Indonesia 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

Indonesia Heat Exchangers Market

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

Market Overview

The Indonesia Heat Exchangers Market size was valued at USD 472.3 million in 2023, and is predicted to reach USD 973.8 million by 2030, with a CAGR of 10.2% from 2024 to 2030.

Heat exchangers are innovative devices engineered to transfer heat from one fluid to another without direct contact, finding extensive application across industrial, commercial, and residential sectors, notably in HVAC systems and refrigeration units, to effectively heat or cool fluids or air. Their functionality relies on allowing heat to traverse through a barrier, whether it be a solid wall or a series of plates or tubes, enabling a range of tasks such as heating water in boilers or cooling air in air conditioning systems.

These versatile devices are available in diverse designs tailored to specific requirements, encompassing everything from simple radiator coils to intricate systems found in chemical processing plants and power generation facilities. Their significance spans across multiple industries and applications, pivotal in regulating air temperatures in buildings, facilitating steam production in power plants, controlling temperatures during chemical reactions, and contributing to food processing efficiency, among various other functions. Additionally, they serve as indispensable components in automotive cooling systems and boast extensive applications in aerospace, marine, and wastewater treatment industries, where they play a pivotal role in ensuring efficient thermal management and energy transfer.

Growing Demand for Renewable Energy Drives Indonesia’s Market Growth

The growing demand for renewable energy is a driving force behind Indonesia's market growth. As the country seeks to reduce its dependence on fossil fuels and mitigate environmental concerns, there is an increasing emphasis on adopting renewable energy sources such as solar, wind, and hydroelectric power. Heat exchangers play a crucial role in renewable energy systems, facilitating efficient energy transfer and thermal management.

With Indonesia's abundant natural resources and favorable climate conditions for renewable energy generation, there is significant potential for the expansion of renewable energy infrastructure. This, in turn, fuels the demand for heat exchangers in various applications, including power generation, thermal storage, and energy conversion processes, driving market growth in Indonesia.

 

Increasing Demand for HVAC Systems Drives Indonesia’s Market Growth

The increasing demand for HVAC (Heating, Ventilation, and Air Conditioning) systems is a significant driver of market growth in Indonesia. As the country experiences economic growth and urbanization, there is a corresponding rise in construction activities, leading to an increased demand for residential, commercial, and industrial buildings.

HVAC systems, which play a crucial role in maintaining indoor air quality and thermal comfort, are essential components of these buildings. Heat exchangers, as integral parts of HVAC systems, are in higher demand to facilitate efficient heat transfer and temperature control. Thus, the growing need for HVAC systems in various sectors propels the market growth of heat exchangers in Indonesia.

High Installation and Maintenance Costs Restrain Market Growth

High installation and maintenance costs pose significant constraints on market growth in Indonesia. The substantial upfront investment required for purchasing and installing heat exchangers, along with ongoing maintenance expenses, presents challenges for businesses, particularly those with limited financial resources.

Despite the long-term cost savings offered by heat exchangers through enhanced energy efficiency, the perceived financial burden may discourage widespread adoption, thus impeding market growth. Lowering installation and maintenance costs or providing innovative financing options could help alleviate this constraint and stimulate market growth in Indonesia.

 

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

Advancements in cutting-edge materials and the rising trend of Industry 4.0 present a significant market opportunity. The development of innovative materials, such as graphene and advanced ceramics, with superior thermal conductivity and corrosion resistance, enhances the performance and durability of heat exchangers across various industries.

Additionally, the integration of Industry 4.0 technologies, characterized by automation, data exchange, and digitalization, enables real-time monitoring, control, and optimization of heat exchangers operations. This leads to improved efficiency, productivity, and predictive maintenance capabilities.

As industries strive for enhanced performance and sustainability, the adoption of advanced materials and Industry 4.0 solutions drives innovation in the heat exchangers market, creating opportunities for growth and market expansion.

 

Competitive Landscape 

Several market players operating in Indonesia’s 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.

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 472.3 Million

Revenue Forecast in 2030

USD 973.8 Million

Growth Rate

CAGR of 10.2% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Growing Demand for Renewable Energy.

  • 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      INDONESIA 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       INDONESIA 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       INDONESIA HEAT EXCHANGERS MARKET BY MATERIALS

           7.1      OVERVIEW

           7.2      METALS MARKET

           7.3      ALLOYS MARKET

           7.4      BRAZING-CLAD MARKET

8       INDONESIA 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. INDONESIA 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. INDONESIA 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. INDONESIA 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. INDONESIA 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. INDONESIA 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. INDONESIA 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 Indonesia Heat Exchangers Market, and what are the future predictions?

The Heat Exchangers Market size was valued at USD 472.3 million in 2023, and is predicted to reach USD 973.8 million by 2030, with a CAGR of 10.2% 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 Indonesia’s 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.