Product Code: IRTNTR75147
Technavio has been monitoring the plate and frame heat exchangers market and is forecast to grow by $ 1421.2 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. Our report on the plate and frame heat exchangers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for plate and frame heat exchangers from end-users, growing adoption of cleanrooms across industries, and rising number of data centers.
Technavio's plate and frame heat exchangers market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.11% |
CAGR | 4.36% |
Incremental Value | $1421.2mn |
By End-user
- Chemical
- Power
- HVAC
- Refrigeration
- Oil and gas and others
By Type
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the expansion and addition of new manufacturing capacities as one of the prime reasons driving the plate and frame heat exchangers market growth during the next few years. Also, advances in design of plate and frame heat exchangers and increasing demand for energy-efficient plate and frame exchangers will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the plate and frame heat exchangers market covers the following areas:
- Plate and frame heat exchangers market sizing
- Plate and frame heat exchangers market forecast
- Plate and frame heat exchangers market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plate and frame heat exchangers market vendors that include Advanced Industrial Components Inc., Alfa Laval AB, American Plate Exchanger, API Heat Transfer Inc., Avingtrans plc, Baffles cooling systems, Danfoss AS, Dover Corp., FISCHER Maschinen u. Apparatebau GmbH, FUNKE Warmeaustauscher Apparatebau GmbH, Hisaka Works Ltd., ITT Inc., Kelvion Holding GmbH, Paul Mueller Co. Inc., Process Engineers And Associates, S.A. Armstrong Ltd., SPX FLOW Inc., Taco Comfort Solutions, Thermaline Inc., and Xylem Inc.. Also, the plate and frame heat exchangers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Plate And Frame Heat Exchangers Market 2018 - 2022
- Historic Market Size - Data Table on Global Plate And Frame Heat Exchangers Market 2018 - 2022 ($ million)
- 4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
- 6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 6.3 Chemical - Market size and forecast 2023-2028
- Chart on Chemical - Market size and forecast 2023-2028 ($ million)
- Data Table on Chemical - Market size and forecast 2023-2028 ($ million)
- Chart on Chemical - Year-over-year growth 2023-2028 (%)
- Data Table on Chemical - Year-over-year growth 2023-2028 (%)
- 6.4 Power - Market size and forecast 2023-2028
- Chart on Power - Market size and forecast 2023-2028 ($ million)
- Data Table on Power - Market size and forecast 2023-2028 ($ million)
- Chart on Power - Year-over-year growth 2023-2028 (%)
- Data Table on Power - Year-over-year growth 2023-2028 (%)
- 6.5 HVAC - Market size and forecast 2023-2028
- Chart on HVAC - Market size and forecast 2023-2028 ($ million)
- Data Table on HVAC - Market size and forecast 2023-2028 ($ million)
- Chart on HVAC - Year-over-year growth 2023-2028 (%)
- Data Table on HVAC - Year-over-year growth 2023-2028 (%)
- 6.6 Refrigeration - Market size and forecast 2023-2028
- Chart on Refrigeration - Market size and forecast 2023-2028 ($ million)
- Data Table on Refrigeration - Market size and forecast 2023-2028 ($ million)
- Chart on Refrigeration - Year-over-year growth 2023-2028 (%)
- Data Table on Refrigeration - Year-over-year growth 2023-2028 (%)
- 6.7 Oil and gas and others - Market size and forecast 2023-2028
- Chart on Oil and gas and others - Market size and forecast 2023-2028 ($ million)
- Data Table on Oil and gas and others - Market size and forecast 2023-2028 ($ million)
- Chart on Oil and gas and others - Year-over-year growth 2023-2028 (%)
- Data Table on Oil and gas and others - Year-over-year growth 2023-2028 (%)
- 6.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Gasketed - Market size and forecast 2023-2028
- Chart on Gasketed - Market size and forecast 2023-2028 ($ million)
- Data Table on Gasketed - Market size and forecast 2023-2028 ($ million)
- Chart on Gasketed - Year-over-year growth 2023-2028 (%)
- Data Table on Gasketed - Year-over-year growth 2023-2028 (%)
- 7.4 Welded - Market size and forecast 2023-2028
- Chart on Welded - Market size and forecast 2023-2028 ($ million)
- Data Table on Welded - Market size and forecast 2023-2028 ($ million)
- Chart on Welded - Year-over-year growth 2023-2028 (%)
- Data Table on Welded - Year-over-year growth 2023-2028 (%)
- 7.5 Brazed - Market size and forecast 2023-2028
- Chart on Brazed - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazed - Market size and forecast 2023-2028 ($ million)
- Chart on Brazed - Year-over-year growth 2023-2028 (%)
- Data Table on Brazed - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.12 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Advanced Industrial Components Inc.
- Advanced Industrial Components Inc. - Overview
- Advanced Industrial Components Inc. - Product / Service
- Advanced Industrial Components Inc. - Key offerings
- 12.4 Alfa Laval AB
- Alfa Laval AB - Overview
- Alfa Laval AB - Business segments
- Alfa Laval AB - Key news
- Alfa Laval AB - Key offerings
- Alfa Laval AB - Segment focus
- 12.5 American Plate Exchanger
- American Plate Exchanger - Overview
- American Plate Exchanger - Product / Service
- American Plate Exchanger - Key offerings
- 12.6 API Heat Transfer Inc.
- API Heat Transfer Inc. - Overview
- API Heat Transfer Inc. - Product / Service
- API Heat Transfer Inc. - Key offerings
- 12.7 Avingtrans plc
- Avingtrans plc - Overview
- Avingtrans plc - Business segments
- Avingtrans plc - Key offerings
- Avingtrans plc - Segment focus
- 12.8 Danfoss AS
- Danfoss AS - Overview
- Danfoss AS - Product / Service
- Danfoss AS - Key offerings
- 12.9 Dover Corp.
- Dover Corp. - Overview
- Dover Corp. - Business segments
- Dover Corp. - Key news
- Dover Corp. - Key offerings
- Dover Corp. - Segment focus
- 12.10 FISCHER Maschinen u. Apparatebau GmbH
- FISCHER Maschinen u. Apparatebau GmbH - Overview
- FISCHER Maschinen u. Apparatebau GmbH - Product / Service
- FISCHER Maschinen u. Apparatebau GmbH - Key offerings
- 12.11 Hisaka Works Ltd.
- Hisaka Works Ltd. - Overview
- Hisaka Works Ltd. - Product / Service
- Hisaka Works Ltd. - Key offerings
- 12.12 ITT Inc.
- ITT Inc. - Overview
- ITT Inc. - Business segments
- ITT Inc. - Key offerings
- ITT Inc. - Segment focus
- 12.13 Kelvion Holding GmbH
- Kelvion Holding GmbH - Overview
- Kelvion Holding GmbH - Product / Service
- Kelvion Holding GmbH - Key offerings
- 12.14 S.A. Armstrong Ltd.
- S.A. Armstrong Ltd. - Overview
- S.A. Armstrong Ltd. - Product / Service
- S.A. Armstrong Ltd. - Key offerings
- 12.15 SPX FLOW Inc.
- SPX FLOW Inc. - Overview
- SPX FLOW Inc. - Product / Service
- SPX FLOW Inc. - Key offerings
- 12.16 Taco Comfort Solutions
- Taco Comfort Solutions - Overview
- Taco Comfort Solutions - Product / Service
- Taco Comfort Solutions - Key offerings
- 12.17 Xylem Inc.
- Xylem Inc. - Overview
- Xylem Inc. - Business segments
- Xylem Inc. - Key news
- Xylem Inc. - Key offerings
- Xylem Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations