Press release
Gasketed Plate Heat Exchanger Market Scope, Product Estimates and Growth Forecasts 2031
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Gasketed plate heat exchanger are highly used in pharmaceutical, oil & gas, and food & beverages industries. In addition, rise in demand for medicines, gasoline, and other food products across the globe may act as the major driving factor for the gasketed plate heat exchanger market growth. Moreover, rise in dependency on petrochemical has led to increase in the demand for gasketed plate heat exchanger system that is anticipated to create lucrative opportunities for the market.
The global gasketed plate heat exchanger market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Danfoss, Heatex Industries Ltd., HRS Process Systems Ltd., HYDAC International GmbH, Alfa Laval, Kelvion Holding GmbH, Majestic Marine & Engineering Services, Process Engineers and Associates, Xylem, Ved Engineering, Transcon Engineers Pvt. Ltd., Delta Cooling Towers P. Ltd., Techtrans Engineers, and Tranter.
The gasketed plate heat exchanger market forecast is segmented on the basis of Type, Material, End-use, and region. Depending on Type, the market is categorized into industrial GPHE, semi welded GPHE, and widegap GPHE. On the basis of Material, it is divided into stainless steel, titanium and tungsten. On the basis of End-use, it is classified into chemical, oil & gas, HVAC & refrigeration, food & beverage, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The global gasketed plate heat exchanger market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021-2031. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the gasketed plate heat exchanger market growth.
Key findings
• On the basis of Type, the industrial GPHE segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of Material, the stainless-steel segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
• On the basis of End-use, the food & beverage segment registered the highest gasketed plate heat exchanger market share and is projected to maintain the same during the forecast period.
• On the basis of region, Asia-Pacific registered the highest market share and is projected to maintain the same during the forecast period.
Key Segment of market:
By Type
• Industrial GPHE,
• Semi Welded GPHE
• Widegap GPHE.
By Material
• Stainless Steel
• Titanium
• Tungsten
End-user
• Chemical
• Oil & Gas
• HVAC & Refrigeration
• Food & Beverage
• Others
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