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Heat Exchangers Market worth $40.25 billion by 2030, growing at a CAGR of 9.88% - Exclusive Report by 360iResearch
Heat Exchangers Market | 360iResearch
The Global Heat Exchangers Market to grow from USD 18.93 billion in 2022 to USD 40.25 billion by 2030, at a CAGR of 9.88%.
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Heat exchangers are devices that facilitate the process of heat exchange between two fluids that are at distinct temperatures. The fluids can be single or two-phase, and depending on the exchanger type, these fluids are separated or in direct contact. Heat exchangers find applications in refrigeration, heating and air conditioning, food processing, power plants, automobile radiators, chemical processing systems, and waste heat recovery units. The heat exchangers market is driven by increasing demand for sustainable and low energy consumption heat exchangers, increased investments in manufacturing, and commercial & industrial projects. However, stringent environmental regulations hinder the expansion of the heat exchanger market. An increasing number of nuclear power plants is expected to necessitate advancements in heat exchanger technology, opening up new avenues for market expansion.
A significant growth in the manufacturing industry in the Americas is contributing to the increasing demand for heat exchangers. Developments in the commercial & industrial sectors in the U.S., Canada, and Mexico are expected to have a positive impact on the heat exchangers market growth. An increase in the usage of natural gas for energy generation by countries such as the U.S. is creating several opportunities for the heat exchanger market. The Asia Pacific region has seen significant growth in the demand for heat exchangers due in part to rapid industrialization and urbanization, particularly in China, Japan, and India. In these regions, customer requirements are driven by energy efficiency needs, spurred by government initiatives aimed at reducing carbon footprint. Increasing public and private infrastructure investments in Europe are on the rise, driving the demand for heat exchangers in the HVAC & refrigeration industry. The development in the oil & gas processing plants, explicitly in the Middle East & Africa, is boosting the adoption of heat exchangers.
Market Segmentation & Coverage:
This research report categorizes the Heat Exchangers Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Adiabatic Wheel Heat Exchanger, Air-cooled Heat Exchangers, Plate Heat Exchanger, Regenerative Heat Exchanger, and Shell and Tube Heat Exchanger. The Plate Heat Exchanger commanded largest market share of 23.06% in 2022, followed by Air-cooled Heat Exchangers.
Based on Style, market is studied across Condensers, Coolers & Evaporators, Heat Exchangers Fin-tube, and Radiators. The Heat Exchangers Fin-tube commanded largest market share of 32.87% in 2022, followed by Coolers & Evaporators.
Based on Technology, market is studied across CO2, HC, HFC, HFO, NH3, R290, and WATER. The HC commanded largest market share of 31.90% in 2022, followed by HFC.
Based on Heat Transferring Process, market is studied across Gas-to-Gas, Liquid-to-Gas, and Liquid-to-Liquid. The Liquid-to-Liquid commanded largest market share of 61.75% in 2022, followed by Liquid-to-Gas.
Based on Operating Temperature Range, market is studied across 0-40 ºC, 120- 300ºC, 1200ºC & Above, 300- 600ºC, 40-120 ºC, and 600-1200ºC. The 120- 300ºC commanded largest market share of 24.12% in 2022, followed by 600-1200ºC.
Based on End-Use, market is studied across Commercial and Industrial. The Commercial is further studied across Air Conditioning, Datacenter Cooling, Logistic Centers, and Supermarkets. The Industrial is further studied across Chemical Plants, Food & Beverage, Metal & Mining, Oil & Gas, Petroleum Refineries, and Power Stations. The Industrial commanded largest market share of 78.92% in 2022, followed by Commercial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.48% in 2022, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Heat Exchangers Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Heat Exchangers Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Heat Exchangers Market, highlighting leading vendors and their innovative profiles. These include Aero Engineers, Alfa Laval Corporate AB, API Heat Transfer, Boyd Corporation, Chart Industries, Inc., Danfoss A/S, Enerquip, LLC, General Electric Company, Godrej Group, Güntner GmbH & Co. KG, Hindustan Dorr-Oliver Ltd., Hisaka Works, Ltd., HRS Heat Exchangers Ltd., IHI Corporation, Johnson Controls International PLC, Kaltra GmbH, Kelvion Holding GmbH, KGC Engineering Projects Private Ltd., Koch Industries, Inc., Mason Manufacturing LLC, Modine Manufacturing Company, Nuberg Engineering Limited, Royal Hydraulics, Inc., Sierra S.p.A, Teksons Pvt. Ltd., and Xylem Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Heat Exchangers Market, by Type
7. Heat Exchangers Market, by Style
8. Heat Exchangers Market, by Technology
9. Heat Exchangers Market, by Heat Transferring Process
10. Heat Exchangers Market, by Operating Temperature Range
11. Heat Exchangers Market, by End-Use
12. Americas Heat Exchangers Market
13. Asia-Pacific Heat Exchangers Market
14. Europe, Middle East & Africa Heat Exchangers Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Heat Exchangers Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Heat Exchangers Market?
3. What is the competitive strategic window for opportunities in the Heat Exchangers Market?
4. What are the technology trends and regulatory frameworks in the Heat Exchangers Market?
5. What is the market share of the leading vendors in the Heat Exchangers Market?
6. What modes and strategic moves are considered suitable for entering the Heat Exchangers Market?
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