#Global Brazed Plate Heat Exchangers Industry

[supriya--askdigital9]

Why Shell and Tube Heat Exchangers are popular?

Shell and Tube Heat Exchangers are general: Shell and tube heat exchangers are unique of the greatest prevalent sorts of heat exchanger because of their flexibility to accommodate a wide diversity of fevers and weights.

Shell and tube heat exchangers have been used for additional than 150 years in almost every industrial request. This product project is widely general, typically for its adaptability in terms of kinds of services.

The shell and tube heat exchanger are very overall and the heat exchanger of excellent in the Chemical Processing Manufacturing. Some of the important benefits that make the shell and tube heat exchanger so general are they can meet procedure requirements in almost every industry or application. They are highly efficient and reliable. The shell and tube heat exchangers are built with numerous dissimilar materials of production and they can handle a wide choice of pressures and temperature supplies. Finally, the shell and tube heat exchanger is informal to uphold. When most people reason of heat exchangers they directly think of the shell and tube heat exchanger. 

There are countless unlike categories of heat exchangers besides the shell and tube heat exchanger such as plate and frame, brazed plate, radiator type, and graphite block heat exchangers. The shell and tube heat exchanger was the heat exchanger of excellent and the greatest general heat exchanger used in manufacturing 150 years ago and is still popular today.

Understanding Shell and Tube Heat Exchangers

Shell and tube heat exchangers are vital components in various industrial processes, efficiently transferring heat from one fluid to another. The design consists of a shell (large outer vessel) with multiple tubes inside, allowing for the exchange of heat between the fluids. This mechanism is highly effective due to its large surface area for heat transfer.

Functional Principles of Shell and Tube Heat Exchangers

In operation, one fluid flows through the tubes while the other flows around them in the shell. This arrangement facilitates the transfer of heat between the two fluids without direct contact. The design ensures efficient heat exchange, making it ideal for applications requiring precise temperature control and thermal performance.

Benefits of Shell and Tube Heat Exchangers

Shell and tube heat exchangers offer several advantages, including their ability to handle high pressures and temperatures, making them suitable for demanding industrial environments. Additionally, their modular design allows for easy customization and scalability to meet specific project requirements.

Applications of Shell and Tube Heat Exchangers

These heat exchangers find widespread use in various industries such as chemical processing, oil refineries, and power generation. Their versatility and efficiency make them indispensable for processes that rely on precise temperature management and heat recovery.

Maintenance and Care

Proper maintenance is crucial to ensure the longevity and optimal performance of shell and tube heat exchangers. Regular inspection, cleaning, and servicing help prevent fouling and corrosion, which can affect efficiency and lead to costly downtime.

Conclusion

Shell and tube heat exchangers play a vital role in facilitating heat transfer in industrial processes, ensuring efficient energy utilization and temperature control. Understanding their operating principles, benefits, and maintenance requirements is essential for maximizing their efficiency and longevity in various applications.

Incorporating shell and tube heat exchangers into your industrial processes can improve performance and energy efficiency while ensuring precise temperature control. With their proven track record and versatile design, these heat exchangers are a reliable choice for meeting the thermal management needs of diverse industries.

Rahul Engineering Global Private Limited stands as a trusted supplier of Shell & Tube Type Heat Exchangers in Pune, India. With their design, manufacturing, and installation expertise, they offer customized solutions that enhance presentation and energy competence for an extensive choice of trades. The business's commitment to quality, innovation, and client fulfillment sets them apart as a leader in the field, ensuring that trades receive the best heat exchanger solutions to meet their particular requirements. 

Contact us:

Feel free to get in touch with Rahul Engineering Global Pvt Ltd for all your inquiries and support related to shell and tube heat exchangers. We're here to assist you promptly!

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Come visit Rahul Engineering Global Pvt Ltd to explore our premium selection of shell and tube heat exchangers. Experience superior quality and performance firsthand!

[global-research-report]

Brazed Plate Heat Exchangers Market: Regional Analysis, Competitive Landscape, and Key Players

The global brazed plate heat exchangers market size is expected to reach USD 1.62 billion by 2030, registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Rising product demand, particularly on account of cost-effectiveness, lower carbon footprints, and higher energy efficiency is anticipated to drive the industry. According to Centrum Institutional Research, investments in the chemical industry have increased 2.5 times in the last decade, rising to 6,100 crores in FY22. Brazed plate heat exchangers are used in the chemical manufacturing process to cool, heat, and mix chemicals.

The chemical industry’s rapid expansion is projected to be a major driver for market growth. In industrial power generation engines, lubricating oil is required to optimize performance, protect moving parts, and provide optimal operating conditions for internal components. A brazed plate heat exchanger is used for activation units and engines in power generation industrial facilities as it has oil-cooling properties. Rapid industrialization in growing economies and rising investments in commercial, industrial, and residential projects have contributed to a rise in industry growth. Furthermore, increased product demand in the food, oil & gas, and other industries due to lower operational costs will also support market growth.

Brazed plate heat exchangers are utilized in the oil & gas industry for various applications, such as selective gas component extraction, natural gas evaporation, and industrial gas consumption. Brazed plate heat exchangers are now chosen over traditional shell & tube heat exchangers due to their thermal efficiency, compactness, and quicker lead time. Providers of brazed plate heat exchangers are adopting several strategies, including acquisitions, mergers, new product developments, and geographical expansions to enhance their industry presence. For instance, in October 2021, Alfa Laval launched the AC74 to improve energy efficiency and enable the use of refrigerants with a low global warming potential.

Brazed Plate Heat Exchangers Market Report Highlights

The multi-circuit segment is estimated to expand at a steady CAGR over the forecast period owing to advantages, such as a low maintenance cost, smaller footprint, and energy efficiency

The HVAC-R segment accounted for the maximum share in 2022. Due to their lower footprint, brazed plate heat exchangers have become increasingly popular among HVAC equipment manufacturers

The Europe region accounted for the maximum revenue share in 2022. Rising public and private infrastructure investments are expected to drive brazed plate heat exchanger demand in the HVAC & refrigeration industry

Asia Pacific is estimated to advance at the fastest CAGR over the forecast period owing to increased industrial construction and infrastructure activities in emerging nations, such as India, China, Vietnam, and Thailand

In February 2022, Alfa Laval launched AC540 brazed plate heat exchangers, such as ACK540, ACH540, CBP540 and ACP540, which were manufactured in San Bonifacio, Italy

Brazed Plate Heat Exchangers Market Segmentation

Grand View Research has segmented the global brazed plate heat exchangers market on the basis of product, application, and region:

Brazed Plate Heat Exchangers Product Outlook (Revenue, USD Million, 2018 - 2030)

Single-circuit

Multi-circuit

Brazed Plate Heat Exchangers Application Outlook (Revenue, USD Million, 2018 - 2030)

HVAC-R

Chemical & Petrochemical

Food & Beverage

Power Generation

Heavy Industry

Others

Brazed Plate Heat Exchangers Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

France

Germany

Italy

Asia Pacific

China

Japan

India

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

UAE

Key players in the Brazed Plate Heat Exchangers Market

Alfa Laval

Danfoss

Kelvion Holding GmbH

SWEP International AB

Xylem Inc.

API Heat Transfer

AIC

Hisaka Works, Ltd.

Charts Industries, Inc.

Order a free sample PDF of the Brazed Plate Heat Exchangers Market Intelligence Study, published by Grand View Research.

[blueweave]

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Brazed Aluminum Plate-fin Heat Exchanger (BAHX) Market size at USD 729.10 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Brazed Aluminum Plate-fin Heat Exchanger (BAHX) Market size to expand at a CAGR of 4.40% reaching a value of USD 918.10 million by 2031. The growing use of BAHX in a variety of sectors, including oil & gas, chemical processing, and HVAC & refrigeration, as well as ongoing technical improvements, are key growth factors for Global Brazed Aluminum Plate-fin Heat Exchanger (BAHX) Market. Over the forecast period, the growing need for energy-efficient heat exchangers to minimize carbon footprint and optimize energy consumption is also expected to further drive Global Brazed Aluminum Plate-fin Heat Exchanger (BAHX) Market.

Sample Request: https://www.blueweaveconsulting.com/report/brazed-aluminum-plate-fin-heat-exchanger-market/report-sample

Opportunity – Increasing Demand for Industrial Gases

A spurring demand for industrial gases, such as oxygen, nitrogen, and argon, particularly in emerging economies, is projected to drive Global Brazed Aluminum Plate-fin Heat Exchanger (BAHX) Market during the period in analysis. Rapid industrialization in developing regions, like Asia Pacific, Latin America, and Africa, is propelling the demand for industrial gases for various applications, such as steel production, chemicals, and healthcare. Air separation plants, which use BAHX for efficient heat exchange in cryogenic processes, are critical for producing these industrial gases. Additionally, government initiatives supporting infrastructure development and industrial growth are expected to further boost investments in air separation technologies and consequently increase the demand for BAHX.

[researchrealmblog]

Plate-End-Frame Heat Exchangers: A Marvel of Efficiency and Sustainability

Heat exchangers are very important components for numerous sectors, negligible functioning behind the scenes to transfer thermal power between two liquids, whether it is for cooling, heating, or heat recovery aims. 

Among the many kinds of heat exchangers, one that has attained substantial popularity because of its effectiveness and environment-friendliness is the plate-end-frame heat exchanger. 

The plate-and-frame heat exchanger market will reach USD 8,912.9 million by 2030. 

The Basics of Plate-End-Frame Heat Exchangers

Visualize 2 plates squeezing in a heat-conductive material, making a small and effective instrument to transmit heat. This is the core of a plate-end-frame heat exchanger. The machine contains alternating plates, generally created by stainless steel or other strong resources, combined with seals, making a liquid flow channel between them. The end frames are utilized to aid and enfold the plates steadily.

Productivity at Its Best

The main benefit of a plate-end-frame heat exchanger lies in its extremely effective design. The huge surface area of the plates permits an augmented heat transmission rate among the fluids, fortifying it to be extremely effective in several heat exchange applications. If compared to old-style shell-and-tube heat exchangers, plate-end-frame heat exchangers needs less area and material, providing a more lucrative and ecologically friendly solution.

Adaptability and Flexibility

One of the major reasons plate-end-frame heat exchangers have attained extensive appreciation is their adaptability. Such heat exchangers can manage an extensive variety of fluids, such as gases and liquids, making them appropriate for many applications. Whether it is boiling water in residential boilers, cooling chemicals in manufacturing procedures, or improving heat in power plants, plate-end-frame heat exchangers are best suited.

Reduced Ecological Impact

These days, ecological sustainability is an emerging concern. Fortunately, plate-end-frame heat exchangers work flawlessly with such principles. By easing effective heat transfer, such heat exchangers contribute to lesser power usage, decreasing GHG releases and total ecological impact. Their small design and utilization of recyclable materials also reduce waste production, making them an ecological option for heat exchange requirements.

Their compact design and easy maintenance have been driving the demand for them in the chemicals & petrochemicals sector. In addition, the rising global demand for electricity, accelerating industrialization, and burgeoning investments in renewable energy generation in key economies, such as the U.S., Canada, Mexico, Brazil, European countries, India, China, Australia, and New Zealand, are set to boost product sales.

Types of plate heat exchangers

Gasketed plate heat exchangers utilize high-quality gaskets and are made to seal plates together and safeguard against leaks. Plates can effortlessly be detached for cleaning, expansion, or replacing drives, radically decreasing maintenance costs.

Brazed Plate heat exchangers are utilized in several refrigeration and industrial applications. Because of the stainless-steel plate arrangement with copper brazing, they are extremely resilient to corrosion. Brazed Plate heat exchangers are effective and compact, making them a perfect economic choice.

Hence, plate-end-frame heat exchangers have established themselves as extraordinary manufacturing marvels, offering effective and supportable solutions for heat transfer requirements across industries. 

Source: P&S Intelligence

[tamanna31]

Heat Exchangers Market 2024: Industry Analysis and Opportunity Assessment, Forecast to 2030

Heat Exchangers Industry Overview

The global heat exchangers market size was estimated at USD 18.19 billion in 2023 and is expected to expand at a compounded annual growth rate (CAGR) of 5.4% from 2024 to 2030. 

Rising focus on efficient thermal management in various industries, including oil & gas, power generation, chemical & petrochemical, food & beverage, and HVAC & refrigeration, is expected to drive the demand for heat exchangers over the forecast period. Rising demand from chemical industry coupled with increasing technological advancements and a growing focus on improving efficiency standards is expected to drive heat exchangers market growth. Most processes in petrochemical facilities involve high pressure and temperature, thus, necessitating the optimization of heat transfer and enhancement of energy savings, which, in turn, is likely to boost the demand for energy-efficient heat exchangers.

Gather more insights about the market drivers, restrains and growth of the Heat Exchangers Market

U.S. dominated the North America heat exchanger market in 2023, owing to high electricity demand, industrialization, and investments in renewable power generation. Rising investments by oil & gas companies in exploration & production activities in the U.S. are expected to boost the demand for these products in oil & gas industry.

Significant power markets such as China, U.S., India, Russia, and Japan are restructuring their operating models to adopt the structure of renewable energy and efficient utilization of energy by installing heat exchangers and shifting from traditional energy use. This is expected to drive the demand for heat exchangers.

Technological advancements such as tube inserts in heat exchangers are expected to complement the market growth. Furthermore, ongoing technological improvements to improve energy efficiency, total life cycle cost, durability, and compactness of heat exchangers are expected to drive industry growth.

Manufacturers of these products face a long list of difficult supply chain challenges, including increasing demand variability, intense global competition, more environmental compliance regulations, increasing human- and nature-based risks, and inventory proliferation. COVID-19 pandemic has created new challenges, which are compelling manufacturers to innovate their supply chains at a faster speed.

Heat Exchangers Market Segmentation

Grand View Research has segmented the global heat exchangers market report based on product, end-use, material and region:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

Plate & Frame Heat Exchanger

Brazed Plate & Frame Heat Exchanger

Gasketed Plate & Frame Heat Exchanger

Welded Plate & Frame Heat Exchanger

Others

Shell & Tube Heat Exchanger

Air-Cooled Heat Exchanger

Others

End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Chemical & Petrochemical

Oil & Gas

HVAC & Refrigeration

Power GenerationFood & Beverage

Pulp & Paper

Others

Material Outlook (Revenue, USD Billion, 2018 - 2030)

Metals

Alloys

Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

France

Italy

Spain

UK

Asia Pacific

China

Japan

India

South Korea

Australia

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

South Africa

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global wood plastic composites market size was estimated at USD 7.15 billion in 2023 and is expected to grow at a CAGR of 11.6% from 2024 to 2030.

The global industrial fasteners market size was estimated at USD 95.57 billion in 2023 and is expected to grow at a CAGR of 4.7% from 2024 to 2030.

Key Companies & Market Share Insights

Global heat exchangers industry is characterized by presence of multinational as well as regional players that are engaged in designing, manufacturing, and distributing these products. Product manufacturers strive to obtain a competitive edge over their competitors by increasing application scope of their products.

Strategies adopted by manufacturers include new product development, diversification, mergers & acquisitions, and geographical expansion. These strategies aid the companies in expanding their market penetration and catering to changing technological demand across various end-use industries.

Key Heat Exchangers Companies:

Alfa Laval

Danfoss

Kelvion Holding GmbH

Güntner Group GmbH

Xylem Inc

API Heat Transfer

Mersen

Hisaka Works, Ltd.

Chart Industries, Inc

Johnson Controls International

HRS Heat Exchangers

SPX FLOW, Inc.

Funke Wärmeaustauscher Apparantebau GmbH

Koch Heat Transfer Company

Southern Heat Exchanger Corporation

Recent Developments:

For instance, in April 2023, Kelvion launched dedicated air cooler series for natural refrigerants. The CDF & CDH ranges are dual discharge air coolers highlighting a similar proficient tube system.

In May 2023, Alfa Laval is enhancing its brazed plate heat exchanger capacity to bolster the global energy transition. The establishment of new facilities in Italy, China, Sweden, and the U.S. signifies significant progress in their initiative to advance manufacturing intelligence and efficiency throughout the entire supply chain.

In January 2021, Alfa Laval, opened a new facility for the production of brazed heat exchangers in San Bonifacio, Italy. The new facility will have more capacity to fulfill the increasing customer demand.

Order a free sample PDF of the Heat Exchanger Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Heat Exchangers Market Analysis, Opportunities And Forecast Report 2024-2030

The global heat exchangers market size was estimated at USD 18.19 billion in 2023 and is expected to expand at a compounded annual growth rate (CAGR) of 5.4% from 2024 to 2030. 

Rising focus on efficient thermal management in various industries, including oil & gas, power generation, chemical & petrochemical, food & beverage, and HVAC & refrigeration, is expected to drive the demand for heat exchangers over the forecast period. Rising demand from chemical industry coupled with increasing technological advancements and a growing focus on improving efficiency standards is expected to drive heat exchangers market growth. Most processes in petrochemical facilities involve high pressure and temperature, thus, necessitating the optimization of heat transfer and enhancement of energy savings, which, in turn, is likely to boost the demand for energy-efficient heat exchangers.

Gather more insights about the market drivers, restrains and growth of the Heat Exchangers Market

U.S. dominated the North America heat exchanger market in 2023, owing to high electricity demand, industrialization, and investments in renewable power generation. Rising investments by oil & gas companies in exploration & production activities in the U.S. are expected to boost the demand for these products in oil & gas industry.

Significant power markets such as China, U.S., India, Russia, and Japan are restructuring their operating models to adopt the structure of renewable energy and efficient utilization of energy by installing heat exchangers and shifting from traditional energy use. This is expected to drive the demand for heat exchangers.

Technological advancements such as tube inserts in heat exchangers are expected to complement the market growth. Furthermore, ongoing technological improvements to improve energy efficiency, total life cycle cost, durability, and compactness of heat exchangers are expected to drive industry growth.

Manufacturers of these products face a long list of difficult supply chain challenges, including increasing demand variability, intense global competition, more environmental compliance regulations, increasing human- and nature-based risks, and inventory proliferation. COVID-19 pandemic has created new challenges, which are compelling manufacturers to innovate their supply chains at a faster speed.

Heat Exchangers Market Segmentation

Grand View Research has segmented the global heat exchangers market report based on product, end-use, material and region:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Plate & Frame Heat Exchanger

• Brazed Plate & Frame Heat Exchanger

• Gasketed Plate & Frame Heat Exchanger

• Welded Plate & Frame Heat Exchanger

• Others

• Shell & Tube Heat Exchanger

• Air-Cooled Heat Exchanger

• Others

End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Chemical & Petrochemical

• Oil & Gas

• HVAC & Refrigeration

• Power GenerationFood & Beverage

• Pulp & Paper

• Others

Material Outlook (Revenue, USD Billion, 2018 - 2030)

• Metals

• Alloys

• Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o France

o Italy

o Spain

o UK

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

o South Africa

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global wood plastic composites market size was estimated at USD 7.15 billion in 2023 and is expected to grow at a CAGR of 11.6% from 2024 to 2030.

• The global industrial fasteners market size was estimated at USD 95.57 billion in 2023 and is expected to grow at a CAGR of 4.7% from 2024 to 2030.

Key Companies & Market Share Insights

Global heat exchangers industry is characterized by presence of multinational as well as regional players that are engaged in designing, manufacturing, and distributing these products. Product manufacturers strive to obtain a competitive edge over their competitors by increasing application scope of their products.

Strategies adopted by manufacturers include new product development, diversification, mergers & acquisitions, and geographical expansion. These strategies aid the companies in expanding their market penetration and catering to changing technological demand across various end-use industries.

Key Heat Exchangers Companies:

• Alfa Laval

• Danfoss

• Kelvion Holding GmbH

• Güntner Group GmbH

• Xylem Inc

• API Heat Transfer

• Mersen

• Hisaka Works, Ltd.

• Chart Industries, Inc

• Johnson Controls International

• HRS Heat Exchangers

• SPX FLOW, Inc.

• Funke Wärmeaustauscher Apparantebau GmbH

• Koch Heat Transfer Company

• Southern Heat Exchanger Corporation

Recent Developments:

• For instance, in April 2023, Kelvion launched dedicated air cooler series for natural refrigerants. The CDF & CDH ranges are dual discharge air coolers highlighting a similar proficient tube system.

• In May 2023, Alfa Laval is enhancing its brazed plate heat exchanger capacity to bolster the global energy transition. The establishment of new facilities in Italy, China, Sweden, and the U.S. signifies significant progress in their initiative to advance manufacturing intelligence and efficiency throughout the entire supply chain.

• In January 2021, Alfa Laval, opened a new facility for the production of brazed heat exchangers in San Bonifacio, Italy. The new facility will have more capacity to fulfill the increasing customer demand.

Order a free sample PDF of the Heat Exchanger Market Intelligence Study, published by Grand View Research.

[top10listsindia]

Top 10 Heat Exchanger Manufacturers in India

Here’s a list of the top 10 heat exchanger manufacturers in India, along with a brief company description, key highlights (founded, headquarters, major products), and contact information:

Here is Top 10 Heat Exchanger Manufacturers in India

1. GEA India

Description: GEA is a global leader in heat exchangers, providing various solutions across various industries, including food processing, chemicals, and HVAC.

Founded: 1881

Headquarters: Vadodara, Gujarat

Major Products: Plate heat exchangers, shell and tube heat exchangers, air-cooled heat exchangers.

Contact: +91-265-2680723

2. Swastik Hydraulic

Description: Swastik Hydraulic is a leading company with a significant presence in India, specializing in heat transfer, separation, and fluid handling technology.

Founded: 1972 

Headquarters: Delhi, India

Major Products: Heat exchangers, Hydraulic Oil Coolers, Lube Oil Coolers, Water Cooled Condensers, Water Cooled Oil Coolers, Water Cooled Heat Exchanger, Shell and Tube Heat Exchangers, Industrial Heat Exchangers, Mild Steel Heat Exchangers... 

Contact: +91-9818001293

3. Thermax Limited

Description: Thermax is an Indian multinational company that offers a range of engineering solutions, including energy-efficient heat exchangers for various industrial applications.

Founded: 1966

Headquarters: Pune, Maharashtra

Major Products: Shell and tube heat exchangers, air-cooled heat exchangers, waste heat recovery systems.

Contact: +91-20-66051200

4. HRS Process Systems Ltd.

Description: HRS Process Systems is a leading manufacturer of heat exchangers in India, specializing in innovative heat transfer solutions for the chemical, food, and pharmaceutical industries.

Founded: 1989

Headquarters: Pune, Maharashtra

Major Products: Corrugated tube heat exchangers, plate heat exchangers, scraped surface heat exchangers.

Contact: +91-20-25663441

5. Kirloskar Brothers Limited

Description: Kirloskar Brothers Limited is a prominent engineering company in India, known for its advanced heat exchanger solutions used in power generation, marine, and industrial applications.

Founded: 1888

Headquarters: Pune, Maharashtra

Major Products: Shell and tube heat exchangers, plate heat exchangers, compact heat exchangers.

Contact: +91-20-27214444

6. Bharat Heavy Electricals Limited (BHEL)

Description: BHEL is one of India's largest public sector engineering and manufacturing enterprises, offering a wide range of heavy industrial equipment, including heat exchangers.

Founded: 1964

Headquarters: New Delhi

Major Products: Shell and tube heat exchangers, air preheaters, regenerative heat exchangers.

Contact: +91-11-66337000

7. Danfoss India

Description: Danfoss is a global leader in energy-efficient technologies, including advanced heat exchangers for HVAC, refrigeration, and industrial applications.

Founded: 1933 (Parent company)

Headquarters: Chennai, Tamil Nadu

Major Products: Brazed plate heat exchangers, micro plate heat exchangers, shell and tube heat exchangers.

Contact: +91-44-66501500

8. Swep India

Description: SWEP is a leading manufacturer of compact brazed plate heat exchangers, catering to a diverse range of applications, including HVAC, refrigeration, and industrial processes.

Founded: 1983 (Parent company)

Headquarters: Pune, Maharashtra

Major Products: Brazed plate heat exchangers, compact heat exchangers.

Contact: +91-20-66271100

9. Tranter India Pvt. Ltd.

Description: Tranter is known for its innovative heat exchanger technologies, providing customized solutions for various industries, including oil and gas, power, and chemicals.

Founded: 1932 (Parent company)

Headquarters: Pune, Maharashtra

Major Products: Plate heat exchangers, shell and tube heat exchangers, spiral heat exchangers.

Contact: +91-20-66758000

10. Sondex India

Description: Sondex is a part of Danfoss Group, specializing in high-quality heat exchanger solutions, particularly plate heat exchangers, used in various industrial applications.

Founded: 1984 (Parent company)

Headquarters: Navi Mumbai, Maharashtra

Major Products: Plate heat exchangers, brazed heat exchangers, all-welded heat exchangers.

Contact: +91-22-27837363

These Top 10 List of Heat Exchanger Manufacturers in India are among the top players in the heat exchanger industry, offering a wide range of products and services to meet diverse industrial needs.

This content is generated with AI.

[adityarana1687-blog]

Heat Exchangers Market Likely To Reach Beyond $26.26 Billion By 2030

The global heat exchangers market size is expected to reach USD 26.26 billion by 2030, registering at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand from various industries, including chemical & petrochemical, and power generation, along with an increasing focus on improving efficiency standards is expected to drive the market.

The presence of favorable government regulations in the emerging economies of China, India, Brazil, and Mexico about setting up new manufacturing facilities is expected to spur the demand for heat exchangers in various industries. In addition, upcoming nuclear power projects, particularly in the Asia Pacific, are anticipated to drive market growth during the forecast period.

Technological advancements coupled with constant efforts and investments by major market participants in product innovation and research & development are expected to increase the market competitiveness over the coming years. The adoption of novel techniques of additive manufacturing in the production of heat exchangers is likely to complement industrial growth.

The COVID-19 pandemic has severely impacted several economies worldwide. Containment measures, including lockdowns imposed by various countries to curb the spread of COVID-19, have resulted in limiting the operations of manufacturing facilities, thereby negatively impacting the demand for heat exchangers in 2020.

Request a free sample copy or view report summary: Heat Exchangers Market Report

Heat Exchangers Market Report Highlights

The demand for plate & frame heat exchangers is anticipated to witness growth at a CAGR of 6.1% from 2024 to 2030 on account of its simple & compact structure coupled with their ability to increase capacity easily by adding new plates to the system

The shell & tube segment led the market and accounted for 35.6% of the global revenue in 2023

Asia Pacific heat exchanger demand is likely to grow at a CAGR of 6.8% over the forecast period

The demand for heat exchangers in Saudi Arabia is expected to witness a CAGR of 4.5% owing to the presence of a robust oil & gas industry coupled with the growth in the manufacturing sector attributed to the government’s diversification efforts

Heat Exchangers Market Segmentation

Grand View Research has segmented the global heat exchangers market report based on product, end-use, material and region

Heat Exchangers Product Outlook (Revenue, USD Million, 2018 - 2030)

Plate & Frame Heat Exchanger

Brazed Plate & Frame Heat Exchanger

Gasketed Plate & Frame Heat Exchanger

Welded Plate & Frame Heat Exchanger

Others

Shell & Tube Heat Exchanger

Air-Cooled Heat Exchanger

Others

Heat Exchangers End-use Outlook (Revenue, USD Million, 2018 - 2030)

Chemical & Petrochemical

Oil & Gas

HVAC & Refrigeration

Power Generation

Food & Beverage

Pulp & Paper

Others

Heat Exchangers Material Outlook (Revenue, USD Billion, 2018 – 2030)

Metals

Alloys

Others

Heat Exchangers Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

Italy

Spain

UK

Asia Pacific

China

Japan

India

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

UAE

List of Key Players of Heat Exchanger Market

Alfa Laval

Danfoss

Kelvion Holding GmbH

Güntner Group GmbH

Xylem Inc.

API Heat Transfer

Mersen

Hisaka Works, Ltd.

Chart Industries, Inc.

Johnson Controls International

HRS Heat Exchangers

SPX FLOW, Inc.

Funke Wärmeaustauscher Apparantebau GmbH

Koch Heat Transfer Company

Southern Heat Exchanger Corporation

[sonali2345]

"Future-Proof Cooling: Strategies and Innovations Driving Brazed Plate Heat Exchange Growth" 

Brazed plate heat exchangers consist of a fixed set of high-quality embossed steel plates that are permanently bonded using a vacuum brazing process involving either copper or nickel. These heat exchangers are capable of enduring the most extreme operating pressures and temperatures due to their hermetic sealing, which eliminates the need for gaskets. With superior heat transfer performance, reliability, and cost-effectiveness, brazed plate heat exchangers are the optimal choice. The steel plates are hardened through the brazing process, ensuring remarkable durability and resistance to high pressures and temperatures. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-toc-and-sample/13211  

 The interstitial spaces between the plates serve as fluid flow channels, with odd-numbered channels for one fluid and even-numbered channels for the other. This arrangement facilitates efficient heat exchange across a large surface area, making brazed plate heat exchangers highly efficient. These heat exchangers enable effective heat transfer between media of varying temperatures, separated by channel plates that promote efficient heat exchange. Given their affordability and outstanding performance, brazed plate heat exchangers are ideal for various heat transfer applications. 

Market Analysis: 

Brazed plate heat exchangers are fabricated by pressing thin, corrugated stainless steel sheets together and bonding them with copper or nickel through a melting soldering material, creating a robust seal. 

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Key Report Metrics: 

Market Size (Years): 2020–2030 

Base Year: 2020 

Forecast Period: 2021–2030 

Forecast Unit: Value (USD) 

Segments Covered: Product, Application, End Use, Region 

Regions Covered: North America, Europe, Asia-Pacific, LAMEA 

Notable Companies: ALFA LAVAL, Kelvion Holding GmbH, SWEP International AB, Danfoss A/S, Xylem, API Heat Transfer, Chart Industries, Hisaka Works Ltd., Kaori Heat Treatment Co. Ltd., Paul Mueller Company, Baode Heat Exchanger Co Ltd., Barriquand Group, Boyd Corporation, Diversified Heat Transfer Inc., FUNKE HEAT EXCHANGER APPARATEBAU GmbH 

COVID-19 Impact Analysis: 

The global COVID-19 pandemic profoundly impacted various industries, including the brazed plate heat exchanger market. Government-enforced economic shutdowns led to decreased revenue in 2020, though a gradual recovery began in 2021. Safety measures implemented by governments resulted in reduced demand from production industries, hindering growth. Supply chains were disrupted due to restricted movement of non-essential goods, causing significant market setbacks. 

Key Influencing Factors: 

The brazed plate heat exchanger market is driven by factors such as increasing global construction activities, demand for compact, efficient, and flexible products, and widespread use in applications like floor heating, economizers, condensers, and more. The technology's versatility, coupled with increased R&D and industrialization, fosters growth opportunities. However, the product's immobility could impede market expansion. 

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Market Trends: 

Introduction of New Products: SWEP International A.D. launched the B427-Y model, expanding its brazed plate heat exchanger portfolio in 2019 to better cater to specific customer needs. 

Adoption in HVAC Industry: Brazed plate heat exchangers' compactness and efficiency have led to increased use in refrigeration and air conditioning, driven by technological advancements and demand for smaller, energy-efficient products. 

Emphasis on R&D: Companies are investing in research and development to introduce innovative products that meet consumer demands and establish market dominance. 

Strategic Acquisitions: Danfoss' acquisition of Sondex Holding A/S enhanced its product offerings and market position in brazed plate heat exchangers. 

Key Market Segments: 

Product: Single Circuit, Multi Circuit 

Application: Evaporator, Condenser, Economizer 

End Use: HVACR, Chemical, Food & Beverage, Power, Heavy Industries 

Region: North America, Europe, Asia-Pacific, LAMEA 

Report Highlights: 

Analytical depiction of the brazed plate heat exchangers industry, current trends, and future estimations for investment opportunities. 

Insights into key drivers, restraints, and opportunities, along with detailed market share analysis. 

Quantitative market analysis from 2020 to 2030, showcasing growth scenarios. 

Porter’s five forces analysis illustrating buyer and supplier influence. 

Detailed competitive analysis and insights into future competition trends. 

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Global Brazed Plate Heat Exchangers Market - Share, Growth, Trends, Size and Forecast 2021 - 2027

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Brazed plate heat exchangers are commonly designed to provide unmatched performance at the lowest life cycle cost by using the most efficient type of heat transfer. These types of heat exchangers are maintenance free, resist high-temperatures and can maintain extremely high design pressures. One of the main drivers of the market for brazed plate heat exchangers is the properties of BPHEs such as high efficiency, compactness, flexibility and economy. In addition, heat transfer rate is high with these heat exchangers, because of the large conductive surface area that is likely to increase fluid turbulence, which in turn increases the demand for brazed plate heat exchangers across the globe.

As per analysis, “Global Brazed Plate Heat Exchangers Market, 2021-2027” the key companies operating in the global brazed plate heat exchangers market include Danfoss A/S, Kelvion Holding GmbH, Alfa Laval AB, Dover Corporation, Xylem Inc., Boyd Corporation, HYDAC Group and among others. Manufacturers are mainly dedicated to optimize the performance of brazed plate heat exchangers through the development of advanced and proprietary technologies for instance Equalancer system and Dualaced technology.

Based on product type, brazed plate heat exchangers market can be segmented as single circuit and multi-circuit. Single circuit segment dominates the global market due to rise in demand for use in heat pumps & water heating applications. Additionally, multi-circuit segment is predicted to witness higher growth rate as it provides various advantages such as low maintenance cost, smaller footprint, and energy efficiency during the forecast period.  In addition, based on application, market can be segmented as industrial and HVAC. The HVACR industry is projected to grow fast caused by rise in demand from the global construction sector. The global construction sector is growing due to urbanization, globalization, rise in living standards, and growth in infrastructure development, increase in purchasing power parity (PPP) and rise in demand for megacities in the countries.

Increase in number of construction activities, followed by growth in technological advancements, rise in demand of the product due to high efficiency, compactness and flexibility, increase in use of HVACr systems and surge in usages of the product in economizers, condensers, floor heating, super-coolers and other industrial applications are some major factors, which are responsible for growth of the brazed plate heat exchangers market. Apart from this, non-movable nature of the product may impact the market. Moreover, rapid industrialization, growth in number of technological development and increase in research & development (R&D) activities are leading opportunities for market.

Based on geographic analysis, the Europe region is a prevalent region in the “Global Brazed Plate Heat Exchangers Market” owing to increase in levels of investment for the development of infrastructure across the region. The North-America and Asia-Pacific regions are anticipated to exhibit substantial growth rate due to growth in development of advanced infrastructure and rise in usages of the product in HVAC & industrial applications over the forecast period. It is projected that future of the global brazed plate heat exchangers market will be bright because of increase in number of construction activities coupled with rise in the per capita income of people during the forecast period.

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Global Brazed Plate Heat Exchangers Market Research Report

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