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The global plate and frame heat exchangers market attained a value of more than USD 4.36 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.53% to reach over USD 7.68 billion by 2032.
The increasing use of plate and frame heat exchangers to enhance the cost-effectiveness and efficient heat transfer in the paper and pulp industry is bolstering the market growth. Plate and frame heat exchangers enable the recovery of heat in pulp production to boost the energy-efficiency, which is propelling the growth of the industry. Moreover, the minimal installation costs and investment required by plate and frame heat exchangers are surging their deployment, which is bolstering the industry growth. The development of plate and frame heat exchangers that operate with fibrous fluids is expected to drive the market growth.
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The growing demand for plate and frame heat exchangers in the heating, ventilation, and air condition systems is fuelling the market growth. It is extensively used in industrial HVAC systems to promote waste heat recovery and prevent gas leaks, which is augmenting the industry growth. Moreover, the lightweight and excellent heat transfer capacity of plate and frame heat exchangers are surging their utilisation in various applications, thus significantly contributing to the growth of the industry.
Plate and frame heat exchangers are equipment that are made of corrugated frames on plates. The plates can be compressed or added in accordance with the requirement for heat exchange, which makes them versatile. They are typically deployed for liquid-liquid exchange at medium pressures. Plate and frame heat exchangers provide a high value for heat transfer coefficient, due to which they are extensively used in various applications.
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The major types of plate and frame heat exchangers are:
The market can be broadly categorised on the basis of its application segments into:
The EMR report looks into the regional markets of plate and frame heat exchangers like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market growth of plate and frame heat exchangers in power generation is augmenting the market growth. The deployment of plate and frame heat exchangers to form combined heat and power (CHP) system is augmenting the growth of the market. In addition, plate and frame heat exchangers are increasingly deployed to save heat energy while enhancing the overall efficiency of power generation plants. As plate and frame heat exchangers are extensively deployed in nuclear power generation plants, the growing demand for sustainable energy is estimated to significantly contribute to the growth of the market.
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The development of innovative plate and frame heat exchangers to boost heat exchange performance, reduce cost, enhance efficiency, and counteracts fouling problem, is anticipated to propel the market growth. The use of metals such as copper to increase durability of plate and frame heat exchangers while enabling them to withstand challenging temperature and pressure weather conditions are estimated to invigorate the industry growth. In addition, advanced plate and frame heat exchangers that can be utilised in versatile applications, such as HVAC, engine heating, and dairy production, among others, are increasingly preferred, which is predicted to provide further impetus to the growth of the industry in the forecast period.
The report presents a detailed analysis of the following key players in the global plate and frame heat exchangers market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global plate and frame heat exchangers market attained a value of more than USD 4.36 billion.
The market is projected to grow at a CAGR of 6.53% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 7.68 billion by 2032.
The market is being aided by the growing use of plate and frame heat exchangers in the paper and pulp industry and the rising demand for waste heat recovery in HVAC systems.
The industry is expected to be augmented by the growing demand for plate and frame heat exchangers in power generation, the rising demand for sustainable energy, and the development of innovative plate and frame heat exchangers.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of plate and frame heat exchangers in the industry are welded, gasketed, and brazed, among others.
The significant application segments in the market are chemical and petrochemical, HVAC and refrigeration, food and beverage, oil and gas, power generation, and pulp and paper, among others.
The major players in the industry are Hisaka Works, Ltd., Kelvion Holding GmbH, Danfoss Group, Fischer Maschinen- und Apparatebau GmbH, SGL Carbon SE, and Koch Industries, Inc., among others.
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Australia
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+61 448 06 17 27
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+91-858-608-1494
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+63 287899028, +63 967 048 3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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