Europe Heat Exchanger Market by Applications (Residential, Commercial, and Industrial) and Geographies (Germany, Italy, France, and the Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Europe Heat Exchanger market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for automotive and industrial sectors.
Heat exchanger is an equipment or device that transfers energy between two or more fluids at different temperatures. Various types of heat exchangers are developed for a wide range of domestic and industrial applications. This includes steam power plants, chemical processing plants, building heat & air conditioning systems, and transportation power systems.
Heat exchangers are applied in both cooling as well as heating processes. The fluids may be separated from solid wall to prevent mixing or may be in direct contact with each other. They are also used in space heating, refrigeration, petrochemical plants, petroleum refineries, natural gas processing, and sewage treatment. The heat exchanger is also utilized in an internal combustion engine. In this system, a circulating fluid, also known as engine coolant, flows through radiator coils and air flows past the coils, which cools the coolant and heats the incoming air.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid industrialization and urbanization are the major factors that are driving the heat exchanger market growth.
- Introduction of rigorous emission norms to reduce emissions is anticipated to propel the market expansion during the forecast period.
- Low weight and compact size of heat exchangers as compared to the conventional types is speculated to fuel the market growth.
- Shell and tube are the broadly used types of heat exchangers, which are major factors pushing the market growth during the forecast period.
- Low-pressure drop, economic viability, and high efficiency are some of the significant features that may favor product adoption over available alternatives, which in turn, can boost the market expansion in the coming years.
- The COVID-19 outbreak and the imposition of lockdown restrictions by governing agencies had negatively impacted the operations at various manufacturing units. However, the relaxation in the restrictions is expected to positively influence the market growth.
- Increasing cost of production of heat exchangers due to increasing price of raw materials can hamper the European heat exchangers market growth during the forecast period.
- Increasing R&D investments and ongoing technological advancements with the development of new hybrid heat exchangers is anticipated to create significant opportunities for the market players in the projected timeline.
Scope of the Report
The report on the Europe heat exchange market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Europe Heat Exchange Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
|
Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Residential, Commercial, and Industrial) |
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Geographic Scope |
Germany, Italy, France, and Rest of Europe |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Vahterus Oy, Alfa Laval, Danfoss A/S, Hisaka Works Ltd, and LARSEN & TOUBRO LIMITED |
Europe Heat Exchange Market Segment Insights
Industrial segment is projected to account for a large market share
On the basis of applications, the market is segmented into residential, commercial, and industrial. The industrial segment is expected to hold a key market share during the forecast period due to the rapid industrialization. Shell and tube heat exchangers in industrial applications can manage fluids at high temperatures and pressures due to which they are preferred in a variety of applications, such as chemical, petrochemical, oil & gas, food & beverage, and power generation.
Germany to dominate the market
In terms of geographies, the market is categorized as Germany, Italy, France, and the Rest of Europe. Germany is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to rising concerns toward environmental pollution and shifting trends to curb carbon emissions across the industrial sector. Growing demand for centralized heating systems across the commercial and residential sectors is contributing to the industry expansion in the country. Germany is transforming waste heat to electricity with the help of a heat exchanger, which is used in the thermal power plant.
Segments
Segments Covered in the Report
The global Europe heat exchange market has been segmented on the basis of
Applications
- Residential
- Commercial
- Industrial
Geographies
- Germany
- Italy
- France
- Rest of Europe
Key Players
- Vahterus Oy
- Alfa Laval
- Danfoss A/S
- Hisaka Works Ltd
- LARSEN & TOUBRO LIMITED
Competitive Landscape
Key players competing in the Europe heat exchange market include Vahterus Oy, Alfa Laval, Danfoss A/S, Hisaka Works Ltd, and LARSEN & TOUBRO LIMITED.
Companies are engaging in partnerships and collaborations to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heat Exchanger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heat Exchanger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heat Exchanger Market - Supply Chain
4.5. Global Heat Exchanger Market Forecast
4.5.1. Heat Exchanger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heat Exchanger Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Heat Exchanger Market Absolute $ Opportunity
5. Global Heat Exchanger Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Heat Exchanger Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Heat Exchanger Demand Share Forecast, 2019-2026
6. North America Heat Exchanger Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Heat Exchanger Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Heat Exchanger Demand Share Forecast, 2019-2026
7. Latin America Heat Exchanger Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Heat Exchanger Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Heat Exchanger Demand Share Forecast, 2019-2026
8. Europe Heat Exchanger Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Heat Exchanger Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Heat Exchanger Demand Share Forecast, 2019-2026
9. Asia Pacific Heat Exchanger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Heat Exchanger Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Heat Exchanger Demand Share Forecast, 2019-2026
10. Middle East & Africa Heat Exchanger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Heat Exchanger Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Heat Exchanger Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Heat Exchanger Market: Market Share Analysis
11.2. Heat Exchanger Distributors and Customers
11.3. Heat Exchanger Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Vahterus Oy Alfa Laval Danfoss A/S Hisaka Works Ltd LARSEN & TOUBRO LIMITED
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heat Exchanger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heat Exchanger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heat Exchanger Market - Supply Chain
4.5. Global Heat Exchanger Market Forecast
4.5.1. Heat Exchanger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heat Exchanger Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Heat Exchanger Market Absolute $ Opportunity
5. Global Heat Exchanger Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Heat Exchanger Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Heat Exchanger Demand Share Forecast, 2019-2026
6. North America Heat Exchanger Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Heat Exchanger Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Heat Exchanger Demand Share Forecast, 2019-2026
7. Latin America Heat Exchanger Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Heat Exchanger Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Heat Exchanger Demand Share Forecast, 2019-2026
8. Europe Heat Exchanger Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Heat Exchanger Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Heat Exchanger Demand Share Forecast, 2019-2026
9. Asia Pacific Heat Exchanger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Heat Exchanger Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Heat Exchanger Demand Share Forecast, 2019-2026
10. Middle East & Africa Heat Exchanger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Heat Exchanger Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Heat Exchanger Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Heat Exchanger Market: Market Share Analysis
11.2. Heat Exchanger Distributors and Customers
11.3. Heat Exchanger Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Vahterus Oy Alfa Laval Danfoss A/S Hisaka Works Ltd LARSEN & TOUBRO LIMITED
Segments Covered in the Report
The global Europe heat exchange market has been segmented on the basis of
Applications
- Residential
- Commercial
- Industrial
Geographies
- Germany
- Italy
- France
- Rest of Europe
Key Players
- Vahterus Oy
- Alfa Laval
- Danfoss A/S
- Hisaka Works Ltd
- LARSEN & TOUBRO LIMITED
Key players competing in the Europe heat exchange market include Vahterus Oy, Alfa Laval, Danfoss A/S, Hisaka Works Ltd, and LARSEN & TOUBRO LIMITED.
Companies are engaging in partnerships and collaborations to expand their market share.
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