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North America Heat Exchanger Market Share
Key players in the North America heat exchanger industry are aiming to make partnerships, alliances, strategic agreements, pursuing mergers & acquisitions, and introducing innovative products to gain their competitive edge over the others. Major players including ALFA LAVAL, Xylem, Danfoss, SPX FLOW, SWEP International AB and FUNKE Wärmeaustauscher Apparatebau GmbH among other, holds majority of the market share.
North America Heat Exchanger Market Companies
Major manufacturers operating across the industry comprising of:
- ALFA LAVAL
- API Heat Transfer
- CALORPLAST USA
- Cataract Steel
- Danfoss
- Enerquip Thermal Solutions
- FUNKE Wärmeaustauscher Apparatebau GmbH
- HRS Heat Exchangers
- Mersen Group
- Nexson
- Pentair
- Spirax Sarco Limited
- SPX FLOW
- SWEP International AB
- T.RAD NORTH AMERICA, INC.
- Thermofin
- Tranter
- Wessels Company
- Wieland
- Xylem
Which factors are driving the U.S. heat exchanger industry growth?
U.S. market is poised to cross more than USD 5 billion by 2032, led by the presence of favorable, government programs including financial aids aimed at promoting the heat exchange technologies.
How big is the North America heat exchanger market?
The market size for heat exchanger in North America recorded USD 3 billion in 2023 and is expected to depict 8.1% CAGR from 2024 to 2032, led by the growing investments in industrial operations for manufacturing, chemical and power generation.
Why is the demand for shell & tube heat exchangers rising in North America?
The shell & tube technology segment in the North America heat exchanger industry is projected to record over USD 2.2 billion by 2032, led by the growing demand for energy-efficient HVAC systems and growing industrialization.
Why is the demand for heat exchangers rising in chemical applications?
The chemical application segment in the North America heat exchanger market is estimated to observe over 8.5% CAGR between 2024 and 2032, due to the rising demand for various chemical and petrochemical products of improved heat exchanger technology.