Market Overview:
The global fully welded plate heat exchangers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient equipment across various industries and the growing need for compact and efficient heat exchangers. The global fully welded plate heat exchangers market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into plate-and-block HEs and plate-and-shell HEs. Plate-and-block HEs are more popular than other types of HEs owing to their high efficiency and low pressure drop across the plates. On the basis of application, oil & gas accounted for a major share of this market in 2017 owing to its growing demand for energy aroundthe world.
Product Definition:
A Fully Welded Plate Heat Exchanger is a device used to transfer heat between two fluid streams. It is made up of a series of plates that are welded together, with the fluids flowing through the small gaps between the plates. This type of heat exchanger is important because it can handle high pressures and temperatures, making it ideal for use in industrial applications.
Plate-and-Block HE:
The global fully welded plate heat exchangers market size was valued at USD 3.5 billion in 2016 and is expected to witness a significant growth owing to the rising demand for petrochemical feedstock across various end-use industries including chemical, oil & gas, power generation, and automotive. The growing importance of waste heat recovery applications in the industrial sector is also anticipated to drive industry growth over the forecast period.
Plate-and-Shell HE:
The plate-and-shell heat exchangers are used in various industrial processes such as petrochemical, chemical, food and beverage processing industries. The HE equipment is widely used to provide thermal stability during the heating or cooling process. These exchangers are manufactured using different materials including mild steel and stainless steel plates along with a variety of shells including round, octagonal and hexagonal among others.
Application Insights:
The oil and gas industry dominated the global fully welded plate heat exchangers market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for petroleum products across various end-use industries, including automotive, construction and building materials, etc. In addition, growing investments by foreign companies in upstream oil & gas activities coupled with increasing exploration activities are anticipated to drive the product demand over the coming years.
Petrochemicals was another prominent application segment accounting for a significant market share in 2017 due largely to high product utilization at multiple stages of petrochemical production such as crude oil processing plants, catalytic reforming units (CRU), olefins manufacturing facilities and polyolefins plants among others. Growing industrialization & urbanization have led to an increased need for housing resulting into higher construction spending which has further driven consumption of these exchangers at a rapid pace across various projects globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing energy demand in emerging economies, such as China and India. In addition, rising government initiatives for the development of infrastructure are likely to drive the product demand over the forecast period.
The European region accounted for 24% of global fully welded plate heat exchangers market share in 2017 on account of high product penetration rates in industries including oil and gas, chemical industry, power generation, etc. The presence of major steel producers across Europe has resulted in high availability offully welded plate heat exchangersin this region which is further anticipatedto boost its growth over next eight years.
North America was valued at USD X million in 2017 on account both volume as well as revenue generation by countries like U.S., Canada among others which have higher penetration rates comparedto other countries globally.
Growth Factors:
- Increasing demand for energy efficient devices: The global market for plate heat exchangers is expected to grow at a CAGR of more than 5% from 2016 to 2020. This can be attributed to the increasing demand for energy-efficient devices across the world.
- Rising investments in industrial infrastructure: The growth of the industrial sector is fueling the demand for plate heat exchangers, as these devices are used extensively in various industries such as oil and gas, power generation, and chemical processing, among others.
- Technological advancements: The development of new technologies has led to the introduction of advanced plate heat exchanger designs that offer improved performance and efficiency. This is likely to boost the growth of this market in the coming years.
- Growing awareness about energy conservation: There is a growing awareness among consumers about conserving energy and using efficient devices that can help reduce greenhouse gas emissions significantly .This is expected to drive demand for plate heat exchangers in the near future . 5) Stringent environmental regulations worldwide : Stringent environmental regulations worldwide are compelling companies operating in various industries sectors adopt more fuel-efficient technologies , which will indirectly spur growth prospects for Fully Welded Plate Heat Exchanger market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Fully Welded Plate Heat Exchangers Market Research Report
By Type
Plate-and-Block HE, Plate-and-Shell HE
By Application
Oil and Gas, Petrochemicals, Food and Beverage, Pulp & Paper, Chemical Industry, Power Industry, Others
By Companies
Danfoss, Alfa Laval, Ziemex, Kelvion, Nexson Group, Barriquand, GEA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Fully Welded Plate Heat Exchangers Market Report Segments:
The global Fully Welded Plate Heat Exchangers market is segmented on the basis of:
Types
Plate-and-Block HE, Plate-and-Shell HE
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Petrochemicals, Food and Beverage, Pulp & Paper, Chemical Industry, Power Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss
- Alfa Laval
- Ziemex
- Kelvion
- Nexson Group
- Barriquand
- GEA
Highlights of The Fully Welded Plate Heat Exchangers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plate-and-Block HE
- Plate-and-Shell HE
- By Application:
- Oil and Gas
- Petrochemicals
- Food and Beverage
- Pulp & Paper
- Chemical Industry
- Power Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fully Welded Plate Heat Exchangers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fully welded plate heat exchanger is a type of heat exchanger that uses a series of welded plates to transfer thermal energy between two fluids. This type of heat exchanger is often used in industrial applications where high temperatures and pressures are required.
Some of the key players operating in the fully welded plate heat exchangers market are Danfoss, Alfa Laval, Ziemex, Kelvion, Nexson Group, Barriquand, GEA.
The fully welded plate heat exchangers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fully Welded Plate Heat Exchangers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fully Welded Plate Heat Exchangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fully Welded Plate Heat Exchangers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fully Welded Plate Heat Exchangers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fully Welded Plate Heat Exchangers Market Size & Forecast, 2020-2028
4.5.1 Fully Welded Plate Heat Exchangers Market Size and Y-o-Y Growth
4.5.2 Fully Welded Plate Heat Exchangers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Plate-and-Block HE
5.2.2 Plate-and-Shell HE
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Petrochemicals
6.2.3 Food and Beverage
6.2.4 Pulp & Paper
6.2.5 Chemical Industry
6.2.6 Power Industry
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fully Welded Plate Heat Exchangers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fully Welded Plate Heat Exchangers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Plate-and-Block HE
9.6.2 Plate-and-Shell HE
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Petrochemicals
9.10.3 Food and Beverage
9.10.4 Pulp & Paper
9.10.5 Chemical Industry
9.10.6 Power Industry
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Plate-and-Block HE
10.6.2 Plate-and-Shell HE
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Petrochemicals
10.10.3 Food and Beverage
10.10.4 Pulp & Paper
10.10.5 Chemical Industry
10.10.6 Power Industry
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Plate-and-Block HE
11.6.2 Plate-and-Shell HE
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Petrochemicals
11.10.3 Food and Beverage
11.10.4 Pulp & Paper
11.10.5 Chemical Industry
11.10.6 Power Industry
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Plate-and-Block HE
12.6.2 Plate-and-Shell HE
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Petrochemicals
12.10.3 Food and Beverage
12.10.4 Pulp & Paper
12.10.5 Chemical Industry
12.10.6 Power Industry
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Plate-and-Block HE
13.6.2 Plate-and-Shell HE
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Petrochemicals
13.10.3 Food and Beverage
13.10.4 Pulp & Paper
13.10.5 Chemical Industry
13.10.6 Power Industry
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fully Welded Plate Heat Exchangers Market: Competitive Dashboard
14.2 Global Fully Welded Plate Heat Exchangers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss
14.3.2 Alfa Laval
14.3.3 Ziemex
14.3.4 Kelvion
14.3.5 Nexson Group
14.3.6 Barriquand
14.3.7 GEA
