Market Revenue Plate and Frame Heat Exchanger Industry

Plate and Frame Heat Exchanger Industry Segmentation, Size and
Growth Prospects, Share Forecast 2025
“Plate and Frame Heat Exchanger Market size was estimated at USD 3.35
billion in 2014 and is projected to reach USD 5.99 billion by 2022. It is expected
to experience a significant growth over the forecast period.”
The global Plate and Frame Heat Exchanger Market size was estimated at USD 3.35 billion in 2014 and is
projected to reach USD 5.99 billion by 2022. It is expected to experience a significant growth over the forecast
period. This can be attributed to growing use in applications such as commercial, industrial and engineering
sectors in addition to rising product utilization, especially in residential & commercial HVAC, automotive
segments. The industry is identified by growing emphasis on enhanced efficiency standards together with
technological improvements and new developments. These factors are expected to reduce total ownership
expenses and improve durability & efficiency levels of heat exchangers over the next eight years. Need for power
generation coupled with infrastructural expansions in the energy sector is expected to serve the growth over
the next seven years.
Plate and frame heat exchanger industry is identified by a regular procurement of raw material supplies such as
stainless steel, EPDM rubber and chloroprene rubber. However, chloroprene rubber in addition to stainless steel
has fluctuating prices of raw materials that are expected to hamper market growth. Technological
advancements and innovations in the gasket, frame and plate designs are anticipated to increase the heat
transfer efficacy, reduce operating costs, maintenance costs and investment. The market is expected to be
driven by new product development through the implementation of various technical innovations. In 2014,
frame heat exchanger and gasket plate were the leading product segments capturing approximately 50.0% of
the market revenue.
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