Global Plate And Frame Heat Exchangers Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Plate And Frame Heat Exchangers Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Plate And Frame Heat Exchangers market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global plate and frame heat exchangers market size was estimated at USD 3.32 billion in 2019 and is expected to register a CAGR of 6.9% over the forecast period. Technology innovations coupled with increasing focus on improving efficiency standards is anticipated to stimulate the growth.

The market is expected to witness substantial growth owing to the rising need for heat exchangers in industrial, commercial, and engineering applications ranging from automotive to commercial building Heating, Ventilation, and Air Conditioning (HVAC). In addition, rising demand for nuclear power coupled with the expansion of global energy infrastructure is anticipated to drive the product demand.

Growing concern regarding fluctuating oil prices along with stringent environmental regulations regarding greenhouse gas emissions has spurred development in nuclear and renewable energy sectors. China, Russia, South Korea, and Slovakia have started adopting carbon pricing in the form of emission trading and carbon taxing. Ongoing participation of these economies to reduce emission levels in the energy industry has surged the demand for the plate and frame heat exchangers in recent times.

Global concentrated solar power industry has been witnessing significant growth over the past few years, owing to the technological advancements in thermal storage system, commercialization of molten salt fluid technologies, and adjustability to moderate weather conditions. It is one of the most cost-efficient sources of power generation with reduced levels of CO2 emissions. Changing consumer shift toward renewable energy is anticipated to open new avenues for plate and frame heat exchanger manufacturers in the forthcoming years.

Most processes in petrochemical facilities involve high temperature and pressure, thus it necessitates optimization of the heat transfer process and enhances energy saving. Growing concerns regarding fouling in heat exchangers has encouraged companies to develop sensors for early warning and high-temperature coatings for enhanced durability. Such technological developments in plate heat exchangers are likely to drive the product demand over the forecast period.

Traditional heat exchangers require huge footprint, thus increasing the layout area and overall construction costs of the facility. Maintenance and disassembly of these equipment causes additional cost to the facility owners. Shell and tube units incur high maintenance costs owing to their large size and component weights, are anticipated to restrict the market growth

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Plate And Frame Heat Exchangers market are included as given below:

Key market players include AIC S.A.; Danfoss, Alfa Laval; und Apparatebau GmbH; Fischer Maschinen API Heat Transfer, Inc.; Guntner GmbH & Co. KG; Hisaka Works Limited, and Kelvion Holding GmbH. Manufacturers are looking for options that would reduce the capital investments along with the related maintenance and operation costs to increase their sales.

The market is highly fragmented in nature with the presence of various global and regional players. Manufacturers opt for significant capacity expansions to cater to the rising product demand from emerging economies. Moreover, companies are also involved in extensive R&D activities along with mergers and acquisitions with leading manufacturers and distributors to strengthen their global market presence

The global Plate And Frame Heat Exchangers market has been segmented as below:

• Product 

  • Brazed

  • Gasketed

  • Welded

  • Others

• Application 

  • Chemical

  • Food & Beverage

  • HVAC & Refrigeration

  • Oil & Gas

  • Power Generation

  • Pulp & Paper

  • Others

• Global Plate And Frame Heat Exchangers Market by Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Plate And Frame Heat Exchangers development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects