Brazed Plate Heat Exchanger Market, By Type (Single Circuit and Multi Circuit), By Application (Process Heating, Batch Heating, and Heat Recovery Interchangers), By End User (Chemical, Petrochemical, Oil & Gas, HVAC & Refrigeration, Food & Beverage, Power Generation, and Pulp & Paper), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast 2032

Report Code: PMI110719 | Publish Date: April 2024 | No. of Pages: 168

Global Brazed Plate Heat Exchanger Overview

Introduction

Brazed plate heat exchangers, with a small footprint provide efficient heat transfer. Brazed plate heat exchangers are made up of an individually defined number of high-quality embossed steel plates that are permanently joined in a vacuum brazing process using either copper or nickel. Plate heat exchanger generally uses metal plates to transfer heat between two fluids. Brazed plate heat exchangers are maintenance free, provide a long service lifetime and can withstand high temperatures and extremely high design pressures. Heat exchanger can be used for cooling, heating, and evaporation and condensation.  These exchangers can withstand high temperatures and pressures and are increasingly used in cooling, heating, evaporation, and condensing applications.

Increasing use in chemical, Heating, Ventilation, and Air conditioning (HVAC), and power generation industries is driving the growth of the global market. Rising use of the product especially in automotive and residential and commercial building HVAC is anticipated to fuel the target market growth.  Low maintenance and operation cost is expected to be another factor which is fueling the growth of the global plate heat exchanger market over the forecast period. Additionally, plate heat exchanger is highly efficient and requires less space as compare to others which further expected to upsurge the demand of plate heat exchanger market during the forecast period. Moreover, rising demand for effective thermal management in commercial and residential establishments is anticipated to drive plate heat exchanger demand over the forecast period. However, high initial cost associated with it, owing to high cost of titanium plates is expected to be a barrier that hinders the growth of the global plate heat exchanger market. Skilled labors are required for dismantling and assembling of plate which will further act as a restraining factor for the growth of global plate heat exchanger market.

Brazed plate heat exchanger market is segmented into type, application, end user and region.

On the basis of type, the target market is divided into single circuit and multi circuit. Multi circuit channels are widely used by Industries on a regular basis. On the basis of application, the target market is divided by process heating, batch heating, heat recovery interchangers. On the basis of end user, the target market is divided into chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, and pulp & paper.

On the basis of region, brazed plate heat exchanger market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America will be closely followed by Europe in terms of anticipated growth. Both these market are expected to witness rich growth in the plate heat exchanger market, owing to high demand as well as production capacity in these regions. Asia Pacific in particular is expected to witness significant growth in the plate heat exchanger market, due to increasing demand from food & beverages, oil & gas and chemical industry. The Middle East and Africa region is projected to support growth of the plate heat exchanger market over the forecast period, due to expected rapid industrialization in upcoming years.

The key players in the brazed plate heat exchanger market includes WCR, Inc., JC Equipment’s Pvt Ltd., HRS Process Systems Ltd., Tranter Inc., REX Heat Exchanger, Industrial Heat Transfer, Inc., UK Exchangers Ltd., ALFA LAVAL AB Pvt Ltd., SPX Corporation.

Global Brazed Plate Heat Exchanger Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Single Circuit
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Multi Circuit
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Process Heating
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Batch Heating
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heat Recovery Interchangers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By End-Users , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Chemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Petrochemical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil & Gas
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • HVAC & Refrigeration
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Food & Beverage
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Power Generation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Pulp & Paper
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • WCR, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • JC Equipment’s Pvt Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HRS Process Systems Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tranter Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • REX Heat Exchanger
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • REX Heat Exchanger
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • UK Exchangers Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ALFA LAVAL AB Pvt Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SPX Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Brazed Plate Heat Exchanger Market accounted for US$ 3.2 billion in 2022 and is estimated to be US$ 1.88 billion by 2032 to grow at CAGR of 6.7 %.

The Brazed Plate Heat Exchanger Market is segmented into Type, Application, End User and Region.

Market growth is driven by increasing demand for energy-efficient heat exchange solutions, advancements in brazed plate heat exchanger technology, and the expanding applications in HVAC, refrigeration, and industrial processes.

Challenges include high initial costs, potential susceptibility to corrosion in certain operating conditions, and competition from alternative heat exchanger technologies, influencing the global Brazed Plate Heat Exchanger Market.

The report considers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa as key areas for the Brazed Plate Heat Exchanger Market. Europe is expected to dominate the market, driven by stringent environmental regulations, the emphasis on energy efficiency, and the widespread adoption of brazed plate heat exchangers in industrial and HVAC applications in the region.

The key players operating the target market includes WCR, Inc., JC Equipment’s Pvt Ltd., HRS Process Systems Ltd., Tranter Inc., REX Heat Exchanger, Industrial Heat Transfer, Inc., UK Exchangers Ltd., ALFA LAVAL AB Pvt Ltd., and SPX Corporation.