Global Welded Plate and Block Heat Exchangers Market 2023-2029
Welded plate and block heat exchangers are types of heat exchangers that use small plates or blocks of metal to transfer heat between two fluids. These heat exchangers are commonly used in industrial applications where there is a need to transfer large amounts of heat quickly and efficiently. The global welded plate and block heat exchangers market was valued at USD 1,037.0 million in 2022 to USD 1,555.2 million by 2029, progressing at a CAGR of 5.96% from 2023 to 2029, according to the latest market study results.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global welded plate and block heat exchangers market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the end user, and region. The global market for welded plate and block heat exchangers can be segmented by end user: chemical, food and beverages, HVAC, petrochemicals, power, paper, others. Among these, the HVAC segment was accounted for the highest revenue generator in 2022. Welded plate and block heat exchangers market is further segmented by region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific is estimated to account for the largest share of the global welded plate and block heat exchangers market.
Market Segmentation
By end user: chemical, food and beverages, HVAC, petrochemicals, power, paper, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The report has also analysed the competitive landscape of the global welded plate and block heat exchangers market with some of the key players being Alfa Laval AB, API Heat Transfer ThermaSys Corporation, Danfoss A/S, Kelvion Holding GmbH, SPX Flow, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
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