It’s being expected that by 2027, the Brazed Plate Heat Exchangers market cap will hit USD 1.81 Billion at a CAGR growth of about 7.6%.
.jpg "The Global Brazed Plate Heat Exchangers Market 2022-2032 (USD Billion)")
Growing product usage in economizers, floor heating, oil coolers, condensers, super-coolers,next gen refrigerant evaporators, and various other industrial applications is expected to power the sector.
The brazed plate heat exchangers used to transfer heat between two fluids without the risk of separating the fluids are small-sized exchangers.
They are used for heating as well as for cooling purposes. Industries use cooling functions to discourage overheating of dangerous compounds that can affect the machinery rather than the heating functions. In addition, due to the beneficial properties of brazed plate heat exchangers, including low footprint, low maintenance costs and low maintenance costs, the industry is booming., and cost-efficiency.
In order to transfer heat from one fluid to another, these exchangers contain metal plates joined together. Using zinc oxide , the metal plates are vacuum brazed together. Due to the strength of the joints and no residual flux, vacuum brazing is strongly favored.
Brazed Plate Heat Exchangers Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2017-2018 |
| Forecast Period | 2022-2027 |
| Study Period | 2017-2027 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2027 | USD 1.81 Billion |
| Growth Rate | CAGR of 7.6 % during 2017-2027 |
| Segment Covered | product, end-use industry, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | ALFA LAVAL, Kelvion Holding GmbH, SWEP International AB, Danfoss A/S, Xylem., API Heat Transfer, Chart Industries, Hisaka Works, Ltd., Kaori Heat Treatment Co., Ltd., Paul Mueller Company, Baode Heat Exchanger Co, Ltd., Barriquand Group, Boyd Corporation., Diversified Heat Transfer, Inc., |
Key Segments of the Global Brazed plate heat exchangers Market
Product Overview
- Single circuit
- Multi circuit
Application Overview
- HVAC
- Industrial
Frequently Asked Questions (FAQ) :
The application of the brazed plate heat echangers market HVAC, Industrial.
The brazed plate heat echangers market is growing at a CAGR of 7.6 % over the forecast period
The Global brazed plate heat echangers market is Segmented on the basis of Product, Application, Regions.
Vacuum brazing is highly preferred because of the strength of the joints and no residual flux. These heat exchangers are highly used in the HVAC industry and automotive applications and are expected to see an increase in demand in the former. Due to rising urbanization and highly developed technology sectors, the U.S. is one of the major markets for brazed plate exchangers. High infrastructure development, including housing construction, hotels and offices, is expected to fuel market growth during the forecast period. Furthermore, the U.S. The HVAC industry is expected to develop dramatically thanks to the rapid growth of variable refrigerant flow (VRF) technology, according to the Bonneville Power Administration (BPA). This, in turn, is projected to boost the demand for brazed plate exchangers.
Industries that involve high production levels adopt multi-circuit exchangers on a large scale. The multi-circuit brazed plate heat exchangers segment is anticipated to dominate the U.S. market over the forecast period.
Product Segment
The market, depending on the commodity, is segmented into a single circuit and multi-circuit. In terms of revenue, the multi-circuit product segment dominated the industry, contributing 65.3% of the total market share in 2018 and is projected to have the highest market share over the estimated period. The benefits of multi-circuit brazed plate heat exchangers include lower footprint, low maintenance costs, and energy efficiency.
Rising use of multi-circuit exchangers in HVAC applications is expected to drive their demand over the forecast period. In 2018, in terms of revenue, the single circuit board segment was priced at USD 298.3 million and is expected to experience a moderate growth rate over the forecast timeframe. Single circuit brazed plate heat exchangers experience moderate growth rates due to their growing demand for use in heat pumps and water heating applications. This, in turn, is expected to drive the market growth of single circuit brazed plate heat exchangers over the forecast timeframe.
Application analysis
Based on the application, the market is segmented into HVAC, industrial, and others. In terms of revenue, the HVAC application segment is likely to reach USD 377.0 million by 2025. Brazed plate exchangers are used in refrigerators and air conditioners. Technological advancements and ascending demand for smaller products have driven the manufacturers of HVAC products to adopt brazed plate heat exchangers owing to their smaller footprint, thereby boosting the product demand. Moreover, brazed plate heat exchangers are characterized by lower expenses since they consume less energy and incur low maintenance costs.
It is projected that Europe will dominate the global economy and account for a sales share of 34.1 percent in 2025. Over the projected timeframe, Germany, Italy and France are among the European countries predicted to affect the development of the global demand for brazed plate heat exchangers. Governments' increasing spending in infrastructure growth is projected to drive the region's commodity demand. Growing infrastructure improvements, including homes, offices, and manufacturing, are expected to trigger demand for HVAC systems and, in turn, demand for brazed plate heat exchangers. New infrastructural innovations are estimated to fuel demand growth over the forecast period in various developing countries in North America and Asia Pacific. The U.S.’s spending on infrastructure has increased in the past decade, which indicates an increase in the product demand in HVAC and industrial applications. India is witnessing increasing investments in infrastructure development through the National Investment & Infrastructure Fund’s (NIIF) support. In June 2018, the Asian Infrastructure Investment Bank announced an investment worth USD 200 million in NIIF. In 2017, the Indian infrastructure sector experienced over 91 mergers & acquisitions worth USD 5.4 billion.
