U.S. Heat Exchangers Market Size & Outlook, 2023-2030
U.S. heat exchangers market, 2018-2030 (US$M)
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U.S. heat exchangers market highlights
- The U.S. heat exchangers market generated a revenue of USD 2,806.0 million in 2023 and is expected to reach USD 3,861.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.7% 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 2,806.0 million |
| Market revenue in 2030 | USD 3,861.3 million |
| Growth rate | 4.7% (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, U.S. accounted for 15.4% 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 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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U.S. 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 35.38% in 2023. Horizon Databook has segmented the U.S. heat exchangers market based on plate & frame, shell & tube, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund (IMF), the U.S. economy represents around 20% of the total global output. The U.S. economy features a technologically advanced and highly developed service sector, which accounts for approximately 80% of its output.
According to the World Nuclear Association (WNA), the U.S. leads other countries in the world for the number of operational nuclear reactors. The U.S. has 98 operating nuclear power reactors in 30 states operated by 30 power companies. Ongoing construction activities for additional nuclear capacities are anticipated to boost the power generation sector in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into U.S. heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. heat exchangers market size, by product, 2018-2030 (US$M)
U.S. Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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