By 2022, the global heat exchanger market is expected to reach $20.65 billion, 2017-2022, the compound annual growth rate (CAGR) of 8.3%.The main driver of market development include strict environmental regulations, the wide application of HVAC refrigeration equipment and technological progress, etc. Of course, mature markets such as Europe and North America is expected to depress growth to a certain extent.

In the heat exchanger markets around the world, Asia Pacific, North America, Western Europe & central and eastern Europe, South America & the Middle East, Africa and other regions are the main market. At present, the North America is the biggest market of heat exchanger and the largest proportion of the market in the world. The installation of the heat exchanger market volume is huge, and is a market dominated by export. Heat exchanger market is developing in many countries, such as China, India, Saudi Arabia, and Brazil, this is mainly due to the industrial development in these areas. At the same time, the Asia-pacific and eastern Europe appear plenty of new manufacturers to  reduce reliance on imported products, In order to further promote the development of heat exchanger market in the future.