Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Energy, HVACR, Food & Beverage, Power, Paper & Pulp), Material (Metals, Alloys and Brazing Clad), and Region - Global Forecast to 2028

Abstract
The global heat exchanger market size is projected to reach USD 29.0 billion by 2028 from USD 20.5 billion in 2023, at a CAGR of 7.1% during the forecast period. The ever-increasing demand for heat exchangers in emerging markets owing to rising awareness towards energy efficient solutions and stringent government regulations on greenhouse gas and CO2 emissions. Additionally, the demand for heat exchangers in emerging countries such as Asia Pacific, South America, and Middle East & Africa, is increasing due to the rising industrialisation and rapid urbanization that increases the demand for HVACR equipment for the commercial construction industry. This will drive the heat exchanger market during the forecast period.

“Energy segment is estimated to be the fastest growing in terms of value amongst other types in the heat exchanger market, in 2028.”

The energy segment which includes the petrochemical and Oil & gas industry is expected to register the fastest CAGR during the forecast period globally. The increasing focus on energy efficiency, sustainability, and environmental regulations has triggered the demand for heat exchangers in the energy segment. Also, the shift towards sustainable and eco-friendly practices is driving the development of bio-based and renewable petrochemical endues industry which will increase the demand for heat exchangers in the energy segment.

”Alloys is the second largest in the heat exchanger market, by material in 2022.”

Alloys provide excellent corrosion resistance, which is crucial in heat exchanger applications where fluids with varying chemical compositions and temperatures are involved. Corrosion-resistant alloys, such as nickel-based alloys, ensure longevity and reliability of heat exchanger equipment, reducing maintenance requirements and downtime. Heat exchangers require materials that can efficiently conduct heat to maximize heat exchange efficiency, and certain alloy compositions provide excellent thermal conductivity, enabling optimal performance.

“Europe is the largest in the heat exchanger market in 2022.”

Europe is the largest region amongst others in the heat exchanger market in 2022, in terms of value, Germany, France, Italy, Russia, Turkey, and the UK are the key countries driving the Europe heat exchanger market. This region has a highly developed industrial sector with a significant demand for heat exchangers across various industries, including power generation, oil and gas, chemical processing, HVAC (heating, ventilation, and air conditioning), and automotive manufacturing. Europe has a strong focus on energy efficiency and sustainability, driving the demand for heat exchangers that can optimize energy usage and reduce environmental impact.

Extensive primary interviews were conducted in the process of determining and verifying the sizes of several segments and subsegments of the heat exchanger market gathered through secondary research.

The breakdown of primary interviews has been given below.
•By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
•By Designation: C Level Executives – 20%, Director Level – 10%, Others – 70%
•By Region: North America – 20%, Asia Pacific – 30%, Europe – 30%, Middle East & Africa – 10%, South America-10%.

The key players in the heat exchanger market are ALFA LAVAL (Sweden), Kelvion Holding GmbH (Germany), Danfoss (Denmark), Exchanger Industries Limited (Canada), Mersen (France), API Heat Transfer (US), BOYD Corporation (US), Johnson Controls (Ireland), Wabtec Corporation (US), XYLEM (US), and H. Güntner (UK) Limited (Germany). The heat exchanger market report analyzes the key growth strategies, such as new product launches, investments & expansions, agreements, partnerships, and mergers & acquisitions to strengthen their market positions.

Research Coverage
This report provides detailed segmentation of the heat exchanger market and forecasts its market size until 2028. The market has been segmented based on type (shell & tube, plate & frame, air-cooled, and others), end-use industry (chemical, energy, HVACR, food & beverage, power, pulp & paper, and others), material (Metals, Alloys, and Brazing clad), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for heat exchanger market.

Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the heat exchanger market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
 
The report provides insights on the following pointers:
•Analysis of key drivers (Growing industrialization in developing economies will drive the market, Rising energy efficiency regulations and stringent emission standards, Rising demand for HVACR equipment for the commercial construction industry to drive the market, Growing demand for sustainable, low energy consumption, and cost-effective heat exchangers to fuel the market growth), restraints (Fluctuation in raw material prices to impact the profitability of heat exchanger manufacturers, Lack of awareness about buildings’ energy efficiency, Sluggish growth of heat exchangers market in developed economies), opportunities (Rising nuclear power plants drive the heat exchangers market, Growing aftermarket to drive the heat exchangers market), and challenges (Regulations pertaining to fluorinated greenhouse gases, Capital-intensive market ) influencing the growth of the heat exchanger market.
•Market Penetration: Comprehensive information on the heat exchanger market offered by top players in the global heat exchanger market.
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the heat exchanger market.
•Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for heat exchanger market across regions.
•Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the heat exchanger market.
•Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

Content
Table of Contents

1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.3INCLUSIONS & EXCLUSIONS40
TABLE 1INCLUSIONS & EXCLUSIONS40
1.4MARKET SCOPE40
FIGURE 1HEAT EXCHANGERS: MARKET SEGMENTATION40
1.4.1YEARS CONSIDERED41
1.5CURRENCY CONSIDERED41
1.6UNITS CONSIDERED41
1.7LIMITATIONS41
1.8STAKEHOLDERS42
1.9SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY43
2.1IMPACT OF SLOWDOWN/RECESSION43
2.2RESEARCH DATA43
FIGURE 2HEAT EXCHANGERS MARKET: RESEARCH DESIGN44
2.2.1SECONDARY DATA44
2.2.1.1List of major secondary sources45
2.2.1.2Key data from secondary sources45
2.2.2PRIMARY DATA45
2.2.3PRIMARY SOURCES46
2.2.3.1Demand and supply sides46
2.2.3.2Key data from primary sources46
2.2.3.3Key industry insights46
2.2.3.4Breakdown of primary interviews47
2.3MARKET SIZE ESTIMATION47
FIGURE 3HEAT EXCHANGERS MARKET SIZE ESTIMATION48
2.3.1TOP-DOWN APPROACH48
FIGURE 4TOP-DOWN APPROACH48
2.3.2BOTTOM-UP APPROACH49
FIGURE 5BOTTOM-UP APPROACH49
2.4DATA TRIANGULATION49
FIGURE 6HEAT EXCHANGERS MARKET: DATA TRIANGULATION50
2.5ASSUMPTIONS51
2.6GROWTH RATE ASSUMPTIONS/GROWTH FORECAST51
2.6.1SUPPLY SIDE51
2.6.2DEMAND SIDE51
2.7RISK ASSESSMENT52
3EXECUTIVE SUMMARY53
FIGURE 7SHELL & TUBE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF OVERALL HEAT EXCHANGERS MARKET53
FIGURE 8METALS TO BE LARGEST MATERIAL SEGMENT IN HEAT EXCHANGERS MARKET54
FIGURE 9ENERGY TO BE FASTEST-GROWING END-USE INDUSTRY OF HEAT EXCHANGERS DURING FORECAST PERIOD54
FIGURE 10ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD55
4PREMIUM INSIGHTS56
4.1EMERGING ECONOMIES TO WITNESS HIGHER DEMAND FOR HEAT EXCHANGERS56
FIGURE 11ASIA PACIFIC TO WITNESS HIGH GROWTH DURING FORECAST PERIOD56
4.2HEAT EXCHANGERS MARKET, BY TYPE56
FIGURE 12PLATE & FRAME TYPE SEGMENT TO LEAD HEAT EXCHANGERS MARKET DURING FORECAST PERIOD56
4.3HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY57
FIGURE 13HVACR TO BE LARGEST END-USE INDUSTRY DURING FORECAST PERIOD57
4.4HEAT EXCHANGERS MARKET, BY COUNTRY57
FIGURE 14MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD57
5MARKET OVERVIEW58
5.1INTRODUCTION58
5.2IMPACT OF RECESSION58
5.3MARKET DYNAMICS59
FIGURE 15DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HEAT EXCHANGERS MARKET59
5.3.1DRIVERS59
5.3.1.1Increasing industrialization in emerging economies59
5.3.1.2Rising energy efficiency regulations and stringent emission standards60
5.3.1.3Growing demand for HVACR equipment from commercial construction industry61
5.3.1.4Rising demand for sustainable, low energy consumption, and cost-effective heat exchangers61
5.3.2RESTRAINTS62
5.3.2.1Fluctuations in prices of raw materials62
5.3.2.2Lack of awareness about energy efficiency of buildings62
5.3.2.3Sluggish growth of heat exchangers market in developed economies62
5.3.3OPPORTUNITIES62
5.3.3.1Increasing number of nuclear power plants62
5.3.3.2Growing aftermarket63
5.3.4CHALLENGES63
5.3.4.1Regulations pertaining to fluorinated greenhouse gases63
5.3.4.2Capital-intensive market63
5.4VALUE CHAIN ANALYSIS64
FIGURE 16OVERVIEW OF VALUE CHAIN OF HEAT EXCHANGERS MARKET64
5.4.1RAW MATERIAL SUPPLIERS64
5.4.2MANUFACTURERS64
5.4.3DISTRIBUTORS65
5.4.4END-USE INDUSTRIES65
TABLE 2HEAT EXCHANGERS MARKET: VALUE CHAIN STAKEHOLDERS65
5.5PORTER’S FIVE FORCE ANALYSIS66
FIGURE 17PORTER’S FIVE FORCES ANALYSIS: HEAT EXCHANGERS MARKET66
5.5.1THREAT OF SUBSTITUTES66
5.5.2BARGAINING POWER OF SUPPLIERS67
5.5.3THREAT OF NEW ENTRANTS67
5.5.4BARGAINING POWER OF BUYERS67
5.5.5INTENSITY OF COMPETITIVE RIVALRY68
TABLE 3HEAT EXCHANGERS: PORTER’S FIVE FORCES ANALYSIS68
5.6MACROECONOMIC INDICATORS68
5.6.1GLOBAL GDP TRENDS68
TABLE 4TRENDS OF PER CAPITA GDP (USD) 2020–202269
TABLE 5GDP GROWTH ESTIMATE AND PROJECTIONS FOR KEY COUNTRIES, 2023–202770
5.6.2OIL & GAS STATISTICS71
TABLE 6OIL PRODUCTION, BY COUNTRY, 2020–2021, THOUSAND BARRELS DAILY71
5.6.3POWER GENERATION STATISTICS72
TABLE 7POWER GENERATED IN KEY COUNTRIES, 2018 –2021, TERAWATT HOUR (TWH)72
5.7TARIFFS & REGULATIONS73
5.7.1REGULATIONS73
5.7.2NORTH AMERICA73
5.7.3EUROPE74
5.7.4ASIA PACIFIC74
TABLE 8HCFC CONSUMPTION REDUCTION SCHEDULE FOR FIVE NON-ARTICLE PARTIES74
TABLE 9HCFC CONSUMPTION REDUCTION SCHEDULE FOR ARTICLE FIVE PARTIES75
TABLE 10HCFC PRODUCTION REDUCTION SCHEDULE FOR NON-ARTICLE 5 PARTIES75
TABLE 11HCFC PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES75
TABLE 12HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR NON-ARTICLE 5 PARTIES76
TABLE 13HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES – GROUP 176
TABLE 14HFC CONSUMPTION AND PRODUCTION REDUCTION SCHEDULE FOR ARTICLE 5 PARTIES – GROUP 276
5.7.5KIGALI AMENDMENT TO MONTREAL PROTOCOL77
TABLE 15REVISED HFC CONSUMPTION SCHEDULE FOR ALL PARTIES77
TABLE 16HFC CONSUMPTION SCHEDULE FOR PARTIES BEGINNING HFC PHASEDOWN FROM JANUARY 1, 202077
TABLE 17REVISED HFC PRODUCTION SCHEDULE FOR ALL PARTIES78
TABLE 18HFC PRODUCTION SCHEDULE FOR PARTIES BEGINNING HFC PHASEDOWN FROM JANUARY 1, 202078
5.8TECHNOLOGY ANALYSIS79
5.8.1NEW TECHNOLOGIES – HEAT EXCHANGERS79
5.9RAW MATERIAL ANALYSIS80
5.9.1COPPER80
5.9.2ALUMINUM80
5.9.3TITANIUM80
5.9.4NICKEL ALLOYS80
5.10TRADE ANALYSIS81
5.10.1IMPORT TRADE ANALYSIS81
TABLE 19REGION-WISE IMPORT TRADE (USD THOUSAND)81
FIGURE 18REGION-WISE IMPORT TRADE (USD THOUSAND)81
5.10.2EXPORT TRADE ANALYSIS82
TABLE 20REGION-WISE EXPORT TRADE (USD THOUSAND)82
FIGURE 19REGION-WISE EXPORT TRADE (USD THOUSAND)82
5.11ECOSYSTEM MAPPING83
FIGURE 20HEAT EXCHANGERS MARKET ECOSYSTEM83
5.12TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES84
FIGURE 21POWER GENERATION SECTOR TO DRIVE GROWTH84
5.13KEY CONFERENCES & EVENTS IN 2023–202484
TABLE 21HEAT EXCHANGERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS84
5.14KEY FACTORS AFFECTING BUYING DECISIONS85
5.14.1QUALITY85
5.14.2SERVICE85
FIGURE 22SUPPLIER SELECTION CRITERIA86
5.15CASE STUDY ANALYSIS86
5.15.1EXCHANGER INDUSTRY MEETS TIGHT SPECIFICATIONS FOR DAIRY HEAT EXCHANGERS86
5.15.2PASTEURIZATION ESSENTIAL FOR LITHUANIAN AD PLANT87
5.16PATENT ANALYSIS87
5.16.1INTRODUCTION87
5.16.2METHODOLOGY88
5.16.3DOCUMENT TYPE88
FIGURE 23PATENTS REGISTERED (2012 TO 2022)88
5.16.4PUBLICATION TRENDS – LAST 10 YEARS88
FIGURE 24NUMBER OF PATENTS DURING LAST 10 YEARS88
5.16.5INSIGHTS89
5.16.6JURISDICTION ANALYSIS89
FIGURE 25TOP JURISDICTIONS89
5.16.7TOP COMPANIES/APPLICANTS90
FIGURE 26TOP APPLICANTS’ ANALYSIS90
TABLE 22LIST OF PATENTS BY RAYTHEON TECHNOLOGIES CORPORATION90
TABLE 23LIST OF PATENTS BY DENSO CORPORATION90
TABLE 24LIST OF PATENTS BY MITSUBISHI ELECTRIC CORPORATION91
TABLE 25TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS91
6HEAT EXCHANGERS MARKET, BY MATERIAL92
6.1INTRODUCTION93
FIGURE 27METALS SEGMENT TO DOMINATE HEAT EXCHANGERS MARKET TILL 202893
TABLE 26HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)94
TABLE 27HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)95
6.1.1METALS95
6.1.1.1Steel96
6.1.1.1.1Carbon steel96
6.1.1.1.2Stainless steel96
FIGURE 28STEEL PRICE ANALYSIS96
6.1.1.2Copper97
6.1.1.3Aluminum97
6.1.1.4Titanium97
6.1.1.5Nickel97
6.1.1.6Other metals97
6.1.2ALLOYS97
6.1.2.1Nickel alloys98
6.1.2.1.1Hastelloy alloys98
6.1.2.1.2Inconel alloys98
6.1.2.1.3Monel alloys98
6.1.2.1.4Other nickel alloys98
6.1.2.2Copper alloys98
6.1.2.3Titanium alloys99
6.1.2.4Other alloys99
6.1.3BRAZING CLAD MATERIALS99
6.1.3.1Copper brazing99
6.1.3.2Ni clad brazing99
6.1.3.3Phosphor copper brazing99
6.1.3.4Silver brazing100
6.1.3.5Other brazing clad materials100
7HEAT EXCHANGERS MARKET, BY TYPE101
7.1INTRODUCTION102
FIGURE 29SHELL & TUBE HEAT EXCHANGERS ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023102
TABLE 28HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)103
TABLE 29HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)103
TABLE 30HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)103
TABLE 31HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)103
7.2SHELL & TUBE HEAT EXCHANGERS104
7.2.1USE IN SYSTEMS WITH HIGH OPERATING TEMPERATURES AND PRESSURES104
7.2.2TUBULAR HEAT EXCHANGERS104
7.2.3FIXED TUBE HEAT EXCHANGERS104
7.2.4U-TUBE HEAT EXCHANGERS105
7.2.5FLOATING HEAD HEAT EXCHANGERS105
7.3PLATE & FRAME HEAT EXCHANGERS105
7.3.1WIDESPREAD INDUSTRIAL APPLICATIONS105
7.3.2GASKETED PLATE & FRAME HEAT EXCHANGERS106
7.3.3WELDED PLATE & FRAME HEAT EXCHANGERS106
7.3.4BRAZED HEAT EXCHANGERS106
7.4AIR COOLED HEAT EXCHANGERS107
7.4.1PRIMARILY USED IN CHEMICAL AND ENERGY INDUSTRIES107
7.4.2FORCED DRAFT HEAT EXCHANGERS107
7.4.3INDUCED DRAFT HEAT EXCHANGERS107
7.5OTHER TYPES108
7.5.1EXTENDED SURFACE HEAT EXCHANGERS108
7.5.2REGENERATIVE HEAT EXCHANGERS108
8HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY109
8.1INTRODUCTION110
FIGURE 30CHEMICAL INDUSTRY TO LEAD HEAT EXCHANGERS MARKET TILL 2028110
TABLE 32HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)111
TABLE 33HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)111
TABLE 34HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)111
TABLE 35HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)112
8.2CHEMICAL112
8.2.1APPLICATIONS IN CHEMICAL PROCESSES SUCH AS FERTILIZERS, AMMONIA, METHIONINE, ETHYL ACETATE, FATTY ACIDS, SILICONIZED PRODUCTS, AND OTHERS112
8.2.2BASE CHEMICALS113
8.2.3INTERMEDIATE CHEMICALS113
8.2.4SPECIALTY CHEMICALS113
8.3ENERGY113
8.3.1CRUCIAL EQUIPMENT IN ENERGY GENERATION113
8.3.2PETROCHEMICALS114
8.3.3OIL & GAS114
 
8.4HVAC AND REFRIGERATION114
8.4.1USE IN HVACR INDUSTRY FOR AIR CONDITIONING FOR RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL INFRASTRUCTURE114
8.4.2DISTRICT HEATING AND COOLING115
8.4.3AIR-CONDITIONING115
8.4.4COMMERCIAL REFRIGERATION115
8.4.5INDUSTRIAL REFRIGERATION115
8.5FOOD & BEVERAGE116
8.5.1RISING DEMAND FOR PROCESSED FOOD TO DRIVE MARKET116
8.5.2PROCESSED FOOD116
8.5.3DAIRY116
8.5.4SUGAR AND ETHANOL PRODUCTION116
8.5.5OTHERS117
8.6POWER117
8.6.1EFFORTS TO INCREASE ENERGY OUTPUT OF POWER PLANTS TO DRIVE USAGE OF HEAT EXCHANGERS117
8.6.2RENEWABLE117
8.6.3NON-RENEWABLE117
8.7PULP & PAPER118
8.7.1HEAT EXCHANGERS USED FOR WASTEWATER TREATMENT AND HEAT RECOVERY118
8.8OTHER END-USE INDUSTRIES118
8.8.1METALLURGICAL118
8.8.2WASTEWATER TREATMENT119
8.8.3MINING119
9HEAT EXCHANGERS MARKET, BY REGION120
9.1INTRODUCTION121
FIGURE 31HEAT EXCHANGERS MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD121
TABLE 36HEAT EXCHANGERS MARKET, BY REGION, 2019–2022 (USD MILLION)122
TABLE 37HEAT EXCHANGERS MARKET, BY REGION, 2023–2028 (USD MILLION)122
TABLE 38HEAT EXCHANGERS MARKET, BY REGION, 2019–2022 (UNIT)122
TABLE 39HEAT EXCHANGERS MARKET, BY REGION, 2023–2028 (UNIT)123
9.2ASIA PACIFIC123
9.2.1IMPACT OF RECESSION123
FIGURE 32ASIA PACIFIC: HEAT EXCHANGERS MARKET SNAPSHOT124
TABLE 40ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)124
TABLE 41ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)125
TABLE 42ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)125
TABLE 43ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)125
TABLE 44ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)126
TABLE 45ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)127
TABLE 46ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)127
TABLE 47ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)128
TABLE 48ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)128
TABLE 49ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)128
TABLE 50ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)129
TABLE 51ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)129
TABLE 52ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)129
TABLE 53ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)130
9.2.2CHINA130
9.2.2.1Rapid industrialization and flourishing end-use industries to boost market130
TABLE 54CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)131
TABLE 55CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)131
TABLE 56CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)131
TABLE 57CHINA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)131
TABLE 58CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)132
TABLE 59CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)132
TABLE 60CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)132
TABLE 61CHINA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)133
9.2.3JAPAN133
9.2.3.1Nuclear power, construction, and food & beverage industries to drive market133
TABLE 62JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)134
TABLE 63JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)134
TABLE 64JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)134
TABLE 65JAPAN: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)134
TABLE 66JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)135
TABLE 67JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)135
TABLE 68JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)135
TABLE 69JAPAN: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)136
9.2.4INDIA136
9.2.4.1Rapid industrialization in energy and power generation end-use industries to boost demand136
TABLE 70INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)137
TABLE 71INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)137
TABLE 72INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)137
TABLE 73INDIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)138
TABLE 74INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)138
TABLE 75INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)138
TABLE 76INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)139
TABLE 77INDIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)139
9.2.5SOUTH KOREA139
9.2.5.1Rising commercial construction to boost market139
TABLE 78SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)140
TABLE 79SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)140
TABLE 80SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)140
TABLE 81SOUTH KOREA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)141
TABLE 82SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)141
TABLE 83SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)141
TABLE 84SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)142
TABLE 85SOUTH KOREA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)142
9.2.6REST OF ASIA PACIFIC142
TABLE 86REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)143
TABLE 87REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)143
TABLE 88REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)143
TABLE 89REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)143
TABLE 90REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)144
TABLE 91REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)144
TABLE 92REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)144
TABLE 93REST OF ASIA PACIFIC: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)145
9.3NORTH AMERICA145
9.3.1IMPACT OF RECESSION146
FIGURE 33NORTH AMERICA: HEAT EXCHANGERS MARKET SNAPSHOT146
TABLE 94NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)147
TABLE 95NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)147
TABLE 96NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)147
TABLE 97NORTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)147
TABLE 98NORTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)148
TABLE 99NORTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)149
TABLE 100NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)149
TABLE 101NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)150
TABLE 102NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)150
TABLE 103NORTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)150
TABLE 104NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)151
TABLE 105NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)151
TABLE 106NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)151
TABLE 107NORTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)152
9.3.2US152
9.3.2.1Automotive industry to drive demand for microchannel type heat exchangers152
TABLE 108US: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)153
TABLE 109US: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)153
TABLE 110US: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)153
TABLE 111US: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)153
TABLE 112US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)154
TABLE 113US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)154
TABLE 114US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)154
TABLE 115US: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)155
9.3.3CANADA155
9.3.3.1Growing food & beverage and oil & gas industries to boost market155
TABLE 116CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)156
TABLE 117CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)156
TABLE 118CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)156
TABLE 119CANADA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)156
TABLE 120CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)157
TABLE 121CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)157
TABLE 122CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)157
TABLE 123CANADA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)158
9.3.4MEXICO158
9.3.4.1Demand to be mainly driven by industrial processing and HVACR industries158
TABLE 124MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)159
TABLE 125MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)159
TABLE 126MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)159
TABLE 127MEXICO: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)160
TABLE 128MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)160
TABLE 129MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)160
TABLE 130MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)161
TABLE 131MEXICO: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)161
9.4EUROPE162
9.4.1IMPACT OF RECESSION162
FIGURE 34EUROPE: HEAT EXCHANGERS MARKET SNAPSHOT163
TABLE 132EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)163
TABLE 133EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)164
TABLE 134EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)164
TABLE 135EUROPE: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)164
TABLE 136EUROPE: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)165
TABLE 137EUROPE: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)166
TABLE 138EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)166
TABLE 139EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)167
TABLE 140EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)167
TABLE 141EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)167
TABLE 142EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)168
TABLE 143EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)168
TABLE 144EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)168
TABLE 145EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)169
9.4.2GERMANY169
9.4.2.1Rising demand for heat exchangers across end-use industries169
TABLE 146GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)170
TABLE 147GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)170
TABLE 148GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)170
TABLE 149GERMANY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)171
TABLE 150GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)171
TABLE 151GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)171
TABLE 152GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)172
TABLE 153GERMANY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)172
9.4.3FRANCE172
9.4.3.1Favorable growth of chemical and food & beverage industries to boost market172
TABLE 154FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)173
TABLE 155FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)173
TABLE 156FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)174
TABLE 157FRANCE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)174
TABLE 158FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)174
TABLE 159FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)175
TABLE 160FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)175
TABLE 161FRANCE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)175
9.4.4UK176
9.4.4.1Growing demand from commercial construction and automotive industries to boost market176
TABLE 162UK: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)176
TABLE 163UK: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)177
TABLE 164UK: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)177
TABLE 165UK: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)177
TABLE 166UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)178
TABLE 167UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)178
TABLE 168UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)178
TABLE 169UK: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)179
9.4.5ITALY179
9.4.5.1Rising demand from automotive and manufacturing industries to lead to market growth179
TABLE 170ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)180
TABLE 171ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)180
TABLE 172ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)180
TABLE 173ITALY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)180
TABLE 174ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)181
TABLE 175ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)181
TABLE 176ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)181
TABLE 177ITALY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)182
9.4.6RUSSIA182
9.4.6.1Growing end-use industries to boost demand for heat exchangers182
TABLE 178RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)182
TABLE 179RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)183
TABLE 180RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)183
TABLE 181RUSSIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)183
TABLE 182RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)184
TABLE 183RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)184
TABLE 184RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)184
TABLE 185RUSSIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)185
9.4.7TURKEY185
9.4.7.1Urbanization and industrialization to drive market185
TABLE 186TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)186
TABLE 187TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)186
TABLE 188TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)186
TABLE 189TURKEY: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)186
TABLE 190TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)187
TABLE 191TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)187
TABLE 192TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)187
TABLE 193TURKEY: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)188
 
9.4.8REST OF EUROPE188
TABLE 194REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)188
TABLE 195REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)188
TABLE 196REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)189
TABLE 197REST OF EUROPE: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)189
TABLE 198REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)189
TABLE 199REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)190
TABLE 200REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)190
TABLE 201REST OF EUROPE: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)190
9.5MIDDLE EAST & AFRICA191
9.5.1IMPACT OF RECESSION191
TABLE 202MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)191
TABLE 203MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)192
TABLE 204MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)192
TABLE 205MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)192
TABLE 206MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)193
TABLE 207MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)194
TABLE 208MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)194
TABLE 209MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)195
TABLE 210MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)195
TABLE 211MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)195
TABLE 212MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)196
TABLE 213MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)196
TABLE 214MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)196
TABLE 215MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)197
9.5.2SAUDI ARABIA197
9.5.2.1Rising commercial construction and HVAC industry to drive market197
TABLE 216SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)198
TABLE 217SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)198
TABLE 218SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)198
TABLE 219SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)199
TABLE 220SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)199
TABLE 221SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)199
TABLE 222SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)200
TABLE 223SAUDI ARABIA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)200
9.5.3QATAR200
9.5.3.1Oil & gas industry to contribute to significant rise in demand for heat exchangers200
TABLE 224QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)201
TABLE 225QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)201
TABLE 226QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)201
TABLE 227QATAR: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)201
TABLE 228QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)202
TABLE 229QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)202
TABLE 230QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)202
TABLE 231QATAR: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)203
9.5.4REST OF MIDDLE EAST & AFRICA203
TABLE 232REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)203
TABLE 233REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)204
TABLE 234REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)204
TABLE 235REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)204
TABLE 236REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)205
TABLE 237REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)205
TABLE 238REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)205
TABLE 239REST OF MIDDLE EAST & AFRICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)206
 
9.6SOUTH AMERICA206
9.6.1IMPACT OF RECESSION207
TABLE 240SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)207
TABLE 241SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)207
TABLE 242SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2019–2022 (UNIT)207
TABLE 243SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY COUNTRY, 2023–2028 (UNIT)207
TABLE 244SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)208
TABLE 245SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)209
TABLE 246SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (USD MILLION)209
TABLE 247SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (USD MILLION)210
TABLE 248SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2019–2022 (UNIT)210
TABLE 249SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY TYPE, 2023–2028 (UNIT)210
TABLE 250SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)211
TABLE 251SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)211
TABLE 252SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2019–2022 (UNIT)211
TABLE 253SOUTH AMERICA: HEAT EXCHANGERS MARKET, BY END-USE INDUSTRY, 2023–2028 (UNIT)212
9.6.2BRAZIL212
9.6.2.1Flourish