Mexico Heat Exchangers Market Size & Outlook, 2023-2030
Mexico heat exchangers market, 2018-2030 (US$M)
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Mexico heat exchangers market highlights
- The Mexico heat exchangers market generated a revenue of USD 350.8 million in 2023 and is expected to reach USD 523.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% 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 350.8 million |
| Market revenue in 2030 | USD 523.5 million |
| Growth rate | 5.9% (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, Mexico accounted for 1.9% 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 North America, U.S. heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 523.5 million by 2030.
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Heat Exchangers Market Scope
Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 35.72% in 2023. Horizon Databook has segmented the Mexico heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., which is one of the major export destinations for component manufacturers. Furthermore, ease of doing business, geographical proximity, and supply source for distributors & retailers make the country one of the most preferred locations for manufacturers.
Increasing investments from multinational players in the Mexican market are expected to drive the growth of manufacturing sector of the country, thereby augmenting the growth of the Mexico heat exchangers market. Mexico has implemented the IMMEX program, which provides a tax incentive to companies involved in manufacturing and exporting goods.
In addition, to avail this incentive, the companies are required to export a significant part of the produced goods. Furthermore, the IMMEX program benefits in terms of a streamlined process for company information, lower income tax rate, and can avail the service of low-wage Mexican workers.
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Our clientele includes a mix of heat exchangers market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Mexico heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico heat exchangers market size, by product, 2018-2030 (US$M)
Mexico Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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