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Heat Exchangers in the US Procurement Price, Data and Insights
Heat exchangers are used to transfer heat from one medium to another, making them ubiquitous in cooling and heating processes. The most common heat exchangers are tube and plate exchangers. Heat exchangers are used in a variety of products, such as car radiators, refrigerators, air conditioners and space heaters, as well as oil and gas refining, power generation and other industrial production and processing activities. Buyers include manufacturers, oil and gas operators and building developers.
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What’s included in this market coverage
IBISWorld's research coverage on the Heat Exchangers procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Heat Exchangers market in the United States includes Tube Exchangers, Plate Exchangers, Air Cooled Heat Exchangers, Double Pipe Heat Exchangers and Spiral Heat Exchangers. Standard coding in this coverage includes HS-841950-Heat Exchange Units; Not Used For Domestic Purposes, ISIC-2819-Manufacture of other general-purpose machinery, NACE-28.25-Manufacture Of Non-Domestic Cooling And Ventilation Equipment, NAICS-332410-Power Boiler and Heat Exchanger Manufacturing and UNSPSC-40101802-Heat exchangers.
What common market terminology is included?
Common market terminology included in the Heat Exchangers procurement coverage includes Bundle (The set of tubes that is located inside the shell of a shell and tube heat exchanger.), Fouling (The buildup of unwanted material or impurity deposits on the heat exchanger's surface, which reduces the overall heat transfer effectiveness.), Plate Heat Exchanger (A heat exchanger composed of multiple thin, separated plates with a very large surface area. These plates have fluid flow passages that enable heat transfer.) and Shell & Tube Heat Exchanger (A heat exchanger that is designed for high-pressure applications such as oil refining. It consists of a large-pressure vessel shell with multiple tubes inside of it in which one fluid runs through the tubes and another fluid runs over the tubes to transfer heat between the two fluids.).
What companies are included as top suppliers?
The top companies covered in the Heat Exchangers procurement report as suppliers are Xylem Inc., Nda Group Limited, Danfoss A, Air Products and Chemicals, Inc. and W.W. Grainger, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Heat Exchangers market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per heat exchanger, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Heat Exchangers market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Heat Exchangers procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Heat Exchangers market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Heat Exchangers market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Heat Exchangers?
The 2026 benchmark market price for Heat Exchangers is $5400 per heat exchanger. Prices have increased at a CAGR of 3.72 from 2023-26.
Who are the top vendors in the Heat Exchangers market?
The top vendors in the Heat Exchangers market include Xylem Inc., Nda Group Limited, Danfoss A, Air Products and Chemicals, Inc. and W.W. Grainger, Inc..
What industries supply the Heat Exchangers market?
The top industries supplying the Heat Exchangers market are Iron & Steel Manufacturing in the US, Iron Ore Mining in the US, Metal Pipe & Tube Manufacturing in the US and Gasoline & Petroleum Wholesaling in the US.
What is the supply chain risk for Heat Exchangers?
Volatile raw material inventories have raised supply chain risk. Heat exchangers rely heavily on steel, iron, and other metals sourced from high-risk upstream suppliers. Fluctuations in global metal prices and disruptions in mining or refining operations expose buyers to cost instability and extended lead times. Buyers should implement risk-mitigation strategies such as multi-sourcing, forward buying, or contract clauses tied to commodity indices to shield against pricing spikes.
What factors affect the price of Heat Exchangers?
Heat exchangers constructed from high-quality, durable materials like titanium are often more expensive than carbon steel and aluminum alloys. Buyers pay higher upfront costs, but typically spend less on future maintenance when opting for stronger materials.
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