Brazed Plate Heat Exchangers Market – Global Industry Analysis and Forecast (2024-2030) by Application, End-Use Industry and Region.


Brazed Plate Heat Exchangers Market size was valued at US$ 978.80 Mn in 2023 and the total revenue is expected to grow at 7.0 % through 2024 to 2030, reaching nearly US$ 1571.74 Mn. by 2030.

The global Brazed Plate Heat Exchangers market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Brazed Plate Heat Exchangers report also provides trends by market segments, technology, and investment with a competitive landscape.Brazed Plate Heat Exchangers MarketTo know about the Research Methodology :- Request Free Sample Report

Brazed Plate Heat Exchangers Market Overview:

The brazed plate heat exchangers market is driven by the growth of the global construction sector and the increasing use of HVACR systems in this sector. Rapid industrialization in emerging economies is expected to create opportunities for the manufacturers of BPHEs.

Brazed Plate Heat Exchangers Market Dynamics:

The increasing number of construction activities across the globe, rising demand for the product thanks to compactness, high efficiency, flexibility, and others, increasing usages of the product in-floor heating, economizers, condensers, oil coolers, super-coolers, and other industrial applications are the major and vital factors drive the brazed plate heat exchangers market growth.

Moreover, Brazed plate heat exchangers are small-sized exchangers used to transfer heat between two fluids without the risk of the fluids getting mixed. They are used for both heating and cooling purposes. Industries use cooling functions more than heating functions to avoid overheating of volatile substances that can damage the equipment. Furthermore, the market is flourishing owing to the advantageous properties of brazed plate heat exchangers including small footprint, low maintenance cost, and cost-efficiency.

These exchangers comprise metal plates joined together to transfer heat from one fluid to another. The metal plates are vacuum brazed together using copper. Vacuum brazing is highly preferred owing to the strength of joints and no residual flux. These heat exchangers are highly used in the HVAC industry and industrial applications, this, in turn, propels the brazed plate heat exchangers market demand.

The growing number of technological development with increasing research and development activities and rapid industrialization across the globe further creates various opportunities for the brazed plate heat exchangers market growth during the forecast period.

The non-movable nature of the product is likely to hamper the growth of the brazed plate heat exchangers market during the forecast period.

Brazed Plate Heat Exchangers Market Segment Analysis:

By Application, the automotive lead-acid batteries market is bifurcated into evaporator, condenser, and economizer.

By End-Use Industry, the market is bifurcated into HVACR, chemical, food & beverage, power, heavy industries, and others. HVACR industry segment expected to reach USD 377.0 Mn by 2026. The HVACR industry is expected to grow rapidly owing to increasing demand from the global construction sector. The global construction sector is growing, owing to globalization, urbanization, rising standard of living, increasing purchasing power parity (PPP), infrastructural development, and increasing need for construction of megacities in emerging countries.

Brazed plate exchangers are used in refrigerators and air conditioners. Technological advancements and ascending demand for smaller products have driven the manufacturers of HVAC products to adopt brazed plate heat exchangers owing to their smaller footprint, thereby boosting the product demand. Moreover, brazed plate heat exchangers are characterized by lower expenses since they consume less energy and incur low maintenance costs.

Recent Development

In October 2019, SWEP introduced a new pressure class model, B427-Y, in its range of BPHEs. This new model is designed particularly for customers who do not need a product that can withstand high pressure like other BPHEs. This new development will help the company to meet the specific needs of customers.

In July 2016, Danfoss acquired Sondex Holding A/S (Denmark), a global manufacturer of heat transfer products. This acquisition helped the company to improve its product offering and strengthen its position in the BPHEs market.

Brazed Plate Heat Exchangers Market Regional Insights:

Europe is Dominate the Brazed Plate Heat Exchangers Market

Europe is accounted for more than 34.1% share in 2026 in terms of revenue. Germany, Italy, and France are some of the European countries anticipated to propel the growth of the global brazed plate heat exchangers market during the forecast period. Growing investments by governments in infrastructure development are expected to drive the product demand in the region. Increasing infrastructure developments including buildings, offices, and industries are expected to prompt the demand for HVAC systems and, in turn, growth for brazed plate heat exchangers market demand.

North America and the Asia Pacific are expected to be the second-dominating region of the Brazed Plate Heat Exchangers Market

New infrastructural advancements in numerous developing countries in North America and the Asia Pacific are expected to drive market growth during the forecast period. The U.S.’s spending on infrastructure has increased in the past decade, which indicates an increase in the product demand in HVAC and industrial applications. India is witnessing increasing investments in infrastructure development through the National Investment & Infrastructure Fund’s (NIIF) support. For instance, in June 2018, the Asian Infrastructure Investment Bank announced an investment worth USD 200 million in NIIF. In 2017, the Indian infrastructure sector experienced over 91 mergers & acquisitions worth USD 5.4 billion.

The objective of the report is to present a comprehensive analysis of the Global Brazed Plate Heat Exchangers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.

Brazed Plate Heat Exchangers Market Scope: Inquire before buying






Brazed Plate Heat Exchangers Market




Report Coverage
Details




Base Year:
2023
Forecast Period:
2024-2030




Historical Data:
2018 to 2023
Market Size in 2023:
US $ 978.80 Mn.




Forecast Period 2024 to 2030 CAGR:
7.0%
Market Size in 2030:
US $ 1571.74 Mn.




 Segments Covered:
by Application
• Evaporator
• Condenser
• Economizer




by End-Use Industry
• HVACR
• Chemical
• Food & beverage
• Power
• Others






Brazed Plate Heat Exchangers Market, by Region

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

Global Brazed Plate Heat Exchangers Market Key Players

• BPHEs market are Alfa Laval (Sweden)
• Kelvion (Germany)
• SWEP (Sweden)
• Danfoss (Denmark)
• Xylem (US)
• API Heat Transfer (US)
• Chart Industries (US)
• Hisaka Works (Japan)
• Kaori (Taiwan)
• Paul Mueller Company (US)
• Baode Heat Exchanger (China)
• Barriquand Group (France)
• Boyd Corporation (US)
• Diversified Heat Transfer (US)
• Funke (Germany)
• HRS Heat Exchangers (UK)
• HYDAC (Germany)
• Onda (Italy)
• Secespol (Poland)
• Weil-McLain (US)
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global market?
Ans: Europe region held the highest share in 2023.

2. What is the growth rate of Global market?
Ans: The Global market is growing at a CAGR of 7.0% during forecasting period 2024-2030.

3. What is scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global market are – BPHEs market are Alfa Laval (Sweden), Kelvion (Germany), SWEP (Sweden), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Chart Industries (US), Hisaka Works (Japan), Kaori (Taiwan), Paul Mueller Company (US), Baode Heat Exchanger (China), Barriquand Group (France), Boyd Corporation (US), Diversified Heat Transfer (US), Funke (Germany), HRS Heat Exchangers (UK), HYDAC (Germany), Onda (Italy), Secespol (Poland), Weil-McLain (US), and Others.

5. What is the study period of this Market?
Ans: The Global market is studied from 2023 to 2030. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Brazed Plate Heat Exchangers Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2023
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Brazed Plate Heat Exchangers Market
3.4. Geographical Snapshot of the Brazed Plate Heat Exchangers Market, By Manufacturer share
4. Global Brazed Plate Heat Exchangers Market Overview, 2023-2030
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Applications
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Brazed Plate Heat Exchangers Market
5. Supply Side and Demand Side Indicators
6. Global Brazed Plate Heat Exchangers Market Analysis and Forecast, 2023-2030
6.1. Global Brazed Plate Heat Exchangers Market Size & Y-o-Y Growth Analysis.
7. Global Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
7.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
7.1.1. Evaporator
7.1.2. Condenser
7.1.3. Economizer
7.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
7.2.1. HVACR
7.2.2. Chemical
7.2.3. Food & beverage
7.2.4. Power
7.2.5. Heavy industries
7.2.6. Others
8. Global Brazed Plate Heat Exchangers Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
9.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
9.1.1. Evaporator
9.1.2. Condenser
9.1.3. Economizer
9.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
9.2.1. HVACR
9.2.2. Chemical
9.2.3. Food & beverage
9.2.4. Power
9.2.5. Heavy industries
9.2.6. Others
10. North America Brazed Plate Heat Exchangers Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
11.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
11.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
12. Canada Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
12.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
12.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
13. Mexico Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
13.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
13.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
14. Europe Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
14.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
14.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
15. Europe Brazed Plate Heat Exchangers Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
16.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
16.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
17. France Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
17.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
17.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
18. Germany Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
18.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
18.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
19. Italy Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
19.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
19.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
20. Spain Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
20.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
20.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
21. Sweden Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
21.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
21.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
22. CIS Countries Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
22.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
22.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
23. Rest of Europe Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
23.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
23.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
24. Asia Pacific Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
24.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
24.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
25. Asia Pacific Brazed Plate Heat Exchangers Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
26.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
26.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
27. India Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
27.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
27.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
28. Japan Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
28.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
28.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
29. South Korea Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
29.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
29.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
30. Australia Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
30.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
30.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
31. ASEAN Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
31.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
31.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
32. Rest of Asia Pacific Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
32.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
32.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
33. Middle East Africa Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
33.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
33.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
34. Middle East Africa Brazed Plate Heat Exchangers Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
35.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
35.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
36. GCC Countries Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
36.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
36.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
37. Egypt Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
37.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
37.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
38. Nigeria Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
38.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
38.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
39. Rest of ME&A Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
39.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
39.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
40. South America Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
40.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
40.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
41. South America Brazed Plate Heat Exchangers Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
42.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
42.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
43. Argentina Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
43.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
43.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
44. Rest of South America Brazed Plate Heat Exchangers Market Analysis and Forecasts, 2023-2030
44.1. Market Size (Value) Estimates & Forecast By Application, 2023-2030
44.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2023-2030
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Brazed Plate Heat Exchangers Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, End-Use Industry’s and R&D Investment
45.2.2. New Application Launches and Application Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. BPHEs market are Alfa Laval (Sweden)
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Application Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Kelvion (Germany)
45.3.3. SWEP (Sweden)
45.3.4. Danfoss (Denmark)
45.3.5. Xylem (US)
45.3.6. API Heat Transfer (US)
45.3.7. Chart Industries (US)
45.3.8. Hisaka Works (Japan)
45.3.9. Kaori (Taiwan)
45.3.10. Paul Mueller Company (US)
45.3.11. Baode Heat Exchanger (China)
45.3.12. Barriquand Group (France)
45.3.13. Boyd Corporation (US)
45.3.14. Diversified Heat Transfer (US)
45.3.15. Funke (Germany)
45.3.16. HRS Heat Exchangers (UK)
45.3.17. HYDAC (Germany)
45.3.18. Onda (Italy)
45.3.19. Secespol (Poland)
45.3.20. Weil-McLain (US)
45.3.21. Other Key Players
46. Primary Key Insights
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