North America Heat Exchanger Market Size & Outlook
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North America heat exchanger market highlights
- The North America heat exchanger market generated a revenue of USD 3,926.4 million in 2024.
- The market is expected to grow at a CAGR of 5.9% from 2025 to 2033.
- In terms of segment, shell & tube was the largest revenue generating product in 2024.
- Plate & Frame is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 3,926.4 million |
| Market revenue in 2033 | USD 6,449.5 million |
| Growth rate | 5.9% (CAGR from 2025 to 2033) |
| Largest segment | Shell & tube |
| Fastest growing segment | Plate & Frame |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plate & Frame, Shell & Tube, Air-cooled |
Other key industry trends
- In terms of revenue, North America region accounted for 20.8% of the global heat exchanger market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,623.6 million by 2033.
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Heat Exchanger Market Scope
Heat Exchanger Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Southern Heat Exchanger Corporation | View profile | 101-250 | Tuscaloosa, Alabama, United States, North America | https://www.sheco.com/ |
| FUNKE | View profile | 251-500 | Gronau, Niedersachsen, Germany, Europe | https://funke.de |
| Güntner | View profile | 1001-5000 | Fürstenfeldbruck, Bayern, Germany, Europe | https://www.guentner.com |
| SPX FLOW | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | https://www.spxflow.com/ |
| HRS Heat Exchangers | View profile | 101-250 | Watford, Hertford, United Kingdom, Europe | https://www.hrs-heatexchangers.com/ |
| Koch Industries | View profile | 10001+ | Wichita, Kansas, United States, North America | https://www.kochind.com |
| API Heat Transfer | View profile | 1001-5000 | Buffalo, New York, United States, North America | http://www.apiheattransfer.com |
| Kelvion | View profile | 11-50 | Bochum, Nordrhein-Westfalen, Germany, Europe | https://www.kelvion.com/ |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| Hisaka Works | View profile | 501-1000 | Osaka-shi, Osaka, Japan, Asia | https://www.hisaka.co.jp/ |
| Chart Industries Inc | View profile | 11637 | 2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, United States, 30107 | https://www.chartindustries.com |
| Mersen SA | View profile | 7534 | Tour Trinity, 1 bis place de la Defense, Courbevoie, France, 92400 | https://www.mersen.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
North America heat exchanger market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat exchanger market will help companies and investors design strategic landscapes.
Shell & tube was the largest segment with a revenue share of 36.71% in 2024. Horizon Databook has segmented the North America heat exchanger market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of North America heat exchanger market databook
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Our clientele includes a mix of heat exchanger market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America heat exchanger market , including forecasts for subscribers. This continent databook contains high-level insights into North America heat exchanger market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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North America heat exchanger market size, by country, 2021-2033 (US$M)
North America Heat Exchanger Market Outlook Share, 2024 & 2033 (US$M)
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