热交换器市场，全球市场规模，2024-2029

模组化热交换器在工业应用中的日益普及凸显了对扩充性和灵活性的需求

本研究报告对全球主要地区的热交换器市场进行了深入分析。报告详细说明了北美、拉丁美洲、欧洲、中东和非洲以及亚太地区的热交换器市场。报告也探讨了主要的热交换器类型及其需求驱动趋势。目前，企业面临技术转移受限等挑战。将热交换器与可再生能源系统整合也面临挑战。

Frost & Sullivan 指出，随着企业寻求降低营运成本和环境足迹，节能设计和绿色资料中心正变得越来越重要。 5G 技术的推出将促进数据消费，从而推动对更强大的数据中心基础设施的需求。随着各行各业日益数位化，对资料储存和处理能力的需求也将持续成长。各地区政府都在推动数位经济和智慧城市的发展，刺激了对资料中心基础设施的投资。

本研究深入探讨了热交换器在资料中心的关键应用，并帮助企业更了解该领域的商机。人们越来越关注将智慧技术和物联网功能整合到热交换器中以实现预测性维护。数据分析正成为各行各业的关键，推动了对互联解决方案的需求。智慧建筑对节能暖通空调系统的需求日益增长，推动了热交换器技术的产品开发。

收益预测

基线估计销售额为 160.169 亿美元，2024-2029 年研究期间的复合年增长率为 6.4%。

分析范围

• 过去十年，能源效率和永续性一直是大多数热交换器市场倡议的基础，并推动了技术进步。这些优先事项如今正在影响各行各业选择和部署热交换器解决方案的方式。 Frost & Sullivan 指出，这些因素的影响因地区而异，包括北美、拉丁美洲、欧洲、中东和非洲 (MEA) 以及亚太地区 (APAC)。
• 虽然最终用户优先考虑节能、易于维护和改善热传递，但中小型供应商在跟上新技术和进行必要投资方面面临挑战。
• 企业越来越多地与自动化解决方案供应商合作，开发可客製化的热交换器解决方案并简化维护。他们也致力于提高设备强度，同时实现更轻量化的设计。

市场区隔

热交换器市场

壳管式

• 最常见的热交换器类型，适用于高温高压应用。通常由钢製成，但有时也由钛製成。

垫片板和框架

• 热交换器由一系列薄而间隔的板片组成，这些板片具有较大的表面积和流体流道。这些板片安装在框架中，并用垫片紧密密封。

全焊接板

• 这些热交换器适用于极端温度和压力的应用，并适用于传统垫片式热交换器无法处理的腐蚀性材料。全焊接类型包括螺旋型、混合式和块式。

硬焊板

• 这种热交换器能够承受高温高压。与传统的板式热交换器不同，硬焊板式热交换器 (BPHE) 没有橡胶垫圈，因此能够在更恶劣的条件下运作。

风冷

• 当缺乏可靠的水源来冷却时，工业界会使用这些热交换器。本研究重点在于用于製程工业的风冷式热交换器、天然气压缩机冷水机组和风冷式冷凝器。

冷却塔系统

• 这些热交换器采用蒸发冷却，即上升的空气冷却下降的水。本调查涵盖现场安装和工厂组装两种类型，其中蒸发式冷凝器被归类为工厂组装的热交换器。

三大战略要务对热交换器产业的影响

竞争激烈程度

• 原因：虽然传统发电仍占据主要地区主导地位，但绿色能源来源正快速崛起。热交换器的性能直接影响排放和废热回收，这迫使机器製造商扩展其产品组合併提供更全面的解决方案。
• Frost 观点：持续成长的产业工业化推动了石油天然气、化学和发电产业对热交换器的需求。随着对本地製造的日益重视，区域性公司纷纷进入热交换器市场，以便更好地满足本地需求，加剧了竞争。

变革性大趋势

• 原因：随着可再生能源的普及，製造商正在使用新材料来满足不断变化的性能需求。资料中心也在推动需求。未来十年，各公司计划投资产品开发，以更好地支持可再生能源产业。
• Frost 的观点：随着永续性和碳捕获的重要性日益增加，製造商正在大多数类型的热交换器中使用新材料。人们对可再生能源的日益关注凸显了为氢能等新兴产业开发热交换器的需求。 Frost & Sullivan 预测，这些产业将成为工业设备製造商的主要成长动力。

颠覆性技术

• 原因：在竞争激烈且对扩充性的需求日益增长的背景下，主要的热交换器供应商正在投资技术以保持效率。製造商也正在转向可回收和永续的材料。随着低排放技术的普及，各行各业可能会青睐有助于减少营运排放的热交换器。
• Frost 的观点：供应商越来越重视预测性维护策略，以延长热交换器的使用寿命。他们也正在开发热回收系统，以支持生物质和太阳能等可再生能源。 Frost & Sullivan 发现，空间受限的产业对紧凑型热交换器的需求日益增长，推动了设计和工程领域的创新。

主要竞争对手

• Alfa Laval AB
• SPX FLOW
• Kelvion GmbH
• Baltimore Aircoil
• Balcke-Durr
• Hamon
• SWEP
• Sondex (Danfoss)
• Xylem
• Boyd Corporation
• API Heat Transfer
• Reymsa Cooling Towers
• Paharpur Cooling Towers
• Hisaka
• Vahterus
• Paul Mueller
• Polaris
• HRS Heat Exchangers
• Johnson Controls International
• Taco Comfort Solutions
• Chart Industries Inc.
• Argentrio
• HRS Heat Exchanger
• Gunther GmbH & Co. KG
• Kinam Engineering

竞争环境

参赛者数

• ~全球有 300 多家公司参与热交换器的设计和/或销售

竞争因素

• 价格、性能、能源效率、来自大公司的竞争、可靠性、客户关係

按最终用户产业

• 石油和天然气、发电、化学、食品和饮料、暖通空调、用水和污水、海洋和造船、资料中心、製药

主要竞争对手

• Alfa Laval, Kelvion, SPX FLOW, Baltimore Aircoil

前四大公司销售占比

• 32.1%

其他值得关注的竞争对手

• American Precision Industries (API) Heat Transfer, Tranter SWEAP, and Danfoss

流通结构

• 能源生产和工业建设 (EPIC) 公司或 OEM、直销、分销商

值得关注的併购案

• 2024年初，法国Nexson集团收购了Thermowave GmbH。同样，2024年10月，Wieland收购了义大利壳管式热交换器製造商Onda SpA。阿法拉伐和壳牌正在合作开发用于捕碳封存应用的高效热交换器。

成长动力

• 发电产业需求不断成长
• 电动车（EV）中小型热交换器的出现
• 维持和提高能源效率
• 监管要求和技术创新
• 工业环境中暖通空调使用的成长

成长抑制因素

• 原物料价格波动
• 初始成本高
• 监理和合规问题
• 整合、维护和操作复杂性
• 性能变化

目录

成长机会研究范围

• 分析范围
• 市场区隔
• 区域市场区隔
• 最终用户产业的定义

成长环境：热交换器领域的变革

• 为何成长变得越来越困难？
• The Strategic Imperative 8（TM）
• 热交换器产业面临的三大策略影响

热交换器产业生态系统

• 分销管道
• 竞争环境
• 主要竞争对手

成长要素

• 成长指标
• 驱动程式
• 驱动因素分析
• 成长阻碍因素
• 成长阻碍因素分析
• 预测先决条件
• 收益预测
• 收益预测分析
• 按产品分類的收益预测
• 按产品分類的收益分析
• 产品分析 - 技术焦点
• 各地区收益预测
• 区域收益分析
• 主要热交换器供应商（按地区）
• 区域热点
• 各行业收益预测
• 产业收益预测讨论
• 热交换器市场（按行业）- 氢气
• 热交换器市场（按行业）- 石油和天然气 - 液化天然气 (LNG)
• 热交换器市场（按行业）- 资料中心 - 主机託管
• 热交换器市场（按产业）- 资料中心 - 超大规模
• 主要市场参与企业—超大规模资料中心业者
• 热交换器市场（按行业）- 资料中心 - 加密挖矿
• 收益分析
• 收益份额分析

成长动力：北美

• 成长指标
• 收益预测
• 各行业收益预测
• 按产品类型预测收益
• 收益分析

成长引擎：拉丁美洲

• 成长指标
• 收益预测
• 各行业收益预测
• 按产品类型预测收益
• 收益分析

成长引擎：欧洲

• 成长指标
• 收益预测
• 各行业收益预测
• 按产品类型预测收益
• 收益分析

成长动力：中东和非洲

• 成长指标
• 收益预测
• 各行业收益预测
• 按产品类型预测收益
• 收益预测分析

成长动力：亚太地区

• 成长指标
• 收益预测
• 各行业收益预测
• 按产品类型预测收益
• 收益分析

成长机会宇宙

• 成长机会一：资料中心和汽车产业将成为主要收益来源
• 成长机会2：热交换器製造中的新材料对于长期成功至关重要
• 成长机会三：专注于产品开发，满足可再生能源产业的需求

附录与后续步骤

• 成长机会的益处和影响
• 后续步骤Next steps
• 附表
• 免责声明

Growing Adoption of Modular Heat Exchangers in Industrial Applications Emphasize Need for Scalability and Flexibility

The study provides a detailed understanding of the global heat exchanger market across all major regions: North America, Latin America, Europe, the Middle East & Africa, and Asia-Pacific. It discusses the major heat exchanger types and trends driving demand. Currently, companies face challenges such as restrictions on technology transfers. Integrating heat exchangers with renewable energy systems also presents challenges.

Frost & Sullivan notes a growing emphasis on energy-efficient designs and green data centers, as companies aim to reduce operational costs and environmental impact. The rollout of 5G technology will boost data consumption and increase the need for more robust data center infrastructure. Increasing digitization across industries drives demand for data storage and processing capabilities. Across regions, governments promote the digital economy and smart cities, encouraging investments in data center infrastructure.

This study provides insights into the major applications of heat exchangers in data centers and will help companies better understand opportunities in this space. Integrating smart technologies and IoT capabilities into heat exchangers for predictive maintenance is gaining prominence. Data analytics is becoming crucial across industries, increasing demand for connected solutions. Rising demand for energy-efficient HVAC systems in smart buildings drives product development in heat exchanger technology.

Revenue Forecast

The revenue estimate for the base year is $16,016.9 million, with a CAGR of 6.4% for the study period from 2024 to 2029.

Scope of Analysis

• Over the last decade, energy efficiency and sustainability have underpinned most initiatives in the heat exchanger market, driving technological advancements. These priorities now shape how industries select and implement heat exchanger solutions. Frost & Sullivan notes that the impact of these factors varies across regions, including North America, Latin America, Europe, the Middle East and Africa (MEA), and Asia-Pacific (APAC).
• While end users prioritize energy conservation, easy maintenance, and improved heat transfer, smaller suppliers face challenges in keeping pace with new technologies and making the necessary investments.
• Companies increasingly collaborate with automation solutions providers to develop customizable heat exchanger solutions and simplify maintenance. They also focus on improving equipment strength while enabling lighter designs.

Market Segmentation

Heat Exchanger Market

Shell and Tube

• These heat exchangers are the most common type and best suited for high-temperature, high-pressure applications. They comprise a pressure vessel containing a bundle of metal tubes, usually fabricated from steel, though some use titanium.

Gasketed Plate-and-frame

• These heat exchangers consist of a series of thin, spaced plates with large surface areas and fluid flow channels. The plates mount on frames and use gaskets to seal them securely in place.

All-welded Plate

• These heat exchangers suit extreme temperatures and high-pressure applications involving corrosive substances that traditional gasketed models cannot handle. The all-welded segment includes spiral, hybrid-type, and block heat exchangers.

Brazed Plate

• These heat exchangers handle high temperatures and pressures. Unlike traditional plate heat exchangers, brazed-plate heat exchangers (BPHE) lack rubber gaskets, enabling them to operate under harsher conditions.

Air Cooled

• Industries use these heat exchangers when a reliable water source is unavailable for cooling. This study covers air-cooled heat exchangers for process industries, natural gas compressor coolers, and air-cooled condensers.

Cooling Tower Systems

• These heat exchangers use evaporative cooling, where ascending air cools water flowing downward. This study includes both field-erected and factory-assembled models, with evaporative condensers classified under factory-assembled heat exchangers.

The Impact of the Top 3 Strategic Imperatives on the Heat Exchanger Industry

Competitive Intensity

• Why: While conventional power generation still dominates major regions, green energy sources are rapidly gaining ground. Heat exchanger performance directly affects emissions and waste heat recovery, prompting machinery manufacturers to expand their portfolios and offer more complete solutions.
• Frost Perspective: Ongoing industrialization in growth sectors is driving demand for heat exchangers in oil and gas, chemicals, and power generation. With the emphasis on local manufacturing, regional companies are entering the heat exchanger market to better meet local demand, intensifying competition.

Transformative Mega Trends

• Why: As renewable energy gains traction, manufacturers use new materials to meet evolving performance needs. Data centers also drive growing demand. Over the next decade, companies plan to invest in product development to better support renewable energy sectors.
• Frost Perspective: With sustainability and carbon capture gaining importance, manufacturers are using newer materials across most heat exchanger types. The increasing focus on renewables highlights the need to develop heat exchangers for emerging fields such as hydrogen. Frost & Sullivan forecasts these segments will drive major growth for industrial equipment manufacturers.

Disruptive Technologies

• Why: Given competition and scalability demands, major heat exchanger vendors are investing in technologies to maintain efficiency. Manufacturers are also shifting toward recyclable and sustainable materials. As low-emission technologies gain traction, industries are likely to prefer heat exchangers that help reduce emissions during operations.
• Frost Perspective: Vendors have increasingly focused on predictive maintenance strategies to extend heat exchanger lifespan. They are also developing heat recovery systems compatible with renewable sectors like biomass and solar. Frost & Sullivan observes rising demand for compact heat exchangers in space-constrained industries, driving innovation in design and engineering.

Key Competitors

• Alfa Laval AB
• SPX FLOW
• Kelvion GmbH
• Baltimore Aircoil
• Balcke-Durr
• Hamon
• SWEP
• Sondex (Danfoss)
• Xylem
• Boyd Corporation
• API Heat Transfer
• Reymsa Cooling Towers
• Paharpur Cooling Towers
• Hisaka
• Vahterus
• Paul Mueller
• Polaris
• HRS Heat Exchangers
• Johnson Controls International
• Taco Comfort Solutions
• Chart Industries Inc.
• Argentrio
• HRS Heat Exchanger
• Gunther GmbH & Co. KG
• Kinam Engineering

Competitive Environment

Number of Competitors

• ~300 globally engaged in design and/or sale of heat exchangers

Competitive Factors

• Price, performance, energy efficiency, competition with leading participants, reliability, and customer relationships

End-user Industry Verticals

• Oil and gas, power generation, chemicals, food and beverage, HVAC, water and wastewater, marine and shipbuilding, data centers, and pharmaceuticals

Leading Competitors

• Alfa Laval, Kelvion, SPX FLOW, Baltimore Aircoil

Revenue Share of Top 4 Competitors

• 32.1%

Other Notable Competitors

• American Precision Industries (API) Heat Transfer, Tranter SWEAP, and Danfoss

Distribution Structure

• Energy production and industrial construction (EPIC) companies or OEMs, direct sales, and distributors

Notable Mergers and Acquisitions

• In early 2024, France-based Nexson Group acquired Thermowave GmbH. Similarly, in October 2024, Wieland acquired Italy-based Onda S.p.A., a manufacturer of shell and tube heat exchangers. Companies are also collaborating-Alfa Laval and Shell, for example, are jointly developing efficient heat exchangers for carbon capture and storage applications.

Growth Drivers

• Rising Demand in the Power Generation Sector
• Emergence of Compact Heat Exchangers in Electric Vehicles (EVs)
• Sustaining and Improving Energy Efficiency
• Regulatory Requirements and Technological Innovation
• Growth of HVAC Use in Industrial Settings

Growth Restraints

• Volatility in Raw Material Prices
• High Initial Costs
• Regulatory and Compliance Issues
• Complexities in Integration, Maintenance, and Operation
• Performance Variability

Table of Contents

Growth Opportunities: Research Scope

• Scope of Analysis
• Market Segmentation
• Market Segmentation by Region
• Definition of End-user Industries

Growth Environment: Transformation in the Heat Exchanger Sector

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8™
• The Impact of the Top 3 Strategic Imperatives on the Heat Exchanger Industry

Ecosystem in the Heat Exchanger Sector

• Distribution Channels
• Competitive Environment
• Key Competitors

Growth Generator

• Growth Metrics
• Growth Drivers
• Growth Driver Analysis
• Growth Restraints
• Growth Restraint Analysis
• Forecast Assumptions
• Revenue Forecast
• Revenue Forecast Analysis
• Revenue Forecast by Product
• Revenue Forecast by Product Analysis
• Product Analysis-Technology Focus
• Revenue Forecast by Region
• Revenue Forecast by Region Analysis
• Key Heat Exchanger Vendors by Region
• Regional Hotspots
• Revenue Forecast by Industry Vertical
• Revenue Forecast Discussion by Industry Vertical
• Heat Exchanger Market for Industry Vertical-Hydrogen
• Heat Exchanger Market for Industry Vertical-Oil and Gas-Liquefied Natural Gas LNG
• Heat Exchanger Market for Industry Vertical-Data Centers-Colocation
• Heat Exchanger Market for Industry Vertical-Data Centers-Hyperscalers
• Major Market Participants-Hyperscalers
• Heat Exchanger Market for Industry Vertical-Datacenters-Crypto-mining
• Revenue Share Analysis
• Revenue Share Analysis

Growth Generator: North America

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Product Type
• Revenue Forecast Analysis

Growth Generator: Latin America

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Product Type
• Revenue Forecast Analysis

Growth Generator: Europe

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Product Type
• Revenue Forecast Analysis

Growth Generator: Middle East and Africa

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Product Type
• Revenue Forecast Analysis

Growth Generator: Asia-Pacific

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Product Type
• Revenue Forecast Analysis

Growth Opportunity Universe

• Growth Opportunity 1: Data Centers and the Automotive Sector to Become Major Sources of Revenue Generation
• Growth Opportunity 2: Newer Materials in the Manufacturing of Heat Exchangers Will Be Essential for Long-term Success
• Growth Opportunity 3: Focus on Product Development Efforts to Cater to Renewable Energy Industry

Appendix & Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer