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Global Welded Spiral Heat Exchangers Market Share, Analysis: By Flow Type: Countercurrent Flow, Co-Current Flow; By Application: Petrochemicals, Steel Making, Pharmaceutical, Wastewater Treatment, Pulp & Paper, Vegetable Oil Refining, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Welded Spiral Heat Exchangers Market Outlook
The global welded spiral heat exchangers market attained a value of USD 1.83 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.5%.
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The market is driven by the increasing demand for the product in food and beverages, petrochemicals, HVAC and refrigeration, and chemical industries, particularly in the emerging economies of the Asia Pacific.
Properties and Applications
The welded spiral heat exchanger is referred to as the product made by rolling two long metal plates around a centre core to produce two concentric spiral flow sections, one for each fluid.
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The industry is segmented based on the flow type and applications.
Based on the flow type, the industry is divided into:
- Countercurrent Flow
- Co-Current Flow
Based on applications, the industry is divided into:
- Petrochemicals
- Steel Making
- Pharmaceutical
- Wastewater Treatment
- Pulp and Paper
- Vegetable Oil Refining
- Others
The EMR report looks into the regional markets of welded spiral heat exchangers like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global welded spiral heat exchangers industry is driven by the extensive use of the product in the industries, including food and beverages, chemicals, HVAC and refrigeration, power generation, petrochemical, and pulp and paper. Further, the growing demand from the chemical industry, the increasing focus on improving efficiency standards, and technological innovations are expected to enhance the market growth in the forecast period. The United States market witnessed substantial growth owing to the growing adoption of welded spiral heat exchangers in petrochemical, chemical, food and beverages, and pulp and paper industries.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global welded spiral heat exchangers industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Danfoss A/S
- Alfa Laval AB (STO: ALFA)
- Elanco, Inc.
- Gooch Thermal Systems, Inc.
- Kurose Chemical Equipment Co., Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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 Flow Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Welded Spiral Heat Exchangers Market Analysis
8.1 Key Industry Highlights
8.2 Global Welded Spiral Heat Exchangers Historical Market (2018-2023)
8.3 Global Welded Spiral Heat Exchangers Market Forecast (2024-2032)
8.4 Global Welded Spiral Heat Exchangers Market by Flow Type
8.4.1 Countercurrent Flow
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Co-Current Flow
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Welded Spiral Heat Exchangers Market by Application
8.5.1 Petrochemicals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Steel Making
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Wastewater Treatment
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Pulp & Paper
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Vegetable Oil Refining
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Welded Spiral Heat Exchangers Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2017-2021)
8.6.1.2 Forecast Trend (2022-2027)
8.6.2 Europe
8.6.2.1 Historical Trend (2017-2021)
8.6.2.2 Forecast Trend (2022-2027)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2017-2021)
8.6.3.2 Forecast Trend (2022-2027)
8.6.4 Latin America
8.6.4.1 Historical Trend (2017-2021)
8.6.4.2 Forecast Trend (2022-2027)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2017-2021)
8.6.5.2 Forecast Trend (2022-2027)
9 North America Welded Spiral Heat Exchangers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 Canada
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
10 Europe Welded Spiral Heat Exchangers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.2 Germany
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.3 France
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.4 Italy
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.5 Others
11 Asia Pacific Welded Spiral Heat Exchangers Market Analysis
11.1 China
11.1.1 Historical Trend (2017-2021)
11.1.2 Forecast Trend (2022-2027)
11.2 Japan
11.2.1 Historical Trend (2017-2021)
11.2.2 Forecast Trend (2022-2027)
11.3 India
11.3.1 Historical Trend (2017-2021)
11.3.2 Forecast Trend (2022-2027)
11.4 ASEAN
11.4.1 Historical Trend (2017-2021)
11.4.2 Forecast Trend (2022-2027)
11.5 Australia
11.5.1 Historical Trend (2017-2021)
11.5.2 Forecast Trend (2022-2027)
11.6 Others
12 Latin America Welded Spiral Heat Exchangers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2017-2021)
12.1.2 Forecast Trend (2022-2027)
12.2 Argentina
12.2.1 Historical Trend (2017-2021)
12.2.2 Forecast Trend (2022-2027)
12.3 Mexico
12.3.1 Historical Trend (2017-2021)
12.3.2 Forecast Trend (2022-2027)
12.4 Others
13 Middle East and Africa Welded Spiral Heat Exchangers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2017-2021)
13.1.2 Forecast Trend (2022-2027)
13.2 United Arab Emirates
13.2.1 Historical Trend (2017-2021)
13.2.2 Forecast Trend (2022-2027)
13.3 Nigeria
13.3.1 Historical Trend (2017-2021)
13.3.2 Forecast Trend (2022-2027)
13.4 South Africa
13.4.1 Historical Trend (2017-2021)
13.4.2 Forecast Trend (2022-2027)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Danfoss A/S
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Alfa Laval AB
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Elanco, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Gooch Thermal Systems, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Kurose Chemical Equipment Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Welded Spiral Heat Exchangers Market: Key Industry Highlights, 2018 and 2032
2. Global Welded Spiral Heat Exchangers Historical Market: Breakup by Flow Type (USD Million), 2018-2023
3. Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Flow Type (USD Million), 2024-2032
4. Global Welded Spiral Heat Exchangers Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Welded Spiral Heat Exchangers Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Global Welded Spiral Heat Exchangers Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Global Welded Spiral Heat Exchangers Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Global Welded Spiral Heat Exchangers Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Global Welded Spiral Heat Exchangers Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Global Welded Spiral Heat Exchangers Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Global Welded Spiral Heat Exchangers Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Welded Spiral Heat Exchangers Market Structure
Key Questions Answered in the Report
The global welded spiral heat exchangers market reached a value of USD 1.83 billion in 2023.
The market is projected to grow at a CAGR of nearly 4.5% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising demand for the product in food and beverages, petrochemicals, HVAC and refrigeration, and chemical industries.
The rising focus on improving efficiency standards, and technological innovations are expected to be the key trends guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading flow types of the product are countercurrent flow and co-current flow.
The significant application segments of the product in the market are petrochemicals, steel making, pharmaceutical, wastewater treatment, pulp and paper, and vegetable oil refining, among others.
The leading players in the market are Danfoss A/S, Alfa Laval AB, Elanco, Inc., Gooch Thermal Systems, Inc., and Kurose Chemical Equipment Co., Ltd., among others.
Analyst Review
The global welded spiral heat exchangers market attained a value of USD 1.83 billion in 2023, driven by the rising demand for the product in the food and beverages industry. Aided by the rising focus on improving efficiency standards, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on flow type, the global market for welded spiral heat exchangers can be segmented into countercurrent flow and co-current flow. On the basis of application, the industry can be segmented into petrochemicals, steel making, pharmaceutical, wastewater treatment, pulp and paper, and vegetable oil refining, among others. The major regional markets of welded spiral heat exchangers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Danfoss A/S, Alfa Laval AB, Elanco, Inc., Gooch Thermal Systems, Inc., and Kurose Chemical Equipment Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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