Report Description Table of Contents Industry Report and Statistics (Facts & Figures) - Sales Volume, ASP & Demand Analysis by Technology, Product & Application The global heat exchangers market will witness a robust CAGR of 5.3%, which was $16.01 billion in 2021 and valued at $16.86 billion in 2022, and is expected to appreciate and reach $25.5 billion by 2030, confirms Strategic Market Research. Heat exchangers are the devices that transfer heat between two fluids, which can be liquids or gases. The fluids are separated by a solid barrier, which prevents mixing while allowing heat transfer. According to the US Department of Energy, heat exchangers can improve energy efficiency by up to 30% in industrial applications. The heat exchanger works by facilitating the transfer of heat from one fluid to the other, which can be accomplished through various means, such as conduction, convection, or radiation. Heat exchangers are used in various industrial applications, including heating and cooling processes, such as HVAC systems, refrigeration and air conditioning systems, and chemical processing plants. They are also used in power generation, such as in steam turbines, and in various other applications requiring efficient heat transfer. The US Department of Energy (DOE) emphasizes the importance of heat exchangers in energy conservation, stating that they are essential components of most energy-efficient heating, cooling, and power generation systems. The DOE also notes that heat exchangers are used in various industries, including chemical processing, food and beverage, and HVAC systems. Heat exchangers helps to transfer heat from one fluid to another without the fluids coming into contact with each other. The fluids can be gases, liquids, or a combination of both and can be heated or cooled through the heat transfer process. Heat exchangers are essential components in various industrial applications where heat needs to be transferred efficiently and cost-effectively. The International Energy Agency (IEA) highlights the role of heat exchangers in reducing energy consumption and greenhouse gas emissions, stating that they can provide significant energy savings in various industries, including power generation, industrial processes, etc. The heat exchanger market is highly competitive, with many manufacturers and suppliers operating globally. The market is anticipated to grow in the coming years due to the growth of several industrial sectors and the rising need for energy-efficient solutions. Key Industry Drivers Increasing demand for energy-efficient solutions: With rising energy costs and growing concerns about climate change, there is a growing requirement for energy-efficient solutions in various industries. Heat exchangers are crucial in improving energy efficiency and reducing energy consumption in industries such as chemical processing, oil and gas, HVAC, food and beverage, power generation, etc. The International Energy Agency (IEA) estimates that energy-efficient technologies, including heat exchangers, could save up to 40% of global energy consumption by 2040. In the US, the Department of Energy (DOE) reports that industrial energy consumption accounts for one-third of the country's total energy consumption and is projected to increase by 20% by 2040. To meet this demand, the DOE is promoting the adoption of energy-efficient technologies such as heat exchangers. Advancements in heat exchanger technology: The development of new materials, manufacturing techniques, and designs has led to the development of more compact, efficient, and cost-effective heat exchangers. These advancements have increased the demand for heat exchangers in various industries and expanded the range of applications where heat exchangers can be used. Government policies promoting energy conservation: Many governments worldwide have implemented policies promoting energy conservation and greenhouse gas reduction. These policies include incentives for the adoption of energy-efficient solutions, such as heat exchangers, in various industries. The European Union has set a target to minimize greenhouse gas emissions by at least 55% by 2030 compared to 1990. To achieve this goal, the EU has implemented policies promoting energy efficiency and renewable energy, including the Energy Performance of Buildings Directive, which requires member states to renovate existing buildings to improve energy efficiency. Heat exchangers are commonly used in buildings' heating, ventilation, and air conditioning (HVAC) systems, making them a key component in achieving these targets. Growing industrialization and urbanization: As economies grow and populations urbanize, there is an increasing demand for energy and resources. Heat exchangers are crucial in improving energy efficiency and reducing energy consumption in various industrial processes, making them essential components in many industries. Increasing awareness about the benefits of heat exchangers: As more industries adopt heat exchangers, there is growing awareness about their benefits, including improved energy efficiency, reduced energy consumption, and lower greenhouse gas emissions. This awareness drives demand for heat exchangers in various industries, including chemical processing, oil and gas, HVAC, food and beverage, and power generation. According to a survey by the International Copper Association, 90% of HVAC professionals believe that heat exchangers are critical in achieving energy efficiency in buildings. The survey also found that 73% of HVAC professionals consider heat exchangers a key factor in purchasing decisions. This awareness drives demand for heat exchangers in various industries, including HVAC, chemical processing, and food and beverage. Few Restraining Factors: High initial Cost: The initial cost of heat exchangers can be high, especially for advanced technologies such as compact heat exchangers. This can be a barrier for small and medium-sized enterprises that may not have the financial resources to invest in such technologies. Maintenance Costs: Heat exchangers require regular maintenance to ensure optimal performance, which can add to the overall cost of ownership. In industries such as chemical processing and oil and gas, where heat exchangers are subject to harsh operating conditions, maintenance costs can be particularly high. Availability of alternative technologies: Although heat exchangers are widely used in various industries, there are alternative technologies available that can achieve similar results. For example, heat pumps can be used instead of heat exchangers to transfer heat between two fluids in some applications. Limited use in some industries: While heat exchangers are widely used in industries such as chemical processing, power generation, and HVAC, they may have limited applications in other industries. Opportunities - Rapid Industrialization, New Nuclear Power Plant Projects Increasing demand for energy-efficient solutions: With energy costs rising, there is a growing demand for energy-efficient heat exchangers. This demand will likely increase as global energy demand grows, particularly in emerging economies. The International Energy Agency (IEA) states that global energy demand is expected to increase by nearly 25% by 2040. To meet this demand, there is a growing need for energy-efficient solutions, including heat exchangers that can help to limit the energy consumption and lower carbon emissions. Growing demand for HVAC systems: According to the US Department of Energy, HVAC systems account for 39% of the energy used in Commercial buildings in the United States. To reduce energy consumption and costs, there is a growing demand for energy-efficient HVAC systems, which can be achieved in part through the use of heat exchangers. Increasing demand for natural gas: According to the International Energy Agency, natural gas is expected to overtake coal as the world's second-largest energy source after oil by 2030. This growth presents an opportunity for heat exchangers to be used in natural gas processing, such as natural gas liquefaction for transport or storage. Use of heat exchangers in the chemical industry: According to the American Chemistry Council, with nearly $565 billion of sales generated in 2020, the US chemical industry is one of the major manufacturing sectors in the nation. Heat exchangers are used extensively in the chemical industry for distillation, condensation, and heat recovery processes. Increased demand for food and beverage processing: According to the United Nations, global food demand is expected to increase by 60% by 2050. This growth presents an opportunity for heat exchangers to be employed in food and beverage processing, such as pasteurization, sterilization, and cooling. Adoption of renewable energy in the heating and cooling sector: According to the European Commission, the heating and cooling sector accounts for half of the EU's final energy consumption. To reduce greenhouse gas emissions, there is a growing push to adopt renewable energy sources for heating and cooling, which could, in turn, drive demand for heat exchangers. Market Analysis Of Different Segments Covered in the Report Based on the Heat Transfer Mechanism Convection Conduction Radiation Based on Type Air-Cooled Shell and tube Microchannel Heat Exchanger Plate and Frame Brazed Plate & Frame Heat Exchanger Gasketed Plate & Frame Heat Exchanger Welded Plate & Frame Heat Exchanger Other types Based on Application Automotive Chemical HVAC Power Generation Oil and Gas Aerospace Regional Coverage Analysis North America United States of America Canada Rest of North America Europe United Kingdom Spain France Germany Italy Rest of Europe Asia-Pacific India China Japan Rest of Asia-Pacific LAMEA Mexico Argentina Brazil Saudi Arabia South Africa Rest of LAMEA Convection Heat Exchangers: In these heat exchangers, heat is transferred between fluids using the natural motion of the fluids due to convection. Heat transfer occurs due to the temperature difference between the two fluids and their natural motion. Conduction Heat Exchangers: Heat is transferred between fluids through a solid medium, which acts as a conductor in these heat exchangers. Heat transfer occurs due to the temperature difference between the two fluids and the conductive properties of the solid medium. While both heat exchangers have advantages and disadvantages, convection heat exchangers are more commonly used and have a larger share in the heat exchanger market. This is due to their ability to transfer heat over a larger surface area, making them more efficient and effective in heat transfer. Additionally, Convection heat exchangers have a simpler design and require less maintenance than conduction heat exchangers. The most popular type of heat exchanger is called a shell and tube heat exchanger, and it consists of a group of tubes encased in a shell. Shell and tube heat exchangers are adaptable and may be utilised in a variety of settings, such as chemical processing, power generation, and HVAC. Shell and tube heat exchangers has a market share of about 42%. Plate and frame heat exchangers consist of thin plates with corrugations that are stacked together and compressed between two end plates. They are commonly used in the food and beverage industry and for HVAC systems. Plate and frame heat exchangers accounted for the second-largest market share in 2020, with a share of approximately 25%. Air-cooled heat exchangers use ambient air to cool the process fluid. They are often used in applications where water is scarce or unavailable, such as in remote locations or the oil and gas industry. Air-Cooled heat exchangers accounted for the third-largest market share in 2020, with a share of approximately 20%. The Chemical industry is the major segment in terms of the market share of heat exchangers. The chemical segment accounted for the largest share of the global heat exchanger market, with a share of approximately 20%. It is also anticipated that the chemical segment will continue to hold the largest share between 2021 and 2026. The chemical industry involves various processes, such as distillation, absorption, and evaporation, which require efficient heat transfer. Heat exchangers are used in these processes to transfer heat between fluids and gases. The high demand for energy-efficient heat exchangers in the chemical industry can be attributed to the fact that the chemical industry is one of the largest energy users in many countries. According to the US Department of Energy's Office of Energy Efficiency and Renewable Energy, the chemical industry is one of the major energy users in the United States, accounting for about 28% of total industrial energy use. This indicates a high demand for energy-efficient heat exchangers in the Chemical industry. In addition to the chemical industry, other segments, such as HVAC and power generation, require heat exchangers for efficient heat transfer. For instance, heat exchangers are used in HVAC systems for heat transfer between air and refrigerants. In power generation, heat exchangers are used to cool steam and condense exhaust gases. The Asia-Pacific region is the major market for heat exchangers, with a significant market share. The growth of the heat exchanger market in the Asia-Pacific region can be attributed to the increasing demand for energy-efficient and high-performance heat exchangers in various industries, such as chemical, HVAC, and power generation. The Asia-Pacific region has the largest share of the global heat exchanger market, with a share of approximately 39%. The high requirement for heat exchangers in the Asia-Pacific region can be attributed to the rapid industrialization and urbanization in China, India, and Japan. These Countries are witnessing significant growth in various industries, such as chemical, oil and gas, and power generation, which require efficient heat transfer solutions. Heat Exchanger Market Report Coverage Forecast period 2021-2030 Market size value in 2021 $16.01 billion Revenue forecast in 2030 $25.5 billion CAGR 5.3 % Segmentation Based on the heat transfer mechanism Based on Type Based on Application Based on Geography Based on the heat transfer mechanism Convection Conduction Radiation Based on Type Air-Cooled Shell and tube Microchannel Heat Exchanger Plate and Frame Brazed Plate & Frame Heat Exchanger Gasketed Plate & Frame Heat Exchanger Welded Plate & Frame Heat Exchanger Other types By Application Automotive Chemical HVAC Power Generation Oil and Gas Aerospace By Geography North America Europe Asia Pacific Latin America Middle East Key players API Heat Transfer Inc. Kelvion Holding GmbH Alfa Laval AB Xylem Inc. Tranter Inc. Danfoss A/S GEA Group Aktiengesellschaft HRS Heat Exchangers Ltd. Koch Heat Transfer Company, L.P. Hisaka Works, Ltd. Global Heat Exchanger Market Competitive Landscape Analysis The competitive landscape study provides an insight into some significant market participants. The development of the industry has been aided by product innovation and ongoing R&D activities to manufacture sophisticated technologies. There are numerous prominent players in the Heat Exchanger Market, some of which are listed below: API Heat Transfer Inc. Kelvion Holding GmbH Alfa Laval AB Xylem Inc. Tranter Inc. Danfoss A/S GEA Group Aktiengesellschaft HRS Heat Exchangers Ltd. Koch Heat Transfer Company, L.P. Hisaka Works, Ltd. Recent Developments API Heat Transfer announced that it had acquired Basco Engineered Products, a manufacturer of heat transfer equipment for the chemical, petrochemical, and oil and gas industries. Thi acquisition is expected to strengthen API Heat Transfer's position in these industries and expand its product offerings. GEA Group announced that it had launched a new series of heat exchangers called the GEA NT Series. The NT Series is designed for use in the chemical, petrochemical, and energy industries and offers improved efficiency, flexibility, and durability compared to previous models. HRS Heat Exchangers announced that it had partnered with Ecolab Inc., a provider of water, hygiene, and energy technologies, to develop a new system for recovering energy from wastewater. The system uses HRS Heat Exchangers technology to recover heat from wastewater streams, which can be used to preheat water or other fluids. New products developed by important Companies Tranter, a global heat transfer technology company, has developed a new plate heat exchanger technology called Superchanger Pro, designed for use in various industries, such as chemical, oil and gas, and food and beverage. The Superchanger Pro features a unique plate design that allows for higher heat transfer efficiency and lower pressure drop compared to traditional plate heat exchangers. GEA, a global heat transfer solutions provider, has launched a new range of industrial heat exchangers called the GEA Tandem. The Tandem features a modular design that allows easy customization and assembly, making it a versatile solution for various industrial applications. Xylem, a leading water solutions provider, has introduced a new line of brazed plate heat exchangers called the XP Series. The XP Series features a compact design and high thermal efficiency, making it an ideal solution for heating and cooling applications in commercial and residential buildings. Frequently Asked Question About This Report For what time frame is this market being studied? The market is being studied for the period of 2021 to 2030. At what rate is the market for heat exchangers growing at? The market is growing at a CAGR 5.3 %. Which region is seeing the market for heat exchangers develop the quickest? The Asia-Pacific region is the major market for heat exchangers, with a significant market share. Which region holds the biggest market share for heat exchangers? The Asia-Pacific region has the largest share of the global heat exchanger market, with a share of approximately 39%. Who are the major market participants for heat exchangers? API Heat Transfer Inc., Kelvion Holding GmbH, Alfa Laval AB, Xylem Inc., Tranter Inc., Danfoss A/S, GEA Group Aktiengesellschaft, HRS Heat Exchangers Ltd., Koch Heat Transfer Company, L.P., Hisaka Works, Ltd. How big is the Heat Exchanger Market? The global heat exchanger market had a market size of approximately $16.01 billion in 2021, and it is anticipated to grow up to $25.5 billion by 2030. Sources https://heat-exchanger-world.com/category/featured-story/ https://www.process-heating.com/ https://www.epa.gov/ https://www.nist.gov/ https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions Table of Contents 1. EXECUTIVE SUMMARY 1.1. Market Attractiveness 1.2. Understanding the Target Customers 1.3. CXO perspective 1.4. Global Heat Exchangers Market, Historical Market Size & Future Projections Analysis 1.5. Global Heat Exchangers Market, By Heat Transfer Mechanism 1.6. Global Heat Exchangers Market, By Type 1.7. Global Heat Exchangers Market, By Application 1.8. Global Heat Exchangers Market, By Region 2. MARKET SHARE ANALYSIS 2.1. Top 10 Players with Revenue and Sales Volume 2.2. Market Share, 2022 3. SALES VOLUME (UNITS), NUMBER OF DEPLOYMENTS (UNITS), BY REGION 3.1. North America (United States, Canada) 3.2. Europe (UK, Germany, France, Netherlands, Italy, Spain, Benelux, Rest of Europe) 3.3. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC) 3.4. Africa 4. INVESTMENT OPPORTUNITIES IN THE MARKET 4.1. On Going Market Developments 4.2. Merger & Acquisition Trends 4.3. Key Investment Opportunities 4.4. Most Potential Product Segments from Growth and Investment Perspective 5. MARKET INTRODUCTION 5.1. Definition 5.2. Scope of the Study 5.3. Market Structure 5.4. Macro Factor Indicator Analysis 5.5. Key findings 5.5.1. Top investment pockets 6. RESEARCH METHODOLOGY 6.1. Research Process 6.2. Primary Research 6.3. Secondary Research 6.4. Market Size Estimation 6.5. Forecast Model 7. MARKET DYNAMICS 7.1. Introduction 7.2. Drivers 7.2.1. Change in the lifestyles of people across the globe 7.2.2. Surge in disposable income 7.3. Restraints 7.3.1. Large costs of maintenance 7.4. Opportunities 7.4.1. Growing demand for Cardiovascular and Strength Training in emerging markets 7.5. Challenges 7.6. Covid 19 Impact Analysis 8. GLOBAL HEAT EXCHANGERS MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS) 8.1. Overview 8.2. Global Heat Exchangers Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 8.3. Global Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 8.4. Global Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Heat Transfer Mechanism 8.4.1. Convection 8.4.2. Conduction 8.4.3. Radiation 8.5. Medical Heat Transfer Mechanisms and others Global Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Type 8.5.1. Air-Cooled 8.5.2. Shell and tube 8.5.3. Plate and Frame 8.5.4. Microchannel Heat Exchanger 8.5.5. Other types 8.6. Global Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 8.6.1. Automotive 8.6.2. Chemical 8.6.3. HVAC 8.6.4. Power Generation 8.6.5. Oil and Gas 8.6.6. Aerospace 8.7. Global Heat Exchangers Market Size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 8.7.1. North America 8.7.2. Asia Pacific 8.7.3. Europe 8.7.4. Latin America 8.7.5. Middle East 8.7.6. Africa 9. NORTH AMERICA HEAT EXCHANGERS MARKET ANALYSIS 9.1. Overview 9.2. North America Heat Exchangers Historical Market Size ($MILLION), Sales Volume, (2017 – 2021) 9.3. North America Heat Exchangers Market Size ($MILLION), Sales Volume and Forecasts (2022 – 2027) 9.4. North America Heat Exchangers Market Size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Heat Transfer Mechanism 9.4.1. Convection 9.4.2. Conduction 9.4.3. Radiation 9.5. North America Heat Exchangers Market Size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Type 9.5.1. Air-Cooled 9.5.2. Shell and tube 9.5.3. Plate and Frame 9.5.4. Microchannel Heat Exchanger 9.5.5. Other types 9.6. North America Heat Exchangers Market Size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 9.6.1. Automotive 9.6.2. Chemical 9.6.3. HVAC 9.6.4. Power Generation 9.6.5. Oil and Gas 9.6.6. Aerospace 9.7. North America Heat Exchangers Market Size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 9.7.1. USA 9.7.1.1. California 9.7.1.2. Texas 9.7.1.3. Florida 9.7.1.4. Pennsylvania 9.7.1.5. Illinois 9.7.1.6. North Carolina 9.7.1.7. Rest of the U.S. 9.7.2. Canada 9.7.3. Rest of North America 10. EUROPE HEAT EXCHANGERS MARKET ANALYSIS 10.1. Overview 10.2. Europe Heat Exchangers Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 10.3. Europe Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 10.4. Europe Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Heat Transfer Mechanism 10.4.1. Convection 10.4.2. Conduction 10.4.3. Radiation 10.5. Europe Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Type 10.5.1. Air-Cooled 10.5.2. Shell and tube 10.5.3. Plate and Frame 10.5.4. Microchannel Heat Exchanger 10.5.5. Other types 10.6. Europe Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 10.6.1. Automotive 10.6.2. Chemical 10.6.3. HVAC 10.6.4. Power Generation 10.6.5. Oil and Gas 10.6.6. Aerospace 10.7. Europe Global Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Region 10.7.1. Germany 10.7.2. UK 10.7.3. France 10.7.4. Spain 10.7.5. Italy 10.7.6. Benelux 10.7.7. Rest of Europe 11. ASIA PACIFIC HEAT EXCHANGERS MARKET ANALYSIS 11.1. Overview 11.2. Asia Pacific Heat Exchangers Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 11.3. Asia Pacific Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 11.4. Asia Pacific Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Heat Transfer Mechanism 11.4.1. Convection 11.4.2. Conduction 11.4.3. Radiation 11.5. Asia Pacific Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Type 11.5.1. Air-Cooled 11.5.2. Shell and tube 11.5.3. Plate and Frame 11.5.4. Microchannel Heat Exchanger 11.5.5. Other types 11.6. Asia Pacific Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 11.6.1. Automotive 11.6.2. Chemical 11.6.3. HVAC 11.6.4. Power Generation 11.6.5. Oil and Gas 11.6.6. Aerospace 11.7. Asia Pacific Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Region 11.7.1. China 11.7.2. Japan 11.7.3. Korea 11.7.4. India 11.7.5. Australia 11.7.6. Rest of APAC 12. AFRICA HEAT EXCHANGERS MARKET ANALYSIS 12.1. Overview 12.2. Africa Heat Exchangers Market Historical Market size ($MILLION), Sales Volume, (2017 – 2021) 12.3. Africa Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027) 12.4. Africa Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Heat Transfer Mechanism 12.4.1. Convection 12.4.2. Conduction 12.4.3. Radiation 12.5. Africa Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Type 12.5.1. Air-Cooled 12.5.2. Shell and tube 12.5.3. Plate and Frame 12.5.4. Microchannel Heat Exchanger 12.5.5. Other types 12.6. Africa Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Application 12.6.1. Automotive 12.6.2. Chemical 12.6.3. HVAC 12.6.4. Power Generation 12.6.5. Oil and Gas 12.6.6. Aerospace 12.7. Africa Heat Exchangers Market size ($MILLION), Sales Volume, and Forecasts (2022 – 2027), By Region 12.7.1. Latin America 12.7.2. Middle East 12.7.3. Africa 13. COMPANY PROFILES 13.1. API HEAT TRANSFER INC. 13.1.1. Company Overview 13.1.2. Company Snapshot 13.1.3. Operating business segments 13.1.4. Product offered and Revenue from Heat Exchangers Business 13.1.5. Key business performances, strategies and developments 13.2. KELVION HOLDING GMBH 13.2.1. Company Overview 13.2.2. Company Snapshot 13.2.3. Operating business segments 13.2.4. Product offered and Revenue from Heat Exchangers Business 13.2.5. Key business performances, strategies and developments 13.3. ALFA LAVAL AB 13.3.1. Company Overview 13.3.2. Company Snapshot 13.3.3. Operating business segments 13.3.4. Product offered and Revenue from Heat Exchangers Business 13.3.5. Key business performances, strategies and developments 13.4. XYLEM INC. 13.4.1. Company Overview 13.4.2. Company Snapshot 13.4.3. Operating business segments 13.4.4. Product offered and Revenue from Heat Exchangers Business 13.4.5. Key business performances, strategies and developments 13.5. TRANTER INC. 13.5.1. Company Overview 13.5.2. Company Snapshot 13.5.3. Operating business segments 13.5.4. Product offered and Revenue from Heat Exchangers Business 13.5.5. Key business performances, strategies and developments 13.6. DANFOSS A/S 13.6.1. Company Overview 13.6.2. Company Snapshot 13.6.3. Operating business segments 13.6.4. Product offered and Revenue from Heat Exchangers Business 13.6.5. Key business performances, strategies and developments 13.7. GEA GROUP AKTIENGESELLSCHAFT 13.7.1. Company Overview 13.7.2. Company Snapshot 13.7.3. Operating business segments 13.7.4. Product offered and Revenue from Heat Exchangers Business 13.7.5. Key business performances, strategies and developments 13.8. HRS HEAT EXCHANGERS LTD. 13.8.1. Company Overview 13.8.2. Company Snapshot 13.8.3. Operating business segments 13.8.4. Product offered and Revenue from Heat Exchangers Business 13.8.5. Key business performances, strategies and developments 13.9. KOCH HEAT TRANSFER COMPANY, L.P. 13.9.1. Company Overview 13.9.2. Company Snapshot 13.9.3. Operating business segments 13.9.4. Product offered and Revenue from Heat Exchangers Business 13.9.5. Key business performances, strategies and developments 13.10. HISAKA WORKS, LTD. 13.10.1. Company Overview 13.10.2. Company Snapshot 13.10.3. Operating business segments 13.10.4. Product offered and Revenue from Heat Exchangers Business 13.10.5. Key business performances, strategies and developments LIST OF TABLES 1. TABLE: MARKET FOR CARDIOVASCULAR, BY REGION, 2022-2027 (USD MILLION) 2. TABLE: MARKET FOR STRENGTH TRAINING, BY REGION, 2022-2027 (USD MILLION) 3. TABLE: MARKET FOR 3.5N, BY REGION, 2022-2027 (USD MILLION) 4. TABLE: MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 5. TABLE: MARKET FOR CONVECTION, BY REGION, 2022-2027 (USD MILLION) 6. TABLE: MARKET FOR CONDUCTION, BY REGION, 2022-2027 (USD MILLION) 7. TABLE: MARKET FOR RADIATION, BY REGION, 2022-2027 (USD MILLION) 8. TABLE: MARKET, BY TYPE, 2022-2027 (USD MILLION) 9. TABLE: MARKET FOR AIR-COOLED, BY REGION, 2022-2027 (USD MILLION) 10. TABLE: MARKET FOR SHELL AND TUBE, BY REGION, 2022-2027 (USD MILLION) 11. TABLE: MARKET FOR ECONOMICAL, BY REGION, 2022-2027 (USD MILLION) 12. TABLE: MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 13. TABLE: MARKET FOR AUTOMOTIVE, BY REGION, 2022-2027 (USD MILLION) 14. TABLE: MARKET FOR COMMERCIAL CUSTOMERS, BY REGION, 2022-2027 (USD MILLION) 15. TABLE: MARKET, BY REGION, 2022-2027 (USD MILLION) 16. TABLE: NORTH AMERICA MARKET, BY REGION, 2022-2027 (USD MILLION) 17. TABLE: NORTH AMERICA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 18. TABLE: NORTH AMERICA MARKET, BY TYPE, 2022-2027 (USD MILLION) 19. TABLE: NORTH AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 20. TABLE: USA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 21. TABLE: USA MARKET, BY TYPE, 2022-2027 (USD MILLION) 22. TABLE: USA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 23. TABLE: CALIFORNIA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 24. TABLE: CALIFORNIA MARKET, BY TYPE, 2022-2027 (USD MILLION) 25. TABLE: CALIFORNIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 26. TABLE: TEXAS MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 27. TABLE: TEXAS MARKET, BY TYPE, 2022-2027 (USD MILLION) 28. TABLE: TEXAS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 29. TABLE: FLORIDA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 30. TABLE: FLORIDA MARKET, BY TYPE, 2022-2027 (USD MILLION) 31. TABLE: FLORIDA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 32. TABLE: CANADA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 33. TABLE: CANADA MARKET, BY TYPE, 2022-2027 (USD MILLION) 34. TABLE: CANADA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 35. TABLE: MEXICO MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 36. TABLE: MEXICO MARKET, BY TYPE, 2022-2027 (USD MILLION) 37. TABLE: MEXICO MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 38. TABLE: REST OF NORTH AMERICA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 39. TABLE: REST OF NORTH AMERICA MARKET, BY TYPE, 2022-2027 (USD MILLION) 40. TABLE: REST OF NORTH AMERICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 41. TABLE: EUROPE MARKET, BY REGION, 2022-2027 (USD MILLION) 42. TABLE: EUROPE MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 43. TABLE: EUROPE MARKET, BY TYPE, 2022-2027 (USD MILLION) 44. TABLE: EUROPE MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 45. TABLE: GERMANY MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 46. TABLE: GERMANY MARKET, BY TYPE, 2022-2027 (USD MILLION) 47. TABLE: GERMANY MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 48. TABLE: FRANCE MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 49. TABLE: FRANCE MARKET, BY TYPE, 2022-2027 (USD MILLION) 50. TABLE: FRANCE MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 51. TABLE: UK MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 52. TABLE: UK MARKET, BY TYPE, 2022-2027 (USD MILLION) 53. TABLE: UK MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 54. TABLE: ITALY MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 55. TABLE: ITALY MARKET, BY TYPE, 2022-2027 (USD MILLION) 56. TABLE: ITALY MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 57. TABLE: SPAIN MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 58. TABLE: SPAIN MARKET, BY TYPE, 2022-2027 (USD MILLION) 59. TABLE: SPAIN MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 60. TABLE: REST OF EUROPE MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 61. TABLE: REST OF EUROPE MARKET, BY TYPE, 2022-2027 (USD MILLION) 62. TABLE: REST OF EUROPE MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 63. TABLE: ASIA PACIFIC MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 64. TABLE: ASIA PACIFIC MARKET, BY TYPE, 2022-2027 (USD MILLION) 65. TABLE: ASIA PACIFIC MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 66. TABLE: CHINA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 67. TABLE: CHINA MARKET, BY TYPE, 2022-2027 (USD MILLION) 68. TABLE: CHINA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 69. TABLE: INDIA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 70. TABLE: INDIA MARKET, BY TYPE, 2022-2027 (USD MILLION) 71. TABLE: INDIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 72. TABLE: JAPAN MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 73. TABLE: JAPAN MARKET, BY TYPE, 2022-2027 (USD MILLION) 74. TABLE: JAPAN MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 75. TABLE: KOREA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 76. TABLE: KOREA MARKET, BY TYPE, 2022-2027 (USD MILLION) 77. TABLE: KOREA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 78. TABLE: AUSTRALIA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 79. TABLE: AUSTRALIA MARKET, BY TYPE, 2022-2027 (USD MILLION) 80. TABLE: AUSTRALIA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 81. TABLE: REST OF ASIA PACIFIC MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 82. TABLE: REST OF ASIA PACIFIC MARKET, BY TYPE, 2022-2027 (USD MILLION) 83. TABLE: REST OF ASIA PACIFIC MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 84. TABLE: AFRICA MARKET, BY HEAT TRANSFER MECHANISM, 2022-2027 (USD MILLION) 85. TABLE: AFRICA MARKET, BY TYPE, 2022-2027 (USD MILLION) 86. TABLE: AFRICA MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 87. TABLE: KELVION HOLDING GMBH: COMPANY SNAPSHOT 88. TABLE: KELVION HOLDING GMBH: OPERATING SEGMENTS 89. TABLE: ALFA LAVAL AB: COMPANY SNAPSHOT 90. TABLE: ALFA LAVAL AB: OPERATING SEGMENTS 91. TABLE: XYLEM INC.: COMPANY SNAPSHOT 92. TABLE: XYLEM INC.: OPERATING SEGMENTS 93. TABLE: API HEAT TRANSFER INC.. COMPANY SNAPSHOT 94. TABLE: API HEAT TRANSFER INC.. OPERATING SEGMENTS 95. TABLE: TRANTER INC.: COMPANY SNAPSHOT 96. TABLE: TRANTER INC.: OPERATING SEGMENTS 97. TABLE: DANFOSS A/S: COMPANY SNAPSHOT 98. TABLE: DANFOSS A/S: OPERATING SEGMENTS 99. TABLE: GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT 100. TABLE: GEA GROUP AKTIENGESELLSCHAFT: OPERATING SEGMENTS 101. TABLE: HRS HEAT EXCHANGERS LTD.: COMPANY SNAPSHOT 102. TABLE: HRS HEAT EXCHANGERS LTD.: OPERATING SEGMENTS 103. TABLE: KOCH HEAT TRANSFER COMPANY, L.P.: COMPANY SNAPSHOT 104. TABLE: KOCH HEAT TRANSFER COMPANY, L.P.: OPERATING SEGMENTS 105. TABLE: HISAKA WORKS, LTD.: COMPANY SNAPSHOT 106. TABLE: HISAKA WORKS, LTD.: OPERATING SEGMENTS LIST OF FIGURES 1. Figure: Market: Research Methodology Steps 2. Figure: Research Design 3. Figure: Breakdown of Primaries: Market 4. Figure: Research Methodology: Hypothesis Building 5. Figure: Market: Product and Service-Based Estimation 6. Figure: Top 18 Companies with Highest No. Of Patent in Last 9 Years 7. Figure: Growth Strategies Adopted By the Key Players 8. Figure: Top 18 Companies with Highest No. Of Patent in Last 9 Years 9. Figure: Growth Strategies Adopted By the Key Players 10. Figure: No. of Patents Granted Per Year, 2022–2027 11. Figure: Data Triangulation Methodology 12. Figure: Dominating Market Share, By Heat Transfer Mechanism, 2022 vs. 2027 (USD MILLION) 13. Figure: Dominating Market Share, By Type, 2022 vs. 2027 (USD MILLION) 14. Figure: Dominating Market Share, By Application, 2022 vs. 2027 (USD MILLION) 15. Figure: Dominating Market Share, By Application, 2022 vs. 2027 (USD MILLION) 16. Figure: Geographical Snapshot of the Market 17. Figure: Shell and Tube Segment to Witness Higher CAGR in the Market for Type Segment during the Forecast Period. 18. Figure: Asia-Pacific Accounted for the Largest Share of the Market, By Regional Basis, in 2022 19. Figure: Market: Drivers, Restraints, Opportunities, and Challenges 20. Figure: North America: Market Snapshot 21. Figure: Asia Pacific: Market Snapshot 22. Figure: Europe: Market Snapshot 23. Figure: Latin America: Market Snapshot 24. Figure: Middle East: Market Snapshot 25. Figure: Africa: Market Snapshot 26. Figure: Vendor Dive: Evaluation Overview 27. Figure: Global Heat Exchangers: Competitive Benchmarking 28. Figure: Kelvion Holding GmbH: Financial Overview (2022-2027) 29. Figure: Alfa Laval AB: Financial Overview (2022-2027) 30. Figure: Xylem Inc.: Financial Overview (2022-2027) 31. Figure: API Heat Transfer Inc.. Financial Overview (2022-2027) 32. Figure: Tranter Inc.: Financial Overview (2022-2027) 33. Figure: Danfoss A/S: Financial Overview (2022-2027) 34. Figure: GEA Group Aktiengesellschaft: Financial Overview (2022-2027) 35. Figure: HRS Heat Exchangers Ltd.: Financial Overview (2022-2027) 36. Figure: Koch Heat Transfer Company, L.P.: Financial Overview (2022-2027) 37. Figure: Hisaka Works, Ltd.: Financial Overview (2022-2027)