Gasketed Plate Heat Exchanger Spare Parts Industry Research: the global market size is projected to reach USD 207 million by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Gasketed Plate Heat Exchanger Spare Parts- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Gasketed Plate Heat Exchanger Spare Parts market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Gasketed Plate Heat Exchanger Spare Parts was estimated to be worth US$ 152 million in 2024 and is forecast to a readjusted size of US$ 207 million by 2031 with a CAGR of 4.7% during the forecast period 2025-2031.

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Global Gasketed Plate Heat Exchanger Spare Parts Market Summary (2025-2031)

1. Market Definition & Scope
Gasketed Plate Heat Exchanger (PHE) Spare Parts are critical consumable and replaceable components essential for the operation, maintenance, and performance restoration of gasketed plate heat exchangers. The primary categories include:

Core Components: Heat transfer plates and sealing gaskets.

Auxiliary Parts: Guide rods, tightening bolts, support frames, and frame seals.
These parts ensure sustained heat transfer efficiency, sealing integrity, and operational reliability. The serviceable design of gasketed PHEs creates a continuous, high-frequency aftermarket demand, forming a distinct and sizable market segment.

2. Market Size & Growth Forecast
According to QYResearch, the global market for these spare parts is on a steady growth trajectory. It is projected to reach USD 207 million by 2031, expanding at a Compound Annual Growth Rate (CAGR) of 4.68% during the forecast period 2025-2031.

3. Key Market Drivers
3.1 Sustained Operational & Maintenance Demand: Continuous operation and mandatory periodic maintenance across diverse industries-including HVAC & Refrigeration, Chemicals, Food & Beverage, Pharmaceuticals, and Energy-create stable, recurring demand.
3.2 Focus on Plant Reliability & Efficiency: Increasing emphasis on minimizing downtime, optimizing energy efficiency, and ensuring process safety directly fuels the need for reliable, high-performance spare parts.
3.3 Expansion of Application Industries: Growth in key end-use sectors, particularly in emerging economies, drives the expansion of the installed base of PHEs, subsequently increasing the spare parts addressable market.

4. Product Segmentation & Material Trends
4.1 Dominant Product Type: Gaskets are the largest product segment, holding a 78.95% revenue share. Their high replacement frequency as wear-and-tear items underpins this dominance.
4.2 Heat Transfer Plates: Available in various patterns (chevron, washboard, wide-gap) to suit different thermal and hydraulic duties. Material selection is critical, ranging from standard 304/316L stainless steel to advanced alloys like titanium, 254SMO, and nickel-based alloys for corrosive or high-temperature applications.
4.3 Gasket Materials: Formulated from elastomers such as NBR, EPDM, Viton (FKM), and HNBR to meet specific requirements for temperature, fluid compatibility (oils, chemicals), and sanitary standards.

5. Competitive Landscape & Supply Chain
5.1 Market Concentration: The market is relatively consolidated. In 2024, the global top five players-including Gislaved Gummi, Group MCD, Hisaka, Siping Meilian, and Laygo-held a combined revenue share of approximately 66.0%.
5.2 OEM vs. Non-OEM Dynamics:

OEMs (Original Equipment Manufacturers): Dominate in regions like Europe and North America, leveraging advantages in pattern matching, product consistency, and performance in specialized applications. They command stronger profitability.

Non-OEM/Compatible Part Suppliers: Are highly prevalent in price-sensitive markets like China and Southeast Asia. They compete effectively in the mid-range segment through cost efficiency, broader model coverage, and faster delivery times.
5.3 Supply Chain Structure: The chain involves upstream raw material suppliers (metals, rubber compounds), midstream manufacturers (stamping, molding), and downstream distribution through OEMs, non-OEM producers, and regional distributors. Competitive advantage hinges on inventory management, delivery capability, and technical support for model compatibility.

6. Regional Market Insights
Demand is global, aligned with industrial activity. Key regions include:

Asia-Pacific: A high-growth market driven by a large installed base and industrial expansion, with strong penetration of non-OEM parts.

Europe & North America: Mature markets characterized by high-performance requirements, strict standards, and dominance of OEM spare parts.
Regional distributors play a vital role in local inventory, customer support, and logistics.

7. Largest Application Segment
The HVAC & Refrigeration sector is the largest application segment, accounting for a 24.98% share of the global market. This is driven by the extensive use of PHEs in heating, cooling, and heat recovery systems across commercial and industrial buildings.

8. Future Outlook & Trends
The industry is evolving with several key trends:

Advanced Materials: Growing demand for high-performance materials (titanium, duplex steels, specialized elastomers) to handle more aggressive process conditions.

Product Innovation: Development of wide-gap and anti-fouling plate designs for challenging fluids, and longer-life gasket formulations.

Digitalization & Smart Maintenance: The integration of predictive maintenance and condition monitoring will shift spare parts supply towards standardized models, intelligent inventory management, and faster local fulfillment.

Localized Supply Chains: Increasing focus on regional manufacturing and inventory hubs to improve supply chain resilience and reduce lead times.

9. Strategic Conclusion
The Gasketed PHE Spare Parts market is a stable, growth-oriented aftermarket sector intrinsically linked to global industrial activity. Success for market participants will depend on navigating the dual-channel (OEM vs. non-OEM) landscape, investing in material science and product compatibility, and adapting to trends in digitalization and supply chain localization. The market is poised for sustained growth driven by the irreplaceable role of PHEs in industrial energy efficiency and process reliability.



The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Gasketed Plate Heat Exchanger Spare Parts market is segmented as below:
By Company
Gislaved Gummi
Group MCD
Hisaka
Siping Meilian Thermal Equipment Manufacturing
Laygo
WCR
VISER
Tranter
Thermovave (Nexson Group)
UAB Elastoforce
Orobica Plast-Gom
Cipriani
AGC Heat Transfer
PHE Nordic
Renocol
HFM
Varalka PHE
Spetech
Maritech Group
Moody Direct

Segment by Type
Gaskets
Plates
Other Spare Parts

Segment by Application
HVAC & Refrigeration
Oil & Gas
Power Generation
Chemical
Food & Beverage
Pharmaceutical
Others

Each chapter of the report provides detailed information for readers to further understand the Gasketed Plate Heat Exchanger Spare Parts market:

Chapter 1: Introduces the report scope of the Gasketed Plate Heat Exchanger Spare Parts report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Gasketed Plate Heat Exchanger Spare Parts manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Gasketed Plate Heat Exchanger Spare Parts market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Gasketed Plate Heat Exchanger Spare Parts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Gasketed Plate Heat Exchanger Spare Parts in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Gasketed Plate Heat Exchanger Spare Parts competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Gasketed Plate Heat Exchanger Spare Parts comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Gasketed Plate Heat Exchanger Spare Parts market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Gasketed Plate Heat Exchanger Spare Parts Market Research Report 2025
Global Gasketed Plate Heat Exchanger Spare Parts Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Gasketed Plate Heat Exchanger Spare Parts Market Outlook, InDepth Analysis & Forecast to 2031

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