Global Plate & Frame Heat Exchangers Market Size & Outlook
Global plate & frame heat exchangers market, 2018-2030 (US$M)
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Global plate & frame heat exchangers market highlights
- The global plate & frame heat exchangers market generated a revenue of USD 5,911.9 million in 2023 and is expected to reach USD 8,803.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.9% by 2030.
- In terms of segment, gasketed accounted for a revenue of USD 3,336.5 million in 2023.
- Brazed is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,911.9 million |
| Market revenue in 2030 | USD 8,803.9 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Gasketed |
| Fastest growing segment | Brazed |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brazed, Gasketed, Welded |
Other key industry trends
- In terms of revenue, the North America accounted for 20.5% of the global plate & frame heat exchangers market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 169.0 million by 2030.
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Plate & Frame Heat Exchangers Market Scope
Plate & Frame Heat Exchangers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global plate & frame heat exchangers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plate & frame heat exchangers market will help companies and investors design strategic landscapes.
Gasketed was the largest segment with a revenue share of 56.44% in 2023. Horizon Databook has segmented the Global plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
According to the India Brand Equity Foundation, India ranks sixth in chemical production globally and third in Asia, contributing 7% to its GDP. The Indian chemicals industry, valued at USD 220 Million in 2022, is projected to reach USD 300 Million by 2025 and USD 1 trillion by 2040.
In addition, the chemicals industry in the U.S. plays a vital role in supporting the production of both consumer and commercial goods, contributing over 25% to the GDP, thereby driving its economic growth.
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Target buyers of Global plate & frame heat exchangers market databook
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Our clientele includes a mix of plate & frame heat exchangers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global plate & frame heat exchangers market , including forecasts for subscribers. This global databook contains high-level insights into Global plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global plate & frame heat exchangers market size, by regions, 2018-2030 (US$M)
Top 10 countries: Plate & frame heat exchangers market size, 2023 (US$M)
Global plate & frame heat exchangers market share, by product, 2023 & 2030 (%, US$M)
Plate & frame heat exchangers market: Opportunity assessment by country
Global plate & frame heat exchangers market, by region, 2023 (US$M)
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