Heat Exchangers Market in Europe 2023

Heat exchangers are devices designed to transfer heat from one fluid to another fluid or to the environment while keeping the fluids separate. They are used in a wide range of applications, including refrigeration and air conditioning, chemical processing, power generation, and food processing. The heat exchangers in Europe market is expected to increase by USD 1.5 billion, at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2029, according to the latest edition of the Heat Exchangers Market in Europe Report.

This industry report offers market estimates of the Europe market, followed by a detailed analysis of the product, end user, and country. The Europe market data on heat exchangers can be segmented by product: air-cooled, all-welded plate, brazed plate, cooling tower systems, gasketed plate and frame, shell and tube. The gasketed plate and frame heat exchangers segment captured the largest share of the market in 2022. Heat exchangers market is further segmented by end user: chemicals and petrochemicals, food and beverages, HVAC and refrigeration, marine, mining, oil and gas, pharmaceuticals, power generation, water and wastewater treatment, others. The chemicals and petrochemicals segment held the largest share of the Europe heat exchangers market in 2022 and is anticipated to hold its share during the forecast period. Based on country, the heat exchangers market is segmented into: France, Germany, Italy, Nordic, Spain, UK, Rest of Europe. In 2022, Germany made up the largest share of revenue generated by the heat exchangers market.

The Europe heat exchangers market is highly competitive. The key players in the heat exchangers market include Alfa Laval AB, API Heat Transfer Inc., BALCKE-DURR GmbH (Mutares SE & Co. KGaA), Baltimore Aircoil Company, Boyd Corporation, Chart Industries Inc., Danfoss A/S, Graham Corporation, Hamon & Cie (International) SA, HISAKA WORKS LTD., Kelvion Holding GmbH, Paharpur Cooling Towers Private Limited, Paul Mueller Company, REYMSA Cooling Towers Inc., SPX FLOW Inc. , Swep International A.B., Vahterus Oy, Xylem Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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