Plate Heat Exchanger Market: Introduction
Plate heat exchanger generally uses metal plates to transfer heat between two fluids. It operates in same way as shell and tube heat exchanger, using a series of arranged plates instead of tubes. Plate heat exchanger can be of various type such as gasketed plate, brazed plate and welded plate. Among these, brazed plate heat exchanger is expected to witness significant market growth due to growing use in floor heating, refrigerant evaporators, condensers, oil coolers, etc.
Plate heat exchanger are used in various applications such as food & beverages, petroleum/ chemical processing, hydrocarbon processing, polymers, pharmaceutical, industrial, energy & power, HVAC and marine. Among these, plate heat exchanger are widely used in refrigerant or in food & beverages processing owing to its compact steel construction. Moreover, rising demand for effective thermal management in commercial and residential establishments is anticipated to drive HVAC demand over the forecast period.
Plate Heat Exchanger Market: Market Dynamics
Energy infrastructure expansion along with growing demand from power generation segment is expected to be a factor which give traction to the growth of plate heat exchanger market over the forecast period. Low maintenance and operation cost is expected to be another factor which is expected to drive the growth of plate heat exchanger market over the forecast period. Additionally, plate heat exchanger are highly efficient and requires less space compare to others which further expected to upsurge the demand of plate heat exchanger market during the forecast period. That apart, the different advantages of plate heat exchanger such as easy to remove and clean, avoid cross contamination, asymmetrical flow gap available for the most costeffective solution and less fouling will also add to the growth of market.
High initial cost since titanium plates are expensive is expected to be a barrier that hinder the growth of plate heat exchanger market. Moreover, challenges such as finding leakage is difficult and pressure drop caused by plate cooler is higher are also expected to hamper the growth of plate heat exchanger market over the forecast period. Additionally, skilled labors are require for dismantling and assembling of plate which will further act as a restraining factor for the growth of plate heat exchanger market. Furthermore, increasing competition from new participants is also anticipated to be a factor restraining the growth of plate heat exchanger market in the upcoming future.
Plate Heat Exchanger Market: Region-Wise Outlook
During the forecast period, North America will be closely followed by Europe in terms of anticipated growth. Both these market are expected to witness rich growth in the plate heat exchanger market, owing to high demand as well as production capacity. Asia Pacific in particular is expected to witness significant growth in the plate heat exchanger market, due to increasing demand from food & beverages, oil & gas and chemical industry. Japan and other ASEAN countries, anticipated to grow with a significant CAGR, due to increasing demand of plate heat exchanger from these countries. The Middle East and Africa region is projected to support growth of the plate heat exchanger market over the forecast period, due to expected rapid industrialization in upcoming years.
Plate Heat Exchanger Market: Market Participants
Examples of some of the market participants identified across the value chain of the global plate heat exchanger market include:
- WCR, Inc.
- JC Equipments Pvt Ltd
- Kelvion Holding GmbH
- HRS Process Systems Ltd.
- Tranter Inc.
- REX Heat Exchanger
- Industrial Heat Transfer, Inc.
- Heat Exchanger USA
- Kelvion Holdings GmbH
- Mason Manufacturing LLC
- UK Exchangers Ltd.
- Guntner GmbH & Co. KG
- Thermotec GmbH
- ALFA LAVAL AB
- API Heat Transfer
- SPX Corporation
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Plate Heat Exchanger Market: Segmentation
The global plate heat exchanger market can be segmented on the basis of product type and end user.
Based on product type, the global plate heat exchanger market can be segmented as:
- Gasketed Plate
- Brazed Plate
- Welded Plate
- Fully Welded Plate
- Semi Welded Plate
Based on application, the global plate heat exchanger market can be segmented as:
- Process Heating
- Batch Heating
- Heat Recovery Interchangers
Based on end user, the global plate heat exchanger market can be segmented as:
- Food & Beverages
- Petroleum/ Chemical Processing
- Hydrocarbon Processing
- Energy & Power
- HVAC – Heating/ Air Conditioning
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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