Japan Heat Exchangers Market Size & Outlook, 2023-2030
Japan heat exchangers market, 2018-2030 (US$M)
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Japan heat exchangers market highlights
- The Japan heat exchangers market generated a revenue of USD 791.7 million in 2023 and is expected to reach USD 1,105.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.9% 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 791.7 million |
| Market revenue in 2030 | USD 1,105.9 million |
| Growth rate | 4.9% (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, Japan accounted for 4.4% 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 Asia Pacific, China heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,164.6 million by 2030.
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Heat Exchangers Market Scope
Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 35.59% in 2023. Horizon Databook has segmented the Japan heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The economic growth is estimated to recover owing to the robust business investments coupled with increasing consumer spending supported by shopping rebates. Some of the key industries in the country include manufacturing, agriculture, and tourism.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Japan heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan heat exchangers market size, by product, 2018-2030 (US$M)
Japan Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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