Brazed Plate Heat Exchanger Market Is Driven By Increasing Demand For This Heat Exchanger In Various Industries Across The Globe
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Brazed plate heat exchanger (BHE) comprises of thin corrugated stainless-steel plates that are brazed using copper. This heat exchanger is mainly used for high-pressure fluids and offers optimal heat transfer efficiency. Brazed plate heat exchangers are compact, reliable, flexible, and cost-effective. It is used for various applications such as evaporator, condenser, and others.
Increasing demand for compact, reliable, and cost-efficient brazed plate heat exchanger owing to optimal heat transfer is a factor proliferating demand for brazed plate heat exchanger. Additionally, rising demand for HVAC systems in residential as well as commercial sectors has a positive impact on the global brazed plate heat exchanger market. Furthermore, growing industrialization, coupled with increasing food, paper & pulp, oil & gas, petrochemical, chemical, and other industries owing to reduce operational cost are factors augmenting demand for brazed plate heat exchanger. Stringent regulations for carbon emissions with HVAC systems is a factor challenging growth of the global market.
Developments for new and advanced equipment and growing demand for HVAC systems in developing as well as developed countries are factors which in turn offer lucrative revenue opportunities for manufacturers operating in the global brazed plate heat exchanger market. An ongoing trend observed is increasing infrastructural activities, coupled with growing demand for HVAC systems across the globe has a positive impact on the global brazed plate heat exchanger market.
Brazed plate heat exchanger is segmented by type such as single circuit and multi circuit. Rising demand for multi circuit brazed plate heat exchanger owing to its design and functions. Brazed plate heat exchanger is segmented on the basis of application such as HVAC applications, industrial applications, and other applications. Increasing use of consumer electronics has increased demand for brazed plate heat exchanger in HVAC applications.
$ 105.3 Mn
- By Type
- By Region
- By Application
$ XXXX Mn
The market is segmented on the basis of region such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Increasing use of HVAC systems in residential and commercial sectors is a factor proliferating growth of the global market. In addition, government initiatives and funding in new construction activities in countries such as China, India, and Japan is a factor augmenting demand for HVAC systems which in turn increase demand for brazed plate heat exchanger in the Asia Pacific region. Rapid industrialization, coupled with increasing demand for brazed plate heat exchanger in industries such as steel, chemicals, etc. owing to increase production yield, are factors augmenting demand for brazed plate heat exchanger in the region. Growing demand for HVAC applications in countries such as the US has a positive impact on the global market in North America. Rising demand for brazed plate heat exchanger in industrial applications has a positive impact on the Europe brazed plate heat exchanger market.
The worldwide market for brazed plate heat exchanger is projected to register moderate CAGR of around 4.3% over the next ten years and was valued to be 105.3 Mn in 2018.
Some of the prominent players operating in the global brazed plate heat exchanger market include Alfa Laval, Kelvion, Swep, Kaori, Danfoss, Hisaka, Sondex, Xylem, API Heat Transfer, Mueller, Hydac, Weil-Mclain and DHT.
Steven Burnett has over 15 years of experience spanning a wide range of industries and domains. He has a flair for collating statistical data through extensive research practices, and is well-versed in generating industry-specific reports that enables his clients to better comprehend a market’s landscape and aid in making well-informed decisions. His hobbies include playing football and the guitar.