From 2022 to 2031, heat exchanger sales are anticipated to grow globally at a CAGR of 6%. The market for heat exchangers worldwide was valued at US$ 18.94 billion in 2021, and it is expected to grow to US$ 34.24 billion by 2031.
Due to the expanding use of shell and tube heat exchangers across several industrial verticals, the demand for them is anticipated to grow at a considerable CAGR from 2022 to 2031.
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- Heat Exchangers Market by Product :
- Air Cooled Heat Exchangers
- Plate and Frame Heat Exchangers
- Shell and Tube Heat Exchangers
- Others (Condensers, Oil Coolers, and Radiators)
- Heat Exchangers Market by End User :
- HVAC
- Chemicals and Petrochemicals
- Power Generation
- Others (Food Processing, Aerospace, and Medical)
- Heat Exchangers Market by Region :
- North America Heat Exchangers Market
- Europe Heat Exchangers Market
- Asia Pacific Heat Exchangers Market
- Latin America Heat Exchangers Market
- Middle East & Africa Heat Exchangers Market
Competitive Landscape
Heat exchanger manufacturers collaborate with others to produce innovative heat transfer products to meet the world’s expanding energy needs. Heat exchanger providers are trying to gain a competitive advantage over their competitors by expanding the scope of their products’ applications.
For instance :
- In December 2021, Alfa Laval signed a global partnership deal with Microsoft to create digital solutions to help with the maintenance and support for its plate heat exchanger range. End users will be able to identify customers’ requirements using artificial intelligence (AI) in these new devices.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
