Italy Heat Exchangers Market Size & Outlook, 2023-2030

The heat exchangers market in Italy is expected to reach a projected revenue of US$ 1,985.4 million by 2030. A compound annual growth rate of 4.1% is expected of Italy heat exchangers market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,498.0
Forecast, 2030 (US$M)
$1,985.4
CAGR, 2024 - 2030
4.1%
Report Coverage
Italy

Italy heat exchangers market highlights

  • The Italy heat exchangers market generated a revenue of USD 1,498.0 million in 2023 and is expected to reach USD 1,985.4 million by 2030.
  • The Italy market is expected to grow at a CAGR of 4.1% 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 2023USD 1,498.0 million
Market revenue in 2030USD 1,985.4 million
Growth rate4.1% (CAGR from 2023 to 2030)
Largest segmentShell & tube
Fastest growing segmentPlate & Frame
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPlate & Frame, Shell & Tube, Air-cooled
Key market players worldwideAlfa 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, Italy accounted for 8.2% 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 Companies

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Italy 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 35.99% in 2023. Horizon Databook has segmented the Italy heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.


The country's economic growth is expected to recover gradually due to several factors including rising disposable income, high public investment, reduced social security charges & tax burdens, and tax incentives for businesses.

Significant industries in Italy include machinery, chemical, tourism, automobile, and food processing. Italy heat exchangers market is characterized by the rising product demand from power generation, chemical, and food & beverage sectors.

Italy is expected to gain significance as a major trading hub for chemical industry over a long period. Chemical manufacturers in Italy are focusing on production and specialization in downstream chemicals such as specialty chemicals and detergents, thereby offering tailor-made solutions to their customers.

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Horizon Databook provides a detailed overview of country-level data and insights on the Italy heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Italy heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Italy heat exchangers market size, by product, 2018-2030 (US$M)

Italy Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)

Italy heat exchangers market size, by product, 2018-2030 (US$M)

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