Plate and Frame Heat Exchangers Market to witness market growth at a rate of 8.15%, Industry Trends

The plate and frame heat exchangers market is expected to witness market growth at a rate of 8.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on plate and frame heat exchangers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in use of the product in various end-use industries is escalating the growth of the plate and frame heat exchangers market.

View detailed Report: https://www.databridgemarketresearch.com/reports/global-plate-frame-heat-exchangers-market

Heat exchangers refer to the type of devices specially designed for transferring heat between two or more fluids, including liquids, vapors, or gases of various temperatures. The heat transferring process can be ranged among gas-to-gas, liquid-to-gas, or liquid-to-liquid following the type of heat exchanger employed. The process takes place through a solid separator that assists in preventing the mixing of fluids or direct contact of fluids with each other.

The increase in energy prices across the globe acts as one of the major factors driving the growth of plate and frame heat exchangers market. The rise in need for heat exchangers in industrial, commercial, and engineering applications such as heating, ventilation, air conditioning (HVAC), commercial building, and automotive and technological advancements in the devices accelerate market growth. The increase in demand for the plate and frame heat exchangers due to the presence of stringent environmental regulations and surge in demand for nuclear power and expansion of energy infrastructure further influence the market. Additionally, urbanization and industrialization, rise in investments, growth of end-use industries and rise in energy demand worldwide positively affect the plate and frame heat exchangers market. Furthermore, large aftermarket for plate and frame heat exchangers extends profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, a rise in the cost of production is expected to obstruct market growth. Fluorinated Greenhouse Gases Regulations are projected to challenge the plate and frame heat exchangers market in the forecast period of 2021-2028.

Key Players Analysis:

The major players covered in the plate and frame heat exchangers market reports are Kelvion Holding GmbH, Guntner GmbH and Co. KG, Hisaka Works Ltd., HRS, Kaori Heat Treatment Co., Ltd., SGL Group, SPX Flow, AIC, GEA Group, ALFA LAVAL, API Heat Transfer, Danfoss Group, Fischer Maschinen und Apparatebau GmbH, SABIC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Plate and Frame Heat Exchangers Market Scope and Market Size

The plate and frame heat exchangers market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of type, the plate and frame heat exchangers market is segmented into gasketed plate and frame heat exchangers, welded plate and frame heat exchangers, and brazed heat exchangers.

On the basis of application, the plate and frame heat exchangers market is segmented into chemical, petrochemical and oil and gas, HVAC and refrigeration, food and beverage, power generation, and pulp and paper.

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