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Heat Exchanger Market by Product Type ( Air Cooled, Shell & Tube, Plate & Frame) by End User ( Petrochemical, Oil & Gas, Chemical, Food & Beverage, Power Generation, Pulp & Paper) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2018

Number of pages: 116 | Report Code: PSMR- PSMR-20018 | Report Format : PDF

Report Coverage


Base Year


Historical Data


Forecast Data


Base Year Value (2021)

USD million

Forecast Value (2028)

USD million

CAGR (2022 to 2028)


Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Global Heat Exchanger Market is estimated to reach USD 27.16 billion by 2026, growing at a CAGR of 8.7 % between 2018 and 2026.  

Heat Exchanger is a device which transfer heat from one medium to another, a Hydraulic Oil Cooler or example will remove will remove heat from hot oil by using cold water or air. Similarly, a swimming pool Heat exchanger uses hot water from the boiler or solar heated water circuit to heat the pool water. Through the exchanger material heat is transferred which separate the mediums. Cool air passes through a core of fins passes to cool liquid in Air cooled heat exchanger. Fluids passes through and over tubes in case of A shell and tube heat exchanger. 

Heat Exchanger devices are segmented into three on the basis of product type as Air Cooled, Shell & Tube and Plate & frame. The tubes are positioned into the cylinder using a tube bundle or "tube stack" which can either have fixed tube plates which are permanently fixed to the body. Plate Heat exchanger also operates in a very similar way as shell and tube heat Exchanger which used series of stacked plates rather than tubes. This plate exchanger is usually brazed or gasket depending on application and fluids being used. Air Cooled Heat Exchanger has the large share in Global Heat Exchanger Market as Air Cooled Heat Exchangers used in vehicles mobile applications where no permanent cool water system is available. 

Heat Exchanger is widely applicable in industries such as Petrochemical, Oil & Gas, Chemical, Food & Beverage, Power Generation, Pulp & Paper. The inactive operation there are thousands of Heat exchangers are utilized in a wide range of Industrial applications Global Heat Exchanger market applies to different industrial sectors which include residential, commercial and industrial with industrial segment occupying the largest market share in Europe. Global Heat Exchanger market segmented based on constructive types such as tubular, plate type and extended surface. Availability of raw material and the price fluctuations are the main concern in the Global Heat Exchanger Market. 

Geographically Europe has the largest market share in Global Heat Exchanger Market. Asia Pacific countries such as China and India have tremendous growth in a recent year's due increase in growth of construction sectors and technological improvement will emerge the market growth across these developing countries. There are many market opportunities for the market such as technological improvement, especially in Eastern Europe. The Heat Exchanger Market is very competitive due to the presence of some key players in Global Market. A key player in Global Heat Exchanger are Schlumberger, AirpacBukom, Thrush, PURE Humidifier, Central States Industrial, Taco, Thermal Transfer System, Sussman Electric Boilers 

Heat Exchanger Market

Heat Exchanger Market: Product Type

  • Air Cooled
  • Shell & Tube
  • Plate & Frame

Heat Exchanger Market:Application

  • Petrochemical
  • Oil & Gas
  • Chemical
  • Food & Beverage
  • Power Generation
  • Pulp & Paper

Global Heat Exchanger Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Heat Exchanger Market:

  • Schlumberger
  • AirpacBukom
  • Thrush
  • PURE Humidifier
  • Central States Industrial
  • Taco
  • Thermal Transfer Systems
  • Sussman Electric Boilers

Geographical analysis of Heat Exchanger Market :

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Heat Exchanger Market Report delivers comprehensive analysis of :

  • Market Forecast for 2018-26
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis

Frequently Asked Questions (FAQ)

Heat Exchanger Market was valued at around USD million in 2021 & estimated to reach USD by 2028.

Heat Exchanger Market is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.

Yes, the report includes COVID 19 impact on the market.

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