Plate Heat Exchangers Market
Plate Heat Exchangers Market Global Industry Assessment & Forecast
Segments Covered
- By Product Gasketed, Welded, Brazed, Others
- By Application Chemical, HVAC & Refrigeration, Power Generation, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 3.79 Billion |
Revenue 2028: | 6.42 Billion |
Revenue CAGR (2021 - 2028): | 6.8 |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The report
delivers an acute breakdown of the market based on various segments such as Product,
Application, and region. The report will cover market
estimations and forecast for each segment by region for the years 2016–2028. Several
growth factors and opportunities impacting various segments have been
incorporated in the report. On
the basis of Product, the market is divided into Gasketed, Welded, Brazed, Others. Gasketed
held the largest share in 2020 and is projected to witness substantial growth
during the forecast period.
Based
on Application, the market is divided into Chemical, HVAC & Refrigeration, Power Generation, Others. Chemical
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Plate Heat Exchangers Market: Product Segment Analysis
-
- Gasketed
- Welded
- Brazed
- Others
Global Plate Heat Exchangers Market: Application Segment Analysis
-
- Chemical
- HVAC & Refrigeration
- Power Generation
- Others
FAQ
Frequently Asked Question
What is the global demand for Plate Heat Exchangers in terms of revenue?
-
The global Plate Heat Exchangers valued at 3.79 Billion in 2020 and is expected to reach 6.42 Billion in 2028 growing at a CAGR of 6.8%.
Which are the prominent players in the market?
-
The prominent players in the market are Zio-Podolsk, Alstom SA, Mitsubishi Heavy Industries Ltd, Shanghai Electric Group Company, Areva SA, SPX Corporation, Larsen & Toubro Ltd, Bharat Heavy Electrical Limited, Dongfang Electric Corporation, BHI Company Limited..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Plate Heat Exchangers include
- The increased investments in the chemical, petrochemical, fuel processing, and HVAC industries is anticipated to augment the growth of the market over the forecast period. Furthermore, the plate heat exchangers are also compact in structure, small in size and low consumables which is also facilitating the growth of the plate heat exchanger market in the years to come.
- The stringent environmental regulations and surging energy prices is also anticipated to drive the demand for plate heat exchangers market during the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Plate Heat Exchangers in 2020.