Plate And Frame Heat Exchangers Market
PUBLISHED: 2020 ID: SMRC19609
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Plate And Frame Heat Exchangers Market

Plate And Frame Heat Exchangers - Global Market Outlook (2019-2027)

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4.6 (79 reviews)
Published: 2020 ID: SMRC19609

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Plate and Frame Heat Exchangers Market is accounted for $3.32 billion in 2019 and is expected to reach $6.52 billion by 2027 growing at a CAGR of 8.8% during the forecast period. Some of the key factors propelling the market growth include rising need for heat exchangers in industrial, commercial, and engineering applications, growing demand for nuclear power, stringent environmental regulations, and increasing demand for efficient and compact heat recovery systems. However, huge funding and costing expenses act as the restraint for the market growth.

Plate and frame heat exchangers consist of a series of slender corrugated formed metal plates. Every pair of plate’s form a passage in which the fluid flows. They are then stacked collectively to form a sandwich type construction in which the other fluid flows in the spaces created between successive pairs of plates. This type of heat exchangers offers a compact and lightweight heat transfer surface. The plate heat exchanger offers advantages such as: it can operate with comparatively small temperature differences; the units in a plate and frame heat exchanger occupy a lesser amount of floor space and floor loading by having a large surface area that is created from a small volume. Their simple construction allows additional advantages like easy cleaning. 

By product, gasketed plate and frame heat exchanger segment is anticipated to grow at the significant rate during the forecast period, due to widespread use of the product in power plants pertaining to lower maintenance and compact size. Moreover, rising gasketed heat exchanger demand particularly in automotive, petrochemical and power generation is anticipated to surge the product demand in the forthcoming years.

On the basis of geography, Asia Pacific is expected to witness significant growth over the forecast period. Growing concerns regarding energy prices are expected to encourage companies to adopt cost-effective measures in their industrial activities. This necessitates the adoption of efficient equipment for various energy-intensive production processes. China is a leading plate & frame heat exchangers market in Asia Pacific. It is followed by India. Dominance of China is attributable to rapid growth of chemical, food & beverages, and oil & gas industries in the country.

Some of the key players in plate and frame heat exchangers market include SGL Group, Fischer Maschinen und Apparatebau GmbH, Anguil Environmental, GEA Group, Heat Exchanger USA, API Heat Transfer, Industrial Heat Transfer, Inc, Markair, Inc., Mason Manufacturing LLC, Kaori Heat Treatment Co., Ltd., SWEP International AB, Wessels Company, Danfoss Group, SPX Flow, Alfa Laval, Exergy, LLC, Hisaka Works Ltd., Kelvion Holding GmbH, Guntner GmbH and Co. KG, and JFD Tube and Coil Products, Inc.

Products Covered:
• Welded
• Brazed
• Gasketed
• Semi-Welded

Applications Covered:
• Power Generation
• Pulp & Paper
• Chemical
• Food & Beverage
• HVAC & Refrigeration
• Petrochemical
• Oil & Gas

Material Types Covered:
• Non-Steel
• Steel

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain 
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

Table of Contents

1 Executive Summary     
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Product Analysis    
 3.7 Application Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Plate and Frame Heat Exchangers Market, By Product     
 5.1 Introduction    
 5.2 Welded    
 5.3 Brazed    
 5.4 Gasketed    
 5.5 Semi-Welded    
      
6 Global Plate and Frame Heat Exchangers Market, By Application     
 6.1 Introduction    
 6.2 Power Generation    
 6.3 Pulp & Paper    
 6.4 Chemical     
 6.5 Food & Beverage    
 6.6 HVAC & Refrigeration    
 6.7 Petrochemical     
 6.8 Oil & Gas    
      
7 Global Plate and Frame Heat Exchangers Market, By Material Type     
 7.1 Introduction    
 7.2 Non-Steel    
 7.3 Steel    
      
8 Global Plate and Frame Heat Exchangers Market, By Geography     
 8.1 Introduction    
 8.2 North America    
  8.2.1 US   
  8.2.2 Canada   
  8.2.3 Mexico   
 8.3 Europe    
  8.3.1 Germany   
  8.3.2 UK   
  8.3.3 Italy   
  8.3.4 France   
  8.3.5 Spain   
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan   
  8.4.2 China   
  8.4.3 India   
  8.4.4 Australia   
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil   
  8.5.3 Chile   
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia   
  8.6.2 UAE   
  8.6.3 Qatar   
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa   
      
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions    
 9.5 Other Key Strategies    
      
10 Company Profiling     
 10.1 SGL Group    
 10.2 Fischer Maschinen und Apparatebau GmbH    
 10.3 Anguil Environmental    
 10.4 GEA Group    
 10.5 Heat Exchanger USA    
 10.6 API Heat Transfer    
 10.7 Industrial Heat Transfer, Inc    
 10.8 Markair, Inc.    
 10.9 Mason Manufacturing LLC    
 10.10 Kaori Heat Treatment Co., Ltd.    
 10.11 SWEP International AB    
 10.12 Wessels Company    
 10.13 Danfoss Group    
 10.14 SPX Flow    
 10.15 Alfa Laval    
 10.16 Exergy, LLC    
 10.17 Hisaka Works Ltd.    
 10.18 Kelvion Holding GmbH    
 10.19 Guntner GmbH and Co. KG    
 10.20 JFD Tube and Coil Products, Inc.    


List of Tables      
1 Global Plate and Frame Heat Exchangers Market Outlook, By Region (2018-2027) ($MN)     
2 Global Plate and Frame Heat Exchangers Market Outlook, By Product (2018-2027) ($MN)     
3 Global Plate and Frame Heat Exchangers Market Outlook, By Welded (2018-2027) ($MN)     
4 Global Plate and Frame Heat Exchangers Market Outlook, By Brazed (2018-2027) ($MN)     
5 Global Plate and Frame Heat Exchangers Market Outlook, By Gasketed (2018-2027) ($MN)     
6 Global Plate and Frame Heat Exchangers Market Outlook, By Semi-Welded (2018-2027) ($MN)     
7 Global Plate and Frame Heat Exchangers Market Outlook, By Application (2018-2027) ($MN)     
8 Global Plate and Frame Heat Exchangers Market Outlook, By Power Generation (2018-2027) ($MN)     
9 Global Plate and Frame Heat Exchangers Market Outlook, By Pulp & Paper (2018-2027) ($MN)     
10 Global Plate and Frame Heat Exchangers Market Outlook, By Chemical  (2018-2027) ($MN)     
11 Global Plate and Frame Heat Exchangers Market Outlook, By Food & Beverage (2018-2027) ($MN)     
12 Global Plate and Frame Heat Exchangers Market Outlook, By HVAC & Refrigeration (2018-2027) ($MN)     
13 Global Plate and Frame Heat Exchangers Market Outlook, By Petrochemical (2018-2027) ($MN)     
14 Global Plate and Frame Heat Exchangers Market Outlook, By Oil & Gas (2018-2027) ($MN)     
15 Global Plate and Frame Heat Exchangers Market Outlook, By Material Type (2018-2027) ($MN)     
16 Global Plate and Frame Heat Exchangers Market Outlook, By Non-Steel (2018-2027) ($MN)     
17 Global Plate and Frame Heat Exchangers Market Outlook, By Steel (2018-2027) ($MN)     
18 North America Plate and Frame Heat Exchangers Market Outlook, By Country (2018-2027) ($MN)     
19 North America Plate and Frame Heat Exchangers Market Outlook, By Product (2018-2027) ($MN)     
20 North America Plate and Frame Heat Exchangers Market Outlook, By Welded (2018-2027) ($MN)     
21 North America Plate and Frame Heat Exchangers Market Outlook, By Brazed (2018-2027) ($MN)     
22 North America Plate and Frame Heat Exchangers Market Outlook, By Gasketed (2018-2027) ($MN)     
23 North America Plate and Frame Heat Exchangers Market Outlook, By Semi-Welded (2018-2027) ($MN)     
24 North America Plate and Frame Heat Exchangers Market Outlook, By Application (2018-2027) ($MN)     
25 North America Plate and Frame Heat Exchangers Market Outlook, By Power Generation (2018-2027) ($MN)     
26 North America Plate and Frame Heat Exchangers Market Outlook, By Pulp & Paper (2018-2027) ($MN)     
27 North America Plate and Frame Heat Exchangers Market Outlook, By Chemical  (2018-2027) ($MN)     
28 North America Plate and Frame Heat Exchangers Market Outlook, By Food & Beverage (2018-2027) ($MN)     
29 North America Plate and Frame Heat Exchangers Market Outlook, By HVAC & Refrigeration (2018-2027) ($MN)     
30 North America Plate and Frame Heat Exchangers Market Outlook, By Petrochemical (2018-2027) ($MN)     
31 North America Plate and Frame Heat Exchangers Market Outlook, By Oil & Gas (2018-2027) ($MN)     
32 North America Plate and Frame Heat Exchangers Market Outlook, By Material Type (2018-2027) ($MN)     
33 North America Plate and Frame Heat Exchangers Market Outlook, By Non-Steel (2018-2027) ($MN)     
34 North America Plate and Frame Heat Exchangers Market Outlook, By Steel (2018-2027) ($MN)     
35 Europe Plate and Frame Heat Exchangers Market Outlook, By Country (2018-2027) ($MN)     
36 Europe Plate and Frame Heat Exchangers Market Outlook, By Product (2018-2027) ($MN)     
37 Europe Plate and Frame Heat Exchangers Market Outlook, By Welded (2018-2027) ($MN)     
38 Europe Plate and Frame Heat Exchangers Market Outlook, By Brazed (2018-2027) ($MN)     
39 Europe Plate and Frame Heat Exchangers Market Outlook, By Gasketed (2018-2027) ($MN)     
40 Europe Plate and Frame Heat Exchangers Market Outlook, By Semi-Welded (2018-2027) ($MN)     
41 Europe Plate and Frame Heat Exchangers Market Outlook, By Application (2018-2027) ($MN)     
42 Europe Plate and Frame Heat Exchangers Market Outlook, By Power Generation (2018-2027) ($MN)     
43 Europe Plate and Frame Heat Exchangers Market Outlook, By Pulp & Paper (2018-2027) ($MN)     
44 Europe Plate and Frame Heat Exchangers Market Outlook, By Chemical  (2018-2027) ($MN)     
45 Europe Plate and Frame Heat Exchangers Market Outlook, By Food & Beverage (2018-2027) ($MN)     
46 Europe Plate and Frame Heat Exchangers Market Outlook, By HVAC & Refrigeration (2018-2027) ($MN)     
47 Europe Plate and Frame Heat Exchangers Market Outlook, By Petrochemical (2018-2027) ($MN)     
48 Europe Plate and Frame Heat Exchangers Market Outlook, By Oil & Gas (2018-2027) ($MN)     
49 Europe Plate and Frame Heat Exchangers Market Outlook, By Material Type (2018-2027) ($MN)      
50 Europe Plate and Frame Heat Exchangers Market Outlook, By Non-Steel (2018-2027) ($MN)     
51 Europe Plate and Frame Heat Exchangers Market Outlook, By Steel (2018-2027) ($MN)     
52 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Country (2018-2027) ($MN)     
53 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Product (2018-2027) ($MN)     
54 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Welded (2018-2027) ($MN)     
55 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Brazed (2018-2027) ($MN)     
56 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Gasketed (2018-2027) ($MN)     
57 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Semi-Welded (2018-2027) ($MN)     
58 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Application (2018-2027) ($MN)     
59 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Power Generation (2018-2027) ($MN)     
60 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Pulp & Paper (2018-2027) ($MN)     
61 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Chemical  (2018-2027) ($MN)     
62 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Food & Beverage (2018-2027) ($MN)     
63 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By HVAC & Refrigeration (2018-2027) ($MN)     
64 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Petrochemical (2018-2027) ($MN)     
65 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Oil & Gas (2018-2027) ($MN)     
66 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Material Type (2018-2027) ($MN)     
67 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Non-Steel (2018-2027) ($MN)     
68 Asia Pacific Plate and Frame Heat Exchangers Market Outlook, By Steel (2018-2027) ($MN)     
69 South America Plate and Frame Heat Exchangers Market Outlook, By Country (2018-2027) ($MN)     
70 South America Plate and Frame Heat Exchangers Market Outlook, By Product (2018-2027) ($MN)     
71 South America Plate and Frame Heat Exchangers Market Outlook, By Welded (2018-2027) ($MN)     
72 South America Plate and Frame Heat Exchangers Market Outlook, By Brazed (2018-2027) ($MN)     
73 South America Plate and Frame Heat Exchangers Market Outlook, By Gasketed (2018-2027) ($MN)     
74 South America Plate and Frame Heat Exchangers Market Outlook, By Semi-Welded (2018-2027) ($MN)     
75 South America Plate and Frame Heat Exchangers Market Outlook, By Application (2018-2027) ($MN)     
76 South America Plate and Frame Heat Exchangers Market Outlook, By Power Generation (2018-2027) ($MN)     
77 South America Plate and Frame Heat Exchangers Market Outlook, By Pulp & Paper (2018-2027) ($MN)     
78 South America Plate and Frame Heat Exchangers Market Outlook, By Chemical  (2018-2027) ($MN)     
79 South America Plate and Frame Heat Exchangers Market Outlook, By Food & Beverage (2018-2027) ($MN)     
80 South America Plate and Frame Heat Exchangers Market Outlook, By HVAC & Refrigeration (2018-2027) ($MN)     
81 South America Plate and Frame Heat Exchangers Market Outlook, By Petrochemical (2018-2027) ($MN)     
82 South America Plate and Frame Heat Exchangers Market Outlook, By Oil & Gas (2018-2027) ($MN)     
83 South America Plate and Frame Heat Exchangers Market Outlook, By Material Type (2018-2027) ($MN)     
84 South America Plate and Frame Heat Exchangers Market Outlook, By Non-Steel (2018-2027) ($MN)     
85 South America Plate and Frame Heat Exchangers Market Outlook, By Steel (2018-2027) ($MN)     
86 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Country (2018-2027) ($MN)     
87 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Product (2018-2027) ($MN)     
88 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Welded (2018-2027) ($MN)     
89 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Brazed (2018-2027) ($MN)     
90 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Gasketed (2018-2027) ($MN)     
91 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Semi-Welded (2018-2027) ($MN)     
92 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Application (2018-2027) ($MN)     
93 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Power Generation (2018-2027) ($MN)     
94 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Pulp & Paper (2018-2027) ($MN)     
95 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Chemical  (2018-2027) ($MN)     
96 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Food & Beverage (2018-2027) ($MN)     
97 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By HVAC & Refrigeration (2018-2027) ($MN)     
98 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Petrochemical (2018-2027) ($MN)     
99 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Oil & Gas (2018-2027) ($MN)     
100 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Material Type (2018-2027) ($MN)     
101 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Non-Steel (2018-2027) ($MN)     
102 Middle East & Africa Plate and Frame Heat Exchangers Market Outlook, By Steel (2018-2027) ($MN)     

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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