A heat exchanger is a device designed to efficiently exchange or transfer heat from one medium to another. The fluid used in heat exchangers can be water or oil. Heat exchangers play a major role in helping chemical, power, construction, pulp & paper, petrochemical, oil & gas, among other industries, to better manage operational efficiency, reduce energy consumption, and keep pace with the green trends. ____________ 1. Micro markets are the subsegments of the heat exchangers market included in the report. 2. Core competencies of the companies are determined in terms of their key developments and strategies to sustain their positions in the market.
Heat Exchangers
Buyers Guide
- Enterprise
- SME
- Startups
A heat exchanger is a device designed to efficiently exchange or transfer heat from one medium to another. The fluid used in heat exchangers to transfer heat can be water, steam, gas, or oil. Heat exchangers are used in chemical, energy, HVACR, food & beverages, power, pulp & paper, and several other industrial processes. Heat exchangers play a major role in helping these industries better manage operational efficiency, reduce energy consumption, and keep pace with energy efficiency trends. The different types of heat exchangers available in the market are shell & tube, plate & frame, and air-cooled heat exchangers.
The global heat exchangers market size is projected to reach USD 20 billion by 2024, at a CAGR of 6.0%. The demand for heat exchangers is mainly driven by the growth of end-use industries, such as HVACR, petrochemical, oil & gas, and chemical. Expansion of these industries across the developed and developing countries is fueling the consumption of heat exchangers. Another factor leading to growth opportunities for the heat exchangers marjet is the rising demand from nuclear power and the large aftermarket.
Rapid industrial expansion to drive the demand for heat exchangers
This report identifies and benchmarks the best heat exchanger manufacturers globally such as Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Gunter (Germany) and evaluates them on the basis of business strategy excellence and strength of product portfolio within the heat exchanger ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders (top companies), Dynamic Differentiators, Innovators, or Emerging companies.
The report includes market-specific company profiles of 23 best heat exchanger manufacturers and assesses the recent developments that shape the competitive landscape of this highly fragmented market. An in-depth analysis of the best heat exchanger manufacturers is done at a granular level to create this report.
This report identifies and benchmarks the best heat exchanger manufacturers globally such as Alfa Laval (Sweden), Kelvion Holdings (Germany), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Gunter (Germany) and evaluates them on the basis of business strategy excellence and strength of product portfolio within the heat exchanger ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders (top companies), Dynamic Differentiators, Innovators, or Emerging companies.
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