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Asia Pacific Heat Exchanger Market Share
Major players operating in the industry are strengthening their market positions through strategic collaborations, partnerships, and mergers & acquisitions, actively pursuing opportunities for growth and expansion. Key participants including ALFA LAVAL, IHI Corporation, Danfoss, SPX FLOW, Xylem, and Kelvion Holding GmbH holds a substantial position across the Asia Pacific heat exchanger industry.
Asia Pacific Heat Exchanger Market Companies
Some of the key market players operating across the industry are:
- ACCESSEN GROUP
- ALFA LAVAL
- API Heat Transfer
- 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
- Xylem
Who are the major participants in the Asia Pacific heat exchanger industry?
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.
How big is the China heat exchanger industry?
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.
Why is the demand for plate heat exchangers increasing in Asia Pacific?
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.
What is the size of the Asia Pacific heat exchanger market?
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.