Plate and Frame Heat Exchangers Market size to grow at a CAGR of 5.1% from 2022 to 2027; Europe to account for 34% of the market growth

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31 May, 2023, 05:15 ET

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NEW YORK, May 31, 2023 /PRNewswire/ -- The plate and frame heat exchangers market size is expected to grow by USD 1,617.18 million from 2022 to 2027. The market is expected to be progressing at a CAGR of 5.1% as per the latest Technavio market research report. Europe is estimated to account for 34% of the market's overall growth. Owing to factors such as increased reliance on the internet and social media, and continued technological advancements in the data center industry, the number of data centers in the region has increased. Governments in the European Union have enacted data retention laws to support cloud adoption and Safe Harbor. Along with the heat exchanger system, the cold climate conditions in the region help to cool the data center system more effectively and efficiently. This encourages companies to set up more data centers in the region. Hence, the construction of new data centers will boost the demand for HVAC systems and therefore for plate and frame heat exchangers in Europe. For more insights on the market share of various regions- Download sample report in MINUTES

Plate and Frame Heat Exchangers Market: Rising demand for plate and frame heat exchangers from end-users to drive growth

Plate And Frame Heat Exchangers Market: Expansion And Addition Of New Manufacturing Capacities

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Some of the key Plate And Frame Heat Exchangers Market Players:

The plate and frame heat exchangers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Advanced Industrial Components Inc., Alfa Laval AB, American Plate Exchanger APE, 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, Process Engineers And Associates, S.A. Armstrong Ltd., SPX FLOW Inc., Taco Comfort Solutions, Thermaline Inc., Xylem Inc., and Paul Mueller Co. Inc.

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Plate And Frame Heat Exchangers Market: Segmentation Analysis

This market research report segments the plate and frame heat exchangers market by end-user (chemical, power, HVAC, refrigeration, and oil and gas and others), type (gasketed, welded, and brazed), and geography (Europe, North America, APAC, Middle East and Africa, and South America).

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Plate And Frame Heat Exchangers Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.1%

Market growth 2023-2027

USD 1,617.18 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.2

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 34%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Historic Market Size

6 Historic Market Size

7 Five Forces Analysis

8 Market Segmentation by End-user

9 Market Segmentation by Type

10 Customer Landscape

11 Geographic Landscape

12 Drivers, Challenges, and Trends

13 Vendor Landscape

14 Vendor Analysis

15 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio

Technavio