Germany Heat Exchangers Market Size & Outlook, 2023-2030
Germany heat exchangers market, 2018-2030 (US$M)
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Germany heat exchangers market highlights
- The Germany heat exchangers market generated a revenue of USD 1,134.1 million in 2023 and is expected to reach USD 1,554.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.6% 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.
Heat exchangers market data book summary
| Market revenue in 2023 | USD 1,134.1 million |
| Market revenue in 2030 | USD 1,554.0 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Shell & tube |
| Fastest growing segment | Plate & Frame |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 6.2% of the global heat exchangers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Italy heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,554.0 million by 2030.
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Heat Exchangers Market Scope
Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 35.71% in 2023. Horizon Databook has segmented the Germany heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Rising energy demand for space heating from commercial and residential buildings is expected to drive the power generation sector in the country in the coming years, which, in turn, is anticipated to drive the demand for heat exchangers over the forecast period.
Growing demand for organic and health & wellness food products is expected to propel the growth of food & beverage sector in the region. In addition, there is an increasing demand for organically produced meat and sausage products.
Moreover, the continuing trend for vegan food products is anticipated to prompt the manufacturers to introduce meat-free products such as vegan sausages. Apart from food products, there is a growing demand for functional drinks, organic beverages, craft beers, organic wines, spirits, and beers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Germany heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany heat exchangers market size, by product, 2018-2030 (US$M)
Germany Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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