China Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled, and Others), by Material (Metals, Alloys, and Brazing-CLAD), and by End User (Chemical, Energy & Power, Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR), Food & Beverage, Pulp & Paper, and Others)– Opportunity Analysis and Industry Forecast, 2024–2030

China Heat Exchangers Market

Industry:  Construction & Manufacturing | Publish Date: Mar 2024 | No of Pages:  118 | No. Tables:  86 | No. Figures:  51

Market Overview

The China Heat Exchangers Market size was valued at USD 4243.5 million in 2023, and is predicted to reach USD 6872.1 million by 2030, with a CAGR of 6.5% from 2024 to 2030.

Heat exchangers represent devices designed to transfer heat from one fluid to another without direct fluid contact, widely utilized across industrial, commercial, and residential sectors, including HVAC systems and refrigeration units, for efficient fluid or air heating or cooling. Functioning by permitting heat passage through a barrier, such as a solid wall or a series of plates or tubes, they fulfill various tasks such as heating water in boilers or cooling air in air conditioning systems. Available in diverse designs tailored to specific requirements, ranging from simple radiator coils to complex systems present in chemical processing plants and power generation facilities, they hold indispensable roles across multiple industries and applications.

These roles encompass regulating air temperature in buildings, facilitating steam production in power plants, controlling temperatures during chemical reactions, and assisting in food processing, among other functions. Furthermore, they serve as crucial components in automotive cooling systems and boast widespread utilization in aerospace, marine, and wastewater treatment industries, playing pivotal roles in efficient thermal management and energy transfer.

Focus on Sustainable Practices Drives China’s Heat Exchangers Market

The focus on sustainable practices is driving growth in the China heat exchangers market. With increasing awareness of environmental sustainability, there's a growing demand for energy-efficient solutions across industries. Heat exchangers play a crucial role in sustainable practices by facilitating heat recovery, reducing energy consumption, and minimizing environmental impact.

As China prioritizes sustainable development and implements stricter environmental regulations, industries are investing in heat exchangers technologies to improve efficiency and reduce emissions. Additionally, government initiatives and incentives promoting sustainable practices further boost market growth by encouraging the adoption of heat exchangers in various applications such as HVAC systems, industrial processes, and renewable energy projects.

 

Increasing Demand for HVAC Systems Boosts the Growth of the Market

The increasing demand for HVAC systems is driving growth in China's heat exchangers market. As urbanization and infrastructure development accelerate across the country, there's a rising need for heating, ventilation, and air conditioning (HVAC) systems in residential, commercial, and industrial buildings. Heat exchangers are integral components of HVAC systems, facilitating efficient heat transfer and temperature control.

With China's focus on improving indoor comfort, energy efficiency, and air quality, the demand for HVAC systems equipped with high-performance heat exchangers is on the rise. This trend is further fueled by government initiatives promoting energy conservation and green building standards, driving investments in energy-efficient HVAC solutions, and propelling the growth of the heat exchangers market in China.

Competition from Alternative Technologies Restrains China’s Heat Exchangers Market

Competition from alternative technologies presents a challenge to China's heat exchangers market. While heat exchangers offer efficient heat transfer solutions, alternative technologies such as heat pumps, thermal storage systems, and direct cooling methods are gaining traction. These alternatives often boast advantages such as lower energy consumption, smaller footprint, and simplified installation.

Additionally, advancements in materials science and manufacturing techniques enable the development of innovative heat transfer solutions that may outperform traditional heat exchangers in certain applications. To remain competitive, heat exchangers manufacturers in China must focus on innovation, cost reduction, and customization to meet evolving customer needs and differentiate their products in the market.

 

Advancements in Cutting-Edge Materials and the Rising Trend of Industry 4.0 Create a Market Opportunity

The integration of advanced materials such as graphene and advanced ceramics signifies a significant leap in heat exchangers technology. These materials exhibit exceptional properties, including high thermal conductivity and corrosion resistance, offering substantial potential for enhancing efficiency, durability, and overall performance across diverse industries such as HVACR, automotive, aerospace, and renewable energy.

By harnessing these unique attributes, heat exchangers can enable more effective heat transfer and better withstand challenging operational conditions, thereby enhancing reliability and prolonging lifespan. Moreover, the adoption of advanced materials can decrease energy consumption and extend service life by approximately 5 to 10 years, resulting in significant benefits in terms of operational efficiency and sustainability across various sectors.

Additionally, the emergence of Industry 4.0, characterized by the integration of automation, data exchange, and digital technologies in manufacturing processes, offers further opportunities for advancing heat exchangers technology. Through enhanced monitoring, control, and optimization facilitated by Industry 4.0 technologies, heat exchangers can attain heightened efficiency and productivity.

Consequently, the synergy between advanced materials and Industry 4.0 advancements is poised to propel innovation and growth in the heat exchangers market, promising enhanced performance and sustainability across a wide array of industrial applications.

 

Competitive Landscape

Several market players operating in China heat exchangers market include Alfa Laval AB, Johnson Controls International plc, Carrier Global Corporation, Lennox International Inc., Trane Technologies plc, API Heat Transfer Inc., Kelvion Holding GmbH, Xylem Inc., Danfoss Group, and General Electric Company among others. These companies are adopting various strategies such as product launches to remain dominant in the heat exchangers market.

Key Market Segments

By Type

  • Shell & Tube 

    • Fixed Tube Heat Exchangers

    • U-Tube Heat Exchangers

    • Floating Head Heat Exchangers

    • Other Shell & Tube Heat Exchangers

  • Plate & Frame Heat Exchangers

    • Gasketed Plate & Frame Heat Exchangers

    • Welded Plate & Frame Heat Exchangers

    • Brazed Plate & Frame Heat Exchangers

    • Other Plate & Frame Heat Exchangers

  • Air Cooled

    • Forced Draft Heat Exchangers

    • Induced Draft Heat Exchangers

  • Others

By Materials

  • Metals

  • Alloys

  • Brazing-CLAD

By End User

  • Chemical

  • Energy & Power

  • HVACR

  • Food & Beverage

  • Pulp & Paper

  • Others

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 4243.5 Million

Revenue Forecast in 2030

USD 6872.1 Million

Growth Rate

CAGR of 6.5% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Focus on Sustainable Practices.

  • Increasing Demand for HVAC Systems.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      CHINA HEAT EXCHANGERS MARKET – EXECUTIVE SUMMARY

           2.1.      MARKET SNAPSHOT, 2023 - 2030, MILLION USD

3      PORTER’S FIVE FORCE MODEL ANALYSIS

           3.1      BARGAINING POWER OF SUPPLIERS

           3.2      BARGAINING POWER OF BUYERS

           3.3      DEGREE OF COMPETITION

           3.4      THREAT OF SUBSTITUTE

           3.5      THREAT OF NEW ENTRANTS

4      MARKET SHARE ANALYSIS

           4.1      MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

5      MARKET DYNAMICS

           5.1      GROWTH DRIVERS

                         5.1.1      DRIVER 1

                         5.1.2      DRIVER 2

                         5.1.3      DRIVER 3

                         5.1.4      DRIVER 4

           5.2      CHALLENGES

                         5.2.1      CHALLENGE 1

                         5.2.2      CHALLENGE 2

                         5.2.3      CHALLENGE 3

                         5.2.4      CHALLENGE 4

           5.3      OPPORTUNITIES

                         5.3.1      OPPORTUNITY 1

                         5.3.2      OPPORTUNITY 2

6       CHINA HEAT EXCHANGERS MARKET BY TYPE

           6.1      OVERVIEW

           6.2      SHELL AND TUBE MARKET

                         6.2.1      FIXED TUBE HEAT EXCHANGERS

                         6.2.2       U-TUBE HEAT EXCHANGERS

                         6.2.3       FLOATING HEAD HEAT EXCHANGERS

                         6.2.4       OTHER SHELL AND TUBE HEAT EXCHANGERS

           6.3      PLATE AND FRAME HEAT EXCHANGERS MARKET

                         6.3.1      GASKETED PLATE AND FRAME HEAT EXCHANGERS

                         6.3.2       WELDED PLATE AND FRAME HEAT EXCHANGERS

                         6.3.3       BRAZED PLATE AND FRAME HEAT EXCHANGERS

                         6.3.4       OTHER PLATE AND FRAME HEAT EXCHANGERS

           6.4      AIR COOLED MARKET

                         6.4.1      FORCED DRAFT HEAT EXCHANGERS

                         6.4.2       INDUCED DRAFT HEAT EXCHANGERS

           6.5      OTHERS MARKET

7       CHINA HEAT EXCHANGERS MARKET BY MATERIALS

           7.1      OVERVIEW

           7.2      METALS MARKET

           7.3      ALLOYS MARKET

           7.4      BRAZING-CLAD MARKET

8       CHINA HEAT EXCHANGERS MARKET BY END USER

           8.1      OVERVIEW

           8.2      CHEMICAL MARKET

           8.3      ENERGY AND POWER MARKET

           8.4      HVACR MARKET

           8.5      FOOD AND BEVERAGE MARKET

           8.6      PULP AND PAPER MARKET

           8.7      OTHERS MARKET

9     COMPANY PROFILES

           9.1     ALFA LAVAL AB

                         9.1.1     COMPANY OVERVIEW

                         9.1.2     COMPANY SNAPSHOT

                         9.1.3     OPERATING BUSINESS SEGMENTS

                         9.1.4     PRODUCT PORTFOLIO

                         9.1.5     BUSINESS PERFORMANCE

                         9.1.6     BUSINESS SEGMENTS

                         9.1.7     GEOGRAPHIC SEGMENTS

                         9.1.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.1.9     PRIMARY MARKET COMPETITORS

           9.2     JOHNSON CONTROLS INTERNATIONAL PLC

                         9.2.1     COMPANY OVERVIEW

                         9.2.2     COMPANY SNAPSHOT

                         9.2.3     OPERATING BUSINESS SEGMENTS

                         9.2.4     PRODUCT PORTFOLIO

                         9.2.5     BUSINESS PERFORMANCE

                         9.2.6     BUSINESS SEGMENTS

                         9.2.7     GEOGRAPHIC SEGMENTS

                         9.2.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.2.9     PRIMARY MARKET COMPETITORS

           9.3     CARRIER GLOBAL CORPORATION

                         9.3.1     COMPANY OVERVIEW

                         9.3.2     COMPANY SNAPSHOT

                         9.3.3     OPERATING BUSINESS SEGMENTS

                         9.3.4     PRODUCT PORTFOLIO

                         9.3.5     BUSINESS PERFORMANCE

                         9.3.6     BUSINESS SEGMENTS

                         9.3.7     GEOGRAPHIC SEGMENTS

                         9.3.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.3.9     PRIMARY MARKET COMPETITORS

           9.4     LENNOX INTERNATIONAL INC.

                         9.4.1     COMPANY OVERVIEW

                         9.4.2     COMPANY SNAPSHOT

                         9.4.3     OPERATING BUSINESS SEGMENTS

                         9.4.4     PRODUCT PORTFOLIO

                         9.4.5     BUSINESS PERFORMANCE

                         9.4.6     BUSINESS SEGMENTS

                         9.4.7     GEOGRAPHIC SEGMENTS

                         9.4.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.4.9     PRIMARY MARKET COMPETITORS

           9.5     TRANE TECHNOLOGIES PLC

                         9.5.1     COMPANY OVERVIEW

                         9.5.2     COMPANY SNAPSHOT

                         9.5.3     OPERATING BUSINESS SEGMENTS

                         9.5.4     PRODUCT PORTFOLIO

                         9.5.5     BUSINESS PERFORMANCE

                         9.5.6     BUSINESS SEGMENTS

                         9.5.7     GEOGRAPHIC SEGMENTS

                         9.5.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.5.9     PRIMARY MARKET COMPETITORS

           9.6     API HEAT TRANSFER INC.

                         9.6.1     COMPANY OVERVIEW

                         9.6.2     COMPANY SNAPSHOT

                         9.6.3     OPERATING BUSINESS SEGMENTS

                         9.6.4     PRODUCT PORTFOLIO

                         9.6.5     BUSINESS PERFORMANCE

                         9.6.6     BUSINESS SEGMENTS

                         9.6.7     GEOGRAPHIC SEGMENTS

                         9.6.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.6.9     PRIMARY MARKET COMPETITORS

           9.7     KELVION HOLDING GMBH

                         9.7.1     COMPANY OVERVIEW

                         9.7.2     COMPANY SNAPSHOT

                         9.7.3     OPERATING BUSINESS SEGMENTS

                         9.7.4     PRODUCT PORTFOLIO

                         9.7.5     BUSINESS PERFORMANCE

                         9.7.6     BUSINESS SEGMENTS

                         9.7.7     GEOGRAPHIC SEGMENTS

                         9.7.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.7.9     PRIMARY MARKET COMPETITORS

           9.8     XYLEM INC.

                         9.8.1     COMPANY OVERVIEW

                         9.8.2     COMPANY SNAPSHOT

                         9.8.3     OPERATING BUSINESS SEGMENTS

                         9.8.4     PRODUCT PORTFOLIO

                         9.8.5     BUSINESS PERFORMANCE

                         9.8.6     BUSINESS SEGMENTS

                         9.8.7     GEOGRAPHIC SEGMENTS

                         9.8.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.8.9     PRIMARY MARKET COMPETITORS

           9.9     DANFOSS GROUP

                         9.9.1     COMPANY OVERVIEW

                         9.9.2     COMPANY SNAPSHOT

                         9.9.3     OPERATING BUSINESS SEGMENTS

                         9.9.4     PRODUCT PORTFOLIO

                         9.9.5     BUSINESS PERFORMANCE

                         9.9.6     BUSINESS SEGMENTS

                         9.9.7     GEOGRAPHIC SEGMENTS

                         9.9.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.9.9     PRIMARY MARKET COMPETITORS

           9.10     GENERAL ELECTRIC COMPANY

                         9.10.1     COMPANY OVERVIEW

                         9.10.2     COMPANY SNAPSHOT

                         9.10.3     OPERATING BUSINESS SEGMENTS

                         9.10.4     PRODUCT PORTFOLIO

                         9.10.5     BUSINESS PERFORMANCE

                         9.10.6     BUSINESS SEGMENTS

                         9.10.7     GEOGRAPHIC SEGMENTS

                         9.10.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.10.9     PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. CHINA HEAT EXCHANGERS MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

TABLE 2. SHELL AND TUBE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 3. FIXED TUBE HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 4. U-TUBE HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 5. FLOATING HEAD HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 6. OTHER SHELL AND TUBE HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 7. PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 8. GASKETED PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 9. WELDED PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 10. BRAZED PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 11. OTHER PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 12. AIR COOLED, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 13. FORCED DRAFT HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 14. INDUCED DRAFT HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 15. OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 16. CHINA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS, 2023-2030, (MILLION USD)

TABLE 17. METALS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 18. ALLOYS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 19. BRAZING-CLAD, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 20. CHINA HEAT EXCHANGERS MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 21. CHEMICAL, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 22. ENERGY AND POWER, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 23. HVACR, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 24. FOOD AND BEVERAGE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 25. PULP AND PAPER, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 26. OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 27. ALFA LAVAL AB: COMPANY SNAPSHOT

TABLE 28. ALFA LAVAL AB: OPERATING BUSINESS SEGMENTS

TABLE 29. ALFA LAVAL AB: PRODUCT PORTFOLIO

TABLE 30. ALFA LAVAL AB: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 31. ALFA LAVAL AB: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 32. ALFA LAVAL AB: KEY STRATERGY

TABLE 33. JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT

TABLE 34. JOHNSON CONTROLS INTERNATIONAL PLC: OPERATING BUSINESS SEGMENTS

TABLE 35. JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT PORTFOLIO

TABLE 36. JOHNSON CONTROLS INTERNATIONAL PLC: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 37. JOHNSON CONTROLS INTERNATIONAL PLC: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 38. JOHNSON CONTROLS INTERNATIONAL PLC: KEY STRATERGY

TABLE 39. CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT

TABLE 40. CARRIER GLOBAL CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 41. CARRIER GLOBAL CORPORATION: PRODUCT PORTFOLIO

TABLE 42. CARRIER GLOBAL CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 43. CARRIER GLOBAL CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 44. CARRIER GLOBAL CORPORATION: KEY STRATERGY

TABLE 45. LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT

TABLE 46. LENNOX INTERNATIONAL INC.: OPERATING BUSINESS SEGMENTS

TABLE 47. LENNOX INTERNATIONAL INC.: PRODUCT PORTFOLIO

TABLE 48. LENNOX INTERNATIONAL INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 49. LENNOX INTERNATIONAL INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 50. LENNOX INTERNATIONAL INC.: KEY STRATERGY

TABLE 51. TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT

TABLE 52. TRANE TECHNOLOGIES PLC: OPERATING BUSINESS SEGMENTS

TABLE 53. TRANE TECHNOLOGIES PLC: PRODUCT PORTFOLIO

TABLE 54. TRANE TECHNOLOGIES PLC: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 55. TRANE TECHNOLOGIES PLC: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 56. TRANE TECHNOLOGIES PLC: KEY STRATERGY

TABLE 57. API HEAT TRANSFER INC.: COMPANY SNAPSHOT

TABLE 58. API HEAT TRANSFER INC.: OPERATING BUSINESS SEGMENTS

TABLE 59. API HEAT TRANSFER INC.: PRODUCT PORTFOLIO

TABLE 60. API HEAT TRANSFER INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 61. API HEAT TRANSFER INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 62. API HEAT TRANSFER INC.: KEY STRATERGY

TABLE 63. KELVION HOLDING GMBH: COMPANY SNAPSHOT

TABLE 64. KELVION HOLDING GMBH: OPERATING BUSINESS SEGMENTS

TABLE 65. KELVION HOLDING GMBH: PRODUCT PORTFOLIO

TABLE 66. KELVION HOLDING GMBH: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 67. KELVION HOLDING GMBH: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 68. KELVION HOLDING GMBH: KEY STRATERGY

TABLE 69. XYLEM INC.: COMPANY SNAPSHOT

TABLE 70. XYLEM INC.: OPERATING BUSINESS SEGMENTS

TABLE 71. XYLEM INC.: PRODUCT PORTFOLIO

TABLE 72. XYLEM INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 73. XYLEM INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 74. XYLEM INC.: KEY STRATERGY

TABLE 75. DANFOSS GROUP: COMPANY SNAPSHOT

TABLE 76. DANFOSS GROUP: OPERATING BUSINESS SEGMENTS

TABLE 77. DANFOSS GROUP: PRODUCT PORTFOLIO

TABLE 78. DANFOSS GROUP: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 79. DANFOSS GROUP: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 80. DANFOSS GROUP: KEY STRATERGY

TABLE 81. GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT

TABLE 82. GENERAL ELECTRIC COMPANY: OPERATING BUSINESS SEGMENTS

TABLE 83. GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO

TABLE 84. GENERAL ELECTRIC COMPANY: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 85. GENERAL ELECTRIC COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 86. GENERAL ELECTRIC COMPANY: KEY STRATERGY

LIST OF FIGURES

FIGURE 1. BARGAINING POWER OF SUPPLIERS

FIGURE 2. BARGAINING POWER OF BUYERS

FIGURE 3. DEGREE OF COMPETITION

FIGURE 4. THREAT OF SUBSTITUTE

FIGURE 5. THREAT OF NEW ENTRANTS

FIGURE 6. CHINA HEAT EXCHANGERS MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

FIGURE 7. SHELL AND TUBE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 8. FIXED TUBE HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 9. U-TUBE HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 10. FLOATING HEAD HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 11. OTHER SHELL AND TUBE HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 12. PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 13. GASKETED PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 14. WELDED PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 15. BRAZED PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 16. OTHER PLATE AND FRAME HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 17. AIR COOLED, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 18. FORCED DRAFT HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 19. INDUCED DRAFT HEAT EXCHANGERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 20. OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 21. CHINA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS, 2023-2030, (MILLION USD)

FIGURE 22. METALS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 23. ALLOYS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 24. BRAZING-CLAD, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 25. CHINA HEAT EXCHANGERS MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

FIGURE 26. CHEMICAL, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 27. ENERGY AND POWER, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 28. HVACR, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 29. FOOD AND BEVERAGE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 30. PULP AND PAPER, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 31. OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 32. ALFA LAVAL AB: NET SALES, (2021-2023)

FIGURE 33. ALFA LAVAL AB: PRIMARY MARKET COMPETITORS

FIGURE 34. JOHNSON CONTROLS INTERNATIONAL PLC: NET SALES, (2021-2023)

FIGURE 35. JOHNSON CONTROLS INTERNATIONAL PLC: PRIMARY MARKET COMPETITORS

FIGURE 36. CARRIER GLOBAL CORPORATION: NET SALES, (2021-2023)

FIGURE 37. CARRIER GLOBAL CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 38. LENNOX INTERNATIONAL INC.: NET SALES, (2021-2023)

FIGURE 39. LENNOX INTERNATIONAL INC.: PRIMARY MARKET COMPETITORS

FIGURE 40. TRANE TECHNOLOGIES PLC: NET SALES, (2021-2023)

FIGURE 41. TRANE TECHNOLOGIES PLC: PRIMARY MARKET COMPETITORS

FIGURE 42. API HEAT TRANSFER INC.: NET SALES, (2021-2023)

FIGURE 43. API HEAT TRANSFER INC.: PRIMARY MARKET COMPETITORS

FIGURE 44. KELVION HOLDING GMBH: NET SALES, (2021-2023)

FIGURE 45. KELVION HOLDING GMBH: PRIMARY MARKET COMPETITORS

FIGURE 46. XYLEM INC.: NET SALES, (2021-2023)

FIGURE 47. XYLEM INC.: PRIMARY MARKET COMPETITORS

FIGURE 48. DANFOSS GROUP: NET SALES, (2021-2023)

FIGURE 49. DANFOSS GROUP: PRIMARY MARKET COMPETITORS

FIGURE 50. GENERAL ELECTRIC COMPANY: NET SALES, (2021-2023)

FIGURE 51. GENERAL ELECTRIC COMPANY: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • Alfa Laval AB

  • Johnson Controls International plc

  • Carrier Global Corporation

  • Lennox International Inc.

  • Trane Technologies plc 

  • API Heat Transfer Inc. 

  • Kelvion Holding GmbH

  • Xylem Inc.

  • Danfoss Group

  • General Electric Company 


Frequently Asked Questions
What is the current size of the China Heat Exchangers Market, and what are the future predictions?

The China Heat Exchangers Market size was valued at USD 4243.5 million in 2023, and is predicted to reach USD 6872.1 million by 2030, with a CAGR of 6.5% from 2024 to 2030.

What are Heat Exchangers, and where are they commonly used?

Heat exchangers are devices designed to transfer heat from one fluid to another without the fluids directly contacting each other. They are extensively used in industrial, commercial, and residential settings, including HVAC systems and refrigeration units, to efficiently heat or cool fluids or air.

What are the key drivers of market growth in the Heat Exchangers industry?

The rapid increase in industrialization and urbanization worldwide is a significant factor driving market growth. Growing energy demands, rising construction activities, and the increasing urban population are contributing to the higher demand for heat exchangers.

What are the different types of heat exchangers available in the market?

There are several types of heat exchangers, including shell and tube, plate and frame, finned tube, and air-cooled heat exchangers, each with its own design and applications.

Who are the key players in China Heat Exchangers Market?

Prominent players in the industry include Alfa Laval AB, Johnson Controls International plc, Carrier Global Corporation, Lennox International Inc., Trane Technologies plc, API Heat Transfer Inc., Kelvion Holding GmbH, Xylem Inc., Danfoss Group, and General Electric Company, among others.