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. 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.
It is expected to experience a significant growth over the forecast period. The industry is identified by growing emphasis on enhanced efficiency standards together with technological improvements and new developments. Need for power generation coupled with infrastructural expansions in the energy sector is expected to serve the growth over the next seven years.
Plate and frame heat exchanger industry is identified by a regular procurement of raw material supplies such as stainless steel, EPDM rubber and chloroprene rubber. However, chloroprene rubber in addition to stainless steel has fluctuating prices of raw materials that are expected to hamper market growth.
Technological advancements and innovations in the gasket, frame and plate designs are anticipated to increase the heat transfer efficacy, reduce operating costs, maintenance costs and investment. The market is expected to be driven by new product development through the implementation of various technical innovations Inframe heat exchanger and gasketed plate were the leading product segments capturing approximately Global plate frame heat Widespread application in power plants owing to compact size and lower maintenance has resulted in this high market penetration.
It is widely used for cooling, heating, evaporation, condensation and heat recovery applications. The market is expected to have a positive impact on account of growing gasketed heat exchanger demand, especially in petrochemical and power generation and automotive sector.
Increasing use in floor heating, economizers, refrigerant evaporators, oil coolers, condensers and super-coolers is expected to serve the brazed plate heat exchanger market significantly however, the market can face a few challenges with respect to competition from new market players thereby impacting the growth of plate heat exchanger industry from to Further, the conventional technology is being replaced with highly efficient substitutes which are expected to pose a major threat to market growth.
On the other hand, welded plate heat exchanger is anticipated to experience high growth owing to its rising use in numerous industries such as petrochemical, automobile, paper manufacturing and pharmaceuticals on account of improved features in performance.
InHVAC contributed to over Asia Pacific is expected to fuel demand in the sector on account of growing construction projects in Asia Pacific over the review period.
|Global Heat Exchanger Market||The factors driving the growth of the global market include advancement in technology and growing HVAC, petrochemical, food processing, and chemical industries. Chemical industry is the fastest growing end-user industry for heat exchangers, due to huge investment from Asia-Pacific.|
|Recent Posts||Company Snapshot Figure 32 Alfa Laval: Company Snapshot Figure 35 Danfoss:|
|Search Report||To analyze and study the global Plate Frame Heat Exchanger capacity, production, value, consumption, status and forecast ; Focuses on the key Plate Frame Heat Exchanger manufacturers, to study the capacity, production, value, market share and development plans in future.|
|Plate and Frame Heat Exchanger Market, | Global Industry Report||The meticulous data gathered makes the strategic planning procedure simple.|
Rising need for efficient thermal management in commercial and residential establishments coupled with increasing consumer spending is anticipated to propel HVAC demand from to HVAC systems form a key segment under heat exchangers. Rising awareness concerning energy management and conservation and cutback in energy bills is expected to propel demand for the product in HVAC sector.
Key products in chemical industry include inorganic chemicals, petrochemicals and fertilizers. Petrochemical derivatives such as ethylene, base chemicals and polymers and methanol involve crucial conditions that involve well-organized and efficient thermal management systems in the manufacturing units.
Production capacity expansions and mergers and acquisitions of chemical facilities in Asia Pacific and Europe are anticipated to fuel chemical market from to Europe emerged as the largest regional segment and is thereby expected to grow at an estimated CAGR exceeding 6.
However, high growth regions such as Asia Pacific and CSA regions may pose a threat to the European market and capture a part of the overall market share over the forecast period. Recent improvements in nuclear and renewable energy segments are projected to enhance requirements in the power generation segment in Europe.
Additionally, the plate and frame heat exchanger demand is expected to be driven by growing need for heat recovery applications in HVAC, food and beverage and chemical sectors over the forecast period.
Need for commercial and industrial establishments coupled with growing construction projects are likely to propel HVAC market in the region. It is anticipated to witness the fastest growth over the review period.
Supportive government policies and initiatives in Japan and India as an effort to develop solar and thermal energy are estimated to drive market demand in power generation sector for heat exchangers.Efficient design.
Alfa Laval FrontLine allows a flexible design with plates tailor-made for demanding hygienic applications.
The plate pattern and the pressing depth are designed for gentle, uniform heat transfer for sensitive dairy, food and beverage products.
The Report named “Global Brazed Plate Heat Exchanger Market” serves crucial perceptions into global Brazed Plate Heat Exchanger industry along with newfangled industry details, currently dominating players in Brazed Plate Heat Exchanger, chapter wise analysis of each section and looming industry trends, which will guide the readers to target Brazed Plate Heat Exchanger market product.
Synopsis. In this report, the global Plate Frame Heat Exchanger market is valued at USD XX million in and is expected to reach USD XX million by the end of , growing at a .
Flexible wide-gap plate and frame options and excellent heat transfer rates make Tranter Heat Exchangers naturals for duties in the renewables segment. Marine Titanium Tranter Plate Heat Exchangers save space and weight in a variety of shipboard thermal loop duties, while withstanding the damaging effects of sea water.
Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Pulp & Paper), and Region - Global Forecast to is a market research report available at US $ for a Single User PDF License from RnR Market Research Reports Library.
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