Global Brazed Plate Heat Exchangers Market size was valued at US$ 799 Mn in 2019 and the total revenue is expected to grow at 7.0 % through 2020 to 2026, reaching nearly US$ 1,120 Mn.
The global Brazed Plate Heat Exchangers market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Brazed Plate Heat Exchangers report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Brazed Plate Heat Exchangers Market Overview:
The brazed plate heat exchangers market is driven by the growth of the global construction sector and the increasing use of HVACR systems in this sector. Rapid industrialization in emerging economies is expected to create opportunities for the manufacturers of BPHEs.
Global Brazed Plate Heat Exchangers Market Dynamics:
The increasing number of construction activities across the globe, rising demand for the product thanks to compactness, high efficiency, flexibility, and others, increasing usages of the product in-floor heating, economizers, condensers, oil coolers, super-coolers, and other industrial applications are the major and vital factors drive the brazed plate heat exchangers market growth.
Moreover, Brazed plate heat exchangers are small-sized exchangers used to transfer heat between two fluids without the risk of the fluids getting mixed. They are used for both heating and cooling purposes. Industries use cooling functions more than heating functions to avoid overheating of volatile substances that can damage the equipment. Furthermore, the market is flourishing owing to the advantageous properties of brazed plate heat exchangers including small footprint, low maintenance cost, and cost-efficiency.
These exchangers comprise metal plates joined together to transfer heat from one fluid to another. The metal plates are vacuum brazed together using copper. Vacuum brazing is highly preferred owing to the strength of joints and no residual flux. These heat exchangers are highly used in the HVAC industry and industrial applications, this, in turn, propels the brazed plate heat exchangers market demand.
The growing number of technological development with increasing research and development activities and rapid industrialization across the globe further creates various opportunities for the brazed plate heat exchangers market growth during the forecast period.
The non-movable nature of the product is likely to hamper the growth of the brazed plate heat exchangers market during the forecast period.
Global Brazed Plate Heat Exchangers Market Segment Analysis:
By Application, the automotive lead-acid batteries market is bifurcated into evaporator, condenser, and economizer.
By End-Use Industry, the market is bifurcated into HVACR, chemical, food & beverage, power, heavy industries, and others. HVACR industry segment expected to reach USD 377.0 Mn by 2026. The HVACR industry is expected to grow rapidly owing to increasing demand from the global construction sector. The global construction sector is growing, owing to globalization, urbanization, rising standard of living, increasing purchasing power parity (PPP), infrastructural development, and increasing need for construction of megacities in emerging countries.
Brazed plate exchangers are used in refrigerators and air conditioners. Technological advancements and ascending demand for smaller products have driven the manufacturers of HVAC products to adopt brazed plate heat exchangers owing to their smaller footprint, thereby boosting the product demand. Moreover, brazed plate heat exchangers are characterized by lower expenses since they consume less energy and incur low maintenance costs.
Global Brazed Plate Heat Exchangers Market
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Global Brazed Plate Heat Exchangers Market
In October 2019, SWEP introduced a new pressure class model, B427-Y, in its range of BPHEs. This new model is designed particularly for customers who do not need a product that can withstand high pressure like other BPHEs. This new development will help the company to meet the specific needs of customers.
In July 2016, Danfoss acquired Sondex Holding A/S (Denmark), a global manufacturer of heat transfer products. This acquisition helped the company to improve its product offering and strengthen its position in the BPHEs market.
Global Brazed Plate Heat Exchangers Market Regional Insights:
Europe is Dominate the Brazed Plate Heat Exchangers Market
Europe is accounted for more than 34.1% share in 2026 in terms of revenue. Germany, Italy, and France are some of the European countries anticipated to propel the growth of the global brazed plate heat exchangers market during the forecast period. Growing investments by governments in infrastructure development are expected to drive the product demand in the region. Increasing infrastructure developments including buildings, offices, and industries are expected to prompt the demand for HVAC systems and, in turn, growth for brazed plate heat exchangers market demand.
North America and the Asia Pacific are expected to be the second-dominating region of the Brazed Plate Heat Exchangers Market
New infrastructural advancements in numerous developing countries in North America and the Asia Pacific are expected to drive market growth during the forecast period. The U.S.’s spending on infrastructure has increased in the past decade, which indicates an increase in the product demand in HVAC and industrial applications. India is witnessing increasing investments in infrastructure development through the National Investment & Infrastructure Fund’s (NIIF) support. For instance, in June 2018, the Asian Infrastructure Investment Bank announced an investment worth USD 200 million in NIIF. In 2017, the Indian infrastructure sector experienced over 91 mergers & acquisitions worth USD 5.4 billion.
Global Brazed Plate Heat Exchangers MarketThe objective of the report is to present a comprehensive analysis of the Global Brazed Plate Heat Exchangers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Brazed Plate Heat Exchangers market dynamics, structure by analyzing the market segments and project the Global Brazed Plate Heat Exchangers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Brazed Plate Heat Exchangers market make the report investor’s guide.
Global Brazed Plate Heat Exchangers Market Scope: Inquire before buying
Global Brazed Plate Heat Exchangers MarketGlobal Brazed Plate Heat Exchangers Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Brazed Plate Heat Exchangers Market Key Players
• BPHEs market are Alfa Laval (Sweden)
• Kelvion (Germany)
• SWEP (Sweden)
• Danfoss (Denmark)
• Xylem (US)
• API Heat Transfer (US)
• Chart Industries (US)
• Hisaka Works (Japan)
• Kaori (Taiwan)
• Paul Mueller Company (US)
• Baode Heat Exchanger (China)
• Barriquand Group (France)
• Boyd Corporation (US)
• Diversified Heat Transfer (US)
• Funke (Germany)
• HRS Heat Exchangers (UK)
• HYDAC (Germany)
• Onda (Italy)
• Secespol (Poland)
• Weil-McLain (US)
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