印度熱交換器市場評估：按類型、最終用途產業、地區、機會、預測（2018 財年-2032 財年）

印度熱交換器市場規模預計將從2024 財年的9.4 億美元增至2032 財年的18.7 億美元，並預計在2025 財年至2032 財年的預測期內將以8.95% 的複合年增長率增長。熱交換器設計用於將熱量從一種流體傳遞到另一種流體，而無需直接與流體接觸。該設備廣泛應用於工業、商業和住宅領域，與暖氣、通風、空調（HVAC）和製冷一起，提供高效的流體或空氣加熱、冷卻。

在石油和天然氣、化學加工和暖通空調等關鍵產業的支持下，快速工業化和對節能設備日益增長的需求正在推動熱交換器的成長。此外，由於各國政府熱衷於引入更好的能源效率標準以促進綠色經濟，因此人們關注熱交換器設計的可持續性和技術進步，這增加了對創新熱交換器系統的需求並推動了整體市場的增長。

印度政府正大力投資擴大發電基礎設施，包括傳統能源和再生能源。此次擴建包括升級現有火力發電廠和建設新設施，而熱交換器是這些系統的重要組成部分，可提高效率並減少排放，並支持政府的永續發展目標。

例如，2024 年，HRS Process Systems Ltd. 在AIA Industrial Expo 2024上推出了創新、節能的熱交換器產品，包括 ECOFLUX Corrugated Tube和ECOFLUX Smooth Tube Heat Exchanger。這些產品旨在滿足化學、石化和發電等行業不斷變化的需求。此部署可以幫助最終用戶公司瞭解新產品並簡化流程。

本報告研究和分析了印度熱交換器市場，提供市場規模和預測、市場動態以及主要參與者的狀況。

目錄

第1章 專案範圍與定義

第2章 研究方法

第3章 執行摘要

第4章 客戶回饋

• 產品和市場資訊
• 購買決策時考慮的因素
  • 操作規範
  • 導熱係數和效率
  • 使用要求
  • 易於清潔
  • 售後支援

第5章 印度熱交換器市場展望（2018-2032財年）

• 市場規模分析與預測
  • 數量
• 市佔率分析與預測
  • 按類型
  • 按最終用途行業
  • 按地區
  • 市佔率分析：按公司劃分（金額）（前 5 名公司及其他 - 2024 財年）
• 市場地圖分析（2024）
  • 按類型
  • 按最終用途行業
  • 按地區

第6章 波特五力分析

第7章PESTLE分析

第8章 市場動態

• 市場驅動力
• 市場課題

第9章 市場趨勢和發展

第10章競爭格局

• 前5名市場領導者的競爭矩陣
• 前5名企業SWOT分析
• 前10名主要企業狀況
  • Alfa Laval India Private Limited
  • Danfoss Industries Private Limited
  • Heatex Industries Ltd
  • Kelvion Private Limited
  • Tranter India Private Limited
  • HRS Process Systems Limited
  • Universal Heat Exchangers Limited
  • Radiant Heat Exchanger Private Limited
  • Thermax Limited
  • GEA Process Engineering (India) Pvt. Ltd

第11章 策略建議

第12章 關於我們公司、免責聲明

India heat exchangers market is projected to witness a CAGR of 8.95% during the forecast period FY2025-FY2032, growing from USD 0.94 billion in FY2024 to USD 1.87 billion in FY2032. Heat exchangers are designed to transfer heat from one fluid to another without direct fluid contact. The equipment is extensively used across industrial, commercial, and residential sectors, along with heating, ventilation, air conditioning (HVAC) and refrigeration, providing efficient fluid or air heating or cooling.

The rapid industrialization and the growing need for energy-efficient equipment are driving the growth of heat exchangers with support from key industries such as oil and gas, chemical processing, and HVAC. Moreover, there is a focus on sustainability and technological advancements in heat exchanger design as the government is keen to implement better energy efficiency standards to foster a greener economy, which will enhance the demand for innovative heat exchanger systems and foster overall market growth.

The Indian government is heavily investing in expanding its power generation infrastructure, including both conventional and renewable energy sources. This expansion includes upgrading existing thermal plants and building new facilities where heat exchangers are essential components in these systems, allowing for improved efficiency and reduced emissions, thus supporting the government's sustainability goals.

For instance, in 2024, HRS Process Systems Ltd. showcased its innovative and energy-efficient range of heat exchangers, including ECOFLUX Corrugated Tube and ECOFLUX Smooth Tube Heat Exchangers, at the AIA Industrial Expo 2024. These products are designed to meet the evolving needs of industries such as chemical and petrochemical, and power generation. This development helps the end-user company to know about the new product, which could help to increase the efficiency of the processes.

Industrialization and Urbanization to Fuel Market Growth

India's heat exchanger market is rapidly growing, driven by the country's expansion of its industrial base across sectors such as chemical, oil and gas, power generation, and HVAC. With the growth in the industrial sector, the demand for efficient heat transfer equipment is on the rise, leading to significant investments in manufacturing facilities where heat exchangers play a key role in boosting process efficiency and conserving energy. Additionally, the demand for energy-efficient systems across residential, commercial, and industrial sectors is expected to rise as India continues to urbanize. The shift toward urban living will create a need for reliable HVAC systems, highlighting the importance of sustainable and efficient energy use, increasing the demand for advanced heat exchangers across various applications. Together, these factors are contributing to a robust market for heat exchangers in India.

For instance, in February 2024, Danfoss India (Danfoss A/S) launched a new innovative Microchannel Heat Exchanger (MCHE) design for the evaporator side heat exchanger. This heat exchanger will enhance the efficiency and performance of the HVAC systems. The company displayed the technology at ACREX India 2024. In line with the industry's ESG pledges, the MCHE technology dramatically lowers refrigerant consumption by up to 60% and improves efficiency by 30%.

Adoption of Energy Efficiency and Technological Equipment to Foster Market Size

Energy efficiency and technological development are fueling growth for the India heat exchangers market. Industries are looking for energy conservation equipment that helps to reduce operational costs for achieving sustainability objectives, showcasing a more widespread dedication to attaining environmental goals. The Bureau of Energy Efficiency (BEE) plays a crucial role in promoting energy efficiency in different sectors by implementing various programs.

For instance, in 2023, the BEE updated guidelines for the Perform, Achieve and Trade (PAT) scheme, which promotes reducing energy consumption in industries by adopting energy-efficient technologies such as advanced heat exchangers. The development will help the company to grow in the heat exchangers market in the coming years.

Furthermore, innovations in heat exchangers' designs, such as compact setups and improved heat transfer techniques, are significantly enhancing the performance and efficiency of the equipment. The introduction of new materials and designs in heat exchangers will allow industries to optimize production processes efficiently and improve thermal management capacity. The advancements related to design and material are transforming the heat exchangers industry and increasing the importance of heat exchangers within India's industrial sector.

For instance, in March 2022, Alfa Laval launched the new cutting-edge gasketed plate heat exchanger TS45, which caters to a wider range of applications and industries. It is the most modern gasket plate heat exchanger, designed to improve performance. This development will help the company increase revenue and customer base.

Shell and Tubes Heat Exchangers to Dominate Market Share

Shell and tube heat exchangers dominate the share of India heat exchange market due to their ability to perform under extreme conditions and temperatures. This durability factor makes the equipment a crucial component in various industries, such as the refining and petrochemicals sector, where shell and tube heat exchangers are essential due to their ability to withstand pressures exceeding 300 bar and temperatures up to 400 degrees Celsius. This ability makes the equipment ideal for the oil and gas sector. Shell and tube heat exchangers provide efficient heat transfer in power plant facilities, especially for thermal and nuclear sectors, which is important for performance and safety measures. The robust design of equipment ensures reliable operations under extreme conditions, which drives the demand for heat exchanges in the market. Similarly, chemical manufacturing plants employ heat exchangers, which enhance overall efficiency in various chemical processes.

For instance, in December 2022, TEMA India continues to enhance its shell and tube heat exchanger offerings with unique features such as the Added Steel Screw Plug, which helps reduce costs while improving efficiency. Their products are tailored for various industrial applications, including power generation and refrigeration, highlighting their adaptability to meet specific project needs.

West and Central Region to Dominate India Heat Exchangers Market Share

The west and central regions dominate the share of the heat exchangers market. Western India has many industries, including oil and gas, chemical processing, and power generation. The sectors in the region drive the demand for efficient heat transfer solutions, as heat exchangers are essential for various processes such as heating, cooling, and waste heat recovery. The region is experiencing rapid industrial growth, which drives the demand for heat exchangers in various industrial processes and HVAC applications. The heat exchanger technology aligns with the government initiatives that enhance efficiency and sustainable practice. Additionally, the chemicals sector, particularly in the west and central regions, is projected to capture a substantial proportion of the market. The increasing focus on specialty chemicals and the considerable investment in oil and gas projects have surged the demand for heat exchangers.

For instance, in December 2023, Alleima launched a new heat exchanger facility in Mehsana, Gujarat, aimed at producing advanced alloys in heat exchanger tubing to meet rising demand in India's chemicals and petrochemicals and other industrial segments. This facility will serve as a production base for exports to other Asian markets.

Future Market Scenario (FY2025 - FY2032F)

Indian companies are increasingly focusing on sustainability and reducing greenhouse gas emissions, driving a growing trend toward the adoption of heat exchangers in the coming years.

Rapid Industrialization across various sectors, such as oil and gas, chemical processing, and power generation, is expanding. Therefore, the demand for efficient heat transfer devices will be expected to surge.

Government initiatives aim to enhance energy efficiency and sustainability that will drive industries to adopt advanced heat exchanger technologies.

Government investments in infrastructure will further propel the demand for reliable HVAC systems, which will foster the demand for heat exchangers.

Key Players Landscape and Outlook

Continuous innovation is a key feature of India heat exchanger market, with companies striving to excel in energy efficiency and environmental goals. The market outlook remains optimistic, driven by increasing industrialization, a growing demand for high-pressure heat exchangers, and government sustainability initiatives. Manufacturers in the heat exchanger industry are focused on regulatory compliance and technological advancements, factors that are likely to shape the industry's future. The rise in industrialization and emerging technologies is expected to intensify competition in this rapidly evolving market.

For instance, in March 2023, Alfa Laval launched the AlfaNova GL50 cutting-edge heat exchanger designed for fuel cell systems. This product is pivotal in transitioning towards cleaner energy by effectively harnessing energy from hydrogen and its derivatives, such as ammonia and methane. This launch supports India's commitment to decarbonization.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Operating Specification
  • 4.2.2. Thermal Conductivity and Efficiency
  • 4.2.3. Application Requirement
  • 4.2.4. Ease of Cleaning
  • 4.2.5. After Sales Support

5. India Heat Exchangers Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Shell and Tubes
    • 5.2.1.2. Plate and Frame
    • 5.2.1.3. Air Cooled
    • 5.2.1.4. Others
  • 5.2.2. By End-use Industry
    • 5.2.2.1. Chemicals and Petrochemicals
    • 5.2.2.2. Oil and Gas
    • 5.2.2.3. Power Industry
    • 5.2.2.4. HVAC
    • 5.2.2.5. Food and Beverage
    • 5.2.2.6. Others
  • 5.2.3. By Region
    • 5.2.3.1. North
    • 5.2.3.2. South
    • 5.2.3.3. East
    • 5.2.3.4. West and Central
  • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By End-use Industry
  • 5.3.3. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. Alfa Laval India Private Limited
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. Danfoss Industries Private Limited
  • 10.3.3. Heatex Industries Ltd
  • 10.3.4. Kelvion Private Limited
  • 10.3.5. Tranter India Private Limited
  • 10.3.6. HRS Process Systems Limited
  • 10.3.7. Universal Heat Exchangers Limited
  • 10.3.8. Radiant Heat Exchanger Private Limited
  • 10.3.9. Thermax Limited
  • 10.3.10. GEA Process Engineering (India) Pvt. Ltd

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Heat Exchangers Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Heat Exchangers Market Share (%), By Type, FY2018-FY2032F
• Figure 3. India Heat Exchangers Market Share (%), By End-use Industry, FY2018-FY2032F
• Figure 4. India Heat Exchangers Market Share (%), By Region, FY2018-FY2032F
• Figure 5. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 6. By End-use Industry Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 7. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024