Welded Plate & Block Heat Exchangers Market Size, Share & Trends Analysis Report By End-use (Chemical, Food & Beverages, HVAC & Refrigeration, Oil & Gas, Pulp & Paper, Others), By Region, And Segment Forecasts, 2025 - 2030

Welded Plate & Block Heat Exchangers Market Growth & Trends

The global welded plate & block heat exchangers market size is estimated to reach USD 938.9 million by 2030, registering to grow at a CAGR of 7.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the growing demand for the product in HVAC & refrigeration, power generation, and petrochemical industries, especially in emerging economies in Asia Pacific and CSA regions.

Welded plate & block heat exchangers play a significant role in enhancing heat transfer efficiency of industrial machinery. Growing demand for efficient thermal management systems with low space requirements is expected to drive the demand for plate & block heat exchangers over the forecast period.

Growth of industrial sectors including food & beverages, chemicals, pulp & paper, power generation, metal & mining, textiles, and oil & gas is leading to an increase in the requirement for highly-efficient and compact heat exchangers, which, in turn, is expected to drive the growth of the market over the forecast period.

Based on end use, HVAC & refrigeration segment is expected to be the largest segment in the global market and the trend is expected to continue over the forecast period. HVAC & refrigeration end-use segment dominated the market in 2024 owing to increasing consumer spending coupled with the growing demand for thermal management in residential and commercial establishments.

Increasing requirement for heat recovery applications in chemical, HVAC, and food & beverage sectors is expected to drive the demand for welded plate & block heat exchangers over the forecast period. Food & beverages segment was the second-largest segment in the market in 2024. Growing concerns regarding the shelf life of processed food and alcoholic beverages are expected to drive the product demand over the forecast period.

Welded Plate & Block Heat Exchangers Market Report Highlights

  • The global welded plate and block heat exchangers market size was valued at USD 633.0 million in 2024 and is expected to grow at a CAGR of 7.1% from 2025 to 2030.
  • The HVAC & refrigerators segment dominated the market with a revenue share of 28.0% in 2024, driven by urbanization and heightened awareness of indoor air quality.
  • The North America welded plate and block heat exchangers market held a significant revenue share in 2024, driven by the presence of major industries such as oil & gas, chemical processing, and power generation.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Welded Plate and Block Heat Exchangers Market Variables, Trends & Scope
3.1. Global Welded Plate and Block Heat Exchangers Market Outlook
3.2. Industry Value Chain Analysis
3.3. Average Price Trend Analysis
3.4. Supply-Demand Gap Analysis, 2024
3.5. Regulatory Framework
3.5.1. Policies and Incentive Plans
3.5.2. Standards and Compliances
3.5.3. Regulatory Impact Analysis
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Porter’s Five Forces Analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat From New Entrant
3.7.5. Competitive Rivalry
3.8. PESTEL Analysis
3.8.1. Political Landscape
3.8.2. Economic Landscape
3.8.3. Social Landscape
3.8.4. Technological Landscape
3.8.5. Environmental Landscape
3.8.6. Legal Landscape
Chapter 4. Welded Plate and Block Heat Exchangers Market: End Use Outlook Estimates & Forecasts
4.1. Welded Plate and Block Heat Exchangers Market: End Use Movement Analysis, 2024 & 2030
4.1.1. Chemical
4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.1.2. Food & Beverages
4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.1.3. HVAC & Refrigerators
4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.1.4. Oil & Gas
4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.1.5. Power Generation
4.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.1.6. Pulp & Paper
4.1.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.1.7. Others
4.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 5. Welded Plate and Block Heat Exchangers Market Regional Outlook Estimates & Forecasts
5.1. Regional Snapshot
5.2. Welded Plate and Block Heat Exchangers Market: Regional Movement Analysis, 2024 & 2030
5.3. North America
5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.3.3. U.S.
5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.3.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.3.4. Canada
5.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.4.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.3.5. Mexico
5.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3.5.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.4. Europe
5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.4.3. Germany
5.4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.3.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.4.4. UK
5.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.4.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.4.5. France
5.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.5.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.4.6. Italy
5.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4.6.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.5. Asia Pacific
5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.5.3. China
5.5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.3.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.5.4. India
5.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.4.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.5.5. Japan
5.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.5.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.5.6. Australia
5.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.6.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.5.7. South Korea
5.5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.5.7.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.6. CSA
5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.6.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.6.3. Brazil
5.6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.6.3.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.6.4. Argentina
5.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.6.4.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.7. MEA
5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.7.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.7.3. UAE
5.7.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.7.3.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
5.7.4. KSA
5.7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.7.4.2. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Vendor Landscape
6.2.1. Company Categorization
6.2.2. List Of Key Distributors and Channel Partners
6.2.3. List Of Potential Customers/End Users
6.3. Competitive Dynamics
6.3.1. Competitive Benchmarking
6.3.2. Strategy Mapping
6.3.3. Heat Map Analysis
6.4. Company Profiles/Listing
6.4.1. ALFA LAVAL
6.4.1.1. Participant’s overview
6.4.1.2. Financial performance
6.4.1.3. Product benchmarking
6.4.1.4. Strategic initiatives
6.4.2. Tranter Inc.
6.4.2.1. Participant’s overview
6.4.2.2. Financial performance
6.4.2.3. Product benchmarking
6.4.2.4. Strategic initiatives
6.4.3. Kelvion Holding GmbH
6.4.3.1. Participant’s overview
6.4.3.2. Financial performance
6.4.3.3. Product benchmarking
6.4.3.4. Strategic initiatives
6.4.4. Nexson
6.4.4.1. Participant’s overview
6.4.4.2. Financial performance
6.4.4.3. Product benchmarking
6.4.4.4. Strategic initiatives
6.4.5. SHINEHEAT CORP
6.4.5.1. Participant’s overview
6.4.5.2. Financial performance
6.4.5.3. Product benchmarking
6.4.5.4. Strategic initiatives
6.4.6. AIC Inc.
6.4.6.1. Participant’s overview
6.4.6.2. Financial performance
6.4.6.3. Product benchmarking
6.4.6.4. Strategic initiatives
6.4.7. API Heat Transfer
6.4.7.1. Participant’s overview
6.4.7.2. Financial performance
6.4.7.3. Product benchmarking
6.4.7.4. Strategic initiatives
6.4.8. Shanghai Heat Transfer Equipment Co., Ltd.
6.4.8.1. Participant’s overview
6.4.8.2. Financial performance
6.4.8.3. Product benchmarking
6.4.8.4. Strategic initiatives
6.4.9. HFM
6.4.9.1. Participant’s overview
6.4.9.2. Financial performance
6.4.9.3. Product benchmarking
6.4.9.4. Strategic initiatives
6.4.10. Erivac Konsult AB
6.4.10.1. Participant’s overview
6.4.10.2. Financial performance
6.4.10.3. Product benchmarking
6.4.10.4. Strategic initiatives

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