Plate & Frame Heat Exchangers Market: Overview

Heat exchangers are devices that are designed to transfer heat between two or more fluids (i.e. liquids, vapors, or gases) of different temperatures. Depending on type of heat exchanger employed, the heat transferring process can be gas-to-gas, liquid-to-gas, or liquid-to-liquid. It occurs through a solid separator, which prevents mixing of fluids, or direct contact of fluids with each other. One of the types of heat exchangers is plate and frame heat exchangers. These are thin, parallel plates stacked together to form broad, parallel channels. Hot and cold fluids flow through alternating channels. Plates are separated with a gasket or by welding and they may have patterns to promote turbulent flow. Plates are stacked together and additional plates may be added on gasket designs to increase the heating capacity. The flow can be arranged as either parallel or counter flow. The large surface area afforded by plates implies that plate and frame heat exchangers can allow higher heat transfer between the two fluids, for a given volume relative to shell and tube heat exchangers.

Plate & Frame Heat Exchangers Market: Key Segments

Based on type, the plate & frame heat exchangers market can be segmented into gasketed, brazed, welded, and others. Gasketed heat exchangers use high-quality gaskets to seal plates together and protect them from leaks. Plates can be easily removed for cleaning, expansion, or replacing purposes, which results in significant reduction in maintenance costs. Brazed plate heat exchangers are used in several industrial and refrigeration applications. Due to stainless steel plate composition with copper brazing, they are highly resistant to corrosion. Brazed plate heat exchangers are efficient and compact, which makes them cost-efficient. Welded plate heat exchangers are similar to gasketed plate heat exchangers, with the only difference being that the plates are welded together. They are extremely durable and are ideal for transferring fluids with high temperatures. However, since plates are welded together, mechanical cleaning of plates is not possible.

In terms of end-user, the plate & frame heat exchangers market can be divided into chemical, petrochemical, oil & gas, food & beverages, pulp & paper, power generation, and HVAC. Chemical is the dominant end-user segment of the global plate & frame heat exchangers market. Plate and frame heat exchangers are used for organic and mineral chemistries. In HVAC applications, they are used for district heating and cooling, network separation, and aquatic centers and swimming pools.

Plate & Frame Heat Exchangers Market: Regional Outlook

Based on region, the global plate & frame heat exchangers market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe is the dominant region of the global plate & frame heat exchangers market. The region is dominant in terms of production of and demand for plate and frame heat exchangers from various end-users. A large number of manufacturers of plate and frame heat exchangers operate in Europe. Asia Pacific is likely to offer maximum growth potential to the plate & frame heat exchangers market in the next few years. China is a leading plate & frame heat exchangers market in Asia Pacific. It is followed by India. Dominance of China is attributable to rapid growth of chemical, food & beverages, and oil & gas industries in the country. The plate & frame heat exchangers market in Middle East & Africa and Latin America is projected to witness moderate growth during the forecast period.

Plate & Frame Heat Exchangers Market: Key Players

Key players operating in the global plate & frame heat exchangers market are ALFA LAVAL, Armstrong Fluid Technology, and Thermax Ltd.

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
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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