Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Plate Finned Heat Exchanger Market by Type (Aluminum Type, Stainless Steel Type), By Application (Airseparationindustry, PetrochemicalIndustry, Dynamicalmachine, Nationaldefenseindustry) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Plate Finned Heat Exchanger Market by Type (Aluminum Type, Stainless Steel Type), By Application (Airseparationindustry, PetrochemicalIndustry, Dynamicalmachine, Nationaldefenseindustry) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131599 3300 Machinery & Equipment 377 243 Pages 4.6 (37)

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.

Global Plate Finned Heat Exchanger Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. LindeEngineering
  2. CHART
  3. FiveCryo
  4. SumitomoPrecision
  5. AKG
  6. KobeSteel
  7. Triumph
  8. API
  9. DonghwaEntec
  10. Lytron
  11. Hongsheng
  12. Hangyang
  13. Yonghong
  14. Xinsheng
  15. ZhongtaiCryogenic
  16. Jialong
  17. Guanyun
  18. FangSheng
  19. KFAS
  20. Airtecc

Global Plate Finned Heat Exchanger Market Overview

Highlights of The Plate Finned Heat Exchanger Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Aluminum Type
    2. Stainless Steel Type
  1. By Application:

    1. Airseparationindustry
    2. PetrochemicalIndustry
    3. Dynamicalmachine
    4. Nationaldefenseindustry
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Plate Finned Heat Exchanger Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
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 Overview Financials Developments Strategic Outlook
      14.4.2. CHART Overview Financials Developments Strategic Outlook
      14.4.3. FiveCryo Overview Financials Developments Strategic Outlook
      14.4.4. SumitomoPrecision Overview Financials Developments Strategic Outlook
      14.4.5. AKG Overview Financials Developments Strategic Outlook
      14.4.6. KobeSteel Overview Financials Developments Strategic Outlook
      14.4.7. Triumph Overview Financials Developments Strategic Outlook
      14.4.8. API Overview Financials Developments Strategic Outlook
      14.4.9. DonghwaEntec Overview Financials Developments Strategic Outlook
      14.4.10. Lytron Overview Financials Developments Strategic Outlook
      14.4.11. Hongsheng Overview Financials Developments Strategic Outlook
      14.4.12. Hangyang Overview Financials Developments Strategic Outlook
      14.4.13. Yonghong Overview Financials Developments Strategic Outlook
      14.4.14. Xinsheng Overview Financials Developments Strategic Outlook
      14.4.15. ZhongtaiCryogenic Overview Financials Developments Strategic Outlook
      14.4.16. Jialong Overview Financials Developments Strategic Outlook
      14.4.17. Guanyun Overview Financials Developments Strategic Outlook
      14.4.18. FangSheng Overview Financials Developments Strategic Outlook
      14.4.19. KFAS Overview Financials Developments Strategic Outlook
      14.4.20. Airtecc Overview Financials Developments Strategic Outlook

Our Trusted Clients

Contact Us