熱交換器市場，全球市場規模，2024-2029

模組化熱交換器在工業應用中的日益普及凸顯了對擴充性和靈活性的需求

本研究報告對全球主要地區的熱交換器市場進行調查分析。報告詳細說明了北美、拉丁美洲、歐洲、中東和非洲以及亞太地區的熱交換器市場。報告也探討了主要的熱交換器類型及其需求驅動趨勢。目前，企業面臨技術轉移受限等挑戰。將熱交換器與再生能源系統整合也面臨挑戰。

Frost & Sullivan 指出，隨著企業尋求降低營運成本和環境足跡，節能設計和綠色資料中心正變得越來越重要。 5G 技術的推出將促進資料消費，推動對更強大的資料中心基礎設施的需求。隨著各行各業日益數位化，對資料儲存和處理能力的需求也將持續成長。各地區政府都在推動數位經濟和智慧城市的發展，刺激了對資料中心基礎設施的投資。

本研究深入探討了熱交換器在資料中心的關鍵應用，並幫助企業更了解該領域的商機。人們越來越關注將智慧技術和物聯網功能整合到熱交換器中以實現預測性維護。資料分析正成為各行各業的關鍵，推動了對互聯解決方案的需求。智慧建築對節能暖通空調系統的需求日益成長，推動了熱交換器技術的產品開發。

收益預測

基本預估銷售額為 160.169億美元，2024-2029年研究期間的年複合成長率為 6.4%。

分析範圍

• 過去十年，能源效率和永續性一直是大多數熱交換器市場舉措的基礎，並推動了技術進步。這些優先事項如今影響各行各業選擇和部署熱交換器解決方案的方式。 Frost & Sullivan 指出，這些因素的影響因地區而異，包括北美、拉丁美洲、歐洲、中東和非洲（MEA）以及亞太地區（APAC）。
• 雖然最終用戶優先考慮節能、易於維護和改善熱傳遞，但中小型供應商在跟上新技術和進行必要投資方面面臨挑戰。
• 企業擴大與自動化解決方案供應商合作，開發可客製化的熱交換器解決方案並簡化維護。他們也致力於提高設備強度，同時實現更輕量化的設計。

市場區隔

熱交換器市場

殼管式

• 最常見的熱交換器類型，適用於高溫高壓應用。通常由鋼製成，但有時也由鈦製成。

墊片板和框架

• 熱交換器由一系列薄而間隔的板片組成，這些板片具有較大的表面積和流體流道。這些板片安裝在框架中，並用墊片緊密密封。

全焊接板

• 這些熱交換器適用於極端溫度和壓力的應用，並適用於傳統墊片式熱交換器無法處理的腐蝕性材料。全焊接類型包括螺旋型、混合式和塊式。

硬焊板

• 這種熱交換器能夠承受高溫高壓。與傳統的板式熱交換器不同，硬焊板式熱交換器（BPHE）沒有橡膠墊圈，因此能夠在更惡劣的條件下運作。

風冷

• 當缺乏可靠的水源來冷卻時，工業界會使用這些熱交換器。本研究重點在於用於製程工業的風冷式熱交換器、天然氣壓縮機冷水機組和風冷式冷凝器。

冷卻塔系統

• 這些熱交換器採用蒸發冷卻，即上升的空氣冷卻下降的水。本調查涵蓋現場安裝和工廠組裝兩種類型，其中蒸發式冷凝器被歸類為工廠組裝的熱交換器。

三大戰略要務對熱交換器產業的影響

競爭激烈程度

• 原因：雖然傳統發電仍佔據主要地區主導地位，但綠色能源來源正快速崛起。熱交換器的性能直接影響排放和廢熱回收，這迫使機器製造商擴展其產品組合併提供更全面的解決方案。
• Frost 觀點：持續成長的產業工業化推動了石油天然氣、化學和發電產業對熱交換器的需求。隨著對本地製造的日益重視，區域性公司紛紛進入熱交換器市場，以便更佳滿足本地需求，加劇了競爭。

變革性大趨勢

• 原因：隨著再生能源的普及，製造商使用新材料來滿足不斷變化的性能需求。資料中心也在推動需求。未來十年，各公司計劃投資產品開發，以更佳支持再生能源產業。
• Frost 的觀點：隨著永續性和碳捕獲的重要性日益增加，製造商大多數類型的熱交換器中使用新材料。人們對再生能源的日益關注凸顯了為氫能等新興產業開發熱交換器的需求。 Frost & Sullivan 預測，這些產業將成為工業設備製造商的主要成長動力。

顛覆性技術

• 原因：在競爭激烈且對擴充性的需求日益成長的背景下，主要的熱交換器供應商投資技術以保持效率。製造商也轉向可回收和永續的材料。隨著低排放技術的普及，各行各業可能會青睞有助於減少營運排放的熱交換器。
• Frost 的觀點：供應商越來越重視預測性維護策略，以延長熱交換器的使用壽命。他們也開發熱回收系統，以支持生質能和太陽能等再生能源。 Frost & Sullivan 發現，空間受限的產業對緊湊型熱交換器的需求日益成長，推動了設計和工程領域的創新。

主要競爭對手

• 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

競爭環境

競爭者數

• ~全球有 300 多家公司參與熱交換器的設計和/或銷售

競爭因素

• 價格、性能、能源效率、來自大公司的競爭、可靠性、客戶關係

依最終用戶產業

• 石油和天然氣、發電、化學、食品和飲料、暖通空調、用水和污水、海洋和造船、資料中心、製藥

主要競爭對手

• Alfa Laval, Kelvion, SPX FLOW, Baltimore Aircoil

前四大公司銷售佔比

• 32.1%

其他值得關注的競爭對手

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

流通結構

• 能源生產和工業建設（EPIC）公司或 OEM、直銷、分銷商

值得關注的併購案

• 2024年初，法國Nexson Group收購了Thermowave GmbH。同樣，2024年10月，Wieland收購了義大利殼管式熱交換器製造商Onda S.p.A.。Alfa Laval和Shell合作開發用於捕碳封存應用的高效熱交換器。

成長動力

• 發電產業需求不斷成長
• 電動車（EV）中小型熱交換器的出現
• 維持和提高能源效率
• 監管要求和技術創新
• 工業環境中暖通空調使用的成長

成長抑制因素

• 原物料價格波動
• 初始成本高
• 監理和合規問題
• 整合、維護和操作複雜性
• 性能變化

目錄

成長機會研究範圍

• 分析範圍
• 市場區隔
• 區域市場區隔
• 最終用戶產業的定義

成長環境：熱交換器領域的變革

• 為何成長變得越來越困難？
• The Strategic Imperative 8（TM）
• 熱交換器產業面臨的三大策略影響

熱交換器產業生態系統

• 通路
• 競爭環境
• 主要競爭對手

成長要素

• 成長指標
• 促進因素
• 促進因素分析
• 成長阻礙因素
• 成長阻礙因素分析
• 預測先決條件
• 收益預測
• 收益預測分析
• 依產品分類的收益預測
• 依產品分類的收益分析
• 產品分析 - 技術焦點
• 各地區收益預測
• 區域收益分析
• 主要熱交換器供應商（依地區）
• 區域熱點
• 各行業收益預測
• 產業收益預測討論
• 熱交換器市場（依行業）- 氫氣
• 熱交換器市場（依行業）- 石油和天然氣 - 液化天然氣（LNG）
• 熱交換器市場（依行業）- 資料中心 - 主機託管
• 熱交換器市場（依產業）- 資料中心 - 超大規模
• 主要市場參與企業 - 超大規模資料中心業者
• 熱交換器市場（依行業）- 資料中心 - 加密挖礦
• 收益分析
• 收益佔有率分析

成長動力：北美

• 成長指標
• 收益預測
• 各行業收益預測
• 依產品類型預測收益
• 收益分析

成長引擎：拉丁美洲

• 成長指標
• 收益預測
• 各行業收益預測
• 依產品類型預測收益
• 收益分析

成長引擎：歐洲

• 成長指標
• 收益預測
• 各行業收益預測
• 依產品類型預測收益
• 收益分析

成長動力：中東和非洲

• 成長指標
• 收益預測
• 各行業收益預測
• 依產品類型預測收益
• 收益預測分析

成長動力：亞太地區

• 成長指標
• 收益預測
• 各行業收益預測
• 依產品類型預測收益
• 收益分析

成長機會宇宙

• 成長機會1：資料中心和汽車產業將成為主要收益來源
• 成長機會2：熱交換器製造中的新材料對於長期成功非常重要
• 成長機會3：致力於產品開發，滿足再生能源產業的需求

附錄與後續步驟

• 成長機會的益處和影響
• 後續步驟
• 附表
• 免責聲明

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