세계의 열교환기 시장 : 유형별, 재료별, 최종 용도 산업별, 지역별 예측(-2030년)

The heat exchanger market is projected to reach USD 33.52 billion by 2030 from USD 23.95 billion in 2025, at a CAGR of 7.0% during the forecast period. The heat exchanger market is primarily driven by rapid industrialization, rising global energy demand, and the increasing need for energy-efficient systems across industries such as power generation, oil and gas, chemicals, HVAC, food processing, and pharmaceuticals. Stricter environmental regulations and a growing focus on waste heat recovery further accelerate adoption, as industries seek to reduce emissions and operational costs through improved thermal management.

Additionally, emerging economies in the Asia Pacific, Latin America, and the Middle East are investing heavily in infrastructure, manufacturing, and energy projects, creating significant demand for both new installations and replacement units. However, market growth faces restraints such as high initial investment costs, especially for advanced and specialized heat exchangers, along with maintenance challenges in high-fouling or corrosive environments.

"Air cooled heat exchanger type is projected to be the second fastest-growing segment in the heat exchanger market during the forecast period"

Air cooled heat exchangers (ACHEs) are thermal systems that use ambient air, rather than water, as the cooling medium to dissipate heat from process fluids. They consist of finned tubes or coils through which hot process fluid flows, with fans blowing atmospheric air over the surface to facilitate heat transfer. Unlike shell-and-tube or plate heat exchangers, ACHEs do not require large quantities of cooling water, making them particularly suitable for regions facing water scarcity or where water treatment costs are high. They are widely used in oil and gas, petrochemicals, power generation, chemical processing, and other industries where reliable, continuous cooling is required in outdoor environments. Their modular and flexible design allows easy scalability for different capacity requirements, while the absence of cooling water systems reduces maintenance and operational complexity. The growing adoption of air-cooled heat exchangers is fueled by rising environmental concerns, tightening water usage regulations, and the increasing operational costs of water-based cooling systems. With industries seeking sustainable cooling solutions that reduce water dependency, ACHEs are gaining prominence, especially in arid regions and offshore installations. They are also favored in remote or hazardous locations where water supply is limited or where maintenance access to cooling towers is impractical.

"The chemical segment is projected to be the largest segment in the heat exchanger market during the forecast period"

The chemical industry is one of the most critical end-use sectors for heat exchangers, as these systems are essential for precise temperature regulation, efficient heat recovery, and safe handling of corrosive or high-viscosity fluids across processes such as heating, cooling, condensation, and evaporation. In the Asia Pacific, demand is fueled by China's massive petrochemical and specialty chemical output, India's rapidly expanding USD 220+ billion chemical sector, and Japan's advanced specialty manufacturing requiring high-quality, corrosion-resistant designs. North America benefits from low-cost shale gas feedstock, driving capacity expansions and retrofits in the US, while Europe's stringent energy-efficiency and environmental regulations-especially in Germany, France, and the Netherlands-spur adoption of advanced, sustainable heat transfer systems. The Middle East & Africa, led by Saudi Arabia, the UAE, and Qatar, sees heavy demand from petrochemical megaprojects requiring large, durable units, and Latin America, particularly Brazil, is experiencing steady growth in chemical manufacturing linked to polymer, agrochemical, and refining projects. Across these regions, rising energy costs, the push for carbon reduction, and the need for reliable, high-performance equipment are reinforcing the chemical industry's role as a key growth driver for the global heat exchanger market.

"The Europe market is projected to largest for heat exchangers during the forecast period"

Europe holds the largest share of the global heat exchanger market, driven by its mature industrial base, stringent energy-efficiency regulations, and strong focus on sustainable technologies. The region's well-established industries-including chemicals, power generation, oil and gas, HVAC, food and beverage, and pharmaceuticals-create consistent demand for high-performance heat transfer systems. EU directives on energy efficiency, emission reduction, and waste heat recovery have accelerated the adoption of advanced designs, such as plate-and-frame and compact heat exchangers, to optimize thermal performance while reducing operational costs. Countries like Germany, France, and Italy lead in manufacturing and industrial innovation, with Germany being a hub for chemical processing and engineering expertise, France excelling in nuclear power generation, and Italy driving demand from its robust food processing sector. The UK's growing renewable energy initiatives, coupled with modernization in its heating and cooling infrastructure, further support market growth. Additionally, Europe's push toward decarbonization-supported by the European Green Deal-has spurred investments in district heating and cooling networks, as well as waste heat recovery in manufacturing plants.

Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and the information gathered through secondary research.

The break-up of interviews with experts is given below:

• By Department: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
• By Designation: C Level: 35%, Director Level: 30%, and Executives: 35%
• By Region: North America: 25%, Europe: 35%, Asia Pacific: 30%, South America: 5%, Middle East & Africa 5%

Alfa Laval (Sweden), Kelvion Holding GmbH (Germany), Danfoss (Denmark), Exchanger Industries Limited (Canada), Mersen (France), API Heat Transfer (US), BOYD (US), Johnson Controls (Ireland), Xylem (US), Wabtec Corporation (US) ,SPX Flow (US), Lennox International Inc. (US), Modine Manufacturing Company (US), Wieland (Germany), and Air Products & Chemicals, Inc. (US), among others are some of the key players in the heat exchanger market.

The study includes an in-depth competitive analysis of these key players in the heat exchanger market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the heat exchanger market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on type, material, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their positions in the heat exchanger market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall heat exchanger market and its segments and subsegments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the positions of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

• Analysis of key drivers (Increasing industrialization in emerging economies, rising energy efficiency regulations and stringent emission standards, Growing demand for HVAC & refrigeration equipment), restraints (Fluctuation in raw material prices, Lack awareness in energy efficiency), opportunities (Growth number of nuclear power plants), challenges (Regulations concerning fluorinated greenhouse gases, Capital intensive market)
• Market Development: Comprehensive information about lucrative markets - the report analyzes the heat exchanger market across varied regions

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the heat exchanger market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, product and service offerings of leading players like Alfa Laval (Sweden), Kelvion Holding GmbH (Germany), Danfoss (Denmark), Exchanger Industries Limited (Canada), Mersen (France), API Heat Transfer (US), BOYD (US), Johnson Controls (Ireland), Xylem (US), Wabtec Corporation (US), SPX Flow (US), Lennox International Inc. (US), Modine Manufacturing Company (US), Wieland (Germany), and Air Products & Chemicals, Inc. (US), among others are the top manufacturers covered in the heat exchanger market.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SPREAD
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
  • 1.3.4 CURRENCY CONSIDERED
  • 1.3.5 UNITS CONSIDERED
• 1.4 STAKEHOLDERS
• 1.5 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY DATA
    • 2.1.1.1 Key data from secondary sources
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 Key data from primary sources
    • 2.1.2.2 List of primary interview participants - demand and supply sides
    • 2.1.2.3 Key industry insights
    • 2.1.2.4 Breakdown of interviews with experts
• 2.2 MARKET SIZE ESTIMATION
  • 2.2.1 BOTTOM-UP APPROACH
  • 2.2.2 TOP-DOWN APPROACH
• 2.3 DATA TRIANGULATION
• 2.4 RESEARCH ASSUMPTIONS
• 2.5 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HEAT EXCHANGER MARKET
• 4.2 HEAT EXCHANGER MARKET, BY TYPE
• 4.3 HEAT EXCHANGER MARKET, BY END-USE INDUSTRY
• 4.4 HEAT EXCHANGER MARKET, BY COUNTRY

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Increasing industrialization in emerging economies
    • 5.2.1.2 Rising energy efficiency regulations and stringent emission standards
    • 5.2.1.3 Growing demand for HVAC & refrigeration equipment
    • 5.2.1.4 Growing demand for heat pumps
    • 5.2.1.5 Rising demand for sustainable, low energy consumption, and cost-effective heat exchangers
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 Fluctuation in raw material prices
    • 5.2.2.2 Lack of awareness of energy efficiency
    • 5.2.2.3 Growing demand for battery electric vehicles
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Growing number of nuclear power plants
    • 5.2.3.2 Growing aftermarket of heat exchangers
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Regulations concerning fluorinated greenhouse gases
    • 5.2.4.2 Capital-intensive market
• 5.3 PORTER'S FIVE FORCES ANALYSIS
  • 5.3.1 THREAT OF SUBSTITUTES
  • 5.3.2 BARGAINING POWER OF SUPPLIERS
  • 5.3.3 THREAT OF NEW ENTRANTS
  • 5.3.4 BARGAINING POWER OF BUYERS
  • 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.4.2 BUYING CRITERIA
• 5.5 MACROECONOMIC INDICATORS
  • 5.5.1 GLOBAL GDP TRENDS
  • 5.5.2 OIL & GAS STATISTICS
  • 5.5.3 POWER GENERATION STATISTICS

6 INDUSTRY TRENDS

• 6.1 INTRODUCTION
• 6.2 VALUE CHAIN ANALYSIS
• 6.3 REGULATORY LANDSCAPE
  • 6.3.1 REGULATIONS
    • 6.3.1.1 North America
    • 6.3.1.2 Europe
    • 6.3.1.3 Asia Pacific
  • 6.3.2 STANDARDS
    • 6.3.2.1 ISO 27.060.30
    • 6.3.2.2 BS EN 308:2022
    • 6.3.2.3 ASME Boiler and Pressure Vessel Code (BPVC)
    • 6.3.2.4 Tubular Exchanger Manufacturers Association (TEMA) Standards
    • 6.3.2.5 API (American Petroleum Institute) Standards
    • 6.3.2.6 PD500 Standards
    • 6.3.2.7 EN 13445 Standards
  • 6.3.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
• 6.4 TRADE ANALYSIS
  • 6.4.1 IMPORT SCENARIO (HS CODE 841950)
  • 6.4.2 EXPORT SCENARIO (HS CODE 841950)
• 6.5 PRICING ANALYSIS
  • 6.5.1 AVERAGE SELLING PRICE TREND, BY REGION, 2022-2030
  • 6.5.2 AVERAGE SELLING PRICE TREND, BY TYPE, 2024-2030
  • 6.5.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY, 2024
• 6.6 INVESTMENT AND FUNDING SCENARIO
• 6.7 ECOSYSTEM
• 6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 6.9 TECHNOLOGY ANALYSIS
  • 6.9.1 KEY TECHNOLOGIES
    • 6.9.1.1 Multi-functional heat exchangers
    • 6.9.1.2 Nanotechnology-enhanced heat exchangers
  • 6.9.2 COMPLEMENTARY TECHNOLOGIES
    • 6.9.2.1 3D-printed heat exchangers
    • 6.9.2.2 Compact and microgroove heat exchangers
• 6.10 CASE STUDY ANALYSIS
  • 6.10.1 API HEAT TRANSFER
  • 6.10.2 BOYD
  • 6.10.3 API HEAT TRANSFER
• 6.11 KEY CONFERENCES AND EVENTS, 2025-2026
• 6.12 PATENT ANALYSIS
  • 6.12.1 METHODOLOGY
  • 6.12.2 PATENT TYPES
  • 6.12.3 PUBLICATION TRENDS
  • 6.12.4 INSIGHTS
  • 6.12.5 JURISDICTION ANALYSIS
  • 6.12.6 TOP APPLICANTS

7 HEAT EXCHANGER MARKET, BY TYPE

• 7.1 INTRODUCTION
• 7.2 SHELL & TUBE HEAT EXCHANGERS
  • 7.2.1 INCREASING DEMAND FROM VARIOUS END-USE INDUSTRIES TO DRIVE MARKET
  • 7.2.2 TUBULAR HEAT EXCHANGERS
  • 7.2.3 FIXED TUBE HEAT EXCHANGERS
  • 7.2.4 U-TUBE HEAT EXCHANGERS
  • 7.2.5 FLOATING HEAD HEAT EXCHANGERS
• 7.3 PLATE & FRAME HEAT EXCHANGERS
  • 7.3.1 COST-EFFECTIVENESS AND DURABILITY TO DRIVE MARKET
  • 7.3.2 GASKETED PLATE & FRAME HEAT EXCHANGERS
  • 7.3.3 WELDED PLATE & FRAME HEAT EXCHANGERS
  • 7.3.4 BRAZED HEAT EXCHANGERS
• 7.4 AIR COOLED HEAT EXCHANGERS
  • 7.4.1 INCREASING USE IN CHEMICAL AND ENERGY INDUSTRIES TO DRIVE MARKET
  • 7.4.2 FORCED DRAFT HEAT EXCHANGERS
  • 7.4.3 INDUCED DRAFT HEAT EXCHANGERS
• 7.5 OTHER TYPES
  • 7.5.1 EXTENDED SURFACE HEAT EXCHANGERS
  • 7.5.2 REGENERATIVE HEAT EXCHANGERS

8 HEAT EXCHANGER MARKET, BY MATERIAL

• 8.1 INTRODUCTION
  • 8.1.1 METALS
    • 8.1.1.1 High thermal conductivity and durability to drive market
    • 8.1.1.2 Steel
      • 8.1.1.2.1 Carbon steel
      • 8.1.1.2.2 Stainless steel
    • 8.1.1.3 Copper
    • 8.1.1.4 Aluminum
    • 8.1.1.5 Titanium
    • 8.1.1.6 Nickel
    • 8.1.1.7 Other metals
  • 8.1.2 ALLOYS
    • 8.1.2.1 Extreme environmentally friendly nature to drive market
    • 8.1.2.2 Nickel alloys
      • 8.1.2.2.1 Hastelloy alloys
      • 8.1.2.2.2 Inconel alloys
      • 8.1.2.2.3 Monel alloys
      • 8.1.2.2.4 Other nickel alloys
    • 8.1.2.3 Copper alloys
    • 8.1.2.4 Titanium alloys
    • 8.1.2.5 Other alloys
  • 8.1.3 BRAZING CLAD MATERIALS
    • 8.1.3.1 Enhanced corrosion resistance and thermal conductivity to drive market
    • 8.1.3.2 Copper brazing
    • 8.1.3.3 Ni clad brazing
    • 8.1.3.4 Phosphor copper brazing
    • 8.1.3.5 Silver brazing
    • 8.1.3.6 Other brazing clad materials

9 HEAT EXCHANGER MARKET, BY END-USE INDUSTRY

• 9.1 INTRODUCTION
• 9.2 CHEMICALS
  • 9.2.1 GROWING CHEMICAL INDUSTRY TO DRIVE MARKET
  • 9.2.2 BASE CHEMICALS
  • 9.2.3 INTERMEDIATE CHEMICALS
  • 9.2.4 SPECIALTY CHEMICALS
• 9.3 ENERGY
  • 9.3.1 INCREASING USE FOR HEAT RECOVERY TO DRIVE MARKET
  • 9.3.2 PETROCHEMICALS
  • 9.3.3 OIL & GAS
• 9.4 HVAC & REFRIGERATION
  • 9.4.1 POPULATION GROWTH, URBANIZATION, AND RISING INCOME TO DRIVE MARKET
  • 9.4.2 DISTRICT HEATING & COOLING
  • 9.4.3 COMMERCIAL REFRIGERATION
  • 9.4.4 AIR CONDITIONING
  • 9.4.5 INDUSTRIAL REFRIGERATION
• 9.5 FOOD & BEVERAGES
  • 9.5.1 NEED FOR ENERGY EFFICIENCY AND STRINGENT ENVIRONMENTAL REGULATIONS TO DRIVE MARKET
  • 9.5.2 PROCESS FOOD
  • 9.5.3 DAIRY
  • 9.5.4 SUGAR & ETHANOL PRODUCTION
  • 9.5.5 OTHER FOOD & BEVERAGES
• 9.6 POWER
  • 9.6.1 ENHANCEMENT IN THERMAL MANAGEMENT TO DRIVE MARKET
  • 9.6.2 RENEWABLE
  • 9.6.3 NON-RENEWABLE
• 9.7 PULP & PAPER
  • 9.7.1 REDUCED FUEL CONSUMPTION AND LOWER OPERATING COSTS TO DRIVE MARKET
• 9.8 OTHER END-USE INDUSTRIES
  • 9.8.1 METALLURGICAL
  • 9.8.2 WASTEWATER TREATMENT
  • 9.8.3 MINING

10 HEAT EXCHANGER MARKET, BY REGION

• 10.1 INTRODUCTION
• 10.2 NORTH AMERICA
  • 10.2.1 US
    • 10.2.1.1 Change in efficiency standards by DOE to drive market
  • 10.2.2 CANADA
    • 10.2.2.1 Availability of vast natural resources & diversified economy to contribute to market growth
  • 10.2.3 MEXICO
    • 10.2.3.1 Rising population to drive demand for power generation
• 10.3 EUROPE
  • 10.3.1 GERMANY
    • 10.3.1.1 Strong economy, substantial investments in end-use industries to drive market
  • 10.3.2 FRANCE
    • 10.3.2.1 Carbon neutrality initiative and strong chemical industry to influence market growth
  • 10.3.3 UK
    • 10.3.3.1 Strong end-use industry and favorable business environment to boost market
  • 10.3.4 ITALY
    • 10.3.4.1 Need for sustainability to drive market
  • 10.3.5 RUSSIA
    • 10.3.5.1 Oil & gas sector to boost demand for heat exchangers
  • 10.3.6 TURKEY
    • 10.3.6.1 Urbanization and improving living standards to boost demand
  • 10.3.7 REST OF EUROPE
• 10.4 ASIA PACIFIC
  • 10.4.1 CHINA
    • 10.4.1.1 Rapid industrialization and thriving end-use industries to grow market
  • 10.4.2 JAPAN
    • 10.4.2.1 Growth in end-use industries to drive market
  • 10.4.3 INDIA
    • 10.4.3.1 Rapid industrialization in energy and power generation end-use industries to boost demand
  • 10.4.4 SOUTH KOREA
    • 10.4.4.1 Strong chemical industry and favorable government policies to boost market
  • 10.4.5 REST OF ASIA PACIFIC
• 10.5 SOUTH AMERICA
  • 10.5.1 BRAZIL
    • 10.5.1.1 Strong end-use industry to influence market
  • 10.5.2 ARGENTINA
    • 10.5.2.1 Focus on non-hydro renewable sources to boost demand
  • 10.5.3 REST OF SOUTH AMERICA
• 10.6 MIDDLE EAST & AFRICA
  • 10.6.1 GCC COUNTRIES
    • 10.6.1.1 Saudi Arabia
      • 10.6.1.1.1 Strong oil & gas industry to drive market
    • 10.6.1.2 Qatar
      • 10.6.1.2.1 Oil & gas industry contribute to rise in demand for heat exchangers
    • 10.6.1.3 Other GCC Countries
      • 10.6.1.3.1 Adoption of district cooling systems and rising industrialization to drive market
  • 10.6.2 REST OF MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE

• 11.1 OVERVIEW
• 11.2 KEY PLAYER STRATEGIES
• 11.3 REVENUE ANALYSIS
• 11.4 MARKET SHARE ANALYSIS
• 11.5 COMPANY VALUATION AND FINANCIAL METRICS
• 11.6 BRAND COMPARISON
• 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 11.7.1 STARS
  • 11.7.2 EMERGING LEADERS
  • 11.7.3 PERVASIVE PLAYERS
  • 11.7.4 PARTICIPANTS
  • 11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 11.7.5.1 Company footprint
    • 11.7.5.2 Region footprint
    • 11.7.5.3 Type footprint
    • 11.7.5.4 Material footprint
    • 11.7.5.5 End-use industry footprint
• 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 11.8.1 PROGRESSIVE COMPANIES
  • 11.8.2 RESPONSIVE COMPANIES
  • 11.8.3 DYNAMIC COMPANIES
  • 11.8.4 STARTING BLOCKS
  • 11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 11.8.5.1 Detailed list of key startups/SMEs
    • 11.8.5.2 Competitive benchmarking of key startups/SMEs
• 11.9 COMPETITIVE SCENARIO AND TRENDS
  • 11.9.1 PRODUCT LAUNCHES
  • 11.9.2 DEALS
  • 11.9.3 EXPANSIONS

12 COMPANY PROFILES

• 12.1 KEY PLAYERS
  • 12.1.1 ALFA LAVAL
    • 12.1.1.1 Business overview
    • 12.1.1.2 Products/Solutions/Services offered
    • 12.1.1.3 Recent developments
      • 12.1.1.3.1 Product launches
      • 12.1.1.3.2 Deals
      • 12.1.1.3.3 Expansions
    • 12.1.1.4 MnM view
      • 12.1.1.4.1 Right to win
      • 12.1.1.4.2 Strategic choices
      • 12.1.1.4.3 Weaknesses and competitive threats
  • 12.1.2 KELVION HOLDING GMBH
    • 12.1.2.1 Business overview
    • 12.1.2.2 Products/Solutions/Services offered
    • 12.1.2.3 Recent developments
      • 12.1.2.3.1 Product launches
      • 12.1.2.3.2 Expansions
    • 12.1.2.4 MnM view
      • 12.1.2.4.1 Right to win
      • 12.1.2.4.2 Strategic choices
      • 12.1.2.4.3 Weaknesses and competitive threats
  • 12.1.3 DANFOSS
    • 12.1.3.1 Business overview
    • 12.1.3.2 Products/Solutions/Services offered
    • 12.1.3.3 Recent developments
      • 12.1.3.3.1 Product launches
      • 12.1.3.3.2 Deals
      • 12.1.3.3.3 Expansions
    • 12.1.3.4 MnM view
      • 12.1.3.4.1 Right to win
      • 12.1.3.4.2 Strategic choices
      • 12.1.3.4.3 Weaknesses and competitive threats
  • 12.1.4 EXCHANGER INDUSTRIES LIMITED
    • 12.1.4.1 Business overview
    • 12.1.4.2 Products/Solutions/Services offered
    • 12.1.4.3 Recent developments
      • 12.1.4.3.1 Product launches
      • 12.1.4.3.2 Deals
    • 12.1.4.4 MnM view
      • 12.1.4.4.1 Right to win
      • 12.1.4.4.2 Strategic choices
      • 12.1.4.4.3 Weaknesses and competitive threats
  • 12.1.5 MERSEN
    • 12.1.5.1 Business overview
    • 12.1.5.2 Products/Solutions/Services offered
    • 12.1.5.3 Recent developments
      • 12.1.5.3.1 Product launches
      • 12.1.5.3.2 Deals
    • 12.1.5.4 MnM view
      • 12.1.5.4.1 Right to win
      • 12.1.5.4.2 Strategic choices
      • 12.1.5.4.3 Weaknesses and competitive threats
  • 12.1.6 API HEAT TRANSFER
    • 12.1.6.1 Business overview
    • 12.1.6.2 Products/Solutions/Services offered
    • 12.1.6.3 MnM view
  • 12.1.7 BOYD
    • 12.1.7.1 Business overview
    • 12.1.7.2 Products/Solutions/Services offered
    • 12.1.7.3 Recent developments
      • 12.1.7.3.1 Deals
      • 12.1.7.3.2 Expansions
    • 12.1.7.4 MnM view
  • 12.1.8 JOHNSON CONTROLS
    • 12.1.8.1 Business overview
    • 12.1.8.2 Products/Solutions/Services offered
    • 12.1.8.3 Recent developments
      • 12.1.8.3.1 Product launches
    • 12.1.8.4 MnM view
  • 12.1.9 XYLEM
    • 12.1.9.1 Business overview
    • 12.1.9.2 Products/Solutions/Services offered
    • 12.1.9.3 Recent developments
      • 12.1.9.3.1 Product launches
    • 12.1.9.4 MnM view
  • 12.1.10 WABTEC CORPORATION
    • 12.1.10.1 Business overview
    • 12.1.10.2 Products/Solutions/Services offered
    • 12.1.10.3 Recent developments
      • 12.1.10.3.1 Deals
      • 12.1.10.3.2 Expansions
    • 12.1.10.4 MnM view
  • 12.1.11 SPX FLOW
    • 12.1.11.1 Business overview
    • 12.1.11.2 Products/Solutions/Services offered
      • 12.1.11.2.1 Expansions
    • 12.1.11.3 MnM view
  • 12.1.12 LU-VE GROUP
    • 12.1.12.1 Business overview
    • 12.1.12.2 Products/Solutions/Services offered
    • 12.1.12.3 Recent developments
      • 12.1.12.3.1 Deals
      • 12.1.12.3.2 Expansions
    • 12.1.12.4 MnM view
  • 12.1.13 LENNOX INTERNATIONAL INC.
    • 12.1.13.1 Business overview
    • 12.1.13.2 Products/Solutions/Services offered
    • 12.1.13.3 Recent developments
      • 12.1.13.3.1 Expansions
    • 12.1.13.4 MnM view
  • 12.1.14 MODINE MANUFACTURING COMPANY
    • 12.1.14.1 Business overview
    • 12.1.14.2 Products/Solutions/Services offered
    • 12.1.14.3 Recent developments
      • 12.1.14.3.1 Deals
    • 12.1.14.4 MnM view
  • 12.1.15 WIELAND
    • 12.1.15.1 Business overview
    • 12.1.15.2 Products/Solutions/Services offered
    • 12.1.15.3 Recent developments
      • 12.1.15.3.1 Deals
      • 12.1.15.3.2 Other developments
    • 12.1.15.4 MnM view
• 12.2 OTHER PLAYERS
  • 12.2.1 AIR PRODUCTS AND CHEMICALS, INC.
  • 12.2.2 BARRIQUAND HEAT EXCHANGERS
  • 12.2.3 BRASK, INC.
  • 12.2.4 CATARACT STEEL
  • 12.2.5 CHART INDUSTRIES
  • 12.2.6 DOOSAN CORPORATION
  • 12.2.7 FUNKEWARMETAUSCHER APPARATEBAU GMBH
  • 12.2.8 HISAKA WORKS, LTD.
  • 12.2.9 HINDUSTAN DORR-OLIVER LTD.
  • 12.2.10 KOCH HEAT TRANSFER COMPANY
  • 12.2.11 RADIANT HEAT EXCHANGER PVT. LTD.
  • 12.2.12 SWEP INTERNATIONAL AB
  • 12.2.13 THERMAX LIMITED
  • 12.2.14 SIERRA S.P.A.
  • 12.2.15 VAHTERUS OY

13 APPENDIX

• 13.1 DISCUSSION GUIDE
• 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 13.3 CUSTOMIZATION OPTIONS
• 13.4 RELATED REPORTS
• 13.5 AUTHOR DETAILS