Market Overview:
The global metal plate heat exchanger market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient equipment and rising awareness about energy conservation. In addition, the growing demand for metal plate heat exchangers from various end-use industries is also contributing to the growth of the market. Based on type, the global metal plate heat exchanger market can be segmented into aluminum type and stainless steel type. The aluminum type segment is projected to grow at a higher CAGR than the stainless steel type segment during the forecast period. This growth can be attributed to its properties such as light weight, corrosion resistance, and thermal conductivity that make it suitable for use in various applications such as petrochemical industry, electric power & metallurgy industry, shipbuilding industry, mechanical industry etc., where high performance is required.
Product Definition:
A metal plate heat exchanger is a device that uses metal plates to transfer heat between two fluids. The importance of metal plate heat exchangers is that they are compact, efficient, and can be used in a variety of applications.
Aluminum Type:
Aluminum is a metal that has the ability to easily allow heat transfer. It also has high thermal conductivity, which makes it an ideal material for use in various applications such as exchangers and heat exchangers. Aluminum alloys are widely used in oil & gas industry for various applications such as pipeline transport, production process, refining process and power generation plant among others.
The global metal plate heat exchanger market size was valued at USD 8.5 billion in 2016.
Stainless Steel Type:
Stainless steel type is a alloy of iron, chromium, nickel and titanium. It has the highest strength and ductility among all metals. Stainless steel is resistant to corrosion due to its high content of chromium and low carbon content. Ductility refers to ability of the metal to be bent; while toughness refers to resistance from breaking or cracking.
Application Insights:
Petrochemical industry emerged as the largest application segment in 2017 and accounted for a market share of over 35% by 2030. The growth can be attributed to rising demand for metal plates from various sectors such as oil & gas, chemical, energy, marine among others. Petrochemical industry is anticipated to witness significant growth on account of increasing global production levels coupled with growing population.
Electric power & metallurgy emerged as the second-largest application segment in 2017 and was valued at USD 1.5 billion that year owing to high product demand from electric power generation plants across the globe.
Regional Analysis:
Asia Pacific dominated the global metal plate heat exchangers market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising population, and rapid urbanization & infrastructure development. In addition, growing demand for energy due to increasing population has led governments across various countries in APAC region to adopt various initiatives for the adoption of renewable sources of energy such as solar panels & thermal storage systems. This is also likely to drive industry expansion over the next eight years.
Europe was estimated at USD X million in 2017 owing with high consumption levels of metal plates heat exchangers across several industries including petrochemical, electric power & metallurgy, mechanical industry shipbuilding etc., which are majorly based out of Germany France Italy Spain U K Poland Russia Turkey Ukraine Greece Portugal And Montenegro among other Eastern European countries that were partKGZB)Russia) Of EU until March 2016).
Growth Factors:
- Increasing demand for energy efficient devices: The global market for metal 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 renewable energy: Metal plate heat exchangers are extensively used in renewable energy applications such as solar thermal, biomass, and geothermal power plants owing to their high efficiency and reliability. This is likely to boost the growth of the global metal plate heat exchanger market during the forecast period.
- Growing popularity of data centers: The use of metal plate heat exchangers in data centers is growing rapidly due to their ability to provide high cooling capacity with low noise levels and low power consumption rates. This is likely to propel the growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Plate Heat Exchanger Market Research Report
By Type
Aluminum Type, Stainless Steel Type
By Application
Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry, Other Applications
By Companies
Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, Alfa Laval, Thermowave, Hisaka, SWEP, LARSEN & TOUBRO, Accessen
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Metal Plate Heat Exchanger Market Report Segments:
The global Metal Plate Heat Exchanger market is segmented on the basis of:
Types
Aluminum Type, Stainless Steel Type
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
Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Central Heating, Food Industry, Other Applications
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:
- Alfa Laval
- Kelvion (GEA)
- SPX Corporation
- IHI
- Danfoss (Sondex)
- SPX-Flow
- DOOSAN
- API
- KNM
- Funke
- Alfa Laval
- Thermowave
- Hisaka
- SWEP
- LARSEN & TOUBRO
- Accessen
Highlights of The Metal Plate Heat Exchanger 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:
- Aluminum Type
- Stainless Steel Type
- By Application:
- Petrochemical
- Electric Power & Metallurgy
- Shipbuilding Industry
- Mechanical Industry
- Central Heating
- Food Industry
- Other Applications
- 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 Metal Plate Heat Exchanger 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
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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 metal plate heat exchanger is a device used to transfer thermal energy from one medium (usually a liquid) to another medium (usually air). The metal plates are usually made of copper, aluminum, or steel and are placed in direct contact with the two media. The heat exchange process occurs between the two media due to their different temperatures.
Some of the major players in the metal plate heat exchanger market are Alfa Laval, Kelvion (GEA), SPX Corporation, IHI, Danfoss (Sondex), SPX-Flow, DOOSAN, API, KNM, Funke, Alfa Laval, Thermowave, Hisaka, SWEP, LARSEN & TOUBRO, Accessen.
The metal plate heat exchanger 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 Metal Plate Heat Exchanger 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 Metal Plate Heat Exchanger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Plate Heat Exchanger 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 Metal Plate Heat Exchanger 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 Metal Plate Heat Exchanger Market Size & Forecast, 2020-2028
4.5.1 Metal Plate Heat Exchanger Market Size and Y-o-Y Growth
4.5.2 Metal Plate Heat Exchanger 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 Aluminum Type
5.2.2 Stainless Steel Type
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 Petrochemical
6.2.2 Electric Power & Metallurgy
6.2.3 Shipbuilding Industry
6.2.4 Mechanical Industry
6.2.5 Central Heating
6.2.6 Food Industry
6.2.7 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Plate Heat Exchanger 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 Metal Plate Heat Exchanger 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 Aluminum Type
9.6.2 Stainless Steel Type
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 Petrochemical
9.10.2 Electric Power & Metallurgy
9.10.3 Shipbuilding Industry
9.10.4 Mechanical Industry
9.10.5 Central Heating
9.10.6 Food Industry
9.10.7 Other Applications
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 Aluminum Type
10.6.2 Stainless Steel Type
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 Petrochemical
10.10.2 Electric Power & Metallurgy
10.10.3 Shipbuilding Industry
10.10.4 Mechanical Industry
10.10.5 Central Heating
10.10.6 Food Industry
10.10.7 Other Applications
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 Aluminum Type
11.6.2 Stainless Steel Type
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 Petrochemical
11.10.2 Electric Power & Metallurgy
11.10.3 Shipbuilding Industry
11.10.4 Mechanical Industry
11.10.5 Central Heating
11.10.6 Food Industry
11.10.7 Other Applications
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 Aluminum Type
12.6.2 Stainless Steel Type
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 Petrochemical
12.10.2 Electric Power & Metallurgy
12.10.3 Shipbuilding Industry
12.10.4 Mechanical Industry
12.10.5 Central Heating
12.10.6 Food Industry
12.10.7 Other Applications
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 Aluminum Type
13.6.2 Stainless Steel Type
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 Petrochemical
13.10.2 Electric Power & Metallurgy
13.10.3 Shipbuilding Industry
13.10.4 Mechanical Industry
13.10.5 Central Heating
13.10.6 Food Industry
13.10.7 Other Applications
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 Metal Plate Heat Exchanger Market: Competitive Dashboard
14.2 Global Metal Plate Heat Exchanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfa Laval
14.3.2 Kelvion (GEA)
14.3.3 SPX Corporation
14.3.4 IHI
14.3.5 Danfoss (Sondex)
14.3.6 SPX-Flow
14.3.7 DOOSAN
14.3.8 API
14.3.9 KNM
14.3.10 Funke
14.3.11 Alfa Laval
14.3.12 Thermowave
14.3.13 Hisaka
14.3.14 SWEP
14.3.15 LARSEN & TOUBRO
14.3.16 Accessen
