Plate and Frame Heat Exchanger Market Size, Share, and Trends 2025 to 2034

The global plate and frame heat exchanger market is projected to grow from USD 6.64 billion in 2025 to USD 11.13 billion by 2034, registering a CAGR of 5.91%. This growth is driven by increasing demand for energy-efficient thermal management systems, stricter environmental regulations, and rising industrialization, particularly in the Asia Pacific region.

Last Updated : August 2025  |  Report Code : 5079  |  Category : Chemical and Material  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Plate and Frame Heat Exchanger Market 

5.1. COVID-19 Landscape: Plate and Frame Heat Exchanger Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Plate and Frame Heat Exchanger Market, By Type

8.1. Plate and Frame Heat Exchanger Market Revenue and Volume, By Type

8.1.1 Brazed

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Welded

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Gasketed

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Others

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Plate and Frame Heat Exchanger Market, By Application

9.1. Plate and Frame Heat Exchanger Market Revenue and Volume, By Application

9.1.1. Chemicals

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Petrochemicals, Oil & Gas

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Hvac & Refrigeration

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Power Generation

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Pulp & Paper

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Food & Beverages

9.1.6.1. Market Revenue and Volume Forecast

9.1.7. Others

9.1.7.1. Market Revenue and Volume Forecast

Chapter 10. Global Plate and Frame Heat Exchanger Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Type

10.1.2. Market Revenue and Volume Forecast, By Application

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Type

10.1.3.2. Market Revenue and Volume Forecast, By Application

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Type

10.1.4.2. Market Revenue and Volume Forecast, By Application

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Type

10.2.2. Market Revenue and Volume Forecast, By Application

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Type

10.2.3.2. Market Revenue and Volume Forecast, By Application

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Type

10.2.4.2. Market Revenue and Volume Forecast, By Application

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Type

10.2.5.2. Market Revenue and Volume Forecast, By Application

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Type

10.2.6.2. Market Revenue and Volume Forecast, By Application

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Type

10.3.2. Market Revenue and Volume Forecast, By Application

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Type

10.3.3.2. Market Revenue and Volume Forecast, By Application

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Type

10.3.4.2. Market Revenue and Volume Forecast, By Application

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Type

10.3.5.2. Market Revenue and Volume Forecast, By Application

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Type

10.3.6.2. Market Revenue and Volume Forecast, By Application

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Type

10.4.2. Market Revenue and Volume Forecast, By Application

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Type

10.4.3.2. Market Revenue and Volume Forecast, By Application

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Type

10.4.4.2. Market Revenue and Volume Forecast, By Application

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Type

10.4.5.2. Market Revenue and Volume Forecast, By Application

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Type

10.4.6.2. Market Revenue and Volume Forecast, By Application

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Type

10.5.2. Market Revenue and Volume Forecast, By Application

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Type

10.5.3.2. Market Revenue and Volume Forecast, By Application

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Type

10.5.4.2. Market Revenue and Volume Forecast, By Application

Chapter 11. Company Profiles

11.1 Alfa Laval AB

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. API Heat Transfer

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Barriquand Group

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Danfoss

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Elanco Heat Transfer Systems

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Gooch Thermal Systems, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. HFM

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Hisaka Works Limited

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Kelvion Holding GmbH

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Kinam Engineering Pvt. Ltd

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global plate and frame heat exchanger market size is expected to increase USD 11.13 billion by 2034 from USD 6.27 billion in 2024.

The plate and frame heat exchanger market is anticipated to grow at a CAGR of over 5.91% between 2025 and 2034.

The major players operating in the plate and frame heat exchanger market are Alfa Laval AB, API Heat Transfer, Barriquand Group, Danfoss, Elanco Heat Transfer Systems, Gooch Thermal Systems, Inc., HFM, Hisaka Works Limited, Kelvion Holding GmbH, Kinam Engineering Pvt. Ltd., Nexson Group, Shineheat Corp., SPX Flow, Tranter. Inc., WCR, Inc., and Others.

The driving factors of the plate and frame heat exchanger market are the increasing demand for energy savings that is expected to boost the demand in industries focusing on sustainability and operations.

Asia Pacific region will lead the global plate and frame heat exchanger market during the forecast period 2025 to 2034.

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