Plate and Frame Heat Exchanger Market by Type (Gasketed, Welded, and Brazed), Application (Chemicals, Petrochemicals and Oil & Gas, HVAC & Refrigeration, Food & Beverages, Power Generation, and Pulp & Paper), and Region - Global Forecast to 2028
The Plate and frame Heat exchanger market is projected to reach USD 8.1 billion by 2028, at a CAGR of 6.5% from USD 5.9 billion in 2023. Asia Pacific is home to several emerging economies with rapidly growing building and construction sectors requiring HVAC systems, which further drives the demand for plate and frame heat exchangers. China is the largest producer of plate and frame heat exchangers in the region. The growing demand for plate and frame heat exchangers in China is mainly driven by rapid industrialization and urbanization.
“HVAC and Refrigeration application accounted for the fastest growth during the forecast period.”
In the HVACR industry, plate and frame heat exchangers play a vital role, providing high-performance solutions that can be standardized or customized according to specific requirements. These heat exchangers find extensive applications in various HVACR operations, including residential, commercial, and industrial air conditioning, district heating and cooling (DCH) networks, commercial refrigeration, industrial refrigeration, and marine refrigeration.
“Gasketed plate and frame heat exchanger is expected to be the largest type during the forecast period, in terms of value.”
Gasketed plate and frame heat exchangers have replaceable gaskets, which simplifies maintenance and allows for individual plate cleaning or replacement if required. In case of gasket failure, the gaskets can be easily replaced without replacing the entire heat exchanger. This serviceability reduces downtime and maintenance costs, making gasketed plate and frame heat exchangers more attractive in applications where regular maintenance is necessary.
“Based on region, Asia Pacific is the fastest growing market for plate and frame heat exchanger in 2022, in terms of value.”
Based on region, Asia Pacific is a key market to produce plate and frame heat exchangers and is projected to grow at a CAGR of 8.1% in terms of value during the forecast period. The availability of low-cost raw materials and labour, coupled with growing awareness among people, makes the region an attractive investment destination for plate and frame heat exchanger manufacturers. The rising population, urbanization, and industrialization are some of the factors that will drive the plate and frame heat exchanger market in this region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
Research Coverage
This report segments the plate and frame heat exchanger market based on type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the plate and frame heat exchanger market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the plate and frame heat exchanger market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“HVAC and Refrigeration application accounted for the fastest growth during the forecast period.”
In the HVACR industry, plate and frame heat exchangers play a vital role, providing high-performance solutions that can be standardized or customized according to specific requirements. These heat exchangers find extensive applications in various HVACR operations, including residential, commercial, and industrial air conditioning, district heating and cooling (DCH) networks, commercial refrigeration, industrial refrigeration, and marine refrigeration.
“Gasketed plate and frame heat exchanger is expected to be the largest type during the forecast period, in terms of value.”
Gasketed plate and frame heat exchangers have replaceable gaskets, which simplifies maintenance and allows for individual plate cleaning or replacement if required. In case of gasket failure, the gaskets can be easily replaced without replacing the entire heat exchanger. This serviceability reduces downtime and maintenance costs, making gasketed plate and frame heat exchangers more attractive in applications where regular maintenance is necessary.
“Based on region, Asia Pacific is the fastest growing market for plate and frame heat exchanger in 2022, in terms of value.”
Based on region, Asia Pacific is a key market to produce plate and frame heat exchangers and is projected to grow at a CAGR of 8.1% in terms of value during the forecast period. The availability of low-cost raw materials and labour, coupled with growing awareness among people, makes the region an attractive investment destination for plate and frame heat exchanger manufacturers. The rising population, urbanization, and industrialization are some of the factors that will drive the plate and frame heat exchanger market in this region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
- By Region: North America - 30%, Europe - 20%, Asia Pacific - 40%, Middle East & Africa-5%, and Latin America-5%
Research Coverage
This report segments the plate and frame heat exchanger market based on type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the plate and frame heat exchanger market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the plate and frame heat exchanger market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the plate and frame heat exchanger market offered by top players in the global plate and frame heat exchanger market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the plate and frame heat exchanger market.
- Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for plate and frame heat exchanger market across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global plate and frame heat exchanger market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the plate and frame heat exchanger market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.4 REGIONS COVERED
1.4.1 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 PLATE & FRAME HEAT EXCHANGER MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Primary interviews: Demand and supply sides
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 2 PLATE & FRAME HEAT EXCHANGER MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 3 PLATE & FRAME HEAT EXCHANGER MARKET: TOP-DOWN APPROACH
FIGURE 4 PLATE & FRAME HEAT EXCHANGER MARKET: MARKET SIZE ESTIMATION (BASE NUMBER CALCULATION)
2.3 MARKET SIZE PROJECTION
FIGURE 5 DEMAND-SIDE FORECAST PROJECTIONS
2.4 DATA TRIANGULATION
FIGURE 6 PLATE & FRAME HEAT EXCHANGER MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 ASSUMPTIONS
2.7 LIMITATIONS AND RISKS
2.8 RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 7 GASKETED PLATE & FRAME HEAT EXCHANGERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 8 HVAC & REFRIGERATION APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 9 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES FOR PLATE & FRAME HEAT EXCHANGER MARKET PLAYERS
FIGURE 10 HIGH GROWTH POTENTIAL IN ASIA PACIFIC DURING FORECAST PERIOD
4.2 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION AND COUNTRY
FIGURE 11 HVAC & REFRIGERATION APPLICATION LED OVERALL MARKET IN EUROPE
4.3 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE
FIGURE 12 GASKETED PLATE & FRAME HEAT EXCHANGERS TO LEAD MARKET
4.4 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION
FIGURE 13 HVAC & REFRIGERATION TO BE LARGEST END USER OF PLATE & FRAME HEAT EXCHANGER
4.5 PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY
FIGURE 14 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Stringent environmental regulations
5.2.1.2 Rising demand for HVACR equipment
5.2.1.3 Technological developments in brazed plate heat exchangers
5.2.1.4 Advantages of plate & frame heat exchangers over other heat exchangers
5.2.2 RESTRAINTS
5.2.2.1 Volatility in raw material prices
5.2.2.2 Increasing demand for battery electric vehicles
5.2.3 OPPORTUNITIES
5.2.3.1 Growth of plate & frame heat exchanger aftermarket
5.2.3.2 Rapid industrialization in emerging regions
5.2.4 CHALLENGES
5.2.4.1 Clogging of heat exchangers
5.3 VALUE CHAIN ANALYSIS
FIGURE 16 PLATE & FRAME HEAT EXCHANGER MARKET: VALUE CHAIN ANALYSIS
5.3.1 RAW MATERIAL SUPPLIERS
5.3.2 MANUFACTURERS
5.3.3 DISTRIBUTORS
5.3.4 END USERS
5.4 PORTER’S FIVE FORCES ANALYSIS
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET
5.4.1 THREAT OF NEW ENTRANTS
5.4.2 THREAT OF SUBSTITUTES
5.4.3 BARGAINING POWER OF SUPPLIERS
5.4.4 BARGAINING POWER OF BUYERS
5.4.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 1 PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET
5.5 MACROECONOMIC INDICATORS
5.5.1 POWER GENERATION
TABLE 2 POWER GENERATION, BY COUNTRY, TERAWATT-HOUR (TWH)
5.5.2 DEMAND FOR AIR CONDITIONING (AC)
TABLE 3 DEMAND FOR AC, BY COUNTRY (2021)
5.5.3 CHEMICAL SALES
TABLE 4 CHEMICAL SALES, 2020 (USD BILLION)
5.6 KEY CONFERENCES & EVENTS IN 2022–2023
TABLE 5 PLATE & FRAME HEAT EXCHANGERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.7 KEY FACTORS AFFECTING BUYING DECISIONS
5.7.1 QUALITY
5.7.2 SERVICE
FIGURE 18 KEY BUYING CRITERIA
5.8 TARIFFS & REGULATIONS
5.8.1 ASIA PACIFIC
5.8.2 EUROPE
5.8.3 NORTH AMERICA
5.8.3.1 US
5.8.3.2 Canada
TABLE 6 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 AVERAGE SELLING PRICE ANALYSIS
5.9.1 AVERAGE SELLING PRICE BASED ON REGION
FIGURE 19 AVERAGE SELLING PRICE, BY REGION (USD/UNIT)
5.9.2 AVERAGE SELLING PRICE BASED ON APPLICATION
TABLE 7 AVERAGE SELLING PRICE, BY APPLICATION (USD/UNIT)
5.9.3 AVERAGE SELLING PRICE OF TOP THREE MARKET PLAYERS
FIGURE 20 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS (USD/UNIT)
5.10 TECHNOLOGY ANALYSIS
5.10.1 MICRO/NANOSTRUCTURED SURFACES
5.10.2 ADDITIVE MANUFACTURING
5.10.3 SURFACE COATINGS
5.10.4 COMPUTATIONAL FLUID DYNAMICS (CFD)
5.10.5 INTELLIGENT MONITORING AND CONTROL SYSTEMS
5.11 ECOSYSTEM
FIGURE 21 ECOSYSTEM OF PLATE & FRAME HEAT EXCHANGER MARKET
TABLE 8 PLATE & FRAME HEAT EXCHANGER MARKET: ECOSYSTEM
5.12 PATENTS ANALYSIS
5.12.1 INTRODUCTION
5.12.2 METHODOLOGY
5.12.3 DOCUMENT TYPE
TABLE 9 GRANTED PATENTS ACCOUNT FOR 36% OF ALL PATENTS IN LAST 10 YEARS
FIGURE 22 PATENT PUBLICATION TRENDS FROM 2012 TO 2022
5.12.4 INSIGHTS
5.12.5 LEGAL STATUS OF PATENTS
FIGURE 23 LEGAL STATUS OF PATENTS
5.12.6 JURISDICTION ANALYSIS
FIGURE 24 TOP JURISDICTIONS, BY DOCUMENT
5.12.7 TOP COMPANIES/APPLICANTS
FIGURE 25 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
TABLE 10 PATENTS BY LG ELECTRONICS INC.
TABLE 11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
5.13 TRADE ANALYSIS
5.13.1 IMPORT-EXPORT SCENARIO OF PLATE & FRAME HEAT EXCHANGER MARKET
TABLE 12 IMPORT TRADE DATA FOR HEAT-EXCHANGE UNITS (EXCLUDING INSTANTANEOUS HEATERS, STORAGE WATER HEATERS, BOILERS, AND EQUIPMENT WITHOUT A SEPARATING WALL)
TABLE 13 EXPORT TRADE DATA FOR HEAT-EXCHANGE UNITS (EXCLUDING INSTANTANEOUS HEATERS, STORAGE WATER HEATERS, BOILERS, AND EQUIPMENT WITHOUT SEPARATING WALL)
5.14 CASE STUDIES
5.14.1 REQUIREMENT IN DISTRICT HEATING SYSTEM
6 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 26 GASKETED PLATE & FRAME HEAT EXCHANGERS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 14 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 15 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 16 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 17 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
6.2 GASKETED PLATE & FRAME HEAT EXCHANGER
6.3 WELDED PLATE HEAT EXCHANGER (WPHE)
6.4 BRAZED PLATE HEAT EXCHANGER (BPHE)
6.5 OTHER TYPES
7 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 27 HVAC & REFRIGERATION APPLICATION TO WITNESS HIGHEST CAGR
TABLE 18 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 19 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 20 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 21 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
7.2 HVAC & REFRIGERATION
7.2.1 DEMAND FOR HIGH-PERFORMANCE AND CUSTOMIZED HEAT EXCHANGERS TO DRIVE MARKET
7.3 CHEMICALS
7.3.1 NEED FOR SAFE & EFFICIENT HEAT TRANSFER IN CHEMICAL PROCESSES TO FUEL DEMAND
7.4 PETROCHEMICALS AND OIL & GAS
7.4.1 REQUIREMENT FOR EFFICIENT HEAT RECOVERY AND HEAT ENERGY GENERATION TO SUPPORT GROWTH
7.5 FOOD & BEVERAGES
7.5.1 PLATE & FRAME HEAT EXCHANGERS WIDELY USED IN FOOD PROCESSING, DAIRY PROCESSING, AND BEVERAGE PROCESSING
7.6 POWER GENERATION
7.6.1 DEMAND FOR COST-EFFECTIVE WASTE HEAT RECOVERY TOOL TO DRIVE MARKET
7.7 PULP & PAPER
7.7.1 PLATE & FRAME HEAT EXCHANGERS USED TO HELP MANAGE ENERGY EXPENDITURE AND REDUCE RELIANCE ON SCARCE RESOURCES
7.8 OTHER APPLICATIONS
8 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 28 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
TABLE 22 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 23 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2023–2028 (UNITS)
TABLE 24 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 25 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2023–2028 (USD MILLION)
8.2 ASIA PACIFIC
FIGURE 29 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT
TABLE 26 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 27 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 28 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 29 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 30 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 31 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 32 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 33 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 34 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 35 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 36 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 37 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.1 RECESSION IMPACT ON ASIA PACIFIC
8.2.2 CHINA
8.2.2.1 Availability of low-cost labor and cheap raw materials to drive market
TABLE 38 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 39 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 40 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.3 INDIA
8.2.3.1 Rapid urbanization and industrialization to propel market
TABLE 42 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 43 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 44 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 45 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.4 JAPAN
8.2.4.1 Substantial demand from transportation and automotive sectors to boost market
TABLE 46 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 47 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 48 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 49 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.5 SOUTH KOREA
8.2.5.1 Investment in energy sources to drive market
TABLE 50 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 51 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 52 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 53 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.6 REST OF ASIA PACIFIC
TABLE 54 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 55 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 56 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 57 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3 NORTH AMERICA
FIGURE 30 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT
TABLE 58 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 59 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 60 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 61 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 62 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 63 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 64 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 65 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 66 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 67 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 68 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 69 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3.1 RECESSION IMPACT ON NORTH AMERICA
8.3.2 US
8.3.2.1 Increasing demand for natural gas and petroleum to drive market
TABLE 70 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 71 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 72 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 73 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3.3 CANADA
8.3.3.1 Availability of vast natural resources to contribute to market growth
TABLE 74 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 75 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 76 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 77 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3.4 MEXICO
8.3.4.1 Population growth to drive demand for power generation
TABLE 78 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 79 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 80 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 81 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4 EUROPE
FIGURE 31 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT
TABLE 82 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 83 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 84 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 85 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 86 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 87 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 88 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 89 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 90 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 91 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 92 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 93 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.1 RECESSION IMPACT ON EUROPE
8.4.2 GERMANY
8.4.2.1 Transition toward renewable energy sources to support market growth
TABLE 94 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 95 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 96 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 97 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.3 FRANCE
8.4.3.1 Chemical exports influencing market growth
TABLE 98 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 99 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 100 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 101 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.4 UK
8.4.4.1 R&D expenditure in chemical sector to boost market
TABLE 102 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 103 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 104 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 105 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.5 ITALY
8.4.5.1 Growing number of chemical manufacturers to support market
TABLE 106 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 107 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 108 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 109 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.6 SWEDEN
8.4.6.1 Oil & gas sector to fuel growth of plate & frame heat exchangers market
TABLE 110 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 111 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 112 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 113 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.7 REST OF EUROPE
TABLE 114 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 115 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 116 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 117 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5 MIDDLE EAST & AFRICA
TABLE 118 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 119 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 120 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 121 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 122 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 123 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 124 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 125 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 126 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 127 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 128 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 129 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5.1 SAUDI ARABIA
8.5.1.1 Implementation of new power projects to influence market growth
TABLE 130 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 131 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 132 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 133 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5.2 UAE
8.5.2.1 Changing energy-mix to drive market
TABLE 134 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 135 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 136 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 137 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 138 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 139 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 140 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 141 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6 SOUTH AMERICA
TABLE 142 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 143 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 144 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 145 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 146 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 147 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 148 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 149 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 150 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 151 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 152 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 153 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6.1 BRAZIL
8.6.1.1 HVAC & refrigeration application to register highest growth
TABLE 154 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 155 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 156 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 157 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6.2 ARGENTINA
8.6.2.1 Focus on non-hydro renewable sources to boost demand
TABLE 158 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 159 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 160 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 161 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6.3 REST OF SOUTH AMERICA
TABLE 162 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 163 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 164 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 165 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
TABLE 166 COMPANIES ADOPTED ACQUISITION AND EXPANSION AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022
9.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022
FIGURE 32 RANKING OF TOP FIVE PLAYERS IN PLATE & FRAME HEAT EXCHANGER MARKET, 2022
9.3 MARKET SHARE ANALYSIS
FIGURE 33 PLATE & FRAME HEAT EXCHANGER MARKET SHARE, BY COMPANY, 2023
TABLE 167 PLATE & FRAME HEAT EXCHANGERS MARKET: INTENSITY OF COMPETITIVE RIVALRY
9.4 REVENUE ANALYSIS OF TOP PLAYERS
TABLE 168 PLATE & FRAME HEAT EXCHANGERS MARKET: REVENUE ANALYSIS (USD BILLION)
9.5 MARKET EVALUATION MATRIX
TABLE 169 MARKET EVALUATION MATRIX
9.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1)
9.6.1 STAR PLAYERS
9.6.2 EMERGING LEADERS
9.6.3 PERVASIVE PLAYERS
9.6.4 PARTICIPANTS
FIGURE 34 PLATE & FRAME HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX, 2022
9.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
9.7.1 RESPONSIVE COMPANIES
9.7.2 STARTING BLOCKS
9.7.3 PROGRESSIVE COMPANIES
9.7.4 DYNAMIC COMPANIES
FIGURE 35 PLATE & FRAME HEAT EXCHANGER MARKET: STARTUPS AND SMES MATRIX, 2022
9.8 COMPANY FOOTPRINT, BY APPLICATION
9.9 COMPANY FOOTPRINT, BY REGION
9.10 COMPETITIVE SCENARIO
9.10.1 PRODUCT LAUNCHES
TABLE 170 PRODUCT LAUNCHES, 2017–2023
9.10.2 DEALS
TABLE 171 DEALS, 2017—2023
9.10.3 OTHER DEVELOPMENTS
TABLE 172 OTHER DEVELOPMENTS, 2017–2023
10 COMPANY PROFILES
10.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
10.1.1 ALFA LAVAL
TABLE 173 ALFA LAVAL: COMPANY OVERVIEW
FIGURE 36 ALFA LAVAL: COMPANY SNAPSHOT
TABLE 174 ALFA LAVAL: PRODUCT OFFERINGS
TABLE 175 ALFA LAVAL: DEALS
TABLE 176 ALFA LAVAL: OTHERS
10.1.2 DANFOSS
TABLE 177 DANFOSS: BUSINESS OVERVIEW
FIGURE 37 DANFOSS: COMPANY SNAPSHOT
TABLE 178 DANFOSS: PRODUCT OFFERING
TABLE 179 DANFOSS: PRODUCT LAUNCHES
TABLE 180 DANFOSS: OTHERS
10.1.3 KELVION HOLDING GMBH
TABLE 181 KELVION HOLDING GMBH: BUSINESS OVERVIEW
TABLE 182 KELVION HOLDING GMBH: PRODUCT OFFERING
TABLE 183 KELVION HOLDING GMBH: PRODUCT LAUNCHES
TABLE 184 KELVION HOLDING GMBH: DEALS
TABLE 185 KELVION HOLDING GMBH: OTHERS
10.1.4 SPX FLOW
TABLE 186 SPX FLOW: BUSINESS OVERVIEW
FIGURE 38 SPX FLOW: COMPANY SNAPSHOT
TABLE 187 SPX FLOW: PRODUCT OFFERING
10.1.5 XYLEM
TABLE 188 XYLEM: BUSINESS OVERVIEW
FIGURE 39 XYLEM: COMPANY SNAPSHOT
TABLE 189 XYLEM: PRODUCT OFFERING
10.1.6 API HEAT TRANSFER
TABLE 190 API HEAT TRANSFER: BUSINESS OVERVIEW
TABLE 191 API HEAT TRANSFER: PRODUCT OFFERING
10.1.7 BOYD CORPORATION
TABLE 192 BOYD CORPORATION: BUSINESS OVERVIEW
TABLE 193 BOYD CORPORATION: PRODUCT OFFERING
TABLE 194 BOYD CORPORATION: DEALS
TABLE 195 BOYD CORPORATION: OTHERS
10.1.8 H. G?NTNER (UK) LIMITED
TABLE 196 H. G?NTNER (UK) LIMITED: BUSINESS OVERVIEW
TABLE 197 H. G?NTNER (UK) LIMITED: PRODUCT OFFERING
TABLE 198 H. G?NTNER (UK) LIMITED: DEALS
TABLE 199 H. G?NTNER (UK) LIMITED: OTHERS
10.1.9 JOHNSON CONTROLS
TABLE 200 JOHNSON CONTROLS: BUSINESS OVERVIEW
FIGURE 40 JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 201 JOHNSON CONTROLS: PRODUCT OFFERING
TABLE 202 JOHNSON CONTROLS: PRODUCT LAUNCHES
10.1.10 WABTEC CORPORATION
TABLE 203 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 41 WABTEC CORPORATION: COMPANY SNAPSHOT
10.1.11 PRODUCTS OFFERED
TABLE 204 WABTEC CORPORATION: PRODUCT OFFERING
TABLE 205 WABTEC CORPORATION: DEALS
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
10.2 OTHER PLAYERS
10.2.1 BARRIQUAND TECHNOLOGIES THERMIQUES
TABLE 206 BARRIQUAND TECHNOLOGIES THERMIQUES: COMPANY OVERVIEW
10.2.2 CHART INDUSTRIES
TABLE 207 CHART INDUSTRIES: COMPANY OVERVIEW
10.2.3 FUNKE HEAT EXCHANGER APPARATEBAU
TABLE 208 FUNKE HEAT EXCHANGER APPARATEBAU: COMPANY OVERVIEW
10.2.4 HISAKA WORKS, LTD.
TABLE 209 HISAKA WORKS, LTD.: COMPANY OVERVIEW
10.2.5 RADIANT HEAT EXCHANGER PVT. LTD.
TABLE 210 RADIANT HEAT EXCHANGER PVT. LTD.: COMPANY OVERVIEW
10.2.6 SWEP INTERNATIONAL AB
TABLE 211 SWEP INTERNATIONAL AB: COMPANY OVERVIEW
10.2.7 VAHTERUS OY
TABLE 212 VAHTERUS OY: COMPANY OVERVIEW
10.2.8 KAORI
TABLE 213 KAORI: COMPANY OVERVIEW
10.2.9 DIVERSIFIED HEAT TRANSFER
TABLE 214 DIVERSIFIED HEAT TRANSFER: COMPANY OVERVIEW
10.2.10 HRS HEAT EXCHANGERS
TABLE 215 HRS HEAT EXCHANGERS: COMPANY OVERVIEW
10.2.11 ONDA
TABLE 216 ONDA: COMPANY OVERVIEW
10.2.12 SECESPOL
TABLE 217 SECESPOL: COMPANY OVERVIEW
10.2.13 HYDAC
TABLE 218 HYDAC: COMPANY OVERVIEW
10.2.14 BAODE
TABLE 219 BAODE: COMPANY OVERVIEW
10.2.15 THERMOFIN
TABLE 220 THERMOFIN: COMPANY OVERVIEW
11 APPENDIX
11.1 INSIGHTS OF INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 CUSTOMIZATION OPTIONS
11.5 RELATED REPORTS
11.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.4 REGIONS COVERED
1.4.1 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 PLATE & FRAME HEAT EXCHANGER MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Primary interviews: Demand and supply sides
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 2 PLATE & FRAME HEAT EXCHANGER MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 3 PLATE & FRAME HEAT EXCHANGER MARKET: TOP-DOWN APPROACH
FIGURE 4 PLATE & FRAME HEAT EXCHANGER MARKET: MARKET SIZE ESTIMATION (BASE NUMBER CALCULATION)
2.3 MARKET SIZE PROJECTION
FIGURE 5 DEMAND-SIDE FORECAST PROJECTIONS
2.4 DATA TRIANGULATION
FIGURE 6 PLATE & FRAME HEAT EXCHANGER MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 ASSUMPTIONS
2.7 LIMITATIONS AND RISKS
2.8 RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 7 GASKETED PLATE & FRAME HEAT EXCHANGERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 8 HVAC & REFRIGERATION APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 9 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES FOR PLATE & FRAME HEAT EXCHANGER MARKET PLAYERS
FIGURE 10 HIGH GROWTH POTENTIAL IN ASIA PACIFIC DURING FORECAST PERIOD
4.2 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION AND COUNTRY
FIGURE 11 HVAC & REFRIGERATION APPLICATION LED OVERALL MARKET IN EUROPE
4.3 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE
FIGURE 12 GASKETED PLATE & FRAME HEAT EXCHANGERS TO LEAD MARKET
4.4 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION
FIGURE 13 HVAC & REFRIGERATION TO BE LARGEST END USER OF PLATE & FRAME HEAT EXCHANGER
4.5 PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY
FIGURE 14 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Stringent environmental regulations
5.2.1.2 Rising demand for HVACR equipment
5.2.1.3 Technological developments in brazed plate heat exchangers
5.2.1.4 Advantages of plate & frame heat exchangers over other heat exchangers
5.2.2 RESTRAINTS
5.2.2.1 Volatility in raw material prices
5.2.2.2 Increasing demand for battery electric vehicles
5.2.3 OPPORTUNITIES
5.2.3.1 Growth of plate & frame heat exchanger aftermarket
5.2.3.2 Rapid industrialization in emerging regions
5.2.4 CHALLENGES
5.2.4.1 Clogging of heat exchangers
5.3 VALUE CHAIN ANALYSIS
FIGURE 16 PLATE & FRAME HEAT EXCHANGER MARKET: VALUE CHAIN ANALYSIS
5.3.1 RAW MATERIAL SUPPLIERS
5.3.2 MANUFACTURERS
5.3.3 DISTRIBUTORS
5.3.4 END USERS
5.4 PORTER’S FIVE FORCES ANALYSIS
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET
5.4.1 THREAT OF NEW ENTRANTS
5.4.2 THREAT OF SUBSTITUTES
5.4.3 BARGAINING POWER OF SUPPLIERS
5.4.4 BARGAINING POWER OF BUYERS
5.4.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 1 PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET
5.5 MACROECONOMIC INDICATORS
5.5.1 POWER GENERATION
TABLE 2 POWER GENERATION, BY COUNTRY, TERAWATT-HOUR (TWH)
5.5.2 DEMAND FOR AIR CONDITIONING (AC)
TABLE 3 DEMAND FOR AC, BY COUNTRY (2021)
5.5.3 CHEMICAL SALES
TABLE 4 CHEMICAL SALES, 2020 (USD BILLION)
5.6 KEY CONFERENCES & EVENTS IN 2022–2023
TABLE 5 PLATE & FRAME HEAT EXCHANGERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.7 KEY FACTORS AFFECTING BUYING DECISIONS
5.7.1 QUALITY
5.7.2 SERVICE
FIGURE 18 KEY BUYING CRITERIA
5.8 TARIFFS & REGULATIONS
5.8.1 ASIA PACIFIC
5.8.2 EUROPE
5.8.3 NORTH AMERICA
5.8.3.1 US
5.8.3.2 Canada
TABLE 6 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 AVERAGE SELLING PRICE ANALYSIS
5.9.1 AVERAGE SELLING PRICE BASED ON REGION
FIGURE 19 AVERAGE SELLING PRICE, BY REGION (USD/UNIT)
5.9.2 AVERAGE SELLING PRICE BASED ON APPLICATION
TABLE 7 AVERAGE SELLING PRICE, BY APPLICATION (USD/UNIT)
5.9.3 AVERAGE SELLING PRICE OF TOP THREE MARKET PLAYERS
FIGURE 20 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS (USD/UNIT)
5.10 TECHNOLOGY ANALYSIS
5.10.1 MICRO/NANOSTRUCTURED SURFACES
5.10.2 ADDITIVE MANUFACTURING
5.10.3 SURFACE COATINGS
5.10.4 COMPUTATIONAL FLUID DYNAMICS (CFD)
5.10.5 INTELLIGENT MONITORING AND CONTROL SYSTEMS
5.11 ECOSYSTEM
FIGURE 21 ECOSYSTEM OF PLATE & FRAME HEAT EXCHANGER MARKET
TABLE 8 PLATE & FRAME HEAT EXCHANGER MARKET: ECOSYSTEM
5.12 PATENTS ANALYSIS
5.12.1 INTRODUCTION
5.12.2 METHODOLOGY
5.12.3 DOCUMENT TYPE
TABLE 9 GRANTED PATENTS ACCOUNT FOR 36% OF ALL PATENTS IN LAST 10 YEARS
FIGURE 22 PATENT PUBLICATION TRENDS FROM 2012 TO 2022
5.12.4 INSIGHTS
5.12.5 LEGAL STATUS OF PATENTS
FIGURE 23 LEGAL STATUS OF PATENTS
5.12.6 JURISDICTION ANALYSIS
FIGURE 24 TOP JURISDICTIONS, BY DOCUMENT
5.12.7 TOP COMPANIES/APPLICANTS
FIGURE 25 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
TABLE 10 PATENTS BY LG ELECTRONICS INC.
TABLE 11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
5.13 TRADE ANALYSIS
5.13.1 IMPORT-EXPORT SCENARIO OF PLATE & FRAME HEAT EXCHANGER MARKET
TABLE 12 IMPORT TRADE DATA FOR HEAT-EXCHANGE UNITS (EXCLUDING INSTANTANEOUS HEATERS, STORAGE WATER HEATERS, BOILERS, AND EQUIPMENT WITHOUT A SEPARATING WALL)
TABLE 13 EXPORT TRADE DATA FOR HEAT-EXCHANGE UNITS (EXCLUDING INSTANTANEOUS HEATERS, STORAGE WATER HEATERS, BOILERS, AND EQUIPMENT WITHOUT SEPARATING WALL)
5.14 CASE STUDIES
5.14.1 REQUIREMENT IN DISTRICT HEATING SYSTEM
6 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 26 GASKETED PLATE & FRAME HEAT EXCHANGERS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 14 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 15 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 16 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 17 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
6.2 GASKETED PLATE & FRAME HEAT EXCHANGER
6.3 WELDED PLATE HEAT EXCHANGER (WPHE)
6.4 BRAZED PLATE HEAT EXCHANGER (BPHE)
6.5 OTHER TYPES
7 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 27 HVAC & REFRIGERATION APPLICATION TO WITNESS HIGHEST CAGR
TABLE 18 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 19 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 20 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 21 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
7.2 HVAC & REFRIGERATION
7.2.1 DEMAND FOR HIGH-PERFORMANCE AND CUSTOMIZED HEAT EXCHANGERS TO DRIVE MARKET
7.3 CHEMICALS
7.3.1 NEED FOR SAFE & EFFICIENT HEAT TRANSFER IN CHEMICAL PROCESSES TO FUEL DEMAND
7.4 PETROCHEMICALS AND OIL & GAS
7.4.1 REQUIREMENT FOR EFFICIENT HEAT RECOVERY AND HEAT ENERGY GENERATION TO SUPPORT GROWTH
7.5 FOOD & BEVERAGES
7.5.1 PLATE & FRAME HEAT EXCHANGERS WIDELY USED IN FOOD PROCESSING, DAIRY PROCESSING, AND BEVERAGE PROCESSING
7.6 POWER GENERATION
7.6.1 DEMAND FOR COST-EFFECTIVE WASTE HEAT RECOVERY TOOL TO DRIVE MARKET
7.7 PULP & PAPER
7.7.1 PLATE & FRAME HEAT EXCHANGERS USED TO HELP MANAGE ENERGY EXPENDITURE AND REDUCE RELIANCE ON SCARCE RESOURCES
7.8 OTHER APPLICATIONS
8 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION
8.1 INTRODUCTION
FIGURE 28 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
TABLE 22 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2019–2022 (UNITS)
TABLE 23 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2023–2028 (UNITS)
TABLE 24 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 25 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2023–2028 (USD MILLION)
8.2 ASIA PACIFIC
FIGURE 29 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT
TABLE 26 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 27 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 28 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 29 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 30 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 31 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 32 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 33 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 34 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 35 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 36 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 37 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.1 RECESSION IMPACT ON ASIA PACIFIC
8.2.2 CHINA
8.2.2.1 Availability of low-cost labor and cheap raw materials to drive market
TABLE 38 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 39 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 40 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.3 INDIA
8.2.3.1 Rapid urbanization and industrialization to propel market
TABLE 42 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 43 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 44 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 45 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.4 JAPAN
8.2.4.1 Substantial demand from transportation and automotive sectors to boost market
TABLE 46 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 47 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 48 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 49 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.5 SOUTH KOREA
8.2.5.1 Investment in energy sources to drive market
TABLE 50 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 51 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 52 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 53 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.2.6 REST OF ASIA PACIFIC
TABLE 54 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 55 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 56 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 57 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3 NORTH AMERICA
FIGURE 30 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT
TABLE 58 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 59 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 60 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 61 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 62 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 63 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 64 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 65 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 66 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 67 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 68 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 69 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3.1 RECESSION IMPACT ON NORTH AMERICA
8.3.2 US
8.3.2.1 Increasing demand for natural gas and petroleum to drive market
TABLE 70 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 71 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 72 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 73 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3.3 CANADA
8.3.3.1 Availability of vast natural resources to contribute to market growth
TABLE 74 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 75 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 76 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 77 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.3.4 MEXICO
8.3.4.1 Population growth to drive demand for power generation
TABLE 78 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 79 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 80 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 81 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4 EUROPE
FIGURE 31 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT
TABLE 82 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 83 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 84 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 85 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 86 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 87 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 88 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 89 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 90 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 91 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 92 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 93 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.1 RECESSION IMPACT ON EUROPE
8.4.2 GERMANY
8.4.2.1 Transition toward renewable energy sources to support market growth
TABLE 94 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 95 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 96 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 97 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.3 FRANCE
8.4.3.1 Chemical exports influencing market growth
TABLE 98 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 99 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 100 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 101 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.4 UK
8.4.4.1 R&D expenditure in chemical sector to boost market
TABLE 102 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 103 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 104 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 105 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.5 ITALY
8.4.5.1 Growing number of chemical manufacturers to support market
TABLE 106 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 107 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 108 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 109 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.6 SWEDEN
8.4.6.1 Oil & gas sector to fuel growth of plate & frame heat exchangers market
TABLE 110 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 111 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 112 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 113 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.4.7 REST OF EUROPE
TABLE 114 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 115 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 116 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 117 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5 MIDDLE EAST & AFRICA
TABLE 118 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 119 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 120 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 121 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 122 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 123 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 124 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 125 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 126 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 127 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 128 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 129 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5.1 SAUDI ARABIA
8.5.1.1 Implementation of new power projects to influence market growth
TABLE 130 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 131 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 132 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 133 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5.2 UAE
8.5.2.1 Changing energy-mix to drive market
TABLE 134 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 135 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 136 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 137 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 138 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 139 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 140 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 141 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6 SOUTH AMERICA
TABLE 142 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS)
TABLE 143 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS)
TABLE 144 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 145 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 146 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS)
TABLE 147 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS)
TABLE 148 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 149 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 150 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 151 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 152 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 153 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6.1 BRAZIL
8.6.1.1 HVAC & refrigeration application to register highest growth
TABLE 154 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 155 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 156 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 157 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6.2 ARGENTINA
8.6.2.1 Focus on non-hydro renewable sources to boost demand
TABLE 158 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 159 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 160 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 161 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8.6.3 REST OF SOUTH AMERICA
TABLE 162 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS)
TABLE 163 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS)
TABLE 164 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 165 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
TABLE 166 COMPANIES ADOPTED ACQUISITION AND EXPANSION AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022
9.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022
FIGURE 32 RANKING OF TOP FIVE PLAYERS IN PLATE & FRAME HEAT EXCHANGER MARKET, 2022
9.3 MARKET SHARE ANALYSIS
FIGURE 33 PLATE & FRAME HEAT EXCHANGER MARKET SHARE, BY COMPANY, 2023
TABLE 167 PLATE & FRAME HEAT EXCHANGERS MARKET: INTENSITY OF COMPETITIVE RIVALRY
9.4 REVENUE ANALYSIS OF TOP PLAYERS
TABLE 168 PLATE & FRAME HEAT EXCHANGERS MARKET: REVENUE ANALYSIS (USD BILLION)
9.5 MARKET EVALUATION MATRIX
TABLE 169 MARKET EVALUATION MATRIX
9.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1)
9.6.1 STAR PLAYERS
9.6.2 EMERGING LEADERS
9.6.3 PERVASIVE PLAYERS
9.6.4 PARTICIPANTS
FIGURE 34 PLATE & FRAME HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX, 2022
9.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
9.7.1 RESPONSIVE COMPANIES
9.7.2 STARTING BLOCKS
9.7.3 PROGRESSIVE COMPANIES
9.7.4 DYNAMIC COMPANIES
FIGURE 35 PLATE & FRAME HEAT EXCHANGER MARKET: STARTUPS AND SMES MATRIX, 2022
9.8 COMPANY FOOTPRINT, BY APPLICATION
9.9 COMPANY FOOTPRINT, BY REGION
9.10 COMPETITIVE SCENARIO
9.10.1 PRODUCT LAUNCHES
TABLE 170 PRODUCT LAUNCHES, 2017–2023
9.10.2 DEALS
TABLE 171 DEALS, 2017—2023
9.10.3 OTHER DEVELOPMENTS
TABLE 172 OTHER DEVELOPMENTS, 2017–2023
10 COMPANY PROFILES
10.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
10.1.1 ALFA LAVAL
TABLE 173 ALFA LAVAL: COMPANY OVERVIEW
FIGURE 36 ALFA LAVAL: COMPANY SNAPSHOT
TABLE 174 ALFA LAVAL: PRODUCT OFFERINGS
TABLE 175 ALFA LAVAL: DEALS
TABLE 176 ALFA LAVAL: OTHERS
10.1.2 DANFOSS
TABLE 177 DANFOSS: BUSINESS OVERVIEW
FIGURE 37 DANFOSS: COMPANY SNAPSHOT
TABLE 178 DANFOSS: PRODUCT OFFERING
TABLE 179 DANFOSS: PRODUCT LAUNCHES
TABLE 180 DANFOSS: OTHERS
10.1.3 KELVION HOLDING GMBH
TABLE 181 KELVION HOLDING GMBH: BUSINESS OVERVIEW
TABLE 182 KELVION HOLDING GMBH: PRODUCT OFFERING
TABLE 183 KELVION HOLDING GMBH: PRODUCT LAUNCHES
TABLE 184 KELVION HOLDING GMBH: DEALS
TABLE 185 KELVION HOLDING GMBH: OTHERS
10.1.4 SPX FLOW
TABLE 186 SPX FLOW: BUSINESS OVERVIEW
FIGURE 38 SPX FLOW: COMPANY SNAPSHOT
TABLE 187 SPX FLOW: PRODUCT OFFERING
10.1.5 XYLEM
TABLE 188 XYLEM: BUSINESS OVERVIEW
FIGURE 39 XYLEM: COMPANY SNAPSHOT
TABLE 189 XYLEM: PRODUCT OFFERING
10.1.6 API HEAT TRANSFER
TABLE 190 API HEAT TRANSFER: BUSINESS OVERVIEW
TABLE 191 API HEAT TRANSFER: PRODUCT OFFERING
10.1.7 BOYD CORPORATION
TABLE 192 BOYD CORPORATION: BUSINESS OVERVIEW
TABLE 193 BOYD CORPORATION: PRODUCT OFFERING
TABLE 194 BOYD CORPORATION: DEALS
TABLE 195 BOYD CORPORATION: OTHERS
10.1.8 H. G?NTNER (UK) LIMITED
TABLE 196 H. G?NTNER (UK) LIMITED: BUSINESS OVERVIEW
TABLE 197 H. G?NTNER (UK) LIMITED: PRODUCT OFFERING
TABLE 198 H. G?NTNER (UK) LIMITED: DEALS
TABLE 199 H. G?NTNER (UK) LIMITED: OTHERS
10.1.9 JOHNSON CONTROLS
TABLE 200 JOHNSON CONTROLS: BUSINESS OVERVIEW
FIGURE 40 JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 201 JOHNSON CONTROLS: PRODUCT OFFERING
TABLE 202 JOHNSON CONTROLS: PRODUCT LAUNCHES
10.1.10 WABTEC CORPORATION
TABLE 203 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 41 WABTEC CORPORATION: COMPANY SNAPSHOT
10.1.11 PRODUCTS OFFERED
TABLE 204 WABTEC CORPORATION: PRODUCT OFFERING
TABLE 205 WABTEC CORPORATION: DEALS
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
10.2 OTHER PLAYERS
10.2.1 BARRIQUAND TECHNOLOGIES THERMIQUES
TABLE 206 BARRIQUAND TECHNOLOGIES THERMIQUES: COMPANY OVERVIEW
10.2.2 CHART INDUSTRIES
TABLE 207 CHART INDUSTRIES: COMPANY OVERVIEW
10.2.3 FUNKE HEAT EXCHANGER APPARATEBAU
TABLE 208 FUNKE HEAT EXCHANGER APPARATEBAU: COMPANY OVERVIEW
10.2.4 HISAKA WORKS, LTD.
TABLE 209 HISAKA WORKS, LTD.: COMPANY OVERVIEW
10.2.5 RADIANT HEAT EXCHANGER PVT. LTD.
TABLE 210 RADIANT HEAT EXCHANGER PVT. LTD.: COMPANY OVERVIEW
10.2.6 SWEP INTERNATIONAL AB
TABLE 211 SWEP INTERNATIONAL AB: COMPANY OVERVIEW
10.2.7 VAHTERUS OY
TABLE 212 VAHTERUS OY: COMPANY OVERVIEW
10.2.8 KAORI
TABLE 213 KAORI: COMPANY OVERVIEW
10.2.9 DIVERSIFIED HEAT TRANSFER
TABLE 214 DIVERSIFIED HEAT TRANSFER: COMPANY OVERVIEW
10.2.10 HRS HEAT EXCHANGERS
TABLE 215 HRS HEAT EXCHANGERS: COMPANY OVERVIEW
10.2.11 ONDA
TABLE 216 ONDA: COMPANY OVERVIEW
10.2.12 SECESPOL
TABLE 217 SECESPOL: COMPANY OVERVIEW
10.2.13 HYDAC
TABLE 218 HYDAC: COMPANY OVERVIEW
10.2.14 BAODE
TABLE 219 BAODE: COMPANY OVERVIEW
10.2.15 THERMOFIN
TABLE 220 THERMOFIN: COMPANY OVERVIEW
11 APPENDIX
11.1 INSIGHTS OF INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 CUSTOMIZATION OPTIONS
11.5 RELATED REPORTS
11.6 AUTHOR DETAILS
The report, “Plate & Frame Heat Exchangers Market by Type (Brazed, Gasketed, Welded), by Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), and Region - Trends & Forecast to 2020” defines and segments the global plate & frame heat exchangers market with analysis and forecasting of the global consumption revenue.
Plate & frame heat exchangers: $5.5 Billion market by 2020 signifying firm annualized growth rate of 9.30% from 2015 to 2020.
Europe has always been a strong market for plate & frame heat exchangers and globally, this market has been a leader for plate & frame heat exchangers with respect to demand as well as production capacity. The region has the presence of most of the global leaders in heat exchanger manufacturing. Plate & frame heat exchangers consumption in the region is estimated to grow at a CAGR of around 6.50% from 2015 to 2020. This region has a relatively slow growth rate as a result of its dominant market size and slow economic activity as compared to the other regions. The demand in this region is boosted mainly due to the surging energy demand form end-user industries.
Asia-Pacific, being the fastest growing plate & frame heat exchangers market globally, is estimated to grow at a CAGR of 13.90% for the next five years. Asia-Pacific is witnessing high industrial growth rate, which hints at an ever-increasing demand for plate & frame heat exchangers for its diverse applications. China is expected to witness strong growth in its plate & frame heat exchangers market due to increasing demand from chemical, food & beverage, and oil & gas industry.
China dominates the plate & frame heat exchangers market in Asia-Pacific region, being a major consumer and the fastest growing country in terms of plate & frame heat exchangers demand. The demand for plate & frame heat exchangers from chemical industry is expected to grow at a rapid pace in the next five years from 2015 to 2020. After China, countries, including India, Japan and other Asian countries, are showing increasing growth in demand for plate & frame heat exchangers. Moreover, increasing number of plate & frame heat exchangers manufacturers from Asian countries are putting vigorous efforts for developing a strong base of plate & frame heat exchangers market, with a target of reducing plate & frame heat exchangers imports.
