Brazed-Plate-Type Heat Exchangers Market: Overview
Brazed-plate-type heat exchangers (BPHEs) are manufactured by applying pressure on a sequence of thin, corrugated, stainless steel sheets and brazing the pressed steel with copper or nickel. The material used for soldering is melted so as to form a seal between the plates. The process of brazing makes the steel plates so tough that they become extremely durable and can be used under high working pressures and temperatures. Spaces between the plates act as flow channels, with one fluid flowing through odd-numbered channels and the other through even-numbered channels. With this arrangement, heat exchange takes place through these designed plates over a large surface area, making brazed-plate-type heat exchangers an efficient choice for heat exchange. The brazed-plate-type heat exchangers allows mediums at different temperatures to come close, separated by channel plates that enable heat from one medium to be transferred to the other with very high efficiency. The low cost of operation and high performance make brazed-plate-type heat exchangers an optimal choice for use in the heat transfer application.
Brazed-Plate-Type Heat Exchangers Market: Drivers & Restraints
A major driver of the market for brazed-plate-type heat exchangers is properties of BPHEs such as high efficiency, compactness, flexibility, and cost-effectiveness. Also, the rate of heat transfer is high in case of these heat exchangers, as there exists a large amount of conductive surface area, which is likely to increase turbulence of the fluid. This, in turn, is fueling the demand for brazed-plate-type heat exchangers across the globe.
Brazed-Plate-Type Heat Exchangers Market: Key Segmentations
Based on application, the global brazed-plate-type heat exchangers market can be divided into chemical, HVAC & refrigeration, food & beverages, power generation, and others (including transportation). Chemical and HVAC & refrigeration segments are expected to expand at a significant pace during the forecast period, due to consistent usage of brazed-plate-type heat exchangers for heat transfer, particularly for cooling of fluids.
Brazed-Plate-Type Heat Exchangers Market: Regional Outlook
In terms of region, the global brazed-plate-type heat exchangers market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The brazed-plate-type heat exchangers market in Asia Pacific is estimated to expand at a rapid pace during the forecast period, due to rise in the per capita income of people across the region. Increase in the per capita income is boosting the spending power of consumers in the region. This, in turn, is estimated to propel the demand for coolers and refrigeration systems in Asia Pacific in the next few years. Manufacturers across Europe and North America are primarily engaged in optimizing the performance of brazed-plate-type heat exchangers, by developing advanced and patented technologies such as Equalancer system and Dualaced technology. The brazed-plate-type heat exchangers market in Middle East & Africa is likely to expand at a moderate pace between 2019 and 2027, as these regions depend on import of machineries from developed nations such as Europe and North America.
Brazed-Plate-Type Heat Exchangers Market: Key Players
Prominent players operating in the global brazed-plate-type heat exchangers market are SWEP International AB, Alfa Laval AB, Funke Wärmeaustauscher Apparatebau GmbH, Kaori Heat Treatment Co., Ltd. Danfoss A/S, SPX Corporation, GEA Group, Graham Corporation., Welltech Cooling Systems HYDAC Verwaltung GmbH, United Cooling Systems P. Ltd and Kelvion Holding GmbH. Kaori Heat Treatment Co., Ltd. is a global player engaged in the manufacture of brazed-plate-type heat exchangers. It develops innovative thermal solutions and high-performance and high-quality products for use in the heating & cooling industry.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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7. Which government regulations might challenge the status of key regional markets?
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