
Plate and Tube Heat Exchanger Market Share, Size, Trends, Industry Analysis Report, By Material Type (Titanium Alloy, Aluminium, Stainless Steel, Nickel Alloys and Copper); By End-User Industry; By Region; Segment Forecast, 2024- 2032
Description
Plate and Tube Heat Exchanger Market Share, Size, Trends, Industry Analysis Report, By Material Type (Titanium Alloy, Aluminium, Stainless Steel, Nickel Alloys and Copper); By End-User Industry; By Region; Segment Forecast, 2024- 2032
The global plate and tube heat exchanger market size is expected to reach USD 1126.65 million by 2032, according to a new study by Polaris Market Research. The report “Plate and Tube Heat Exchanger Market Share, Size, Trends, Industry Analysis Report, By Material Type (Titanium Alloy, Aluminium, Stainless Steel, Nickel Alloys and Copper); By End-User Industry; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Over the upcoming years, it is anticipated that growing demand for environmentally friendly HVAC systems, such as those that use geothermal energy or solar panels for heating and cooling to reduce energy consumption, will drive plate and tube heat exchanger market expansion. In addition, it is anticipated that the growing construction of offices, retail spaces, and public buildings will increase the need for HVAC systems in the commercial sector, driving up product demand for plate and tube heat exchangers in the upcoming years.
The peak of COVID-19 had a major impact on plate and tube heat exchanger income. Hence, the manufacture of plate and tube heat exchangers was stopped for a predetermined amount of time. According to the Organization for Economic Cooperation and Development (OECD), the lockdown caused oil prices to rise as a result of low demand and sufficient supply, which increased power generation.
Plate and tube heat exchangers are critical components of nuclear reactors. As of 2021, 443 nuclear reactors were operating worldwide, and 50 more are under construction, as reported by the International Atomic Energy Agency (IAEA). This indicates that nuclear power generation is still expanding. Plate and tube heat exchangers play a significant role in enabling the transfer of heat from the main reactor coolant loop to secondary systems, which is necessary for the production of steam and power. Due to their ability to improve heat transfer efficiency and their flexibility in response to changing pressures and temperatures, these heat exchangers are ideal for the challenging operating conditions of nuclear plants.
Moreover, the effectiveness and reliability that plate and tube heat exchangers provide greatly contribute to the overall performance optimization of nuclear reactors in light of the increased emphasis on environmental sustainability and the need to reduce carbon emissions.
Plate and Tube Heat Exchanger Market Report Highlights
The stainless steel segment dominated the market in 2023, driven by benefits such as cost-effectiveness and the ability to withstand corrosion as well.
The chemical segment led the market in 2023 and is expected to maintain its dominance due to reactions, distillations, and condensation processes being carried out well by employing the use of chemicals in heat exchangers for particular chemical reactions.
North America holds a significant revenue share in the global Plate and Tube Heat Exchanger market, driven by regulations such as the Energy Policy and Conservation Act and the Department of Energy’s Appliance and Equipment Standards Program & Energy Efficiency Directives.
The global key market players include Alfa Laval, API Heat Transfer, Danfoss, HFM Plate Heat Exchanger, Kelvion Holding GmbH, SPX Flow, Thermex and Wabtec Corporation.
Polaris Market Research has segmented the plate and tube heat exchanger market report based on material type, end-user industry and region:
Plate and Tube Heat Exchanger, Material Type Outlook (Revenue - USD Million, 2019 - 2032)
Titanium Alloy
Aluminium
Stainless Steel
Nickel Alloys
Copper
Others
Plate and Tube Heat Exchanger, End-user Industry Outlook (Revenue - USD Million, 2019 - 2032)
Oil & Gas
Chemicals
Petrochemicals
HVAC & Refrigeration
Power Generation
Plate and Tube Heat Exchanger, Regional Outlook (Revenue - USD Million, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
116 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Plate and Tube Heat Exchanger Market Insights
- 4.1. Plate and Tube Heat Exchanger Market – Industry Snapshot
- 4.2. Plate and Tube Heat Exchanger Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Research & Development activities for improving the material
- 4.2.1.2. Rising stringent energy efficiency and environmental regulations
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Preferences for conventional designs
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Plate and Tube Heat Exchanger Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Plate and Tube Heat Exchanger Market, by Material Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Plate and Tube Heat Exchanger, by Material Type, 2019-2032 (USD Million)
- 5.3. Titanium Alloy
- 5.3.1. Global Plate and Tube Heat Exchanger Market, by Titanium Alloy, by Region, 2019-2032 (USD Million)
- 5.4. Aluminium
- 5.4.1. Global Plate and Tube Heat Exchanger Market, by Aluminium, by Region, 2019-2032 (USD Million)
- 5.5. Stainless Steel
- 5.5.1. Global Plate and Tube Heat Exchanger Market, by Stainless Steel, by Region, 2019-2032 (USD Million)
- 5.6. Nickel Alloys
- 5.6.1. Global Plate and Tube Heat Exchanger Market, by Nickel Alloys, by Region, 2019-2032 (USD Million)
- 5.7. Copper
- 5.7.1. Global Plate and Tube Heat Exchanger Market, by Copper, by Region, 2019-2032 (USD Million)
- 5.8. Others
- 5.8.1. Global Plate and Tube Heat Exchanger Market, by Others, by Region, 2019-2032 (USD Million)
- 6. Global Plate and Tube Heat Exchanger Market, by End-User Industry
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 6.3. Oil & Gas
- 6.3.1. Global Plate and Tube Heat Exchanger Market, by Oil & Gas, by Region, 2019-2032 (USD Million)
- 6.4. Chemicals
- 6.4.1. Global Plate and Tube Heat Exchanger Market, by Chemicals, by Region, 2019-2032 (USD Million)
- 6.5. Petrochemicals
- 6.5.1. Global Plate and Tube Heat Exchanger Market, by Petrochemicals, by Region, 2019-2032 (USD Million)
- 6.6. HVAC & Refrigeration
- 6.6.1. Global Plate and Tube Heat Exchanger Market, by HVAC & Refrigeration, by Region, 2019-2032 (USD Million)
- 6.7. Power Generation
- 6.7.1. Global Plate and Tube Heat Exchanger Market, by Power Generation, by Region, 2019-2032 (USD Million)
- 7. Global Plate and Tube Heat Exchanger Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Plate and Tube Heat Exchanger Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Plate and Tube Heat Exchanger Market – North America
- 7.3.1. North America: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.3.2. North America: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.3.3. Plate and Tube Heat Exchanger Market – U.S.
- 7.3.3.1. U.S.: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.3.4. Plate and Tube Heat Exchanger Market – Canada
- 7.3.4.1. Canada: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4. Plate and Tube Heat Exchanger Market – Europe
- 7.4.1. Europe: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.2. Europe: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.3. Plate and Tube Heat Exchanger Market – UK
- 7.4.3.1. UK: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.3.2. UK: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.4. Plate and Tube Heat Exchanger Market – France
- 7.4.4.1. France: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.4.2. France: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.5. Plate and Tube Heat Exchanger Market – Germany
- 7.4.5.1. Germany: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.6. Plate and Tube Heat Exchanger Market – Italy
- 7.4.6.1. Italy: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.7. Plate and Tube Heat Exchanger Market – Spain
- 7.4.7.1. Spain: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.8. Plate and Tube Heat Exchanger Market – Netherlands
- 7.4.8.1. Netherlands: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.4.9. Plate and Tube Heat Exchanger Market – Russia
- 7.4.9.1. Russia: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5. Plate and Tube Heat Exchanger Market – Asia Pacific
- 7.5.1. Asia Pacific: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5.3. Plate and Tube Heat Exchanger Market – China
- 7.5.3.1. China: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.3.2. China: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5.4. Plate and Tube Heat Exchanger Market – India
- 7.5.4.1. India: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.4.2. India: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5.5. Plate and Tube Heat Exchanger Market – Malaysia
- 7.5.5.1. Malaysia: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5.6. Plate and Tube Heat Exchanger Market – Japan
- 7.5.6.1. Japan: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5.7. Plate and Tube Heat Exchanger Market – Indonesia
- 7.5.7.1. Indonesia: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.5.8. Plate and Tube Heat Exchanger Market – South Korea
- 7.5.8.1. South Korea: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.6. Plate and Tube Heat Exchanger Market – Middle East & Africa
- 7.6.1. Middle East & Africa: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.6.3. Plate and Tube Heat Exchanger Market – Saudi Arabia
- 7.6.3.1. Saudi Arabia: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.6.4. Plate and Tube Heat Exchanger Market – UAE
- 7.6.4.1. UAE: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.6.5. Plate and Tube Heat Exchanger Market – Israel
- 7.6.5.1. Israel: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.6.6. Plate and Tube Heat Exchanger Market – South Africa
- 7.6.6.1. South Africa: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.7. Plate and Tube Heat Exchanger Market – Latin America
- 7.7.1. Latin America: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.7.2. Latin America: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.7.3. Plate and Tube Heat Exchanger Market – Mexico
- 7.7.3.1. Mexico: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.7.4. Plate and Tube Heat Exchanger Market – Brazil
- 7.7.4.1. Brazil: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 7.7.5. Plate and Tube Heat Exchanger Market – Argentina
- 7.7.5.1. Argentina: Plate and Tube Heat Exchanger Market, by End-User Industry, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Plate and Tube Heat Exchanger Market, by Material Type, 2019-2032 (USD Million)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Alfa Laval
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. API Heat Transfer
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Danfoss
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. HFM Plate Heat Exchanger
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. HRS Heat Exchanger
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Kelvion Holding GmbH
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. SPX Flow
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Thermex
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Wabtec Corporation
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Xylem
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
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