Industry: Machinery & Equipment
Published Date: 2025-03-19
Pages: 116 Pages
Report ld: 4679721
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Heat Transfer Equipment Market Size(US$)

CAGR 2025-2031
4.4%
Market Size,2031
USD 20,290
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Heat Transfer Equipment market size was US$ 15070 million in 2024 and is forecast to a readjusted size of US$ 20290 million by 2031 with a CAGR of 4.4% during the forecast period 2025-2031.
Heat Transfer Equipment is a piece of equipment built for efficient heat transfer from one medium to another. Heat Transfer Equipment are devices whose primary responsibility is the transfer (exchange) of heat, typically from one fluid to another. However, they are not only used in heating applications, such as space heaters, but are also used in cooling applications, such as refrigerators and air conditioners.
Alfa Laval and Kelvion (GEA) are the top 2 players of Heat Transfer Equipment, with about 30% market shares.
The global Heat Transfer Equipment market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Heat Transfer Equipment market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Plate in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Electric Power & Metallurgy in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Heat Transfer Equipment value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Heat Transfer Equipment Product Scope
1.2 Heat Transfer Equipment by Type
1.2.1 Global Heat Transfer Equipment Sales by Type (2020 & 2024 & 2031)
1.2.2 Shell & Tube
1.2.3 Plate
1.2.4 Fin Type
1.2.5 Air Cooled
1.3 Heat Transfer Equipment by Application
1.3.1 Global Heat Transfer Equipment Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Petrochemical
1.3.3 Electric Power & Metallurgy
1.3.4 Shipbuilding Industry
1.3.5 Mechanical Industry
1.3.6 Central Heating
1.3.7 Food Industry
1.3.8 Others
1.4 Global Heat Transfer Equipment Market Estimates and Forecasts (2020-2031)
1.4.1 Global Heat Transfer Equipment Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Heat Transfer Equipment Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Heat Transfer Equipment Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Heat Transfer Equipment Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Heat Transfer Equipment Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Heat Transfer Equipment Sales Market Share by Region (2020-2025)
2.2.2 Global Heat Transfer Equipment Revenue Market Share by Region (2020-2025)
2.3 Global Heat Transfer Equipment Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Heat Transfer Equipment Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Heat Transfer Equipment Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Heat Transfer Equipment Market Size and Prospective (2020-2031)
2.4.2 Europe Heat Transfer Equipment Market Size and Prospective (2020-2031)
2.4.3 China Heat Transfer Equipment Market Size and Prospective (2020-2031)
2.4.4 Japan Heat Transfer Equipment Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Heat Transfer Equipment Historic Market Review by Type (2020-2025)
3.1.1 Global Heat Transfer Equipment Sales by Type (2020-2025)
3.1.2 Global Heat Transfer Equipment Revenue by Type (2020-2025)
3.1.3 Global Heat Transfer Equipment Price by Type (2020-2025)
3.2 Global Heat Transfer Equipment Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Heat Transfer Equipment Sales Forecast by Type (2026-2031)
3.2.2 Global Heat Transfer Equipment Revenue Forecast by Type (2026-2031)
3.2.3 Global Heat Transfer Equipment Price Forecast by Type (2026-2031)
3.3 Different Types Heat Transfer Equipment Representative Players
4 Global Market Size by Application
4.1 Global Heat Transfer Equipment Historic Market Review by Application (2020-2025)
4.1.1 Global Heat Transfer Equipment Sales by Application (2020-2025)
4.1.2 Global Heat Transfer Equipment Revenue by Application (2020-2025)
4.1.3 Global Heat Transfer Equipment Price by Application (2020-2025)
4.2 Global Heat Transfer Equipment Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Heat Transfer Equipment Sales Forecast by Application (2026-2031)
4.2.2 Global Heat Transfer Equipment Revenue Forecast by Application (2026-2031)
4.2.3 Global Heat Transfer Equipment Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Heat Transfer Equipment Application
5 Competition Landscape by Players
5.1 Global Heat Transfer Equipment Sales by Players (2020-2025)
5.2 Global Top Heat Transfer Equipment Players by Revenue (2020-2025)
5.3 Global Heat Transfer Equipment Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Heat Transfer Equipment as of 2024)
5.4 Global Heat Transfer Equipment Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Heat Transfer Equipment, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Heat Transfer Equipment, Product Type & Application
5.7 Global Key Manufacturers of Heat Transfer Equipment, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Heat Transfer Equipment Sales by Company
6.1.1.1 North America Heat Transfer Equipment Sales by Company (2020-2025)
6.1.1.2 North America Heat Transfer Equipment Revenue by Company (2020-2025)
6.1.2 North America Heat Transfer Equipment Sales Breakdown by Type (2020-2025)
6.1.3 North America Heat Transfer Equipment Sales Breakdown by Application (2020-2025)
6.1.4 North America Heat Transfer Equipment Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Heat Transfer Equipment Sales by Company
6.2.1.1 Europe Heat Transfer Equipment Sales by Company (2020-2025)
6.2.1.2 Europe Heat Transfer Equipment Revenue by Company (2020-2025)
6.2.2 Europe Heat Transfer Equipment Sales Breakdown by Type (2020-2025)
6.2.3 Europe Heat Transfer Equipment Sales Breakdown by Application (2020-2025)
6.2.4 Europe Heat Transfer Equipment Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Heat Transfer Equipment Sales by Company
6.3.1.1 China Heat Transfer Equipment Sales by Company (2020-2025)
6.3.1.2 China Heat Transfer Equipment Revenue by Company (2020-2025)
6.3.2 China Heat Transfer Equipment Sales Breakdown by Type (2020-2025)
6.3.3 China Heat Transfer Equipment Sales Breakdown by Application (2020-2025)
6.3.4 China Heat Transfer Equipment Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Heat Transfer Equipment Sales by Company
6.4.1.1 Japan Heat Transfer Equipment Sales by Company (2020-2025)
6.4.1.2 Japan Heat Transfer Equipment Revenue by Company (2020-2025)
6.4.2 Japan Heat Transfer Equipment Sales Breakdown by Type (2020-2025)
6.4.3 Japan Heat Transfer Equipment Sales Breakdown by Application (2020-2025)
6.4.4 Japan Heat Transfer Equipment Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Alfa Laval
7.1.1 Alfa Laval Company Information
7.1.2 Alfa Laval Business Overview
7.1.3 Alfa Laval Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Alfa Laval Heat Transfer Equipment Products Offered
7.1.5 Alfa Laval Recent Development
7.2 Kelvion (GEA)
7.2.1 Kelvion (GEA) Company Information
7.2.2 Kelvion (GEA) Business Overview
7.2.3 Kelvion (GEA) Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Kelvion (GEA) Heat Transfer Equipment Products Offered
7.2.5 Kelvion (GEA) Recent Development
7.3 SPX Corporation
7.3.1 SPX Corporation Company Information
7.3.2 SPX Corporation Business Overview
7.3.3 SPX Corporation Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.3.4 SPX Corporation Heat Transfer Equipment Products Offered
7.3.5 SPX Corporation Recent Development
7.4 IHI
7.4.1 IHI Company Information
7.4.2 IHI Business Overview
7.4.3 IHI Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.4.4 IHI Heat Transfer Equipment Products Offered
7.4.5 IHI Recent Development
7.5 SPX-Flow
7.5.1 SPX-Flow Company Information
7.5.2 SPX-Flow Business Overview
7.5.3 SPX-Flow Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.5.4 SPX-Flow Heat Transfer Equipment Products Offered
7.5.5 SPX-Flow Recent Development
7.6 DOOSAN
7.6.1 DOOSAN Company Information
7.6.2 DOOSAN Business Overview
7.6.3 DOOSAN Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.6.4 DOOSAN Heat Transfer Equipment Products Offered
7.6.5 DOOSAN Recent Development
7.7 API
7.7.1 API Company Information
7.7.2 API Business Overview
7.7.3 API Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.7.4 API Heat Transfer Equipment Products Offered
7.7.5 API Recent Development
7.8 KNM
7.8.1 KNM Company Information
7.8.2 KNM Business Overview
7.8.3 KNM Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.8.4 KNM Heat Transfer Equipment Products Offered
7.8.5 KNM Recent Development
7.9 Funke
7.9.1 Funke Company Information
7.9.2 Funke Business Overview
7.9.3 Funke Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Funke Heat Transfer Equipment Products Offered
7.9.5 Funke Recent Development
7.10 Xylem
7.10.1 Xylem Company Information
7.10.2 Xylem Business Overview
7.10.3 Xylem Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Xylem Heat Transfer Equipment Products Offered
7.10.5 Xylem Recent Development
7.11 Thermowave
7.11.1 Thermowave Company Information
7.11.2 Thermowave Business Overview
7.11.3 Thermowave Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Thermowave Heat Transfer Equipment Products Offered
7.11.5 Thermowave Recent Development
7.12 Hisaka
7.12.1 Hisaka Company Information
7.12.2 Hisaka Business Overview
7.12.3 Hisaka Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Hisaka Heat Transfer Equipment Products Offered
7.12.5 Hisaka Recent Development
7.13 Sondex A/S
7.13.1 Sondex A/S Company Information
7.13.2 Sondex A/S Business Overview
7.13.3 Sondex A/S Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Sondex A/S Heat Transfer Equipment Products Offered
7.13.5 Sondex A/S Recent Development
7.14 SWEP
7.14.1 SWEP Company Information
7.14.2 SWEP Business Overview
7.14.3 SWEP Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.14.4 SWEP Heat Transfer Equipment Products Offered
7.14.5 SWEP Recent Development
7.15 LARSEN & TOUBRO
7.15.1 LARSEN & TOUBRO Company Information
7.15.2 LARSEN & TOUBRO Business Overview
7.15.3 LARSEN & TOUBRO Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.15.4 LARSEN & TOUBRO Heat Transfer Equipment Products Offered
7.15.5 LARSEN & TOUBRO Recent Development
7.16 Accessen
7.16.1 Accessen Company Information
7.16.2 Accessen Business Overview
7.16.3 Accessen Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Accessen Heat Transfer Equipment Products Offered
7.16.5 Accessen Recent Development
7.17 THT
7.17.1 THT Company Information
7.17.2 THT Business Overview
7.17.3 THT Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.17.4 THT Heat Transfer Equipment Products Offered
7.17.5 THT Recent Development
7.18 Hitachi Zosen
7.18.1 Hitachi Zosen Company Information
7.18.2 Hitachi Zosen Business Overview
7.18.3 Hitachi Zosen Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.18.4 Hitachi Zosen Heat Transfer Equipment Products Offered
7.18.5 Hitachi Zosen Recent Development
7.19 LANPEC
7.19.1 LANPEC Company Information
7.19.2 LANPEC Business Overview
7.19.3 LANPEC Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.19.4 LANPEC Heat Transfer Equipment Products Offered
7.19.5 LANPEC Recent Development
7.20 Siping ViEX
7.20.1 Siping ViEX Company Information
7.20.2 Siping ViEX Business Overview
7.20.3 Siping ViEX Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.20.4 Siping ViEX Heat Transfer Equipment Products Offered
7.20.5 Siping ViEX Recent Development
7.21 Beichen
7.21.1 Beichen Company Information
7.21.2 Beichen Business Overview
7.21.3 Beichen Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.21.4 Beichen Heat Transfer Equipment Products Offered
7.21.5 Beichen Recent Development
7.22 Lanzhou LS
7.22.1 Lanzhou LS Company Information
7.22.2 Lanzhou LS Business Overview
7.22.3 Lanzhou LS Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.22.4 Lanzhou LS Heat Transfer Equipment Products Offered
7.22.5 Lanzhou LS Recent Development
7.23 Defon
7.23.1 Defon Company Information
7.23.2 Defon Business Overview
7.23.3 Defon Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.23.4 Defon Heat Transfer Equipment Products Offered
7.23.5 Defon Recent Development
7.24 Ormandy
7.24.1 Ormandy Company Information
7.24.2 Ormandy Business Overview
7.24.3 Ormandy Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.24.4 Ormandy Heat Transfer Equipment Products Offered
7.24.5 Ormandy Recent Development
7.25 FL-HTEP
7.25.1 FL-HTEP Company Information
7.25.2 FL-HTEP Business Overview
7.25.3 FL-HTEP Heat Transfer Equipment Sales, Revenue and Gross Margin (2020-2025)
7.25.4 FL-HTEP Heat Transfer Equipment Products Offered
7.25.5 FL-HTEP Recent Development
8 Heat Transfer Equipment Manufacturing Cost Analysis
8.1 Heat Transfer Equipment Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Heat Transfer Equipment
8.4 Heat Transfer Equipment Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Heat Transfer Equipment Distributors List
9.3 Heat Transfer Equipment Customers
10 Heat Transfer Equipment Market Dynamics
10.1 Heat Transfer Equipment Industry Trends
10.2 Heat Transfer Equipment Market Drivers
10.3 Heat Transfer Equipment Market Challenges
10.4 Heat Transfer Equipment Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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