Middle East & Africa Plate & Frame Heat Exchangers Market Size & Outlook
Middle East & Africa plate & frame heat exchangers market, 2018-2030 (US$M)
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MEA plate & frame heat exchangers market highlights
- The MEA plate & frame heat exchangers market generated a revenue of USD 500.1 million in 2023.
- The market is expected to grow at a CAGR of 5.5% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 500.1 million |
| Market revenue in 2030 | USD 727.5 million |
| Growth rate | 5.5% (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, MEA region accounted for 8.5% 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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Middle East & Africa 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 58.23% in 2023. Horizon Databook has segmented the Middle East & Africa plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East, a leading producer and exporter of crude oil and natural gas, has a strong demand for plate & frame heat exchangers due to their extensive use in the region's oil & gas sector. With countries in the Middle East ramping up investments to boost oil & gas output, the need for plate & frame heat exchangers is anticipated to rise during the forecast period.
Countries in the Middle East and Africa are poised for considerable economic expansion in the coming years, driven by their efforts to diversify their economies away from heavy reliance on the oil and gas sector. These diversification efforts are set to bolster the manufacturing, tourism, and construction sectors in the region.
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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 Middle East & Africa plate & frame heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA plate & frame heat exchangers market size, by country, 2018-2030 (US$M)
Middle East & Africa Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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