The global plate and frame heat exchanger market is expected
to reach USD 5.99 billion by 2022, according to a new report by Grand View
Research, Inc. Growing awareness towards energy efficiency coupled with
construction space constraints is expected to drive the market over the
forecast period. Surging demand for thermal management in district heating
applications is expected to drive product significance in commercial and
residential sectors over the long term.
Technological
advancements along with surging requirement for heat recovery utilities in
chemical, food & beverage and HVAC sectors is expected to steer plate and
frame heat exchangers market growth. Growing energy efficient utilities need
along with expanding power generation infrastructure in economies including
India, Vietnam, China and Thailand is anticipated to drive market growth.
U.S. plate and frame heat exchanger market revenue, by product, 2012-2022 (USD Million) |
Welded
systems emerged as the leading product segment and accounted for over 20% of
total market revenue in 2014. Owing to its widespread use in oil & gas,
automobile, pharmaceuticals, petrochemicals and paper manufacturing industries,
the segment is expected to gain share over other counterparts over the next
seven years. This product segment is anticipated to increase penetration in oil
& gas industry owing to reduced chance of leakage and enhanced corrosion
resistance.
Full
Research Report On Global Plate And Frame Heat Exchanger Market Analysis:
Further
key findings from the report suggest:
- Global plate & frame
heat exchanger market was worth USD 3.41 billion in 2014 and is expected
to reach USD 5.99 billion by 2022, at a CAGR of 7.3% from 2015 to 2022
- Chemicals emerged as the
leading end-use industry with demand share estimated at 23.9% in 2014.
Growing chemical & petrochemical industry particularly in the U.S.,
Germany and China is anticipated to impact plate & frame heat
exchangers demand positively over the next seven years. HVAC &
refrigeration is expected to witness the highest growth of 8.0% from 2015
to 2022.
- Europe was the leading
regional market and accounted for 37.5% of global revenue in 2014.
Increasing product use across refineries and chemical industries owing to
stringent government regulations have been the major factor contributing
for high penetration.
- Asia Pacific is expected
to witness the highest gains in its market size over the forecast period.
The region is expected to grow at an estimated CAGR of 8.4% from 2015 to
2022.
- The global industry is
moderately fragmented with presence of large number participants across
the globe. Major companies involved in manufacturing & distribution of
plate heat exchangers include AIC S.A., API Heat Transfer, Danfoss,
Fischer Maschinen-und Apparatebau AG, Kelvion, Guntner, Hisaka Works, Alfa
Laval, Kaori Heat Treatment and SWEP International.
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the plate and frame heat exchanger
market on the basis of product, application and region:
Global
Plate and Frame Heat Exchanger Product Outlook (Revenue, USD Million, 2012 -
2022)
- Brazed
plate heat exchanger
- Gasketed
plate & frame heat exchanger
- Welded
plate & frame heat exchanger
- Others
Global
Plate and Frame Heat Exchanger End-Use Outlook (Revenue, USD Million, 2012 -
2022)
- Chemical
- Food
& beverage
- HVAC
& refrigeration
- Oil
& gas
- Power
generation
- Pulp
& paper
- Others
Global
Plate and Frame Heat Exchanger Regional Outlook (Revenue, USD Million, 2012 -
2022)
- North
America
- U.S
- Canada
- Europe
- Germany
- France
- Italy
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Middle
East and Africa
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-plate-frame-heat-exchanger-market
http://www.grandviewresearch.com/press-release/global-plate-frame-heat-exchanger-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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