Europe Heat Exchangers Market Size & Outlook, 2023-2030
Europe heat exchangers market, 2018-2030 (US$M)
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Europe heat exchangers market highlights
- The Europe heat exchangers market generated a revenue of USD 5,774.4 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, shell & tube was the largest revenue generating product in 2023.
- Plate & Frame is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,774.4 million |
| Market revenue in 2030 | USD 7,856.7 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Shell & tube |
| Fastest growing segment | Plate & Frame |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plate & Frame, Shell & Tube, Air-cooled |
| Key market players worldwide | Alfa Laval AB, Danfoss A/S, Kelvion, Xylem Inc, API Heat Transfer, Mersen SA, Hisaka Works, Chart Industries Inc, Johnson Controls International PLC, HRS Heat Exchangers, SPX Technologies Inc, Koch Industries, Southern Co, Güntner, FUNKE |
Other key industry trends
- In terms of revenue, Europe region accounted for 31.7% of the global heat exchangers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,863.9 million by 2030.
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Heat Exchangers Market Scope
Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe heat exchangers 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 exchangers market will help companies and investors design strategic landscapes.
Shell & tube was the largest segment with a revenue share of 35.55% in 2023. Horizon Databook has segmented the Europe heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The European economy is expected to grow at a steady pace in the coming years. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the economic growth of the region.
In addition, public investment, most notably in digital & transport infrastructure, is further anticipated to impact the economic growth positively. Private investments, especially in construction sector, are expected to boost the region's economic growth.
The European region is characterized by the presence of several major economies in the world, such as Germany, the UK, France, Spain, Italy, and Russia. The European Union (EU) is one of the leading chemical manufacturing and exporting regions in the world.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe heat exchangers market size, by country, 2018-2030 (US$M)
Europe Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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