Table of Content

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS & EXCLUSIONS 32
1.3 MARKET SCOPE 32
1.4 REGIONS COVERED 33
1.4.1 YEARS CONSIDERED 33
1.5 CURRENCY CONSIDERED 34
1.6 UNITS CONSIDERED 34
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 1 PLATE & FRAME HEAT EXCHANGER MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Key data from primary sources 38
2.1.2.2 Primary interviews: Demand and supply sides 38
2.1.2.3 Key industry insights 39
2.1.2.4 Breakdown of primary interviews 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 40
FIGURE 2 PLATE & FRAME HEAT EXCHANGER MARKET: BOTTOM-UP APPROACH 40
2.2.2 TOP-DOWN APPROACH 40
FIGURE 3 PLATE & FRAME HEAT EXCHANGER MARKET: TOP-DOWN APPROACH 40
FIGURE 4 PLATE & FRAME HEAT EXCHANGER MARKET: MARKET SIZE ESTIMATION (BASE NUMBER CALCULATION) 41
2.3 MARKET SIZE PROJECTION 41
FIGURE 5 DEMAND-SIDE FORECAST PROJECTIONS 41
2.4 DATA TRIANGULATION 42
FIGURE 6 PLATE & FRAME HEAT EXCHANGER MARKET: DATA TRIANGULATION 42
2.5 FACTOR ANALYSIS 43
2.6 ASSUMPTIONS 43
2.7 LIMITATIONS AND RISKS 44
2.8 RECESSION IMPACT 44
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3 EXECUTIVE SUMMARY 45
FIGURE 7 GASKETED PLATE & FRAME HEAT EXCHANGERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 45
FIGURE 8 HVAC & REFRIGERATION APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD 46
FIGURE 9 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 47
4 PREMIUM INSIGHTS 48
4.1 SIGNIFICANT OPPORTUNITIES FOR PLATE & FRAME HEAT EXCHANGER MARKET PLAYERS 48
FIGURE 10 HIGH GROWTH POTENTIAL IN ASIA PACIFIC DURING FORECAST PERIOD 48
4.2 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION AND COUNTRY 48
FIGURE 11 HVAC & REFRIGERATION APPLICATION LED OVERALL MARKET IN EUROPE 48
4.3 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE 49
FIGURE 12 GASKETED PLATE & FRAME HEAT EXCHANGERS TO LEAD MARKET 49
4.4 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION 49
FIGURE 13 HVAC & REFRIGERATION TO BE LARGEST END USER OF PLATE & FRAME HEAT EXCHANGER 49
4.5 PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY 50
FIGURE 14 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
5.2.1.1 Stringent environmental regulations 52
5.2.1.2 Rising demand for HVACR equipment 52
5.2.1.3 Technological developments in brazed plate heat exchangers 53
5.2.1.4 Advantages of plate & frame heat exchangers over other heat exchangers 53
5.2.2 RESTRAINTS 53
5.2.2.1 Volatility in raw material prices 53
5.2.2.2 Increasing demand for battery electric vehicles 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Growth of plate & frame heat exchanger aftermarket 54
5.2.3.2 Rapid industrialization in emerging regions 54
5.2.4 CHALLENGES 55
5.2.4.1 Clogging of heat exchangers 55
5.3 VALUE CHAIN ANALYSIS 55
FIGURE 16 PLATE & FRAME HEAT EXCHANGER MARKET: VALUE CHAIN ANALYSIS 55
5.3.1 RAW MATERIAL SUPPLIERS 56
5.3.2 MANUFACTURERS 56
5.3.3 DISTRIBUTORS 56
5.3.4 END USERS 56
5.4 PORTER’S FIVE FORCES ANALYSIS 57
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET 57
5.4.1 THREAT OF NEW ENTRANTS 57
5.4.2 THREAT OF SUBSTITUTES 58
5.4.3 BARGAINING POWER OF SUPPLIERS 58
5.4.4 BARGAINING POWER OF BUYERS 58
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 58
TABLE 1 PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET 59
5.5 MACROECONOMIC INDICATORS 59
5.5.1 POWER GENERATION 59
TABLE 2 POWER GENERATION, BY COUNTRY, TERAWATT-HOUR (TWH) 59
5.5.2 DEMAND FOR AIR CONDITIONING (AC) 60
TABLE 3 DEMAND FOR AC, BY COUNTRY (2021) 60
5.5.3 CHEMICAL SALES 60
TABLE 4 CHEMICAL SALES, 2020 (USD BILLION) 61
5.6 KEY CONFERENCES & EVENTS IN 2022–2023 61
TABLE 5 PLATE & FRAME HEAT EXCHANGERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 61
5.7 KEY FACTORS AFFECTING BUYING DECISIONS 62
5.7.1 QUALITY 62
5.7.2 SERVICE 62
FIGURE 18 KEY BUYING CRITERIA 63
5.8 TARIFFS & REGULATIONS 63
5.8.1 ASIA PACIFIC 64
5.8.2 EUROPE 64
5.8.3 NORTH AMERICA 65
5.8.3.1 US 65
5.8.3.2 Canada 65
TABLE 6 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
5.9 AVERAGE SELLING PRICE ANALYSIS 67
5.9.1 AVERAGE SELLING PRICE BASED ON REGION 67
FIGURE 19 AVERAGE SELLING PRICE, BY REGION (USD/UNIT) 67
5.9.2 AVERAGE SELLING PRICE BASED ON APPLICATION 67
TABLE 7 AVERAGE SELLING PRICE, BY APPLICATION (USD/UNIT) 67
5.9.3 AVERAGE SELLING PRICE OF TOP THREE MARKET PLAYERS 68
FIGURE 20 AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS (USD/UNIT) 68
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5.10 TECHNOLOGY ANALYSIS 68
5.10.1 MICRO/NANOSTRUCTURED SURFACES 68
5.10.2 ADDITIVE MANUFACTURING 68
5.10.3 SURFACE COATINGS 68
5.10.4 COMPUTATIONAL FLUID DYNAMICS (CFD) 68
5.10.5 INTELLIGENT MONITORING AND CONTROL SYSTEMS 68
5.11 ECOSYSTEM 69
FIGURE 21 ECOSYSTEM OF PLATE & FRAME HEAT EXCHANGER MARKET 69
TABLE 8 PLATE & FRAME HEAT EXCHANGER MARKET: ECOSYSTEM 69
5.12 PATENTS ANALYSIS 70
5.12.1 INTRODUCTION 70
5.12.2 METHODOLOGY 70
5.12.3 DOCUMENT TYPE 70
TABLE 9 GRANTED PATENTS ACCOUNT FOR 36% OF ALL PATENTS IN LAST 10 YEARS 70
FIGURE 22 PATENT PUBLICATION TRENDS FROM 2012 TO 2022 70
5.12.4 INSIGHTS 71
5.12.5 LEGAL STATUS OF PATENTS 71
FIGURE 23 LEGAL STATUS OF PATENTS 71
5.12.6 JURISDICTION ANALYSIS 71
FIGURE 24 TOP JURISDICTIONS, BY DOCUMENT 71
5.12.7 TOP COMPANIES/APPLICANTS 72
FIGURE 25 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS 72
TABLE 10 PATENTS BY LG ELECTRONICS INC. 72
TABLE 11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 72
5.13 TRADE ANALYSIS 73
5.13.1 IMPORT-EXPORT SCENARIO OF PLATE & FRAME HEAT EXCHANGER MARKET 73
TABLE 12 IMPORT TRADE DATA FOR HEAT-EXCHANGE UNITS (EXCLUDING INSTANTANEOUS HEATERS, STORAGE WATER HEATERS, BOILERS, AND EQUIPMENT WITHOUT A SEPARATING WALL) 73
TABLE 13 EXPORT TRADE DATA FOR HEAT-EXCHANGE UNITS (EXCLUDING INSTANTANEOUS HEATERS, STORAGE WATER HEATERS, BOILERS, AND EQUIPMENT WITHOUT SEPARATING WALL) 74
5.14 CASE STUDIES 74
5.14.1 REQUIREMENT IN DISTRICT HEATING SYSTEM 74
6 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE 75
6.1 INTRODUCTION 76
FIGURE 26 GASKETED PLATE & FRAME HEAT EXCHANGERS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 76
TABLE 14 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION) 76
TABLE 15 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION) 77
TABLE 16 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS) 77
TABLE 17 PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS) 77
6.2 GASKETED PLATE & FRAME HEAT EXCHANGER 78
6.3 WELDED PLATE HEAT EXCHANGER (WPHE) 78
6.4 BRAZED PLATE HEAT EXCHANGER (BPHE) 78
6.5 OTHER TYPES 79
7 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION 80
7.1 INTRODUCTION 81
FIGURE 27 HVAC & REFRIGERATION APPLICATION TO WITNESS HIGHEST CAGR 81
TABLE 18 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 82
TABLE 19 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 82
TABLE 20 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 82
TABLE 21 PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 83
7.2 HVAC & REFRIGERATION 83
7.2.1 DEMAND FOR HIGH-PERFORMANCE AND CUSTOMIZED HEAT EXCHANGERS TO DRIVE MARKET 83
7.3 CHEMICALS 84
7.3.1 NEED FOR SAFE & EFFICIENT HEAT TRANSFER IN CHEMICAL PROCESSES TO FUEL DEMAND 84
7.4 PETROCHEMICALS AND OIL & GAS 84
7.4.1 REQUIREMENT FOR EFFICIENT HEAT RECOVERY AND HEAT ENERGY GENERATION TO SUPPORT GROWTH 84
7.5 FOOD & BEVERAGES 85
7.5.1 PLATE & FRAME HEAT EXCHANGERS WIDELY USED IN FOOD PROCESSING, DAIRY PROCESSING, AND BEVERAGE PROCESSING 85
7.6 POWER GENERATION 85
7.6.1 DEMAND FOR COST-EFFECTIVE WASTE HEAT RECOVERY TOOL TO DRIVE MARKET 85
7.7 PULP & PAPER 86
7.7.1 PLATE & FRAME HEAT EXCHANGERS USED TO HELP MANAGE ENERGY EXPENDITURE AND REDUCE RELIANCE ON SCARCE RESOURCES 86
7.8 OTHER APPLICATIONS 86
8 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION 87
8.1 INTRODUCTION 88
FIGURE 28 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 88
TABLE 22 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2019–2022 (UNITS) 88
TABLE 23 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2023–2028 (UNITS) 89
TABLE 24 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2019–2022 (USD MILLION) 89
TABLE 25 PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2023–2028 (USD MILLION) 89
8.2 ASIA PACIFIC 90
FIGURE 29 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT 90
TABLE 26 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS) 91
TABLE 27 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS) 91
TABLE 28 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 91
TABLE 29 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 92
TABLE 30 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS) 92
TABLE 31 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS) 92
TABLE 32 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION) 93
TABLE 33 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION) 93
TABLE 34 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 93
TABLE 35 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 94
TABLE 36 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 94
TABLE 37 ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 95
8.2.1 RECESSION IMPACT ON ASIA PACIFIC 95
8.2.2 CHINA 95
8.2.2.1 Availability of low-cost labor and cheap raw materials to drive market 95
TABLE 38 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 96
TABLE 39 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 96
TABLE 40 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 97
TABLE 41 CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 97
8.2.3 INDIA 97
8.2.3.1 Rapid urbanization and industrialization to propel market 97
TABLE 42 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 98
TABLE 43 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 98
TABLE 44 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 99
TABLE 45 INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 99
8.2.4 JAPAN 99
8.2.4.1 Substantial demand from transportation and automotive sectors to boost market 99
TABLE 46 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 100
TABLE 47 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 100
TABLE 48 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 100
TABLE 49 JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 101
8.2.5 SOUTH KOREA 101
8.2.5.1 Investment in energy sources to drive market 101
TABLE 50 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 102
TABLE 51 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 102
TABLE 52 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 102
TABLE 53 SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 103
8.2.6 REST OF ASIA PACIFIC 103
TABLE 54 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 103
TABLE 55 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 104
TABLE 56 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 104
TABLE 57 REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 104
8.3 NORTH AMERICA 105
FIGURE 30 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT 105
TABLE 58 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS) 106
TABLE 59 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS) 106
TABLE 60 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 106
TABLE 61 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 106
TABLE 62 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS) 107
TABLE 63 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS) 107
TABLE 64 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION) 107
TABLE 65 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION) 108
TABLE 66 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 108
TABLE 67 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 108
TABLE 68 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 109
TABLE 69 NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 109
8.3.1 RECESSION IMPACT ON NORTH AMERICA 109
8.3.2 US 110
8.3.2.1 Increasing demand for natural gas and petroleum to drive market 110
TABLE 70 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 110
TABLE 71 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 111
TABLE 72 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 111
TABLE 73 US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 111
8.3.3 CANADA 112
8.3.3.1 Availability of vast natural resources to contribute to market growth 112
TABLE 74 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 112
TABLE 75 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 113
TABLE 76 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 113
TABLE 77 CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113
8.3.4 MEXICO 114
8.3.4.1 Population growth to drive demand for power generation 114
TABLE 78 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 114
TABLE 79 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 115
TABLE 80 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 115
TABLE 81 MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 115
8.4 EUROPE 116
FIGURE 31 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT 116
TABLE 82 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS) 117
TABLE 83 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS) 117
TABLE 84 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 117
TABLE 85 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 118
TABLE 86 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS) 118
TABLE 87 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS) 118
TABLE 88 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION) 119
TABLE 89 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION) 119
TABLE 90 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 119
TABLE 91 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 120
TABLE 92 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 120
TABLE 93 EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 120
8.4.1 RECESSION IMPACT ON EUROPE 121
8.4.2 GERMANY 121
8.4.2.1 Transition toward renewable energy sources to support market growth 121
TABLE 94 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 121
TABLE 95 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 122
TABLE 96 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 122
TABLE 97 GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122
8.4.3 FRANCE 123
8.4.3.1 Chemical exports influencing market growth 123
TABLE 98 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 123
TABLE 99 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 124
TABLE 100 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 124
TABLE 101 FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124
8.4.4 UK 125
8.4.4.1 R&D expenditure in chemical sector to boost market 125
TABLE 102 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 125
TABLE 103 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 126
TABLE 104 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 126
TABLE 105 UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 126
8.4.5 ITALY 127
8.4.5.1 Growing number of chemical manufacturers to support market 127
TABLE 106 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 127
TABLE 107 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 127
TABLE 108 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 128
TABLE 109 ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 128
8.4.6 SWEDEN 128
8.4.6.1 Oil & gas sector to fuel growth of plate & frame heat exchangers market 128
TABLE 110 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 129
TABLE 111 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 129
TABLE 112 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 130
TABLE 113 SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 130
8.4.7 REST OF EUROPE 130
TABLE 114 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 131
TABLE 115 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 131
TABLE 116 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 131
TABLE 117 REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 132
8.5 MIDDLE EAST & AFRICA 132
TABLE 118 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS) 132
TABLE 119 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS) 133
TABLE 120 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 133
TABLE 121 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 122 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS) 133
TABLE 123 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS) 134
TABLE 124 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION) 134
TABLE 125 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION) 134
TABLE 126 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 135
TABLE 127 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 135
TABLE 128 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 135
TABLE 129 MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 136
8.5.1 SAUDI ARABIA 136
8.5.1.1 Implementation of new power projects to influence market growth 136
TABLE 130 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 137
TABLE 131 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 137
TABLE 132 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 137
TABLE 133 SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138
8.5.2 UAE 138
8.5.2.1 Changing energy-mix to drive market 138
TABLE 134 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 138
TABLE 135 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 139
TABLE 136 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 139
TABLE 137 UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 139
8.5.3 REST OF MIDDLE EAST & AFRICA 140
TABLE 138 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 140
TABLE 139 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 141
TABLE 140 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 141
TABLE 141 REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 141
8.6 SOUTH AMERICA 142
TABLE 142 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (UNITS) 142
TABLE 143 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (UNITS) 142
TABLE 144 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 142
TABLE 145 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 143
TABLE 146 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (UNITS) 143
TABLE 147 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (UNITS) 143
TABLE 148 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2019–2022 (USD MILLION) 144
TABLE 149 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2023–2028 (USD MILLION) 144
TABLE 150 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 144
TABLE 151 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 145
TABLE 152 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 145
TABLE 153 SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 145
8.6.1 BRAZIL 146
8.6.1.1 HVAC & refrigeration application to register highest growth 146
TABLE 154 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 146
TABLE 155 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 147
TABLE 156 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 147
TABLE 157 BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147
8.6.2 ARGENTINA 148
8.6.2.1 Focus on non-hydro renewable sources to boost demand 148
TABLE 158 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 148
TABLE 159 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 148
TABLE 160 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 149
TABLE 161 ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 149
8.6.3 REST OF SOUTH AMERICA 149
TABLE 162 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (UNITS) 150
TABLE 163 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (UNITS) 150
TABLE 164 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150
TABLE 165 REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 151
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9 COMPETITIVE LANDSCAPE 152
9.1 OVERVIEW 152
TABLE 166 COMPANIES ADOPTED ACQUISITION AND EXPANSION AS KEY GROWTH STRATEGIES BETWEEN 2018 AND 2022 152
9.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2022 154
FIGURE 32 RANKING OF TOP FIVE PLAYERS IN PLATE & FRAME HEAT EXCHANGER MARKET, 2022 154
9.3 MARKET SHARE ANALYSIS 154
FIGURE 33 PLATE & FRAME HEAT EXCHANGER MARKET SHARE, BY COMPANY, 2023 154
TABLE 167 PLATE & FRAME HEAT EXCHANGERS MARKET: INTENSITY OF COMPETITIVE RIVALRY 155
9.4 REVENUE ANALYSIS OF TOP PLAYERS 157
TABLE 168 PLATE & FRAME HEAT EXCHANGERS MARKET: REVENUE ANALYSIS (USD BILLION) 157
9.5 MARKET EVALUATION MATRIX 157
TABLE 169 MARKET EVALUATION MATRIX 158
9.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1) 158
9.6.1 STAR PLAYERS 158
9.6.2 EMERGING LEADERS 158
9.6.3 PERVASIVE PLAYERS 158
9.6.4 PARTICIPANTS 158
FIGURE 34 PLATE & FRAME HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX, 2022 159
9.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX 159
9.7.1 RESPONSIVE COMPANIES 159
9.7.2 STARTING BLOCKS 159
9.7.3 PROGRESSIVE COMPANIES 160
9.7.4 DYNAMIC COMPANIES 160
FIGURE 35 PLATE & FRAME HEAT EXCHANGER MARKET: STARTUPS AND SMES MATRIX, 2022 160
9.8 COMPANY FOOTPRINT, BY APPLICATION 161
9.9 COMPANY FOOTPRINT, BY REGION 162
9.10 COMPETITIVE SCENARIO 163
9.10.1 PRODUCT LAUNCHES 163
TABLE 170 PRODUCT LAUNCHES, 2017–2023 163
9.10.2 DEALS 165
TABLE 171 DEALS, 2017?2023 165
9.10.3 OTHER DEVELOPMENTS 167
TABLE 172 OTHER DEVELOPMENTS, 2017–2023 167
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10 COMPANY PROFILES 169
10.1 KEY PLAYERS 169
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
10.1.1 ALFA LAVAL 169
TABLE 173 ALFA LAVAL: COMPANY OVERVIEW 169
FIGURE 36 ALFA LAVAL: COMPANY SNAPSHOT 170
TABLE 174 ALFA LAVAL: PRODUCT OFFERINGS 170
TABLE 175 ALFA LAVAL: DEALS 173
TABLE 176 ALFA LAVAL: OTHERS 174
10.1.2 DANFOSS 176
TABLE 177 DANFOSS: BUSINESS OVERVIEW 176
FIGURE 37 DANFOSS: COMPANY SNAPSHOT 177
TABLE 178 DANFOSS: PRODUCT OFFERING 177
TABLE 179 DANFOSS: PRODUCT LAUNCHES 178
TABLE 180 DANFOSS: OTHERS 179
10.1.3 KELVION HOLDING GMBH 180
TABLE 181 KELVION HOLDING GMBH: BUSINESS OVERVIEW 180
TABLE 182 KELVION HOLDING GMBH: PRODUCT OFFERING 180
TABLE 183 KELVION HOLDING GMBH: PRODUCT LAUNCHES 181
TABLE 184 KELVION HOLDING GMBH: DEALS 182
TABLE 185 KELVION HOLDING GMBH: OTHERS 182
10.1.4 SPX FLOW 184
TABLE 186 SPX FLOW: BUSINESS OVERVIEW 184
FIGURE 38 SPX FLOW: COMPANY SNAPSHOT 185
TABLE 187 SPX FLOW: PRODUCT OFFERING 185
10.1.5 XYLEM 188
TABLE 188 XYLEM: BUSINESS OVERVIEW 188