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Global plate and frame heat exchangers market forecast from 2017 to 2024 scrutinized in new research

Global plate and frame heat exchangers market forecast from 2017 to 2024 scrutinized in new research

Plate and frame heat exchangers consist of a series of slender corrugated formed metal plates. Every pair of plate’s form a passage in which the fluid flows. They are then stacked collectively to form a sandwich type construction in which the other fluid flows in the spaces created between successive pairs of plates.There is a growing demand for plate and frame heat exchangers in chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverage, power generation and pulp and paper industrial activity, which is expected to be one of the major drivers of the market over the next seven years.

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The global plate and frame heat exchangers market accounted for USD 3.75billion in 2016 and is projected to grow at a CAGR of 9.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Plate and Frame Heat Exchangers Market By Type (Gasketed, Welded, Brazed) By Application (Chemical, Petrochemical and Oil and Gas, HVAC and Refrigeration, Food and Beverage, Power Generation, Pulp and Paper) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

Company Share Analysis: 

The global plate and frame heat exchangers market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers and acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market

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Market Segmentation: 

On the basis of type:- Gasketed, welded and brazed.

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On the basis of application:- Chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverage, power generation and pulp and paper.

On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Top Companies of  Market:-

  • AIC S.A.,
  • GEA Group,
  • Alfa Laval,
  • API Heat Transfer,
  • Danfoss Group,
  • Fischer Maschinen und Apparatebau GmbH,
  • Kelvion Holding GmbH,
  • Guntner GmbH and Co. KG,
  • Hisaka Works Ltd., HRS,
  • Kaori Heat Treatment Co., Ltd.,
  • SGL Group,
  • SPX Flow,
  • SWEP International AB,
  • Tranter, Inc.,
  • Xylem,Anguil Environmental,
  • JFD Tube and Coil Products, Inc.,
  • Markair, Inc.,
  • Wessels Company,
  • Exergy, LLC,
  • Mason Manufacturing LLC,
  • Heat Exchanger USA,
  • Industrial Heat Transfer, Inc.

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Major Market Drivers:

  • Growing demand of plate and frame heat exchanger in nuclear power plants
  • Rising concentrated solar power (CSP) sector
  • Use of plate and frame heat exchanger in petrochemical sector

Market restraint:                  

  • High cost of production
  • Availability of other heat exchangers

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