Global Brazed Plate Heat Exchangers Market Size, Share, Trends, Industry Growth by Type (Single-circuit, Multi-circuit), by Application (HVAC-R, Chemical & Petrochemical, Food & Beverage, Power Generation, Heavy Industry, Others), by Region, and Forecast to 2030

Report ID: RC86478 | Report Format: PDF + Excel | Starting Price: 3600/- USD Last Updated: June 30th, 2023

The global brazed plate heat exchangers market size was estimated at ~ USD 1 billion in 2022 and is expected to grow at a significant CAGR of around 7% during the forecast period from 2023 to 2030. The increasing use of the product in HAVC equipment coupled with the growing construction industry is a major factor driving the industry growth. Furthermore, the increasing use of the product in oil coolers, condensers, economizers, floor heating, and other industrial applications is further anticipated to fuel the market growth over the forecast period. Moreover, the growing demand for advanced equipment in various industries such as pharmaceuticals, food & beverage, petrochemical, and power generation is projected to propel the market in the upcoming year.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 1 Billion in 2022
Market Growth (CAGR) ~ 7% (2023-2030)
Largest Market Share lock
Analysis Period 2020-2030
Market Players Alfa Laval, Danfoss, Kelvion Holding GmbH, SWEP International AB, and Xylem Inc.

Market Drivers:

Energy Efficiency and Sustainable Solutions: Energy efficiency has become a critical consideration in various industries, including HVAC (Heating, Ventilation, and Air Conditioning), refrigeration, power generation, and industrial processes. Brazed plate heat exchangers offer high heat transfer efficiency, compact size, and low pressure drop, making them an energy-efficient solution for heat transfer applications. The focus on energy conservation and sustainable solutions has driven the adoption of brazed plate heat exchangers.

Compact Design and High Heat Transfer Capacity: Brazed plate heat exchangers have a compact and lightweight design compared to traditional shell-and-tube heat exchangers. Their compact size allows for easier installation in space-constrained environments. Despite their small footprint, brazed plate heat exchangers offer a high heat transfer capacity, enabling efficient heat exchange in a smaller footprint. The compact design and high heat transfer capabilities have contributed to the popularity of brazed plate heat exchangers.

Cost-effectiveness and Operational Efficiency: Brazed plate heat exchangers are cost-effective solutions for heat transfer applications. Their compact size and high heat transfer efficiency reduce material costs, installation costs, and energy consumption. The brazed plate design eliminates the need for additional gaskets and frames, reducing maintenance requirements and improving operational efficiency. The cost-effectiveness and operational efficiency of brazed plate heat exchangers have driven their adoption in various industries.

Growing Demand for Heat Recovery Systems: The increasing emphasis on energy recovery and waste heat utilization has fueled the demand for heat recovery systems. Brazed plate heat exchangers are widely used in heat recovery applications, such as waste heat recovery, district heating, and cogeneration systems. These heat exchangers facilitate efficient heat transfer between different fluid streams, enabling the recovery of valuable heat energy and reducing energy consumption. The growing demand for heat recovery systems has positively impacted the brazed plate heat exchangers market.

Expansion of the HVAC and Refrigeration Industry: The HVAC and refrigeration industry has witnessed significant growth in recent years, driven by factors such as urbanization, population growth, and changing climatic conditions. Brazed plate heat exchangers find extensive use in HVAC and refrigeration applications, including heat pumps, chillers, condensers, and evaporators. The expansion of the HVAC and refrigeration industry has increased the demand for brazed plate heat exchangers.

Stringent Environmental Regulations: Environmental regulations and sustainability initiatives have influenced the adoption of energy-efficient and environmentally friendly technologies. Brazed plate heat exchangers offer improved energy efficiency and reduced environmental impact compared to traditional heat exchangers. They help reduce greenhouse gas emissions, energy consumption, and refrigerant charge, aligning with environmental regulations and sustainability goals. The compliance with environmental regulations has driven the adoption of brazed plate heat exchangers.

Industrial Process Optimization: Brazed plate heat exchangers are widely used in various industrial processes, such as oil and gas, chemical processing, food and beverage, and pharmaceuticals. These heat exchangers facilitate efficient heat transfer and temperature control in industrial processes, contributing to process optimization, product quality, and operational efficiency. The demand for brazed plate heat exchangers in industrial process applications has increased with the focus on process optimization and productivity improvement.

Market Insights:

By product type, the multi-circuit segment dominated the global brazed plate heat exchangers market in the benchmark year

The global brazed plate heat exchangers market is bifurcated into product type, application, and geography. On the basis of product type, the market is further segmented into single-circuit and multi-circuit. The multi-circuit segment dominated the global market and expected to hold the largest revenue share around 2/3 market by 2030. The increasing demand for the product in refrigeration, air conditioning, heat pump, and chillers is a prominent factor driving the segment growth. Furthermore, the rising focus to increase energy efficiency and reduce carbon footprint is further anticipated to increase the product demand in various industrial applications.

By application, the HVAC-R application is expected to dominate the global market by 2030

On the basis of application, the market is segmented into HVAC-R, Chemical & petrochemical, food & beverage, power generation, heavy industry, and others. The HVAC-R segment dominated the global brazed plate heat exchangers market in 2022 and expected to hold the largest revenue share of around 1/3 market share by the end of the analysis period. The growing construction industry especially in residential buildings, supermarkets, swimming pools, and public places is estimated to increase the demand for HVAC-R systems, which is a significant factor driving the segment growth. On the flip side, the food & beverage segment is accounted to register the fastest CAGR over the forecast period

Brazed Plate Heat Exchangers Market Size & CAGR

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The brazed plate heat exchangers comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The brazed plate heat exchangers market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Product Type:

  • Single-circuit
  • Multi-circuit

By Application:

  • HVAC-R
  • Chemical & Petrochemical
  • Food & Beverage
  • Power Generation
  • Heavy Industry
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the brazed plate heat exchangers market report comprises dedicated sections centering on the regional market revenue and trends. The brazed plate heat exchangers market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The brazed plate heat exchangers market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Brazed plate heat exchangers market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global brazed plate heat exchangers market are Alfa Laval, Danfoss, Kelvion Holding GmbH, SWEP International AB, and Xylem Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Alfa Laval
  • Danfoss
  • Kelvion Holding GmbH
  • SWEP International AB
  • Xylem Inc.
  • API Heat Transfer
  • AIC
  • Hisaka Works, Ltd.
  • Charts Industries, Inc.
  • SPX Technologies

Key Questions Answered by Brazed Plate Heat Exchangers Market Report

  • Global brazed plate heat exchangers market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Brazed plate heat exchangers submarket forecasts from 2023-2030 covering the market by product type, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level brazed plate heat exchangers markets from 2023-2030
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Brazed Plate Heat Exchangers Market Portraiture
2.2. Global Brazed Plate Heat Exchangers Market, by Product Type, 2022 (USD Mn)
2.3. Global Brazed Plate Heat Exchangers Market, by Application, 2022 (USD Mn)
2.4. Global Brazed Plate Heat Exchangers Market, by Geography, 2022 (USD Mn)

 

3. Global Brazed Plate Heat Exchangers Market Analysis


3.1. Brazed Plate Heat Exchangers Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Brazed Plate Heat Exchangers Market By Product Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Single-circuit
4.3. Multi-circuit

 

5. Global Brazed Plate Heat Exchangers Market By Application, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. HVAC-R
5.3. Chemical & Petrochemical
5.4. Food & Beverage
5.5. Power Generation
5.6. Heavy Industry
5.7. Others

 

6. North America Brazed Plate Heat Exchangers Market Analysis and Forecast, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. North America Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
6.3. North America Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
6.4. North America Brazed Plate Heat Exchangers Market by Country, (2020-2030 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
6.4.1.2. U.S. Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
6.4.2.2. Canada Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)

 

7. Europe Brazed Plate Heat Exchangers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


7.1. Overview
7.2. Europe Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.3. Europe Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
7.4. Europe Brazed Plate Heat Exchangers Market by Country, (2020-2030 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.4.1.2. Germany Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.4.2.2. U.K. Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
7.4.3. France
7.4.3.1. France Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.4.3.2. France Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.4.4.2. Spain Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.4.5.2. Italy Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
7.4.6.2. Rest of Europe Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)

 

8. Asia Pacific Brazed Plate Heat Exchangers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Asia Pacific Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
8.3. Asia Pacific Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
8.4. Asia Pacific Brazed Plate Heat Exchangers Market by Country, (2020-2030 USD Mn)
8.4.1. China
8.4.1.1. China Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
8.4.1.2. China Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
8.4.2.2. Japan Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
8.4.3. India
8.4.3.1. India Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
8.4.3.2. India Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
8.4.4.2. Rest of Asia Pacific Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)

 

9. Latin America (LATAM) Brazed Plate Heat Exchangers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Latin America Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
9.3. Latin America Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
9.4. Latin America Brazed Plate Heat Exchangers Market by Country, (2020-2030 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
9.4.1.2. Brazil Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
9.4.2.2. Mexico Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
9.4.3.2. Rest of Latin America Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)

 

10. Middle East and Africa Brazed Plate Heat Exchangers Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. MEA Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
10.3. MEA Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
10.4. Middle East and Africa Brazed Plate Heat Exchangers Market, by Country, (2020-2030 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
10.4.1.2. GCC Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
10.4.2.2. South Africa Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Brazed Plate Heat Exchangers Market by Product Type, (2020-2030 USD Mn)
10.4.3.2. Rest of MEA Brazed Plate Heat Exchangers Market by Application, (2020-2030 USD Mn)

 

11. Company Profiles


11.1. Alfa Laval
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Danfoss
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Kelvion Holding GmbH
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. SWEP International AB
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Xylem Inc.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. API Heat Transfer
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. AIC
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Hisaka Works, Ltd.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Charts Industries, Inc.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. SPX Technologies
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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