Europe Plate & Frame Heat Exchangers Market Size & Outlook
Europe plate & frame heat exchangers market, 2018-2030 (US$M)
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Europe plate & frame heat exchangers market highlights
- The Europe plate & frame heat exchangers market generated a revenue of USD 1,864.9 million in 2023.
- The market is expected to grow at a CAGR of 5% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,864.9 million |
| Market revenue in 2030 | USD 2,616.5 million |
| Growth rate | 5% (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 |
| 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, Europe region accounted for 31.5% of the global plate & frame heat exchangers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,988.4 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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Europe 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 54.72% in 2023. Horizon Databook has segmented the Europe plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
Europe's focus on energy efficiency and sustainability, due to the EU directives for energy-saving and emission reduction, has significantly influenced the HVAC market. A favorable regulatory environment, a surge in housing demand, rapid infrastructure development, and the renovation of buildings for improved energy performance are fueling the construction sector growth.
Consequently, there's a rising demand for energy-efficient HVAC systems in residential and commercial buildings, including offices, hotels, and recreational facilities, due to the region's economic development. This trend directly impacts the plate & frame heat exchangers market, as these exchangers are integral components of HVAC systems.
The conflict between Russia and Ukraine has disrupted the plate & frame heat exchanger supply chain, significantly impacted Europe's trade of natural gas, and exacerbated the energy crisis among European countries. This has led to the temporary shutdown or suspension of operations in energy-intensive industries like chemicals and manufacturing throughout Europe.
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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 continent-level data and insights on the Europe plate & frame heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe plate & frame heat exchangers market size, by country, 2018-2030 (US$M)
Europe Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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