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The manufacturers in the industry are adopting key strategies to strengthen their position and to meet the growing demand for energy-efficient solutions. The continuous innovation of heat exchanger designs, focusing on enhancing thermal performance, durability, and compactness to meet the evolving needs of various sectors. The companies are further increasingly investing in sustainable and eco-friendly materials to align with stringent environmental regulations and to support the transition to low-carbon technologies.
Major manufacturers operating across the industry consist of:
The German market is set to reach over USD 1.3 billion by 2034, led by consumer inclination toward green buildings, retrofitting of electrical equipment, and government support through beneficial policies and financial programs.
The evaporator segment is likely to exceed USD 850 million by 2034, as industries prioritize sustainable, cost-effective, and energy-efficient solutions for efficient heat transfer and minimal energy losses.
The European market for heat pump brazed plate heat exchangers was reached USD 900 million in 2024 and is estimated to grow at a 17.2% CAGR from 2025 to 2034, driven by the increasing demand for efficient space heating solutions.
Key industry players include AIC, Alfa Laval, Barriquand, Boyd, Chart Industries, Danfoss, Funke, Hexonic, HRS, Kelvion, Paul Mueller, Sanhua, SWEP, UK Exchangers, and Xylem.