North America Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled, and Others), by Material (Metals, Alloys, and Brazing-CLAD), and 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

North America Heat Exchangers Market

Industry:  Construction & Manufacturing | Publish Date: Mar 2024 | No of Pages:  135 | No. Tables:  96 | No. Figures:  61

Market Overview

The North America Heat Exchangers Market size was valued at USD 5803.4 million in 2023, and is predicted to reach USD 9187.0 million by 2030, with a CAGR of 6.2% from 2024 to 2030.

Heat exchangers, engineered to transfer heat between fluids without direct contact, are extensively utilized across industrial, commercial, and residential domains, including HVAC systems and refrigeration units, to effectively heat or cool fluids or air. They function by permitting heat to traverse through a barrier, such as a solid wall or an array of plates or tubes, and can fulfill various tasks such as heating water in a boiler or cooling air in an air conditioning system.

These devices are available in diverse designs tailored to specific requirements, spanning from basic radiator coils to intricate systems found in chemical processing plants and power generation facilities. They play indispensable roles across numerous industries and applications, regulating air temperatures in buildings, facilitating steam production in power plants, controlling temperatures during chemical reactions, and assisting in food processing, among other functions. Additionally, they serve as critical components in automotive cooling systems and have widespread applications in aerospace, marine, and wastewater treatment sectors, where they play a pivotal role in ensuring efficient thermal management and energy transfer.

Focus on Sustainable Practices Across North America Drive Market Growth

The emphasis on sustainable practices across North America is a driving force behind market growth. As concerns regarding environmental conservation and resource efficiency continue to escalate, there is a heightened focus on adopting sustainable solutions across various industries. Heat exchangers, known for their energy efficiency and ability to facilitate heat transfer without environmental harm, are becoming increasingly integral to sustainable practices.

With regulations mandating the reduction of carbon footprints and the promotion of eco-friendly technologies, the demand for heat exchangers is surging. These devices play a crucial role in enhancing energy efficiency, reducing greenhouse gas emissions, and promoting sustainable thermal management practices. Consequently, the growing emphasis on sustainability in North America is propelling the expansion of the heat exchangers market.

 

Increasing Demand for HVAC Systems Across North America Propels Market Growth

The rising demand for HVAC systems across North America is a significant driver of market growth. As urbanization and industrialization continue to expand, there is a corresponding increase in the construction of commercial and residential buildings, driving the need for HVAC systems for heating, ventilation, and air conditioning. Heat exchangers are essential components of HVAC systems, facilitating efficient heat transfer and contributing to energy savings.

With growing awareness of energy efficiency and indoor air quality, there is a surge in demand for HVAC systems equipped with high-performance heat exchangers. This increasing demand for HVAC systems propels the growth of the heat exchangers market in North America as manufacturers cater to the needs of the construction and building sectors.

Competition from Alternative Technologies Restrains Market Growth

The presence of competition from alternative technologies acts as a restraint on market growth. As industries seek more efficient and cost-effective solutions for heat transfer and thermal management, alternative technologies emerge as viable options. These alternatives may offer advantages such as lower initial costs, simpler maintenance requirements, or better performance in specific applications, posing a competitive threat to traditional heat exchangers.

Consequently, heat exchanger manufacturers face challenges in maintaining market share and revenue growth amidst competition from alternative technologies. To mitigate this restraint, continuous innovation and adaptation to evolving market demands are necessary to sustain growth in the heat exchangers market.

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 are creating a significant market opportunity in North America. As technological innovations continue to progress, new materials offering improved thermal conductivity and corrosion resistance are being developed, enhancing the performance of heat exchangers. 

Moreover, the integration of Industry 4.0 technologies, such as automation and real-time data analytics, is revolutionizing the manufacturing and operation of heat exchangers systems, leading to increased efficiency and productivity.

This convergence of advanced materials and Industry 4.0 presents an opportunity for companies in North America to develop and offer innovative heat exchangers solutions that meet the evolving needs of various industries, including manufacturing, energy, and construction. By capitalizing on these advancements, businesses can address the growing demand for high-performance heat exchangers and establish a competitive edge in the market.

 

The U.S. holds the dominant market share in the North American Market

The U.S.'s substantial investment in research and development initiatives aimed at advancing heat exchangers technologies is a driving force behind the market's growth in North America. These investments fuel innovation, leading to the development of cutting-edge heat exchangers solutions tailored to diverse industry needs. By staying at the forefront of technological advancements, U.S. companies gain a competitive edge, attracting customers seeking high-performance and efficient heat exchangers systems.

Moreover, these R&D efforts stimulate market expansion by creating opportunities for new applications across industries such as manufacturing, energy, HVAC, and automotive. Ultimately, the U.S.'s commitment to innovation in heat exchangers technologies strengthens its position as a global leader in the industry while driving growth in the North American market.

Mexico is Expected to Show Steady Growth in the North American Market

Industrial expansion in Mexico is anticipated to drive steady growth in the North American market due to several factors. Mexico has become an increasingly attractive destination for manufacturing operations, drawing investments from both domestic and international companies.

This industrial expansion across various sectors, including automotive, electronics, aerospace, and food processing, creates a heightened demand for thermal management solutions including heat exchangers. As industries continue to expand and modernize their operations, the need for efficient heat exchange technologies to regulate temperatures, facilitate production processes, and ensure equipment performance becomes paramount.

Additionally, Mexico's strategic location, skilled workforce, and favorable trade agreements, such as the United States-Mexico-Canada Agreement (USMCA), further bolster its position as a key player in the North American market. As a result, industrial expansion in Mexico is expected to drive sustained growth in the region's heat exchangers market, presenting significant opportunities for manufacturers and suppliers alike.

 

Competitive Landscape

Several market players operating in the North America 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

By Country            

  • The U.S.

  • Canada

  • Mexico

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 5803.4 Million

Revenue Forecast in 2030

USD 9187.0 Million

Growth Rate

CAGR of 6.2% 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.

Countries Covered

3

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      NORTH AMERICA 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      NORTH AMERICA HEAT EXCHANGERS MARKET BY TYPE

           6.1      OVERVIEW

           6.2      SHELL AND TUBE

                         6.2.1      SHELL AND TUBE MARKET, BY TYPE

                                          6.2.1.1      FIXED TUBE HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.2.1.2       U-TUBE HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.2.1.3       FLOATING HEAD HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.2.1.4       OTHER SHELL AND TUBE HEAT EXCHANGERS MARKET, BY COUNTRY

                         6.2.2      SHELL AND TUBE MARKET, BY COUNTRY

           6.3      PLATE AND FRAME HEAT EXCHANGERS

                         6.3.1      PLATE AND FRAME HEAT EXCHANGERS MARKET, BY TYPE

                                          6.3.1.1      GASKETED PLATE AND FRAME HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.3.1.2       WELDED PLATE AND FRAME HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.3.1.3       BRAZED PLATE AND FRAME HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.3.1.4       OTHER PLATE AND FRAME HEAT EXCHANGERS MARKET, BY COUNTRY

                         6.3.2      PLATE AND FRAME HEAT EXCHANGERS MARKET, BY COUNTRY

           6.4      AIR COOLED

                         6.4.1      AIR COOLED MARKET, BY TYPE

                                          6.4.1.1      FORCED DRAFT HEAT EXCHANGERS MARKET, BY COUNTRY

                                          6.4.1.2       INDUCED DRAFT HEAT EXCHANGERS MARKET, BY COUNTRY

                         6.4.2      AIR COOLED MARKET, BY COUNTRY

           6.5      OTHERS

                         6.5.1      OTHERS MARKET, BY COUNTRY

7      NORTH AMERICA HEAT EXCHANGERS MARKET BY MATERIALS

           7.1      OVERVIEW

           7.2      METALS

                         7.2.1      METALS MARKET, BY COUNTRY

           7.3      ALLOYS

                         7.3.1      ALLOYS MARKET, BY COUNTRY

           7.4      BRAZING-CLAD

                         7.4.1      BRAZING-CLAD MARKET, BY COUNTRY

8      NORTH AMERICA HEAT EXCHANGERS MARKET BY END USER

           8.1      OVERVIEW

           8.2      CHEMICAL

                         8.2.1      CHEMICAL MARKET, BY COUNTRY

           8.3      ENERGY AND POWER

                         8.3.1      ENERGY AND POWER MARKET, BY COUNTRY

           8.4      HVACR

                         8.4.1      HVACR MARKET, BY COUNTRY

           8.5      FOOD AND BEVERAGE

                         8.5.1      FOOD AND BEVERAGE MARKET, BY COUNTRY

           8.6      PULP AND PAPER

                         8.6.1      PULP AND PAPER MARKET, BY COUNTRY

           8.7      OTHERS

                         8.7.1      OTHERS MARKET, BY COUNTRY

9     NORTH AMERICA HEAT EXCHANGERS MARKET, BY COUNTRY

           9.1     OVERVIEW

           9.2     UNITED STATES

                         9.2.1     NORTH AMERICA HEAT EXCHANGERS MARKET, BY TYPE

                         9.2.2     NORTH AMERICA HEAT EXCHANGERS MARKET, BY MATERIALS

                         9.2.3     NORTH AMERICA HEAT EXCHANGERS MARKET, BY END USER

           9.3     CANADA

                         9.3.1     NORTH AMERICA HEAT EXCHANGERS MARKET, BY TYPE

                         9.3.2     NORTH AMERICA HEAT EXCHANGERS MARKET, BY MATERIALS

                         9.3.3     NORTH AMERICA HEAT EXCHANGERS MARKET, BY END USER

           9.4     MEXICO

                         9.4.1     NORTH AMERICA HEAT EXCHANGERS MARKET, BY TYPE

                         9.4.2     NORTH AMERICA HEAT EXCHANGERS MARKET, BY MATERIALS

                         9.4.3     NORTH AMERICA HEAT EXCHANGERS MARKET, BY END USER

10   COMPANY PROFILES

           10.1   ALFA LAVAL AB

                         10.1.1   COMPANY OVERVIEW

                         10.1.2   COMPANY SNAPSHOT

                         10.1.3   OPERATING BUSINESS SEGMENTS

                         10.1.4   PRODUCT PORTFOLIO

                         10.1.5   BUSINESS PERFORMANCE

                         10.1.6   BUSINESS SEGMENTS

                         10.1.7   GEOGRAPHIC SEGMENTS

                         10.1.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.1.9   PRIMARY MARKET COMPETITORS

           10.2   JOHNSON CONTROLS INTERNATIONAL PLC

                         10.2.1   COMPANY OVERVIEW

                         10.2.2   COMPANY SNAPSHOT

                         10.2.3   OPERATING BUSINESS SEGMENTS

                         10.2.4   PRODUCT PORTFOLIO

                         10.2.5   BUSINESS PERFORMANCE

                         10.2.6   BUSINESS SEGMENTS

                         10.2.7   GEOGRAPHIC SEGMENTS

                         10.2.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.2.9   PRIMARY MARKET COMPETITORS

           10.3   CARRIER GLOBAL CORPORATION

                         10.3.1   COMPANY OVERVIEW

                         10.3.2   COMPANY SNAPSHOT

                         10.3.3   OPERATING BUSINESS SEGMENTS

                         10.3.4   PRODUCT PORTFOLIO

                         10.3.5   BUSINESS PERFORMANCE

                         10.3.6   BUSINESS SEGMENTS

                         10.3.7   GEOGRAPHIC SEGMENTS

                         10.3.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.3.9   PRIMARY MARKET COMPETITORS

           10.4   LENNOX INTERNATIONAL INC.

                         10.4.1   COMPANY OVERVIEW

                         10.4.2   COMPANY SNAPSHOT

                         10.4.3   OPERATING BUSINESS SEGMENTS

                         10.4.4   PRODUCT PORTFOLIO

                         10.4.5   BUSINESS PERFORMANCE

                         10.4.6   BUSINESS SEGMENTS

                         10.4.7   GEOGRAPHIC SEGMENTS

                         10.4.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.4.9   PRIMARY MARKET COMPETITORS

           10.5   TRANE TECHNOLOGIES PLC

                         10.5.1   COMPANY OVERVIEW

                         10.5.2   COMPANY SNAPSHOT

                         10.5.3   OPERATING BUSINESS SEGMENTS

                         10.5.4   PRODUCT PORTFOLIO

                         10.5.5   BUSINESS PERFORMANCE

                         10.5.6   BUSINESS SEGMENTS

                         10.5.7   GEOGRAPHIC SEGMENTS

                         10.5.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.5.9   PRIMARY MARKET COMPETITORS

           10.6   API HEAT TRANSFER INC.

                         10.6.1   COMPANY OVERVIEW

                         10.6.2   COMPANY SNAPSHOT

                         10.6.3   OPERATING BUSINESS SEGMENTS

                         10.6.4   PRODUCT PORTFOLIO

                         10.6.5   BUSINESS PERFORMANCE

                         10.6.6   BUSINESS SEGMENTS

                         10.6.7   GEOGRAPHIC SEGMENTS

                         10.6.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.6.9   PRIMARY MARKET COMPETITORS

           10.7   KELVION HOLDING GMBH

                         10.7.1   COMPANY OVERVIEW

                         10.7.2   COMPANY SNAPSHOT

                         10.7.3   OPERATING BUSINESS SEGMENTS

                         10.7.4   PRODUCT PORTFOLIO

                         10.7.5   BUSINESS PERFORMANCE

                         10.7.6   BUSINESS SEGMENTS

                         10.7.7   GEOGRAPHIC SEGMENTS

                         10.7.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.7.9   PRIMARY MARKET COMPETITORS

           10.8   XYLEM INC.

                         10.8.1   COMPANY OVERVIEW

                         10.8.2   COMPANY SNAPSHOT

                         10.8.3   OPERATING BUSINESS SEGMENTS

                         10.8.4   PRODUCT PORTFOLIO

                         10.8.5   BUSINESS PERFORMANCE

                         10.8.6   BUSINESS SEGMENTS

                         10.8.7   GEOGRAPHIC SEGMENTS

                         10.8.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.8.9   PRIMARY MARKET COMPETITORS

           10.9   DANFOSS GROUP

                         10.9.1   COMPANY OVERVIEW

                         10.9.2   COMPANY SNAPSHOT

                         10.9.3   OPERATING BUSINESS SEGMENTS

                         10.9.4   PRODUCT PORTFOLIO

                         10.9.5   BUSINESS PERFORMANCE

                         10.9.6   BUSINESS SEGMENTS

                         10.9.7   GEOGRAPHIC SEGMENTS

                         10.9.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.9.9   PRIMARY MARKET COMPETITORS

           10.10   GENERAL ELECTRIC COMPANY

                         10.10.1   COMPANY OVERVIEW

                         10.10.2   COMPANY SNAPSHOT

                         10.10.3   OPERATING BUSINESS SEGMENTS

                         10.10.4   PRODUCT PORTFOLIO

                         10.10.5   BUSINESS PERFORMANCE

                         10.10.6   BUSINESS SEGMENTS

                         10.10.7   GEOGRAPHIC SEGMENTS

                         10.10.8   KEY STRATEGIC MOVES AND DEVELOPMENT

                         10.10.9   PRIMARY MARKET COMPETITORS

LIST OF TABLES

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

TABLE 2. FIXED TUBE HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

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

TABLE 4. FLOATING HEAD HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 5. OTHER SHELL AND TUBE HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

TABLE 6. SHELL AND TUBE, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

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

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

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

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

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

TABLE 12. FORCED DRAFT HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY 2023-2030, (MILLION USD)

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

TABLE 14. AIR COOLED, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

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

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

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

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

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

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

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

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

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

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

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

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

TABLE 27. NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

TABLE 28. UNITED STATES NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

TABLE 29. UNITED STATES NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS, 2023-2030, (MILLION USD)

TABLE 30. UNITED STATES NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 31. CANADA NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

TABLE 32. CANADA NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS, 2023-2030, (MILLION USD)

TABLE 33. CANADA NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 34. MEXICO NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

TABLE 35. MEXICO NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS, 2023-2030, (MILLION USD)

TABLE 36. MEXICO NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY END USER, 2023-2030, (MILLION USD)

TABLE 37. ALFA LAVAL AB: COMPANY SNAPSHOT

TABLE 38. ALFA LAVAL AB: OPERATING BUSINESS SEGMENTS

TABLE 39. ALFA LAVAL AB: PRODUCT PORTFOLIO

TABLE 40. ALFA LAVAL AB: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 41. ALFA LAVAL AB: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 42. ALFA LAVAL AB: KEY STRATERGY

TABLE 43. JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT

TABLE 44. JOHNSON CONTROLS INTERNATIONAL PLC: OPERATING BUSINESS SEGMENTS

TABLE 45. JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT PORTFOLIO

TABLE 46. JOHNSON CONTROLS INTERNATIONAL PLC: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 47. JOHNSON CONTROLS INTERNATIONAL PLC: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 48. JOHNSON CONTROLS INTERNATIONAL PLC: KEY STRATERGY

TABLE 49. CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT

TABLE 50. CARRIER GLOBAL CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 51. CARRIER GLOBAL CORPORATION: PRODUCT PORTFOLIO

TABLE 52. CARRIER GLOBAL CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 53. CARRIER GLOBAL CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 54. CARRIER GLOBAL CORPORATION: KEY STRATERGY

TABLE 55. LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT

TABLE 56. LENNOX INTERNATIONAL INC.: OPERATING BUSINESS SEGMENTS

TABLE 57. LENNOX INTERNATIONAL INC.: PRODUCT PORTFOLIO

TABLE 58. LENNOX INTERNATIONAL INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 59. LENNOX INTERNATIONAL INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 60. LENNOX INTERNATIONAL INC.: KEY STRATERGY

TABLE 61. TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT

TABLE 62. TRANE TECHNOLOGIES PLC: OPERATING BUSINESS SEGMENTS

TABLE 63. TRANE TECHNOLOGIES PLC: PRODUCT PORTFOLIO

TABLE 64. TRANE TECHNOLOGIES PLC: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 65. TRANE TECHNOLOGIES PLC: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 66. TRANE TECHNOLOGIES PLC: KEY STRATERGY

TABLE 67. API HEAT TRANSFER INC.: COMPANY SNAPSHOT

TABLE 68. API HEAT TRANSFER INC.: OPERATING BUSINESS SEGMENTS

TABLE 69. API HEAT TRANSFER INC.: PRODUCT PORTFOLIO

TABLE 70. API HEAT TRANSFER INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 71. API HEAT TRANSFER INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 72. API HEAT TRANSFER INC.: KEY STRATERGY

TABLE 73. KELVION HOLDING GMBH: COMPANY SNAPSHOT

TABLE 74. KELVION HOLDING GMBH: OPERATING BUSINESS SEGMENTS

TABLE 75. KELVION HOLDING GMBH: PRODUCT PORTFOLIO

TABLE 76. KELVION HOLDING GMBH: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 77. KELVION HOLDING GMBH: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 78. KELVION HOLDING GMBH: KEY STRATERGY

TABLE 79. XYLEM INC.: COMPANY SNAPSHOT

TABLE 80. XYLEM INC.: OPERATING BUSINESS SEGMENTS

TABLE 81. XYLEM INC.: PRODUCT PORTFOLIO

TABLE 82. XYLEM INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 83. XYLEM INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 84. XYLEM INC.: KEY STRATERGY

TABLE 85. DANFOSS GROUP: COMPANY SNAPSHOT

TABLE 86. DANFOSS GROUP: OPERATING BUSINESS SEGMENTS

TABLE 87. DANFOSS GROUP: PRODUCT PORTFOLIO

TABLE 88. DANFOSS GROUP: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 89. DANFOSS GROUP: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 90. DANFOSS GROUP: KEY STRATERGY

TABLE 91. GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT

TABLE 92. GENERAL ELECTRIC COMPANY: OPERATING BUSINESS SEGMENTS

TABLE 93. GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO

TABLE 94. GENERAL ELECTRIC COMPANY: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 95. GENERAL ELECTRIC COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 96. 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. NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

FIGURE 7. FIXED TUBE HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

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

FIGURE 9. FLOATING HEAD HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 10. OTHER SHELL AND TUBE HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

FIGURE 11. SHELL AND TUBE, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

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

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

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

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

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

FIGURE 17. FORCED DRAFT HEAT EXCHANGERS, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

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

FIGURE 19. AIR COOLED, MARKET VALUE, BY COUNTRY, 2023-2030, (MILLION USD)

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 32. NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY REGION 2023-2030, (MILLION USD)

FIGURE 33. UNITED STATES NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE 2023-2030, (MILLION USD)

FIGURE 34. UNITED STATES NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS 2023-2030, (MILLION USD)

FIGURE 35. UNITED STATES NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 36. CANADA NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE 2023-2030, (MILLION USD)

FIGURE 37. CANADA NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS 2023-2030, (MILLION USD)

FIGURE 38. CANADA NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 39. MEXICO NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY TYPE 2023-2030, (MILLION USD)

FIGURE 40. MEXICO NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY MATERIALS 2023-2030, (MILLION USD)

FIGURE 41. MEXICO NORTH AMERICA HEAT EXCHANGERS MARKET VALUE, BY END USER 2023-2030, (MILLION USD)

FIGURE 42. ALFA LAVAL AB: NET SALES, (2021-2023)

FIGURE 43. ALFA LAVAL AB: PRIMARY MARKET COMPETITORS

FIGURE 44. JOHNSON CONTROLS INTERNATIONAL PLC: NET SALES, (2021-2023)

FIGURE 45. JOHNSON CONTROLS INTERNATIONAL PLC: PRIMARY MARKET COMPETITORS

FIGURE 46. CARRIER GLOBAL CORPORATION: NET SALES, (2021-2023)

FIGURE 47. CARRIER GLOBAL CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 48. LENNOX INTERNATIONAL INC.: NET SALES, (2021-2023)

FIGURE 49. LENNOX INTERNATIONAL INC.: PRIMARY MARKET COMPETITORS

FIGURE 50. TRANE TECHNOLOGIES PLC: NET SALES, (2021-2023)

FIGURE 51. TRANE TECHNOLOGIES PLC: PRIMARY MARKET COMPETITORS

FIGURE 52. API HEAT TRANSFER INC.: NET SALES, (2021-2023)

FIGURE 53. API HEAT TRANSFER INC.: PRIMARY MARKET COMPETITORS

FIGURE 54. KELVION HOLDING GMBH: NET SALES, (2021-2023)

FIGURE 55. KELVION HOLDING GMBH: PRIMARY MARKET COMPETITORS

FIGURE 56. XYLEM INC.: NET SALES, (2021-2023)

FIGURE 57. XYLEM INC.: PRIMARY MARKET COMPETITORS

FIGURE 58. DANFOSS GROUP: NET SALES, (2021-2023)

FIGURE 59. DANFOSS GROUP: PRIMARY MARKET COMPETITORS

FIGURE 60. GENERAL ELECTRIC COMPANY: NET SALES, (2021-2023)

FIGURE 61. 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 North America Heat Exchangers Market, and what are the future predictions?

The North America Heat Exchangers Market size was valued at USD 5803.4 million in 2023, and is predicted to reach USD 9187.0 million by 2030, with a CAGR of 6.2% 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 the North America 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.