Plate Heat Exchanger Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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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

Drivers

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.

Restraint

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: 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
  • Polymers
  • Pharmaceutical
  • Industrial
  • Energy & Power
  • HVAC – Heating/ Air Conditioning
  • Marine

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
  • HOLTOP
  • ALFA LAVAL AB
  • API Heat Transfer
  • SPX Corporation

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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