#Global Brazed Plate Heat Exchangers Industry
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Heat Exchangers Market 2024: Industry Analysis and Opportunity Assessment, Forecast to 2030
Heat Exchangers Industry Overview
The globalĀ heat exchangers market sizeĀ 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.Ā
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 inĀ petrochemicalĀ 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 inĀ 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'sĀ 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 globalĀ industrial fasteners market sizeĀ 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
GĆ¼ntner Group GmbH
Xylem Inc
API Heat Transfer
Mersen
Hisaka Works, Ltd.
Chart Industries, Inc
Johnson Controls International
HRS Heat Exchangers
SPX FLOW, Inc.
Funke WƤrmeaustauscher 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.
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Heat Exchangers Market Analysis, Opportunities And Forecast Report 2024-2030
The globalĀ heat exchangers marketĀ 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.Ā
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 theĀ 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)
ā¢ Plate & Frame Heat Exchanger
ā¢ Brazed Plate & Frame Heat Exchanger
ā¢ Gasketed Plate & Frame Heat Exchanger
ā¢ Welded Plate & Frame Heat Exchanger
ā¢ Others
ā¢ Shell & Tube Heat Exchanger
ā¢ Air-Cooled Heat Exchanger
ā¢ Others
End-use Outlook (Revenue, USD Billion, 2018 - 2030)
ā¢ Chemical & Petrochemical
ā¢ Oil & Gas
ā¢ HVAC & Refrigeration
ā¢ Power GenerationFood & Beverage
ā¢ Pulp & Paper
ā¢ Others
Material Outlook (Revenue, USD Billion, 2018 - 2030)
ā¢ Metals
ā¢ Alloys
ā¢ Others
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
ļæ½ļæ½ North America
o U.S.
o Canada
o Mexico
ā¢ Europe
o Germany
o France
o Italy
o Spain
o UK
ā¢ Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
ā¢ Central & South America
o Brazil
o Argentina
ā¢ Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
Browse through Grand View Research'sĀ Advanced Interior Materials IndustryĀ Research Reports.
ā¢ The globalĀ wood plastic composites marketĀ 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.
ā¢ The globalĀ industrial fasteners marketĀ 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:
ā¢ Alfa Laval
ā¢ Danfoss
ā¢ Kelvion Holding GmbH
ā¢ GĆ¼ntner Group GmbH
ā¢ Xylem Inc
ā¢ API Heat Transfer
ā¢ Mersen
ā¢ Hisaka Works, Ltd.
ā¢ Chart Industries, Inc
ā¢ Johnson Controls International
ā¢ HRS Heat Exchangers
ā¢ SPX FLOW, Inc.
ā¢ Funke WƤrmeaustauscher Apparantebau GmbH
ā¢ Koch Heat Transfer Company
ā¢ Southern Heat Exchanger Corporation
Recent Developments:
ā¢ For instance,Ā 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.
ā¢ 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.
ā¢ 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 PDFĀ of the Heat Exchanger Market Intelligence Study, published by Grand View Research.
#Heat Exchanger Market#Heat Exchanger Industry#Heat Exchanger Market size#Heat Exchanger Market share#Heat Exchanger Market analysis
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Top 10 Heat Exchanger Manufacturers in India
Hereās 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: 1972Ā
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...Ā
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.
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Heat Exchangers Market Likely To Reach Beyond $26.26 Billion By 2030
The globalĀ heat exchangers marketĀ 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.Ā 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:Ā 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 governmentās 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 ExchangersĀ Material Outlook (Revenue, USD Billion, 2018 ā 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
GĆ¼ntner Group GmbH
Xylem Inc.
API Heat Transfer
Mersen
Hisaka Works, Ltd.
Chart Industries, Inc.
Johnson Controls International
HRS Heat Exchangers
SPX FLOW, Inc.
Funke WƤrmeaustauscher Apparantebau GmbH
Koch Heat Transfer Company
Southern Heat Exchanger Corporation
#Heat Exchangers Market#Heat Exchangers Market Analysis#Heat Exchangers Market Forecast#Heat Exchangers Market Share#Heat Exchangers Market Growth#Heat Exchangers Market Research#Heat Exchangers Market Trends#Heat Exchangers Market Size#Heat Exchangers Market Outlook
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"Future-Proof Cooling: Strategies and Innovations Driving Brazed Plate Heat Exchange Growth"Ā
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.Ā
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Ā 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.Ā
Market Analysis:Ā
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.Ā
Get a Customized Research Report @ https://www.alliedmarketresearch.com/request-for-customization/13211Ā
Key Report Metrics:Ā
Market Size (Years): 2020ā2030Ā
Base Year: 2020Ā
Forecast Period: 2021ā2030Ā
Forecast Unit: Value (USD)Ā
Segments Covered: Product, Application, End Use, RegionĀ
Regions Covered: North America, Europe, Asia-Pacific, LAMEAĀ
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 GmbHĀ
COVID-19 Impact Analysis:Ā
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.Ā
Key Influencing Factors:Ā
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.Ā
Ā Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/13211Ā
Market Trends:Ā
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.Ā
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.Ā
Emphasis on R&D: Companies are investing in research and development to introduce innovative products that meet consumer demands and establish market dominance.Ā
Strategic Acquisitions: Danfoss' acquisition of Sondex Holding A/S enhanced its product offerings and market position in brazed plate heat exchangers.Ā
Key Market Segments:Ā
Product: Single Circuit, Multi CircuitĀ
Application: Evaporator, Condenser, EconomizerĀ
End Use: HVACR, Chemical, Food & Beverage, Power, Heavy IndustriesĀ
Region: North America, Europe, Asia-Pacific, LAMEAĀ
Report Highlights:Ā
Analytical depiction of the brazed plate heat exchangers industry, current trends, and future estimations for investment opportunities.Ā
Insights into key drivers, restraints, and opportunities, along with detailed market share analysis.Ā
Quantitative market analysis from 2020 to 2030, showcasing growth scenarios.Ā
Porterās five forces analysis illustrating buyer and supplier influence.Ā
Detailed competitive analysis and insights into future competition trends.Ā
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Brazed Plate Heat Exchangers Market - Future Trends & Forecast 2024
The report "Brazed Plate Heat Exchangers MarketĀ by Application (Evaporator, Condenser, And Economizer), End-use Industry (HVACR, chemical, food & beverage, power, heavy industries, and others), and Region - Global Forecast to 2024"Ā The BPHEs market is expected to grow from USD 799 million in 2019 to USD 1,120 million by 2024, at a CAGR of 7.0%. The major factors driving the BPHEs market include growth of the global construction sector and increasing use of HVACR systems in the sector along with technological developments in BPHEs.
Download PDF Brochure of the report:Ā https://bit.ly/3V9n2Vx
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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, āGlobal Brazed Plate Heat Exchangers Market, 2021-2027ā 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. Ā 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 āGlobal Brazed Plate Heat Exchangers Marketā 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.
For More Information, refer to below link:-
Global Brazed Plate Heat Exchangers Market Research Report
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Brazed Plate Heat Exchangers Market Value Projected to Expand by 2027
Stratview Research has launched a new report on the Brazed Plate Heat Exchangers Market, which is segmented byĀ Product Type, byĀ Application Type, byĀ Material Type, and byĀ RegionĀ (North America, Europe, Asia-Pacific, and Rest of the World).
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The Brazed Plate Heat Exchangers Market is likely to witness an impressiveĀ CAGR of 6.7%Ā during the forecast period. The prime factor that is contributing to the demand for Brazed Plate Heat Exchangers is the increasing demand for Brazed Plate Heat Exchangers in various industries.
This report on the Brazed Plate Heat Exchangers Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Brazed Plate Heat Exchangers Market. The report intends to present a thorough analysis of the Brazed Plate Heat Exchangers Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Brazed Plate Heat Exchangers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Brazed Plate Heat Exchangers Market are-
Alfa Laval AB
Kelvion Holding GmbH
SWEP
Danfoss
Xylem Inc.
API Heat Transfer Inc.
Chart Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Brazed Plate Heat Exchangers Market value and growth drivers over the trend period of 2022-27. According to the report -
Brazed plate heat exchangers market is likely to witness an impressive CAGR of 6.5% during the forecast period. The prime factor that is contributing to the demand for brazed plate heat exchangers is mainly the increasing usage of HVACr systems in the global construction sector.
Based on End-Use Industry Type:
Based on the end-use industry type, the brazed plate heat exchangers market is segmented as HVACr, chemical, food & beverages, power, heavy industries, and others. The HVACr industry is expected to remain the fastest-growing segment of the market, owing to increase in demand from the global construction sector. Further, the construction sector is growing due to increase in globalization, urbanization, rising standard of living, increasing purchasing power of parity (PPP), infrastructural development, and increasing need for construction of megacities in emerging countries, which in turn, is propelling the growth of the segment during the forecast period.
Based on Region:
In terms of regions, Europe is estimated to be the largest brazed plate heat exchangers market during the forecast period, owing to the large industrial base in this region. The growth of the market is driven by the presence of a large number of brazed plate heat exchanger manufacturers, growth of the HVACr end-use industry, which is generating huge demand for brazed plate heat exchangers in the European region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Brazed Plate Heat Exchangers Market Getting Back To Stellar Growth Ahead
The global brazed plate heat exchangers market will exhibit a growth rate of 7.1% during the forecast period, 2020 to 2024.
The production process requires high technology to purify raw materials or extract the necessary components. Hence, the adoption of new technologies has been accelerated in recent years to reduce production costs and increase the output per unit cost, which would further drive the brazed plate heat exchangers market in the coming years.
The report by ResearchMoz provides a SWOT analysis to understand the current situation and identify critical opportunities for the market players. The report also discusses the key strategies and expected outcomes for the market players.
Power Plants Drive the Brazed Plate Heat Exchangers Market
Heat exchangers are commonly used in power generation plants to efficiently remove waste heat from water or air to be reused again instead of being released into the atmosphere as CO2. The rising demand for heat exchangers is expected to surge in the coming years, owing to rapid industrialization and urbanization, thus allowing the global brazed plate heat exchangers market in the coming years.
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Demand for Sustainability to Boost the Sales of Brazed Plate Heat Exchangers Market
The increasing support from the government to use heat exchangers to reduce carbon emission and increase sustainability is expected to drive the brazed plate heat exchangers market in the coming years. The rising awareness regarding the importance of the environment and health hazards has increased the demand for brazed plate heat exchangers. An increase in the consumption of natural resources is a major factor accelerating the brazed plate heat exchangers market growth.
Analysts View
Heat exchangers are commonly used in power generation plants to efficiently remove waste heat from water or air so that it can be reused again instead of being released into the atmosphere as CO2. The rising demand for heat exchangers is expected in the coming few years due to rising industrialization and technological advancements. Advancements in the construction sector to reduce the cost and create an efficient environment for the growth of the brazed plate heat exchangers market are one of the major drivers.
Key Takeaways
According to the report, the global brazed plate heat exchangers market will see a 7.1% growth between 2020 and 2024.
Rising investment in the renewable energy sector is expected to drive market growth.
They are efficient at handling high temperatures, are simple to construct, and are available in various sizes. They are utilized in industrial processes, geothermal power generation, chemical and petrochemical production, food and beverage manufacturing, oil and gas extraction, etc. These features will drive the global blazed heat exchangers market.
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Table Of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations
2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations
3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.8. PESTLE and Porterās Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics
4. Global Brazed Plate Heat Exchangers Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis
Continueā¦
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Heat Exchanger Market by Type, Application and Region 2018-2025
The global heat exchanger market is projected to surpass USD 26 billion by 2025, driven by its huge demand in various end-use industries. Rapid energy infrastructure expansion coupled with the growing emphasis on lowering heat energy costs in industries by increasing energy efficiency are some of the key market drivers for the growth of the global heat exchanger market.
Heat exchangers market share varies with regions owing to significant investments in the chemical, petrochemical, hear ventilation air-conditioning & refrigeration (HVACR), food & beverage and power generation. The rapid growth of process and discrete industries and their manufacturing operations globally are expected to expand the market growth. Rising demand for HVAC equipment in developing economies such as India and China significantly contribute to the demand over the forecast period. Other driving factors include heavy investments in the marine shipbuilding market, which has also catered to increased demand for heat exchangers.
In 2017, plate & frame heat exchangers market accounted for approximately 25% of the global heat exchanger market share. Plate & frame heat exchangers are further segmented into gasketed, brazed and welded heat exchangers. Plate heat exchangers are widely used in the processing of oil & natural gas such as refining, processing, transportation and storage. Additionally, these heat exchangers maintain temperature changes in natural gas, liquefaction plants and manufacturing industries and are expected to pose a lucrative opportunity for market growth over the next few years.
Chemical application segment is expected to rise with a fast-paced CAGR of 5.5% over the forecast period. The chemical industry involves a series of processes such as heating, cooling, condensation, evaporation and separation. These processes undergo massive heat recovery occurring through cooling and heating of acids, caustic solutions and water solutions. This has led to an increased demand for heat exchangers in the chemical industry and therefore acts as one of the key driving factors for the growth of this application segment. Also, rising consumer purchasing power, particularly in developing countries of Asia Pacific and Latin America, is driving demand for chemicals and the products made from them.
Asia Pacific is projected to be the leader within the global heat exchangers market and maintain its prominence over the forecast period. Immense investments in the renewable energy sector have catered to massive growth opportunities for heat exchangers in this region. Increasing industrial activities in developing Asian countries such as China and India further leads to the adoption of better energy-saving equipment.
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Plate and Frame Heat Exchangers Market - Global Industry Outlook Research Report 2022-2028 Added By DecisionDatabases
The global Plate and Frame Heat Exchangers Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vitalrole in the market. These factors encompass the drivers, restraints, and opportunities. This global industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2022-2028.
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Global Plate and Frame Heat Exchangers Market Segmentation By Type:
Gasketed Heat Exchangers
Brazed Heat Exchangers
Welded Heat Exchangers
Global Plate and Frame Heat Exchangers Market Segmentation By Applications:
HVAC & Cooling
Oil & Gas
Power Generation
Chemical
Food & Beverage
Manufacturing
Global Plate and Frame Heat Exchangers Market Segmentation By Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
The Middle East and Africa (Turkey, GCC, Rest of Middle East)
Global Plate and Frame Heat Exchangers Market Players Profiled in the report (can be customized):
Alfa Laval
Kelvion
Danfoss
SWEP
Spx Flow
Hisaka Works
GU & THT
Xylem
API Heat Transfer
FUNKE
Siping ViEX
Kaori Heat Treatment
LS Heat Exchange
GĆ¼ntner Group
Cipriani Heat Exchangers
Ningbo Hrale
HRS Heat Exchangers
Others
The Global Plate and Frame Heat Exchangers Market Report includes market data for the years 2016 to 2026. The research provides an overview of the market, including key drivers and risk factors. It also assesses the competitive landscape of the major players. The research is expanded to include regional market statistics as well as type and application information. From 2021 through 2026, the research anticipates sales and revenue. The report also goes over the sales route in detail.
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The report covers answers for the below questions ā
What is the future scope of Plate and Frame Heat Exchangers market?
What is the anticipated growth of the Plate and Frame Heat Exchangers market in the next six years?
Which region/ country will register the highest growth in the Plate and Frame Heat Exchangers market in the coming years?
What are the Plate and Frame Heat Exchangers market opportunities, its driving forces, and market risks?
Which are the sales/revenue/global market share of key Plate and Frame Heat Exchangers manufacturers since the last two years?
What is the Plate and Frame Heat Exchangers competitive situation in terms of sales, revenue, and global market share of top Plate and Frame Heat Exchangers manufacturers?
What are the Plate and Frame Heat Exchangers Industry sales, revenue, and growth data for North America, Europe, Asia Pacific, Latin America, and Middle-East and Africa?
What are the sales and revenue data by type and application, with sales market share and growth rate by type, application for the year 2015-2020?
What are the sales and revenue forecast data by type and application for the year 2021-2026?
What are the prominent Plate and Frame Heat Exchangers sales channel, distributors, and customers?
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#Plate and Frame Heat Exchangers Market#Plate and Frame Heat Exchangers Market Report#Plate and Frame Heat Exchangers Market Research Report#Plate and Frame Heat Exchangers Market Size
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Heat Exchanger Market To Surge Beyond $23.5 Billion By 2028
The global heat exchanger market size is anticipated to reach USD 23.5 billion by 2028, expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Growing demand for energy in HVAC and refrigeration, power generation, and chemical industries, especially in developing economies including India, Brazil, and China anticipated to complement the market.
Energy infrastructure expansion coupled with increasing demand from the power generation sector is projected to drive the market. The market is characterized by technological innovation along with a rising focus to improve efficiency standards. These factors are likely to lower total ownership costs and increase the durability and efficiency of the exchangers over the coming years.
Heat exchangers are used in the manufacturing of chemicals in the chemical industrial production. In an industrial process, the device is used for cooling, heating, and mixing a substance at a temperature. The rapid expansion of the chemical industry is expected to act as a major factor in steering market growth.
The industry rivalry is expected to be high over the forecast period owing to the presence of numerous competitors of equal size and market share. The market is fragmented in nature with many major companies. Generic strategies employed by these companies include production capacity expansion and new technology innovation.
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Heat Exchanger Market Report Highlights
The shell and tube segment accounted for the market share of 35.9% in 2019 on account of increasing demand of product in numerous end-use industries including chemical, power generation, and oil and gas
The chemical end-use segment is expected to grow with a robust pace, registering a CAGR of 4.2% from 2020 to 2028 owing to rapid expansion in the chemical industry in Asia specifically in China and India
In Europe, the market was valued at USD 5.7 billion in 2019 and projected to have a moderate growth over the forecast period owing to growth in the chemical industries and rise in demand of power generation
Asia Pacific is anticipated to emerge as the fastest growing regional segment accounting for over 32.9% by 2028 owing to the increasing construction activities along with increase in chemical industries and rise in demand for energy in the region
Key players in the market are focusing on several strategies including new product developments, expansions, partnerships, and joint ventures
Heat Exchanger Market Segmentation
Grand View Research has segmented the global heat exchanger market on the basis of product, end use, and region:
Heat Exchanger Product Outlook (Revenue, USD Million, 2017 - 2028)
Plate & frame heat exchanger
Brazed
Gasketed
Welded
Others
Shell & tube heat exchanger
Air-cooled heat exchanger
Others
Heat Exchanger End-Use Outlook (Revenue, USD Million, 2017 - 2028)
Chemical
Food & Beverage
HVAC & refrigeration
Oil & Gas
Power Generation
Pulp & Paper
Others
Heat Exchanger Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
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 Holdings
Xylem
Hindustan-Dorr
HRS Heat Exchanger Ltd.
GĆ¼ntner GmbH & Co. KG
Hisaka Works Ltd.
PI Heat Transfer
SPX Corporation
Johnson Controls International
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Plate & Frame Heat Exchangers Market Worth $5.67 Billion By 2027 | Global and Regional Forecast | Grand View Research, Inc.
The globalĀ plate & frame heat exchangers marketĀ size is projected to reach USD 5.67 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 6.9% during the forecast period. Increasing demand for heat recovery utilities in the chemical; Heating, Ventilation, and Air Conditioning (HVAC); and food and beverage sectors is anticipated to bolster the growth.Ā
Stringent environmental regulations pertaining to greenhouse gas emissions coupled with rising concerns regarding oil price fluctuations are expected to upsurge the development in nuclear and renewable energy sectors. This, in turn, is anticipated to bolster the demand for plate and frame heat exchangers in the aforementioned sectors over the forecast period.
Widespread use of brazed plate heat exchangers in various applications such as heat pumps, district heating substations, and gas-fired boilers is expected to augment the market growth. The increasing product penetration in various applications can be attributed to the efficiency of the heat exchangers to transfer heat with less carbon footprint.
The rapidly growing power generation and petrochemical industries in the European economies such as Italy and Germany are expected to bolster the market growth. Furthermore, increasing use in oil and gas, automotive, pharmaceutical, and petrochemical industries owing to low leakage risk and high corrosion resistance is likely to propel the growth of the market for plate and frame heat exchangers in the forthcoming years.
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