Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Welded Plate and Block Heat Exchangers Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.9% during the review period (2022 to 2027).
Welded Plate and Block Heat Exchangers Market Overview
The global market is expected to witness significant growth on account of rising product demand from various end-use industries including HVAC and refrigeration, food & beverages, petrochemicals, and power generation, among others. HVAC & refrigeration end-use segment dominated the market in 2018 owing to the increasing consumer spending coupled with growing demand for thermal management in residential and commercial establishments.
Rising demand from power generation sector is resulting in the expansion of energy infrastructure, which is expected to drive the growth of the market over the forecast period. Rising demand from the chemical industry, technological innovation, and increasing focus on improving efficiency standards are further expected to drive the growth of the market over the forecast period.
Who are the Major Players in Welded Plate and Block Heat Exchangers Market?
Top Key players in the Welded Plate and Block Heat Exchangers Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Alfa Laval, Hisaka, Kelvion (GEA), WCR, FBM Hudson, Danfoss, Funke, API, Tranter, SPX-Flow, GRANO, Ziemex,
Industry News:
K°BLOC - RELIABILITY REFINED
30. March 2020 - Kelvion has refined the K°Bloc fully-welded plate heat exchanger to further enhance its reliability and efficiency. Designed and made in Germany, K°Bloc plays a leading role in Kelvion’s package of sustainable solutions, working across a broad range of iquids, temperatures and pressures. It is ideally suited to the demands of the oil and gas, chemical and petrochemical industries for separating mixtures of oil, water and solids.
What are the major Applications, Types and Regions for Welded Plate and Block 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
- Others
- By Applications
- Petrochemical
- Electric Power & Metallurgy
- Shipbuilding Industry
- Mechanical Industry
- Other Applications
- Others
Welded Plate and Block Heat Exchangers Market Regional Analysis
North America market is expected to reach USD 191.9 million by 2025 growing at an estimated CAGR of 4.8% over the forecast period. Increasing oil & gas E&P activities in the U.S. and Canada are expected to drive product demand in the region. Surging energy demand in various industrial and commercial sectors is expected to drive the growth of power and energy sectors over the forecast period.
All these factors greatly affect the Welded Plate and Block Heat Exchangers Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
- North America
- 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 Welded Plate and Block 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 Welded Plate and Block 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 Welded Plate and Block Heat Exchangers Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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- CAGR of 5.9 % during the review period (2022 to 2027).
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By Type
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- Max. Heat Transfer Area < 100 ft2
- Max. Heat Transfer Area: 100-800 ft2
- Max. Heat Transfer Area > 800 ft2
- Others
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By Applications
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- Petrochemical
- Electric Power & Metallurgy
- Shipbuilding Industry
- Mechanical Industry
- Other Applications
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By Companies
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, Alfa Laval, Hisaka, Kelvion (GEA), WCR, FBM Hudson, Danfoss, Funke, API, Tranter, SPX-Flow, GRANO, Ziemex,
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Healthcare IT Report
- Evaluate Welded Plate and Block 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 Welded Plate and Block 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 Welded Plate and Block Heat Exchangers Market is studied from 2017 - 2027.
What is the growth rate of Welded Plate and Block Heat Exchangers Market?
The Welded Plate and Block Heat Exchangers Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the key players in Welded Plate and Block Heat Exchangers Market?
, Alfa Laval, Hisaka, Kelvion (GEA), WCR, FBM Hudson, Danfoss, Funke, API, Tranter, SPX-Flow, GRANO, Ziemex,
What region does this Welded Plate and Block Heat Exchangers Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Welded Plate and Block Heat Exchangers Market?
- Max. Heat Transfer Area < 100 ft2, Max. Heat Transfer Area: 100-800 ft2, Max. Heat Transfer Area > 800 ft2,, Others
What are the major Applications of Welded Plate and Block Heat Exchangers Market?
- Petrochemical, Electric Power & Metallurgy, Shipbuilding Industry, Mechanical Industry, Other Applications,Others
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.
