Global Plate and Frame Heat Exchanger
Market Report
2025
The global plate and frame heat exchanger market size will be USD 5.9 billion in 2024. The plate and frame heat exchanger market will show the strongest growth with a CAGR of 6.5% from 2024 to 2031. Because of their better thermal conductivity properties, fluoropolymers and aromatic ketone polymers are being used more frequently, which is driving the market.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global plate and frame heat exchanger market size will be USD 5.9 billion in 2024 and will expand at CAGR of 6.5% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Plate and Frame Heat Exchanger Market Sales Revenue | $ 5.9 Billion | 121212 | 121212 | 121212 | 6.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Plate and Frame Heat Exchanger Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A Plate and Frame Heat Exchanger (PHE) is a kind of heat exchanger in which heat is transferred between two fluids by means of a sequence of thin, corrugated metal plates. A frame that accommodates a specific number of heat transfer plates that are stacked and compressed together makes up the fundamental construction of a plate and frame heat exchanger. Stainless steel and titanium, two materials with excellent heat conductivity, are commonly used to make the plates. Corrugations or other patterns are used in the plate design to induce turbulence in the fluid flow. By encouraging improved mixing and maximizing the surface area in contact between the two fluids, this turbulence improves the efficiency of heat transmission.
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Kelvion made a USD 6 million investment in its Catoosa manufacturing facility in October 2021, concentrating on manufacturing heat exchangers intended for the oil and gas sector. The increasing need for heat exchangers in North America has prompted this calculated decision, which demonstrates Kelvion's dedication to satisfying its clients' changing needs. It is anticipated that the company's production capacities will increase as a result of the manufacturing facility investment, solidifying its position as a major player in the worldwide heat exchanger market. (Source: https://www.kelvion.com/company/press-release/6m-investment-in-north-americ/)
Top Companies Market Share in Plate and Frame Heat Exchanger Industry: (In no particular order of Rank)
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The revenue market for plate-and-frame heat exchangers was dominated by Europe. Furthermore, because of the rising product demand from food and beverage, pulp and paper, power generation, and many other industries. In addition, the high wage growth and continuous job creation are anticipated to contribute to the healthy growth of the European economy over the forecast period. Economic development is anticipated as a result of public investments in digital and transportation infrastructure, which private construction sector investments will reinforce.
Due mainly to rising manufacturing sector investments in both developed and developing nations, APAC is the market area with the greatest rate of growth. This is anticipated to drive up demand for these appliances in HVAC and refrigeration applications. Additionally, the market is being positively impacted by large expenditures made in the chemical, oil and gas, petrochemical, food and beverage, and oil and gas industries in APAC. In addition, there is an increasing emphasis on cutting energy costs, which is pushing businesses to choose economical mechanical operation solutions. It is anticipated that the area, particularly China and India, will adopt plate-and-frame heat exchangers as a result of this focus on energy efficiency.
The current report Scope analyzes Plate and Frame Heat Exchanger Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Plate and Frame Heat Exchanger Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plate and Frame Heat Exchanger Industry growth. Plate and Frame Heat Exchanger market has been segmented with the help of its Type, Application , and others. Plate and Frame Heat Exchanger market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Heat exchangers with welded plates and frames have high potential in a variety of sectors. They are perfect for installations with restricted space because of their high performance and compact design. High pressures and temperatures can be handled by the welded plate and frame heat exchangers, which also provide effective heat transfer. Numerous industries, including HVAC, refrigeration, oil and gas, chemical processing, and power production, use these heat exchangers. Because of their scalability and customization, they may be tailored to meet particular process requirements, increasing operating flexibility. Additionally, their simplicity in cleaning and maintenance leads to increased efficacy and economy, making them a preferred option for maximizing heat transmission in a variety of industrial contexts.
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This report provides a comprehensive forecast of revenue growth for the Plate and Frame Heat Exchanger industry at the global, regional, and country levels, from 2019 to 2031. It includes a detailed analysis of the latest industry trends and identifies key opportunities for each Application segment of machinery and equipment. The analysis covers demand across various end-use industries, such as automotive, HVAC, construction, energy, and others. By examining these application segments, the report helps stakeholders understand the factors driving growth in specific sectors and identify high-potential areas for investment and innovation. To perform a thorough Application segment analysis, the report considers several key factors. These include industry-specific demand patterns, technological advancements in machinery, and regional growth trends that influence specific applications. Additional factors such as regulatory requirements, supply chain dynamics, end-user preferences, and market competition are also examined to assess how they impact the adoption and performance of machinery in different sectors. The analysis further includes confidential insights like value chain evaluation, patent trends, and company performance metrics (through a Company Evaluation Quadrant), providing a complete view of each application’s evolution within the machinery and equipment market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Some of the key Application of Plate and Frame Heat Exchanger are:
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Plate and Frame Heat Exchanger Market is witnessing significant growth in the near future.
In 2023, the Gasketed segment accounted for noticeable share of global Plate and Frame Heat Exchanger Market and is projected to experience significant growth in the near future.
The HVAC & Refrigeration segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Alfa Laval (Sweden) , Kelvion Holding GmbH (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Gasketed, Welded, Brazed, Others |
Application | HVAC & Refrigeration, Chemicals, Petrochemicals and Oil & Gas, Power Generation, Food & Beverages, Pulp & Paper, Others |
List of Competitors | Alfa Laval (Sweden), Danfoss (Denmark), Kelvion Holding GmbH (Germany), SPX Flow (US), XYLEM (US), API Heat Transfer (US), H. Guntner (UK) LTD. (England), Boyd Corporation (US), Johnson Controls (Ireland), Wabtec Corporation (US) |
This chapter will help you gain GLOBAL Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review Global Plate and Frame Heat Exchanger Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review North America Plate and Frame Heat Exchanger Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review Europe Plate and Frame Heat Exchanger Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review Asia Pacific Plate and Frame Heat Exchanger Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review South America Plate and Frame Heat Exchanger Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review Middle East Plate and Frame Heat Exchanger Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Plate and Frame Heat Exchanger. Further deep in this chapter, you will be able to review Middle East Plate and Frame Heat Exchanger Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Plate and Frame Heat Exchanger. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plate and Frame Heat Exchanger market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Gasketed have a significant impact on Plate and Frame Heat Exchanger market? |
What are the key factors affecting the Gasketed and Welded of Plate and Frame Heat Exchanger Market? |
What is the CAGR/Growth Rate of HVAC & Refrigeration during the forecast period? |
By type, which segment accounted for largest share of the global Plate and Frame Heat Exchanger Market? |
Which region is expected to dominate the global Plate and Frame Heat Exchanger Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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