
    • Kelvion Holding GmbH
    • Koch Industries
    • Lytron Inc.
    • Mersen
    • Modine Manufacturing
    • Royal Hydraulics
    • Sondex A/S
    • Xylem Inc.
図表

List of Figures

  • Figure 1: Global: Heat Exchanger Market: Major Drivers and Challenges
  • Figure 2: Global: Heat Exchanger Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Heat Exchanger Market: Breakup by Type (in %), 2023
  • Figure 4: Global: Heat Exchanger Market: Breakup by Material (in %), 2023
  • Figure 5: Global: Heat Exchanger Market: Breakup by End-Use Industry (in %), 2023
  • Figure 6: Global: Heat Exchanger Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Heat Exchanger Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Heat Exchanger (Shell & Tube) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Heat Exchanger (Shell & Tube) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Heat Exchanger (Plate & Frame) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Heat Exchanger (Plate & Frame) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Heat Exchanger (Air Cooled) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Heat Exchanger (Air Cooled) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Heat Exchanger (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Heat Exchanger (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Heat Exchanger (Carbon Steel) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Heat Exchanger (Carbon Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Heat Exchanger (Stainless Steel) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Heat Exchanger (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Heat Exchanger (Nickel) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Heat Exchanger (Nickel) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Heat Exchanger (Others) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Heat Exchanger (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Heat Exchanger (Chemical) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Heat Exchanger (Chemical) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Heat Exchanger (Petrochemical and Oil & Gas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Heat Exchanger (Petrochemical and Oil & Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Heat Exchanger (HVAC and Refrigeration) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Heat Exchanger (HVAC and Refrigeration) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Heat Exchanger (Food & Beverage) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Heat Exchanger (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Heat Exchanger (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Heat Exchanger (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Heat Exchanger (Paper & Pulp) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Heat Exchanger (Paper & Pulp) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Heat Exchanger (Other End-Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Heat Exchanger (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: North America: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: North America: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: United States: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: United States: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Canada: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Canada: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Europe: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Europe: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Germany: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Germany: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: France: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: France: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: United Kingdom: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: United Kingdom: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Italy: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Italy: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Spain: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Spain: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Russia: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Russia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Others: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Asia Pacific: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Asia Pacific: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: China: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: China: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Japan: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Japan: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: India: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: India: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: South Korea: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: South Korea: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Australia: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Australia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Indonesia: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Indonesia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Others: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Latin America: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Latin America: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: Brazil: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: Brazil: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Mexico: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 81: Mexico: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 82: Argentina: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 83: Argentina: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 84: Colombia: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 85: Colombia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 86: Chile: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 87: Chile: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 88: Peru: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 89: Peru: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 90: Others: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 91: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 92: Middle East and Africa: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 93: Middle East and Africa: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 94: Turkey: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 95: Turkey: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 96: Saudi Arabia: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 97: Saudi Arabia: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 98: Iran: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 99: Iran: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 100: United Arab Emirates: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 101: United Arab Emirates: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 102: Others: Heat Exchanger Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 103: Others: Heat Exchanger Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 104: Global: Heat Exchanger Industry: SWOT Analysis
  • Figure 105: Global: Heat Exchanger Industry: Value Chain Analysis
  • Figure 106: Global: Heat Exchanger Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Heat Exchanger Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Heat Exchanger Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Heat Exchanger Market Forecast: Breakup by Material (in Million US$), 2024-2032
  • Table 4: Global: Heat Exchanger Market Forecast: Breakup by End-Use Industry (in Million US$), 2024-2032
  • Table 5: Global: Heat Exchanger Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Heat Exchanger Market: Competitive Structure
  • Table 7: Global: Heat Exchanger Market: Key Players
目次
Product Code: SR112024A1854

Abstract

The global heat exchanger market size reached US$ 18.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032. The increasing use of renewable energy sources, rising reliance on data centers for cloud computing, and the growing interest in thermal energy storage solutions for load balancing are some of the major factors propelling the market.

A heat exchanger is a device developed to transfer heat between two or more fluids without allowing them to mix. It consists of streams of hot and cold fluids that are split by a solid wall of the thermally conductive tube or plate, which helps remove direct contact between the two mediums. It works by having a hot fluid flow on one side and a cooler fluid on the other, separated by a solid barrier like metal plates or tubes. It assists in improving energy efficiency and operational effectiveness in many systems.

The increasing use of renewable energy sources like wind, solar, and geothermal power that necessitates efficient heat exchange systems to optimize energy output is strengthening the growth of the market around the world. Moreover, the rising reliance on data centers for cloud computing and data storage that requires efficient cooling systems is driving the demand for heat exchangers to help maintain optimal temperatures and ensure the longevity and efficiency of data center operations. In addition, the growing need for heat exchangers in ships for engine cooling and climate control is influencing the market positively. Apart from this, the increasing interest in thermal energy storage solutions for load balancing and energy optimization is contributing to the market growth. Furthermore, the rising installation of heating, ventilation, and air conditioning (HVAC) systems in residential and commercial spaces is bolstering the growth of the market.

Heat Exchanger Market Trends/Drivers:

Increasing need for energy efficiency

One of the primary factors driving the demand for heat exchangers is the increasing emphasis on energy efficiency. As industries aim to minimize their environmental footprint, heat exchangers have become crucial in optimizing energy consumption. These devices allow heat from a fluid to pass to another fluid without the two fluids having to come into direct contact, thereby avoiding wastage of heat and conserving energy. This process helps in reducing operational costs and adhering to stringent energy regulations. Industries, such as HVAC, chemical, and oil and gas have increasingly adopted heat exchangers for their energy-efficient attributes, thus boosting market demand.

Rise in regulatory compliance

Increasingly stringent regulations related to emissions and environmental sustainability are driving demand for heat exchangers. Governments and international bodies are focusing on reducing the carbon footprint and promoting environment friendly industrial practices. Heat exchangers assist in meeting these regulations by optimizing heat transfer processes, thus reducing energy consumption and lowering greenhouse gas emissions. Companies are investing in heat exchanger technology to stay compliant and avoid potential penalties, thereby adding to the market demand.

Growing industrial growth

The rapid expansion of various industries, including pharmaceuticals, food and beverage (F&B), and petrochemicals, has also fueled the demand for heat exchangers. These sectors require precise temperature control for quality assurance, safety, and efficiency in production processes. Heat exchangers offer a reliable solution for temperature regulation, contributing to streamlined operations. Their essential role in various industrial applications ensures a sustained level of demand, which is likely to grow in parallel with industrial advancements.

Heat Exchanger Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global heat exchanger market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, material, and end-use industry.

Breakup by Type:

Shell & Tube

Plate & Frame

Air Cooled

Others

Shell and tube dominate the market

The report has provided a detailed breakup and analysis of the market based on the Type. This includes shell and tube, plate and frame, air cooled, and others. According to the report, shell and tube represented the largest segment. The shell and tube heat exchanger consist of a shell that houses a bundle of tubes. The tube material often has high thermal conductivity, allowing efficient heat transfer. This design is incredibly versatile, making it suitable for high-pressure and high-temperature applications.

In a plate and frame heat exchanger, corrugated metal plates are stacked together, which forms channels for the fluids to pass through. The plates are usually separated by gaskets to prevent mixing. These exchangers are known for their high efficiency and are ideal for low to medium pressure fluids. They are commonly used in HVAC systems, food processing, and pharmaceutical industries. Their compact size allows for easy installation and maintenance, although they are generally not suited for very high-temperature or high-pressure applications.

Breakup by Material:

Carbon Steel

Stainless Steel

Nickel

Others

Stainless steel holds the largest share in the market

A detailed breakup and analysis of the market based on the material has also been provided in the report. This includes carbon steel, stainless steel, nickel, and others. According to the report, stainless steel accounted for the largest market share. Stainless steel is favored for its corrosion resistance and strength, which makes it ideal for more aggressive fluids and higher temperature applications. It is commonly used in pharmaceutical, F&B, and chemical industries wherein cleanliness and corrosion resistance are paramount.

Carbon steel is often used in heat exchangers due to its cost-effectiveness and high thermal conductivity. It is particularly suitable for applications involving water, oil, and gas. This material is generally recommended for low to moderate temperature and pressure conditions. Proper protective measures like coatings can be needed for corrosive environments.

Breakup by End-Use Industry:

Chemical

Petrochemical and Oil & Gas

HVAC and Refrigeration

Food & Beverage

Power Generation

Paper & Pulp

Others

Chemical dominate the market

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverage, power generation, paper and pulp, and others. According to the report, chemical represented the largest segment. In the chemical industry, heat exchangers are commonly used for controlling temperature during chemical reactions and in separation processes. Precise temperature control is often essential for reaction yield and quality. Heat exchangers in this industry must be designed to resist corrosion from a variety of aggressive chemicals, often requiring the use of specialized materials like stainless steel or nickel alloys. Typical applications include distillation columns, evaporators, and condensers. Ensuring efficient heat transfer is critical for optimizing energy consumption and reducing operational costs.

Heat exchangers in the petrochemical and oil and gas industries are critical for processes like refining, liquefaction, and gas treatment. They are used in cracking towers, reboilers, and condensing units, among other applications. The focus here is on durability, efficiency, and the ability to handle large volumes of fluids. Proper maintenance is crucial, as fouling and corrosion can lead to inefficiencies and even catastrophic failures.

Breakup by Region:

North America

United States

Canada

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Latin America

Brazil

Mexico

Argentina

Colombia

Chile

Peru

Others

Middle East and Africa

Turkey

Saudi Arabia

Iran

United Arab Emirates

Others

Europe exhibits a clear dominance, accounting for the largest heat exchanger market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others);Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others), and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates, and others). According to the report, Europe accounted for the largest market share.

The increasing investment in wind, solar, and geothermal energy projects that necessitates efficient heat exchangers to optimize performance represents one of the primary factors bolstering the market growth in Europe. Moreover, rising number of data centers are favoring the growth of the market in the region. Besides this, the growing production of luxury vehicles is influencing the market positively.

Competitive Landscape:

The leading companies are incorporating sensors and real time monitoring systems that allow for proactive monitoring of performance metrics and early detection of issues like fouling or leaks, thereby improving efficiency and reducing downtime. They are also developing new materials, such as graphene and ceramic composites that offer higher thermal conductivity and greater resistance to corrosion, which enables heat exchangers to operate under more demanding conditions. Moreover, key players are incorporating computational fluid dynamics (CFD) software that allows for precise modeling of fluid flow and heat transfer characteristics and enables engineers to optimize heat exchanger design before physical prototypes are built, which saves time and resources.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Alfa Laval

API Heat Transfer Inc.

Danfoss

General Electric Company

Hisaka Works, Ltd.

IHI Corporation

Johnson Controls

Kelvion Holding GmbH

Koch Industries, Inc.

Lytron Inc.

Mersen Corporate Services SAS

Modine Manufacturing Company

Royal Hydraulics

Sondex A/S

Xylem Inc.

Recent Developments:

In 2021, Alfa Laval partnered with Stena Recycling to incorporate a sustainable business model for increasing circularity in the heat exchanger supply chain.

In 2023, Kelvion Holding GmbH launched its 'Heat Exchange as a Service' business model, under which heat exchangers can be billed on a pay-per-use basis based on a fixed hourly rate.

In 2020, Danfoss developed a comprehensive portfolio with its new Z-design technology-based microplate heat exchangers that reduce the refrigerant charge along with design changes to minimize weight.

Key Questions Answered in This Report

  • 1. What was the size of the global heat exchanger market in 2023?
  • 2. What is the expected growth rate of the global heat exchanger market during 2024-2032?
  • 3. What are the key factors driving the global heat exchanger market?
  • 4. What has been the impact of COVID-19 on the global heat exchanger market?
  • 5. What is the breakup of the global heat exchanger market based on the type?
  • 6. What is the breakup of the global heat exchanger market based on the material?
  • 7. What is the breakup of the global heat exchanger market based on the end-use industry?
  • 8. What are the key regions in the global heat exchanger market?
  • 9. Who are the key players/companies in the global heat exchanger market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Heat Exchanger Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Shell & Tube
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Plate & Frame
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Air Cooled
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Material

  • 7.1 Carbon Steel
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Stainless Steel
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Nickel
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by End-Use Industry

  • 8.1 Chemical
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Petrochemical and Oil & Gas
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 HVAC and Refrigeration
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Food & Beverage
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Power Generation
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Paper & Pulp
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Europe
    • 9.2.1 Germany
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 France
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 United Kingdom
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 Italy
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Spain
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Russia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Asia Pacific
    • 9.3.1 China
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 Japan
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 India
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 South Korea
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Australia
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Indonesia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Argentina
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
    • 9.4.4 Colombia
      • 9.4.4.1 Market Trends
      • 9.4.4.2 Market Forecast
    • 9.4.5 Chile
      • 9.4.5.1 Market Trends
      • 9.4.5.2 Market Forecast
    • 9.4.6 Peru
      • 9.4.6.1 Market Trends
      • 9.4.6.2 Market Forecast
    • 9.4.7 Others
      • 9.4.7.1 Market Trends
      • 9.4.7.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Turkey
      • 9.5.1.1 Market Trends
      • 9.5.1.2 Market Forecast
    • 9.5.2 Saudi Arabia
      • 9.5.2.1 Market Trends
      • 9.5.2.2 Market Forecast
    • 9.5.3 Iran
      • 9.5.3.1 Market Trends
      • 9.5.3.2 Market Forecast
    • 9.5.4 United Arab Emirates
      • 9.5.4.1 Market Trends
      • 9.5.4.2 Market Forecast
    • 9.5.5 Others
      • 9.5.5.1 Market Trends
      • 9.5.5.2 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Indicators

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Alfa Laval
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 API Heat Transfer Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Danfoss
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
    • 14.3.4 General Electric Company
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Hisaka Works
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 IHI Corporation
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Johnson Controls
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Kelvion Holding GmbH
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Koch Industries
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 SWOT Analysis
    • 14.3.10 Lytron Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
    • 14.3.11 Mersen
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
    • 14.3.12 Modine Manufacturing
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Royal Hydraulics
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
    • 14.3.14 Sondex A/S
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
    • 14.3.15 Xylem Inc.
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis