USD 2.82 billion
Regenerative Heat Exchangers Market Size, Share, Growth Analysis, By Application(Chemicals, Oil & Gas, Power Generation, HVACR), By Type(Shell & Tube, Plate, Regenerative, and Air Cooled), By Raw material(Steel, copper, aluminum), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG55F2007 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
94
|Figures:
75
Regenerative Heat Exchangers Market Insights
Regenerative Heat Exchangers Market size was valued at USD 2.95 Billion in 2023 and is poised to grow from USD 3.08 Billion in 2024 to USD 4.38 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
Regenerative Heat Exchangers are becoming popular since they Have many advantages over a recuperating heat exchanger that ,it has much higher surface area for given volume, which provides reduced exchanger volume for a given energy, effectiveness and pressure drop.This advantage of regenerative heat exchanger over recuperating heat exchanger make its more economical in terms of material and manufacturing compared to other ones.
The design used in regenerative heat exchanger is of Inlet and outlet headers used to distribute hot and cold fluids in the Mattrick, which is much simpler in counter flow regenerators compared to other ones.The reason for the simple counter flow includes that both stream flows in different sections for a Rotary generator and one fluid enters and leaves one matrix at a time in a fixed matrix generator.However, the major restrain for this market includes the mixing of fluid stream and it cannot be completely separated.
US Regenerative Heat Exchangers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Chemicals
Fastest Growth
Chemicals
Growth Rate
4.5% CAGR
Global Regenerative Heat Exchangers Market ($ Bn)
Country Share for North America Region (%)
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Regenerative Heat Exchangers Market Segmental Analysis
Global Regenerative Heat Exchangers market is segmented on the basis of application,type, raw material and region. By application, the market is segmented into Chemicals, Oil & Gas, Power Generation, HVACR, Food & Beverages, and Others. By type, the market is segmented into Shell & Tube, Plate, Regenerative, and Air Cooled. By raw material, the market is segmented into steel copper aluminum. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regenerative Heat Exchangers Market Analysis by Application
By application, the global market is divided into many segments such as Chemicals, Oil & Gas, Power Generation, HVACR, Food & Beverages, and Others.Chemicals segment held largest global Regenerative Heat Exchangers market share due to the wide range of benefits provided by Regenerative Heat Exchangers in it . The major items employed in chemical manufacturing are solvent, condensation, hydrocarbon, cooling and reactor heating.The HVACR market would be the fastest growing segment due to the increasing installation in the commercial and residential sector.
Regenerative Heat Exchangers Market Analysis by Type
By Type, the Regenerative Heat Exchangers market is classified into Shell & Tube, Plate, Regenerative, and Air Cooled. The Shell & Tube segment is one of the main reasons for innovation and growth across all technology industries including the global market.Therefore, it accounted for a major share of the heat exchanger market revenue.The various types of shell and tube are useful for excellent transferring of heat from steam to water. The plate and frame market segment is expected to grow with the highest CAGR.
Global Regenerative Heat Exchangers Market By Application
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Regenerative Heat Exchangers Market Regional Insights
Globally, North America is estimated to hold the highest global Regenerative Heat Exchangers market share. Main factors during this growth period is the presence of top market players and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Regenerative Heat Exchangers technology in the region of Asia Pacific and mainly in China and Japan. Penetration of Industrialization and urbanization in Asia Pacific has doubled in the last few years. In addition, various operators are investing heavily in order to provide various heat exchangers at an affordable price to the consumers, which is likely to boost the demand for Regenerative Heat Exchangers in the region.
Global Regenerative Heat Exchangers Market By Region
- Largest
- Fastest
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Regenerative Heat Exchangers Market Dynamics
Regenerative Heat Exchangers Market Drivers
Growing Industrialization to Bolster Market Growth
- Manufacturing, commercial and industrial projects across the globe have contributed to the overall expansion of the global heat exchanger market. Rapid industrialisation in the developing economies of Asia Pacific regions such as China and India has led to the increasing investments along with it, increasing raw materials low cost labors are expected to boost the demand of heat exchanger. Moreover, in countries like Japan and India, there is increased demand for chemical, HVACR, petrochemical, oil and gas industry and several government initiatives for the development of thermal and solar energy which has led to the demand of regenerative heat exchanges.
Regenerative Heat Exchangers Market Restraints
Fluctuating Raw Material Price to Hinder Market
- Copper, aluminum, steel and other raw materials are used to which heat Exchanger manufacturers are exposed.The fluctuation in the prices of this raw material causes the restraint to the growth of the market.The reason for fluctuations are economic conditions, exchange rate, supply conditions, which has an adverse effect on the manufacturers.
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Regenerative Heat Exchangers Market Competitive Landscape
Competition in the global Regenerative Heat Exchangers market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Regenerative Heat Exchangers will also increase. Currently, only few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Regenerative Heat Exchangers Market Top Player’s Company Profiles
- Alfa Laval AB
- Kelvion Holding GmbH
- Danfoss A/S
- Xylem Inc.
- GEA Group Aktiengesellschaft
- SWEP International AB
- HRS Heat Exchangers Ltd.
- API Heat Transfer Inc.
- Koch Heat Transfer Company LP
- Johnson Controls International plc
- Chart Industries Inc.
- SPX Flow Inc.
- Tranter Inc.
- Güntner GmbH & Co. KG
- Hisaka Works Ltd.
- Sondex A/S
- DRS Technologies Inc.
- Barriquand Technologies Thermiques
- Air Products and Chemicals Inc.
Regenerative Heat Exchangers Market Recent Developments
- In March 2022, General Electric paid Vacuum Process Engineering (VPE), a thermal engineering and manufacturing firm, to produce a 14 MW fuel gas performance Printed Circuit Heat Exchanger (PCHE). It will be a component of GE's sophisticated 7HA.02 gas turbine technology, supplying roughly 500 MW to the South Korean national grid and steam for district heating for over 100,000 South Koreans.
Regenerative Heat Exchangers Key Market Trends
- The increasing reliance of the world on nuclear energy is helping the growth of the heat exchangers market.Rapid rise in the use of heat exchanger in nuclear reactor upgradation of existing nuclear plants and proposed nuclear power plant projects are the key opportunities for the players in the regenerative heat exchanger market.Regenerative heat exchangers play a vital role on the overall efficiency and power output of a nuclear power plant, therefore the rising use of nuclear power plant.Will help in boosting the heat exchanger market.
Regenerative Heat Exchangers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Regenerative Heat Exchangers market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as higher surface area for given volume, which provides reduced exchanger volume for a given energy, effectiveness and pressure drop. Regenerative Heat Exchangers will enable devices and sources to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.82 billion |
| Market size value in 2031 | USD 4.19 billion |
| Growth Rate | 4.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Regenerative Heat Exchangers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Regenerative Heat Exchangers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Regenerative Heat Exchangers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Regenerative Heat Exchangers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Regenerative Heat Exchangers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Regenerative Heat Exchangers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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