Chemicals and Materials Plate & Frame Heat Exchangers Market

Plate & Frame Heat Exchangers Market worth USD 5.5
Billion by 2020 at a CAGR of 9.30%
Plate & Frame Heat Exchangers: $5.5 Billion market by 2020 signifying firm annualized
growth rate of 9.30% from 2015 to 2020. The global plate & frame heat exchangers market
has been witnessing many developments over the past few years. Plate & frame heat
exchangers are preferred and widely accepted equipment for heat recovery process. The
focus of various regulatory bodies to reduce the energy consumption for meeting the future
sustainability are further driving the market for plate & frame heat exchangers globally.
Plate & frame heat exchangers consumption has grown significantly in the recent times and
is at an emerging stage in various countries.
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Plate and frame heat exchangers are the fastest growing segment in the heat exchanger
market. It consists of a series of slender corrugated formed metal plates. Every pair of
plate’s form a passage in which the fluid flows. They are then stacked collectively to form a
sandwich type construction in which the other fluid flows in the spaces created between
successive pairs of plates. This type of heat exchangers offers a compact and lightweight
heat transfer surface. The plate heat exchanger offers advantages such as: it can operate
with comparatively small temperature differences; the units in a plate and frame heat
exchanger occupy a lesser amount of floor space and floor loading by having a large surface
area that is created from a small volume. Their simple construction allows additional
advantages like easy cleaning. Increased investment in the food & beverages,
petrochemical, chemical, and HVACR industries and stringent environmental regulations
are the major drivers triggering the growth of plate & frame heat exchangers market.
The key manufacturers of plate & frame heat exchangers, such as Alfa Laval AB (Sweden),
GEA Group (Germany), Danfoss A/S (Denmark), SPX Corporation (U.S.), are investing in
research & development activities and production facility to meet the growing demand for
plate & frame heat exchangers.