Japan Plate & Frame Heat Exchangers Market Size & Outlook
Japan plate & frame heat exchangers market, 2018-2030 (US$M)
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Japan plate & frame heat exchangers market highlights
- The Japan plate & frame heat exchangers market generated a revenue of USD 264.5 million in 2023 and is expected to reach USD 375.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.1% 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 264.5 million |
| Market revenue in 2030 | USD 375.8 million |
| Growth rate | 5.1% (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, Japan accounted for 4.5% 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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Japan 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 57.5% in 2023. Horizon Databook has segmented the Japan plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is one of the world's most developed countries. Its economic growth is attributed to business investments coupled with increasing consumer spending supported by shopping rebates. Some of the country's key industries include manufacturing, chemicals, and tourism.
The government regulations focused on energy efficiency and conservation are further expected to drive the demand for efficient heat exchangers over the forecast period. Chemical is one of the largest manufacturing industries in Japan.
Moreover, the country has started exploration of oil & gas to reduce its dependence on other countries. For instance, in 2022, Impex, along with Japan Oil, Gas, and Metals National Corp (JOGMEC), announced that they had started an exploration and drilling campaign in the offshore fields of Yamaguchi and Shimane.
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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 Japan plate & frame heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Japan plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan plate & frame heat exchangers market size, by product, 2018-2030 (US$M)
Japan Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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