Home / Heat Pump Blog / Industrie nieuws / Industry News / Heat Exchangers Market Expected to Reach $20.12 Billion by 2022

Heat Exchangers Market Expected to Reach $20.12 Billion by 2022

Aantal Bladeren:0     Auteur:Site Editor     Publicatie tijd: 2017-05-17      Oorsprong:aangedreven

Shell and tube exchangers to show the highest growth rate

PUNE, India — The global heat exchangers market was valued $12.61 billion in 2015 and is projected to reach $20.12 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent from 2016 to 2022, according to Heat Exchangers Market Report published by Allied Market Research. The shell and tube heat exchanger segment held approximately one-fourth of the total market share in 2015.

Heat exchangers are devices designed to transfer heat between two or more fluids and between a solid surface and fluids at different temperatures. In several heat exchangers, such as gasketed and brazed type, heat transfer between fluids takes place through a separating wall or heat transfer takes place in and out of a wall in a transient manner (transfer of heat from one medium to another medium). In gasketed plate heat exchangers, the fluids are separated by a compact and lightweight heat transfer surface, thereby avoiding sizing problems and acting as an efficient method for heat exchange between two liquid streams. These are used in power plants, chemical plants, natural gas processing, sewage treatment, and petroleum refineries. They are also used in air conditioning and ventilation applications as they remove heat from engines. Moreover, enormous applications of plate and frame exchangers in food and beverage, petroleum, chemical, and hydrocarbon processing is expected to propel the market growth in coming years.

Shell and tube heat exchangers accounted for nearly one-fourth of the share, in terms of value, in 2015. Furthermore, increases in demand for shell and tube heat exchangers in oil and gas exploration processes act as a key factor responsible for market growth.

"Demand for different heat exchangers such as shell and tube and air-cooled are expected to be driven, owing to their high-efficiency, heat transfer ability, abrasive wear protection, and excellent drainage properties. This acts as a lucrative opportunity for the key players in the global heat exchangers market," said Eswara Prasad, team lead, chemicals and materials at Allied Market Research.


  • In terms of value, the shell and tube type is anticipated to show the highest growth rate of 7.3 percent during the 

  • analysis period;

  • Latin America is projected to maintain its lead throughout 2022 and is projected to grow at a CAGR of 7.2 percent, 

  • in terms of value;

  • The chemical industry segment occupied approximately one-fourth of the total market in 2015;

  • France occupied around one-eighth of the total European heat exchangers market in 2015; and

  • In terms of value, Japan is expected to grow at a CAGR of 7.7 percent from 2016 to 2022.

In 2015, Asia-Pacific and Europe collectively accounted for more than half of the total heat exchangers market and are expected to continue this trend due to increases in demand for heat exchangers in petrochemical and oil and gas industries, specifically in China, India, Japan, Brazil, and other developing countries.

Our Sprsun heat pump has high quality due to the Shell and tube heat exchanger as one of the main components.

It has large heat exchanging area and small size.The double helix structure,compact shell,strong frost resistance,

water resistance is small, not easy to scale, refrigerant-water exchange heat sufficiency. 

Related Heat Pump Articles

  • Why Does My Swimming Pool Heat Pump Freeze Up?


    During the winter season, some ice on your pool heat pump is a common occurrence. However, when the whole unit is covered in ice, there is a concern for worry as your device won't function well and might be at risk of getting damaged.This article focuses on people who want to use their pool heat pum Lees Meer
  • A Complete Guide: Air Source Heat Pump Costs


    Heat pumps have surprisingly become a ‘necessary’ appliance for their ability to offer a convenient and reliable energy source for anyone looking to warm their pools or stay warm indoors. If you want to invest in a heating or cooling unit, heat pumps are undoubtedly a suitable option to suit your ne Lees Meer
  • The Best Air Source Heat Pump Manufacturers of 2022


    Air source heat pumps are a highly efficient and renewable heating solution for many property owners. These valuable appliances help save money on energy bills, have a low carbon footprint, have a high Seasonal Coefficient of Performance (SCOP), can be utilized for heating and cooling, have low main Lees Meer
  • Why choose an inverter heat pump to heat your pool?


    It's frustrating and uncomfortable to swim while the weather is a bit cold. With the weather shifts, temperatures can drop substantially, especially during cloudy days or winter. A significant drop in temperature can render a pool useless. About 90 % of pools in the U.S. are used two to three times Lees Meer

Recommended Heat Pump Products

Air Source Monoblock Heat Pumps forHot Water/House Heatin

Guangzhou SPRSUN New Energy Technology Development Co., Ltd.

Een professionele warmtepomp producent sinds 1999
No.15 Tangxi Road, Yinsha lndustrial Park, Xintang, Zengcheng , Guangzhou, Guangdong, China, 511338

Neem contact op met SPRSUN. 24/7 ondersteuning. We nemen zo spoedig mogelijk contact op!

Tel: 0086-20-82181867
Telefoon: 0086-18933985692
WhatsApp: 0086-18933985692