UAE Heat Exchangers Market Size & Outlook, 2023-2030
UAE heat exchangers market, 2018-2030 (US$M)
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UAE heat exchangers market highlights
- The UAE heat exchangers market generated a revenue of USD 400.4 million in 2023 and is expected to reach USD 582.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.5% 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.
Heat exchangers market data book summary
| Market revenue in 2023 | USD 400.4 million |
| Market revenue in 2030 | USD 582.7 million |
| Growth rate | 5.5% (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, UAE accounted for 2.2% 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 Middle East & Africa, UAE heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 582.7 million by 2030.
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Heat Exchangers Market Scope
Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE 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 35.81% in 2023. Horizon Databook has segmented the UAE heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
Expanding tourism sector, flourishing industrial output, and increasing exports are expected to aid the economic growth in the UAE. The country exhibits a positive outlook for construction industry owing to increased consumer confidence, spiked housing prices, and improved real estate activity.
The new facility is expected to supply raw materials to some significant industrial firms in the country including Emirates Global Aluminum (EGA). This facility is expected to fuel the overall growth of chemical sector in the country, thereby stimulating the demand for heat exchangers owing to a wide range of applications in this sector.
Increasing population and rise in energy demand in the country are expected to boost the markets for HVAC & refrigeration and power generation, which, in turn, are likely to steer the demand for heat exchangers.
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Our clientele includes a mix of heat exchangers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into UAE heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE heat exchangers market size, by product, 2018-2030 (US$M)
UAE Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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