Press Release
Press Release
According to a new report by EMR titled, ‘Global Plate and Frame Heat Exchangers Market Report and Forecast 2024-2032’, the global market for plate and frame heat exchangers attained a value of more than USD 4.36 billion in 2023. The industry is further expected to grow at a CAGR of 6.53% in the forecast period of 2024-2032 to reach a value of over USD 7.68 billion by 2032.
The robust growth of the food and beverage industry across the globe is increasing the deployment of plate and frame heat exchangers to eliminate microbes and enhance the safety of edible products. This, in turn, is driving the growth of the market. As optimal temperature, pressure, and heat exchange is crucial in filling operations, pasteurisation, and food safety in the dairy and beverage industries, the market is witnessing rapid growth. Moreover, the growing requirements for optimal heat exchangers during food and beverages processing is increasing the use of plate and frame heat exchangers to maximise efficiency, which is significantly contributing to the market growth.
Some of the leading companies in the market are Hisaka Works, Ltd. (TYO: 6247) and Kelvion Holding GmbH. The latter launched its new plate exchanger, NP150X, in January 2019. It features a shallow plate gap and a small pitch to ensure excellent heat transfer and highly turbulent flow at very small temperature differences. The product is able to achieve higher nephelometric turbidity unit (NTU) values to increase overall performance and efficiency, as compared to the company’s NX and NT series. It is available in diverse thicknesses, such as 0.4, 0.5, 0.6 mm and is suitable for pressure up to 42 barg. It is tailored to meet the requirements of heat transfer while withstanding high pressure in a high rise building cold supply, district cooling centre, and data centre cooling. The development of such innovative products by the leading companies is surging the demand for plate and frame heat exchangers, which is propelling the market growth.
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The major players in the global plate and frame heat exchangers market are Hisaka Works, Ltd., Kelvion Holding GmbH, Danfoss Group, Fischer Maschinen- und Apparatebau GmbH, SGL Carbon SE, and Koch Industries, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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