Home > Industrial Machinery > Industrial Equipment > Heat Exchangers > Asia Pacific Heat Exchanger Market

Asia Pacific Heat Exchanger Market Size

Report ID: GMI8655
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Asia Pacific Heat Exchanger Market Size

Asia Pacific Heat Exchanger Market was evaluated at USD 5.8 billion in 2023 and is anticipated to grow at a CAGR of 9% through 2032 on account of increased investments in heavy-duty industrial operations coupled with rising energy consumption in building heating & cooling systems.

To get key market trends

Download Free Sample

Increasing crude imports, establishment of new chemical and petrochemical facilities, discoveries of conventional and unconventional hydrocarbon reserves, influenced the industry growth. For instance, according to the Japanese Ministry of Economy, Trade and Industry (METI) crude oil imports in the country reached approximately 12.4 billion liters in November 2023 marking a monthly increase of 8.7% from the previous month.

Asia Pacific Heat Exchanger Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Heat Exchanger Market Size in 2023:	USD 5.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	9%
2032 Value Projection:	USD 12.5 Billion
Historical Data for:	2019 to 2023
No. of Pages:	150
Tables, Charts & Figures:	189
Segments covered:	Technology, Application, and Country
Growth Drivers:	Influx of new investments across industrial infrastructure Stringent policies to curb carbon footprint Stern emission norms by respective administrative authorities
Pitfalls & Challenges:	Significant maintenance requirements and associated operational expenses

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific heat exchanger market reached a revenue of USD 5.8 billion in 2023 and is anticipated to grow at 9% CAGR from 2024 to 2032 on account of increased investments in heavy-duty industrial operations coupled with rising energy consumption in building heating & cooling systems.

Asia Pacific plate heat exchanger market is projected to generate over USD 3 billion in revenue by the end of 2032, owing to excellent heat transfer capabilities, efficient design, and ease of maintenance, along with a growing emphasis on sustainability and energy efficiency.

China heat exchangers market size is expected to reach USD 5 billion by 2032 attributed to the significant growth across chemicals, petrochemicals, energy, and manufacturing sectors coupled with government policies promoting energy efficiency.

Some of the key heat exchanger firms in the Asia Pacific are ACCESSEN GROUP, ALFA LAVAL, Danfoss, Funke Heat Exchanger Systems(Changzhou)Co.,Ltd., HISAKAWORKS S.E.A SDN BHD, Holtec International, HRS Process Systems Ltd., IHI Corporation, KAMUI CO.,LTD., Kelvion Holding GmbH, KNM Group Berhad, LARSEN & TOUBRO LIMITED, SPX FLOW, SWEP International AB, United Heat Transfer Pvt. Ltd, and Xylem.