Machines & Equipment / All Welded Plate Type Heat Exchangers Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Alfa Laval, Hisaka, Kelvion (GEA), WCR, FBM Hudson, Danfoss, Funke, API, Tranter
All Welded Plate Type Heat Exchangers Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Alfa Laval, Hisaka, Kelvion (GEA), WCR, FBM Hudson, Danfoss, Funke, API, Tranter
Over the next five years the All Welded Plate Type Heat Exchangersmarket will register an 7.5% CAGR in terms of revenue, the global market size will reach USD 5.2 billion by 2027.
All Welded Plate Type Heat Exchangers Market Overview
The market for All Welded Plate Type Heat Exchangers was valued at USD 3.32 billion in 2021 and is anticipated to grow at a CAGR of 7.5% from 2022 to 2027. Growth is expected to be stimulated by technological advancements combined with a growing emphasis on raising efficiency requirements.
Due to the increasing need for heat exchangers in industrial, commercial, and technical applications spanning from automotive to commercial building Heating, Ventilation, and Air Conditioning, the market is anticipated to experience significant expansion (HVAC). Additionally, it is projected that the growing need for nuclear power will fuel the growth of the globe's energy infrastructure.
The expansion of the nuclear and renewable energy sectors has been prompted by growing concern over fluctuating oil costs and strict environmental restrictions surrounding greenhouse gas emissions. Emission trading and carbon taxes have begun to be implemented in China, Russia, South Korea, and Slovakia. The ongoing efforts of these economies to lower emissions in the energy sector have increased demand for plate and frame heat exchangers recently.
The development of thermal storage systems, the introduction of molten salt fluid technologies, and the capacity to adapt to temperate weather conditions have all contributed to the recent enormous growth of the global concentrated solar power industry. It is one of the most economical power generation methods with low CO2 emission levels. In the upcoming years, it is projected that the consumer shift toward renewable energy will create new opportunities for plate and frame heat exchanger producers.
Traditional heat exchangers have a large footprint, which increases the layout area and raises the facility's overall construction costs. The facility owners incur additional costs due to the upkeep and dismantling of this equipment. Due to their huge size and heavy component weights, shell and tube units have substantial maintenance costs, which are expected to limit market growth.
Who are the Major Players in All Welded Plate Type Heat Exchangers Market?
The All Welded Plate Type Heat Exchangers Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Alfa Laval, Hisaka, Kelvion (GEA), WCR, FBM Hudson, Danfoss, Funke, API, Tranter, SPX-Flow, GRANO and others.
Industry News:
THE NEW KELVION PLATE HEAT EXCHANGER NP150X: IDEAL FOR HIGH RISE BUILDING COLD SUPPLY AND DATA CENTER COOLING
District cooling stations, high-rise building cold supply or data center cooling - gasketed plate heat exchangers for these applications require peak performance in terms of heat transfer whilst withstanding high system pressure. The new Kelvion plate heat exchanger NP150X is tailored to meet these requirements, thanks to an extremely shallow plate gap and a smaller pitch. These attributes ensure highly turbulent flow and in turn a good heat transfer at very small temperature differences.
All Welded Plate Type Heat Exchangers Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This All Welded Plate Type Heat Exchangers Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for All Welded Plate Type Heat Exchangers Market?
By Type, it is segmented into
Max. Heat Transfer Area < 100 ft2
Max. Heat Transfer Area: 100-800 ft2
Max. Heat Transfer Area > 800 ft2
By Applications it is segmented into
Petrochemical
Electric Power & Metallurgy
Shipbuilding Industry
Mechanical Industry
Other Applications
All Welded Plate Type Heat Exchangers Market Regional Analysis
Over the forecast period, the CAGR for Asia Pacific is anticipated to be 7.9%. It is anticipated that rising energy price worries will motivate businesses to implement cost-effective solutions in their industrial operations. This calls for the use of effective machinery in a number of energy-intensive production processes.
Over the projection period, new construction activities for combined heat and power (CHP) plants and nuclear capacity are anticipated to propel the power generation industry in Europe. As more people attend athletic events, there is a greater need for utilities like air conditioning, domestic hot water supply, and refrigeration systems, which is driving up the price of All Welded Plate Type Heat Exchangers.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The All Welded Plate Type Heat Exchangers Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global All Welded Plate Type Heat Exchangers Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our All Welded Plate Type Heat Exchangers Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 7.5% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this All Welded Plate Type Heat Exchangers Report
Evaluate All Welded Plate Type Heat Exchangers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the All Welded Plate Type Heat Exchangers market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The All Welded Plate Type Heat Exchangers Market is studied from 2017 - 2027.
What is the growth rate of All Welded Plate Type Heat Exchangers Market?
The All Welded Plate Type Heat Exchangers Market is growing at a CAGR of 7.5% over the next 5 years.
Who are the key players in All Welded Plate Type Heat Exchangers Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
