The heat exchanger industry is a mature industry. With the gradual recovery of global economy, the global demand for air compressors, engineering machinery, hydraulic system and other products will show a recovery growth trend, and the demand for heat exchanger will also maintain a stable growth.

　　By 2022, the global heat exchanger market is expected to reach US $20 billion 650 million, and the composite annual growth rate (CAGR) in 2017-2022 years will reach 8.3%. The main driving force of market development includes strict environmental regulations, wide application of HVAC refrigeration equipment and technical progress. Of course, mature markets such as Europe and North America are expected to curb growth to some extent.

　　In recent years, the global heat exchanger market has experienced many development. With its environmental protection and high efficiency, heat exchanger has been favored and widely used by users. Various regulations issued by governments to achieve sustainable development and reduce the amount of greenhouse gas emissions are the driving force to further develop the global heat exchanger market.

　　Heat exchanger is widely used in many fields, such as chemistry, petrochemical and oil & gas, HVAC refrigeration, food & beverage, power generation and paper & pulp. In 2016, the largest share of the chemical sector was in terms of market value, followed by petrochemicals and oil & gas and HVAC. But the growth in HVAC is expected to be the highest.

　　In the global heat exchanger market, Asia Pacific, North America, Western Europe, central and Eastern Europe, South America and Middle East Africa are the main markets. Currently, North America is the largest heat exchanger market, and it accounts for the largest proportion in the global market. The market has a huge installation capacity of heat exchanger, and it is also a market dominated by export. The heat exchanger market is booming in several countries, such as China, India, Saudi Arabia and Brazil, mainly due to the industrial development in these areas. Meanwhile, a large number of new manufacturers in Asia Pacific and Eastern Europe are expected to reduce their dependence on imported products, thus further promoting the development of the heat exchanger Market in the future.

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