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

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The plate heat exchanger market is expected to grow at a CAGR of 5.7% over the forecast period to reach a value of US$4.7 billion in 2027, reports Stratview Research.

Raipur, Sept. 15, 2022 (GLOBE NEWSWIRE) — Stratview Research, a leader market research firm launched a report on plate heat exchanger market which provides in-depth analysis of market dynamics, current and emerging trends, industry forecasts and competitive landscape.

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How is the report useful?

This report has great utility for 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 the market dynamics, which provides cushion against the uncertain business environment and helps to streamline resources and investment decisions fruitfully.

What are the main market drivers?

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

One of them is organic growth in various end-use industries 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 restraints 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 across 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 industry Oil & Gas, Petrochemical & Chemical, Food & Beverage, Power Generation, HVAC & Refrigeration, Water & Wastewater, Pharmaceuticals, Marine & Shipbuilding, and others.

  • Region – North America, Europe, Asia-Pacific and Rest of the world.

Market overview

Plate Heat Exchangers Market by Type –

According to gender, The gasket 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 plate and gasket heat exchangers, which include precise heat transfer, low overall cost, less fouling, low energy consumption and easy capacity expansion. . They also provide less stress, wear and corrosion.

Plate Heat Exchangers Market by End-Use Industry –

Depending on the type of end-use industry, Petrochemicals and chemicals are 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. heat recovery.

Which region offers the best opportunity and growth?

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

Growth of renewable energy sources, increasing expansion of nuclear power plants, expected increase in oil and gas production, presence of major manufacturers of various petroleum products and their exploration in China are likely to drive the market from the country.

Impact of COVID-19 on the Plate Heat Exchangers Market

COVID-19 has brought an instant halt to many industries around the world. Lockdown norms in several countries quickly affected the global economy by affecting supply chain, production and market demand. The direct and indirect impacts of the pandemic have been integrated into this report.

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

Who are the best market players?

After in-depth analysis of the market, the experts have listed down few key players and discussed the company profiles of the players below –

What deliverables will you get in this report?

  • In-depth analysis of the Plate Heat Exchangers market.

  • Detailed market segmentation.

  • Analysis of the competitive landscape.

  • Historical, current and future market size analysis.

  • Industry trends, technologies and advancements.

  • Growth and operating strategies adopted by key players.

  • Potential segments/regions offering promising growth.

  • Geographical presence of the main players.

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About Us –

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