The United States heat exchanger market size reached approximately USD 4.02 Billion in 2025. The market is estimated to grow at a CAGR of 4.30% in the forecast period of 2026-2035, reaching a value of around USD 6.12 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.3%
Value in USD Billion
2026-2035
*this image is indicative*
A heat exchanger is a system which is used to transfer thermal energy between two fluids that are at different temperatures. Some of its common examples include air preheaters, evaporators, condensers, and superheaters, among others.
United States Heat Exchanger Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Material
Market Breakup by End Use
Market Breakup by Region
Shell and tube exchangers occupy a significant portion of the United States heat exchanger market share as they offer efficient heat transfer between two liquids, liquids and gases, and two gases. They find growing applications in the food and beverage sector for the preservation and sterilisation of food. They are also widely utilised in condensing systems to condense a broad range of liquids.
Meanwhile, plate and frame exchangers are anticipated to witness robust growth in the forecast period, owing to their increased usage in petrochemical plants and refineries.
As per the United States heat exchanger market analysis, the chemical and petrochemical sector accounts for a substantial share of the US market, due to the increased implementation of heat exchangers for concentrating solutions. It is also used as a condenser in steam turbines to produce a vacuum in the exhaust.
Moreover, the rising usage of heat exchangers in the petrochemical sector for the liquefaction and separation of natural gas also provides ample market growth opportunities.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States heat exchanger market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Koch Industries, Inc. (Koch Heat Transfer Company) is a pioneer in heat transfer technology, with its headquarters in Texas, the United States. Some of its major products include shell and tube heat exchangers, hairpin heat exchangers, tank heaters, and tank heating coils, among others.
Mersen SA is an electrical power and advanced materials company, founded in 1891 and based in La Défense, France. The company offers its products and services in the sectors of corrosive chemicals, energy, electronics, and transportation, among others.
Chart Industries, Inc., originally established in 1859 as John Marston Ltd., is a global leader in cryogenic equipment. The company, headquartered in Georgia, the United States, also offers heat transfer systems, and repair, service, and leashing services, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other United States heat exchanger market players include SHECO Industries, Inc., HEATTRAN, Alfa Laval AB, Mason Manufacturing LLC, Kelvion Holding GmbH, Xylem Inc., and Danfoss A/S, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 4.02 Billion.
The market is projected to grow at a CAGR of 4.30% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035, reaching a value of around USD 6.12 Billion by 2035.
The major market drivers are the growing demand for heat exchangers in the chemical and oil and gas sectors and technological advancements and innovations.
The key trends of the market include increased incorporation of stainless steel-based heat exchangers, growing applications of heat exchangers in HVAC systems, the advent of advanced nanotechnology on the surface of heat exchangers, and developmental efforts by market players.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different heat exchanger types are air cooled, shell and tube, and plate and frame, among others.
The key players in the market are Koch Industries, Inc. (Koch Heat Transfer Company), Mersen SA, Chart Industries, Inc., SHECO Industries, Inc., HEATTRAN, Alfa Laval AB, Mason Manufacturing LLC, Kelvion Holding GmbH, Xylem Inc., and Danfoss A/S, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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