熱交換器市場調査レポート : 2035年までの予測

Heat Exchangers Market Research Report

Heat Exchangers Market Research Report by Product Type (Shell and Tube Heat Exchangers, Plate Heat Exchangers, Air Cooled Heat Exchangers, Others), by Material [Metal, Gaskets (Rubber/Polymer), Brazing Clad Materials, Others], by End Use Industry (Automotive, Energy & Power, Food & Beverages, Chemical, HVAC, Pulp & Paper, Pharmaceuticals & Cosmetics, Others), and by Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) Forecast till 2035

商品番号 : SMB-87806

出版社Market Research Future
出版年月2025年9月
ページ数171
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

熱交換器市場調査レポート : 製品タイプ(シェルアンドチューブ熱交換器、プレート熱交換器、空冷式熱交換器、その他)、材質別(金属、ガスケット(ゴム/ポリマー)、ろう付けクラッド材、その他)、最終用途産業別(自動車、エネルギー・電力、食品・飲料、化学、空調、パルプ・製紙、医薬品・化粧品、その他)、地域別(北米、ヨーロッパ、アジア太平洋、中東・アフリカ、南米)2035年までの予測

世界の熱交換器市場は、2035年までに391億6,300万米ドルに達すると予測されており、2025年から2035年にかけて7.2%という高い年平均成長率(CAGR)で成長します。熱交換器は、2つ以上の流体を混合することなく熱を伝達するように設計された装置です。発電、空調、化学処理、冷凍などの産業において、エネルギー効率の向上を目的として広く利用されています。

化学・石油化学産業は、中国などの国々において、先進的な耐腐食技術に関する新規・更新された資金を多数投入することで、ほぼ一貫して成長と拡大を続けています。これらの資金は、ゆっくりと、しかし確実に世界市場に貢献し、総需要の35~40%を占めています。これらの産業は銅、エチル、特殊化学品に注力しており、その結果、ほぼフル稼働の状態にあります。現在の競争の激しい市場では、製品の価格が安く、エネルギー効率が高いほど、需要が高まります。これらの新規資金は、精製、重合、特殊化学品、そして強力な専門性において不可欠であると考えられています。

Market Overview

The global heat exchangers market is projected to reach USD 39,163.0 million by 2035, growing at a strong CAGR of 7.2% between 2025 and 2035. A heat exchanger is a device designed to transfer heat between two or more fluids without mixing them. It is widely used in industries like power generation, HVAC, chemical processing, and refrigeration to improve energy efficiency.

For most of the time, the chemical and petrochemical industries keep growing and expanding, with multiple newly added and updated exchequers in advanced, corrosion-resistant technology in countries like China, which slowly, but surely, contributes to the global market, constituting 35 to 40 percent of the total demand. They have been focusing on copper, ethyl, and specialty chemicals, which in turn resulted in almost full capacity. With the current competitive market, the cheaper and more energy efficient the products are, the more desirable they become. These newly added exchequers are deemed necessary in refining, polymerization, and specialty chemical, strong specialty.

Key Company Development

Johnson Controls’ innovative advanced technology, which helps to promote energy-efficient dehumidification, permits them to consistently integrate WAHX with coils that are certified by the air handler division and don’t require additional in-site installation. These components are constructed using modern advanced technology components, which greatly increases their efficiency, and the tender SAMBA System fits virtually any construction. These components are replaced with advanced corrosion-resistant materials with a warranty that helps to lower the maintenance and safety costs.

Major Players

Key players in the global heat exchangers market are Alfa Laval, Xylem Inc., GEA Group, HISAKA WORKS, LTD., Danfoss, Kelvion Holding GmbH, Johnson Controls, Exchanger Industries Limited, Mersen, and SPX FLOW.

Report Attribute Details

  • Market Size 2024: USD 18,029.8 Million
  • Market Size 2035: USD 39,163.0 Million
  • CAGR (2025-2035): 7.2%
  • Base Year: 2024
  • Market Forecast Period: 2025-2035

Market Segmentations

  • By Product Type: Shell and Tube Heat Exchangers – 7.366%, Plate Heat Exchangers – 7.279%.
  • By Material: Metal – 7.332%, Gaskets (Rubber/Polymer) – 7.293%.
  • By End Use Industry: Automotive – 7.108%, Energy & Power – 7.522%.

Regional Insights

North America remains a well-established market for heat exchangers, supported by strong demand from oil & gas, power generation, HVAC, and chemicals. The U.S. drives the region, with refineries, shale gas facilities, and LNG terminals requiring robust shell-and-tube and air-cooled exchangers.  North America reached USD 4,890.05 million in 2024, led by strong contributions from the U.S. and Canada.

Europe is at the forefront of energy-efficient heat exchanger adoption, backed by the EU’s Energy Efficiency Directive and Green Deal. The region has a deep reliance on district heating and cooling networks, especially in Germany, Denmark, and Sweden, where plate and shell exchangers play a central role. Europe recorded a market size of USD 2,258.01 million in 2024, driven by Germany, the UK, and France.

Asia-Pacific dominates the global heat exchangers market, driven by rapid industrialization, growing energy demand, and a rising middle class. India is quickly becoming a growth engine, spurred by investments in chemicals, refining, and agro-industries. The Asia-Pacific market stood at USD 3,858.24 million in 2024, with China and Japan accounting for the bulk of demand.

South America’s market is anchored in oil & gas, mining, and power generation, with Brazil holding a leading role in offshore oil exploration and refining. Argentina and Venezuela also contribute significantly through petrochemical activities, while Chile and Peru rely on exchangers for mining-related cooling and heating. Despite facing economic volatility, the region is seeing growth in renewable energy, particularly Brazil’s biofuels industry.

MEA is a strategic market for heat exchangers, led by strong activity in oil & gas, petrochemicals, and desalination. Saudi Arabia, UAE, and Qatar are investing in downstream complexes and refinery upgrades, requiring large volumes of shell-and-tube and plate exchangers. In Africa, oil, power, and mining industries in Nigeria, Angola, and South Africa support growth, while diversification strategies such as green hydrogen and solar thermal open new avenues for advanced exchanger technologies.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY ……… 18

2 MARKET INTRODUCTION …… 25

2.1 DEFINITION …… 25

2.2 SCOPE OF THE STUDY …. 25

2.3 RESEARCH OBJECTIVE …….. 25

2.4 MARKET STRUCTURE …. 26

3 RESEARCH METHODOLOGY …… 27

3.1 OVERVIEW …….. 27

3.2 DATA FLOW …… 29

3.2.1 DATA MINING PROCESS ……… 30

3.3 PURCHASED DATABASE: ….. 31

3.4 SECONDARY SOURCES: …….. 32

3.4.1 SECONDARY RESEARCH DATA FLOW: …… 33

3.5 PRIMARY RESEARCH: ….. 34

3.5.1 PRIMARY RESEARCH DATA FLOW: ….. 35

3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED …. 36

3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE ……. 36

3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ……. 37

3.6.1 CONSUMPTION & NET TRADE APPROACH …. 37

3.6.2 REVENUE ANALYSIS APPROACH …. 37

3.7 DATA FORECASTING……. 38

3.7.1 DATA FORECASTING TECHNIQUE …. 38

3.8 DATA MODELING …….. 39

3.8.1 MICROECONOMIC FACTOR ANALYSIS: ….. 39

3.8.2 DATA MODELING: ….. 39

3.9 TEAMS AND ANALYST CONTRIBUTION ….. 41

4 MARKET DYNAMICS …….. 43

4.1 INTRODUCTION ….. 43

4.2 DRIVERS ……. 43

4.2.1 ENERGY EFFICIENCY & ENVIRONMENTAL REGULATION …….. 43

4.2.2 GROWTH OF CHEMICAL & PETROCHEMICAL INDUSTRY …….. 45

4.3 RESTRAINTS …. 46

4.3.1 MATERIAL CORROSION, FOULING & MAINTENANCE COMPLEXITY ……. 46

4.3.2 HIGH INITIAL CAPITAL & MAINTENANCE COSTS…. 47

4.4 OPPORTUNITY ……. 49

4.4.1 RAPIDLY GROWING FOOD & BEVERAGE INDUSTRY ……. 49

4.4.2 EMERGING MARKET EXPANSION …. 50

4.5 INDUSTRY TRENDS ……… 51

4.5.1 RISE OF SMART & CONNECTED HEAT EXCHANGERS …. 51

4.5.2 USE OF ADVANCED MATERIALS FOR EFFICIENCY AND DURABILITY ….. 51

4.6 IMPACT OF RUSSIA-UKRAINE WAR ……. 52

5 MARKET FACTOR ANALYSIS …… 55

5.1 SUPPLY/VALUE CHAIN ANALYSIS ……… 55

5.1.1 PARTICIPANTS …. 55

5.1.1.1 RAW MATERIAL SUPPLIERS ……… 55

5.1.1.2 COMPONENT MANUFACTURERS ……… 56

5.1.1.3 HEAT EXCHANGER OEMS (ORIGINAL EQUIPMENT MANUFACTURERS) …. 56

5.1.1.3.1 DESIGN, ASSEMBLY & INTEGRATION ……… 56

5.1.1.3.2 LIST OF MANUFACTURERS (COMPANY NAME, HEADQUARTERS, CONTACT DETAILS) …. 58

5.1.1.4 DISTRIBUTORS & SYSTEM INTEGRATORS …… 58

5.1.1.5 END-USE INDUSTRIES…. 59

5.1.1.5.1 CUSTOMER NEEDS, PREFERENCES, PAIN POINTS & END USE INDUSTRIES ….. 59

5.2 PORTER’S FIVE FORCES MODEL ……… 61

5.2.1 THREAT OF NEW ENTRANTS ….. 61

5.2.2 THREAT OF SUBSTITUTES …….. 62

5.2.3 BARGAINING POWER OF SUPPLIERS ……. 62

5.2.4 BARGAINING POWER OF BUYERS …. 62

5.2.5 INTENSITY OF RIVALRY …… 62

5.3 OVERVIEW OF TECHNOLOGICAL ADVANCEMENT ……… 63

5.3.1 ADVANCED MATERIALS (GRAPHENE, TITANIUM, COMPOSITES, CORROSION-RESISTANT ALLOYS) ……. 63

5.3.2 ADDITIVE MANUFACTURING (3D PRINTING) FOR CUSTOM HEAT EXCHANGERS ……. 63

5.3.3 COMPACT AND MICROCHANNEL HEAT EXCHANGERS ……… 63

5.3.4 DIGITALIZATION, IOT & SMART MONITORING INTEGRATION ……… 64

5.4 R&D UPDATE …. 64

5.5 REGULATORY UPDATES & GOVERNMENT POLICIES …… 65

5.5.1 CURRENT SCENARIO ……… 65

5.5.2 FUTURE ROADMAP ……… 66

5.5.3 CHALLENGES ….. 66

5.5.4 KEY DEVELOPMENTS …… 67

5.5.5 NOVEL APPLICATIONS …… 67

5.6 REGULATORY FRAMEWORK ……… 68

5.7 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREA ….. 70

5.7.1 BASED ON PRODUCT TYPE …… 70

5.7.2 BASED ON MATERIALS ….. 70

5.7.3 BASED ON END USE INDUSTRY …… 70

5.8 PESTLE ANALYSIS ….. 72

6 GLOBAL HEAT EXCHANGERS MARKET, BY PRODUCT TYPE ……. 74

6.1 INTRODUCTION ….. 74

6.1.1 SHELL AND TUBE HEAT EXCHANGERS ……… 74

6.1.2 PLATE HEAT EXCHANGERS …… 74

6.1.3 AIR COOLED HEAT EXCHANGERS …. 75

6.1.4 OTHERS …… 75

7 GLOBAL HEAT EXCHANGERS MARKET, BY MATERIAL ….. 77

7.1 INTRODUCTION ….. 77

7.1.1 METAL ……. 77

7.1.2 GASKETS (RUBBER/POLYMER) …… 77

7.1.3 BRAZING CLAD MATERIALS …… 78

7.1.4 OTHERS …… 78

8 GLOBAL HEAT EXCHANGERS MARKET, BY END USE INDUSTRY …… 80

8.1 INTRODUCTION ….. 80

8.1.1 AUTOMOTIVE …. 80

8.1.2 ENERGY & POWER …. 80

8.1.3 FOOD & BEVERAGE …….. 80

8.1.4 CHEMICAL …….. 81

8.1.5 HVAC ……. 81

8.1.6 PAPER & PULP INDUSTRY ……. 81

8.1.7 PHARMACEUTICALS & COSMETICS ……. 81

8.1.8 OTHERS …… 81

9 GLOBAL HEAT EXCHANGERS MARKET, BY REGION ……… 83

9.1 INTRODUCTION ….. 83

9.2 NORTH AMERICA ……. 83

9.3 EUROPE …….. 83

9.4 ASIA-PACIFIC ……… 84

9.5 SOUTH AMERICA ……. 84

9.6 MIDDLE EAST & AFRICA (MEA) ….. 84

9.7 NORTH AMERICA ……. 85

9.7.1 US…… 86

9.7.2 CANADA …. 87

9.7.3 MEXICO ….. 88

9.8 EUROPE …….. 90

9.8.1 GERMANY …….. 91

9.8.2 FRANCE ….. 92

9.8.3 UK ….. 93

9.8.4 SPAIN ……. 94

9.8.5 ITALY ……… 96

9.8.6 SWEDEN …. 97

9.8.7 REST OF EUROPE …… 98

9.9 ASIA PACIFIC ……… 99

9.9.1 CHINA ……. 100

9.9.2 INDIA …….. 101

9.9.3 JAPAN …… 102

9.9.4 SOUTH KOREA ……… 103

9.9.5 INDONESIA ……. 104

9.9.6 MALAYSIA …….. 105

9.9.7 REST OF ASIA-PACIFIC …. 106

9.10 SOUTH AMERICA ……. 107

9.10.1 BRAZIL ……. 109

9.10.2 ARGENTINA ……. 110

9.10.3 REST OF SOUTH AMERICA …… 111

9.11 MIDDLE EAST & AFRICA …… 112

9.11.1 SAUDI ARABIA ……… 113

9.11.2 UAE ……… 115

9.11.3 TURKEY …… 116

9.11.4 ISRAEL ……. 117

9.11.5 QATAR ……. 118

9.11.6 IRAN …. 119

9.11.7 EGYPT ……. 120

9.11.8 NIGERIA ….. 121

9.11.9 SOUTH AFRICA ……… 122

9.11.10 REST OF MIDDLE EAST & AFRICA …. 123

10 COMPETITIVE LANDSCAPE …….. 125

10.1 INTRODUCTION ….. 125

10.2 COMPETITION DASHBOARD ….. 125

10.3 MARKET SHARE ANALYSIS, 2024 ….. 126

10.4 WHO ARE THE MARKET DISRUPTORS & INNOVATORS? …. 126

10.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS? …… 127

10.6 COMPETITIVE BENCHMARKING …….. 128

10.7 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE HEAT EXCHANGER

MARKET …… 129

10.8 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2024 ……. 129

10.9 KEY DEVELOPMENTS & GROWTH STRATEGIES …….. 130

10.9.1 NEW PRODUCT LAUNCH ……… 130

10.9.2 AGREEMENT ….. 132

10.9.3 CAPACITY EXPANSION ….. 132

10.9.4 ACQUISITION ….. 132

11 COMPANY PROFILES …… 134

11.1 ALFA LAVAL …. 134

11.1.1 COMPANY OVERVIEW ……. 134

11.1.2 FINANCIAL OVERVIEW …… 135

11.1.3 PRODUCTS OFFERED……… 136

11.1.4 KEY DEVELOPMENTS …….. 136

11.1.5 SWOT ANALYSIS …….. 138

11.1.6 KEY STRATEGY ……… 138

11.2 XYLEM INC ……. 139

11.2.1 COMPANY OVERVIEW ……. 139

11.2.2 FINANCIAL OVERVIEW …… 140

11.2.3 PRODUCTS OFFERED……… 141

11.2.4 KEY DEVELOPMENTS …….. 141

11.2.5 SWOT ANALYSIS …….. 142

11.2.6 KEY STRATEGY ……… 142

11.3 GEA GROUP ……. 143

11.3.1 COMPANY OVERVIEW ……. 143

11.3.2 FINANCIAL OVERVIEW …… 144

11.3.3 PRODUCTS OFFERED……… 144

11.3.4 KEY DEVELOPMENTS …….. 145

11.3.5 SWOT ANALYSIS …….. 145

11.3.6 KEY STRATEGY ……… 145

11.4 HISAKA WORKS, LTD. ….. 146

11.4.1 COMPANY OVERVIEW ……. 146

11.4.2 FINANCIAL OVERVIEW …… 146

11.4.3 PRODUCTS OFFERED……… 147

11.4.4 KEY DEVELOPMENTS …….. 147

11.4.5 SWOT ANALYSIS …….. 147

11.4.6 KEY STRATEGY ……… 148

11.5 DANFOSS ….. 149

11.5.1 COMPANY OVERVIEW ……. 149

11.5.2 FINANCIAL OVERVIEW …… 150

11.5.3 PRODUCTS OFFERED……… 151

11.5.4 KEY DEVELOPMENTS …….. 151

11.5.5 SWOT ANALYSIS …….. 152

11.5.6 KEY STRATEGY ……… 152

11.6 KELVION HOLDING GMBH ……… 153

11.6.1 COMPANY OVERVIEW ……. 153

11.6.2 FINANCIAL OVERVIEW …… 153

11.6.3 PRODUCTS OFFERED……… 154

11.6.4 KEY DEVELOPMENTS …….. 154

11.6.5 SWOT ANALYSIS …….. 155

11.6.6 KEY STRATEGY ……… 155

11.7 JOHNSON CONTROLS …… 156

11.7.1 COMPANY OVERVIEW ……. 156

11.7.2 FINANCIAL OVERVIEW …… 157

11.7.3 PRODUCTS OFFERED……… 157

11.7.4 KEY DEVELOPMENTS …….. 157

11.7.5 SWOT ANALYSIS …….. 158

11.7.6 KEY STRATEGY ……… 159

11.8 EXCHANGER INDUSTRIES LIMITED …….. 160

11.8.1 COMPANY OVERVIEW ……. 160

11.8.2 FINANCIAL OVERVIEW …… 160

11.8.3 PRODUCTS OFFERED……… 161

11.8.4 KEY DEVELOPMENTS …….. 161

11.8.5 SWOT ANALYSIS …….. 162

11.8.6 KEY STRATEGY ……… 162

11.9 MERSEN ……. 163

11.9.1 COMPANY OVERVIEW ……. 163

11.9.2 FINANCIAL OVERVIEW …… 164

11.9.3 PRODUCTS OFFERED……… 164

11.9.4 KEY DEVELOPMENTS …….. 164

11.9.5 SWOT ANALYSIS …….. 165

11.9.6 KEY STRATEGY ……… 165

11.10 SPX FLOW ……… 166

11.10.1 COMPANY OVERVIEW ……. 166

11.10.2 FINANCIAL OVERVIEW …… 166

11.10.3 PRODUCTS OFFERED……… 167

11.10.4 KEY DEVELOPMENTS …….. 167

11.10.5 SWOT ANALYSIS …….. 168

11.10.6 KEY STRATEGY ……… 168

12 DATA CITATIONS ……. 169

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 40

TABLE 2 GLOBAL HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 76

TABLE 3 GLOBAL HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 79

TABLE 4 GLOBAL HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 82

TABLE 5 GLOBAL HEAT EXCHANGERS MARKET, BY REGION, 2019-2035 (USD MILLION) 85

TABLE 6 NORTH AMERICA HEAT EXCHANGERS MARKET, BY COUNTRY, 2019-2035 (USD MILLION) 85

TABLE 7 NORTH AMERICA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 85

TABLE 8 NORTH AMERICA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 86

TABLE 9 NORTH AMERICA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 86

TABLE 10 US HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 86

TABLE 11 US HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 87

TABLE 12 US HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 87

TABLE 13 CANADA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 87

TABLE 14 CANADA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 88

TABLE 15 CANADA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 88

TABLE 16 MEXICO HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 88

TABLE 17 MEXICO HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 89

TABLE 18 MEXICO HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 89

TABLE 19 EUROPE HEAT EXCHANGERS MARKET, BY COUNTRY, 2019-2035 (USD MILLION) 90

TABLE 20 EUROPE HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 90

TABLE 21 EUROPE HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 90

TABLE 22 EUROPE HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 91

TABLE 23 GERMANY HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 91

TABLE 24 GERMANY HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 91

TABLE 25 GERMANY HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 92

TABLE 26 FRANCE HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 92

TABLE 27 FRANCE HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 92

TABLE 28 FRANCE HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 93

TABLE 29 UK HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 93

TABLE 30 UK HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 93

TABLE 31 UK HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 94

TABLE 32 SPAIN HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 94

TABLE 33 SPAIN HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 94

TABLE 34 SPAIN HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 95

TABLE 35 ITALY HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 96

TABLE 36 ITALY HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 96

TABLE 37 ITALY HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 96

TABLE 38 SWEDEN HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 97

TABLE 39 SWEDEN HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 97

TABLE 40 SWEDEN HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 97

TABLE 41 REST OF EUROPE HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 98

TABLE 42 REST OF EUROPE HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 98

TABLE 43 REST OF EUROPE HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 98

TABLE 44 ASIA PACIFIC HEAT EXCHANGERS MARKET, BY COUNTRY, 2019-2035 (USD MILLION) 99

TABLE 45 ASIA PACIFIC HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 99

TABLE 46 ASIA PACIFIC HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 99

TABLE 47 ASIA PACIFIC HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 100

TABLE 48 CHINA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 100

TABLE 49 CHINA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 101

TABLE 50 CHINA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 101

TABLE 51 INDIA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 101

TABLE 52 INDIA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 102

TABLE 53 INDIA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 102

TABLE 54 JAPAN HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 102

TABLE 55 JAPAN HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 103

TABLE 56 JAPAN HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 103

TABLE 57 SOUTH KOREA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 103

TABLE 58 SOUTH KOREA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 104

TABLE 59 SOUTH KOREA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 104

TABLE 60 INDONESIA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 104

TABLE 61 INDONESIA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 105

TABLE 62 INDONESIA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 105

TABLE 63 MALAYSIA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 105

TABLE 64 MALAYSIA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 106

TABLE 65 MALAYSIA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 106

TABLE 66 REST OF ASIA-PACIFIC HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 106

TABLE 67 REST OF ASIA-PACIFIC HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 107

TABLE 68 REST OF ASIA-PACIFIC HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 107

TABLE 69 SOUTH AMERICA HEAT EXCHANGERS MARKET, BY COUNTRY, 2019-2035 (USD MILLION) 107

TABLE 70 SOUTH AMERICA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 108

TABLE 71 SOUTH AMERICA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 108

TABLE 72 SOUTH AMERICA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 108

TABLE 73 BRAZIL HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 109

TABLE 74 BRAZIL HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 109

TABLE 75 BRAZIL HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 109

TABLE 76 ARGENTINA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 110

TABLE 77 ARGENTINA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 110

TABLE 78 ARGENTINA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 110

TABLE 79 REST OF SOUTH AMERICA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 111

TABLE 80 REST OF SOUTH AMERICA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 111

TABLE 81 REST OF SOUTH AMERICA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 112

TABLE 82 MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY COUNTRY, 2019-2035 (USD MILLION) 112

TABLE 83 MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 112

TABLE 84 MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 113

TABLE 85 MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 113

TABLE 86 SAUDI ARABIA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 114

TABLE 87 SAUDI ARABIA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 114

TABLE 88 SAUDI ARABIA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 114

TABLE 89 UAE HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 115

TABLE 90 UAE HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 115

TABLE 91 UAE HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 115

TABLE 92 TURKEY HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 116

TABLE 93 TURKEY HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 116

TABLE 94 TURKEY HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 116

TABLE 95 ISRAEL HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 117

TABLE 96 ISRAEL HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 117

TABLE 97 ISRAEL HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 117

TABLE 98 QATAR HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 118

TABLE 99 QATAR HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 118

TABLE 100 QATAR HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 118

TABLE 101 IRAN HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 119

TABLE 102 IRAN HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 119

TABLE 103 IRAN HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 119

TABLE 104 EGYPT HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 120

TABLE 105 EGYPT HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 120

TABLE 106 EGYPT HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 120

TABLE 107 NIGERIA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 121

TABLE 108 NIGERIA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 121

TABLE 109 NIGERIA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 121

TABLE 110 SOUTH AFRICA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 122

TABLE 111 SOUTH AFRICA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 122

TABLE 112 SOUTH AFRICA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 123

TABLE 113 REST OF MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY PRODUCT TYPE, 2019-2035 (USD MILLION) 123

TABLE 114 REST OF MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY MATERIAL, 2019-2035 (USD MILLION) 123

TABLE 115 REST OF MIDDLE EAST & AFRICA HEAT EXCHANGERS MARKET, BY END USE INDUSTRY, 2019-2035 (USD MILLION) 124

TABLE 1 DASHBOARD COMPETITION: HEAT EXCHANGER MARKET 125

TABLE 2 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE HEAT EXCHANGER MARKET 129

TABLE 3 NEW PRODUCT LAUNCH 130

TABLE 4 AGREEMENT 132

TABLE 5 CAPACITY EXPANSION 132

TABLE 6 ACQUISITION 132

TABLE 7 ALFA LAVAL COMPANY: PRODUCTS OFFERED 136

TABLE 8 ALFA LAVAL COMPANY: KEY DEVELOPMENT 136

TABLE 9 XYLEM INC: PRODUCTS OFFERED 141

TABLE 10 XYLEM INC.: KEY DEVELOPMENT 141

TABLE 11 GEA GROUP AG: PRODUCTS OFFERED 144

TABLE 12 HISAKA WORKS, LTD.: PRODUCTS OFFERED 147

TABLE 13 DANFOSS PRODUCTS OFFERED 151

TABLE 14 DANFOSS: KEY DEVELOPMENT 151

TABLE 15 KELVION HOLDING GMBH CHEMICAL LTD: PRODUCTS OFFERED 154

TABLE 16 JOHNSON CONTROLS: PRODUCTS OFFERED 157

TABLE 17 JOHNSON CONTROLS: KEY DEVELOPMENTS 157

TABLE 18 EXCHANGER INDUSTRIES LIMITED: PRODUCTS OFFERED 161

TABLE 19 EXCHANGER INDUSTRIES LIMITED: KEY DEVELOPMENTS 161

TABLE 20 MERSEN: PRODUCTS OFFERED 164

TABLE 21 SPX FLOW COMPANY: PRODUCTS OFFERED 167

TABLE 22 SPX FLOW COMPANY: KEY DEVELOPMENT 167

LIST OF FIGURES

FIGURE 1 GLOBAL HEAT EXCHANGERS MARKET (BY REGION), 2024

FIGURE 2 GLOBAL HYDROGEN FUEL CELL PORTABLE POWER GENERATOR MARKET SNAPSHOT, 2024

FIGURE 3 GLOBAL HEAT EXCHANGER: STRUCTURE

FIGURE 4 GLOBAL HYDROGEN FUEL CELL PORTABLE POWER GENERATOR MARKET: MARKET GROWTH FACTOR ANALYSIS (2019-2035) 43

FIGURE 5 DRIVER IMPACT ANALYSIS (2025-2035)

FIGURE 6 RESTRAINT IMPACT ANALYSIS (2025-2035)

FIGURE 7 SUPPLY CHAIN: GLOBAL HYDROGEN FUEL CELL PORTABLE POWER GENERATOR MARKET

FIGURE 8 PORTER’S FIVE FORCES ANALYSIS OF THE HEAT EXCHANGER

FIGURE 9 GLOBAL HEAT EXCHANGER MARKET MAJOR PLAYERS MARKET SHARE ANALYSIS, 2024 (%)

FIGURE 10 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 11 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2024

FIGURE 12 ALFA LAVAL: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 13 ALFA LAVAL COMPANY: SWOT ANALYSIS

FIGURE 14 XYLEM INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 15 XYLEM INC: SWOT ANALYSIS

FIGURE 16 GEA GROUP: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 17 GEA GROUP AG: SWOT ANALYSIS

FIGURE 18 HISAKA WORKS, LTD.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 19 HISAKA WORKS LTD. COMPANY: SWOT ANALYSIS

FIGURE 20 DANFOSS: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 21 DANFOSS SWOT ANALYSIS

FIGURE 22 KELVION HOLDING GMBH CHEMICAL LTD: SWOT ANALYSIS

FIGURE 23 JOHNSON CONTROLS: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 24 JOHNSON CONTROLS: SWOT ANALYSIS

FIGURE 25 EXCHANGER INDUSTRIES LIMITED: SWOT ANALYSIS

FIGURE 26 MERSEN: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 27 MERSEN: SWOT ANALYSIS

FIGURE 28 SPX FLOW COMPANY: SWOT ANALYSIS