Global Plate and Frame Heat Exchangers Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Plate and Frame Heat Exchangers Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Plate and Frame Heat Exchangers market size was valued at US$ 4988 million in 2024 and is forecast to a readjusted size of USD 6730 million by 2031 with a CAGR of 4.3% during review period.

A plate and frame heat exchanger is a type of heat exchanger that uses metal plates to transfer heat between two fluids. This has a major advantage over a conventional heat exchanger in that the fluids are exposed to a much larger surface area because the fluids are spread out over the plates. This facilitates the transfer of heat, and greatly increases the speed of the temperature change.

The Plate and Frame Heat Exchangers market has been experiencing growth driven by increasing demand for efficient heat transfer solutions across multiple industries. Plate and Frame Heat Exchangers are widely used in heating, ventilation, and air conditioning (HVAC) systems, refrigeration, chemical processing, power generation, food and beverages, pharmaceuticals, and petrochemicals, among others.

Market Drivers

Energy Efficiency: Growing emphasis on energy efficiency has bolstered demand for Plate and Frame Heat Exchangers, as these systems are highly efficient in transferring heat, helping industries reduce energy consumption and operational costs. Stringent Environmental Regulations: Regulations focusing on reducing greenhouse gas emissions and promoting sustainable practices are encouraging industries to adopt more efficient heat exchanger systems, driving market growth. Rapid Industrialization: Rising industrial activities, especially in emerging economies, contribute to demand, as these industries need efficient heating and cooling solutions.

Market Trends

Increased Adoption in Renewable Energy: Renewable energy applications, such as geothermal heating systems and solar water heating, are increasingly using Plate and Frame Heat Exchangers due to their efficiency and compatibility with various heat transfer media. Focus on Compact and Modular Designs: Manufacturers are developing more compact, modular Plate and Frame Heat Exchangers to optimize space and facilitate easier installation and maintenance. These designs are becoming popular in urban settings and industries with space constraints. Use of Corrosion-Resistant Materials: With applications expanding in sectors with corrosive environments (e.g., chemical and petrochemical industries), there is growing use of corrosion-resistant materials like stainless steel, titanium, and special alloys, enhancing longevity and reducing maintenance needs.

This report is a detailed and comprehensive analysis for global Plate and Frame Heat Exchangers market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Plate and Frame Heat Exchangers market size and forecasts, in consumption value ($ Million), sales quantity (K Sqm), and average selling prices (USD/Sqm), 2020-2031

Global Plate and Frame Heat Exchangers market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Sqm), and average selling prices (USD/Sqm), 2020-2031

Global Plate and Frame Heat Exchangers market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Sqm), and average selling prices (USD/Sqm), 2020-2031

Global Plate and Frame Heat Exchangers market shares of main players, shipments in revenue ($ Million), sales quantity (K Sqm), and ASP (USD/Sqm), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Plate and Frame Heat Exchangers

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Plate and Frame Heat Exchangers market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Alfa Laval, Kelvion, Danfoss, SWEP, Spx Flow, Hisaka Works, GU & THT, Xylem, API Heat Transfer, FUNKE, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Plate and Frame Heat Exchangers market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Gasketed
Brazed
Welded

Market segment by Application
HVAC & Cooling
Oil & Gas
Power Generation
Chemical
Food & Beverage
Manufacturing Industry
Others

Major players covered
Alfa Laval
Kelvion
Danfoss
SWEP
Spx Flow
Hisaka Works
GU & THT
Xylem
API Heat Transfer
FUNKE
Siping ViEX
Kaori Heat Treatment
LS Heat Exchange
Güntner Group
Cipriani Heat Exchangers
Ningbo Hrale
HRS Heat Exchangers

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Plate and Frame Heat Exchangers product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Plate and Frame Heat Exchangers, with price, sales quantity, revenue, and global market share of Plate and Frame Heat Exchangers from 2020 to 2025.

Chapter 3, the Plate and Frame Heat Exchangers competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Plate and Frame Heat Exchangers breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Plate and Frame Heat Exchangers market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Plate and Frame Heat Exchangers.

Chapter 14 and 15, to describe Plate and Frame Heat Exchangers sales channel, distributors, customers, research findings and conclusion.