Global Brazed Plate Heat Exchangers Market, By Product (Single Circuit, Multi-Circuit), Application (Evaporator, Condenser, Economizer), End-Use Industry (HVACR, Chemical, Food and Beverage, Power, Heavy Industries, Others) – Industry Trends and Forecast to 2029.
Brazed Plate Heat Exchangers Market Analysis and Size
This growth can be attributed to the increasing demand for advanced equipment in the pharmaceutical, petrochemical and power generation industries. The “multi-circuit” is the fastest growing product segment because it provides several advantages such as low maintenance cost, energy efficiency and smaller footprint. The increasing consumption of multi-circuit exchangers in HVAC applications will likely boost the market growth during the forecast period.
Data Bridge Market Research analyses that the temperature controlled pharmaceutical containers market was valued at USD 923.34 million in 2021 and is expected to reach USD 1646.76 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Brazed Plate Heat Exchangers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Single Circuit, Multi-Circuit), Application (Evaporator, Condenser, Economizer), End-Use Industry (HVACR, Chemical, Food and Beverage, Power, Heavy Industries, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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.). Manning and Lewis div of Rubicon Industries Corp (U.S.), Hughes Anderson Heat Exchangers Inc. (U.S.), Atlas Copco UK Holdings (Sweden), Hindustan Dorr-Oliver Ltd (India), Modine Manufacturing Company (U.S.), GEA Group Aktiengesellschaft (U.S.), Kelvion Holdings GmbH (Germany)
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Market Opportunities
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Market Definition
A brazed plate heat exchanger contains corrugated plates that join to create channels by which a hot and cold medium can be distributed. With the brazed plate heat exchanger, the heat completely cuts through the surface and then separates the hot medium from the cold. Therefore, heating and cooling gases and fluids use minimal energy levels.
Global Brazed Plate Heat Exchangers Market Dynamics
Drivers
- Rising demand of brazed plate heat exchangers in several industries
Brazed plate heat exchangers are highly used in petrochemical, chemical, oil & gas, HVACR, power generation and food & beverages. Furthermore, increased demand for services and products by these industries all over the globe is expected to act as a major driving factor for the growth of the brazed plate heat exchangers market.
- High usage of brazed plate heat exchangers in oil and gas industries
Brazed plate heat exchangers are widely used in the oil and gas industry for numerous applications such as natural gas condensation or evaporation systems, biogas upgrading, selective gas component extraction, and industrial usage of gases such as air or carbon dioxide. The high thermal efficiency coupled with the shorter lead time and compactness has increased the demand for the brazed plate heat exchangers over the traditional shell & tube heat exchangers.
- Increasing adoption of brazed plate heat exchangers
The high adoption of brazed plate heat exchangers due to their wide application in a complex series of processes, such as evaporation, separation, heating, cooling, condensing and others. Furthermore, brazed plate heat exchangers also withstand the continuous chemical reactions, allowing complex chemical processes to be completed efficiently and safely.
Opportunities
- Growing usage of brazed plate heat exchangers in HVACR industry
The HVACR (heating, ventilation, and air conditioning) industry is projected to remain fastest-growing segment of the brazed plate heat exchangers market. The demand for HVACR increases due to rise in order from the global construction sector. The construction sector is proliferating due to globalization, urbanization and growing standard of living, which, in turn, is increasing the demand for the HVACR and creating immense market growth opportunities during the forecast period.
Restraints/ Challenges
- High cost associated with brazed plate heat exchangers
The maintenance and consistent repair costs of the brazed plate heat exchangers are the major factors that restrain the demand of the brazed plate heat exchangers and obstruct the market growth rate.
Moreover, non-movable nature of the product will expected to obstruct the growth of the brazed plate heat exchangers market during the forecast period.
This brazed plate heat exchangers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the brazed plate heat exchangers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Brazed Plate Heat Exchangers Market
The outbreak of COVID-19 has impacted almost all industries by disrupting the supply chain and impeding several industrial operations. Maximum companies paused their operation due to less workforce. The manufacturing of brazed plate heat exchangers has stopped for a specific period because of high peak of COVID-19, which highly impacted the sales of the brazed plate heat exchangers. The brazed plate heat exchangers' sales are directly proportional to oil and gas demand. The oil & gas sector was negatively affected during the COVID-19 pandemic. However, the continued upstream activities have not impacted the demand for brazed plate heat exchangers.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Brazed Plate Heat Exchangers Market Scope
The brazed plate heat exchangers market is segmented on the basis of product, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Single Circuit
- Multi-Circuit
Application
- Evaporator
- Condenser
- Economizer
End-Use Industry
- HVACR
- Chemical
- Food and Beverage
- Power
- Heavy Industries
- Others
Brazed Plate Heat Exchangers Market Regional Analysis/Insights
The brazed plate heat exchangers market is analysed and market size insights and trends are provided by country, product, application and end-use industry as referenced above.
The countries covered in the brazed plate heat exchangers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the brazed plate heat exchangers market in terms of revenue and market share. This is due to the growing levels of investment for the development of infrastructure in this region.
North America and Asia-Pacific are anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the increasing usages of the product in industrial and HVAC applications along with growth of advanced infrastructure in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Brazed plate heat exchangers Market Share Analysis
The brazed plate heat exchangers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to brazed plate heat exchangers market.
Some of the major players operating in the brazed plate heat exchangers market are:
- 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.)
- Manning and Lewis div of Rubicon Industries Corp (U.S.)
- Hughes Anderson Heat Exchangers Inc. (U.S.)
- Atlas Copco UK Holdings (Sweden)
- Hindustan Dorr-Oliver Ltd (India)
- Modine Manufacturing Company (U.S.)
- GEA Group Aktiengesellschaft (U.S.)
- Kelvion Holdings GmbH (Germany)
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