Heat exchange equipment is an energy saving equipment that realizes heat transfer between two or more fluids at different temperatures. It transfers heat from a higher temperature fluid to a lower temperature fluid, so that the fluid temperature reaches the process system, the specified indicators to meet the needs of process conditions, at the same time, it is also one of the main equipment to improve energy efficiency. The heat exchange equipment industry involves over 30 industries, such as HVAC, environmental protection, paper making, food, chemical industry, metallurgy, air treatment, water treatment etc.

The data shows that the market size of China's heat exchanger industry in 2014 was about CNY66 billion, mainly in the fields of petroleum, chemical industry, metallurgy, electric power, shipbuilding, central heating, refrigeration and air conditioning, machinery, food, and pharmaceuticals etc. Among them, the petrochemical industry is still the largest market for the heat exchanger industry, with a market size of CNY20 billion, the heat exchanger market size in the power metallurgy field is about CNY10 billion, the shipbuilding industry heat exchanger market size is more than CNY7 billion, the market size of heat exchangers in the mechanical industry is about CNY6 billion, the market size of heat exchangers in the central heating industry exceeds CNY4 billion, and the food industry also has a market of nearly CNY4 billion. In addition, aerospace vehicles, semiconductor devices, nuclear power, wind turbines, solar photovoltaic power generation, energy and other fields require a large number of professional heat exchangers, and these markets are about CNY15 billion.

The heat exchange equipment industry has made remarkable achievements in research on energy conservation and environmental protection, improving heat exchange efficiency,  reducing pressure drop, saving costs, and improving thermal strength of devices etc. The heat exchanger industry will maintain stable growth in the next period of time, China's heat exchanger industry will maintain an average annual growth rate of about 10% from 2015 to 2025.