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Plate & Frame Heat Exchangers Market : Revenue Pockets
The market for plate & frame heat exchangers is growing at a sharp pace with Europe as a leading consumer, followed by North America, Asia-Pacific, and RoW. The plate & frame heat exchangers are further segmented as brazed, welded and gasketed. The key application for plate & frame heat exchangers include chemicals, petrochemical and oil & gas, HVACR, food & beverage, pulp & paper, power generation. The Asia-Pacific region, with a CAGR of 13.70%, is currently the fastest-growing market.
This report follows both top-down and bottom-up approaches to estimate and forecast the plate & frame heat exchangers market by value. This report focuses on the market by its type, application, and region.
Asia-Pacific is the fastest-growing market for plate & frame heat exchangers across the world, followed by RoW, North America and Europe. The U.S. is the world’s largest consumer for plate & frame heat exchangers. Rapid industrialization makes Asia-Pacific an attractive venue for expansion. Moreover, Asia-Pacific enjoys a higher investor confidence due to favorable government policies and demand-supply gap that encourage capacity expansion in this region. Alfa Laval AB (Sweden), GEA Group (Germany) are some of the key manufacturers in Asia-Pacific region.
Asia-Pacific region is estimated to witness high growth rate, especially in countries, such as China, Japan and India due to rapid industrialization and surging energy prices in this region. The developed regions, such as North America and Europe are relatively mature markets as compared to Asia-Pacific, and RoW. Moreover, Asia-Pacific region is expected to witness the growth rate above global average by 2020.
Plate & Frame Heat Exchangers Market by Type (Brazed, Gasketed, Welded), by Application (Chemical, Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp & Paper, Power Generation), and Region - Trends & Forecast to 2020
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