Market Overview:
The Global Plate Finned Heat Exchanger Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for plate finned heat exchangers in various end-use industries such as air separation industry, petrochemical industry, dynamical machine and national defense industry. In terms of type, the aluminum type segment is projected to hold a major share of the global market during the forecast period. This can be attributed to its low cost and high efficiency as compared to other types of plate finned heat exchangers available in the market.
Product Definition:
A plate fin heat exchanger is a type of heat exchanger that uses metal plates with fins to transfer heat between two fluids. The use of metal plates with fins helps to maximize the surface area available for heat transfer, which allows for more efficient heating or cooling.
Aluminum Type:
Aluminum is a metal that is strong, lightweight and ductile with high thermal conductivity. It has the highest heat transfer co-efficient among all metals. Aluminum alloys have been used in manufacturing of various components used in plate finned heat exchangers mainly due to its light weight property which helps to reduce overall weight of the exchanger thereby reducing energy consumption during operation thereby improving efficiency.
Stainless Steel Type:
Stainless steel type is a material that consists of more than 15% of chromium and nickel. It has high resistance to corrosion which makes it suitable for applications where there is a possibility of corrosive fluids being present. The properties such as ductility, malleability, and high strength make it useful in the manufacturing of various components used in heat exchangers including plate finned heat exchanger.
Application Insights:
The airseparation industry dominated the global plate finned heat exchangers market in terms of revenue in 2017. The rising demand for oxygen and nitrogen from various industries such as pharmaceutical, food and beverage, chemical is expected to drive the growth of this application segment over the forecast period.
Petrochemical industry was another prominent segment that accounted for a significant market share in 2017 owing to high product demand from refineries for heat treatment along with other applications such as catalytic reforming unit, gas turbine power generation units and desulphurization units. Platefinned vessels are used extensively across all these processes due to their ability to provide even heating throughout its entire surface area which helps optimize process performance while reducing energy costs significantly.
Regional Analysis:
Asia Pacific dominated the global plate finned heat exchangers market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing industrial activities and rapid development of industries such as petrochemical, power generation, aerospace & defense and separation industry. In addition, rising demand for energy due to growing population has ledto an increase in power production which will further drive the regional market growth.
The North America plate-finned heat exchangersmarket is driven by factors such as technological advancements resultingin improved product quality coupled with increased R&D expenditure by governmentsfor developing advanced products for a better performance at a lower cost. Moreover,the presence of major manufacturers that are involvedin continuous R&D activities results in new product launches which will boost the regional demand overthe forecast period.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for energy efficient systems in various industries
- Rising awareness about the benefits of using plate fin heat exchangers
- Technological advancements in the manufacturing of plate fin heat exchangers
- Growing demand for miniaturized and customized plate fin heat exchangers
- Increasing adoption of renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Plate Finned Heat Exchanger Market Research Report
By Type
Aluminum Type, Stainless Steel Type
By Application
Airseparationindustry, PetrochemicalIndustry, Dynamicalmachine, Nationaldefenseindustry
By Companies
LindeEngineering, CHART, FiveCryo, SumitomoPrecision, AKG, KobeSteel, Triumph, API, DonghwaEntec, Lytron, Hongsheng, Hangyang, Yonghong, Xinsheng, ZhongtaiCryogenic, Jialong, Guanyun, FangSheng, KFAS, Airtecc
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Plate Finned Heat Exchanger Market Report Segments:
The global Plate Finned 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
Airseparationindustry, PetrochemicalIndustry, Dynamicalmachine, Nationaldefenseindustry
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:
- LindeEngineering
- CHART
- FiveCryo
- SumitomoPrecision
- AKG
- KobeSteel
- Triumph
- API
- DonghwaEntec
- Lytron
- Hongsheng
- Hangyang
- Yonghong
- Xinsheng
- ZhongtaiCryogenic
- Jialong
- Guanyun
- FangSheng
- KFAS
- Airtecc
Highlights of The Plate Finned 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:
- Airseparationindustry
- PetrochemicalIndustry
- Dynamicalmachine
- Nationaldefenseindustry
- 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 Finned 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.
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- Correctly Positioning New Products
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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 finned heat exchanger is a type of heat exchanger that uses fins to increase the surface area for transferring thermal energy. This increases the efficiency of the heat exchange process, which can lead to decreased energy costs.
Some of the major companies in the plate finned heat exchanger market are LindeEngineering, CHART, FiveCryo, SumitomoPrecision, AKG, KobeSteel, Triumph, API, DonghwaEntec, Lytron, Hongsheng, Hangyang, Yonghong, Xinsheng, ZhongtaiCryogenic, Jialong, Guanyun, FangSheng, KFAS, Airtecc.
The plate finned heat exchanger market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plate Finned Heat Exchanger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plate Finned Heat Exchanger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plate Finned Heat Exchanger Market - Supply Chain
4.5. Global Plate Finned Heat Exchanger Market Forecast
4.5.1. Plate Finned Heat Exchanger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plate Finned Heat Exchanger Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plate Finned Heat Exchanger Market Absolute $ Opportunity
5. Global Plate Finned Heat Exchanger Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plate Finned Heat Exchanger Market Size and Volume Forecast by Type
5.3.1. Aluminum Type
5.3.2. Stainless Steel Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plate Finned Heat Exchanger Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plate Finned Heat Exchanger Market Size and Volume Forecast by Application
6.3.1. Airseparationindustry
6.3.2. PetrochemicalIndustry
6.3.3. Dynamicalmachine
6.3.4. Nationaldefenseindustry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plate Finned Heat Exchanger Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plate Finned Heat Exchanger Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plate Finned Heat Exchanger Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plate Finned Heat Exchanger Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plate Finned Heat Exchanger Demand Share Forecast, 2019-2029
9. North America Plate Finned Heat Exchanger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plate Finned Heat Exchanger Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plate Finned Heat Exchanger Market Size and Volume Forecast by Application
9.4.1. Airseparationindustry
9.4.2. PetrochemicalIndustry
9.4.3. Dynamicalmachine
9.4.4. Nationaldefenseindustry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plate Finned Heat Exchanger Market Size and Volume Forecast by Type
9.7.1. Aluminum Type
9.7.2. Stainless Steel Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plate Finned Heat Exchanger Demand Share Forecast, 2019-2029
10. Latin America Plate Finned Heat Exchanger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plate Finned Heat Exchanger Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plate Finned Heat Exchanger Market Size and Volume Forecast by Application
10.4.1. Airseparationindustry
10.4.2. PetrochemicalIndustry
10.4.3. Dynamicalmachine
10.4.4. Nationaldefenseindustry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plate Finned Heat Exchanger Market Size and Volume Forecast by Type
10.7.1. Aluminum Type
10.7.2. Stainless Steel Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plate Finned Heat Exchanger Demand Share Forecast, 2019-2029
11. Europe Plate Finned Heat Exchanger Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plate Finned Heat Exchanger Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plate Finned Heat Exchanger Market Size and Volume Forecast by Application
11.4.1. Airseparationindustry
11.4.2. PetrochemicalIndustry
11.4.3. Dynamicalmachine
11.4.4. Nationaldefenseindustry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plate Finned Heat Exchanger Market Size and Volume Forecast by Type
11.7.1. Aluminum Type
11.7.2. Stainless Steel Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plate Finned Heat Exchanger Demand Share, 2019-2029
12. Asia Pacific Plate Finned Heat Exchanger Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plate Finned Heat Exchanger Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plate Finned Heat Exchanger Market Size and Volume Forecast by Application
12.4.1. Airseparationindustry
12.4.2. PetrochemicalIndustry
12.4.3. Dynamicalmachine
12.4.4. Nationaldefenseindustry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plate Finned Heat Exchanger Market Size and Volume Forecast by Type
12.7.1. Aluminum Type
12.7.2. Stainless Steel Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plate Finned Heat Exchanger Demand Share, 2019-2029
13. Middle East & Africa Plate Finned Heat Exchanger Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plate Finned Heat Exchanger Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plate Finned Heat Exchanger Market Size and Volume Forecast by Application
13.4.1. Airseparationindustry
13.4.2. PetrochemicalIndustry
13.4.3. Dynamicalmachine
13.4.4. Nationaldefenseindustry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plate Finned Heat Exchanger Market Size and Volume Forecast by Type
13.7.1. Aluminum Type
13.7.2. Stainless Steel Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plate Finned Heat Exchanger Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Plate Finned Heat Exchanger Market: Market Share Analysis
14.2. Plate Finned Heat Exchanger Distributors and Customers
14.3. Plate Finned Heat Exchanger Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LindeEngineering
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CHART
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FiveCryo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SumitomoPrecision
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AKG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KobeSteel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Triumph
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. API
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DonghwaEntec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lytron
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hongsheng
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hangyang
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yonghong
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xinsheng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ZhongtaiCryogenic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jialong
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Guanyun
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. FangSheng
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. KFAS
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Airtecc
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
