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Global Plate and Frame Heat Exchangers Market Size, Growth: By Type: Welded, Gasketed, Brazed, Others; By Application: Chemical and Petrochemical, HVAC and Refrigeration, Food and Beverage, Oil and Gas, Power Generation, Pulp and Paper, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Plate and Frame Heat Exchangers Market Outlook
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.
Rising Demand for Plate and Frame Heat Exchangers in the Paper and Pulp Industry Bolstering the Market Growth
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: Market Segmentation
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:
- Welded
- Gasketed
- Brazed
- Others
The market can be broadly categorised on the basis of its application segments into:
- Chemical and Petrochemical
- HVAC and Refrigeration
- Food and Beverage
- Oil and Gas
- Power Generation
- Pulp and Paper
- Others
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.
Growing Use of Plate and Frame Heat Exchangers in Power Generation to Augment the Industry Growth
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.
Key Industry Players in the Global Plate and Frame Heat Exchangers Market
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:
- Hisaka Works, Ltd.
- Kelvion Holding GmbH
- Danfoss Group
- Fischer Maschinen- und Apparatebau GmbH
- SGL Carbon SE
- Koch Industries, Inc.
- Others
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.
Key Highlights of the Report
| 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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| Companies Covered |
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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plate and Frame Heat Exchangers Market Analysis
8.1 Key Industry Highlights
8.2 Global Plate and Frame Heat Exchangers Historical Market (2018-2023)
8.3 Global Plate and Frame Heat Exchangers Market Forecast (2024-2032)
8.4 Global Plate and Frame Heat Exchangers Market by Type
8.4.1 Welded
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Gasketed
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Brazed
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Plate and Frame Heat Exchangers Market by Application
8.5.1 Chemical and Petrochemical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 HVAC and Refrigeration
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food and Beverage
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Oil and Gas
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Power Generation
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Pulp and Paper
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Plate and Frame Heat Exchangers Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Plate and Frame Heat Exchangers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Plate and Frame Heat Exchangers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Plate and Frame Heat Exchangers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Plate and Frame Heat Exchangers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Plate and Frame Heat Exchangers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hisaka Works, Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kelvion Holding GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Danfoss Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fischer Maschinen- und Apparatebau GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SGL Carbon SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Koch Industries, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plate and Frame Heat Exchangers Market: Key Industry Highlights, 2018 and 2032
2. Global Plate and Frame Heat Exchangers Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Plate and Frame Heat Exchangers Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Plate and Frame Heat Exchangers Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Plate and Frame Heat Exchangers Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Plate and Frame Heat Exchangers Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Plate and Frame Heat Exchangers Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Plate and Frame Heat Exchangers Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Plate and Frame Heat Exchangers Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Plate and Frame Heat Exchangers Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Plate and Frame Heat Exchangers Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Plate and Frame Heat Exchangers Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Plate and Frame Heat Exchangers Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Plate and Frame Heat Exchangers Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Plate and Frame Heat Exchangers Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Plate and Frame Heat Exchangers Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Plate and Frame Heat Exchangers Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Plate and Frame Heat Exchangers Market Structure
Key Questions Answered in the Report
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.
What are the major regional markets of plate and frame heat exchangers, according to the EMR report?
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.
Analyst Review
The global plate and frame heat exchangers market attained a value of more than USD 4.36 billion in 2023, driven by the growing use of plate and frame heat exchangers in the paper and pulp industry. Aided by the development of innovative plate and frame heat exchangers, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.53%. The market is projected to reach over USD 7.68 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the plate and frame heat exchangers industry can be segmented into welded, gasketed, and brazed, among others. On the basis of applications, the industry is divided into chemical and petrochemical, HVAC and refrigeration, food and beverage, oil and gas, power generation, and pulp and paper, among others. The major regional markets for plate and frame heat exchangers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hisaka Works, Ltd., Kelvion Holding GmbH, Danfoss Group, Fischer Maschinen- und Apparatebau GmbH, SGL Carbon SE, and Koch Industries, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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