Market Overview:
The global plate coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plate coolers from various end-use industries, such as chemical, metallurgical, power, food and medical industries. In addition, the growing demand for energy-efficient cooling systems is also contributing to the growth of this market. The frame cooler segment is expected to dominate the global plate coolers market during the forecast period owing to its high efficiency and low operating costs.
Product Definition:
A plate cooler is a device used to cool fluids. It consists of a number of plates made from metal or plastic, with a fluid passing between the plates. The cooler can be used to cool water, air or other fluids.
Frame Cooler:
The global frame cooler market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for energy-efficient cooling solutions across various end-use industries such as data centers, healthcare, and IT & telecom is anticipated to drive the growth of this industry over the forecast period.
Brazed Cooler:
Brazed cooler is a heat exchanger which is used to transfer heat from one fluid to another. It consists of two fluids, one of them being a coolant and the other being the heat source. The brazed cooler works on the principle that when two liquids are in contact with each other, there will be convection or radiant transfer of heat between them due to their different temperatures.
Application Insights:
The market is segmented by application into chemical industry, metallurgical industry, power industry, food and beverage industry medical industries and others. The chemical sector dominated the global plate coolers market in 2017 owing to the rising demand for chemicals across various end-use industries such as construction materials, automotive components and electronics. Plate chillers are used for cooling down of laboratory equipment that requires a temperature below 50°C (122°F).
The metalurgical sector is expected to grow at a significant rate over the forecast period due to increasing demand from emerging economies such as India China South Korea Brazil etc. In addition growing importance of steel in building & construction applications will fuel product demand over the next seven years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for plate heat exchangers from various end-use industries, such as chemical, metallurgical, power and food processing. China is one of the largest markets in this region owing to rapid industrialization along with increasing investments in infrastructure development.
The European market also held a significant share of global revenue in 2017 due to high demand for technologically advanced products coupled with stringent environmental regulations by regional governments regarding emission control systems and waste treatment plants. North America emerged as another promising regional market on account of growing emphasis on energy efficiency along with strict government regulations pertaining to carbon emissions into atmosphere from industrial sources. These factors are likely going to boost product demand over the next eight years or so in that region’s plate cooler industry outlook section below).
Growth Factors:
- Increasing demand for processed and packaged food products: The global processed food market is projected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is attributed to the increasing demand for convenience foods, which are easy-to-eat and do not require any preparation time. Plate coolers are used in the processing and packaging of these foods, thereby contributing to their growth.
- Rising disposable income: A rise in disposable income leads to an increase in spending on luxury items such as plate coolers, thereby driving their market growth. In addition, an increase in purchasing power enables consumers to purchase more expensive plate cooler models that offer better features and performance than cheaper ones.
- Technological advancements: The development of new technologies has led to the introduction of innovative plate cooler models that are more energy efficient and have a smaller footprint than traditional models. These advanced features are attracting consumers towards these products, thus propelling the market growth further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Plate Coolers Market Research Report
By Type
Frame Cooler, Brazed Cooler
By Application
Chemical Industry, Metallurgical Industry, Power Industry, Food Industry, Medical Industry, Other
By Companies
GEA Group, Kelvion Holding GmbH, ELMEGA, Coburn, DeLaval, Dairymaster, DAWREF, Paul Mueller Company, Cookstown Diary Services, GEA Farm Technologies, GEA Group, Exacta Manufacturing, Fabdec, AKG Thermal Systems
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Plate Coolers Market Report Segments:
The global Plate Coolers market is segmented on the basis of:
Types
Frame Cooler, Brazed Cooler
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
Chemical Industry, Metallurgical Industry, Power Industry, Food Industry, Medical Industry, Other
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:
- GEA Group
- Kelvion Holding GmbH
- ELMEGA
- Coburn
- DeLaval
- Dairymaster
- DAWREF
- Paul Mueller Company
- Cookstown Diary Services
- GEA Farm Technologies
- GEA Group
- Exacta Manufacturing
- Fabdec
- AKG Thermal Systems
Highlights of The Plate Coolers 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:
- Frame Cooler
- Brazed Cooler
- By Application:
- Chemical Industry
- Metallurgical Industry
- Power Industry
- Food Industry
- Medical Industry
- Other
- 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 Plate Coolers 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
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- 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 plate cooler is a device used to cool food. It consists of a metal or plastic plate that is placed in a container of cold water, and the air around the plate is cooled by evaporation.
Some of the major companies in the plate coolers market are GEA Group, Kelvion Holding GmbH, ELMEGA, Coburn, DeLaval, Dairymaster, DAWREF, Paul Mueller Company, Cookstown Diary Services, GEA Farm Technologies, GEA Group, Exacta Manufacturing, Fabdec, AKG Thermal Systems.
The plate coolers 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 Plate Coolers 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 Plate Coolers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plate Coolers 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 Plate Coolers 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 Plate Coolers Market Size & Forecast, 2018-2028
4.5.1 Plate Coolers Market Size and Y-o-Y Growth
4.5.2 Plate Coolers Market Absolute $ Opportunity
Chapter 5 Global Plate Coolers 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 Plate Coolers Market Size Forecast by Type
5.2.1 Frame Cooler
5.2.2 Brazed Cooler
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plate Coolers 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 Plate Coolers Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Metallurgical Industry
6.2.3 Power Industry
6.2.4 Food Industry
6.2.5 Medical Industry
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plate Coolers 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 Plate Coolers 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 Plate Coolers Analysis and Forecast
9.1 Introduction
9.2 North America Plate Coolers 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 Plate Coolers Market Size Forecast by Type
9.6.1 Frame Cooler
9.6.2 Brazed Cooler
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 Plate Coolers Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Metallurgical Industry
9.10.3 Power Industry
9.10.4 Food Industry
9.10.5 Medical Industry
9.10.6 Other
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 Plate Coolers Analysis and Forecast
10.1 Introduction
10.2 Europe Plate Coolers 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 Plate Coolers Market Size Forecast by Type
10.6.1 Frame Cooler
10.6.2 Brazed Cooler
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 Plate Coolers Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Metallurgical Industry
10.10.3 Power Industry
10.10.4 Food Industry
10.10.5 Medical Industry
10.10.6 Other
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 Plate Coolers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plate Coolers 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 Plate Coolers Market Size Forecast by Type
11.6.1 Frame Cooler
11.6.2 Brazed Cooler
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 Plate Coolers Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Metallurgical Industry
11.10.3 Power Industry
11.10.4 Food Industry
11.10.5 Medical Industry
11.10.6 Other
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 Plate Coolers Analysis and Forecast
12.1 Introduction
12.2 Latin America Plate Coolers 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 Plate Coolers Market Size Forecast by Type
12.6.1 Frame Cooler
12.6.2 Brazed Cooler
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 Plate Coolers Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Metallurgical Industry
12.10.3 Power Industry
12.10.4 Food Industry
12.10.5 Medical Industry
12.10.6 Other
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) Plate Coolers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plate Coolers 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) Plate Coolers Market Size Forecast by Type
13.6.1 Frame Cooler
13.6.2 Brazed Cooler
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) Plate Coolers Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Metallurgical Industry
13.10.3 Power Industry
13.10.4 Food Industry
13.10.5 Medical Industry
13.10.6 Other
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 Plate Coolers Market: Competitive Dashboard
14.2 Global Plate Coolers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GEA Group
14.3.2 Kelvion Holding GmbH
14.3.3 ELMEGA
14.3.4 Coburn
14.3.5 DeLaval
14.3.6 Dairymaster
14.3.7 DAWREF
14.3.8 Paul Mueller Company
14.3.9 Cookstown Diary Services
14.3.10 GEA Farm Technologies
14.3.11 GEA Group
14.3.12 Exacta Manufacturing
14.3.13 Fabdec
14.3.14 AKG Thermal Systems
