Plate Heat Exchangers Market is Forecasted to Reach US$ 5.7 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global plate heat exchangers market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 5.7 billion

Growth (CAGR): 5.6% during 2024-2030

Leading Type: Gasket Plate Heat Exchangers

Leading End-Use Industry Type: Petrochemical & Chemical

Leading Region: Asia-Pacific

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Plate Heat Exchangers Market:

The global plate heat exchangers market is segmented based on type, end-use industry type, and region.

Based on type – The market is segmented into gasket plate heat exchangers, all-welded plate heat exchangers, and brazed plate heat exchangers. The gasket plate heat exchanger is projected to maintain its dominance during the forecast period. The growth of the segment can be attributed to the benefits offered by gasket plate heat exchangers, which include precise heat transfer, overall low cost, less fouling, low energy consumption, and easy capacity expansion. They also provide less stress, wear, and corrosion. The all-welded plate heat exchanger is estimated to experience the fastest growth during the forecast period. They are highly durable and ideal for transferring corrosive fluids. They can withstand high temperatures across a single compact unit, provide a greater heat recovery, and require low investment and installation costs.

Based on end-use industry type - The market is segmented as oil & gas, petrochemical & chemical, food & beverage, power generation, HVAC & refrigeration, water & wastewater, pharmaceuticals, marine & shipbuilding, and others. Petrochemical & chemical is projected to remain the largest and the fastest-growing segment of the market during the forecast period. Plate heat exchangers are in high demand in the petrochemical & chemical industry due to their high heat transfer coefficient, adaptability, compact structure, access to harsh liquids, and greater efficiency in heat recovery.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest and fastest-growing region in the market during the forecast period. This growth outlook is majorly attributed to the following–

·      China is likely to remain the demand propeller in the regional market.

·      Growing renewable energy sources, increasing expansion of nuclear power plants, expected increase in oil & gas production, and the presence of leading manufacturers of various petroleum products, and their exploration in China are likely to drive the country’s market.

Plate Heat Exchangers Market Drivers:

Some of the key drivers listed in the report are given below.

·      Organic growth of various end-use industries, such as petrochemical & chemical, power generation, oil & gas, HVAC & refrigeration.

Top Companies in the Plate Heat Exchangers Market:

The market is fairly populated, with the presence of some local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

• Alfa Laval AB
• Chart Industries, Inc.
• Danfoss (Sondex A/S)
• Johnson Controls International PLC
• Kelvion Holdings GmbH
• Linde plc

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      Heat Exchangers Market

-      Air-Cooled Heat Exchangers Market

About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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