Middle East & Africa Heat Exchangers Market Size & Outlook
Related Markets
MEA heat exchangers market highlights
- The MEA heat exchangers market generated a revenue of USD 1,559.1 million in 2024.
- The market is expected to grow at a CAGR of 6.6% from 2025 to 2033.
- In terms of segment, shell & tube was the largest revenue generating product in 2024.
- Plate & Frame is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 1,559.1 million |
| Market revenue in 2033 | USD 2,693.4 million |
| Growth rate | 6.6% (CAGR from 2025 to 2033) |
| Largest segment | Shell & tube |
| Fastest growing segment | Plate & Frame |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plate & Frame, Shell & Tube, Air-cooled, Other Product |
| Key market players worldwide | Alfa Laval AB, Danfoss A/S, Kelvion, Xylem Inc, API Heat Transfer, Mersen SA, Hisaka Works, Chart Industries Inc, Johnson Controls International PLC, HRS Heat Exchangers, SPX Technologies Inc, Koch Industries, Southern Co, Güntner, FUNKE |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global heat exchangers market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,623.6 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Heat Exchangers Market Scope
Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| FUNKE | View profile | 251-500 | Gronau, Niedersachsen, Germany, Europe | https://funke.de |
| Güntner | View profile | 1001-5000 | Fürstenfeldbruck, Bayern, Germany, Europe | https://www.guentner.com |
| SPX Technologies Inc | View profile | 4100 | 6325 Ardrey Kell Road, Suite 400, Charlotte, NC, United States, 28277 | https://www.spx.com |
| HRS Heat Exchangers | View profile | 101-250 | Watford, Hertford, United Kingdom, Europe | https://www.hrs-heatexchangers.com/ |
| Koch Industries | View profile | 10001+ | Wichita, Kansas, United States, North America | https://www.kochind.com |
| API Heat Transfer | View profile | 1001-5000 | Buffalo, New York, United States, North America | http://www.apiheattransfer.com |
| Kelvion | View profile | 11-50 | Bochum, Nordrhein-Westfalen, Germany, Europe | https://www.kelvion.com/ |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| Hisaka Works | View profile | 501-1000 | Osaka-shi, Osaka, Japan, Asia | https://www.hisaka.co.jp/ |
| Chart Industries Inc | View profile | 11637 | 2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, United States, 30107 | https://www.chartindustries.com |
| Mersen SA | View profile | 7534 | Tour Trinity, 1 bis place de la Defense, Courbevoie, France, 92400 | https://www.mersen.com |
| Southern Co | View profile | 28100 | 30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, United States, 30308 | https://www.southerncompany.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Middle East & Africa heat exchangers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to heat exchangers market will help companies and investors design strategic landscapes.
Shell & tube was the largest segment with a revenue share of 36.75% in 2024. Horizon Databook has segmented the Middle East & Africa heat exchangers market based on plate & frame, shell & tube, air-cooled, other product covering the revenue growth of each sub-segment from 2021 to 2033.
The Middle East & Africa (MEA) heat exchangers market is primarily characterized by the growing HVAC and petrochemical sectors. Ongoing mega construction projects in commercial, residential, and hospitality segments are expected to fuel the growth of HVAC market over a long period.
Rising population coupled with surging energy demand in countries, such as the UAE and Saudi Arabia, is expected to propel the requirement for energy-efficient equipment over the forecast period. Concentrating Solar Power (CSP) projects in countries, such as South Africa, Egypt, and Morocco, are expected to fuel the demand for heat exchangers in Africa.
Increasing competition with the U.S. and changing global feedstock mix are leading petrochemical producers in the country to invest in new technologies. In addition, petrochemical industry is involved in diversifying its feedstock mix and expanding its product portfolio to include high-valued intermediaries. These factors are anticipated to fuel the growth of chemical sector over the forecast period.
Reasons to subscribe to Middle East & Africa heat exchangers market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa heat exchangers market databook
-
Our clientele includes a mix of heat exchangers market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa heat exchangers market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
MEA heat exchangers market size, by country, 2021-2033 (US$M)
Middle East & Africa Heat Exchangers Market Outlook Share, 2024 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
