Global Brazed Plate Heat Exchanger Market
The Global Brazed Plate Heat Exchanger Market was valued at US$923 million in 2021 and it is expected to reach at US$1541 million in 2027 at a CAGR of 7.01% during forecast period 2022-2027.
A brazed plate heat exchanger has corrugated plates that connect to form channels that can transmit a hot or cold medium. The brazed plate heat exchanger uses heat to completely penetrate the surface before separating the hot medium from the cold medium. Gases and fluids are thereby heated and cooled using the least amount of energy possible.
Market Drivers
Petrochemical, chemical, oil & gas, HVACR, power generation, and food & beverage industries all heavily utilize brazed plate heat exchangers. Additionally, the brazed plate heat exchangers market is anticipated to rise significantly due to the rising demand for services and goods from these industries across the globe. Brazed plate heat exchangers are widely used in a variety of intricate processes, including evaporation, separation, heating, cooling, condensing, and others, which explains their high level of acceptance.
Market Restraints
The primary constraints restricting demand for brazed plate heat exchangers and impeding the rate of market expansion are the maintenance and ongoing repair costs of these devices. The brazed plate heat exchangers market is also anticipated to experience slow growth throughout the forecast period due to the product's non-movable nature.
Market Segmentation
The global brazed plate heat exchanger market is segmented into product, application and end-use industry. By product it segmented into single circuit, multi-circuit. By application it segmented into evaporator, condenser, and economizer. By end-use it segmented into HVACR, chemical, food and beverage, power, heavy industries, others.
Regional Analysis
The global brazed plate heat exchanger market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of revenue and market share, Europe dominates the brazed plate heat exchangers market. This is because infrastructure development in this area is receiving increasing levels of funding. Due to the rising utilization of the product in industrial and HVAC applications as well as the expansion of modern infrastructure in these regions, North America and Asia-Pacific are predicted to see the quickest growth during the forecast period.
Key Players
Various key players are listed in this report such as SPX Technologies (U.S.), API Heat Transfer, (U.S.), SHECO Industries, Inc. (U.S.), Alfa Laval (Sweden), HRS Heat Exchangers (U.K.), Koch Heat Transfer Company (U.S.), Hughes Anderson Heat Exchangers Inc. (U.S.), Atlas Copco UK Holdings (Sweden), Hindustan Dorr-Oliver Ltd (India), Modine Manufacturing Company (U.S.)
Market Taxonomy
By Product
By Application
By End Use
Key Question Addressed by the Report
Global Brazed Plate Heat Exchanger Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Brazed Plate Heat Exchanger Outlook
4.1Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Brazed Plate Heat Exchanger Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By Product
5.3 Global Brazed Plate Heat Exchanger Market Size and Forecast, By Product
5.3.1 Single Circuit
5.3.2 Multi-Circuit
6 Global Brazed Plate Heat Exchanger Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By Application
6.3 Global Brazed Plate Heat Exchanger Market Size and Forecast, By Application
6.3.1 Evaporator
6.3.2 Condenser
6.3.3 Economizer
7 Global Brazed Plate Heat Exchanger Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By End Use
7.3.1 HVACR
7.3.2 Chemical
7.3.3 Food and Beverage
7.3.4 Power
7.3.5 Heavy Industries
7.3.6 Others
8 Global Brazed Plate Heat Exchanger Market, By Region
8.1 Global Brazed Plate Heat Exchanger Market Share Analysis, By Region
8.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By Region
9 North America Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Brazed Plate Heat Exchanger Market Share Analysis, By Product
9.3 North America Brazed Plate Heat Exchanger Market Size and Forecast, By Application
9.4 North America Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
9.5 North America Brazed Plate Heat Exchanger Market Size and Forecast, By Country
9.5.1 U.S
9.5.2 Canada
9.5.3 Mexico
10 Europe Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Brazed Plate Heat Exchanger Market Share Analysis, By Product
10.3 Europe Brazed Plate Heat Exchanger Market Size and Forecast, By Application
10.4 Europe Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
10.5 Europe Brazed Plate Heat Exchanger Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By Product
11.3 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By Application
11.4 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
11.5 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By Product
12.3 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By Application
12.4 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
12.5 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2. Rest of Latin America
13 Middle East Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle Brazed Plate Heat Exchanger Market Share Analysis, By Product
13.3 Middle Brazed Plate Heat Exchanger Market Size and Forecast, By Application
13.4 Middle Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
13.5 Middle Brazed Plate Heat Exchanger Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1. SPX Technologies (U.S.)
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Development
15.1.6 Key Strategies
15.2. API Heat Transfer, (U.S.)
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. SHECO Industries, Inc. (U.S.)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Alfa Laval (Sweden)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. HRS Heat Exchangers (U.K.)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Koch Heat Transfer Company (U.S.)
15.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Hughes Anderson Heat Exchangers Inc. (U.S.)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8. Atlas Copco UK Holdings (Sweden)
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. Hindustan Dorr-Oliver Ltd (India)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10. Modine Manufacturing Company (U.S.)
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
