Global Brazed Plate Heat Exchanger Market Size, Trends and Growth Opportunity, By Product (Single Circuit, Multi-Circuit), Application (Evaporator, Condenser, Economizer), End-Use (HVACR, Chemical, Food and Beverage, Power, Heavy Industries, Others), By Region and Forecast Till 2027.
Global Brazed Plate Heat Exchanger Market
The Global Brazed Plate Heat Exchanger Market was valued at US$923 million in 2021 and it is expected to reach at US$1541 million in 2027 at a CAGR of 7.01% during forecast period 2022-2027.
A brazed plate heat exchanger has corrugated plates that connect to form channels that can transmit a hot or cold medium. The brazed plate heat exchanger uses heat to completely penetrate the surface before separating the hot medium from the cold medium. Gases and fluids are thereby heated and cooled using the least amount of energy possible.
Market Drivers
Petrochemical, chemical, oil & gas, HVACR, power generation, and food & beverage industries all heavily utilize brazed plate heat exchangers. Additionally, the brazed plate heat exchangers market is anticipated to rise significantly due to the rising demand for services and goods from these industries across the globe. Brazed plate heat exchangers are widely used in a variety of intricate processes, including evaporation, separation, heating, cooling, condensing, and others, which explains their high level of acceptance.
Market Restraints
The primary constraints restricting demand for brazed plate heat exchangers and impeding the rate of market expansion are the maintenance and ongoing repair costs of these devices. The brazed plate heat exchangers market is also anticipated to experience slow growth throughout the forecast period due to the product's non-movable nature.
Market Segmentation
The global brazed plate heat exchanger market is segmented into product, application and end-use industry. By product it segmented into single circuit, multi-circuit. By application it segmented into evaporator, condenser, and economizer. By end-use it segmented into HVACR, chemical, food and beverage, power, heavy industries, others.
Regional Analysis
The global brazed plate heat exchanger market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of revenue and market share, Europe dominates the brazed plate heat exchangers market. This is because infrastructure development in this area is receiving increasing levels of funding. Due to the rising utilization of the product in industrial and HVAC applications as well as the expansion of modern infrastructure in these regions, North America and Asia-Pacific are predicted to see the quickest growth during the forecast period.
Key Players
Various key players are listed in this report such as SPX Technologies (U.S.), API Heat Transfer, (U.S.), SHECO Industries, Inc. (U.S.), Alfa Laval (Sweden), HRS Heat Exchangers (U.K.), Koch Heat Transfer Company (U.S.), Hughes Anderson Heat Exchangers Inc. (U.S.), Atlas Copco UK Holdings (Sweden), Hindustan Dorr-Oliver Ltd (India), Modine Manufacturing Company (U.S.)
Market Taxonomy
By Product
Single Circuit
Multi-Circuit
By Application
Evaporator
Condenser
Economizer
By End Use
HVACR
Chemical
Food And Beverage
Power
Heavy Industries
Others
Key Question Addressed by the Report
What are the Key Opportunities in Global Brazed Plate Heat Exchanger Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Brazed Plate Heat Exchanger Outlook
- 4.1Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Brazed Plate Heat Exchanger Market, By Product
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By Product
- 5.3 Global Brazed Plate Heat Exchanger Market Size and Forecast, By Product
- 5.3.1 Single Circuit
- 5.3.2 Multi-Circuit
- 6 Global Brazed Plate Heat Exchanger Market, By Application
- 6.1 Y-o-Y Growth Comparison, By Application
- 6.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By Application
- 6.3 Global Brazed Plate Heat Exchanger Market Size and Forecast, By Application
- 6.3.1 Evaporator
- 6.3.2 Condenser
- 6.3.3 Economizer
- 7 Global Brazed Plate Heat Exchanger Market, By End Use
- 7.1 Y-o-Y Growth Comparison, By End Use
- 7.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By End Use
- 7.3 Global Brazed Plate Heat Exchanger Market Share Analysis, By End Use
- 7.3.1 HVACR
- 7.3.2 Chemical
- 7.3.3 Food and Beverage
- 7.3.4 Power
- 7.3.5 Heavy Industries
- 7.3.6 Others
- 8 Global Brazed Plate Heat Exchanger Market, By Region
- 8.1 Global Brazed Plate Heat Exchanger Market Share Analysis, By Region
- 8.2 Global Brazed Plate Heat Exchanger Market Share Analysis, By Region
- 9 North America Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Brazed Plate Heat Exchanger Market Share Analysis, By Product
- 9.3 North America Brazed Plate Heat Exchanger Market Size and Forecast, By Application
- 9.4 North America Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
- 9.5 North America Brazed Plate Heat Exchanger Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Brazed Plate Heat Exchanger Market Share Analysis, By Product
- 10.3 Europe Brazed Plate Heat Exchanger Market Size and Forecast, By Application
- 10.4 Europe Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
- 10.5 Europe Brazed Plate Heat Exchanger Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By Product
- 11.3 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By Application
- 11.4 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
- 11.5 Asia Pacific Brazed Plate Heat Exchanger Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By Product
- 12.3 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By Application
- 12.4 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
- 12.5 Latin America Brazed Plate Heat Exchanger Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Brazed Plate Heat Exchanger Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle Brazed Plate Heat Exchanger Market Share Analysis, By Product
- 13.3 Middle Brazed Plate Heat Exchanger Market Size and Forecast, By Application
- 13.4 Middle Brazed Plate Heat Exchanger Market Size and Forecast, By End Use
- 13.5 Middle Brazed Plate Heat Exchanger Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1. SPX Technologies (U.S.)
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Development
- 15.1.6 Key Strategies
- 15.2. API Heat Transfer, (U.S.)
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. SHECO Industries, Inc. (U.S.)
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4. Alfa Laval (Sweden)
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5. HRS Heat Exchangers (U.K.)
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6. Koch Heat Transfer Company (U.S.)
- 15.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7. Hughes Anderson Heat Exchangers Inc. (U.S.)
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8. Atlas Copco UK Holdings (Sweden)
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9. Hindustan Dorr-Oliver Ltd (India)
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10. Modine Manufacturing Company (U.S.)
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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