Plate And Frame Heat Exchanger Market Size, Share & Trends Analysis Report By Product (Brazed, Gasketed, Welded), By End-use (Chemical, Food & Beverage, Oil & Gas), By Region, And Segment Forecasts, 2025 - 2033
Description
Plate And Frame Heat Exchanger Market Summary
The global plate and frame heat exchanger market size was estimated at USD 6.13 billion in 2024 and is projected to reach USD 10.82 billion by 2033, growing at a CAGR of 6.8% from 2025 to 2033. The rising demand for energy-efficient thermal systems across industrial, commercial, and HVAC applications is a major market driver.
Industries are increasingly adopting these systems due to their compact design, high heat transfer efficiency, and lower maintenance costs compared to traditional shell-and-tube exchangers. Another key driver is the growing use of plate and frame heat exchangers in renewable energy and wastewater treatment applications. The increasing focus on sustainable technologies, coupled with government regulations supporting green energy, is fueling their use in geothermal, biomass, and district heating systems.
In addition, the rising demand for clean water and efficient wastewater reuse in both developed and emerging economies strengthens the market growth, positioning these exchangers as critical components in modern industrial infrastructure.
Global Plate And Frame Heat Exchanger Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global plate and frame heat exchanger market report based on product, end use, and region:
The global plate and frame heat exchanger market size was estimated at USD 6.13 billion in 2024 and is projected to reach USD 10.82 billion by 2033, growing at a CAGR of 6.8% from 2025 to 2033. The rising demand for energy-efficient thermal systems across industrial, commercial, and HVAC applications is a major market driver.
Industries are increasingly adopting these systems due to their compact design, high heat transfer efficiency, and lower maintenance costs compared to traditional shell-and-tube exchangers. Another key driver is the growing use of plate and frame heat exchangers in renewable energy and wastewater treatment applications. The increasing focus on sustainable technologies, coupled with government regulations supporting green energy, is fueling their use in geothermal, biomass, and district heating systems.
In addition, the rising demand for clean water and efficient wastewater reuse in both developed and emerging economies strengthens the market growth, positioning these exchangers as critical components in modern industrial infrastructure.
Global Plate And Frame Heat Exchanger Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global plate and frame heat exchanger market report based on product, end use, and region:
- Product Outlook (Revenue, USD Million, 2021 - 2033)
- Brazed
- Gasketed
- Welded
- Welded HE
- Welded Plate & Block
- Welded Spiral
- Welded Shell & Plate
- Others
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Chemical
- Oil & Gas
- Food & Beverage
- HVAC & refrigeration
- Power Generation
- Pulp & Paper
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East and Africa
- UAE
- Saudi Arabia
Table of Contents
100 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Global Plate and Frame Heat Exchanger Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material/Component Outlook
- 3.2.2. Manufacturer Outlook
- 3.2.3. Distribution Outlook
- 3.2.4. End User Outlook
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter’s Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
- Chapter 4. Global Plate and Frame Heat Exchanger Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Plate and Frame Heat Exchanger Market Estimates & Forecast, By Product, 2021 to 2033 (USD Million)
- 4.3. Brazed
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Gasketed
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Welded
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.1. Welded HE
- 4.5.1.1.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.2. Welded Plate & Block
- 4.5.1.2.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.3. Welded Spiral
- 4.5.1.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5.1.4. Welded Shell & Plate
- 4.5.1.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. Others
- 4.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Global Plate and Frame Heat Exchanger Market: End Use Estimates & Trend Analysis
- 5.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Plate and Frame Heat Exchanger Market Estimates & Forecast, By Product, 2021 to 2033 (USD Million)
- 5.3. Chemical
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Food & Beverage
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. HVAC & refrigeration
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.6. Oil & Gas
- 5.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.7. Power Generation
- 5.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.8. Pulp & Paper
- 5.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.9. Others
- 5.9.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 6. Global Plate and Frame Heat Exchanger Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 6.2. North America
- 6.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.2.2. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.2.3. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.2.4.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.2.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Key country dynamics
- 6.2.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.2.5.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.2.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Key country dynamics
- 6.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.2.6.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.2.6.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.3. Europe
- 6.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.3.2. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.3.3. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Key country dynamics
- 6.3.4.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.3.4.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.3.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.3.5. France
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.3.5.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.3.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.3.6. UK
- 6.3.6.1. Key country dynamics
- 6.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.3.6.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.3.6.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Key country dynamics
- 6.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.3.7.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.3.7.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.3.8. Spain
- 6.3.8.1. Key country dynamics
- 6.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.3.8.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.3.8.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.4.2. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.4.3. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.4.4. China
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.4.4.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.4.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.4.5. India
- 6.4.5.1. Key country dynamics
- 6.4.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.4.5.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.4.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Key country dynamics
- 6.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.4.6.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.4.6.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.4.7. Australia
- 6.4.7.1. Key country dynamics
- 6.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.4.7.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.4.7.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.4.8. South Korea
- 6.4.8.1. Key country dynamics
- 6.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.4.8.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.4.8.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.5. Latin America
- 6.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.5.2. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.5.3. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Key country dynamics
- 6.5.4.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.5.4.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.5.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Key country dynamics
- 6.5.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.5.5.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.5.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.6.2. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.6.3. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.6.4. UAE
- 6.6.4.1. Key country dynamics
- 6.6.4.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.6.4.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.6.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 6.6.5. Saudi Arabia
- 6.6.5.1. Key country dynamics
- 6.6.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 6.6.5.3. Market estimates & forecast, by product, 2021 - 2033 (USD Million)
- 6.6.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- Chapter 7. Global Plate and Frame Heat Exchanger Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Dashboard Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of Key Raw Operating Mode/Component Providers
- 7.4.2. List of Key Manufacturers
- 7.4.3. List of Key Distributors
- 7.5. Company Market Share Analysis, 2024
- 7.6. Company Positioning Analysis, 2024
- 7.7. Company Heat Map Analysis, 2024
- 7.8. Strategy Mapping
- 7.9. Company Profiles
- 7.9.1. ALFA LAVAL
- 7.9.1.1. Participant’s overview
- 7.9.1.2. Financial performance
- 7.9.1.3. Product benchmarking
- 7.9.1.4. Recent developments
- 7.9.2. API Heat Transfer
- 7.9.2.1. Participant’s overview
- 7.9.2.2. Financial performance
- 7.9.2.3. Product benchmarking
- 7.9.2.4. Recent developments
- 7.9.3. Danfoss
- 7.9.3.1. Participant’s overview
- 7.9.3.2. Financial performance
- 7.9.3.3. Product benchmarking
- 7.9.3.4. Recent developments
- 7.9.4. Kelvion Holding GmbH
- 7.9.4.1. Participant’s overview
- 7.9.4.2. Financial performance
- 7.9.4.3. Product benchmarking
- 7.9.4.4. Recent developments
- 7.9.5. Nexson Group
- 7.9.5.1. Participant’s overview
- 7.9.5.2. Financial performance
- 7.9.5.3. Product benchmarking
- 7.9.5.4. Recent developments
- 7.9.6. Barriquand Group
- 7.9.6.1. Participant’s overview
- 7.9.6.2. Financial performance
- 7.9.6.3. Product benchmarking
- 7.9.6.4. Recent developments
- 7.9.7. SPX Flow
- 7.9.7.1. Participant’s overview
- 7.9.7.2. Financial performance
- 7.9.7.3. Product benchmarking
- 7.9.7.4. Recent developments
- 7.9.8. HISAKA WORKS, LTD.
- 7.9.8.1. Participant’s overview
- 7.9.8.2. Financial performance
- 7.9.8.3. Product benchmarking
- 7.9.8.4. Recent developments
- 7.9.9. Tranter Inc.
- 7.9.9.1. Participant’s overview
- 7.9.9.2. Financial performance
- 7.9.9.3. Product benchmarking
- 7.9.9.4. Recent developments
- 7.9.10. WCR, Inc.
- 7.9.10.1. Participant’s overview
- 7.9.10.2. Financial performance
- 7.9.10.3. Product benchmarking
- 7.9.10.4. Recent developments
- 7.9.11. Gooch Thermal Systems, Inc.
- 7.9.11.1. Participant’s overview
- 7.9.11.2. Financial performance
- 7.9.11.3. Product benchmarking
- 7.9.11.4. Recent developments
- 7.9.12. Shineheat Corp.
- 7.9.12.1. Participant’s overview
- 7.9.12.2. Financial performance
- 7.9.12.3. Product benchmarking
- 7.9.12.4. Recent developments
- 7.9.13. Elanco Heat Transfer Systems
- 7.9.13.1. Participant’s overview
- 7.9.13.2. Financial performance
- 7.9.13.3. Product benchmarking
- 7.9.13.4. Recent developments
- 7.9.14. HFM
- 7.9.14.1. Participant’s overview
- 7.9.14.2. Financial performance
- 7.9.14.3. Product benchmarking
- 7.9.14.4. Recent developments
- 7.9.15. Kinam Engineering Pvt. Ltd.
- 7.9.15.1. Participant’s overview
- 7.9.15.2. Financial performance
- 7.9.15.3. Product benchmarking
- 7.9.15.4. Recent developments
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