Disruptive Green Technology will Enhance the Future Growth Potential of the Heat Exchanger Market
31-Aug-2021
North America
Market Research
K60E-01-00-00-00
IA01624-GL-MT_25627
This study analyzes the global heat exchanger market from 2019 to 2027. It examines its growth prospects in the short, medium, and long terms. The COVID-19 pandemic has created unforeseen circumstances for businesses around the world, affecting the overall growth of the manufacturing sector.
The heat exchanger sub-products included in this study are
• Shell-and-tube heat exchangers
• Gasketed plate-and-frame heat exchangers
• All-welded plate heat exchangers
• Brazed plate heat exchangers
• Air-cooled heat exchangers
• Cooling tower systems
The vertical markets analyzed in this study are
• HVAC and refrigeration
• Power generation
• Chemicals and petrochemicals
• Oil and gas
• Food and beverage
• Water and wastewater
• Pharmaceuticals
• Mining
• Marine and shipbuilding
• Others (heat exchangers employed in steelmaking, general engineering, pulp and paper, and other niche applications)
The regional segmentation covers North America, Latin America (LATAM), the Asia-Pacific (APAC), Europe, and the Middle East and Africa (MEA).
As the heat exchanger market is mature, Frost & Sullivan highlights the various digital solutions that can be implemented to drive market revenue. In addition, a competitive evaluation of heat exchangers is captured, including a look at the leading market players and key factors helping them outperform their competitors. The report also includes the application of heat exchangers in the production of green technology and has explained the growth of heat exchangers in the various renewable, alternative, and sustainable sources of energy.
However, the commoditization of the product raises price pressures, reducing market participants' profit margins, particularly in the face of fierce competition from low-cost manufacturers. The market's greatest difficulty right now is localized lockdowns across countries, as well as fast-rising supply chain expenses. In many applications, the focus on reducing the total cost of ownership, energy consumption, and footprint is likely to lead to a larger push for plate heat exchangers and a reduction in the use of shell-and-tube heat exchangers.
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Heat Exchanger Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Heat Exchanger Market—Scope of Analysis
Market Segmentation
Market Segmentation by Region
Key Competitors for the Heat Exchanger Market
Key Growth Metrics for the Heat Exchanger Market
Distribution Channels, Heat Exchanger Market
Growth Drivers for the Heat Exchanger Market
Growth Driver Analysis for the Heat Exchanger Market
Growth Driver Analysis for the Heat Exchanger Market (continued)
Growth Restraints for the Heat Exchanger Market
Growth Restraint Analysis for the Heat Exchanger Market
Growth Restraint Analysis for the Heat Exchanger Market (continued)
Forecast Assumptions for the Heat Exchanger Market
Revenue Forecast, Heat Exchanger Market
Revenue Forecast by Product, Heat Exchanger Market
Revenue Forecast by Region, Heat Exchanger Market
Revenue Forecast by Industry Vertical, Heat Exchanger Market
Revenue Forecast Analysis for the Heat Exchanger Market
Revenue Forecast Analysis by Region for the Heat Exchanger Market
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Revenue Forecast Analysis by Industry Vertical for the Heat Exchanger Market (continued)
Pricing Trends and Forecast Analysis for the Heat Exchanger Market
The Competitive Environment in the Heat Exchanger Market
Revenue Share, Heat Exchanger Market
Revenue Share Analysis, Heat Exchanger Market
Revenue Share Analysis for the Heat Exchanger Market (continued)
Revenue Share Analysis for the Heat Exchanger Market (continued)
Revenue Share Analysis for the Heat Exchanger Market (continued)
Revenue Share Analysis for the Heat Exchanger Market (continued)
Key Growth Metrics, Heat Exchanger Market, North America
Revenue Forecast, Heat Exchanger Market, North America
Revenue Forecast by Industry Vertical, Heat Exchanger Market, North America
Revenue Forecast Analysis for the Heat Exchanger Market—North America
Key Growth Metrics, Heat Exchanger Market, Latin America
Revenue Forecast, Heat Exchanger Market, Latin America
Revenue Forecast by Industry Vertical, Heat Exchanger Market, Latin America
Revenue Forecast Analysis for the Heat Exchanger Market—LATAM
Key Growth Metrics, Heat Exchanger Market, Europe
Revenue Forecast, Heat Exchanger Market, Europe
Revenue Forecast by Industry Vertical, Heat Exchanger Market, Europe
Revenue Forecast Analysis for the Heat Exchanger Market—Europe
Key Growth Metrics, Heat Exchanger Market, MEA
Revenue Forecast, Heat Exchanger Market, MEA
Revenue Forecast by Industry Vertical, Heat Exchanger Market, MEA
Revenue Forecast Analysis for the Heat Exchanger Market—MEA
Key Growth Metrics, Heat Exchanger Market, Asia-Pacific
Revenue Forecast, Heat Exchanger Market, Asia-Pacific
Revenue Forecast by Industry Vertical, Heat Exchanger Market, Asia-Pacific
Revenue Forecast Analysis for the Heat Exchanger Market—APAC
Case Study 1—Plantweb™ Insight for Heat Exchanger Application
Heat Exchangers in Green Technology—List of Opportunities
Heat Exchangers in Green Technology—Renewable Energy
Heat Exchangers in Green Technology—Renewable Energy (continued)
Heat Exchangers in Green Technology—Renewable Energy (continued)
Heat Exchangers in Green Technology—Renewable Energy (continued)
Heat Exchangers in Green Technology—Alternative Fuels
Heat Exchangers in Green Technology—Alternative Fuels (continued)
Heat Exchangers in Green Technology—Alternative Fuels (continued)
Heat Exchangers in Green Technology—Sustainability
Heat Exchangers in Green Technology—Sustainability (continued)
Heat Exchangers in Green Technology—Sustainability (continued)
Growth Opportunity 1—Focus on Manufacturing Energy Efficient Heat Exchanger to Improve Profit Margins for End Users, 2021
Growth Opportunity 1—Focus on Manufacturing Energy Efficient Heat Exchanger to Improve Profit Margins for End Users, 2021 (continued)
Growth Opportunity 2—Advanced Solutions Offered to End Users by OEMs, 2021
Growth Opportunity 2—Advanced Solutions Offered to End Users by OEMs, 2021 (continued)
Growth Opportunity 3—Heat Exchanger Used in the Production of Green Technology, 2021
Growth Opportunity 3—Heat Exchanger Used in the Production of Green Technology, 2021 (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Speak directly with our analytics experts for tailored recommendations.
Recent related Automation research
11 Sep 2026 | Global | Market Research
Industrial Networking and Connectivity Market, Global, 2025–2032
The industrial networking and connectivity market is becoming increasingly critical as manufacturers and industrial operators seek to modernize operations, improve resilience, and unlock greater value from operational data. As digital transformation initiatives expand, organizations are investing in...
10 Sep 2026 | Global | Market Research
Pump Services Market, Global, 2023–2030
This study on industrial pump services provides an in-depth analysis of the key trends impacting OEM revenues and forecasts industry growth until 2030. It discusses market revenue by end user and the various services offered by leading pump vendors. It also provides a region-wise analysis of various...
04 Sep 2026 | Global | Technology Research
Growth Opportunities in Intralogistics Automation, Embodied Robotic Arms, Physical AI Training, Industrial AI, Service Robotics, Precision Farming Robots, and Laboratory Automation
The Advanced Manufacturing Technology Opportunity Engine provides profiles of innovations related to autonomous mobile robots (AMRs) enabling pallet and trolley transportation across dynamic intralogistics environments; compact 6-axis robotic systems supporting modular and flexible laboratory automa...
03 Sep 2026 | Global | Technology Research
Photonic and Optical Computing Chips for AI and Data Center Acceleration
The study evaluates photonic and optical computing technologies as critical enablers of next-generation AI infrastructure, addressing growing bandwidth, latency, power consumption, and scalability constraints associated with copper-based interconnects. The analysis covers photonic integrated circuit...
02 Sep 2026 | Global | Technology Research
Growth Opportunities in Neuromorphic and In-Memory Chips for Edge AI Acceleration
The escalating compute and power demands of edge AI are exposing the limits of conventional von Neumann architectures. Manufacturers deploying always-on sensing, real-time inference, and autonomous decision-making at the edge are constrained by the energy, latency, and memory-bandwidth ceilings of s...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Predecessor | K40E-01-00-00-00 |
| Author | Jinith Jayesh |
| Industries | Industrial Automation |
| WIP Number | K60E-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 99EA-A5,9593,9420 |