The plate heat exchanger market will reach $ 4.7 billion in 2027

Raipur, September 15, 2022 (GLOBE NEWSWIRE) – Stratview Research, leader market research company launched a report on the Plate Heat Exchangers Market which provides an in-depth analysis of market dynamics, current and emerging trends, industry forecasts and the competitive landscape.

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How is the report useful?

This report has very high utility to key decision makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

The report also analyzes the possible impact of COVID-19 on market dynamics which offers protection against the uncertain business environment and helps streamline resources and investment decisions in a fruitful way.

What are the main market drivers?

According to the report, the plate heat exchanger market is driven by a number of factors.

One of them is the organic growth of various end-use sectors such as petrochemical and chemical, power generation, oil and gas and HVAC and refrigeration.

The report also includes growth rate estimates based on the intensity of drivers and constraints and provides users with several graphical illustrations of key information.

Fake eyelashes Market segmentation:

Stratview Research has segmented the market in the following 4 ways that meet the market data needs of multiple stakeholders along the industry value chain.

  • By type – Gasketed plate heat exchangers, fully welded plate heat exchangers and brazed plate heat exchangers.
  • By type of end use sector Oil and gas, petrochemical and chemical, food and beverage, power generation, HVAC and refrigeration, water and wastewater, pharmaceuticals, shipbuilding and others.
  • Region – North America, Europe, Asia-Pacific and Rest of the world.

Market insights

Plate Heat Exchangers Market By Type –

Depending on the type, The gasketed plate heat exchanger is expected to maintain its dominance during the forecast period. The growth of the segment can be attributed to the advantages offered by gasketed plate heat exchangers, which include precise heat transfer, low overall costs, less fouling, low energy consumption and easy capacity expansion. They also provide less stress, wear and corrosion.

Plate Heat Exchangers Market By End Use Sector –

According to the type of target industry, The petrochemical and chemical sector is expected to remain the largest and fastest growing segment of the market during the forecast period. Plate heat exchangers are in great demand in the petrochemical and chemical industry due to their high heat transfer coefficient, adaptability, compact structure, access to aggressive liquids and higher efficiency in heat recovery.

Which region offers the best opportunities and growth?

Asia Pacific is expected to remain the largest and fastest growing plate heat exchanger market during the forecast period. China is likely to remain the demand generator for the regional market.

The growing sources of renewable energy, the growing expansion of nuclear power plants, the expected increase in oil and gas production, and the presence of leading producers of various petroleum products and their exploration in China are likely to drive the country’s market.

Impact of COVID-19 on the plate heat exchanger market

COVID-19 instantly stopped many industries around the world. Blocking regulations in several countries quickly affected the global economy by affecting the supply chain, production and demand in the market. Both the direct and indirect impacts of the pandemic have been incorporated into this report.

To learn more about the impact of covid-19, get a free sample report, here:

Who are the best players in the market?

After an in-depth analysis of the market, the experts have listed some key players and discussed the company profiles of the players mentioned below:

  • Alfa Laval AB
  • Johnson Controls International PLC
  • Kelvion Holdings GmbH
  • Danfoss (Sondex A / S)
  • Stream SPX, Inc.
  • Thermax Ltd.

What results will you get in this report?

  • In-depth analysis of the Plate Heat Exchangers Market.
  • Detailed market segmentation.
  • Competitive landscape analysis.
  • Historical, present and future analysis of the size of the market.
  • Industry trends, technologies and advances.
  • Growth and operational strategies adopted by the main players.
  • Potential segments / regions offering promising growth.
  • Geographical presence of key players.

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Who we are –

Stratview Research is a global market research firm offering reliable market reports, market entry strategies, strategic growth advice, and more. Market experts compile high quality market information to help users gain granular level clarity on current business trends and anticipated future developments. Stratview Research also offers report customization. Contact analysts to tailor the report provided based on your priority / need.

Stratview Research has also launched ‘Composights’, an online portal offering free thought leadership reports, whitepapers, market report synopses and more for composites and related industries, valued at $ 20,000 per year.

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