Reports
Sale
South Korea Heat Exchanger Market Size, Growth, Forecast: By Type: Shell and Tube, Air Cooled, Plate and Frame, Others; By Material: Stainless Steel, Carbon Steel, Nickel, Others; By End Use: HVAC, Chemical, Oil and Gas, Power Generation, Paper and Pulp, Others; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
South Korea Heat Exchanger Market Outlook
The South Korea heat exchanger market size is projected to expand at a CAGR of 5.8% between 2024 and 2032.
Key Takeaways
- In commercial buildings, plate heat exchangers find applications in various areas such as free cooling, heat recovery, domestic hot water, and hydronic heating and cooling.
- Advancements in heat pump technologies are creating opportunities for various applications of heat exchangers across diverse industries.
- The focus on energy efficiency and sustainability has increased the need for more efficient and energy-saving heat exchangers, aligning with South Korea's goal of reducing carbon emissions and promoting green technologies.
The use of heat exchangers in South Korea is expected to gain momentum with technological advancements in the design of heat exchangers. For example, the invention of gasketed plate heat exchangers which provides improved channel flows and better use of heat transfer surface area.
As per the South Korea heat exchanger market analysis, shell and tube heat exchangers lead the market because of their efficient heat exchange rate and simple design. They are highly flexible and can operate across a range of temperatures and pressures, which make them apt for use in the chemical sector. Since it is made using various kinds of construction materials, it is tolerant to high pressure conditions. They are very reliable and are easy to maintain since they can be easily taken apart for cleaning, maintenance, or repair work, and put back together. They can be used in all types of applications and have lower environmental impact (use less energy and emit lower pollution) compared to traditional methods.
The growing focus on improving heating, ventilation, and air conditioning (HVAC) systems to boost efficiency is projected to raise the importance of heat exchangers in advancing energy conservation and decreasing carbon emissions. This aligns with the growing demand for sustainable and eco-friendly technologies across key sectors of South Korea.
Additionally, cooling towers can utilise heat exchangers to cool condenser water and thus, the chilled water loop in case outside air temperatures are lower, enabling the electric chiller to remain inactive. The increasing applications of heat exchangers with improvement in technologies are expected to aid the South Korea heat exchanger market growth.
Market Segmentation
South Korea Heat Exchanger Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Shell and Tube
- Air Cooled
- Plate and Frame
- Others
Market Breakup by Material
- Stainless Steel
- Carbon Steel
- Nickel
- Others
Market Breakup by End Use
- HVAC
- Chemical
- Oil and Gas
- Power Generation
- Paper and Pulp
- Others
Competitive Landscape
The major players are continuously investing in product improvement and innovation to stay competitive in the market.
- Danfoss A/S
- General Electric Company
- Alfa Laval AB
- HISAKA WORKS, LTD.
- Mersen Corporate Services SAS
- Hantech Ltd
- Daekyung Engineering & Construction Co. Ltd.
- Kib plug energy Co., Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Material |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Heat Exchanger Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Heat Exchanger Historical Market (2018-2023)
8.3 Asia Pacific Heat Exchanger Market Forecast (2024-2032)
8.4 Asia Pacific Heat Exchanger Market Breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 ASEAN
8.4.5 Australia
8.4.6 South Korea
8.4.7 Others
9 South Korea Heat Exchanger Market Overview
9.1 Key Industry Highlights
9.2 South Korea Heat Exchanger Historical Market (2018-2023)
9.3 South Korea Heat Exchanger Market Forecast (2024-2032)
10 South Korea Heat Exchanger Market by Type
10.1 Shell and Tube
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Air Cooled
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Plate and Frame
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 South Korea Heat Exchanger Market by Material
11.1 Stainless Steel
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Carbon Steel
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Nickel
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 South Korea Heat Exchanger Market by End Use
12.1 HVAC
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Chemical
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Oil and Gas
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Power Generation
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Paper and Pulp
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Danfoss A/S
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 General Electric Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Alfa Laval AB
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 HISAKA WORKS, LTD.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Mersen Corporate Services SAS
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Hantech Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Daekyung Engineering & Construction Co. Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Kib plug energy Co., Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Heat Exchanger Market: Key Industry Highlights, 2018 and 2032
2. South Korea Heat Exchanger Market: Key Industry Highlights, 2018 and 2032
3. South Korea Heat Exchanger Historical Market: Breakup by Type (USD Million), 2018-2023
4. South Korea Heat Exchanger Market Forecast: Breakup by Type (USD Million), 2024-2032
5. South Korea Heat Exchanger Historical Market: Breakup by Material (USD Million), 2018-2023
6. South Korea Heat Exchanger Market Forecast: Breakup by Material (USD Million), 2024-2032
7. South Korea Heat Exchanger Historical Market: Breakup by End Use (USD Million), 2018-2023
8. South Korea Heat Exchanger Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. South Korea Heat Exchanger Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.8% between 2024 and 2032.
Rapid industrialisation and urbanisation have created the need for energy efficient solutions in large and small residential and industrial spaces, thereby contributing to the demand for heat exchangers.
The key trends aiding the market expansion include innovations and new product launches and advancements in heating technologies.
The major types of heat exchangers include shell and tube, air cooled, and plate and frame, among others.
The major end-users include HVAC, chemical, oil and gas, power generation, and paper and pulp, among others.
The major players in the market are Danfoss A/S, General Electric Company, Alfa Laval AB, HISAKA WORKS, LTD., Mersen Corporate Services SAS, Hantech Ltd, Daekyung Engineering & Construction Co. Ltd., and Kib plug energy Co., Ltd., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER