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Global Plate and Frame Heat Exchangers Market to Grow at a CAGR of 6.53% During 2022-2027, Aided by the Robust Growth of the Food and Beverage Industry

According to a new report by EMR titled, ‘Global Plate and Frame Heat Exchangers Market Report and Forecast 2022-2027’, the global market for plate and frame heat exchangers attained a value of more than USD 3.84 billion in 2021. The industry is further expected to grow at a CAGR of 6.53% in the forecast period of 2022-2027 to reach a value of over USD 5.6 billion by 2027.

The robust growth of the food and beverage industry across the globe is increasing the deployment of plate and frame heat exchangers to eliminate microbes and enhance the safety of edible products. This, in turn, is driving the growth of the market. As optimal temperature, pressure, and heat exchange is crucial in filling operations, pasteurisation, and food safety in the dairy and beverage industries, the market is witnessing rapid growth. Moreover, the growing requirements for optimal heat exchangers during food and beverages processing is increasing the use of plate and frame heat exchangers to maximise efficiency, which is significantly contributing to the market growth.

Some of the leading companies in the market are Hisaka Works, Ltd. (TYO: 6247) and Kelvion Holding GmbH. The latter launched its new plate exchanger, NP150X, in January 2019. It features a shallow plate gap and a small pitch to ensure excellent heat transfer and highly turbulent flow at very small temperature differences. The product is able to achieve higher nephelometric turbidity unit (NTU) values to increase overall performance and efficiency, as compared to the company’s NX and NT series. It is available in diverse thicknesses, such as 0.4, 0.5, 0.6 mm and is suitable for pressure up to 42 barg. It is tailored to meet the requirements of heat transfer while withstanding high pressure in a high rise building cold supply, district cooling centre, and data centre cooling. The development of such innovative products by the leading companies is surging the demand for plate and frame heat exchangers, which is propelling the market growth.

Market Analysis by Type, Application, and Region:

  • The market, on the basis of type, can be divided into welded, gasketed, and brazed, among others.
  • Based on application, the industry can be divided into chemical and petrochemical, HVAC and refrigeration, food and beverage, oil and gas, power generation, and pulp and paper, among others.
  • The regional markets for plate and frame heat exchangers include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand for plate and frame heat exchangers to boost the efficiency of heat energy transfer while minimising costs in the paper and pulp industry is augmenting the market growth.
  • The market is being aided by the increasing deployment of plate and frame heat exchangers in HVAC systems.
  • The growing use of plate and frame heat exchangers in power generation to form combined heat and power (CHP) is propelling the industry growth.
  • The development of innovative plate and frame heat exchangers to reduce cost, boost heat exchange, and enhance efficiency is providing impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for plate and frame heat exchangers for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, applications, and major regions of plate and frame heat exchangers.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global plate and frame heat exchangers market are Hisaka Works, Ltd., Kelvion Holding GmbH, Danfoss Group, Fischer Maschinen- und Apparatebau GmbH, SGL Carbon SE, and Koch Industries, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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