U.S. Plate & Frame Heat Exchangers Market Size & Outlook
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U.S. plate & frame heat exchangers market highlights
- The U.S. plate & frame heat exchangers market generated a revenue of USD 898.3 million in 2023 and is expected to reach USD 1,287.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.3% 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 898.3 million |
| Market revenue in 2030 | USD 1,287.5 million |
| Growth rate | 5.3% (CAGR from 2024 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, U.S. accounted for 15.2% 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 |
|---|---|---|---|---|
| HFM | View profile | 11-50 | London, England, United Kingdom, Europe | https://hfm.global |
| Gooch Thermal Systems | View profile | 1-10 | Whitehall, Pennsylvania, United States, North America | https://www.goochthermal.com |
| WCR | View profile | 51-100 | Fairborn, Ohio, United States, North America | http://www.wcrhx.com |
| Tranter | View profile | 501-1000 | Wichita Falls, Texas, United States, North America | https://www.tranter.com |
| Nexson Group | View profile | 51-100 | Garchizy, Bourgogne, France, Europe | https://www.nexson-group.com |
| SPX FLOW | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | https://www.spxflow.com/ |
| API Heat Transfer | View profile | 1001-5000 | Buffalo, New York, United States, North America | http://www.apiheattransfer.com |
| Kelvion | View profile | 11-50 | Bochum, Nordrhein-Westfalen, Germany, Europe | https://www.kelvion.com/ |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| Hisaka Works | View profile | 501-1000 | Osaka-shi, Osaka, Japan, Asia | https://www.hisaka.co.jp/ |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
U.S. 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 55.4% in 2023. Horizon Databook has segmented the U.S. plate & frame heat exchangers market based on brazed, gasketed, welded covering the revenue growth of each sub-segment from 2018 to 2030.
The chemical industry is the largest manufacturing industry in the country and serves both domestic and export needs. Plate & frame heat exchangers are used in the manufacturing of industrial chemicals. Moreover, in an industrial process, plate & frame heat exchangers are required for cooling, heating, and mixing a substance at a required temperature.
Factors, such as industrialization, high electricity demand, and investments in renewable power generation in the country, are anticipated to augment the demand for plate & frame heat exchangers. Increasing investments in exploration and production activities by oil & gas companies in the U.S. are anticipated to boost the demand for plate & frame heat exchangers in the oil & gas industry.
The production of oil & gas in the U.S. has increased in recent years, owing to the exploration of shale gas and tight oil reserves in the country, which has led to an increase in the demand for drilling fluids and, therefore, plate & frame heat exchangers.
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Target buyers of U.S. plate & frame heat exchangers market databook
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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 U.S. plate & frame heat exchangers market , including forecasts for subscribers. This country databook contains high-level insights into U.S. plate & frame heat exchangers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. plate & frame heat exchangers market size, by product, 2018-2030 (US$M)
U.S. Plate & Frame Heat Exchangers Market Outlook Share, 2023 & 2030 (US$M)
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