Mexico Plate & Frame Heat Exchangers Market Size & Outlook
Mexico plate & frame heat exchangers market, 2018-2030 (US$M)
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Mexico plate & frame heat exchangers market highlights
- The Mexico plate & frame heat exchangers market generated a revenue of USD 111.9 million in 2023 and is expected to reach USD 175.0 million by 2030.
- The Mexico 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 111.9 million |
| Market revenue in 2030 | USD 175.0 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, Mexico accounted for 1.9% 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 North America, U.S. plate & frame heat exchangers market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 175.0 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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Mexico 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 58.71% in 2023. Horizon Databook has segmented the Mexico plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Trade Administration, the demand for plate & frame heat exchangers within the power generation sector exhibited growth, with market value rising from USD 10.64 billion in 2020 to USD 10.83 billion in 2023. This upward trend underscores the essential role played by plate & frame heat exchangers in various power generation processes.
The steady increase in market value indicates the continued reliance on plate & frame heat exchangers for efficient heat transfer and temperature control in power generation operations, driving their sustained demand within this sector.
According to the ITA, Mexico ranks among the world's top oil producers, with 1.6 million barrels produced daily in 2022. It is the 4th largest in the Americas, following the U.S., Canada, and Brazil. In 2022, Mexico stood 13th across the globe in terms of crude oil production, 16th in refined capacity, 21st in reserves, and 5th in logistics infrastructure.
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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 Mexico plate & frame heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plate & frame heat exchangers market size, by product, 2018-2030 (US$M)
Mexico Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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