Global Plate and Frame Heat Exchangers Market, By Type (Gasketed Plate and Frame Heat Exchangers, Welded Plate and Frame Heat Exchangers, and Brazed Heat Exchangers), Application (Chemical, Petrochemical and Oil and Gas, HVAC and Refrigeration, Food and Beverage, Power Generation, and Pulp and Paper), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The plate and frame heat exchangers market is expected to witness market growth at a rate of 8.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on plate and frame heat exchangers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in use of the product in various end-use industries is escalating the growth of the plate and frame heat exchangers market.
Heat exchangers refer to the type of devices specially designed for transferring heat between two or more fluids, including liquids, vapors, or gases of various temperatures. The heat transferring process can be ranged among gas-to-gas, liquid-to-gas, or liquid-to-liquid following the type of heat exchanger employed. The process takes place through a solid separator that assists in preventing the mixing of fluids or direct contact of fluids with each other.
The increase in energy prices across the globe acts as one of the major factors driving the growth of plate and frame heat exchangers market. The rise in need for heat exchangers in industrial, commercial, and engineering applications such as heating, ventilation, air conditioning (HVAC), commercial building, and automotive and technological advancements in the devices accelerate market growth. The increase in demand for the plate and frame heat exchangers due to the presence of stringent environmental regulations and surge in demand for nuclear power and expansion of energy infrastructure further influence the market. Additionally, urbanization and industrialization, rise in investments, growth of end-use industries and rise in energy demand worldwide positively affect the plate and frame heat exchangers market. Furthermore, large aftermarket for plate and frame heat exchangers extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, a rise in the cost of production is expected to obstruct market growth. Fluorinated Greenhouse Gases Regulations are projected to challenge the plate and frame heat exchangers market in the forecast period of 2021-2028.
This plate and frame heat exchangers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on plate and frame heat exchangers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Plate and Frame Heat Exchangers Market Scope and Market Size
The plate and frame heat exchangers market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the plate and frame heat exchangers market is segmented into gasketed plate and frame heat exchangers, welded plate and frame heat exchangers, and brazed heat exchangers.
- On the basis of application, the plate and frame heat exchangers market is segmented into chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverage, power generation, and pulp and paper.
Global Plate and Frame Heat Exchangers Market Country Level Analysis
The plate and frame heat exchangers market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the global plate and frame heat exchangers market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the plate and frame heat exchangers market due to the high production of and demand for plate and frame heat exchangers from various end-users within the region. Asia-Pacific is expected to witness a high growth in the forecast period of 2021 to 2028 because of efficient equipment for various energy-intensive production processes in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plate and Frame Heat Exchangers Market Share Analysis
The plate and frame heat exchangers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plate and frame heat exchangers market.
The major players covered in the plate and frame heat exchangers market reports are Kelvion Holding GmbH, Guntner GmbH and Co. KG, Hisaka Works Ltd., HRS, Kaori Heat Treatment Co., Ltd., SGL Group, SPX Flow, AIC, GEA Group, ALFA LAVAL, API Heat Transfer, Danfoss Group, Fischer Maschinen und Apparatebau GmbH, SABIC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.