Brazed Plate Heat Exchanger Market Size, Share, By Brazing Material Type (Stainless Steel, Aluminum, Copper, and Nickel, and Others), Application (Snow Melting, Water Heating, Heat Pump, Air Conditioning, Chiller, Condenser, Evaporators, and Others), End-User (Oil & Gas, Chemical, Food & Beverage, Power, Heavy Industries, and Others), and Region - Trends, Analysis, and Forecast till 2035

• By 2035, the target market is expected to increase at a rate of USD 2090.7 Million.
• In 2024, brazed plate heat exchanger market size was valued at USD 1037.9 Million.
• The market is expanding at a 7.3% CAGR.

A brazed plate heat exchanger is a compact heat exchanger that transfers heat between two fluids without mixing them and it is made up of thin, corrugated metal plates that are brazed together with copper or nickel. The benefit of brazed plate heat exchanger is the superior heat transfer and improve system efficiency. It is leak-proof unit, facilitates heat transfer between fluids, such as water, oil or refrigerants, it is suitable for large scale if industrial and HVAC applications.

The brazed plate heat exchanger market growth is driven by the growth of global construction sector and increasing use in a variety of industries, such as, heating, cooling, food processing, and many more. Rapid industrialization and construction sector can also drive the brazed plate heat exchanger market growth.

For instance, in May 2023, Alfa Laval expands their brazed plate heat exchanger capacity to support the global energy transition and to meet consumer need for energy consumption. The aim is to introduce a copper-brazed plate heat exchanger are a compact, efficient, and maintenance free solutions for heating, cooling, evaporation, and condensing in applications, such as heat pumps.

Impact of AI on Brazed Plate Heat Exchanger Market:

Artificial Intelligence (AI) has played a significant role to reduce cost and performance optimization in heat exchanger technologies. AI contains machine learning, deep learning, and predictive maintenance. New developments include smart heat exchangers with IoT capabilities for real-time monitoring and has power to completely transform heat exchanger technology by enhancing sustainability and efficiency.  

Key Drivers of Target Market:

High Heat Transfer Efficiency is expected to drive the Market Growth

Brazed plate heat exchanger made up of thin, corrugated plates that provides a large surface area for heat transfer. It can be used for heating or cooling purpose. Brazed plate heat exchangers can help to reduce energy consumption and increase heat recovery potential, and they can achieve a heat transfer efficiency of up to 95% as compared to other types of heat exchanger.

For instance, in June 2024, Alfa Laval Company launched the new Alfa Laval AC65 brazed plate heat exchanger, specially aimed to design to meet the growing market demand for next-generation heat exchangers for high-volume heat pump market. The tall, thin design of AC65 creates a high thermal-length, which gives effective evaporator and condenser for reversible heat pumps.

Compact Design and Sustainability of Heat Exchanger to Propel Brazed Plate Heat Exchanger Market Growth

The brazed plate heat exchanger has a compact design, which makes them ideal for industrial application and heating or cooling purpose. Brazed plate heat exchanger is compact, efficient, and sustainable as they use large surface area for heat transfer and thermally efficient than other types of heat exchangers. Brazed plate heat exchanger offers sustainability by reducing energy consumption and increasing heat recovery potential.

• For instance, in September 2020, Alfa Laval introduced the AC74, a new generation heat exchanger designed for more sustainable heating and cooling solutions. To reduce high global warming potential (GWP) refrigerants, the AC74 is designed to enhance energy efficiency and support the use of low-GWP refrigerants, such as R-32 (Difluromethane). The AC74 is aimed to help customers meet their demands for energy efficiency and new refrigerants in both industries and heating or cooling temperature.

Restraints:

Risk of Corrosion Can Disrupt the Target Market Growth

The metal plates of the brazed plate heat exchanger may become corroded after coming in contact with air or water. It can reduce the target market growth, by reducing the efficiency and lifespan of the heat exchanger. The chemical and environmental conditions plays a major role in metal corrosion.

• Counterbalance Statements:  Use of corrosion resistance material to resist corrosion from chemical and environmental conditions. Non-corrosive material contains aluminum, titanium, and plastic-coated material. Titanium has suitable property for heat exchanger construction, as it is light weight, corrosion-resistant, and has good transfer properties.

Opportunities & Market Trends:

Raising Demand for Industrial Application Can Drive the Market Opportunity

The increasing use of brazed plate heat exchanger in industrial level, such as automotive, oil & gas, and power technologies can drive the target market growth in upcoming years. The opportunities being developed for renewable energy source, compact and light weight heat exchangers in mobile applications, and technological advancements can drive the target market expansion.  Also, the rising demand for brazed plat heat exchangers in emerging economics gives significant opportunities for manufactures to expand their products.

The brazed plate heat exchanger is classified into brazing material type, application, end-user, and region.

Brazing Material Type:

Stainless steel, aluminum, copper, nickel, and others are the segment under the brazing material type of brazed plate heat exchanger market. The Stainless-Steel material is widely used as heat exchanger material which can drive the target market growth over the forecast period. Stainless Steel have corrosion resistance property, high durability, and cost effective material in brazed plate heat exchanger. It is used in presence of corrosive fluids, such as chemical and oil and food processing industry. 

Application:

By application, the focused market is categorized into snow melting, water heating, heat pump, air conditioning, chiller, condenser, evaporators, and others. The use of brazed plate heat exchanger in air conditioning systems segment will dominate the brazed plate heat exchanger market share. Brazed plate heat exchanger in air conditioning transfers heat between hot and cold fluids, which improves system efficiency and reduce energy consumption, further boosting the segment’s expansion.

• For instance, in September 2024, Alfa Laval launched new three heat exchangers for air conditioning systems, which are specially designed for heat transfer, separation, and fluid handling. The new products include, SE series, designed for use with propane heat pumps and air-conditioning systems in both residential and commercial applications. AC900, a single-circuit brazed heat exchanger provides compact structure of carbon dioxide emission, Semi-welded plate, designed for industrial ammonia heat pumps and chillers. These new products are mainly designed for domestic, commercial, and industrial applications.

End-User:

Brazed plate heat exchanger market by end-user is divided into oil & gas, chemical, food & beverage, power, heavy industries, and others. The chemical processing industries is expected as the most growing segment in the target market in future years due to the rising demand for the heat exchangers in chemical plants, such as condensation and evaporation processes.

Region:

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Europe: This is the dominating region in the brazed plate heat exchangers market due to the increasing investment in infrastructure development in Europe. The countries in this region focus on energy efficiency and carbon reduction by adopting new technologies. There is significant growth in renewable energy solutions and governments scheme toward decarbonization, which leads to growth in the target market share in future year.

• For instance, in October 2023, Kelvion introduced the GBH series of brazed plate heat exchanger, which is designed for high-pressure application. The aim of GBH Series is to make it ideal for ideal heat pump systems, with advanced features to optimize heat transfer efficiency while minimizing pressure drop across the exchanger. This design is applied for the environments residential and commercial buildings.

North America: This is the expected growing region in the target market share over the forecast period, due to presence of a large number of manufacturing industries in this region. The growing demand for HVAC, preservation and industrial application and their focus on energy efficiency and environmental sustainability is drive the target market share.

Brazed Plate Heat Exchanger Market Report Scope:

Segmentation:

By Brazing Material Type:

• Stainless Steel
• Aluminum
• Copper
• Nickel
• Others

By Application:

• Snow Melting
• Water Heating
• Heat Pump
• Air Conditioning
• Chiller
• Condenser
• Evaporators
• Others

By End-User:

• Oil and Gas
• Chemical
• Food and Beverage
• Power
• Heavy Industries
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the brazed plate heat exchanger market include ALFA LAVAL, Danfoss, Johnson Controls, and others. These various target market players are focused on innovation and technological advancements. These companies focus on customer’s need for energy consumption and improve heat exchanger capacity, this will drive target market growth.

List of Key Players in the Market:

• ALFA LAVAL
• Danfoss
• Johnson Controls
• HISAKA WORKS, LTD
• API Heat Transfer
• Chart Industries
• HRS Heat Exchanger
• Xylem
• Barriquand
• Kelvion Holding GmbH
• Mersen
• Shyam Engineering Works
• SPXFLOW
• SWEP International AB
• Diversified Heat Transfer, Inc.

• In September 2024, Danfoss Company launched and new Micro Plate technology to address the growing demand for more environment-friendly solutions, especially in light of increasing regulations on F-gas refrigerants. The three new brazed plate heat exchangers were introduced, includes, H39L-EZU, designed for low channel volume and minimal water pressure drop, H62L-CZ, an asymmetric plate design optimized for R290 reversible heat pumps, and HDW30-C, an ultra-safe solution for condenser applications, ensures that fluids get separated to prevent cross-contamination. These new products are specifically designed for use with natural refrigerants like R290 propane.
• In July 2024, SWEP introduces new range of brazed plate heat exchangers optimized for natural refrigerants. SWEP announced 190 range of brazed plate heat exchangers, which are optimized for low-global warming potential and natural refrigerants. The 190 range offers both single-circuit and dual-circuit versions in an operating range from 60kW to 150kW. It is specially designed for use with R32, R454B, and R290 and working as evaporator and condenser application.

Analyst View:

Brazed plate heat exchanger is heat exchanger type, designed to transfer heat between two fluids or components without mixing them, it is leak proof unit, used for heat transfer between water, oil or refrigerants. The brazed plate heat exchanger is applied in industries, such as construction sector, food processing, heating and cooling, and others. Due to industrialization, the brazed plate heat exchanger market is increasing globally in near future.

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