Canada Plate & Frame Heat Exchangers Market Size & Outlook
Canada plate & frame heat exchangers market, 2018-2030 (US$M)
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Canada plate & frame heat exchangers market highlights
- The Canada plate & frame heat exchangers market generated a revenue of USD 199.4 million in 2023 and is expected to reach USD 305.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, gasketed was the largest revenue generating product in 2023.
- Brazed is the most lucrative product segment registering the fastest growth during the forecast period.
Plate & frame heat exchangers market data book summary
| Market revenue in 2023 | USD 199.4 million |
| Market revenue in 2030 | USD 305.3 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Gasketed |
| Fastest growing segment | Brazed |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brazed, Gasketed, Welded |
| Key market players worldwide | Alfa Laval AB, API Heat Transfer, Danfoss A/S, Kelvion, Nexson Group, SPX FLOW, Hisaka Works, Tranter, WCR, Gooch Thermal Systems, HFM |
Other key industry trends
- In terms of revenue, Canada accounted for 3.4% of the global plate & frame heat exchangers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plate & frame heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 175.0 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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Canada 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 56.92% in 2023. Horizon Databook has segmented the Canada plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
The surge in investments in construction projects in Canada is fueling a robust demand for the HVAC industry, subsequently propelling the need for plate & frame heat exchangers. With increasing urbanization and infrastructure development, there is a heightened requirement for efficient HVAC systems in residential, commercial, and industrial buildings.
Plate & frame heat exchangers are integral components of HVAC systems, facilitating the transfer of heat between air and fluids to regulate indoor temperatures effectively. For instance, in large-scale commercial buildings, such as office complexes and shopping malls, plate & frame heat exchangers are essential for maintaining comfortable indoor environments while minimizing energy consumption .
According to the Chemistry Industry Association of Canada, in 2022, the chemical industry in Canada saw a significant increase in the production of plate & frame heat exchangers, reaching a value of USD 72.7 billion.
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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 country-level data and insights on the Canada plate & frame heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Canada plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada plate & frame heat exchangers market size, by product, 2018-2030 (US$M)
Canada Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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