Global Brazed Plate Heat Exchanger Market Overview:
The brazed plate heat exchanger (BPHE) is a type of small-sized heat exchanger that uses metal plates to transfer heat between two fluids without the risk of the fluids getting mixed. It provides a higher level of thermal efficiency and durability in a compact and low-cost unit for both heating and cooling purposes. Of late, the advent of technological advancement and manufacturers are focusing on the miniaturization of products provides a lucrative opportunity in the growth of the very market. Recently, SWEP International launched B427-Y class unit. This efficient BPHE has four different plates, which is easy to adapt to various applications. The growth in investment in the HVAC and refrigeration industry is anticipated in the growth of the brazed plate heat exchangers market in future.
- Expansion of Energy Infrastructure Along With Increasing Demand for Power Generation Globally
- Increasing Demand for Use in Heat Pumps and Water Heating Application
- High infrastructure development including construction of buildings, hotels, and offices
- Rapid Development of Variable Refrigerant Flow (VRF) Technology in the HVAC Industry
- Huge Investment in Research & Development In Order to Develop Technologically Advanced Products
- High Initial Cost in Manufacturing Plant Setup
- Finding Leakage is Difficult and Pressure Drop Caused by Plate Cooler
- Growing Infrastructure Development Including Construction of Hotels, Smart Buildings, Offices Globally
- Low Maintenance and Operation Cost Offer Lucrative Opportunity in Installation of Brazed Plate Heat Exchanger
- Lack of Skilled Labour for Dismantling and Assembling of Plate
Some of the key players profiled in the report are Alfa Laval AB (Sweden), Danfoss A/S (Denmark), SPX Corporation (United States), GEA Group (Germany), Kelvion Holding GmbH (Germany), SWEP International AB (Sweden), Kaori Heat Treatment Co., Ltd. (Taiwan), HISAKA WORKS, LTD. (Japan), jbj Techniques Ltd. (United Kingdom) and United Heat Exchangers (India). Analyst at AdvanceMarketAnalytics see Global Manufacturers to retain maximum share of Global Brazed Plate Heat Exchanger market by 2024. Considering Market by End Use Industry, the sub-segment i.e. Chemical & Petrochemical will boost the Brazed Plate Heat Exchanger market.
In October 2019, Alfa Laval, a Swedish company has launched a new products Alfa Laval CB210 which is combined with numerous latest technological features for brazed plate heat exchangers into one single design. The newly launched heat exchanger promises to boost performance for a wide range of heating and cooling applications, giving customers more opportunities to increase both capacities as well as thermal efficiency.
EU directives on energy efficiency and emissions have become more stringent. As a consequence, there is an increasing demand for compact heat exchangers and for closed cooling circuits at the cost of open systems. Changes can be expected with regard to refrigerants. Refrigerants used in heat exchangers, such as hydrocarbons, chlorofluorocarbons and fluorocarbons, are artificial and have negative impacts on the environment. These conventional refrigerants will be replaced in the long term by natural refrigerants, such as ammonia, CO2, propylene and propane.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Brazed Plate Heat Exchanger market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Brazed Plate Heat Exchanger market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Brazed Plate Heat Exchanger Manufacturers, Traders, Raw Material Suppliers, Distributors, Component Manufacturers, Distributors, Suppliers, Technology Providers, End-User Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.