Market Overview:
The global plate heat exchangers 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 plate heat exchangers from the chemical, HVAC, food & beverage, and oil & gas industries is also contributing to the growth of this market. The global plate heat exchanger market can be segmented on the basis of type into brazed heat exchanger, gasketed plate and frame heat exchanger, welded plate and frame heat exchanger, and others. North America: The U.S.
Product Definition:
A plate heat exchanger (PHE) is a type of heat exchanger that uses metal plates to transfer heat between two fluids. The fluids flow through channels in the plates and are heated or cooled by the contact with the other fluid.
Plate heat exchangers are often used in industrial applications where there is a need to transfer large amounts of heat quickly. They are also used in commercial applications, such as HVAC systems, where energy efficiency is important.
Brazed Heat Exchanger:
Brazed heat exchangers are used in various applications such as chemical processing, petrochemical plants, power generation and others. They are also known as brazed plate heat exchangers or brazed-in plate heat exchanger. Brazed HE is a type of closed-loop system which includes a copper tube with an attached gas outlet at one end and is sealed at the other end with two plates of metalized thermal insulation.
Gasketed Plate and Frame Heat Exchanger:
A gasketed plate and frame heat exchanger is a closed vessel heat exchanger made up of two metal plates, which are joined by an elastomeric seal. The seal forms a watertight joint and provides thermal insulation between the plates. These vessels can be used in various applications including chemical processing, petrochemical processing, power generation industries among others.
Application Insights:
The demand for the product is expected to increase in the oil & gas industry owing to its application in various processes including steam, desalination and re-gasification. In addition, it is used in petrochemical plants as a heat exchanger for cooling down process oils. The rising need for upgrading and expanding facilities along with increasing exploration activities is anticipated to augment the product demand over the forecast period.
In terms of revenue, chemical emerged as the largest application segment while accounting for a share of 33% globally in 2017 owing to extensive usage across multiple industries such as fertilizers and chemicals among others. Plate type exchangers are widely used across all major industries worldwide due to their ability To meet diverse requirements on size (small or large), design flexibility (modular or monolithic) And installation options (floor standing or rack mounted).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies, such as China and India, coupled with increasing industrialization in these countries is anticipated to drive the demand for plate heat exchangers. Furthermore, rising energy consumption due to rapid urbanization and industrial growth across Asia Pacific has led to an increase in power generation activities which will further propel product demand.
The Middle East & Africa region is projected to witness significant growth over the forecast period owing to increasing oil & gas exploration activities across major countries such as Saudi Arabia and UAE. In addition, growing construction sector mainly driven by government initiatives aimed at improving infrastructure facilities especially water supply & sanitation will augment industry size over next eight years.
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 growth can be attributed to the increasing demand for energy efficient devices across the world.
- Rising awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and using eco-friendly products. This is driving the demand for plate heat exchangers, which are known for their high efficiency levels.
- Technological advancements: The development of new and innovative technologies has led to an increase in the efficiency levels of plate heat exchangers, thus boosting their popularity among consumers worldwide.
- Growing industrialization and urbanization: The growth in industrialization and urbanization across emerging economies is leading to an increase in the demand for heating, ventilation, and air conditioning (HVAC) systems, which use plate heat exchangers as a key component thereof.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Plate Heat Exchangers Market Research Report
By Type
Brazed Heat Exchanger, Gasketed Plate and Frame Heat Exchanger, Welded Plate and Frame Heat Exchanger, Others
By Application
Chemical, HVAC, Food & Beverage, Energy, Oil & Gas
By Companies
Danfoss, Kelvion, SPX FLOW, Alfa Laval, Xylem, AIC, Guntner, Hrs Heat Exchangers, Swep International, Tranter, Fischer Maschinen- und Apparatebau GmbH, Onda, Vitherm, BARRIQUAND, Sol-Tech, DFI, ENOVENETA, Fiorini, Cordivari, ZILMET, Tempco, Pacetti, Hisaka Works, API Heat Transfer, WCR, Wessels, Mueller
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Plate Heat Exchangers Market Report Segments:
The global Plate Heat Exchangers market is segmented on the basis of:
Types
Brazed Heat Exchanger, Gasketed Plate and Frame Heat Exchanger, Welded Plate and Frame Heat Exchanger, Others
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, HVAC, Food & Beverage, Energy, Oil & Gas
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
- Kelvion
- SPX FLOW
- Alfa Laval
- Xylem
- AIC
- Guntner
- Hrs Heat Exchangers
- Swep International
- Tranter
- Fischer Maschinen- und Apparatebau GmbH
- Onda
- Vitherm
- BARRIQUAND
- Sol-Tech
- DFI
- ENOVENETA
- Fiorini
- Cordivari
- ZILMET
- Tempco
- Pacetti
- Hisaka Works
- API Heat Transfer
- WCR
- Wessels
- Mueller
Highlights of The 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:
- Brazed Heat Exchanger
- Gasketed Plate and Frame Heat Exchanger
- Welded Plate and Frame Heat Exchanger
- Others
- By Application:
- Chemical
- HVAC
- Food & Beverage
- Energy
- Oil & Gas
- 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 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.
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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 heat exchanger is a device used to transfer heat between two or more plates. The plates are usually made of metal and have fins that help to dissipate the heat.
Some of the key players operating in the plate heat exchangers market are Danfoss, Kelvion, SPX FLOW, Alfa Laval, Xylem, AIC, Guntner, Hrs Heat Exchangers, Swep International, Tranter, Fischer Maschinen- und Apparatebau GmbH, Onda, Vitherm, BARRIQUAND, Sol-Tech, DFI, ENOVENETA, Fiorini, Cordivari, ZILMET, Tempco, Pacetti, Hisaka Works, API Heat Transfer, WCR, Wessels, Mueller.
The plate heat exchangers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Plate Heat Exchangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Plate Heat Exchangers Market Size & Forecast, 2018-2028
4.5.1 Plate Heat Exchangers Market Size and Y-o-Y Growth
4.5.2 Plate Heat Exchangers Market Absolute $ Opportunity
Chapter 5 Global Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Type
5.2.1 Brazed Heat Exchanger
5.2.2 Gasketed Plate and Frame Heat Exchanger
5.2.3 Welded Plate and Frame Heat Exchanger
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 HVAC
6.2.3 Food & Beverage
6.2.4 Energy
6.2.5 Oil & Gas
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Plate Heat Exchangers Analysis and Forecast
9.1 Introduction
9.2 North America Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Type
9.6.1 Brazed Heat Exchanger
9.6.2 Gasketed Plate and Frame Heat Exchanger
9.6.3 Welded Plate and Frame Heat Exchanger
9.6.4 Others
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 Heat Exchangers Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 HVAC
9.10.3 Food & Beverage
9.10.4 Energy
9.10.5 Oil & Gas
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 Heat Exchangers Analysis and Forecast
10.1 Introduction
10.2 Europe Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Type
10.6.1 Brazed Heat Exchanger
10.6.2 Gasketed Plate and Frame Heat Exchanger
10.6.3 Welded Plate and Frame Heat Exchanger
10.6.4 Others
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 Heat Exchangers Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 HVAC
10.10.3 Food & Beverage
10.10.4 Energy
10.10.5 Oil & Gas
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 Heat Exchangers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Type
11.6.1 Brazed Heat Exchanger
11.6.2 Gasketed Plate and Frame Heat Exchanger
11.6.3 Welded Plate and Frame Heat Exchanger
11.6.4 Others
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 Heat Exchangers Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 HVAC
11.10.3 Food & Beverage
11.10.4 Energy
11.10.5 Oil & Gas
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 Heat Exchangers Analysis and Forecast
12.1 Introduction
12.2 Latin America Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Type
12.6.1 Brazed Heat Exchanger
12.6.2 Gasketed Plate and Frame Heat Exchanger
12.6.3 Welded Plate and Frame Heat Exchanger
12.6.4 Others
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 Heat Exchangers Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 HVAC
12.10.3 Food & Beverage
12.10.4 Energy
12.10.5 Oil & Gas
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 Heat Exchangers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plate Heat Exchangers 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 Heat Exchangers Market Size Forecast by Type
13.6.1 Brazed Heat Exchanger
13.6.2 Gasketed Plate and Frame Heat Exchanger
13.6.3 Welded Plate and Frame Heat Exchanger
13.6.4 Others
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 Heat Exchangers Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 HVAC
13.10.3 Food & Beverage
13.10.4 Energy
13.10.5 Oil & Gas
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 Heat Exchangers Market: Competitive Dashboard
14.2 Global Plate Heat Exchangers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss
14.3.2 Kelvion
14.3.3 SPX FLOW
14.3.4 Alfa Laval
14.3.5 Xylem
14.3.6 AIC
14.3.7 Guntner
14.3.8 Hrs Heat Exchangers
14.3.9 Swep International
14.3.10 Tranter
14.3.11 Fischer Maschinen- und Apparatebau GmbH
14.3.12 Onda
14.3.13 Vitherm
14.3.14 BARRIQUAND
14.3.15 Sol-Tech
14.3.16 DFI
14.3.17 ENOVENETA
14.3.18 Fiorini
14.3.19 Cordivari
14.3.20 ZILMET
14.3.21 Tempco
14.3.22 Pacetti
14.3.23 Hisaka Works
14.3.24 API Heat Transfer
14.3.25 WCR
14.3.26 Wessels
14.3.27 Mueller
