The global Plate and Frame Heat Exchangers market size is predicted to grow from US$ 4974 million in 2025 to US$ 6498 million in 2031; it is expected to grow at a CAGR of 4.6% from 2025 to 2031.
A plate and frame heat exchanger is a type of heat exchanger that uses metal plates to transfer heat between two fluids. This has a major advantage over a conventional heat exchanger in that the fluids are exposed to a much larger surface area because the fluids are spread out over the plates. This facilitates the transfer of heat, and greatly increases the speed of the temperature change.
The Plate and Frame Heat Exchangers market has been experiencing growth driven by increasing demand for efficient heat transfer solutions across multiple industries. Plate and Frame Heat Exchangers are widely used in heating, ventilation, and air conditioning (HVAC) systems, refrigeration, chemical processing, power generation, food and beverages, pharmaceuticals, and petrochemicals, among others.
Market Drivers
Energy Efficiency: Growing emphasis on energy efficiency has bolstered demand for Plate and Frame Heat Exchangers, as these systems are highly efficient in transferring heat, helping industries reduce energy consumption and operational costs. Stringent Environmental Regulations: Regulations focusing on reducing greenhouse gas emissions and promoting sustainable practices are encouraging industries to adopt more efficient heat exchanger systems, driving market growth. Rapid Industrialization: Rising industrial activities, especially in emerging economies, contribute to demand, as these industries need efficient heating and cooling solutions.
Market Trends
Increased Adoption in Renewable Energy: Renewable energy applications, such as geothermal heating systems and solar water heating, are increasingly using Plate and Frame Heat Exchangers due to their efficiency and compatibility with various heat transfer media. Focus on Compact and Modular Designs: Manufacturers are developing more compact, modular Plate and Frame Heat Exchangers to optimize space and facilitate easier installation and maintenance. These designs are becoming popular in urban settings and industries with space constraints. Use of Corrosion-Resistant Materials: With applications expanding in sectors with corrosive environments (e.g., chemical and petrochemical industries), there is growing use of corrosion-resistant materials like stainless steel, titanium, and special alloys, enhancing longevity and reducing maintenance needs.
The 鈥淧late and Frame Heat Exchangers Industry Forecast鈥� looks at past sales and reviews total world Plate and Frame Heat Exchangers sales in 2024, providing a comprehensive analysis by region and market sector of projected Plate and Frame Heat Exchangers sales for 2025 through 2031. With Plate and Frame Heat Exchangers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plate and Frame Heat Exchangers industry.
This Insight Report provides a comprehensive analysis of the global Plate and Frame Heat Exchangers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plate and Frame Heat Exchangers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Plate and Frame Heat Exchangers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plate and Frame Heat Exchangers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plate and Frame Heat Exchangers.
This report presents a comprehensive overview, market shares, and growth opportunities of Plate and Frame Heat Exchangers market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Gasketed
Brazed
Welded
Segmentation by Application:
HVAC & Cooling
Oil & Gas
Power Generation
Chemical
Food & Beverage
Manufacturing Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Alfa Laval
Kelvion
Danfoss
SWEP
Spx Flow
Hisaka Works
GU & THT
Xylem
API Heat Transfer
FUNKE
Siping ViEX
Kaori Heat Treatment
LS Heat Exchange
G眉ntner Group
Cipriani Heat Exchangers
Ningbo Hrale
HRS Heat Exchangers
Key Questions Addressed in this Report
What is the 10-year outlook for the global Plate and Frame Heat Exchangers market?
What factors are driving Plate and Frame Heat Exchangers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Plate and Frame Heat Exchangers market opportunities vary by end market size?
How does Plate and Frame Heat Exchangers break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Plate and Frame Heat Exchangers Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Plate and Frame Heat Exchangers by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Plate and Frame Heat Exchangers by Country/Region, 2020, 2024 & 2031
2.2 Plate and Frame Heat Exchangers Segment by Type
2.2.1 Gasketed
2.2.2 Brazed
2.2.3 Welded
2.3 Plate and Frame Heat Exchangers Sales by Type
2.3.1 Global Plate and Frame Heat Exchangers Sales Market Share by Type (2020-2025)
2.3.2 Global Plate and Frame Heat Exchangers Revenue and Market Share by Type (2020-2025)
2.3.3 Global Plate and Frame Heat Exchangers Sale Price by Type (2020-2025)
2.4 Plate and Frame Heat Exchangers Segment by Application
2.4.1 HVAC & Cooling
2.4.2 Oil & Gas
2.4.3 Power Generation
2.4.4 Chemical
2.4.5 Food & Beverage
2.4.6 Manufacturing Industry
2.4.7 Others
2.5 Plate and Frame Heat Exchangers Sales by Application
2.5.1 Global Plate and Frame Heat Exchangers Sale Market Share by Application (2020-2025)
2.5.2 Global Plate and Frame Heat Exchangers Revenue and Market Share by Application (2020-2025)
2.5.3 Global Plate and Frame Heat Exchangers Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Plate and Frame Heat Exchangers Breakdown Data by Company
3.1.1 Global Plate and Frame Heat Exchangers Annual Sales by Company (2020-2025)
3.1.2 Global Plate and Frame Heat Exchangers Sales Market Share by Company (2020-2025)
3.2 Global Plate and Frame Heat Exchangers Annual Revenue by Company (2020-2025)
3.2.1 Global Plate and Frame Heat Exchangers Revenue by Company (2020-2025)
3.2.2 Global Plate and Frame Heat Exchangers Revenue Market Share by Company (2020-2025)
3.3 Global Plate and Frame Heat Exchangers Sale Price by Company
3.4 Key Manufacturers Plate and Frame Heat Exchangers Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Plate and Frame Heat Exchangers Product Location Distribution
3.4.2 Players Plate and Frame Heat Exchangers Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Plate and Frame Heat Exchangers by Geographic Region
4.1 World Historic Plate and Frame Heat Exchangers Market Size by Geographic Region (2020-2025)
4.1.1 Global Plate and Frame Heat Exchangers Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Plate and Frame Heat Exchangers Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Plate and Frame Heat Exchangers Market Size by Country/Region (2020-2025)
4.2.1 Global Plate and Frame Heat Exchangers Annual Sales by Country/Region (2020-2025)
4.2.2 Global Plate and Frame Heat Exchangers Annual Revenue by Country/Region (2020-2025)
4.3 Americas Plate and Frame Heat Exchangers Sales Growth
4.4 APAC Plate and Frame Heat Exchangers Sales Growth
4.5 Europe Plate and Frame Heat Exchangers Sales Growth
4.6 Middle East & Africa Plate and Frame Heat Exchangers Sales Growth
5 Americas
5.1 Americas Plate and Frame Heat Exchangers Sales by Country
5.1.1 Americas Plate and Frame Heat Exchangers Sales by Country (2020-2025)
5.1.2 Americas Plate and Frame Heat Exchangers Revenue by Country (2020-2025)
5.2 Americas Plate and Frame Heat Exchangers Sales by Type (2020-2025)
5.3 Americas Plate and Frame Heat Exchangers Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Plate and Frame Heat Exchangers Sales by Region
6.1.1 APAC Plate and Frame Heat Exchangers Sales by Region (2020-2025)
6.1.2 APAC Plate and Frame Heat Exchangers Revenue by Region (2020-2025)
6.2 APAC Plate and Frame Heat Exchangers Sales by Type (2020-2025)
6.3 APAC Plate and Frame Heat Exchangers Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Plate and Frame Heat Exchangers by Country
7.1.1 Europe Plate and Frame Heat Exchangers Sales by Country (2020-2025)
7.1.2 Europe Plate and Frame Heat Exchangers Revenue by Country (2020-2025)
7.2 Europe Plate and Frame Heat Exchangers Sales by Type (2020-2025)
7.3 Europe Plate and Frame Heat Exchangers Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Plate and Frame Heat Exchangers by Country
8.1.1 Middle East & Africa Plate and Frame Heat Exchangers Sales by Country (2020-2025)
8.1.2 Middle East & Africa Plate and Frame Heat Exchangers Revenue by Country (2020-2025)
8.2 Middle East & Africa Plate and Frame Heat Exchangers Sales by Type (2020-2025)
8.3 Middle East & Africa Plate and Frame Heat Exchangers Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Plate and Frame Heat Exchangers
10.3 Manufacturing Process Analysis of Plate and Frame Heat Exchangers
10.4 Industry Chain Structure of Plate and Frame Heat Exchangers
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Plate and Frame Heat Exchangers Distributors
11.3 Plate and Frame Heat Exchangers Customer
12 World Forecast Review for Plate and Frame Heat Exchangers by Geographic Region
12.1 Global Plate and Frame Heat Exchangers Market Size Forecast by Region
12.1.1 Global Plate and Frame Heat Exchangers Forecast by Region (2026-2031)
12.1.2 Global Plate and Frame Heat Exchangers Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Plate and Frame Heat Exchangers Forecast by Type (2026-2031)
12.7 Global Plate and Frame Heat Exchangers Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Alfa Laval
13.1.1 Alfa Laval Company Information
13.1.2 Alfa Laval Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.1.3 Alfa Laval Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Alfa Laval Main Business Overview
13.1.5 Alfa Laval Latest Developments
13.2 Kelvion
13.2.1 Kelvion Company Information
13.2.2 Kelvion Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.2.3 Kelvion Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Kelvion Main Business Overview
13.2.5 Kelvion Latest Developments
13.3 Danfoss
13.3.1 Danfoss Company Information
13.3.2 Danfoss Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.3.3 Danfoss Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Danfoss Main Business Overview
13.3.5 Danfoss Latest Developments
13.4 SWEP
13.4.1 SWEP Company Information
13.4.2 SWEP Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.4.3 SWEP Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 SWEP Main Business Overview
13.4.5 SWEP Latest Developments
13.5 Spx Flow
13.5.1 Spx Flow Company Information
13.5.2 Spx Flow Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.5.3 Spx Flow Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Spx Flow Main Business Overview
13.5.5 Spx Flow Latest Developments
13.6 Hisaka Works
13.6.1 Hisaka Works Company Information
13.6.2 Hisaka Works Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.6.3 Hisaka Works Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Hisaka Works Main Business Overview
13.6.5 Hisaka Works Latest Developments
13.7 GU & THT
13.7.1 GU & THT Company Information
13.7.2 GU & THT Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.7.3 GU & THT Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 GU & THT Main Business Overview
13.7.5 GU & THT Latest Developments
13.8 Xylem
13.8.1 Xylem Company Information
13.8.2 Xylem Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.8.3 Xylem Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Xylem Main Business Overview
13.8.5 Xylem Latest Developments
13.9 API Heat Transfer
13.9.1 API Heat Transfer Company Information
13.9.2 API Heat Transfer Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.9.3 API Heat Transfer Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 API Heat Transfer Main Business Overview
13.9.5 API Heat Transfer Latest Developments
13.10 FUNKE
13.10.1 FUNKE Company Information
13.10.2 FUNKE Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.10.3 FUNKE Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 FUNKE Main Business Overview
13.10.5 FUNKE Latest Developments
13.11 Siping ViEX
13.11.1 Siping ViEX Company Information
13.11.2 Siping ViEX Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.11.3 Siping ViEX Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Siping ViEX Main Business Overview
13.11.5 Siping ViEX Latest Developments
13.12 Kaori Heat Treatment
13.12.1 Kaori Heat Treatment Company Information
13.12.2 Kaori Heat Treatment Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.12.3 Kaori Heat Treatment Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Kaori Heat Treatment Main Business Overview
13.12.5 Kaori Heat Treatment Latest Developments
13.13 LS Heat Exchange
13.13.1 LS Heat Exchange Company Information
13.13.2 LS Heat Exchange Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.13.3 LS Heat Exchange Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 LS Heat Exchange Main Business Overview
13.13.5 LS Heat Exchange Latest Developments
13.14 G眉ntner Group
13.14.1 G眉ntner Group Company Information
13.14.2 G眉ntner Group Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.14.3 G眉ntner Group Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 G眉ntner Group Main Business Overview
13.14.5 G眉ntner Group Latest Developments
13.15 Cipriani Heat Exchangers
13.15.1 Cipriani Heat Exchangers Company Information
13.15.2 Cipriani Heat Exchangers Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.15.3 Cipriani Heat Exchangers Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Cipriani Heat Exchangers Main Business Overview
13.15.5 Cipriani Heat Exchangers Latest Developments
13.16 Ningbo Hrale
13.16.1 Ningbo Hrale Company Information
13.16.2 Ningbo Hrale Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.16.3 Ningbo Hrale Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Ningbo Hrale Main Business Overview
13.16.5 Ningbo Hrale Latest Developments
13.17 HRS Heat Exchangers
13.17.1 HRS Heat Exchangers Company Information
13.17.2 HRS Heat Exchangers Plate and Frame Heat Exchangers Product Portfolios and Specifications
13.17.3 HRS Heat Exchangers Plate and Frame Heat Exchangers Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 HRS Heat Exchangers Main Business Overview
13.17.5 HRS Heat Exchangers Latest Developments
14 Research Findings and Conclusion
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*If Applicable.