PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1587084
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1587084
Heat Exchangers Market Assessment, By Type, By End-use Industry, By Region, Opportunities and Forecast, 2017-2031F
Global heat exchangers market is projected to witness a CAGR of 7.45% during the forecast period 2024-2031, growing from USD 20.25 billion in 2023 to USD 35.98 billion in 2031. Heat exchangers are designed to transfer heat from one fluid to another without direct fluid contact. The equipment is extensively used across industrial, commercial, and residential sectors, along with heating, ventilation, and air conditioning (HVAC) and refrigeration, providing efficient fluid or air heating or cooling.
The heat exchangers market is growing due to multiple factors, such as increasing demand for energy efficiency. The acceleration of industrialization has boosted the requirement for heat exchangers. Further, governments are implementing stronger environmental regulations to control carbon emissions and boost energy efficiency, which has raised the demand for heat exchangers.
Multiple industries have experienced significant gains in performance and efficiency due to recent advancements in heat exchanger technology. New arrangements that optimize thermal performance have been included in enhanced heat transfer technologies, which are the outcome of improved designs and inventive materials. The improved designs of heat exchangers include enhanced heat transfer technologies, which assist in optimizing the thermal performance of the equipment in industrial operations.
For instance, in July 2024, SWEP, a part of Dover Corporation, launched the SWEP 190 range of brazed plate heat exchangers, optimized for low-global warming potential and natural refrigerant. Single-circuit and dual-circuit versions are available in the 190 series, with an effective operating range of 60kW to 150kW. In a variety of HVACR applications, the 190 units serve as condensers and evaporators. They are specifically made to work with R32, R454B, and R290.
Government Regulations to Stimulate Market Growth
Globally, governments are enforcing significant energy efficiency guidelines, especially in the industrial and commercial sectors, which boosts the demand for modern heat exchangers. These devices help businesses abide by the rules set by the government to lower the consumption of energy in the heating, cooling, and other process industries.
For instance, the European Union's Ecodesign Directive and the Energy Performance of Buildings Directive (EPBD) encourage the adoption of energy-efficient HVAC systems, which directly fosters the demand for efficient heat exchangers.
Similarly, in the United States, the Department of Energy (DOE) has implemented restrictions to improve efficiency in industrial heat exchangers, particularly in energy-intensive industries such as petrochemicals and refineries. Additionally, many governments are offering incentives for adopting renewable energy technologies, which often incorporate heat exchangers for efficient energy conversion and utilization. This trend is particularly evident in the growing sectors of heat pumps, where heat exchangers are essential for maximizing energy efficiency.
Furthermore, as industries strive to minimize energy consumption and carbon emissions, heat exchangers have become vital for achieving regulatory goals. In alignment with decarbonization and carbon pricing policies, there is an encouragement for the use of energy-efficient heat exchangers. As the demand to reduce greenhouse gas emissions increases in various industries, heat exchanger systems have become essential equipment, particularly for sectors transitioning to more sustainable energy practices.
For instance, in December 2023, the European Union updated its Ecodesign Directive to include stricter efficiency requirements for HVAC systems, which directly impact the design of heat exchangers and the efficiency of the equipment. This development will increase the adoption of heat exchangers in different applications and increase the market size of the industry.
Advancements in Technology to Stimulate Market Growth
Recent technological improvements in heat exchangers have considerably enhanced efficiency, customization, and operational effectiveness across a wide range of sectors. Advanced materials such as carbon composites, graphite, and ceramics are being used to accelerate heat transfer durability, efficiency, and resistance to corrosion. Technological upgrades make heat exchangers valuable in extreme environmental conditions such as chemical processing, power generation, and the oil and gas industry. The incorporation of 3D printing technology enhances design and manufacturing of heat exchangers, offering numerous advantages such as customizable shapes and sizes. Traditional manufacturing techniques often impose limitations on the complexity of designs due to constraints in tooling and fabrication methods. 3D printing technology is an additive process that builds components layer by layer, resulting in fewer materials used, further helping to reduce costs. Additionally, the growth of microchannel heat exchangers (MCHX) has made it possible to create highly efficient, miniaturized solutions that are vital for space-saving applications in the HVAC and automotive industries.
Furthermore, the integration of Internet of Things (IoT) with heat exchangers is contributing to the growth of the market by enhancing reliability, efficiency, and predictive maintenance capabilities. IoT-enabled heat exchangers utilize sensors and data analytics to monitor key parameters such as temperature, pressure, and flow rates in real time.
For instance, in January 2024, DecarbonX introduced heat exchangers named HEX Care. The product is able to utilize artificial intelligence (AI) to identify fouling problems autonomously and alert personnel to maintenance requirements. By proactively reducing fouling and minimizing operational disturbances, the technology aims to improve the operational efficiency of petrochemical plants and contribute to lower CO2 emissions. This development is expected to increase the company's sales and revenue in the coming years.
Shell and Tube Heat Exchangers to Dominate Market Share
Shell and tube heat exchangers are used for a variety of applications in multiple industries, such as petrochemicals, power generation, and oil and gas, gaining a significant share of the market. Shell and tube heat exchangers are ideal for fulfilling industrial operations as of equipment deep design, which enables equipment to withstand high temperatures and pressures. The ongoing expansion of refining facilities and petrochemicals drives the demand for shell and tube heat exchangers, particularly in Asia-Pacific. Furthermore, industries are increasingly focusing on sustainability and energy efficiency, for which shell and tube heat exchangers are capable of significantly reducing energy consumption and operational costs. Moreover, continuous innovations in design and materials have improved the performance and durability of shell and tube heat exchangers. Advances such as additive manufacturing are enabling the production of more efficient units that meet the evolving demands of industries.
Additionally, the growing focus on energy efficiency and sustainability due to government regulations is boosting the demand for shell and tube heat exchangers. As shell and tube heat exchanger is typically used for high-pressure applications, helping to optimize energy consumption across various sectors, it supports the market's growth trajectory.
For instance, in September 2024, Alfa Laval launched three new heat exchangers at the Chillventa 2024 exhibition, with the product name SE series, AC900, and Semi-welded plate. The new heat exchangers will be utilized in residential, commercial, and industrial applications.
Europe to Dominate the Heat Exchangers Market Share
Multiple factors dominate the share of the heat exchanger market in Europe, including technical innovation, the rising industrial need for sustainable solutions, and stringent energy efficiency laws. Government measures include the European Green Deal and the Energy Efficiency Directive (EED), which allow manufacturing facilities and industries to install energy-efficient technologies.
Heat exchangers are used in industrial operations with the aim to minimize energy consumption and enhance thermal management. The requirement for heat exchangers has increased across industries such as food processing, pharmaceuticals, and renewable energy, where resource efficiency and waste heat recovery are important. As Europe progresses with decarbonization and a circular economy, heat exchangers play a vital part in decreasing energy loss and attaining goals for sustainability.
For instance, in May 2022, Conflux Technology and GKN Additive announced a collaboration for the development, design, and production of heat exchangers in Europe. The partnership will leverage Conflux's expertise in thermal management and GKN's capabilities in additive manufacturing to create innovative and efficient heat exchanger solutions. This development will help the manufacturer to increase revenue and market share in the coming years.
Future Market Scenario (2024 - 2031F)
Incorporating IoT and AI into heat exchangers is anticipated to greatly boost the market by enhancing efficiency and simplifying maintenance through predictive measures. Smart heat exchangers will enable continuous tracking of performance indicators, resulting in preventative maintenance and decreased periods of inactivity. This technological progress improves system reliability and increases the need for advanced heat exchangers in different industries.
The rising industrialization in countries such as China and India is expected to boost the need for heat exchangers due to growing investments in efficient energy technologies. Additionally, advancements in manufacturing, business, and industries in the region have contributed to the overall expansion of the global heat exchangers market. The increasing need for heat exchangers is driven by end-use industries such as chemicals and petrochemicals, HVAC, and oil and gas, along with government initiatives in countries such as Japan and India to generate thermal and solar energy.
Government regulations focused on enhancing energy efficiency and lowering carbon emissions significantly influence the market dynamics. Initiatives, such as the European Green Deal, establish rigorous targets for renewable energy utilization, encouraging widespread adoption of efficient heat exchangers across multiple industries. This regulatory push is expected to drive growth in the heat exchanger market as sectors align their operations with these environmental objectives.
Key Players Landscape and Outlook
Continuous innovation is a key feature of the global heat exchanger landscape, with companies striving to excel in product innovation, energy efficiency, and cost-effectiveness. The market outlook remains optimistic, driven by increasing demand for high-pressure heat exchangers, digitalization, and sustainability initiatives. Manufacturers in the heat exchanger industry are focused on regulatory compliance, energy efficiency, and technological advancements, which are likely to shape the industry's future. The rise in collaborations and emerging technologies is expected to augment competition in this rapidly evolving market.
For instance, in December 2023, Lummus Technology announced a strategic supplier agreement with NET Power Inc. to design and supply recuperative heat exchangers (HXR) for NET Power's near-zero emissions power generation process. This collaboration aims to enhance the efficiency of energy recovery from the turboexpander exhaust and air separation unit, which is crucial for reheating recirculated CO2 in the NET Power Cycle.
For instance, in February 2023, Alfa Laval launched a new series of hygienic gasketed plate heat exchangers (GPHEs) designed specifically for the food and beverage industry to maximize productivity and maintain high hygiene standards. This development will help the company to increase its revenue in the coming years.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Product and Market Intelligence
- 4.2. Factors Considered in Purchase Decisions
- 4.2.1. Operating Specification
- 4.2.2. Thermal Conductivity and Efficiency
- 4.2.3. Application requirement
- 4.2.4. Ease of Cleaning
- 4.2.5. After-sales Support
5. Global Heat Exchangers Market Outlook, 2017-2031F
- 5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.2. Market Share Analysis & Forecast
- 5.2.1. By Type
- 5.2.1.1. Shell and Tubes
- 5.2.1.2. Plate and Frame
- 5.2.1.3. Air Cooled
- 5.2.1.4. Others
- 5.2.2. By End-use Industry
- 5.2.2.1. Chemicals and Petrochemicals
- 5.2.2.2. Oil and Gas
- 5.2.2.3. Power Industry
- 5.2.2.4. HVAC
- 5.2.2.5. Food and Beverage
- 5.2.2.6. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia-Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East and Africa
- 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
- 5.2.1. By Type
- 5.3. Market Map Analysis, 2023
- 5.3.1. By Type
- 5.3.2. By End-use Industry
- 5.3.3. By Region
6. North America Heat Exchangers Market Outlook, 2017-2031F*
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Type
- 6.2.1.1. Shell and Tubes
- 6.2.1.2. Plate and Frame
- 6.2.1.3. Air Cooled
- 6.2.1.4. Others
- 6.2.2. By End-use Industry
- 6.2.2.1. Chemicals and Petrochemicals
- 6.2.2.2. Oil and Gas
- 6.2.2.3. Power Industry
- 6.2.2.4. HVAC
- 6.2.2.5. Food and Beverage
- 6.2.2.6. Others
- 6.2.3. By Country Share
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 6.2.1. By Type
- 6.3. Country Market Assessment
- 6.3.1. United States Heat Exchangers Market Outlook, 2017-2031F*
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share Analysis & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.1.1. Shell and Tubes
- 6.3.1.2.1.2. Plate and Frames
- 6.3.1.2.1.3. Air Cooled
- 6.3.1.2.1.4. Others
- 6.3.1.2.2. By End-use Industry
- 6.3.1.2.2.1. Chemicals and Petrochemicals
- 6.3.1.2.2.2. Oil and Gas
- 6.3.1.2.2.3. Power Industry
- 6.3.1.2.2.4. HVAC
- 6.3.1.2.2.5. Food and Beverage
- 6.3.1.2.2.6. Others
- 6.3.1.2.1. By Type
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.3.1. United States Heat Exchangers Market Outlook, 2017-2031F*
All segments will be provided for all regions and countries covered
7. Europe Heat Exchangers Market Outlook, 2017-2031F
- 7.1. Germany
- 7.2. France
- 7.3. Italy
- 7.4. United Kingdom
- 7.5. Russia
- 7.6. Netherlands
- 7.7. Spain
- 7.8. Turkey
- 7.9. Poland
8. Asia-Pacific Heat Exchangers Market Outlook, 2017-2031F
- 8.1. India
- 8.2. China
- 8.3. Japan
- 8.4. Australia
- 8.5. Vietnam
- 8.6. South Korea
- 8.7. Indonesia
- 8.8. Philippines
9. South America Heat Exchangers Market Outlook, 2017-2031F
- 9.1. Brazil
- 9.2. Argentina
10. Middle East and Africa Heat Exchangers Market Outlook, 2017-2031F
- 10.1. Saudi Arabia
- 10.2. UAE
- 10.3. South Africa
11. Porter's Five Forces Analysis
12. PESTLE Analysis
13. Market Dynamics
- 13.1. Market Drivers
- 13.2. Market Challenges
14. Market Trends and Developments
15. Case Studies
16. Competitive Landscape
- 16.1. Competition Matrix of Top 5 Market Leaders
- 16.2. SWOT Analysis for Top 5 Players
- 16.3. Key Players Landscape for Top 10 Market Players
- 16.3.1. Alfa Laval Corporate AB
- 16.3.1.1. Company Details
- 16.3.1.2. Key Management Personnel
- 16.3.1.3. Products and Services
- 16.3.1.4. Financials (As Reported)
- 16.3.1.5. Key Market Focus and Geographical Presence
- 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 16.3.2. GEA Group Aktiengesellschaft
- 16.3.3. Danfoss A/S
- 16.3.4. Kelvion Holding GmBH
- 16.3.5. Xylem Inc.
- 16.3.6. HISAKA WORKS, LTD.
- 16.3.7. API Heat Transfer
- 16.3.8. FUNKE Warmeaustauscher Apparatebau GmbH
- 16.3.9. HRS Heat Exchangers Limited
- 16.3.10. Mersen Corporate Services SAS
- 16.3.11. Dover Corporation
- 16.3.12. Lummus Technology LLC
- 16.3.13. General Electric Company (GE Vernova)
- 16.3.14. Johnson Controls Inc.
- 16.3.1. Alfa Laval Corporate AB
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
17. Strategic Recommendations
18. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 2. Global Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 3. Global Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 4. Global Heat Exchangers Market Share (%), By Region, 2017-2031F
- Figure 5. North America Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 6. North America Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 7. North America Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 8. North America Heat Exchangers Market Share (%), By Country, 2017-2031F
- Figure 9. United States Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 10. United States Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 11. United States Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 12. Canada Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 13. Canada Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 14. Canada Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 15. Mexico Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 16. Mexico Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 17. Mexico Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 18. Europe Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 19. Europe Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 20. Europe Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 21. Europe Heat Exchangers Market Share (%), By Country, 2017-2031F
- Figure 22. Germany Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 23. Germany Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 24. Germany Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 25. France Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 26. France Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 27. France Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 28. Italy Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 29. Italy Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 30. Italy Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 31. United Kingdom Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 32. United Kingdom Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 33. United Kingdom Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 34. Russia Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 35. Russia Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 36. Russia Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 37. Netherlands Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 38. Netherlands Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 39. Netherlands Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 40. Spain Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 41. Spain Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 42. Spain Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 43. Turkey Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 44. Turkey Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 45. Turkey Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 46. Poland Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 47. Poland Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 48. Poland Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 49. South America Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 50. South America Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 51. South America Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 52. South America Heat Exchangers Market Share (%), By Country, 2017-2031F
- Figure 53. Brazil Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 54. Brazil Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 55. Brazil Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 56. Argentina Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 57. Argentina Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 58. Argentina Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 59. Asia-Pacific Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 60. Asia-Pacific Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 61. Asia-Pacific Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 62. Asia-Pacific Heat Exchangers Market Share (%), By Country, 2017-2031F
- Figure 63. India Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 64. India Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 65. India Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 66. China Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 67. China Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 68. China Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 69. Japan Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 70. Japan Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 71. Japan Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 72. Australia Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 73. Australia Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 74. Australia Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 75. Vietnam Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 76. Vietnam Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 77. Vietnam Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 78. South Korea Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 79. South Korea Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 80. South Korea Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 81. Indonesia Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 82. Indonesia Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 83. Indonesia Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 84. Philippines Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 85. Philippines Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 86. Philippines Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 87. Middle East & Africa Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 88. Middle East & Africa Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 89. Middle East & Africa Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 90. Middle East & Africa Heat Exchangers Market Share (%), By Country, 2017-2031F
- Figure 91. Saudi Arabia Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 92. Saudi Arabia Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 93. Saudi Arabia Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 94. UAE Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 95. UAE Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 96. UAE Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 97. South Africa Heat Exchangers Market, By Value, In USD Billion, 2017-2031F
- Figure 98. South Africa Heat Exchangers Market Share (%), By Type, 2017-2031F
- Figure 99. South Africa Heat Exchangers Market Share (%), By End-use Industry, 2017-2031F
- Figure 100. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 101. By End-use Industry Map-Market Size (USD Billion) & Growth Rate (%), 2023
- Figure 102. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
