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市場調查報告書
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1851425

熱交換器：市場佔有率分析、行業趨勢、統計數據和成長預測（2025-2030 年）

Heat Exchanger - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
出版日期: | 出版商: Mordor Intelligence | 英文 188 Pages | 商品交期: 2-3個工作天內

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簡介目錄

據估計，到 2025 年，熱交換器市場規模將達到 182.8 億美元，預計到 2030 年將達到 235.4 億美元，在預測期（2025-2030 年）內，複合年成長率將達到 5.19%。

熱交換器市場-IMG1

液化天然氣基礎設施的建設、資料中心液冷技術的應用以及鼓勵提高工業鍋爐和區域能源網路效率的法規，共同推動了產業成長。儘管殼管式技術仍然是高壓應用的主流，但隨著節水概念的推動，空冷設備正迅速普及。氫氣先導計畫和超臨界二氧化碳動力循環正在推動對特種合金的需求，而模組化印刷電路設計在極端壓力和空間限制並存的領域也越來越受歡迎。同時，專業製造商正瞄準低溫液化天然氣裝置和200巴氫氣裝置等細分市場。

全球熱交換器市場趨勢與洞察

液化天然氣計劃激增帶動低溫熱交換器需求成長

全球中大型液化天然氣（LNG）裝置的建造需要能夠在低於-150 度C的溫度下運作並滿足嚴格熱性能要求的盤管式和板翅式熱交換器，這加速了對高等級不銹鋼和鋁合金的採購。模組化熱交換器撬裝設備縮短了工期，減少了成本超支，並使採用3D列印流板以減輕重量和增強湍流的製造商受益。預計2025年至2026年，墨西哥灣沿岸和卡達的大型企劃將主導熱交換器市場，而亞洲各地棕地改造帶來的額外需求也將推動市場成長。擁有ASME第八卷認證且交貨週期為12週的供應商有望獲得框架契約，因為EPC公司正在規範設備清單以降低工期風險。

海灣合作理事會和東南亞地區冷凍業務的擴張推動了平板車銷售。

在杜拜、利雅德和新加坡等潮濕的都市區，為了降低電力高峰負荷，政府持續補貼區域冷卻系統，促使電力公司指定使用墊片式板框熱交換器，因為這種熱交換器體積小巧且易於擴容。這些熱交換器採用不銹鋼或鈦合金板片來防止海水腐蝕，區域營運商要求99%的可用性保證。隨著特許經營業者轉向基於績效的維護模式，捆綁狀態監測感測器的特許經營設備製造商（OEM）有望獲得持續的業務收益。

鎳和鈦價格波動促進了耐腐蝕單元的發展

自2024年以來，一級鎳和航太級鈦的價格環比波動高達35%，這削弱了氫能、海洋和海上計劃的訂單量，因為這些項目的材料規格無法降低。加工商將額外費用轉嫁給EPC客戶，但預算超支導致計劃延期，近期熱交換器市場銷售萎縮。不銹鋼複合板可以部分抵消價格波動的影響，但異種金屬的擴散焊接使焊接完整性認證變得複雜。

細分市場分析

到2024年，殼管式熱交換器將佔據35%的市場佔有率，在壓力超過60巴且結垢容差較高的情況下，它仍將是首選方案。 TEMA標準化分類簡化了煉油廠、液化天然氣預處理裝置和硫磺回收裝置的規格，從而促進了管束和墊片的重複訂單，進而增加了售後市場收入。同時，由於印度、德克薩斯和中東等缺水地區的電力公司優先考慮零液體排放策略，並採用強制通風風機和低噪音齒輪箱驅動機組，空冷式熱交換器的年複合成長率達到了6%。

從2025年到2030年，隨著設計人員尋求傳統殼體無法滿足的緊湊型設計，印刷電路板式和螺旋纏繞式熱交換器可能會在高壓氫氣和超臨界二氧化碳循環領域蠶食市場佔有率。儘管如此，對於現有設施的維修，棕地市場仍將繼續青睞殼管式熱交換器，因為現有噴嘴位置可以納入改造方案，且生命週期成本更容易預測。採用不銹鋼殼體和銅鎳管的船舶洗滌器將滿足IMO 2020合規預算的需求，從而推動銷售量小幅成長。

到2024年，不鏽鋼將維持30%的熱交換器市場佔有率。在食品飲料和製藥行業，其衛生級表面處理和低碳含量使製造商無需使用更昂貴的合金即可滿足法規要求。鈦、鎳、因科洛伊合金和哈氏合金等特殊合金到2030年將以6.5%的複合年成長率成長，用於氫氣捕獲、海水淡化和海上風力發電平台等應用，在這些應用中，由於氯化物含量高的鹽水和氫脆問題，不銹鋼不再適用。

聚合物和複合材料從微小基體開始生長，例如聚四氟乙烯（PTFE）和石墨塊在強酸性或含氟流體中性能優於金屬，尤其是在半導體濕蝕刻和鋰離子電池回收領域。積層製造技術能夠建造雙材料晶格，僅在腐蝕風險高的區域使用高合金材料，從而降低成本和重量。諸如此類的創新正推動熱交換器產業超越傳統的不銹鋼材料範疇，邁向應用導向冶金技術。

熱交換器市場報告按類型（殼管式、板框式、空冷式、其他）、結構材料（不銹鋼、碳鋼、其他）、流動佈置（逆流式、並流式、交叉流式、混合/多通道式）、終端用戶行業（石油和天然氣、發電、水和污水處理、其他）以及地區（北美、亞太、南美、其他）進行細分。

區域分析

到2024年，歐洲將佔全球銷售額的33%，這主要得益於歐盟的生態設計指令，該指令旨在促進鍋爐維修和區域能源部署。德國的綜合氫能策略正將資金投入電解槽工廠的印刷電路原型研發中，從而支撐了熱交換器市場的高價值領域。法國正在加速推進小型模組化反應器（SMR）計劃需要緊湊型安全等級的熱交換器；而北歐國家則率先開發利用鈦板組件和環境海水的低溫區域循環系統。隨著執行時間保證在競標評分中佔據重要地位，持有EN13445壓力容器認證的原始設備製造商（OEM）和區域備件中心將獲得更多市場佔有率。

亞太地區到2030年將以5.9%的複合年成長率實現最快增速，銷量成長主要得益於中國石化產能擴張、印度電力裝機容量擴張以及東協區域供冷權益。國內製造商正利用成本優勢的供應鏈贏得殼管式冷凝器訂單，而日韓企業則專注於為氨裂解中試裝置生產鈦鎳基冷凝器。本地工程總承包商重視能夠提供10週或更短交貨期的模組化撬裝設備的供應商，迫使全球品牌將生產在地化。

北美受益於墨西哥灣沿岸的液化天然氣出口終端以及維吉尼亞、德克薩斯州和魁北克省的資料中心園區擴建。美國能源局氫能中心為採用擴散焊接鎳合金的粉末煤氣化裝置（PCHE）示範試驗提供津貼。加拿大油砂業者正在維修氣動翅片裝置，以減少用水量並為風扇輔助設備創建二次吸力。在拉丁美洲，採礦精礦和太陽熱能發電發電廠正在推動精品訂單，而中東的海水淡化和石化大型綜合體則支撐著需求。非洲的成長動能雖然不強勁，但十分穩健，這得益於銅帶地區冶煉廠的升級改造。

其他福利：

  • Excel格式的市場預測（ME）表
  • 3個月的分析師支持

目錄

第1章 引言

  • 研究假設和市場定義
  • 調查範圍

第2章調查方法

第3章執行摘要

第4章 市場情勢

  • 市場概覽
  • 市場促進因素
    • 液化天然氣計劃激增帶動低溫熱交換器需求成長
    • 海灣合作理事會和東南亞地區區域冷卻的擴張推動了平板車架的銷售
    • 氫氣中試裝置採用印刷電路板式熱交換器，工作壓力為 200 巴
    • 歐盟強制工業鍋爐升級改造重點在於改造管束
    • 小型模組化反應器（SMR）部署需要小型、安全的熱交換器。
    • 資料中心液冷部署加速微通道技術的應用
  • 市場限制
    • 鎳和鈦的價格波動推高了耐腐蝕部件的價格。
    • 生物製程的結垢問題限制了其在生物煉製廠的應用。
    • EPC對12週前置作業時間的需求抑制了訂單訂單設計。
    • 直接空氣冷卻會蠶食發電廠中的空冷式熱交換器。
  • 供應鏈分析
  • 監理展望
  • 技術展望
  • 波特五力模型
    • 供應商的議價能力
    • 買方的議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭對手之間的競爭

第5章 市場規模與成長預測

  • 按類型
    • 殼管
    • 板材及框架（墊片板、硬焊板、焊接板）
    • 空氣冷卻（翅片管式、板翅式、微通道式）
    • 再生式（旋轉式和平板式）
    • 印刷電路
    • 其他（雙管、螺旋、同軸）
  • 按建築材料
    • 防鏽的
    • 碳鋼
    • 有色金屬（銅、鋁）
    • 特殊合金（鈦、鎳、哈氏合金）
    • 聚合物和複合材料（聚四氟乙烯、石墨、陶瓷）
  • 按流程佈置
    • 反向電流
    • 平行線
    • 交叉流
    • 混合/多路徑
  • 按最終用途行業分類
    • 石油和天然氣
    • 化工/石油化工
    • 發電（包括核能）
    • 飲食
    • 紙漿和造紙
    • 水和污水處理
    • 其他產業（汽車及運輸、冶金、採礦、暖通空調冷凍、製藥及生技）
  • 按地區
    • 北美洲
      • 美國
      • 加拿大
      • 墨西哥
    • 歐洲
      • 英國
      • 德國
      • 法國
      • 義大利
      • 西班牙
      • 北歐國家
      • 俄羅斯
      • 其他歐洲地區
    • 亞太地區
      • 中國
      • 印度
      • 日本
      • 韓國
      • 東南亞國協
      • 澳洲
      • 亞太其他地區
    • 南美洲
      • 巴西
      • 阿根廷
      • 智利
      • 哥倫比亞
      • 其他南美洲
    • 中東和非洲
      • 沙烏地阿拉伯
      • 阿拉伯聯合大公國
      • 南非
      • 埃及
      • 其他中東和非洲地區

第6章 競爭情勢

  • 市場集中度
  • 策略性舉措（併購、夥伴關係、購電協議）
  • 市場佔有率分析（主要企業的市場排名/佔有率）
  • 公司簡介
    • Alfa Laval AB
    • Kelvion Holding GmbH
    • Danfoss A/S
    • SPX Flow Inc.
    • GEA Group AG
    • Hisaka Works Ltd.
    • Xylem Inc.
    • Thermax Ltd.
    • Mersen SA
    • API Heat Transfer Inc.
    • GE Vernova Inc.
    • Barriquand Technologies Thermiques SAS
    • Koch Heat Transfer Company LP
    • SWEP International AB
    • Heatric
    • Kobelco Steel Ltd.
    • Accessen Group
    • Funke WarmeaustauscherGmbH
    • Tranter Inc.
    • HRS Heat Exchangers Ltd.
    • Hamon Thermal Europe SA
    • Graham Corporation
    • United Heat Transfer Ltd.
    • KRN Heat Exchanger & Refrigeration Ltd.

第7章 市場機會與未來展望

簡介目錄
Product Code: 52593

The Heat Exchanger Market size is estimated at USD 18.28 billion in 2025, and is expected to reach USD 23.54 billion by 2030, at a CAGR of 5.19% during the forecast period (2025-2030).

Heat Exchanger - Market - IMG1

Growth is fueled by LNG infrastructure build-outs, data-center liquid-cooling adoption, and regulations that force efficiency upgrades in industrial boilers and district energy networks. Shell-and-tube systems remain the mainstay for high-pressure duties, yet air-cooled equipment is scaling rapidly as water conservation drives procurement decisions. Exotic alloy demand rises in line with hydrogen pilot projects and super-critical CO2 power cycles, while modular printed-circuit designs gain traction where extreme pressures converge with space constraints. Competitive dynamics stay moderately fragmented: global incumbents rely on broad portfolios and aftermarket reach, whereas specialists target niches such as cryogenic LNG trains and 200-bar hydrogen units.

Global Heat Exchanger Market Trends and Insights

Surge in LNG Liquefaction Projects Boosting Demand for Cryogenic Exchangers

Global build-outs of mid-scale and large LNG trains require coil-wound and plate-fin units that perform below -150 °C while maintaining tight thermal approaches, accelerating procurement of high-grade stainless steels and aluminum alloys . Modular exchanger skids shorten construction schedules and curb cost overruns, benefiting fabricators integrating 3D-printed flow plates for weight reduction and enhanced turbulence. During 2025-2026, Gulf Coast and Qatari megaprojects are expected to anchor the heat exchanger market, with secondary demand arising from brownfield debottlenecking across Asia. Suppliers that certify to ASME Section VIII while offering 12-week delivery windows will secure framework contracts as EPC firms standardize equipment lists to de-risk timelines.

District-Cooling Expansion in GCC & Southeast Asia Driving Plate-Frame Sales

High-humidity metros such as Dubai, Riyadh, and Singapore continue to subsidize district-cooling systems to shave peak power loads, prompting utilities to specify gasketed plate-frame exchangers owing to compact footprints and easy capacity scaling . These deployments rely on stainless and titanium plates to mitigate brine corrosion, with district operators demanding 99% availability guarantees. OEMs that bundle condition-monitoring sensors will capture recurring service revenue as concession operators pivot toward performance-based maintenance models.

Nickel and Titanium Price Volatility Inflating Corrosion-Resistant Units

Class 1 nickel and aerospace-grade titanium prices have swung by up to 35% quarter-on-quarter since 2024, undermining order pipelines for hydrogen, marine, and offshore projects that cannot down-spec materials. Fabricators pass surcharges to EPC clients, but budget overruns trigger project deferrals, trimming short-term volumes in the heat exchanger market. Stainless-steel clad plates partly offset exposure, yet diffusion bonding of dissimilar metals complicates weld integrity certification.

Other drivers and restraints analyzed in the detailed report include:

  1. Hydrogen Pilot Plants Adopting Printed-Circuit Exchangers for 200-Bar Service
  2. Data-Centre Liquid-Cooling Uptake Accelerating Micro-Channel Adoption
  3. Bio-Process Fouling Issues Limiting Adoption in Biorefineries

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Shell-and-tube designs retained 35% of the heat exchanger market share in 2024, upholding their position as the default choice where pressures exceed 60 bar and fouling margins are high. Their standardized TEMA classifications simplify specification for refineries, LNG pretreatment trains, and sulfur recovery units, supporting repeat orders for tube bundles and gaskets that underpin aftermarket revenues. At the same time, air-cooled variants are climbing at a 6% CAGR as water-stressed utilities in India, Texas, and the Middle East prioritize zero-liquid-discharge strategies, driving units with forced-draft fans and low-noise gearboxes.

Across 2025-2030, printed-circuit and spiral-wound formats will nibble share in high-pressure hydrogen and super-critical CO2 cycles as designers seek compact footprints that conventional shells cannot match. Nevertheless, the heat exchanger market will continue to favor shell-and-tube for brownfield revamps because existing nozzle locations fit retrofit bundles, keeping life-cycle costs predictable. Suppliers that blend stainless-steel shells with copper-nickel tubes for marine scrubbers will tap IMO 2020 compliance budgets, adding a modest lift to volumes.

Stainless steel maintained 30% of the heat exchanger market size in 2024 because grades such as 316L balance corrosion resistance and cost efficiency. In food, beverage, and pharmaceutical lines, sanitary finishes and low-carbon content fulfill regulatory mandates without premium alloy surcharges. Exotic alloys-titanium, nickel, Incoloy, and Hastelloy-are moving at a 6.5% CAGR through 2030, capturing hydrogen, desalination, and offshore wind converter platforms where chloride-rich brines or hydrogen embrittlement preclude stainless options.

Polymers and composites grow from a small base as PTFE and graphite blocks outperform metals under highly acidic or fluoride-laden streams, notably in semiconductor wet-etch and lithium-ion battery recycling. Additive manufacturing unlocks dual-material lattices that place high-alloy material only where corrosion is severe, trimming cost and weight. Such innovations cement the heat exchanger industry's transition toward application-specific metallurgy rather than defaulting to legacy stainless catalogues.

The Heat Exchanger Market Report is Segmented by Type (Shell and Tube, Plate Frame, Air-Cooled, and Others), Material of Construction (Stainless Steel, Carbon Steel and Others), Flow Arrangement (Counter-Current, Parallel, Cross-Flow, and Hybrid/Multi-Pass), End-User Industry (Oil and Gas, Power Generation, Water and Waste-Water Treatment, and Others), and Geography (North America, Europe, Asia-Pacific, South America and Others).

Geography Analysis

Europe commanded 33% of 2024 global revenue, propelled by EU Eco-design directives that push boiler retrofits and district energy rollouts. Germany's integrated hydrogen strategy channels funding toward printed-circuit prototypes for electrolyzer plants, anchoring a high-value corner of the heat exchanger market. France accelerates SMR projects that require compact safety-class exchangers, while Nordic countries pioneer low-temperature district loops using titanium plate packs to exploit ambient seawater. OEMs maintaining EN13445 pressure-vessel accreditations and in-region spare-parts hubs capture share as uptime guarantees dominate tender scoring.

Asia-Pacific posts the fastest 5.9% CAGR to 2030, with China's petrochemical capacity additions, India's expanding power fleet, and ASEAN district-cooling concessions underpinning volume growth. Domestic manufacturers leverage cost-advantaged supply chains to win shell-and-tube orders, while Japanese and Korean firms focus on titanium and nickel PCHEs for ammonia-cracking pilots. Local EPCs value suppliers that offer modular skids shipped within 10 weeks, compelling global brands to localize fabrication or risk losing relevance amid aggressive pricing.

North America benefits from LNG export terminals along the Gulf Coast and data-center campus expansions across Virginia, Texas, and Quebec. The US Department of Energy's hydrogen hubs funnel grants into PCHE demonstrations that use diffusion-bonded nickel alloys. Canada's oil-sands operators retrofit air-fin units to curtail water withdrawals, creating a secondary pull on fan-assisted equipment. Across Latin America, mining concentrates and solar-thermal plants drive boutique orders, whereas the Middle East leans on desalination and petrochemical mega-complexes to sustain demand. Africa's momentum remains gradual but steady, tied to copper-belt smelting upgrades.

  1. Alfa Laval AB
  2. Kelvion Holding GmbH
  3. Danfoss A/S
  4. SPX Flow Inc.
  5. GEA Group AG
  6. Hisaka Works Ltd.
  7. Xylem Inc.
  8. Thermax Ltd.
  9. Mersen SA
  10. API Heat Transfer Inc.
  11. GE Vernova Inc.
  12. Barriquand Technologies Thermiques SAS
  13. Koch Heat Transfer Company LP
  14. SWEP International AB
  15. Heatric
  16. Kobelco Steel Ltd.
  17. Accessen Group
  18. Funke WarmeaustauscherGmbH
  19. Tranter Inc.
  20. HRS Heat Exchangers Ltd.
  21. Hamon Thermal Europe SA
  22. Graham Corporation
  23. United Heat Transfer Ltd.
  24. KRN Heat Exchanger & Refrigeration Ltd.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surge in LNG liquefaction projects boosting demand for cryogenic exchangers
    • 4.2.2 District-cooling expansion in GCC & SE-Asia driving plate-frame sales
    • 4.2.3 Hydrogen pilot plants adopting printed-circuit exchangers for 200-bar service
    • 4.2.4 Mandatory EU industrial boiler upgrades spurring retrofit tube bundles
    • 4.2.5 SMR (small modular reactor) roll-out needing compact safety-class exchangers
    • 4.2.6 Data-centre liquid cooling uptake accelerating micro-channel adoption
  • 4.3 Market Restraints
    • 4.3.1 Nickel & titanium price volatility inflating corrosion-resistant units
    • 4.3.2 Bio-process fouling issues limiting adoption in biorefineries
    • 4.3.3 EPC demand for 12-week lead-times curbing engineered-to-order designs
    • 4.3.4 Direct air-cooling in power plants cannibalising air-cooled exchangers
  • 4.4 Supply-Chain Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5 Market Size & Growth Forecasts

  • 5.1 By Type
    • 5.1.1 Shell and Tube
    • 5.1.2 Plate and Frame (Gasketed Plate, Brazed Plate, Welded Plate)
    • 5.1.3 Air-Cooled (Fin and Tube, Plate-Fin, Micro-Channel)
    • 5.1.4 Regenerative (Rotary and Plate)
    • 5.1.5 Printed Circuit
    • 5.1.6 Others (Double-Pipe, Spiral, Coaxial)
  • 5.2 By Material of Construction
    • 5.2.1 Stainless Steel
    • 5.2.2 Carbon Steel
    • 5.2.3 Non-Ferrous (Copper, Aluminium)
    • 5.2.4 Exotic Alloys (Titanium, Nickel, Hastelloy)
    • 5.2.5 Polymers and Composites (PTFE, Graphite, Ceramic)
  • 5.3 By Flow Arrangement
    • 5.3.1 Counter-Current
    • 5.3.2 Parallel
    • 5.3.3 Cross-Flow
    • 5.3.4 Hybrid/Multi-Pass
  • 5.4 By End-Use Industry
    • 5.4.1 Oil and Gas
    • 5.4.2 Chemical and Petrochemical
    • 5.4.3 Power Generation (incl. Nuclear)
    • 5.4.4 Food and Beverage
    • 5.4.5 Pulp and Paper
    • 5.4.6 Water and Waste-water Treatment
    • 5.4.7 Other Industries (Automotive and Transportation, Metallurgy, Mining, HVACR, Pharmaceutical and Biotechnology)
  • 5.5 By Geography
    • 5.5.1 North America
      • 5.5.1.1 United States
      • 5.5.1.2 Canada
      • 5.5.1.3 Mexico
    • 5.5.2 Europe
      • 5.5.2.1 United Kingdom
      • 5.5.2.2 Germany
      • 5.5.2.3 France
      • 5.5.2.4 Italy
      • 5.5.2.5 Spain
      • 5.5.2.6 Nordic Countries
      • 5.5.2.7 Russia
      • 5.5.2.8 Rest of Europe
    • 5.5.3 Asia-Pacific
      • 5.5.3.1 China
      • 5.5.3.2 India
      • 5.5.3.3 Japan
      • 5.5.3.4 South Korea
      • 5.5.3.5 ASEAN Countries
      • 5.5.3.6 Australia
      • 5.5.3.7 Rest of Asia-Pacific
    • 5.5.4 South America
      • 5.5.4.1 Brazil
      • 5.5.4.2 Argentina
      • 5.5.4.3 Chile
      • 5.5.4.4 Colombia
      • 5.5.4.5 Rest of South America
    • 5.5.5 Middle East and Africa
      • 5.5.5.1 Saudi Arabia
      • 5.5.5.2 United Arab Emirates
      • 5.5.5.3 South Africa
      • 5.5.5.4 Egypt
      • 5.5.5.5 Rest of Middle East and Africa

6 Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves (M&A, Partnerships, PPAs)
  • 6.3 Market Share Analysis (Market Rank/Share for key companies)
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, Recent Developments)
    • 6.4.1 Alfa Laval AB
    • 6.4.2 Kelvion Holding GmbH
    • 6.4.3 Danfoss A/S
    • 6.4.4 SPX Flow Inc.
    • 6.4.5 GEA Group AG
    • 6.4.6 Hisaka Works Ltd.
    • 6.4.7 Xylem Inc.
    • 6.4.8 Thermax Ltd.
    • 6.4.9 Mersen SA
    • 6.4.10 API Heat Transfer Inc.
    • 6.4.11 GE Vernova Inc.
    • 6.4.12 Barriquand Technologies Thermiques SAS
    • 6.4.13 Koch Heat Transfer Company LP
    • 6.4.14 SWEP International AB
    • 6.4.15 Heatric
    • 6.4.16 Kobelco Steel Ltd.
    • 6.4.17 Accessen Group
    • 6.4.18 Funke WarmeaustauscherGmbH
    • 6.4.19 Tranter Inc.
    • 6.4.20 HRS Heat Exchangers Ltd.
    • 6.4.21 Hamon Thermal Europe SA
    • 6.4.22 Graham Corporation
    • 6.4.23 United Heat Transfer Ltd.
    • 6.4.24 KRN Heat Exchanger & Refrigeration Ltd.

7 Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment