A heat exchanger consists of a series of tubes or other shapes that are designed to be heated or cooled by a fluid that runs over the ends of each tube. The two fluids can be different temperatures, or the fluids can mix and reach a common temperature. The fluids may be separated by a solid wall to prevent mixing, or they can be in direct contact. The primary goal of a heat exchanger is to safely transfer the heat between two or more different fluids that have different properties and/or require a distinct thermal treatment. The type of fluid, the temperature and the pressure of the two fluids are all factors that must be considered when designing a heat exchanger.

Market Dynamics:

The rising application of heat exchangers in petrochemical industries, the rapid expansion of the chemical industry, and increased demand for environment-friendly heating, ventilation, and air conditioning (HVAC) systems are the factors expected to augment growth of the global heat exchanger market during the forecast period.

However, raw materials price volatility along with high cost of installation, operation, and maintenance is expected to hinder growth of the global heat exchanger market over the forecast period.  

Key features of the study:

• This report provides in-depth analysis of the global heat exchanger market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global heat exchanger market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include WCR, Inc., Alfa Laval, Manning and Lewis, Danfoss, Universal Coils and Heat Exchangers Industries Co. Ltd., Kelvion Holdings, Güntner Group GmbH, DFC Pressure Vessel Manufacturer Co., Ltd., Xylem, AIC Inc., API Heat Transfer, Aqua Systems, Inc., Mersen, Southern Heat Exchanger, Hisaka Works, Koch Heat Transfer Company, Chart Industries, Inc., Apparantebau GmbH,  Johnson Controls International, Funke Wärmeaustauscher, HRS Heat Exchangers Ltd., and SPX flow, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global heat exchanger market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global heat exchanger market

Detailed Segmentation:

• Global Heat Exchanger Market, By Product Type:
  • Plate & Frame
  • Shell & Tube
  • Air-cooled
  • Others
• Global Heat Exchanger Market, By End-Use:
  • Chemical & Petrochemical
  • Oil & Gas
  • HVAC & refrigeration
  • Power Generation
  • Food & Beverage
  • Pulp & Paper
  • Others
• Global Heat Exchanger Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • WCR, Inc.
  • Alfa Laval
  • Manning and Lewis
  • Danfoss
  • Universal Coils and Heat Exchangers Industries Co. Ltd.
  • Kelvion Holdings
  • Güntner Group GmbH
  • DFC Pressure Vessel Manufacturer Co., Ltd.
  • Xylem
  • AIC Inc.
  • API Heat Transfer
  • Aqua Systems, Inc.
  • Mersen
  • Southern Heat Exchanger
  • Hisaka Works
  • Koch Heat Transfer Company
  • Chart Industries, Inc.
  • Apparantebau GmbH
  • Johnson Controls International
  • Funke Wärmeaustauscher
  • HRS Heat Exchangers Ltd.
  • SPX flow, Inc.