The global market for Plate and Frame Heat Exchangers was valued at US$ 5085 million in the year 2024 and is projected to reach a revised size of US$ 6840 million by 2031, growing at a CAGR of 4.4% during the forecast period.
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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Plate and Frame Heat Exchangers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Plate and Frame Heat Exchangers.
The Plate and Frame Heat Exchangers market size, estimations, and forecasts are provided in terms of output/shipments (K Sqm) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Plate and Frame Heat Exchangers market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Plate and Frame Heat Exchangers manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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端ntner Group
Cipriani Heat Exchangers
Ningbo Hrale
HRS Heat Exchangers
by Type
Gasketed
Brazed
Welded
by Application
HVAC & Cooling
Oil & Gas
Power Generation
Chemical
Food & Beverage
Manufacturing Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Plate and Frame Heat Exchangers manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Plate and Frame Heat Exchangers by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Plate and Frame Heat Exchangers in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Plate and Frame Heat Exchangers Market Overview
1.1 Product Definition
1.2 Plate and Frame Heat Exchangers by Type
1.2.1 Global Plate and Frame Heat Exchangers Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Gasketed
1.2.3 Brazed
1.2.4 Welded
1.3 Plate and Frame Heat Exchangers by Application
1.3.1 Global Plate and Frame Heat Exchangers Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 HVAC & Cooling
1.3.3 Oil & Gas
1.3.4 Power Generation
1.3.5 Chemical
1.3.6 Food & Beverage
1.3.7 Manufacturing Industry
1.3.8 Others
1.4 Global Market Growth Prospects
1.4.1 Global Plate and Frame Heat Exchangers Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Plate and Frame Heat Exchangers Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Plate and Frame Heat Exchangers Production Estimates and Forecasts (2020-2031)
1.4.4 Global Plate and Frame Heat Exchangers Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Plate and Frame Heat Exchangers Production Market Share by Manufacturers (2020-2025)
2.2 Global Plate and Frame Heat Exchangers Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Plate and Frame Heat Exchangers, Industry Ranking, 2023 VS 2024
2.4 Global Plate and Frame Heat Exchangers Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Plate and Frame Heat Exchangers Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Plate and Frame Heat Exchangers, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Plate and Frame Heat Exchangers, Product Offered and Application
2.8 Global Key Manufacturers of Plate and Frame Heat Exchangers, Date of Enter into This Industry
2.9 Plate and Frame Heat Exchangers Market Competitive Situation and Trends
2.9.1 Plate and Frame Heat Exchangers Market Concentration Rate
2.9.2 Global 5 and 10 Largest Plate and Frame Heat Exchangers Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Plate and Frame Heat Exchangers Production by Region
3.1 Global Plate and Frame Heat Exchangers Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Plate and Frame Heat Exchangers Production Value by Region (2020-2031)
3.2.1 Global Plate and Frame Heat Exchangers Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Plate and Frame Heat Exchangers by Region (2026-2031)
3.3 Global Plate and Frame Heat Exchangers Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Plate and Frame Heat Exchangers Production Volume by Region (2020-2031)
3.4.1 Global Plate and Frame Heat Exchangers Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Plate and Frame Heat Exchangers by Region (2026-2031)
3.5 Global Plate and Frame Heat Exchangers Market Price Analysis by Region (2020-2025)
3.6 Global Plate and Frame Heat Exchangers Production and Value, Year-over-Year Growth
3.6.1 North America Plate and Frame Heat Exchangers Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Plate and Frame Heat Exchangers Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Plate and Frame Heat Exchangers Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Plate and Frame Heat Exchangers Production Value Estimates and Forecasts (2020-2031)
4 Plate and Frame Heat Exchangers Consumption by Region
4.1 Global Plate and Frame Heat Exchangers Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Plate and Frame Heat Exchangers Consumption by Region (2020-2031)
4.2.1 Global Plate and Frame Heat Exchangers Consumption by Region (2020-2025)
4.2.2 Global Plate and Frame Heat Exchangers Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Plate and Frame Heat Exchangers Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Plate and Frame Heat Exchangers Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Plate and Frame Heat Exchangers Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Plate and Frame Heat Exchangers Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Plate and Frame Heat Exchangers Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Plate and Frame Heat Exchangers Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Plate and Frame Heat Exchangers Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Plate and Frame Heat Exchangers Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Plate and Frame Heat Exchangers Production by Type (2020-2031)
5.1.1 Global Plate and Frame Heat Exchangers Production by Type (2020-2025)
5.1.2 Global Plate and Frame Heat Exchangers Production by Type (2026-2031)
5.1.3 Global Plate and Frame Heat Exchangers Production Market Share by Type (2020-2031)
5.2 Global Plate and Frame Heat Exchangers Production Value by Type (2020-2031)
5.2.1 Global Plate and Frame Heat Exchangers Production Value by Type (2020-2025)
5.2.2 Global Plate and Frame Heat Exchangers Production Value by Type (2026-2031)
5.2.3 Global Plate and Frame Heat Exchangers Production Value Market Share by Type (2020-2031)
5.3 Global Plate and Frame Heat Exchangers Price by Type (2020-2031)
6 Segment by Application
6.1 Global Plate and Frame Heat Exchangers Production by Application (2020-2031)
6.1.1 Global Plate and Frame Heat Exchangers Production by Application (2020-2025)
6.1.2 Global Plate and Frame Heat Exchangers Production by Application (2026-2031)
6.1.3 Global Plate and Frame Heat Exchangers Production Market Share by Application (2020-2031)
6.2 Global Plate and Frame Heat Exchangers Production Value by Application (2020-2031)
6.2.1 Global Plate and Frame Heat Exchangers Production Value by Application (2020-2025)
6.2.2 Global Plate and Frame Heat Exchangers Production Value by Application (2026-2031)
6.2.3 Global Plate and Frame Heat Exchangers Production Value Market Share by Application (2020-2031)
6.3 Global Plate and Frame Heat Exchangers Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Alfa Laval
7.1.1 Alfa Laval Plate and Frame Heat Exchangers Company Information
7.1.2 Alfa Laval Plate and Frame Heat Exchangers Product Portfolio
7.1.3 Alfa Laval Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Alfa Laval Main Business and Markets Served
7.1.5 Alfa Laval Recent Developments/Updates
7.2 Kelvion
7.2.1 Kelvion Plate and Frame Heat Exchangers Company Information
7.2.2 Kelvion Plate and Frame Heat Exchangers Product Portfolio
7.2.3 Kelvion Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Kelvion Main Business and Markets Served
7.2.5 Kelvion Recent Developments/Updates
7.3 Danfoss
7.3.1 Danfoss Plate and Frame Heat Exchangers Company Information
7.3.2 Danfoss Plate and Frame Heat Exchangers Product Portfolio
7.3.3 Danfoss Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Danfoss Main Business and Markets Served
7.3.5 Danfoss Recent Developments/Updates
7.4 SWEP
7.4.1 SWEP Plate and Frame Heat Exchangers Company Information
7.4.2 SWEP Plate and Frame Heat Exchangers Product Portfolio
7.4.3 SWEP Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.4.4 SWEP Main Business and Markets Served
7.4.5 SWEP Recent Developments/Updates
7.5 Spx Flow
7.5.1 Spx Flow Plate and Frame Heat Exchangers Company Information
7.5.2 Spx Flow Plate and Frame Heat Exchangers Product Portfolio
7.5.3 Spx Flow Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Spx Flow Main Business and Markets Served
7.5.5 Spx Flow Recent Developments/Updates
7.6 Hisaka Works
7.6.1 Hisaka Works Plate and Frame Heat Exchangers Company Information
7.6.2 Hisaka Works Plate and Frame Heat Exchangers Product Portfolio
7.6.3 Hisaka Works Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Hisaka Works Main Business and Markets Served
7.6.5 Hisaka Works Recent Developments/Updates
7.7 GU & THT
7.7.1 GU & THT Plate and Frame Heat Exchangers Company Information
7.7.2 GU & THT Plate and Frame Heat Exchangers Product Portfolio
7.7.3 GU & THT Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.7.4 GU & THT Main Business and Markets Served
7.7.5 GU & THT Recent Developments/Updates
7.8 Xylem
7.8.1 Xylem Plate and Frame Heat Exchangers Company Information
7.8.2 Xylem Plate and Frame Heat Exchangers Product Portfolio
7.8.3 Xylem Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Xylem Main Business and Markets Served
7.8.5 Xylem Recent Developments/Updates
7.9 API Heat Transfer
7.9.1 API Heat Transfer Plate and Frame Heat Exchangers Company Information
7.9.2 API Heat Transfer Plate and Frame Heat Exchangers Product Portfolio
7.9.3 API Heat Transfer Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.9.4 API Heat Transfer Main Business and Markets Served
7.9.5 API Heat Transfer Recent Developments/Updates
7.10 FUNKE
7.10.1 FUNKE Plate and Frame Heat Exchangers Company Information
7.10.2 FUNKE Plate and Frame Heat Exchangers Product Portfolio
7.10.3 FUNKE Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.10.4 FUNKE Main Business and Markets Served
7.10.5 FUNKE Recent Developments/Updates
7.11 Siping ViEX
7.11.1 Siping ViEX Plate and Frame Heat Exchangers Company Information
7.11.2 Siping ViEX Plate and Frame Heat Exchangers Product Portfolio
7.11.3 Siping ViEX Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Siping ViEX Main Business and Markets Served
7.11.5 Siping ViEX Recent Developments/Updates
7.12 Kaori Heat Treatment
7.12.1 Kaori Heat Treatment Plate and Frame Heat Exchangers Company Information
7.12.2 Kaori Heat Treatment Plate and Frame Heat Exchangers Product Portfolio
7.12.3 Kaori Heat Treatment Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Kaori Heat Treatment Main Business and Markets Served
7.12.5 Kaori Heat Treatment Recent Developments/Updates
7.13 LS Heat Exchange
7.13.1 LS Heat Exchange Plate and Frame Heat Exchangers Company Information
7.13.2 LS Heat Exchange Plate and Frame Heat Exchangers Product Portfolio
7.13.3 LS Heat Exchange Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.13.4 LS Heat Exchange Main Business and Markets Served
7.13.5 LS Heat Exchange Recent Developments/Updates
7.14 G端ntner Group
7.14.1 G端ntner Group Plate and Frame Heat Exchangers Company Information
7.14.2 G端ntner Group Plate and Frame Heat Exchangers Product Portfolio
7.14.3 G端ntner Group Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.14.4 G端ntner Group Main Business and Markets Served
7.14.5 G端ntner Group Recent Developments/Updates
7.15 Cipriani Heat Exchangers
7.15.1 Cipriani Heat Exchangers Plate and Frame Heat Exchangers Company Information
7.15.2 Cipriani Heat Exchangers Plate and Frame Heat Exchangers Product Portfolio
7.15.3 Cipriani Heat Exchangers Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Cipriani Heat Exchangers Main Business and Markets Served
7.15.5 Cipriani Heat Exchangers Recent Developments/Updates
7.16 Ningbo Hrale
7.16.1 Ningbo Hrale Plate and Frame Heat Exchangers Company Information
7.16.2 Ningbo Hrale Plate and Frame Heat Exchangers Product Portfolio
7.16.3 Ningbo Hrale Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Ningbo Hrale Main Business and Markets Served
7.16.5 Ningbo Hrale Recent Developments/Updates
7.17 HRS Heat Exchangers
7.17.1 HRS Heat Exchangers Plate and Frame Heat Exchangers Company Information
7.17.2 HRS Heat Exchangers Plate and Frame Heat Exchangers Product Portfolio
7.17.3 HRS Heat Exchangers Plate and Frame Heat Exchangers Production, Value, Price and Gross Margin (2020-2025)
7.17.4 HRS Heat Exchangers Main Business and Markets Served
7.17.5 HRS Heat Exchangers Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Plate and Frame Heat Exchangers Industry Chain Analysis
8.2 Plate and Frame Heat Exchangers Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Plate and Frame Heat Exchangers Production Mode & Process Analysis
8.4 Plate and Frame Heat Exchangers Sales and Marketing
8.4.1 Plate and Frame Heat Exchangers Sales Channels
8.4.2 Plate and Frame Heat Exchangers Distributors
8.5 Plate and Frame Heat Exchangers Customer Analysis
9 Plate and Frame Heat Exchangers Market Dynamics
9.1 Plate and Frame Heat Exchangers Industry Trends
9.2 Plate and Frame Heat Exchangers Market Drivers
9.3 Plate and Frame Heat Exchangers Market Challenges
9.4 Plate and Frame Heat Exchangers Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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端ntner Group
Cipriani Heat Exchangers
Ningbo Hrale
HRS Heat Exchangers
油
油
*If Applicable.