Global Heat Exchanger Market 2028: Players including Alfa Laval, Kelvion Holding, Exchanger Industries and Danfoss

 DUBLIN, June 9, 2023 /PRNewswire/ — “By type (shell and tube, plate and frame, air-cooled), application (chemical, power, HVACR, food and beverage, power, paper/cellulose) heat exchangers by category, Materials (Metals, Alloys and Brazed Composites) and Region – Global Forecast 2028″ has been added to ResearchAndMarkets.com’s offer.
       The global heat exchanger market is expected to reach US$29.0 billion by 2028, up from US$20.5 billion in 2023, at a CAGR of 7.1% over the forecast period.
       Demand for heat exchangers is growing in emerging markets due to increased awareness of energy efficient solutions and stringent government regulations regarding greenhouse gas and carbon dioxide emissions.
        In addition, the demand for heat exchangers is growing in developing countries such as Asia Pacific, South America, the Middle East and Africa due to the growth of industrialization and rapid urbanization, which increases the demand for HVACR equipment in commercial construction. This will drive the heat exchanger market during the forecast period.
       By 2028, the energy segment is estimated to be the fastest growing segment among other types of heat exchangers market.
       The energy sector, which includes the petrochemical and oil and gas industries, is expected to have the fastest CAGR during the global forecast period.
        Growing concerns about energy efficiency, sustainability and environmental regulations have created a need for heat exchangers in the energy sector. Moreover, the transition to sustainable and environmentally friendly methods stimulates the development of the biochemical and renewable petrochemical industry, which will increase the demand for heat exchangers in the energy sector.
       The alloy has excellent corrosion resistance, which is critical in heat exchangers using fluids of varying chemical composition and temperature.
        Corrosion-resistant alloys, such as nickel-based alloys, ensure the durability and reliability of heat exchange equipment, reducing maintenance requirements and downtime. Heat exchangers require materials that conduct heat efficiently to maximize heat transfer efficiency, and certain alloy compositions provide superior thermal conductivity for optimal performance.
       Europe is the largest region in the heat exchanger market in 2022 and Germany, France, Italy, Russia, Turkey and the UK are the top countries driving the heat exchanger market in Europe in terms of value.
        The region has a highly developed industrial sector, including power generation, oil and gas, chemical processing, HVAC (heating, ventilation and air conditioning) and automobile manufacturing among various industries that have a high demand for heat exchangers. Europe is placing great emphasis on energy efficiency and sustainability, driving demand for heat exchangers that can optimize energy use and reduce environmental impact.
        4 Premium Insights 4.1 Relatively Strong Demand for Heat Exchangers in Emerging Economies 4.2 Asia Pacific: Heat Exchanger Market by End-Use Industry and Country 4.3 Heat Exchanger Market by Type 4.4 Heat Exchanger Market by Material4. 5 Heat Exchangers Market by End Use Industry 4.6 Heat Exchangers Market by Country
        5. Market overview. .4 Buyer Bargaining Ability 5.4.5 Intensity of Competition 5.5 Value Chain Analysis 5.6 Macroeconomic Indicators 5.7 Tariff Policies and Regulations 5.8 Case Studies 5.9 Technology Analysis 5.10 Ecosystem Mapping 5.11 Trade Analysis 5.12 Important Meetings and Events 2023-2024 5.13 Key purchase factors Decision 5.13.1 Quality 5.13.2 Service 5.14 Patent review
        6 Heat Exchanger Market by Material 6.1 Introduction 6.2 Metal 6.2.1 Steel 6.2.1.1 Carbon Steel 6.2.1.2 Stainless Steel 6.2.2 Copper 6.2.3 Aluminum 6.2.4 Titanium 6.2.5 Nickel 6.2.6 Others 6.3 Alloy 6.3.1 Nickel Alloy 6.3.1.1 Hastelloy 6.3.1.2 Inconel 6.3.1.3 Monel 6.3.1.4 Other 6.3.2 Copper alloy 6.3.3 Titanium alloy 6.3.4 Other alloy 6.4 Solder Composite material 6.4.1 Copper solder 6.4.2 Nickel solder 6.4. 3 Phosphor copper soldering 6.4.4 Silver soldering 6.4.5 Other
       7 Heat Exchanger Market by Type 7.1 Introduction 7.2 Shell and Tube Heat Exchangers 7.3 Plate and Frame Heat Exchangers 7.4 Air Cooled Heat Exchangers 7.5 Others 7.5.1 Extended Surface Heat Exchangers 7.5.2 Regenerative Heat Exchangers
       8 Heat exchanger market by end-use industry 8.1 Introduction 8.2 Chemical industry 8.3 Energy 8.4 HVAC and refrigeration 8.5 Food and beverage 8.6 Power generation 8.7 Pulp and paper 8.8 Other 8.8.1 Metallurgy 8.8.2 Wastewater treatment 8.8.3 Mining
        10 Competitive Landscape 10.1 Overview 10.2 Strategies Adopted by Key Players 10.3 Market Scoring System 10.4 Company Revenue Analysis 10.5 Market Share/Key Player Ranking 10.6 Company Scoring Matrix 10.6.1 Stars 10.6.2 Ordinary Players 10.6.3 New Leaders 10.6 4 Members 10.7 Product Strength Tier 1 Company Portfolio 10.8 Tier 1 Company Excellenc