Global Heat Exchangers Market to Reach US$22.1 Billion by the Year 2026

Abstract: Global Heat Exchangers Market to Reach US$22. 1 Billion by the Year 2026 . Heat exchangers are devices that transfer heat energy from one fluid/gas to another fluid/gas without mixing the two.

New York, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Heat Exchangers Industry" - https://www.reportlinker.com/p098251/?utm_source=GNW
The heat exchangers market is anticipated to receive a boost from industrialization and increasing use of heating, ventilation, and air conditioning systems (HVAC) for optimal utilization of the equipment. The need to refurbish HVAC systems is expected to drive the use of cooling equipment and heat exchangers in the residential sector. The market growth is facilitated by technological advances and increasing adoption of heat transfer equipment for heat recovery, process cooling and condensation applications. While consistent demand from various end-use industries such as energy and petroleum is likely to boost adoption, the requirement to control temperatures in manufacturing units is poised to impel heat exchanger demand. On the other hand, stringent regulations curb carbon emissions as a result of rising concerns over environment and air pollution are likely to present new growth opportunities. The market growth is also driven by the need for centralized heating systems in residential and commercial segments along with global warming and the resulting change in weather conditions. Increasing investments by various companies for improving the commercial infrastructure is expected to create huge growth opportunities for heat exchanger providers.

Amid the COVID-19 crisis, the global market for Heat Exchangers estimated at US$16.4 Billion in the year 2020, is projected to reach a revised size of US$22.1 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Shell & Tube Heat Exchangers, one of the segments analyzed in the report, is projected to grow at a 4.2% CAGR to reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cooling Towers segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 20.8% share of the global Heat Exchangers market. The shell & tube heat exchanger market is driven by increasing adoption of sophisticated equipment across the pharmaceutical, power generation and petrochemical industries owing to their superior corrosion-resistance and energy efficiency. Cooling towers are defined as open water re-circulation devices that use natural draft or fans to extract or push air to cool water through evaporation. Environmental concerns will expedite the markets` adoption of energy efficient products like closed circuit cooling towers. New innovations and updates to product standards are continuously being made in attempts to enhance the performance, energy efficiency and eco-friendliness of cooling towers.

The U.S. Market is Estimated at $3.8 Billion in 2021, While China is Forecast to Reach $3.7 Billion by 2026

The Heat Exchangers market in the U.S. is estimated at US$3.8 Billion in the year 2021. The country currently accounts for a 22.56% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$3.7 Billion in the year 2026 trailing a CAGR of 6.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$4 Billion by the year 2027. Europe dominates market growth driven by stringent regulations and ambitious plans to conserve energy and reduce carbon emissions. These regulations are driving member states in the region to promote energy-efficient products to curb carbon emissions and their impact on the environment. The European market is also benefitting from increasing adoption of heat exchangers in the oil & gas industry along with consistent focus of various players on research activities to develop new products to satiate consumer needs. The North American market is driven by strong contribution from the US and Mexico. While the former remains the leading market in the region, the latter is gaining from rapid urbanization and expansion of mechanical activities, creating strong demand for heat exchangers. Growth in the Asia-Pacific region is supported by growing industrial operations in developing regions such as India and China.

Air Coolers Segment to Reach $3.9 Billion by 2026

Air coolers use atmospheric air to cool and condense fluids. There is an increased interest in air coolers as a cost effective, alternative to cooling towers. The chronic shortage of freshwater is expected to become intense in the coming years, a factor that will help drive growth in the air coolers market. In the global Air Coolers segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$400.9 Million by the year 2026.


Select Competitors (Total 675 Featured)

• Air Products and Chemicals, Inc.

• Alfa Laval AB

• API Heat Transfer

• Balcke-Dürr GmbH

• Barriquand Technologies Thermiques

• Danfoss A/S

• Doosan Corporation

• Enerquip, LLC

• FUNKE Wärmeaustauscher Apparatebau GmbH

• Güntner U.S. LLC

• Hamon Group

• HISAKA WORKS, LTD.

• HRS Heat Exchangers Ltd.

• Johnson Controls International

• Kelvion Holding GmbH

• Koch Heat Transfer Company, LP

• McDermott International, Ltd.

• Mersen SA

• SmartHeat Inc.

• SPX Cooling Technologies, Inc.

• SPX FLOW, Inc.

• SWEP International AB

• Tranter, Inc.

• Vahterus Oy

• Xylem Inc.

Read the full report: https://www.reportlinker.com/p098251/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Weak Global Economic Environment Dents Market Prospects
EXHIBIT 2: Business Climate Indicator in the Euro Area for the
Period September 2020 to August 2021
HVAC Systems with Filtration: Relevant Answer to Tough COVID-19
Test
Heat Exchangers and Boilers to Play Crucial Role amid COVID-19
Pandemic
The Crisis Opens Floodgates of Real Opportunities for Steam &
Boiler Industry
An Introduction to Heat Exchangers
Product Groups
Product Types and Segments
End-Use Market: A Brief Note
Key End-Use Industries for Heat Exchangers
Heat Exchangers: The Most Important & Ubiquitous Process
Equipment in Industries
Global Heat Exchangers Market: Overview and Outlook
Playing Instrumental Role in Numerous Industries
Sophisticated Design Options for Next-Generation, Eco-Friendly
Heat Exchangers
3D Printing Unfolds Exciting Design Opportunities for Heat
Exchangers
Segment Overview: Growing Need for Advanced Equipment Augurs
Well for Shell & Tube Heat Exchanger Market
Strong Demand from End-Use Verticals Enables Heat Exchanger
Market to Maintain Positive Trajectory in Long Term
Chemical Industry Commands Major Share
Oil & Gas Remains Major Application Segment for Heat Exchangers
Regional Analysis: Europe Secures Commanding Position in Global
Heat Exchanger Market
EXHIBIT 3: World Heat Exchangers Market (2021 & 2027):
Percentage Breakdown of Sales for Developed and Developing
Regions
EXHIBIT 4: World Heat Exchangers Market - Geographic Regions
Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin
America, Rest of World, USA, Canada, Europe, and Japan
Competitive Scenario
HVAC Companies Adapt Strategies to Navigate Unsettling Phase of
COVID-19
EXHIBIT 5: Leading Players in the Global Plate Heat Exchangers
Market (2020): Percentage Share Breakdown of Revenues for Alfa
Laval and Others
EXHIBIT 6: Leading Players in the Global Compact Heat
Exchangers Market (2020): Percentage Value Breakdown by
Company
Recent Market Activity
Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Sustained Focus on Energy Efficiency in Modern Industrial
Environments to Rev Up Opportunities for Heat Exchangers
EXHIBIT 7: Growing Popularity of Energy Audits to Help Identify
Saving Opportunities & the Resulting Increased Spending on
Energy Efficiency to Benefit Demand for Energy Efficient Heat
Exchangers: Global Investments in Energy Efficiency (In US$
Billion) for the Years 2016 and 2019 by Region
EXHIBIT 8: Undeniable Productivity Benefits of Industrial
Energy Efficiency Measures to Spur the Commercial Value of
Energy Efficient Heat Exchangers: Global Investments in
Energy Efficiency (In US$ Billion) for the Years 2016 and
2019 by Industry
Energy Efficiency & Cost Savings Step Up Market Opportunities
for Compact Heat Exchangers
Energy Efficiency Benefits Drive Migration from Shell & Tube to
Plate Heat Exchangers
Despite Slowdown in Demand, Chemical Industry to Remain the
Dominant Consumer of Heat Exchangers
EXHIBIT 9: Projected Stability in Capital Spending in the
Chemical Industry Provides Opportunities for New and
Replacement Demand for Heat Exchangers: CAPEX in the World
Chemical Industry (In US$ Billion) for the Years 2018, 2021
and 2023
EXHIBIT 10: World Chemical Industry Revenues (in %) by Segment
for the Year 2021
Critical Role of Heat Exchangers in the Power Generation/
Utilities Sector Augurs Well
Continued Dominance of Coal & Move to Clean Coal Technologies
to Drive the Importance of Heat Exchangers in Enabling Plant
Efficiency & Emission Reduction
EXHIBIT 11: Focus on Heat Recovery & Utilization of Sensible
and Latent Heat from Flue Gas to Drive the Value of Heat
Exchangers in Coal Fired Power Plants Against the Backdrop of
Robust Outlook for Clean Coal Power: Global Thermal Power
Generated from Coal (In Billion Kilowatt-hours) by Region
for the Years 2018 and 2024
Focus on Renewable Energy: A Double Win for Heat Exchangers in
the Energy Sector
EXHIBIT 12: Targets for Electricity Production from Renewable
Energy Sources in Select Countries
EXHIBIT 13: Leading Countries with Renewable Energy as % of
total Energy
EXHIBIT 14: Robust Outlook for Renewables to Echo Downstream
Into the Heat Exchangers Market: World Renewable Energy
Production (In Billion Kilowatt Hours) by Energy Source for
the Years 2017, 2020, 2030 and 2040
Expected Revival of Nuclear Energy to Drive Opportunities in
the Heat Exchangers Market
EXHIBIT 15: With Over 500 Operational & Under Construction
Nuclear Reactors, Demand for Heat Exchangers in Nuclear Power
Plants is Poised for Growth in the Medium to Long Term
Period: Global Number of Nuclear Reactors in Operation &
Under Construction (In Units) by Geographic Region for the
Year 2018
Volatile Oil Prices Revive the Emphasis on Productivity &
Capital Efficiency in O&G Industry
EXHIBIT 16: As Oil Companies Scramble to be Better Prepared for
the Next Price Crash, Innovative Heat Exchangers Capable of
Providing Value Via Production Improvements & Efficiencies
Will be the Only Ones to Gain in the Volatile Market
Environment: Global Prices of Brent Crude (In US$ Per
Barrel) for the Years 2012 through 2021
Structural Shocks & the Ensuing Permanent Break in Oil Prices
to Push Demand for Underwater Heat Exchangers
Medley of Factors Dole Out Challenges & Opportunities in Equal
Measure for the Global Oil Refining Market
EXHIBIT 17: With Growth Skewed Towards Alternative Liquid
Fuels, Oil Refineries Face a High Risk Exposure as the Oil
Shake Up Marks the Transition Towards a Low Carbon Economy:
Global Liquid Fuel Cumulative Demand Growth (In ?000 Barrels
per Day) by Type for the Years 2018, 2021 & 2023
Healthy Market for Processed Food to Benefit Demand for Heat
Exchangers in the Food Processing Sector
EXHIBIT 18: As the Hidden Workhorses of Heating and Cooling in
the Food & Beverage Industry, Demand for Heat Exchangers
Benefits from the Growing Demand for Packaged Food: World
Retail Market for Food & Beverages (in US$ Trillion) for the
Years 2019 & 2023
Plate Heat Exchangers Struggle with Poor Maintenance & Low
Utilization Rates in Food Industry
Transformative Heat Exchanger Technology Bonanza for Dairy
Processing Industry
Stringent Wastewater Treatment Laws Provide Fertile Ground for
Heat Exchanger Sales
EXHIBIT 19: Growing Industrial Effluent Discharge Coupled With
the Massive Water Reuse Opportunity Provided by the Emerging
Circular Economy Offers Lucrative Opportunities for Heat
Exchangers in the Wastewater Treatment Industry: Volume of
Industrial Wastewater Generated in the U.S & Europe (In 000
m3 (Cubic Meters)) for the Year 2018
Shortage of Freshwater Spurs Land Based Use of Seawater Heat
Exchangers
EXHIBIT 20: Declining Freshwater Availability Throws the
Technology Focus on Seawater Heat Exchangers: Per Capita
Availability of Water in Select Countries (In ’000 m3) for
Years 1975, 2000 & 2025
Water Shortages to Drive Demand for Air Coolers
Heat Exchangers Find Increased Acceptance in Marine Industry
Heat Exchangers Remain Critical Elements of Modern Data Centers
Mining Industry Trends Continue to Discourage Heat Exchangers
Market
EXHIBIT 21: Labor Presents the Most Significant Downside Risk
for the Mining Industry in the Form of Increased Production
Costs: Production Cost Breakdown of Mining Projects (In %)
for the Year 2020
Innovations in Cooling Tower Design and Technology Crucial to
Future Market Growth
Supportive Innovative Technologies of Heat Exchangers
Artificial Intelligence (AI) Makes Its Revolutionary Presence
Felt in the Heat Exchangers Market
EXHIBIT 22: Growing Prominence of Robotic & Intelligent Process
Automation in the Era of Smart Factories to Drive the
Commercial Value of AI Based Heat Exchanger Control &
Monitoring: Global Spending on Robotic Process Automation &
Intelligent Process Automation (In US$ Million) for the
Years 2016, 2018, 2020 and 2022
Next-generation Factory Assembled Cooling Towers to Positively
Impact Bottom Line of HVAC and Industrial Processes
Advancements in Plume Abatement Technologies and Drift
Eliminators Address Environmental Concerns to Drive Healthy
Demand
New Design and Material Innovations Increase Cooling Efficiency
Innovation in Heat Exchanger Flow Patterns, Fins & Grooves
Infuse Vigor in the Market
R&D Focus on Material Science Helps Leverage Benefits of Newer
Raw Materials
Select Innovations
Focus on Intelligent Maintenance & Continuous Monitoring of
Heat Exchangers Drives Opportunities for Replacement Demand
A Note on Industry Standards and Codes
Duct Cleaning and Air Conditioning Do Not Affect COVID-19
Transmission
Trends Linked to Heat Exchanger Technology Set New Standards in
Energy Efficiency
Issues & Challenges
F-Gas Regulations
Low Awareness about Benefits of Building Energy Efficiency
Pricing and Distribution
Pricing Behavior by Product Segment
Steel as Raw Material Dominates
Pricing Behavior by End-Use Segment

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Heat Exchangers by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 2: World Historic Review for Heat Exchangers by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Heat Exchangers by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for Shell & Tube Heat
Exchangers by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Shell & Tube Heat Exchangers
by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Shell & Tube Heat
Exchangers by Geographic Region - Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America and Rest of World for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for Cooling Towers by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Cooling Towers by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 9: World 15-Year Perspective for Cooling Towers by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Air Coolers by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Air Coolers by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 12: World 15-Year Perspective for Air Coolers by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for Gasketed PHE by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Gasketed PHE by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 15: World 15-Year Perspective for Gasketed PHE by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Welded PHE by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Welded PHE by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 18: World 15-Year Perspective for Welded PHE by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Brazed PHE by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Brazed PHE by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 21: World 15-Year Perspective for Brazed PHE by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Other Product
Segments by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Other Product Segments by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Other Product Segments
by Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 25: World Current & Future Analysis for Chemicals by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 26: World Historic Review for Chemicals by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 27: World 15-Year Perspective for Chemicals by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2012, 2021 & 2027

Table 28: World Current & Future Analysis for HVAC &
Refrigeration by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 29: World Historic Review for HVAC & Refrigeration by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 30: World 15-Year Perspective for HVAC & Refrigeration by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 31: World Current & Future Analysis for Oil & Gas by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 32: World Historic Review for Oil & Gas by Geographic
Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets - Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR

Table 33: World 15-Year Perspective for Oil & Gas by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America and Rest of
World for Years 2012, 2021 & 2027

Table 34: World Current & Future Analysis for Power Generation
by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 35: World Historic Review for Power Generation by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 36: World 15-Year Perspective for Power Generation by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 37: World Current & Future Analysis for Food & Beverage
by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 38: World Historic Review for Food & Beverage by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 39: World 15-Year Perspective for Food & Beverage by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 40: World Current & Future Analysis for Other End-Uses by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 41: World Historic Review for Other End-Uses by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 42: World 15-Year Perspective for Other End-Uses by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
COVID-19 Pandemic Impacts Heat Exchangers Market
Glimmer of Hope in the HVAC Market amid Crippling Impact of
COVID-19
Increased Awareness to Spur Demand for Energy Efficient Heat
Exchangers
Shale Gas Revolution: A Fundamental Driver of Growth in the Use
of Heat Exchangers in Liquefaction Plants
EXHIBIT 23: Annual Production of Shale Gas (In Trillion Cubic
Feet) in the United States (2015, 2016, 2017, 2020, 2030, 2040 &
2050): A Measure of Addressable Opportunity for Exchangers
in Heat Recovery Applications in Shale Gas Processing
Wet Cooling Towers Dominate the Cooling Tower Market
Opportunities Exist for New Entrants in HVAC&R Heat Exchangers
Market
Market Analytics
Table 43: USA Current & Future Analysis for Heat Exchangers by
Product Segment - Shell & Tube Heat Exchangers, Cooling Towers,
Air Coolers, Gasketed PHE, Welded PHE, Brazed PHE and Other
Product Segments - Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 44: USA Historic Review for Heat Exchangers by Product
Segment - Shell & Tube Heat Exchangers, Cooling Towers, Air
Coolers, Gasketed PHE, Welded PHE, Brazed PHE and Other Product
Segments Markets - Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR

Table 45: USA 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Value Sales for Shell &
Tube Heat Exchangers, Cooling Towers, Air Coolers, Gasketed
PHE, Welded PHE, Brazed PHE and Other Product Segments for the
Years 2012, 2021 & 2027

Table 46: USA Current & Future Analysis for Heat Exchangers by
End-Use - Chemicals, HVAC & Refrigeration, Oil & Gas, Power
Generation, Food & Beverage and Other End-Uses - Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 47: USA Historic Review for Heat Exchangers by End-Use -
Chemicals, HVAC & Refrigeration, Oil & Gas, Power Generation,
Food & Beverage and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 48: USA 15-Year Perspective for Heat Exchangers by
End-Use - Percentage Breakdown of Value Sales for Chemicals,
HVAC & Refrigeration, Oil & Gas, Power Generation, Food &
Beverage and Other End-Uses for the Years 2012, 2021 & 2027

CANADA
Table 49: Canada Current & Future Analysis for Heat Exchangers
by Product Segment - Shell & Tube Heat Exchangers, Cooling
Towers, Air Coolers, Gasketed PHE, Welded PHE, Brazed PHE and
Other Product Segments - Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 50: Canada Historic Review for Heat Exchangers by Product
Segment - Shell & Tube Heat Exchangers, Cooling Towers, Air
Coolers, Gasketed PHE, Welded PHE, Brazed PHE and Other Product
Segments Markets - Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR

Table 51: Canada 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Value Sales for Shell &
Tube Heat Exchangers, Cooling Towers, Air Coolers, Gasketed
PHE, Welded PHE, Brazed PHE and Other Product Segments for the
Years 2012, 2021 & 2027

Table 52: Canada Current & Future Analysis for Heat Exchangers
by End-Use - Chemicals, HVAC & Refrigeration, Oil & Gas, Power
Generation, Food & Beverage and Other End-Uses - Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 53: Canada Historic Review for Heat Exchangers by End-Use -
Chemicals, HVAC & Refrigeration, Oil & Gas, Power Generation,
Food & Beverage and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 54: Canada 15-Year Perspective for Heat Exchangers by
End-Use - Percentage Breakdown of Value Sales for Chemicals,
HVAC & Refrigeration, Oil & Gas, Power Generation, Food &
Beverage and Other End-Uses for the Years 2012, 2021 & 2027

JAPAN
Table 55: Japan Current & Future Analysis for Heat Exchangers
by Product Segment - Shell & Tube Heat Exchangers, Cooling
Towers, Air Coolers, Gasketed PHE, Welded PHE, Brazed PHE and
Other Product Segments - Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 56: Japan Historic Review for Heat Exchangers by Product
Segment - Shell & Tube Heat Exchangers, Cooling Towers, Air
Coolers, Gasketed PHE, Welded PHE, Brazed PHE and Other Product
Segments Markets - Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR

Table 57: Japan 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Value Sales for Shell &
Tube Heat Exchangers, Cooling Towers, Air Coolers, Gasketed
PHE, Welded PHE, Brazed PHE and Other Product Segments for the
Years 2012, 2021 & 2027

Table 58: Japan Current & Future Analysis for Heat Exchangers
by End-Use - Chemicals, HVAC & Refrigeration, Oil & Gas, Power
Generation, Food & Beverage and Other End-Uses - Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 59: Japan Historic Review for Heat Exchangers by End-Use -
Chemicals, HVAC & Refrigeration, Oil & Gas, Power Generation,
Food & Beverage and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 60: Japan 15-Year Perspective for Heat Exchangers by
End-Use - Percentage Breakdown of Value Sales for Chemicals,
HVAC & Refrigeration, Oil & Gas, Power Generation, Food &
Beverage and Other End-Uses for the Years 2012, 2021 & 2027

CHINA
Market Overview
Although Weakening, China to Remain a Dominant Market for Heat
Exchangers in the Medium to Long Term Period
EXHIBIT 24: China?s Current Dominant Hold on Global
Manufacturing Output & Its Central Role in World Trade Makes
the Country a Major Market for Heat Exchangers in Asia:
Percentage Breakdown of Global Manufacturing Output by
Region for the Years 1990, 2013, 2017 & 2025
Shell & Tube Heat Exchanger Segment to Post Solid Growth
Governmental Initiatives to Drive Growth
Rising Focus on Energy Saving, Environment Friendly Technology
Aalborg CSP Resumes Production of Heat Exchangers in China Post
COVID-19 Lockdown
Market Analytics
Table 61: China Current & Future Analysis for Heat Exchangers
by Product Segment - Shell & Tube Heat Exchangers, Cooling
Towers, Air Coolers, Gasketed PHE, Welded PHE, Brazed PHE and
Other Product Segments - Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 62: China Historic Review for Heat Exchangers by Product
Segment - Shell & Tube Heat Exchangers, Cooling Towers, Air
Coolers, Gasketed PHE, Welded PHE, Brazed PHE and Other Product
Segments Markets - Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR

Table 63: China 15-Year Perspective for Heat Exchangers by
Product Segment - Percentage Breakdown of Value Sales for Shell &
Tube Heat Exchangers, Cooling Towers, Air Coolers, Gasketed
PHE, Welded PHE, Brazed PHE and Other Product Segments for the
Years 2012, 2021 & 2027

Table 64: China Current & Future Analysis for Heat Exchangers
by End-Use - Chemicals, HVAC & Refrigeration, Oil & Gas, Power
Generation, Food & Beverage and Other End-Uses - Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 65: China Historic Review for Heat Exchangers by End-Use -
Chemicals, HVAC & Refrigeration, Oil & Gas, Power Generation,
Food & Beverage and Other End-Uses Markets - Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019 and % CAGR

Table 66: China 15-Year Perspective for Heat Exchangers by
End-Use - Percentage Breakdown of Value Sales for Chemicals,
HVAC & Refrigeration, Oil & Gas, Power Generation, Food &

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