Plate and Frame Heat Exchanger Market size was estimated at USD 3.35 billion in 2014 and is projected to reach USD 5.99 billion by 2022. It is expected to experience a significant growth over the forecast period. This can be attributed to growing use in applications such as commercial, industrial and engineering sectors in addition to rising product utilization, especially in residential & commercial HVAC, automotive segments.
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Market Synopsis of Plate and Frame Heat Exchanger Market:
The industry is identified by growing emphasis on enhanced efficiency standards together with technological improvements and new developments. These factors are expected to reduce total ownership expenses and improve durability & efficiency levels of heat exchangers over the next eight years. Need for power generation coupled with infrastructural expansions in the energy sector is expected to serve the growth over the next seven years.
Plate and frame heat exchanger industry is identified by a regular procurement of raw material supplies such as stainless steel, EPDM rubber and chloroprene rubber. However, chloroprene rubber in addition to stainless steel has fluctuating prices of raw materials that are expected to hamper market growth. Technological advancements and innovations in the gasket, frame and plate designs are anticipated to increase the heat transfer efficacy, reduce operating costs, maintenance costs and investment. The market is expected to be driven by new product development through the implementation of various technical innovations
In 2014, frame heat exchanger and gasketed plate were the leading product segments capturing approximately 50.0% of the market revenue. Widespread application in power plants owing to compact size and lower maintenance has resulted in this high market penetration. It is widely used for cooling, heating, evaporation, condensation and heat recovery applications. The market is expected to have a positive impact on account of growing gasketed heat exchanger demand, especially in petrochemical and power generation and automotive sector.
Increasing use in floor heating, economizers, refrigerant evaporators, oil coolers, condensers and super-coolers is expected to serve the brazed plate heat exchanger market significantly however, the market can face a few challenges with respect to competition from new market players thereby impacting the growth of plate heat exchanger industry from 2016 to 2024. Further, the conventional technology is being replaced with highly efficient substitutes which are expected to pose a major threat to market growth. On the other hand, welded plate heat exchanger is anticipated to experience high growth owing to its rising use in numerous industries such as petrochemical, automobile, paper manufacturing and pharmaceuticals on account of improved features in performance.
In 2014, HVAC contributed to over 20.0% of the overall market and is anticipated to witness high growth in the next eight years. Asia Pacific is expected to fuel demand in the sector on account of growing construction projects in Asia Pacific over the review period. Rising need for efficient thermal management in commercial and residential establishments coupled with increasing consumer spending is anticipated to propel HVAC demand from 2016 to 2024. HVAC systems form a key segment under heat exchangers. Rising awareness concerning energy management and conservation and cutback in energy bills is expected to propel demand for the product in HVAC sector.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Plate and Frame Heat Exchanger: Market Variables, Trends & Scope
Chapter 4 Plate and Frame Heat Exchanger: Product Estimates & Trend Analysis
Chapter 5 Plate and Frame Heat Exchanger: Application Estimates & Trend Analysis
Chapter 6 Plate and Frame Heat Exchanger: End-use Estimates & Trend Analysis
Chapter 7 Plate and Frame Heat Exchanger: Industrial End-use Estimates & Trend Analysis
Chapter 8 Plate and Frame Heat Exchanger: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Plate and Frame Heat Exchanger: Manufacturers Company Profiles
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Synder Filtration is pleased to announce consecutive record-breaking quarterly revenues in Q4, 2011, and Q1, 2012!
Q1, 2012 earnings are up 42% compared to the same period in 2011.
The tremendous growth can be attributed to an increased demand for newly developed NFX™ and NFW™ nanofiltration membranes and a growing share of UF membrane replacements in established markets.
Synder continues to support membrane process development across many industries by combining the widest possible range of polymeric ultrafiltration pore sizes along with comprehensive feasibility and pilot testing programs.
We will be expanding production capacity yet again in 2012 to beef up inventories and keep lead times and responsiveness to rush orders as fast as possible.
To our valued customers, new and returning: Thank you for your continued support and confidence in Synder Filtration.
The global plate and frame heat exchanger market size was estimated at USD 3.35 billion in 2014 and is projected to reach USD 5.99 billion by 2022.
This can be attributed to growing use in applications such as commercial, industrial and engineering sectors in addition to rising product utilization, especially in residential & commercial HVAC, automotive segments.The industry is identified by growing emphasis on enhanced efficiency standards together with technological improvements and new developments.
These factors are expected to reduce total ownership expenses and improve durability & efficiency levels of heat exchangers over the next eight years.
The market is expected to be driven by new product development through the implementation of various technical innovationsIn 2014, frame heat exchanger and gasketed plate were the leading product segments capturing approximately 50.0% of the market revenue.
On the other hand, welded plate heat exchanger is anticipated to experience high growth owing to its rising use in numerous industries such as petrochemical, automobile, paper manufacturing and pharmaceuticals on account of improved features in performance.In 2014, HVAC contributed to over 20.0% of the overall market and is anticipated to witness high growth in the next eight years.
Rising need for efficient thermal management in commercial and residential establishments coupled with increasing consumer spending is anticipated to propel HVAC demand from 2016 to 2024.
17 February 2020 - The global Plate and Frame Heat Exchanger Market size was estimated at USD 3.35 billion in 2014 and is projected to reach USD 5.99 billion by 2022.
This can be attributed to growing use in applications such as commercial, industrial and engineering sectors in addition to rising product utilization, especially in residential & commercial HVAC, automotive segments.The industry is identified by growing emphasis on enhanced efficiency standards together with technological improvements and new developments.
The market is expected to be driven by new product development through the implementation of various technical innovationsIn 2014, frame heat exchanger and gasketed plate were the leading product segments capturing approximately 50.0% of the market revenue.
Widespread application in power plants owing to compact size and lower maintenance has resulted in this high market penetration.
The market is expected to have a positive impact on account of growing gasketed heat exchanger demand, especially in petrochemical and power generation and automotive sector.Increasing use in floor heating, economizers, refrigerant evaporators, oil coolers, condensers and super-coolers is expected to serve the brazed plate heat exchanger market significantly however, the market can face a few challenges with respect to competition from new market players thereby impacting the growth of plate heat exchanger industry from 2016 to 2024.
Key products in chemical industry include inorganic chemicals, petrochemicals and fertilizers.
