1 INTRODUCTION 39
1.1 STUDY OBJECTIVES 39
1.2 MARKET DEFINITION 39
1.3 INCLUSIONS & EXCLUSIONS 40
TABLE 1 INCLUSIONS & EXCLUSIONS 40
1.4 MARKET SCOPE 40
FIGURE 1 HEAT EXCHANGERS: MARKET SEGMENTATION 40
1.4.1 YEARS CONSIDERED 41
1.5 CURRENCY CONSIDERED 41
1.6 UNITS CONSIDERED 41
1.7 LIMITATIONS 41
1.8 STAKEHOLDERS 42
1.9 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 43
2.1 IMPACT OF SLOWDOWN/RECESSION 43
2.2 RESEARCH DATA 43
FIGURE 2 HEAT EXCHANGERS MARKET: RESEARCH DESIGN 44
2.2.1 SECONDARY DATA 44
2.2.1.1 List of major secondary sources 45
2.2.1.2 Key data from secondary sources 45
2.2.2 PRIMARY DATA 45
2.2.3 PRIMARY SOURCES 46
2.2.3.1 Demand and supply sides 46
2.2.3.2 Key data from primary sources 46
2.2.3.3 Key industry insights 46
2.2.3.4 Breakdown of primary interviews 47
2.3 MARKET SIZE ESTIMATION 47
FIGURE 3 HEAT EXCHANGERS MARKET SIZE ESTIMATION 48
2.3.1 TOP-DOWN APPROACH 48
FIGURE 4 TOP-DOWN APPROACH 48
2.3.2 BOTTOM-UP APPROACH 49
FIGURE 5 BOTTOM-UP APPROACH 49
2.4 DATA TRIANGULATION 49
FIGURE 6 HEAT EXCHANGERS MARKET: DATA TRIANGULATION 50
2.5 ASSUMPTIONS 51
2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 51
2.6.1 SUPPLY SIDE 51
2.6.2 DEMAND SIDE 51
2.7 RISK ASSESSMENT 52
3 EXECUTIVE SUMMARY 53
FIGURE 7 SHELL & TUBE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF OVERALL HEAT EXCHANGERS MARKET 53
FIGURE 8 METALS TO BE LARGEST MATERIAL SEGMENT IN HEAT EXCHANGERS MARKET 54
FIGURE 9 ENERGY TO BE FASTEST-GROWING END-USE INDUSTRY OF HEAT EXCHANGERS DURING FORECAST PERIOD 54
FIGURE 10 ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD 55
4 PREMIUM INSIGHTS 56
4.1 EMERGING ECONOMIES TO WITNESS HIGHER DEMAND FOR HEAT EXCHANGERS 56
FIGURE 11 ASIA PACIFIC TO WITNESS HIGH GROWTH DURING FORECAST PERIOD 56
4.2 HEAT EXCHANGERS MARKET, BY TYPE 56
FIGURE 12 PLATE & FRAME TYPE SEGMENT TO LEAD HEAT EXCHANGERS MARKET DURING FORECAST PERIOD 56
4.3 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY 57
FIGURE 13 HVACR TO BE LARGEST END-USE INDUSTRY DURING FORECAST PERIOD 57
4.4 HEAT EXCHANGERS MARKET, BY COUNTRY 57
FIGURE 14 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 IMPACT OF RECESSION 58
5.3 MARKET DYNAMICS 59
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HEAT EXCHANGERS MARKET 59
5.3.1 DRIVERS 59
5.3.1.1 Increasing industrialization in emerging economies 59
5.3.1.2 Rising energy efficiency regulations and stringent emission standards 60
5.3.1.3 Growing demand for HVACR equipment from commercial construction industry 61
5.3.1.4 Rising demand for sustainable, low energy consumption, and cost-effective heat exchangers 61
5.3.2 RESTRAINTS 62
5.3.2.1 Fluctuations in prices of raw materials 62
5.3.2.2 Lack of awareness about energy efficiency of buildings 62
5.3.2.3 Sluggish growth of heat exchangers market in developed economies 62
5.3.3 OPPORTUNITIES 62
5.3.3.1 Increasing number of nuclear power plants 62
5.3.3.2 Growing aftermarket 63
5.3.4 CHALLENGES 63
5.3.4.1 Regulations pertaining to fluorinated greenhouse gases 63
5.3.4.2 Capital-intensive market 63
5.4 VALUE CHAIN ANALYSIS 64
FIGURE 16 OVERVIEW OF VALUE CHAIN OF HEAT EXCHANGERS MARKET 64
5.4.1 RAW MATERIAL SUPPLIERS 64
5.4.2 MANUFACTURERS 64
5.4.3 DISTRIBUTORS 65
5.4.4 END-USE INDUSTRIES 65
TABLE 2 HEAT EXCHANGERS MARKET: VALUE CHAIN STAKEHOLDERS 65
5.5 PORTER’S FIVE FORCE ANALYSIS 66
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: HEAT EXCHANGERS MARKET 66
5.5.1 THREAT OF SUBSTITUTES 66
5.5.2 BARGAINING POWER OF SUPPLIERS 67
5.5.3 THREAT OF NEW ENTRANTS 67
5.5.4 BARGAINING POWER OF BUYERS 67
5.5.5 INTENSITY OF COMPETITIVE RIVALRY 68
TABLE 3 HEAT EXCHANGERS: PORTER’S FIVE FORCES ANALYSIS 68
5.6 MACROECONOMIC INDICATORS 68
5.6.1 GLOBAL GDP TRENDS 68
TABLE 4 TRENDS OF PER CAPITA GDP (USD) 2020–2022 69
TABLE 5 GDP GROWTH ESTIMATE AND PROJECTIONS FOR KEY COUNTRIES, 2023–2027 70
5.6.2 OIL & GAS STATISTICS 71
TABLE 6 OIL PRODUCTION, BY COUNTRY, 2020–2021, THOUSAND BARRELS DAILY 71
5.6.3 POWER GENERATION STATISTICS 72
TABLE 7 POWER GENERATED IN KEY COUNTRIES, 2018 –2021, TERAWATT HOUR (TWH) 72
5.7 TARIFFS & REGULATIONS 73
5.7.1 REGULATIONS 73
5.7.2 NORTH AMERICA 73
5.7.3 EUROPE 74
5.7.4 ASIA PACIFIC 74
TABLE 8 HCFC CONSUMPTION REDUCTION SCHEDULE FOR FIVE NON-ARTICLE PARTIES 74
TABLE 9 HCFC CONSUMPTION REDUCTION SCHEDULE FOR ARTICLE FIVE PARTIES 75
TABLE 10 HCFC PRODUCTION REDUCTION SCHEDULE FOR NON-ARTICLE 5 PARTIES 75
TABLE 11 HCFC PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES 75
TABLE 12 HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR NON-ARTICLE 5 PARTIES 76
TABLE 13 HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES – GROUP 1 76
TABLE 14 HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES – GROUP 2 76
5.7.5 KIGALI AMENDMENT TO MONTREAL PROTOCOL 77
TABLE 15 REVISED HFC CONSUMPTION SCHEDULE FOR ALL PARTIES 77
TABLE 16 HFC CONSUMPTION SCHEDULE FOR PARTIES BEGINNING HFC PHASEDOWN FROM JANUARY 1, 2020 77
TABLE 17 REVISED HFC PRODUCTION SCHEDULE FOR ALL PARTIES 78
TABLE 18 HFC PRODUCTION SCHEDULE FOR PARTIES BEGINNING HFC PHASEDOWN FROM JANUARY 1, 2020 78
5.8 TECHNOLOGY ANALYSIS 79
5.8.1 NEW TECHNOLOGIES – HEAT EXCHANGERS 79
5.9 RAW MATERIAL ANALYSIS 80
5.9.1 COPPER 80
5.9.2 ALUMINUM 80
5.9.3 TITANIUM 80
5.9.4 NICKEL ALLOYS 80
5.10 TRADE ANALYSIS 81
5.10.1 IMPORT TRADE ANALYSIS 81
TABLE 19 REGION-WISE IMPORT TRADE (USD THOUSAND) 81
FIGURE 18 REGION-WISE IMPORT TRADE (USD THOUSAND) 81
5.10.2 EXPORT TRADE ANALYSIS 82
TABLE 20 REGION-WISE EXPORT TRADE (USD THOUSAND) 82
FIGURE 19 REGION-WISE EXPORT TRADE (USD THOUSAND) 82
5.11 ECOSYSTEM MAPPING 83
FIGURE 20 HEAT EXCHANGERS MARKET ECOSYSTEM 83
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 84
FIGURE 21 POWER GENERATION SECTOR TO DRIVE GROWTH 84
5.13 KEY CONFERENCES & EVENTS IN 2023–2024 84
TABLE 21 HEAT EXCHANGERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 84
5.14 KEY FACTORS AFFECTING BUYING DECISIONS 85
5.14.1 QUALITY 85
5.14.2 SERVICE 85
FIGURE 22 SUPPLIER SELECTION CRITERIA 86
5.15 CASE STUDY ANALYSIS 86
5.15.1 EXCHANGER INDUSTRY MEETS TIGHT SPECIFICATIONS FOR DAIRY HEAT EXCHANGERS 86
5.15.2 PASTEURIZATION ESSENTIAL FOR LITHUANIAN AD PLANT 87
5.16 PATENT ANALYSIS 87
5.16.1 INTRODUCTION 87
5.16.2 METHODOLOGY 88
5.16.3 DOCUMENT TYPE 88
FIGURE 23 PATENTS REGISTERED (2012 TO 2022) 88
5.16.4 PUBLICATION TRENDS – LAST 10 YEARS 88
FIGURE 24 NUMBER OF PATENTS DURING LAST 10 YEARS 88
5.16.5 INSIGHTS 89
5.16.6 JURISDICTION ANALYSIS 89
FIGURE 25 TOP JURISDICTIONS 89
5.16.7 TOP COMPANIES/APPLICANTS 90
FIGURE 26 TOP APPLICANTS’ ANALYSIS 90
TABLE 22 LIST OF PATENTS BY RAYTHEON TECHNOLOGIES CORPORATION 90
TABLE 23 LIST OF PATENTS BY DENSO CORPORATION 90
TABLE 24 LIST OF PATENTS BY MITSUBISHI ELECTRIC CORPORATION 91
TABLE 25 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 91
6 HEAT EXCHANGERS MARKET, BY MATERIAL 92
6.1 INTRODUCTION 93
FIGURE 27 METALS SEGMENT TO DOMINATE HEAT EXCHANGERS MARKET TILL 2028 93
TABLE 26 HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 94
TABLE 27 HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 95
6.1.1 METALS 95
6.1.1.1 Steel 96
6.1.1.1.1 Carbon steel 96
6.1.1.1.2 Stainless steel 96
FIGURE 28 STEEL PRICE ANALYSIS 96
6.1.1.2 Copper 97
6.1.1.3 Aluminum 97
6.1.1.4 Titanium 97
6.1.1.5 Nickel 97
6.1.1.6 Other metals 97
6.1.2 ALLOYS 97
6.1.2.1 Nickel alloys 98
6.1.2.1.1 Hastelloy alloys 98
6.1.2.1.2 Inconel alloys 98
6.1.2.1.3 Monel alloys 98
6.1.2.1.4 Other nickel alloys 98
6.1.2.2 Copper alloys 98
6.1.2.3 Titanium alloys 99
6.1.2.4 Other alloys 99
6.1.3 BRAZING CLAD MATERIALS 99
6.1.3.1 Copper brazing 99
6.1.3.2 Ni clad brazing 99
6.1.3.3 Phosphor copper brazing 99
6.1.3.4 Silver brazing 100
6.1.3.5 Other brazing clad materials 100
7 HEAT EXCHANGERS MARKET, BY TYPE 101
7.1 INTRODUCTION 102
FIGURE 29 SHELL & TUBE HEAT EXCHANGERS ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023 102
TABLE 28 HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 103
TABLE 29 HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 103
TABLE 30 HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 103
TABLE 31 HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 103
7.2 SHELL & TUBE HEAT EXCHANGERS 104
7.2.1 USE IN SYSTEMS WITH HIGH OPERATING TEMPERATURES AND PRESSURES 104
7.2.2 TUBULAR HEAT EXCHANGERS 104
7.2.3 FIXED TUBE HEAT EXCHANGERS 104
7.2.4 U-TUBE HEAT EXCHANGERS 105
7.2.5 FLOATING HEAD HEAT EXCHANGERS 105
7.3 PLATE & FRAME HEAT EXCHANGERS 105
7.3.1 WIDESPREAD INDUSTRIAL APPLICATIONS 105
7.3.2 GASKETED PLATE & FRAME HEAT EXCHANGERS 106
7.3.3 WELDED PLATE & FRAME HEAT EXCHANGERS 106
7.3.4 BRAZED HEAT EXCHANGERS 106
7.4 AIR COOLED HEAT EXCHANGERS 107
7.4.1 PRIMARILY USED IN CHEMICAL AND ENERGY INDUSTRIES 107
7.4.2 FORCED DRAFT HEAT EXCHANGERS 107
7.4.3 INDUCED DRAFT HEAT EXCHANGERS 107
7.5 OTHER TYPES 108
7.5.1 EXTENDED SURFACE HEAT EXCHANGERS 108
7.5.2 REGENERATIVE HEAT EXCHANGERS 108
8 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY 109
8.1 INTRODUCTION 110
FIGURE 30 CHEMICAL INDUSTRY TO LEAD HEAT EXCHANGERS MARKET TILL 2028 110
TABLE 32 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 111
TABLE 33 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 111
TABLE 34 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 111
TABLE 35 HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 112
8.2 CHEMICAL 112
8.2.1 APPLICATIONS IN CHEMICAL PROCESSES SUCH AS FERTILIZERS, AMMONIA, METHIONINE, ETHYL ACETATE, FATTY ACIDS, SILICONIZED PRODUCTS, AND OTHERS 112
8.2.2 BASE CHEMICALS 113
8.2.3 INTERMEDIATE CHEMICALS 113
8.2.4 SPECIALTY CHEMICALS 113
8.3 ENERGY 113
8.3.1 CRUCIAL EQUIPMENT IN ENERGY GENERATION 113
8.3.2 PETROCHEMICALS 114
8.3.3 OIL & GAS 114
8.4 HVAC AND REFRIGERATION 114
8.4.1 USE IN HVACR INDUSTRY FOR AIR CONDITIONING FOR RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL INFRASTRUCTURE 114
8.4.2 DISTRICT HEATING AND COOLING 115
8.4.3 AIR-CONDITIONING 115
8.4.4 COMMERCIAL REFRIGERATION 115
8.4.5 INDUSTRIAL REFRIGERATION 115
8.5 FOOD & BEVERAGE 116
8.5.1 RISING DEMAND FOR PROCESSED FOOD TO DRIVE MARKET 116
8.5.2 PROCESSED FOOD 116
8.5.3 DAIRY 116
8.5.4 SUGAR AND ETHANOL PRODUCTION 116
8.5.5 OTHERS 117
8.6 POWER 117
8.6.1 EFFORTS TO INCREASE ENERGY OUTPUT OF POWER PLANTS TO DRIVE USAGE OF HEAT EXCHANGERS 117
8.6.2 RENEWABLE 117
8.6.3 NON-RENEWABLE 117
8.7 PULP & PAPER 118
8.7.1 HEAT EXCHANGERS USED FOR WASTEWATER TREATMENT AND HEAT RECOVERY 118
8.8 OTHER END-USE INDUSTRIES 118
8.8.1 METALLURGICAL 118
8.8.2 WASTEWATER TREATMENT 119
8.8.3 MINING 119
9 HEAT EXCHANGERS MARKET, BY REGION 120
9.1 INTRODUCTION 121
FIGURE 31 HEAT EXCHANGERS MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 121
TABLE 36 HEAT EXCHANGERS MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 37 HEAT EXCHANGERS MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 38 HEAT EXCHANGERS MARKET, BY REGION, 2019–2022 (UNIT) 122
TABLE 39 HEAT EXCHANGERS MARKET, BY REGION, 2023–2028 (UNIT) 123
9.2 ASIA PACIFIC 123
9.2.1 IMPACT OF RECESSION 123
FIGURE 32 ASIA PACIFIC: HEAT EXCHANGERS MARKET SNAPSHOT 124
TABLE 40 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 124
TABLE 41 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 125
TABLE 42 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT) 125
TABLE 43 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT) 125
TABLE 44 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 126
TABLE 45 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 127
TABLE 46 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 127
TABLE 47 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 128
TABLE 48 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 128
TABLE 49 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 128
TABLE 50 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 129
TABLE 51 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 129
TABLE 52 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 129
TABLE 53 ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 130
9.2.2 CHINA 130
9.2.2.1 Rapid industrialization and flourishing end-use industries to boost market 130
TABLE 54 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 131
TABLE 55 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 131
TABLE 56 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 131
TABLE 57 CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 131
TABLE 58 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 132
TABLE 59 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 132
TABLE 60 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 132
TABLE 61 CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 133
9.2.3 JAPAN 133
9.2.3.1 Nuclear power, construction, and food & beverage industries to drive market 133
TABLE 62 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 134
TABLE 63 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 134
TABLE 64 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 134
TABLE 65 JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 134
TABLE 66 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 135
TABLE 67 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 135
TABLE 68 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 135
TABLE 69 JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 136
9.2.4 INDIA 136
9.2.4.1 Rapid industrialization in energy and power generation end-use industries to boost demand 136
TABLE 70 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 137
TABLE 71 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 137
TABLE 72 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 137
TABLE 73 INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 138
TABLE 74 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 138
TABLE 75 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 138
TABLE 76 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 139
TABLE 77 INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 139
9.2.5 SOUTH KOREA 139
9.2.5.1 Rising commercial construction to boost market 139
TABLE 78 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 140
TABLE 79 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 140
TABLE 80 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 140
TABLE 81 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 141
TABLE 82 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 141
TABLE 83 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 141
TABLE 84 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 142
TABLE 85 SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 142
9.2.6 REST OF ASIA PACIFIC 142
TABLE 86 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 143
TABLE 87 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 143
TABLE 88 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 143
TABLE 89 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 143
TABLE 90 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 144
TABLE 91 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 144
TABLE 92 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 144
TABLE 93 REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 145
9.3 NORTH AMERICA 145
9.3.1 IMPACT OF RECESSION 146
FIGURE 33 NORTH AMERICA: HEAT EXCHANGERS MARKET SNAPSHOT 146
TABLE 94 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 147
TABLE 95 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 147
TABLE 96 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT) 147
TABLE 97 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT) 147
TABLE 98 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 148
TABLE 99 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 149
TABLE 100 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 149
TABLE 101 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 150
TABLE 102 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 150
TABLE 103 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 150
TABLE 104 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 151
TABLE 105 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 151
TABLE 106 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 151
TABLE 107 NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 152
9.3.2 US 152
9.3.2.1 Automotive industry to drive demand for microchannel type heat exchangers 152
TABLE 108 US: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 153
TABLE 109 US: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 153
TABLE 110 US: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 153
TABLE 111 US: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 153
TABLE 112 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 154
TABLE 113 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 154
TABLE 114 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 154
TABLE 115 US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 155
9.3.3 CANADA 155
9.3.3.1 Growing food & beverage and oil & gas industries to boost market 155
TABLE 116 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 156
TABLE 117 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 156
TABLE 118 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 156
TABLE 119 CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 156
TABLE 120 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 157
TABLE 121 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 157
TABLE 122 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 157
TABLE 123 CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 158
9.3.4 MEXICO 158
9.3.4.1 Demand to be mainly driven by industrial processing and HVACR industries 158
TABLE 124 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 159
TABLE 125 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 159
TABLE 126 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 159
TABLE 127 MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 160
TABLE 128 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 160
TABLE 129 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 160
TABLE 130 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 161
TABLE 131 MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 161
9.4 EUROPE 162
9.4.1 IMPACT OF RECESSION 162
FIGURE 34 EUROPE: HEAT EXCHANGERS MARKET SNAPSHOT 163
TABLE 132 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 163
TABLE 133 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 164
TABLE 134 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT) 164
TABLE 135 EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT) 164
TABLE 136 EUROPE: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 165
TABLE 137 EUROPE: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 166
TABLE 138 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 166
TABLE 139 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 167
TABLE 140 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 167
TABLE 141 EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 167
TABLE 142 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 168
TABLE 143 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 168
TABLE 144 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 168
TABLE 145 EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 169
9.4.2 GERMANY 169
9.4.2.1 Rising demand for heat exchangers across end-use industries 169
TABLE 146 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 170
TABLE 147 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 170
TABLE 148 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 170
TABLE 149 GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 171
TABLE 150 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 171
TABLE 151 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 171
TABLE 152 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 172
TABLE 153 GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 172
9.4.3 FRANCE 172
9.4.3.1 Favorable growth of chemical and food & beverage industries to boost market 172
TABLE 154 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 173
TABLE 155 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 173
TABLE 156 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 174
TABLE 157 FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 174
TABLE 158 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 174
TABLE 159 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 175
TABLE 160 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 175
TABLE 161 FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 175
9.4.4 UK 176
9.4.4.1 Growing demand from commercial construction and automotive industries to boost market 176
TABLE 162 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 176
TABLE 163 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 177
TABLE 164 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 177
TABLE 165 UK: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 177
TABLE 166 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 178
TABLE 167 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 178
TABLE 168 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 178
TABLE 169 UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 179
9.4.5 ITALY 179
9.4.5.1 Rising demand from automotive and manufacturing industries to lead to market growth 179
TABLE 170 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 180
TABLE 171 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 180
TABLE 172 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 180
TABLE 173 ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 180
TABLE 174 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 181
TABLE 175 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 181
TABLE 176 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 181
TABLE 177 ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 182
9.4.6 RUSSIA 182
9.4.6.1 Growing end-use industries to boost demand for heat exchangers 182
TABLE 178 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 182
TABLE 179 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 183
TABLE 180 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 183
TABLE 181 RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 183
TABLE 182 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 184
TABLE 183 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 184
TABLE 184 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 184
TABLE 185 RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 185
9.4.7 TURKEY 185
9.4.7.1 Urbanization and industrialization to drive market 185
TABLE 186 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 186
TABLE 187 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 186
TABLE 188 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 186
TABLE 189 TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 186
TABLE 190 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 187
TABLE 191 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 187
TABLE 192 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 187
TABLE 193 TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 188
9.4.8 REST OF EUROPE 188
TABLE 194 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 188
TABLE 195 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 188
TABLE 196 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 189
TABLE 197 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 189
TABLE 198 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 189
TABLE 199 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 190
TABLE 200 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 190
TABLE 201 REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 190
9.5 MIDDLE EAST & AFRICA 191
9.5.1 IMPACT OF RECESSION 191
TABLE 202 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 191
TABLE 203 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 192
TABLE 204 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT) 192
TABLE 205 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT) 192
TABLE 206 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 193
TABLE 207 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 194
TABLE 208 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 194
TABLE 209 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 195
TABLE 210 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 195
TABLE 211 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 195
TABLE 212 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 196
TABLE 213 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 196
TABLE 214 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 196
TABLE 215 MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 197
9.5.2 SAUDI ARABIA 197
9.5.2.1 Rising commercial construction and HVAC industry to drive market 197
TABLE 216 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 198
TABLE 217 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 198
TABLE 218 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 198
TABLE 219 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 199
TABLE 220 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 199
TABLE 221 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 199
TABLE 222 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 200
TABLE 223 SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 200
9.5.3 QATAR 200
9.5.3.1 Oil & gas industry to contribute to significant rise in demand for heat exchangers 200
TABLE 224 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 201
TABLE 225 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 201
TABLE 226 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 201
TABLE 227 QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 201
TABLE 228 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 202
TABLE 229 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 202
TABLE 230 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 202
TABLE 231 QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 203
9.5.4 REST OF MIDDLE EAST & AFRICA 203
TABLE 232 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 203
TABLE 233 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 204
TABLE 234 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 204
TABLE 235 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 204
TABLE 236 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 205
TABLE 237 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 205
TABLE 238 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 205
TABLE 239 REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 206
9.6 SOUTH AMERICA 206
9.6.1 IMPACT OF RECESSION 207
TABLE 240 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 207
TABLE 241 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 207
TABLE 242 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT) 207
TABLE 243 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT) 207
TABLE 244 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 208
TABLE 245 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 209
TABLE 246 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 209
TABLE 247 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 210
TABLE 248 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 210
TABLE 249 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 210
TABLE 250 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 211
TABLE 251 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 211
TABLE 252 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 211
TABLE 253 SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 212
9.6.2 BRAZIL 212
9.6.2.1 Flourishing end-use industries to drive market 212
TABLE 254 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 213
TABLE 255 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 213
TABLE 256 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 214
TABLE 257 BRAZIL: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 214
TABLE 258 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 214
TABLE 259 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 215
TABLE 260 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 215
TABLE 261 BRAZIL: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 215
TABLE 262 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION) 216
TABLE 263 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION) 217
TABLE 264 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT) 217
TABLE 265 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT) 217
TABLE 266 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 218
TABLE 267 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 218
TABLE 268 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT) 219
TABLE 269 REST OF SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT) 219
10 COMPETITIVE LANDSCAPE 220
10.1 OVERVIEW 220
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 221
FIGURE 35 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022 221
10.3 MARKET EVALUATION FRAMEWORK 222
TABLE 270 MARKET EVALUATION FRAMEWORK 222
10.4 REVENUE ANALYSIS 223
TABLE 271 REVENUE ANALYSIS OF KEY COMPANIES (2019–2021) 223
10.5 RANKING OF KEY PLAYERS 223
FIGURE 36 RANKING OF TOP FIVE PLAYERS IN HEAT EXCHANGERS MARKET 223
10.6 MARKET SHARE ANALYSIS 224
FIGURE 37 HEAT EXCHANGERS MARKET SHARE, BY COMPANY (2022) 225
TABLE 272 HEAT EXCHANGERS MARKET: DEGREE OF COMPETITION 225
10.7 COMPANY EVALUATION MATRIX (TIER 1) 225
10.7.1 STARS 225
10.7.2 PERVASIVE PLAYERS 225
10.7.3 EMERGING LEADERS 226
10.7.4 PARTICIPANTS 226
FIGURE 38 HEAT EXCHANGERS MARKET: COMPANY EVALUATION MATRIX FOR TIER 1 COMPANIES, 2022 226
10.8 STRENGTH OF PRODUCT PORTFOLIO FOR TIER 1 COMPANIES, 2022 227
10.9 BUSINESS STRATEGY EXCELLENCE FOR TIER 1 COMPANIES, 2022 228
10.10 COMPANY EVALUATION MATRIX (STARTUPS AND SMES) 228
10.10.1 PROGRESSIVE COMPANIES 228
10.10.2 RESPONSIVE COMPANIES 228
10.10.3 STARTING BLOCKS 228
10.10.4 DYNAMIC COMPANIES 229
FIGURE 39 HEAT EXCHANGERS MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS AND SMES, 2022 229
10.11 STRENGTH OF PRODUCT PORTFOLIO (STARTUPS AND SMES) 230
10.12 BUSINESS STRATEGY EXCELLENCE (STARTUPS AND SMES) 231
10.13 COMPETITIVE BENCHMARKING 231
TABLE 273 DETAILED LIST OF COMPANIES 231
10.13.1 COMPANY TYPE FOOTPRINT 233
TABLE 274 OVERALL TYPE FOOTPRINT 233
10.13.2 COMPANY MATERIAL FOOTPRINT 234
TABLE 275 OVERALL MATERIAL FOOTPRINT 234
10.13.3 COMPANY END-USE INDUSTRY FOOTPRINT 235
TABLE 276 OVERALL END-USE INDUSTRY FOOTPRINT 235
10.13.4 COMPANY REGION FOOTPRINT 236
TABLE 277 OVERALL REGION FOOTPRINT 236
10.13.5 COMPANY FOOTPRINT 237
TABLE 278 OVERALL COMPANY FOOTPRINT 237
10.14 COMPETITIVE SCENARIOS 238
10.14.1 PRODUCT LAUNCHES/DEVELOPMENTS 238
TABLE 279 PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023 238
10.14.2 DEALS 240
TABLE 280 DEALS, 2018–2022 240
10.14.3 OTHERS 242
TABLE 281 OTHERS, 2018–2022 242
11 COMPANY PROFILES 244
(Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices, Weakness and competitive threats) *
11.1 KEY PLAYERS 244
11.1.1 ALFA LAVAL 244
TABLE 282 ALFA LAVAL: COMPANY OVERVIEW 244
FIGURE 40 ALFA LAVAL: COMPANY SNAPSHOT 245
TABLE 283 ALFA LAVAL: PRODUCT OFFERINGS 245
TABLE 284 ALFA LAVAL: PRODUCT LAUNCHES 249
TABLE 285 ALFA LAVAL: DEALS 250
TABLE 286 ALFA LAVAL: OTHERS 250
11.1.2 KELVION HOLDING GMBH 252
TABLE 287 KELVION HOLDING GMBH: COMPANY OVERVIEW 252
TABLE 288 KELVION HOLDING GMBH: PRODUCT OFFERINGS 252
TABLE 289 KELVION HOLDING GMBH: PRODUCT LAUNCHES 253
TABLE 290 KELVION HOLDING GMBH: DEALS 254
TABLE 291 KELVION HOLDING GMBH: OTHERS 254
11.1.3 DANFOSS 256
TABLE 292 DANFOSS: COMPANY OVERVIEW 256
FIGURE 41 DANFOSS: COMPANY SNAPSHOT 257
TABLE 293 DANFOSS: PRODUCT OFFERINGS 257
TABLE 294 DANFOSS: PRODUCT LAUNCHES 258
TABLE 295 DANFOSS: OTHERS 258
11.1.4 EXCHANGER INDUSTRIES LIMITED 260
TABLE 296 EXCHANGER INDUSTRIES LIMITED: COMPANY OVERVIEW 260
TABLE 297 EXCHANGER INDUSTRIES LIMITED: PRODUCT OFFERINGS 260
TABLE 298 EXCHANGER INDUSTRIES LIMITED: PRODUCT LAUNCHES 262
TABLE 299 EXCHANGER INDUSTRIES LIMITED: DEALS 262
11.1.5 MERSEN 264
TABLE 300 MERSEN: COMPANY OVERVIEW 264
FIGURE 42 MERSEN: COMPANY SNAPSHOT 265
TABLE 301 MERSEN: PRODUCT OFFERINGS 265
TABLE 302 MERSEN: DEALS 267
11.1.6 API HEAT TRANSFER 268
TABLE 303 API HEAT TRANSFER: COMPANY OVERVIEW 268
TABLE 304 API HEAT TRANSFER: PRODUCT OFFERINGS 268
11.1.7 BOYD CORPORATION 272
TABLE 305 BOYD CORPORATION: COMPANY OVERVIEW 272
TABLE 306 BOYD CORPORATION: PRODUCT OFFERINGS 272
TABLE 307 BOYD CORPORATION: DEALS 273
TABLE 308 BOYD CORPORATION: OTHER DEVELOPMENTS 273
11.1.8 H. GÜNTNER (UK) LIMITED 274
TABLE 309 H. GÜNTNER (UK) LIMITED: COMPANY OVERVIEW 274
TABLE 310 H. GÜNTNER (UK) LIMITED: PRODUCT OFFERINGS 274
TABLE 311 H. GÜNTNER (UK) LIMITED: DEALS 275
TABLE 312 H. GÜNTNER (UK) LIMITED: OTHERS 275
11.1.9 JOHNSON CONTROLS 276
TABLE 313 JOHNSON CONTROLS: COMPANY OVERVIEW 276
FIGURE 43 JOHNSON CONTROLS: COMPANY SNAPSHOT 276
TABLE 314 JOHNSON CONTROLS: PRODUCT OFFERINGS 277
TABLE 315 JOHNSON CONTROLS: PRODUCT LAUNCHES 277
11.1.10 XYLEM 278
TABLE 316 XYLEM: COMPANY OVERVIEW 278
FIGURE 44 XYLEM: COMPANY SNAPSHOT 279
TABLE 317 XYLEM: PRODUCT OFFERINGS 279
11.1.11 WABTEC CORPORATION 281
TABLE 318 WABTEC CORPORATION: COMPANY OVERVIEW 281
FIGURE 45 WABTEC CORPORATION: COMPANY SNAPSHOT 282
TABLE 319 WABTEC CORPORATION: PRODUCT OFFERINGS 282
TABLE 320 WABTEC CORPORATION: DEALS 285
TABLE 321 WABTEC CORPORATION: OTHERS 285
11.1.12 SPX FLOW 287
TABLE 322 SPX FLOW: COMPANY OVERVIEW 287
FIGURE 46 SPX FLOW: COMPANY SNAPSHOT 288
TABLE 323 SPX FLOW: PRODUCT OFFERINGS 288
11.1.13 LU-VE S.P.A. 291
TABLE 324 LU-VE S.P.A.: COMPANY OVERVIEW 291
FIGURE 47 LU-VE S.P.A.: COMPANY SNAPSHOT 292
TABLE 325 LU-VE S.P.A.: PRODUCT OFFERINGS 292
TABLE 326 LU-VE S.P.A: DEALS 293
TABLE 327 LU-VE S.P.A: OTHERS 293
11.1.14 LENNOX INTERNATIONAL INC. 295
TABLE 328 LENNOX INTERNATIONAL INC.: COMPANY OVERVIEW 295
FIGURE 48 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT 296
TABLE 329 LENNOX INTERNATIONAL INC: PRODUCT OFFERINGS 296
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices, Weakness and competitive threats might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS 298
11.2.1 AIR PRODUCTS INC. 298
TABLE 330 AIR PRODUCTS INC.: COMPANY OVERVIEW 298
11.2.2 BARRIQUAND TECHNOLOGIES THERMIQUES 299
TABLE 331 BARRIQUAND TECHNOLOGIES THERMIQUES: COMPANY OVERVIEW 299
11.2.3 BRASK, INC. 300
TABLE 332 BRASK, INC.: COMPANY OVERVIEW 300
11.2.4 CHART INDUSTRIES 301
TABLE 333 CHART INDUSTRIES: COMPANY OVERVIEW 301
11.2.5 DOOSAN CORPORATION 301
TABLE 334 DOOSAN CORPORATION: COMPANY OVERVIEW 301
11.2.6 FUNKE HEAT EXCHANGER APPARATEBAU 302
TABLE 335 FUNKE HEAT EXCHANGER APPARATEBAU: COMPANY OVERVIEW 302
11.2.7 HISAKA WORKS, LTD. 303
TABLE 336 HISAKA WORKS, LTD.: COMPANY OVERVIEW 303
11.2.8 HINDUSTAN DORR-OLIVER LTD. 304
TABLE 337 HINDUSTAN DORR-OLIVER LTD.: COMPANY OVERVIEW 304
11.2.9 KOCH HEAT TRANSFER COMPANY 304
TABLE 338 KOCH HEAT TRANSFER COMPANY: COMPANY OVERVIEW 304
11.2.10 RADIANT HEAT EXCHANGER PVT. LTD. 305
TABLE 339 RADIANT HEAT EXCHANGER PVT. LTD.: COMPANY OVERVIEW 305
11.2.11 SWEP INTERNATIONAL AB 305
TABLE 340 SWEP INTERNATIONAL AB: COMPANY OVERVIEW 305
11.2.12 THERMAX LIMITED 306
TABLE 341 THERMAX LIMITED: COMPANY OVERVIEW 306
11.2.13 SIERRA S.P.A. 306
TABLE 342 SIERRA S.P.A.: COMPANY OVERVIEW 306
11.2.14 VAHTERUS OY 307
TABLE 343 VAHTERUS OY: COMPANY OVERVIEW 307
12 APPENDIX 308
12.1 DISCUSSION GUIDE 308
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 311
12.3 CUSTOMIZATION OPTIONS 313
12.4 RELATED REPORTS 313
12.5 AUTHOR DETAILS 314
