North America Plate & Frame Heat Exchangers Market Size & Outlook
North America plate & frame heat exchangers market, 2018-2030 (US$M)
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North America plate & frame heat exchangers market highlights
- The North America plate & frame heat exchangers market generated a revenue of USD 1,209.6 million in 2023.
- The market is expected to grow at a CAGR of 5.6% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,209.6 million |
| Market revenue in 2030 | USD 1,767.8 million |
| Growth rate | 5.6% (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, North America region accounted for 20.5% 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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North 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 55.96% in 2023. Horizon Databook has segmented the North America plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
The HVAC & refrigeration industry in North America is experiencing robust growth, fueled by several key factors, thus driving the demand for plate & frame heat exchangers. With increasing urbanization, construction activities, and a focus on energy efficiency, the demand for HVAC systems in residential, commercial, and industrial sectors is on the rise.
Additionally, stringent regulations aimed at reducing greenhouse gas emissions and enhancing energy efficiency are driving the adoption of advanced heat transfer solutions in HVAC & refrigeration applications. Plate & frame heat exchangers, known for their compact design, high thermal efficiency, and versatility, are well-suited to meet the evolving needs of the HVAC & refrigeration industry.
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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 North America plate & frame heat exchangers market , including forecasts for subscribers. This continent databook contains high-level insights into North America plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America plate & frame heat exchangers market size, by country, 2018-2030 (US$M)
North America Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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