Latin America Plate & Frame Heat Exchangers Market Size & Outlook
Latin America plate & frame heat exchangers market, 2018-2030 (US$M)
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Latin America plate & frame heat exchangers market highlights
- The Latin America plate & frame heat exchangers market generated a revenue of USD 465.3 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 465.3 million |
| Market revenue in 2030 | USD 703.7 million |
| Growth rate | 6.1% (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, Latin America region accounted for 7.9% 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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Latin America 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 57.34% in 2023. Horizon Databook has segmented the Latin America plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
According to ACIF, the construction industry is expected to record a growth rate of 2.4% from 2020 to 2025. Australia is expected to witness a high demand for HVAC because of the lined-up construction projects. For instance, the government of Australia is investing USD 650 million in the Waterloo Metro Quarter Development project.
In addition, the Australian agriculture industry has made a significant contribution to the country’s GDP by exporting food items, beverages, dairy products, and other agricultural produce. According to data published by the Australian Bureau of Statistics in September 2023, the production of beef has grown significantly since September 2021.
Moreover, growing concerns about hygiene and corrosion resistance in food processing facilities are expected to fuel the demand for plate & frame heat exchangers in food & beverage over the forecast period.
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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 continent-level data and insights on the Latin America plate & frame heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plate & frame heat exchangers market size, by country, 2018-2030 (US$M)
Latin America Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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