Industry Background:
The brazed plate heat exchanger (BPHE) is a type of small-sized heat exchanger that uses metal plates to transfer heat between two fluids without the risk of the fluids getting mixed. It provides a higher level of thermal efficiency and durability in a compact and low-cost unit for both heating and cooling purposes. Of late, the advent of technological advancement and manufacturers are focusing on the miniaturization of products provides a lucrative opportunity in the growth of the very market. Recently, SWEP International launched B427-Y class unit. This efficient BPHE has four different plates, which is easy to adapt to various applications. The growth in investment in the HVAC and refrigeration industry is anticipated in the growth of the brazed plate heat exchangers market in future.
According to AMA Research, the market for Brazed Plate Heat Exchanger is expected to register a CAGR of 7.1% during the forecast period to 2027. This growth is primarily driven by Expansion of Energy Infrastructure Along With Increasing Demand for Power Generation Globally
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Machinery & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Alfa Laval AB (Sweden), Danfoss A/S (Denmark), SPX Corporation (United States), GEA Group (Germany), Kelvion Holding GmbH (Germany), SWEP International AB (Sweden), Kaori Heat Treatment Co., Ltd. (Taiwan), HISAKA WORKS, LTD. (Japan), jbj Techniques Ltd. (United Kingdom) and United Heat Exchangers (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In October 2019, Alfa Laval, a Swedish company has launched a new products Alfa Laval CB210 which is combined with numerous latest technological features for brazed plate heat exchangers into one single design. The newly launched heat exchanger promises to boost performance for a wide range of heating and cooling applications, giving customers more opportunities to increase both capacities as well as thermal efficiency.
Regulatory Insights:
EU directives on energy efficiency and emissions have become more stringent. As a consequence, there is an increasing demand for compact heat exchangers and for closed cooling circuits at the cost of open systems. Changes can be expected with regard to refrigerants. Refrigerants used in heat exchangers, such as hydrocarbons, chlorofluorocarbons and fluorocarbons, are artificial and have negative impacts on the environment. These conventional refrigerants will be replaced in the long term by natural refrigerants, such as ammonia, CO2, propylene and propane.
Brazed Plate Heat Exchanger Market Dynamics:
Attributes | Details |
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Growth Drivers | - Expansion of Energy Infrastructure Along With Increasing Demand for Power Generation Globally
- Increasing Demand for Use in Heat Pumps and Water Heating Application
- High infrastructure development including construction of buildings, hotels, and offices
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Influencing Trends | - Rapid Development of Variable Refrigerant Flow (VRF) Technology in the HVAC Industry
- Huge Investment in Research & Development In Order to Develop Technologically Advanced Products
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Restraints | - High Initial Cost in Manufacturing Plant Setup
- Finding Leakage is Difficult and Pressure Drop Caused by Plate Cooler
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Road Blocks / Challenges | - Lack of Skilled Labour for Dismantling and Assembling of Plate
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Gaps & Opportunities | - Growing Infrastructure Development Including Construction of Hotels, Smart Buildings, Offices Globally
- Low Maintenance and Operation Cost Offer Lucrative Opportunity in Installation of Brazed Plate Heat Exchanger
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Brazed Plate Heat Exchanger Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Brazed Plate Heat Exchanger Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Brazed Plate Heat Exchanger players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Brazed Plate Heat Exchanger Study Sheds Light on
The Brazed Plate Heat Exchanger Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Brazed Plate Heat Exchanger industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Brazed Plate Heat Exchanger industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.