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Brazed Plate Heat Exchangers Market Segmentation By Product (Single Circuit and Multi-Circuit), By End-use (HVACR, Chemical, Food & Beverage, Power, Heavy Industries, Paper, Mining, and others) & By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Industry Analysis on Size, Share, Growth, Trends & Forecast to 2027

Published: January, 2022
ID: 10467
Pages: 180

Brazed Plate Heat Exchangers Market Size, Share & Trends (2022 - 2027)

The size of Brazed Plate Heat Exchangers Market is supposed to grow at a CAGR of 9.3% during the forecast period in the packaging industry. Demands from mining, HVAC, and steel industries along with the manufacturing of BPHEs are driving the business growth.

Brazed Plate Heat Exchangers Market Drivers and Restraints

Rising demands in the construction sector are a driving factor to promote the Brazed Plate Heat Exchangers industry around the world, it widely used in the manufacturing industry. The Paper industry also has wide implications of Brazed Plate Heat Exchangers in the form of laminations etc.Brazed Plate Heat Exchangers are also used in industrial products such as the construction of corrugated boxes and in recent times this has been one of the growth factors of the industry. Brazed Plate Heat Exchangers are highly regarded for protection against wear, abrasion, and impact, fast cold-curing, excellent adhesion to a wide variety of substrates, better mechanical strength, high elasticity, protection against erosion and corrosion, and easy application. As a consequence of that, Brazed Plate Heat Exchangers are gaining popularity in diverse applications.

The rapid expansion of the global construction sector due to private and government funding is igniting the demand for Brazed Plate Heat Exchangers used in the cement & aggregate industry for repair and maintenance of conveyor belts, pulleys, and rollers. Consequently, increasing demand for Brazed Plate Heat Exchangers from different industry verticals such as cement, aggregate, and mining - quarrying industries, which is expected to boost the global Brazed Plate Heat Exchangers market during the outlook period. Brazed Plate Heat Exchangers are extremely useful and is growing at a high rate but at the same time, it is costly. In addition to this, the volatility in prices also impedes growth.This cost ineffectiveness is a major drawback for the industry. The industry requires a lot of funds in research and development to keep improving the quality of the products to meet the standard demands which are in line with the environmental regulations.

Brazed Plate Heat Exchangers Market Segmentation

Brazed Plate Heat Exchangers Market - By Product

  • Single Circuit
  • Multi-Circuit

Brazed Plate Heat Exchangers Market - By End-use

  • HVAC
  • Paper
  • Chemicals
  • Power
  • Mining
  • Heavy industries
  • Food & Beverages

The multi-circuit product segment in the Brazed Plate Heat Exchangers dominated the market in terms of value in 2019 and this trend is likely to continue during the outlook period of 2020 to 2025. The primary reason for this dominion is that these circuits offer a smaller footprint and are cheaper than the single circuit heat exchangers.

The HVAC application is the largest shareholder in the Brazed Plate Heat Exchangers market in terms of value. Brazed plate exchangers are used in appliances such as refrigerators and air conditioners. Technological advancements and an incessant demand for smaller products are driving the manufacturers of HVAC products to utilize brazed plate heat exchangers because of their less carbon footprint, bolstering the product demand.

Brazed Plate Heat Exchangers Market - By Region

  • North America

  • Latin America

  • Asia Pacific

  • Middle East & Africa

Asia Pacific region (APAC) is expected to dominate the global Brazed Plate Heat Exchangers market in terms of value during the forecasted period of 2020 to 2025. Previously, it led the Brazed Plate Heat Exchangers market due to the presence of established mining & quarrying, and steel end-use industries in the region. The above-mentioned industries utilize Brazed Plate Heat Exchangers in conveyor belts, pulleys, and rollers. The market in these end-use segments is led by nations like China, Japan, India, and Australia, among other countries. Amidst the incessant technological growth, the demand for high performing Brazed Plate Heat Exchangers is increasing. This has led to developments in the APAC market.

The European region is the second-largest market for Brazed Plate Heat Exchangers.Automotive sectors in the region are planning huge investments in the Brazed Plate Heat Exchangers industry in the upcoming years which will increase its demand.

Brazed Plate Heat Exchangers market Key Players

  1. API Heat Transfer

  2. Arkema Group

  3. Onda

  4. Sika AG

  5. Funke

Impact of COVID-19 on the Global Brazed Plate Heat Exchangers Market

Coronavirus has exposed severe challenges for the brazed plate heat exchangers market by impacting end-user sectors.Decreased construction and mining activities have also resulted in low demand which has negatively impacted the industry. More investments are being made towards multi-circuit-based Brazed Plate Heat Exchangers adhesives to improve the efficiency of the products. Post the pandemic, the market is supposed to grow at a similar rate if not more at a CAGR of 4-5%.

1. Introduction                 

                1.1 Market Definition

                1.2 Scope of the report

                1.3 Study Assumptions

                1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology           

                2.1 Analysis Design         

                2.2 Research Phases      

                                2.2.1 Secondary Research

                                2.2.2 Primary Research

                                2.2.3 Data Modelling

                                2.2.4 Expert Validation

                2.3 Study Timeline          

3. Report Overview                        

                3.1 Executive Summary

                3.2 Key Inferencees       

4. Market Dynamics                       

                4.1 Impact Analysis        

                                4.1.1 Drivers

                                4.1.2 Restaints

                                4.1.3 Opportunities

                4.2 Regulatory Environment

                4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis

                5.1 Key Player Benchmarking

                                5.1.1 Market share analysis

                                5.1.2 Products/Service

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape

                5.3 Joint Ventures & Collaborations

6. Market Segmentation              

                6.1 Brazed Plate Heat Exchangers Market, By Product

                                6.1.1 Single Circuit

                                6.1.2 Multi-Circuit

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)

                                6.1.4 Y-o-Y Growth Rate Analysis

                                6.1.5 Market Attractiveness Index

                6.2 Brazed Plate Heat Exchangers Market, By End-Use Industry

                                6.2.1 HVACR

                                6.2.2 Chemical

                                6.2.3 Food & Beverage

                                6.2.4 Power

                                6.2.5 Mining

                                6.2.6 Heavy Industries

                                6.2.7 Paper

                                6.2.8 Market Size Estimations & Forecasts (2019-2024)

                                6.2.9 Y-o-Y Growth Rate Analysis

                                6.2.10 Market Attractiveness Index

7. Geographical Landscape         

                7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2018 - 2024)

                                7.2.1 By Country

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product

                                7.2.3 By End-Use Industry

                7.3 Europe         

                                7.3.1 By Country

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product

                                7.3.3 By End-Use Industry

                7.4 Asia Pacific  

                                7.4.1 By Country

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product

                                7.4.3 By End-Use Industry

                7.5 Latin America            

                                7.5.1 By Country

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product

                                7.5.3 By End-Use Industry

                7.6 Middle East and Africa

                                7.6.1 By Country

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product

                                7.6.3 By End-Use Industry

8. Key Player Analysis    

                8.1 API Heat Transfer

                                8.1.1 Business Description

                                8.1.2 Products/Service

                                8.1.3 Financials

                                8.1.4 SWOT Analysis

                                8.1.5 Recent Developments

                                8.1.6 Analyst Overview

                8.2 Arkema Group          

                8.3 Onda                             

                8.4 Sika AG        

                8.5 Funke                           

9. Market Outlook & Investment Opportunities

Appendix                           

                List of Tables     

                List of Figures   

 

  1. Global Brazed Plate Heat Exchangers Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Brazed Plate Heat Exchangers Market By Product, From 2022 - 2027 ( USD Billion )

  3. Global Single Circuit Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global Multi Circuit Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Brazed Plate Heat Exchangers Market By End-Use Industry, From 2022 - 2027 ( USD Billion )

  6. Global HVACR Market By Region, From 2022 - 2027 ( USD Billion )

  7. Global Paper Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global Chemicals Market By Region, From 2022 - 2027 ( USD Billion )

  9. Global Power Market By Region, From 2022 - 2027 ( USD Billion )

  10. Global Mining Market By Region, From 2022 - 2027 ( USD Billion )

  11. Global Heavy Industries Market By Region, From 2022 - 2027 ( USD Billion )

  12. Global Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

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