Brazed Plate Heat Exchangers Market Size, Growth & Statistics Report from 2023 to 2030

November 29 01:48 2023
Brazed Plate Heat Exchangers Market Size, Growth & Statistics Report from 2023 to 2030
Brazed Plate Heat Exchangers Market
The global brazed plate heat exchangers market size was estimated at ~ USD 1 billion in 2022 and is expected to grow at a significant CAGR of around 7% from 2023 to 2030.

The global market size for brazed plate heat exchangers was assessed at approximately USD 1 billion in 2022, with expectations of a substantial compound annual growth rate (CAGR) of around 7% from 2023 to 2030. The industry’s growth is propelled by the expanding utilization of the product in HVAC equipment, along with the flourishing construction sector. Additionally, the rising application of the product in diverse industrial settings, including oil coolers, condensers, economizers, floor heating, and others, is foreseen to be a significant driver for market growth throughout the forecast period.

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Market Trends:

  • Increasing demand for energy efficiency: BPHEs offer superior energy efficiency compared to traditional shell-and-tube heat exchangers, making them a more attractive option for applications where energy savings are important.
  • Compact size and high heat transfer coefficient: BPHEs are compact and lightweight, making them ideal for applications where space is limited. They also have a high heat transfer coefficient, which means they can transfer heat very efficiently.
  • Wide range of applications: BPHEs are used in a wide range of applications, including HVAC, power generation, oil and gas, chemical processing, and food and beverage.
  • Growing adoption of renewable energy: The increasing adoption of renewable energy sources, such as solar and wind power, is driving the demand for BPHEs. These heat exchangers are used in a variety of renewable energy applications, such as solar thermal power generation and geothermal energy systems.
  • Stringent environmental regulations: Stringent environmental regulations are driving the demand for BPHEs. These heat exchangers can help to reduce greenhouse gas emissions and conserve water, which is becoming increasingly important in many regions of the world.

According to the recent report published by RC Market Analytics, the Global Brazed Plate Heat Exchangers Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the brazed plate heat exchangers market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the brazed plate heat exchangers industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.

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Geographically, the brazed plate heat exchangers market report comprises dedicated sections centering on the regional market revenue and trends. The brazed plate heat exchangers market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Brazed plate heat exchangers market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

The Brazed Plate Heat Exchangers Market Segmentation:

By Product Type:

  • Single-circuit
  • Multi-circuit

By Application:

  • HVAC-R
  • Chemical & Petrochemical
  • Food & Beverage
  • Power Generation
  • Heavy Industry
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Some of the prominent market players operating in the global brazed plate heat exchangers market are Alfa Laval, Danfoss, Kelvion Holding GmbH, SWEP International AB, Xylem Inc., API Heat Transfer, AIC, Hisaka Works, Ltd., Charts Industries, Inc., and SPX Technologies.

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Key Questions Answered by Brazed Plate Heat Exchangers Market Report:

  • Product popularity and adoption based on various country-level dynamics
  • Regional presence and product development for leading market participants
  • Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
  • Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Brazed Plate Heat Exchangers market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027

About Us: RC Market Analytics is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities to optimize strategies. Our expert’s team of analysts’ provides enterprises with strategic insights. RC Market Analytics works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at [email protected].

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