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The "Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The heat exchangers market is projected to reach USD 22.59 billion by 2023 from USD 14.68 billion in 2018, at a CAGR of 9.0% from 2018 to 2023. The growth of manufacturing, chemical, and construction industries is driving the market for heat exchangers.

Shell & tube is the most widely used types of heat exchangers that accounted for the major share of the heat exchangers market in 2017. Shell & tube heat exchangers can manage fluids at high temperatures and pressures due to which they are preferred in a variety of applications such as chemical, petrochemical and oil & gas, food & beverage, and power generation.

Based on region, the heat exchangers market is segmented into Asia Pacific , North America , Europe , South America , and the Middle East & Africa . Currently, Europe is the largest market for heat exchangers. The region has huge installed plant capacities of heat exchangers. The heat exchangers market is also emerging in various countries such as China , India , Saudi Arabia , and Brazil due to increasing industrialization. The heat exchangers market is segmented on the basis of application into chemical, petrochemical and oil & gas, HVACR, food & beverage, power generation, pulp & paper, and others. Chemical was the largest application segment of the heat exchangers market in 2017, due to the increasing demand for heat exchangers from the chemical industries in China and the US. The HVACR segment is projected to be the fastest-growing application segment of the market between 2018 and 2023, in terms of value. This growth of this segment can be attributed to the rapidly growing construction industry and increased government investments in infrastructural projects. Some of the key players operating in the heat exchangers market include Alfa Laval (Sweden ), Kelvion Holdings (Germany), Danfoss (Denmark ), Xylem (US), API Heat Transfer (US), Gunter (Germany) , and Hindustan Dorr-Oliver (India ).

1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Significant Opportunities in the Heat Exchangers Market 4.2 Heat Exchangers Market, By Type 4.3 Heat Exchangers Market, By Application 4.4 Heat Exchangers Market in the APAC Region 4.5 Heat Exchangers Market, By Region 5 Market Overview 5.1 Introduction 5.1.1 Drivers 5.1.1.1 Surging Energy Prices 5.1.1.2 Rapid Industrial Expansions in the Developing Markets of APAC 5.1.1.3 Stringent Environmental Regulations 5.1.1.4 Increase in HVACR Deployments and Growth in Industrial Activities 5.1.1.5 Technological Advancements in the Heat Exchangers Market 5.1.2 Restraints 5.1.2.1 Slow Growth of the Market in Europe and North America 5.1.2.2 Lack of Awareness About Energy Efficiency in Buildings 5.1.3 Opportunities 5.1.3.1 Growing Demand for Nuclear Power Generation 5.1.3.2 Large Aftermarket for Heat Exchangers 5.1.4 Challenges 5.1.4.1 Fluorinated Greenhouse Gas Regulations 5.2 Porter's Five Forces 5.2.1 Threat of New Entrants 5.2.2 Threat of Substitutes 5.2.3 Bargaining Power of Buyers 5.2.4 Bargaining Power of Suppliers 5.2.5 Intensity of Competitive Rivalry 6 Macroeconomic Indicators 6.1 Introduction 6.2 Trends and Forecast of GDP 6.3 Chemical Industry 6.4 Energy Consumption Data, 2016 6.5 Crude Oil Production Data, 2016 6.5.1 Nuclear Energy 6.6 Steel Industry 7 Heat Exchangers Market, By Type 7.1 Introduction 7.2 Shell & Tube Heat Exchangers 7.2.1 Tubular Heat Exchangers 7.3 Plate & Frame Heat Exchangers 7.3.1 Gasketed Plate & Frame Heat Exchangers 7.3.2 Welded Plate & Frame Heat Exchangers 7.3.3 Brazed 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 Exchangers Market, By Application 8.1 Introduction 8.2 Chemical 8.2.1 Fine Chemicals & Pharmaceutical 8.3 Petrochemical and Oil & Gas 8.3.1 Oil & Gas Heater 8.4 HVACR 8.5 Food & Beverage 8.5.1 Sugar and Ethanol Production 8.5.2 Other Applications 8.6 Power Generation 8.7 Pulp & Paper 8.8 Others 9 Heat Exchangers Market, By Graphite 9.1 Introduction 9.2 Cubic Heat Exchangers 9.3 Graphite Block Heat Exchangers 9.4 Polytube Graphite Shell & Tube Block Heat Exchangers 10 Printed Circuit Heat Exchangers Market 10.1 Introduction 11 Heat Exchangers Market, By Region 11.1 Introduction 11.2 North America 11.3 APAC 11.4 Europe 11.5 Middle East & Africa 11.6 South America 12 Competitive Landscape 12.1 Overview 12.2 Market Ranking Analysis 12.3 Competitive Situations & Trends 12.3.1 Expansions 12.3.2 Acquisition 12.3.3 New Product Launches 12.3.4 Contracts and Agreements 13 Company Profiles 13.1 Alfa Laval 13.2 Kelvion Holdings 13.3 Danfoss 13.4 SPX Corporation and Godrej & Boyce Manufacturing 13.5 Xylem 13.6 API Heat Transfer 13.7 Guntner 13.8 Hindustan Dorr-Oliver 13.9 Hisaka Works 13.10 Johnson Controls International 13.11 Other Companies 13.11.1 Hrs Heat Exchangers 13.11.2 Modine Manufacturing Company 13.11.3 Sierra 13.11.4 Swep International 13.11.5 Mersen 13.11.6 Thermax Global 13.11.7 Koch Heat Transfer Company 13.11.8 Harsco Industrial Air-X-Changers 13.11.9 Barriquand Technologies 13.11.10 Funke Warmeaustauscher Apparatebau 13.11.11 Vahterus 13.11.12 Radiant Heat Exchanger 13.11.13 Doosan Corporation 13.11.14 Air Products and Chemicals 13.11.15 Thermofin

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