China Plate & Frame Heat Exchangers Market Size & Outlook
China plate & frame heat exchangers market, 2018-2030 (US$M)
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China plate & frame heat exchangers market highlights
- The China plate & frame heat exchangers market generated a revenue of USD 819.1 million in 2023 and is expected to reach USD 1,284.5 million by 2030.
- The China market is expected to grow at a CAGR of 6.6% 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 819.1 million |
| Market revenue in 2030 | USD 1,284.5 million |
| Growth rate | 6.6% (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, China accounted for 13.9% 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 Asia Pacific, China plate & frame heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 739.2 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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China 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 57.47% in 2023. Horizon Databook has segmented the China plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
According to a 2023 report by the International Trade Administration (ITA), China has emerged as a global leader in the construction market, with an urbanization rate of 64.7% in 2022. This rapid urbanization, evident in the growth of commercial, industrial, and residential sectors, is driven by strategic initiatives, such as Made in China 2025 and China Standards 2035.
The expansion of the pharmaceutical sector, coupled with the increase in production facilities like Gritgen Therapeutics, indicates a rising demand for efficient cooling systems. Plate & frame heat exchangers, known for their high efficiency, compact design, and adaptability to varying temperatures and pressures, are poised to become increasingly vital in this context.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China plate & frame heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into China plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China plate & frame heat exchangers market size, by product, 2018-2030 (US$M)
China Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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