Heat Exchanger Tubing Market Report 2025 (Global Edition)

Global Heat Exchanger Tubing Market Report 2024 Market Size Split by type, by Size (< 10 cm, 10 to 30 cm, > 30 cm), by Application (Residential, Commercial, Industrial), by Sales Channel (Direct, Indi...

Heat Exchanger Tubing Market Report Description

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Heat Exchanger Tubing Market Insights Video

Competitive Landscape of the Heat Recovery Wheels Market

The market for heat recovery wheels is competitive, with both long-standing companies and recent arrivals facing stiff challenges. Businesses are concentrating on strategic expansions, sustainability, and innovation to hold onto their competitive advantage. The market is expected to expand because of the growing need for HVAC systems that are both ecologically and energy-efficient.

Top Companies Market Share in Heat Exchanger Tubing Industry: (In no particular order of Rank)

• Eri Corporation
• Ostberg
• Hoval Group
• Klingenburg
• Pahwa Group
• Greenheck
• FlaktGroup SEMCO
• NovelAire
• HEATEX
• Seibu Giken
• Airxchange
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Heat Recovery Wheels Market

Which Region Dominates the Heat Recovery Wheels Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The regional growth is driven by regulatory mandates, sustainability goals, and technological advancements. Key players are focusing on innovation, strategic partnerships, and customer-centric approaches to maintain a competitive edge. Despite challenges such as high initial costs and economic uncertainty, the market outlook remains positive, supported by increasing awareness of energy efficiency and indoor air quality.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Heat Recovery Wheels market. The need for HVAC systems with heat recovery capabilities is growing as a result of the rapid development in metropolitan areas and the industrial sector. Additionally, governments in the area are putting laws and rules into place to lower carbon emissions and increase energy efficiency, which is encouraging the use of heat recovery systems.

 

The current report Scope analyzes Heat Exchanger Tubing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Heat Exchanger Tubing

According to Cognitive Market Research, the global Heat Recovery Wheels market size was estimated at USD 268.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 107.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Heat Recovery Wheels market with a market size of USD 84.64 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's rising technological innovation.
• The Canada Heat Recovery Wheels market had a market share of USD 12.87 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's growing investment.
• The Mexico Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 9.76 million in 2024.

Europe Heat Exchanger Tubing

According to Cognitive Market Research, the global Heat Recovery Wheels market size was estimated at USD 268.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 80.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Heat Recovery Wheels market had a market share of USD 13.52 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Heat Recovery Wheels sales witness an upswing due to the nation's growing focus on sustainability.
• The France Heat Recovery Wheels market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 7.40 million in 2024.
• According to Cognitive Market Research, the Germany Heat Recovery Wheels market size was valued at USD 15.93 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Heat Recovery Wheels sales surged due to the increasing investment.
• The Italy Heat Recovery Wheels market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 6.92 million in 2024.
• The Russia Heat Recovery Wheels market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 12.47 million in 2024.
• The Spain Heat Recovery Wheels market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 6.60 million in 2024
• The Luxembourg Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 2.49 million in 2024.
• The Portugal Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 1.69 million in 2024.
• The Greece Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 0.97 million in 2024.
• Rest of Europe's Heat Recovery Wheels market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 12.47 million in 2024.

Asia Pacific Heat Exchanger Tubing

According to Cognitive Market Research, the global Heat Recovery Wheels market size was estimated at USD 268.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 61.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Heat Recovery Wheels market size was valued at USD 27.76 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Heat Recovery Wheels sales surged in China due to increasing automotive sector.
• The Japan Heat Recovery Wheels market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 8.51 million in 2024.
• The India Heat Recovery Wheels market had a market share of USD 7.40 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's growing industrialization drives the market growth.
• The South Korea Heat Recovery Wheels market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 6.17 million in 2024.
• The Australia Heat Recovery Wheels market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 3.21 million in 2024.
• The South East Asia Heat Recovery Wheels market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 4.26 million in 2024.
• The Rest of the Asia Pacific Heat Recovery Wheels market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 4.38 million in 2024.

South America Heat Exchanger Tubing

According to Cognitive Market Research, the global Heat Recovery Wheels market size was estimated at USD 268.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 13.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Heat Recovery Wheels market size was valued at USD 5.74 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Heat Recovery Wheels sales flourish in Brazil due to the rising investment in advanced technology.
• Argentina Heat Recovery Wheels market had a market share of USD 2.25 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The growing investment drives the market growth in the nation.
• Colombia Heat Recovery Wheels market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 1.19 million in 2024.
• Peru Heat Recovery Wheels market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 1.10 million in 2024.
• Chile Heat Recovery Wheels market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 0.97 million in 2024.
• The Rest of Latin America Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 2.16 million in 2024.

Middle East and Africa Heat Exchanger Tubing

According to Cognitive Market Research, the global Heat Recovery Wheels market size was estimated at USD 268.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Heat Recovery Wheels market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 2.30 million in 2024. Heat Recovery Wheels sales flourish due to the growing industrialization.
• The Egypt Heat Recovery Wheels market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 0.56 million in 2024.
• The South Africa Heat Recovery Wheels market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 0.85 million in 2024. Heat Recovery Wheels sales flourish in South Africa due to the rising investment.
• The Turkey Heat Recovery Wheels market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 0.46 million in 2024.
• The Nigeria Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 0.56 million in 2024.
• The Rest of MEA Heat Recovery Wheels market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 0.63 million in 2024.

Heat Exchanger Tubing Market Analysis

Heat Recovery Wheels Market Type Segment Analysis

According to Cognitive Market Research, Condensation Rotors stand out as the dominating category. Heat and moisture are transferred between the inbound and departing air streams using condensation rotors, often referred to as enthalpy or desiccant wheels. By doing so, humidity levels can be controlled and condensation in HVAC systems can be avoided. When humidity control is essential, such as in data centers, hospitals, and high-efficiency houses, these rotors are very helpful in commercial buildings, industrial facilities, and residential settings. There's an increasing focus on energy-efficient solutions as energy bills keep going up. By recovering heat and moisture and so lessening the need for extra heating or cooling, condensation rotors contribute to lower energy usage.

Sorption Rotors emerge as the fastest-growing category in the Heat Recovery Wheels market. By recovering heat and moisture, sorption rotors help cut down on the need for extra heating, cooling, and dehumidification, thereby reducing energy usage. Their adoption is mainly driven by the cost reductions that result from their efficiency.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Heat Exchanger Tubing Industry. Request a Free Sample PDF!

Heat Recovery Wheels Market Size Segment Analysis

According to Cognitive Market Research, the dominating category is < 10 cm. Less than 10 cm in diameter heat recovery wheels are made for applications that need small, effective energy recovery systems. These wheels make it easier for heat and, occasionally, moisture to move between air streams in small areas. The need for small and effective HVAC systems is being driven by the trend toward miniaturization in many sectors. These systems require small-diameter heat recovery wheels because they provide excellent performance in constrained areas.

The fastest-growing category in the Heat Recovery Wheels market is > 30 cm. In industrial environments like manufacturing facilities, data centers, and laboratories, where strict temperature control requirements and high air exchange rates are crucial, large-diameter heat recovery wheels are often utilized. The need for these wheels is fueled by the expanding industrial sector.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Heat Exchanger Tubing Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Industrial. An important component of operating costs in industrial facilities is energy. By recovering waste heat from exhaust air streams, heat recovery wheels assist cut down on the demand for extra heating or cooling. The use of these wheels is fueled by the focus on energy efficiency, which increases sales.

The fastest-growing category in the Heat Recovery Wheels market is Commercial. Commercial building occupants' comfort, productivity, and health are all impacted by indoor air quality, making it a major problem. As they recover energy and reduce pollutants and impurities, heat recovery wheels promote the expansion of their market and help preserve the best possible indoor air quality.

• Residential
• Commercial
• Industrial

Heat Exchanger Tubing Sales Channel Segment Analysis

Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Direct. By creating direct sales channels in new target sectors or geographic areas, manufacturers proactively increase their market presence. By entering unexplored markets, this expansion boosts customer accessibility and promotes revenue development.

The fastest-growing category in the Heat Recovery Wheels market is Indirect. Indirect revenue growth in the heat recovery wheels market is driven by factors such as distribution network expansion, technical expertise and support, brand visibility, regulatory compliance, and strategic partnerships with distributors, wholesalers, contractors, and OEMs.

• Direct
• Indirect

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion