プレート&フレーム熱交換器市場 – 2030年までの世界予測

Plate & Frame Heat Exchanger Market - Global Forecast to 2030

プレート&フレーム熱交換器市場 - タイプ(ガスケット式、溶接式、ろう付け式)、用途(HVACおよび冷凍、化学、石油化学、石油およびガス、食品および飲料、発電、パルプおよび製紙)、地域 - 2030年までの世界予測
Plate & Frame Heat Exchanger Market by Type (Gasketed, Welded, Brazed), Application (HVAC & Refrigeration, Chemical, Petrochemical, Oil & Gas, Food & Beverage, Power Generation, Pulp & Paper), Region - Global Forecast to 2030

商品番号 : SMB-35809

出版社MarketsandMarkets
出版年月2025年6月
ページ数232
図表数278
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、プレート式熱交換器市場をタイプ、用途、地域別にセグメント化し、様々な地域における市場全体の価値を推定しています。主要業界プレーヤーの詳細な分析を実施し、プレート式熱交換器市場に関連する事業概要、製品・サービス、主要戦略、製品投入、事業拡大、合併・買収に関する洞察を提供しています。

The plate & frame heat exchanger market is projected to reach USD 10.50 billion by 2030 from USD 7.21 billion in 2025, at a CAGR of 7.8%. Plate & frame heat exchangers, with their versatility and highly efficient thermal control, are essential components in HVACR systems, which have a direct correlation with the building and industrial maintenance markets. The renewed demand for HVACR equipment has been magnified due to new demand for infrastructure and urbanization through new building stock and refurbishment of existing stock in commercial and residential sectors. The HVACR sector appeals to all sectors of finance, and its growth is creating a range of heating, cooling, and energy-treatment applications requiring plate & frame heat exchangers to meet demands globally, driving the growth of the plate and frame heat exchanger sector.

プレート&フレーム熱交換器市場は、2025年の72億1,000万米ドルから2030年には105億米ドルに達し、年平均成長率7.8%で成長すると予測されています。プレート&フレーム熱交換器は、その汎用性と高効率な熱制御により、ビルおよび産業メンテナンス市場と直接相関するHVACRシステムに不可欠なコンポーネントです。HVACR機器の新たな需要は、商業および住宅部門における新規建築ストックおよび既存ストックの改修によるインフラおよび都市化の新たな需要によって拡大しています。HVACR部門は金融のすべての部門にアピールしており、その成長により、世界中の需要を満たすためにプレート&フレーム熱交換器を必要とするさまざまな暖房、冷房、およびエネルギー処理アプリケーションが生まれており、プレート&フレーム熱交換器部門の成長を牽引しています。

プレート&フレーム熱交換器市場 - 2030年までの世界予測
plate-frame-heat-exchangers-market-Overview

“Based on type, welded plate & frame heat exchanger is the second-largest type in plate & frame heat exchanger market during the forecast period, in terms of value.”

Welded plate and frame heat exchangers are the second most significant types of plate and frame heat exchangers in terms of market value. They can accommodate high pressures and high temperatures, making them suitable for challenging industrial applications in the oil & gas, chemical processing, power generation, and HVAC sectors. Their compact, high-performance architectural presence provides exceptionally productive heat transfer in limited installation spaces. Their welded construction means they do not have gaskets that may fail and shut down operations or allow fluid leakages. This improves the reliability and operational safety of the heat exchanger system.  Additionally, welded plate and frame heat exchangers can be literally tailored and sized to specific process needs, while their efficient maintenance and cleaning features maximize appeal across all industries, thus securing their competitive position in the marketplace.

“Based on application, chemicals is the second-fastest-growing application in the plate & frame heat exchanger market during the forecast period, in terms of value.”

The chemicals segment is projected to be the second-largest application segment, showing the fastest growth in the plate & frame heat exchanger market during the forecast period, in terms of value, due to the industry’s demand for dependable, effective, and corrosion-resistant heat transfer solutions. In addition, chemical processing inherently involves extremes in aggressive fluids, high temperatures, and direct evidence of strict thermal control and cleanliness, requiring the use of plate & frame heat exchangers, especially those manufactured with expert materials like titanium, Hastelloy, etc. Plate & frame heat exchangers can be configured to fit within small spaces, making them easy to maintain and relatively simple to isolate & flush to remove process media and promote efficient operation. As they handle complex and corrosive media, less downtime means the organization maximizes utilization, efficiency, and uptime. The continued global expansion of chemical manufacturing continues to benefit from highly advanced and flexible heat exchangers and assimilated ancillary equipment that contribute to the maximization of safe, efficient, and effective management of their costly process time – and identify features to optimize reliable operation and share in the heat exchanger market.

プレート&フレーム熱交換器市場 - 2030年までの世界予測 region
plate-frame-heat-exchangers-market-Region

“Based on region, Asia Pacific accounts for the largest share and is projected to be the fastest-growing region in the plate & frame heat exchanger market, in terms of value.”

The largest and fastest-growing region for plate & frame heat exchangers is the Asia Pacific due to heavy industrialization, increased urbanization, and economic growth occurring in major countries in the region, such as China and India. This has resulted in the demand for plate heat exchangers in several important sectors, such as chemicals, HVAC, petrochemicals, food & beverage, and oil & gas markets. The largest growth drivers include a focus on energy efficiency, investment of infrastructure and general manufacturing, and a growing push for advanced technologies. Further, other important factors include government policies promoting growth, an abundance of low-cost labor, and global, mostly major manufacturers, deciding to expand their footprint in the Asia Pacific and, as a category, have a strong market share, thrusting the region’s currently dominant and fast growing position in this market. If these conditions continue, the Asia Pacific is expected to retain the leading share in terms of both, size and growth in the plate & frame heat exchanger market over the forecast period.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:

  • By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
  • By Designation: Directors- 35%, Managers – 25%, and Others – 40%
  • By Region: North America – 22%, Europe – 22%, Asia Pacific – 45%, RoW – 11%

The key players in this market are ALFA LAVAL (Sweden), Danfoss (Denmark), Kelvion Holding GmbH (Germany), SPX Flow (US), XYLEM (US), API Heat Transfer (US), H. Guntner (UK) LTD. (UK), Boyd Corporation (US), Johnson Controls (Ireland), Wabtec Corporation (US), Barriquand Technologies Thermiques (France), Chart Industries (US), Funke Heat Exchanger (Germany), Hisaka Works Ltd. (Japan), Radiant Heat Exchangers Pvt. Ltd. (India), SWEP International AB (Sweden), Vahterus OY (Finland), Kaori (Taiwan), Diversified Heat Transfer (US), HRS Heat Exchangers (UK), ONDA (Italy), SECESPOL (Poland), HYDAC (Germany), Baode (China), and Thermofin (Canada).

プレート&フレーム熱交換器市場 - 2030年までの世界予測 ecosystem
plate-frame-heat-exchangers-market-Ecosystem

Research Coverage

This report segments the plate & frame heat exchanger market based on type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, product launches, expansions, and mergers and acquisitions associated with the plate & frame heat exchanger market.

Key benefits of buying this report

This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the plate & frame heat exchanger market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (Stringent environmental regulations, Rising demand for HVACR equipment, Technological developments in brazed plate heat exchangers, Expansion of chemical and petrochemical industries), restraints (Volatility in raw material prices, Increasing demand for battery electric vehicles, Application limitations and alternative technologies), opportunities (Growth of plate & frame heat exchanger aftermarket, Rapid industrialization in emerging regions) and challenges (Clogging of heat exchangers, Limited serviceability of brazed plate & frame heat exchangers).
  • Market Penetration: Comprehensive information on the plate & frame heat exchangers offered by top players in the global plate & frame heat exchanger market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the plate & frame heat exchanger market.
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the market for plate & frame heat exchangers across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global plate & frame heat exchanger market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the plate & frame heat exchanger market.

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   23

1.3           STUDY SCOPE   24

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      24

1.3.2        INCLUSIONS & EXCLUSIONS       24

1.3.3        YEARS CONSIDERED      25

1.3.4        CURRENCY CONSIDERED            25

1.3.5        UNITS CONSIDERED      26

1.4           STAKEHOLDERS               26

1.5           SUMMARY OF CHANGES               26

2               RESEARCH METHODOLOGY       27

2.1           RESEARCH DATA              27

2.1.1        SECONDARY DATA          28

2.1.1.1    Key data from secondary sources       28

2.1.2        PRIMARY DATA 29

2.1.2.1    Key data from primary sources           29

2.1.2.2    Primary interviews: Demand and supply sides                29

2.1.2.3    Key industry insights           30

2.1.2.4    Breakdown of interviews with experts               30

2.2           MARKET SIZE ESTIMATION         31

2.2.1        BOTTOM-UP APPROACH              31

2.2.2        TOP-DOWN APPROACH                31

2.3           MARKET SIZE PROJECTION         32

2.4           DATA TRIANGULATION                33

2.5           FACTOR ANALYSIS          34

2.6           ASSUMPTIONS  34

2.7           LIMITATIONS AND RISKS             34

3               EXECUTIVE SUMMARY  35

4               PREMIUM INSIGHTS       38

4.1           SIGNIFICANT OPPORTUNITIES FOR PLATE & FRAME HEAT EXCHANGER

MARKET PLAYERS           38

4.2           EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION AND COUNTRY             38

4.3           PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE                 39

4.4           PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION   39

4.5           PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY            40

5               MARKET OVERVIEW       41

5.1           INTRODUCTION              41

5.2           MARKET DYNAMICS       41

5.2.1        DRIVERS               41

5.2.1.1    Stringent environmental regulations 41

5.2.1.2    Rising demand for HVACR equipment             42

5.2.1.3    Technological developments in brazed plate heat exchangers                 43

5.2.1.4    Expansion of chemical and petrochemical industries     43

5.2.2        RESTRAINTS      43

5.2.2.1    Volatility in raw material prices          43

5.2.2.2    Increasing demand for battery electric vehicles               44

5.2.2.3    Application limitations and alternative technologies      44

5.2.3        OPPORTUNITIES              45

5.2.3.1    Growth of plate & frame heat exchanger aftermarket     45

5.2.3.2    Rapid industrialization in emerging regions    45

5.2.4        CHALLENGES    46

5.2.4.1    Clogging of heat exchangers               46

5.2.4.2    Limited serviceability of brazed plate & frame heat exchangers                 46

5.3           VALUE CHAIN ANALYSIS               47

5.3.1        RAW MATERIAL SUPPLIERS         47

5.3.2        MANUFACTURERS           47

5.3.3        DISTRIBUTORS 48

5.3.4        END USERS         48

5.4           PORTER’S FIVE FORCES ANALYSIS           48

5.4.1        THREAT OF NEW ENTRANTS      49

5.4.2        THREAT OF SUBSTITUTES          49

5.4.3        BARGAINING POWER OF SUPPLIERS       49

5.4.4        BARGAINING POWER OF BUYERS             50

5.4.5        INTENSITY OF COMPETITIVE RIVALRY 50

5.5           MACROECONOMIC INDICATORS              51

5.5.1        POWER GENERATION   51

5.5.2        DEMAND FOR AIR CONDITIONING (AC)                52

5.5.3        CHEMICAL SALES             52

5.6           KEY CONFERENCES & EVENTS, 2025–2026              53

5.7           KEY FACTORS AFFECTING BUYING DECISIONS 54

5.7.1        QUALITY              54

5.7.2        SERVICE               54

5.8           TARIFFS AND REGULATIONS     55

5.8.1        ASIA PACIFIC     55

5.8.2        EUROPE               55

5.8.3        NORTH AMERICA             56

5.8.3.1    US           56

5.8.3.2    Canada   56

5.9           AVERAGE SELLING PRICE ANALYSIS       58

5.9.1        AVERAGE SELLING PRICE BASED ON REGION    58

5.9.2        AVERAGE SELLING PRICE BASED ON APPLICATION, 2022–2030              58

5.9.3        AVERAGE SELLING PRICE OF TOP THREE MARKET PLAYERS, 2024   59

5.10         TECHNOLOGY ANALYSIS             59

5.10.1      MICRO/NANOSTRUCTURED SURFACES 59

5.10.2      ADDITIVE MANUFACTURING    59

5.10.3      SURFACE COATINGS      59

5.10.4      COMPUTATIONAL FLUID DYNAMICS (CFD)        59

5.10.5      INTELLIGENT MONITORING AND CONTROL SYSTEMS                 59

5.11         ECOSYSTEM       60

5.12         PATENT ANALYSIS          61

5.12.1      INTRODUCTION              61

5.12.2      METHODOLOGY              61

5.12.3      DOCUMENT TYPE           61

5.12.4      INSIGHTS            62

5.12.5      LEGAL STATUS OF PATENTS      62

5.12.6      JURISDICTION ANALYSIS              62

5.12.7      TOP COMPANIES/APPLICANTS 63

5.13         TRADE ANALYSIS             64

5.13.1      IMPORT-EXPORT SCENARIO OF PLATE & FRAME HEAT EXCHANGER MARKET (HS CODE 841950)               64

5.14         CASE STUDIES  65

5.14.1      REQUIREMENT IN DISTRICT HEATING SYSTEM 65

5.15         IMPACT OF 2025 US TARIFF ON PLATE & FRAME HEAT EXCHANGER MARKET   65

5.15.1      INTRODUCTION              65

5.15.2      KEY TARIFF RATES          66

5.16         PRICE IMPACT ANALYSIS             67

5.16.1      IMPACT ON COUNTRY/REGION                67

5.16.1.1  US           67

5.16.1.2  Europe   68

5.16.1.3  Asia Pacific            68

5.17         IMPACT ON END-USE INDUSTRIES          68

6               PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE                 70

6.1           INTRODUCTION              71

6.2           GASKETED PLATE & FRAME HEAT EXCHANGER                 72

6.2.1        COMPACT SIZE, HIGH HEAT TRANSFER EFFICIENCY, EASY MAINTENANCE, AND WIDE RANGE OF OPERATING CONDITIONS TO DRIVE MARKET             72

6.3           WELDED PLATE HEAT EXCHANGER (WPHE)       73

6.3.1        SUITABILITY FOR HANDLING AGGRESSIVE FLUIDS TO BOOST MARKET               73

6.4           BRAZED PLATE HEAT EXCHANGER (BPHE)         73

6.4.1        HIGH EFFICIENCY, COMPACT SIZE, RELIABILITY, AND EASE OF MAINTENANCE TO FUEL DEMAND       73

6.5           OTHER TYPES   74

7               PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION   75

7.1           INTRODUCTION              76

7.2           HVAC & REFRIGERATION             78

7.2.1        INCREASING DEMAND FOR READY-TO-SERVE AND PACKAGED FOODS AND BEVERAGES TO DRIVE MARKET                 78

7.3           CHEMICALS        79

7.3.1        NEED FOR SAFE AND EFFICIENT HEAT TRANSFER IN CHEMICAL PROCESSES TO FUEL DEMAND          79

7.4           PETROCHEMICALS AND OIL & GAS         79

7.4.1        REQUIREMENT FOR EFFICIENT OIL COOLING, CONDENSATION,

HEAT RECOVERY, AND GAS PROCESSING TO SUPPORT GROWTH             79

7.5           FOOD & BEVERAGES      80

7.5.1        COST-EFFECTIVE SOLUTIONS AS CONDENSERS, CHILLERS,

AND EVAPORATORS TO PROPEL MARKET           80

7.6           POWER GENERATION   80

7.6.1        CONSISTENT COOLING OF LUBE OILS, BEARINGS, AND ROTOR BLADES IN DIESEL, STEAM, OR GAS TURBINES TO DRIVE MARKET               80

7.7           PULP & PAPER  81

7.7.1        ENHANCED PRODUCTION EFFICIENCY AND MAXIMIZED HEAT RECOVERY

TO DRIVE MARKET         81

7.8           OTHER APPLICATIONS 82

8               PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION                83

8.1           INTRODUCTION              84

8.2           ASIA PACIFIC     86

8.2.1        CHINA  91

8.2.1.1    Availability of low-cost labor and cheap raw materials to drive market    91

8.2.2        INDIA    93

8.2.2.1    Rapid urbanization and industrialization to propel market                 93

8.2.3        JAPAN   95

8.2.3.1    Substantial demand from transportation and automotive sectors to boost market     95

8.2.4        SOUTH KOREA  97

8.2.4.1    Investments in energy sources to drive market                97

8.2.5        REST OF ASIA PACIFIC   99

8.3           NORTH AMERICA             101

8.3.1        US           105

8.3.1.1    Increasing demand for natural gas and petroleum to drive market                 105

8.3.2        CANADA               107

8.3.2.1    Availability of vast natural resources to contribute to market growth    107

8.3.3        MEXICO                109

8.3.3.1    Population growth to drive demand for power generation                 109

8.4           EUROPE               112

8.4.1        GERMANY           117

8.4.1.1    Transition toward renewable energy sources to support

market growth       117

8.4.2        FRANCE                119

8.4.2.1    Chemical exports to boost market growth        119

8.4.3        UK          121

8.4.3.1    R&D expenditure in chemical sector to boost market    121

8.4.4        ITALY    123

8.4.4.1    Growing numbers of chemical manufacturers to boost market                 123

8.4.5        SWEDEN              124

8.4.5.1    Oil & gas sector to fuel market growth              124

8.4.6        REST OF EUROPE             126

8.5           MIDDLE EAST & AFRICA                128

8.5.1        GCC COUNTRIES              132

8.5.1.1    Saudi Arabia          132

8.5.1.1.1 Government implementation of new power projects to drive market growth       132

8.5.1.2    UAE        134

8.5.1.2.1 Expansion of natural gas production facilities to boost growth                 134

8.5.1.3    Rest of GCC countries         136

8.5.2        REST OF MIDDLE EAST & AFRICA             138

8.6           SOUTH AMERICA             140

8.6.1        BRAZIL 144

8.6.1.1    Growing population to fuel market growth      144

8.6.2        ARGENTINA       146

8.6.2.1    Focus on non-hydro renewable sources to boost demand                 146

8.6.3        REST OF SOUTH AMERICA           148

9               COMPETITIVE LANDSCAPE         151

9.1           OVERVIEW          151

9.2           REVENUE ANALYSIS OF TOP PLAYERS, 2022–2024                 153

9.3           MARKET SHARE ANALYSIS, 2023                 153

9.4           MARKET EVALUATION MATRIX, 2024      156

9.5           COMPANY EVALUATION MATRIX, KEY PLAYERS, 2024                 156

9.5.1        STARS   156

9.5.2        EMERGING LEADERS     156

9.5.3        PERVASIVE PLAYERS      157

9.5.4        PARTICIPANTS 157

9.5.5        COMPANY FOOTPRINT: KEY PLAYERS, 2024         158

9.5.5.1    Company footprint               158

9.5.5.2    Region footprint   159

9.5.5.3    Type footprint       160

9.5.5.4    Application footprint            161

9.6           STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)

EVALUATION MATRIX   162

9.6.1        RESPONSIVE COMPANIES            162

9.6.2        STARTING BLOCKS         162

9.6.3        PROGRESSIVE COMPANIES         162

9.6.4        DYNAMIC COMPANIES  162

9.6.5        COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 164

9.6.5.1    Detailed list of key startups/SMEs    164

9.6.5.2    Competitive benchmarking of key startups/SMEs          165

9.7           COMPETITIVE SCENARIO             166

9.7.1        PRODUCT LAUNCHES   166

9.7.2        DEALS  168

9.7.3        EXPANSIONS     171

9.7.4        OTHERS                173

10            COMPANY PROFILES      174

10.1         KEY PLAYERS     174

10.1.1      ALFA LAVAL       174

10.1.1.1  Business overview 174

10.1.1.2  Products offered   175

10.1.1.3  Recent developments           178

10.1.1.3.1                Product launches  178

10.1.1.3.2                Deals      179

10.1.1.3.3                Expansions             180

10.1.1.4  MnM view              181

10.1.1.4.1                Key strengths        181

10.1.1.4.2                Strategic choices   181

10.1.1.4.3                Weaknesses and competitive threats 181

10.1.2      DANFOSS             182

10.1.2.1  Business overview 182

10.1.2.2  Products offered   183

10.1.2.3  Recent developments           185

10.1.2.3.1                Product launches  185

10.1.2.3.2                Deals      186

10.1.2.4  MnM view              186

10.1.2.4.1                Key strengths        186

10.1.2.4.2                Strategic choices   186

10.1.2.4.3                Weaknesses and competitive threats 187

10.1.3      KELVION HOLDING GMBH          188

10.1.3.1  Business overview 188

10.1.3.2  Products offered   188

10.1.3.3  Recent developments           189

10.1.3.3.1                Product launches  189

10.1.3.3.2                Others    189

10.1.3.4  MnM view              190

10.1.3.4.1                Key strengths        190

10.1.3.4.2                Strategic choices   190

10.1.3.4.3                Weaknesses and competitive threats 190

10.1.4      SPX FLOW            191

10.1.4.1  Business overview 191

10.1.4.2  Products offered   192

10.1.4.3  Recent developments           194

10.1.4.3.1                Product launches  194

10.1.4.3.2                Expansions             194

10.1.4.4  MnM view              195

10.1.4.4.1                Key strengths        195

10.1.4.4.2                Strategic choices   195

10.1.4.4.3                Weaknesses and competitive threats 195

10.1.5      XYLEM  196

10.1.5.1  Business overview 196

10.1.5.2  Products offered   197

10.1.5.3  Recent developments           198

10.1.5.3.1                Deals      198

10.1.5.4  MnM view              199

10.1.5.4.1                Key strengths        199

10.1.5.4.2                Strategic choices   199

10.1.5.4.3                Weaknesses and competitive threats 199

10.1.6      API HEAT TRANSFER      200

10.1.6.1  Business overview 200

10.1.6.2  Products offered   200

10.1.6.3  MnM view              202

10.1.7      BOYD    203

10.1.7.1  Business overview 203

10.1.7.2  Products offered   203

10.1.7.3  Recent developments           204

10.1.7.3.1                Deals      204

10.1.7.4  Expansions             205

10.1.7.5  MnM view              206

10.1.8      H. GÜNTNER (UK) LIMITED        207

10.1.8.1  Business overview 207

10.1.8.2  Products offered   207

10.1.8.3  Recent developments           208

10.1.8.3.1                Deals      208

10.1.8.4  MnM view              208

10.1.9      JOHNSON CONTROLS    209

10.1.9.1  Business overview 209

10.1.9.2  Products offered   210

10.1.9.3  Recent developments           210

10.1.9.3.1                Deals      210

10.1.9.4  MnM view              210

10.1.10   WABTEC CORPORATION              211

10.1.10.1                 Business overview 211

10.1.10.2                 Products offered   212

10.1.10.3                 Recent developments           212

10.1.10.3.1             Product launches  212

10.1.10.3.2             Deals      213

10.1.10.4                 MnM view              214

10.2         OTHER PLAYERS              215

10.2.1      BARRIQUAND TECHNOLOGIES THERMIQUES   215

10.2.2      CHART INDUSTRIES       216

10.2.3      FUNKE HEAT EXCHANGER APPARATEBAU          217

10.2.4      HISAKA WORKS, LTD.     218

10.2.5      RADIANT HEAT EXCHANGER PVT. LTD.                219

10.2.6      SWEP INTERNATIONAL AB          220

10.2.7      VAHTERUS OY  221

10.2.8      KAORI   222

10.2.9      DIVERSIFIED HEAT TRANSFER  222

10.2.10   HRS HEAT EXCHANGERS              223

10.2.11   ONDA   223

10.2.12   SECESPOL           224

10.2.13   HYDAC 224

10.2.14   BAODE 225

10.2.15   THERMOFIN      225

11            APPENDIX           226

11.1         DISCUSSION GUIDE        226

11.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                228

11.3         CUSTOMIZATION OPTIONS        230

11.4         RELATED REPORTS         230

11.5         AUTHOR DETAILS           231

LIST OF TABLES

TABLE 1                PLATE & FRAME HEAT EXCHANGER MARKET: INCLUSIONS & EXCLUSIONS       24

TABLE 2                PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET       50

TABLE 3                POWER GENERATION, BY COUNTRY, QUADRILLION BTU        51

TABLE 4                DEMAND FOR AIR CONDITIONING, BY COUNTRY (2023)               52

TABLE 5                CHEMICAL SALES – GLOBAL MARKET SHARE, 2023 (PERCENTAGE)       52

TABLE 6                PLATE & FRAME HEAT EXCHANGER MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2025–2026                 53

TABLE 7                LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  57

TABLE 8                AVERAGE SELLING PRICE, BY APPLICATION, 2022–2030 (USD/UNIT)   58

TABLE 9                PLATE & FRAME HEAT EXCHANGER MARKET: ECOSYSTEM       60

TABLE 10              GRANTED PATENTS ACCOUNT FOR 36% OF ALL PATENTS IN LAST 10 YEARS        61

TABLE 11              PATENTS BY LG ELECTRONICS INC.       63

TABLE 12              TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS                 64

TABLE 13              IMPORT DATA FOR HS CODE 841950-COMPLIANT PRODUCTS,

BY COUNTRY, 2022–2024                64

TABLE 14              EXPORT DATA FOR HS CODE 841950-COMPLIANT PRODUCTS,

BY COUNTRY, 2022–2024                65

TABLE 15              US ADJUSTED RECIPROCAL TARIFF RATES                 66

TABLE 16              KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR PLATE & FRAME HEAT EXCHANGER              67

TABLE 17              PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2022–2024 (USD MILLION)         71

TABLE 18              PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2025–2030 (USD MILLION)         71

TABLE 19              PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2022–2024 (UNIT)          72

TABLE 20              PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE, 2025–2030 (UNIT)          72

TABLE 21              PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            77

TABLE 22              PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            77

TABLE 23              PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2022–2024 (UNIT)        77

TABLE 24              PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION, 2025–2030 (UNIT)        78

TABLE 25              PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2022–2024 (UNIT)    84

TABLE 26              PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION, 2025–2030 (UNIT)    85

TABLE 27              PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION,

2022–2024 (USD MILLION)            85

TABLE 28              PLATE & FRAME HEAT EXCHANGER MARKET, BY REGION,

2025–2030 (USD MILLION)            85

TABLE 29              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (UNIT)                 87

TABLE 30              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (UNIT)                 87

TABLE 31              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (USD MILLION)               87

TABLE 32              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               88

TABLE 33              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (UNIT)          88

TABLE 34              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (UNIT)          88

TABLE 35              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (USD MILLION)         89

TABLE 36              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (USD MILLION)         89

TABLE 37              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        89

TABLE 38              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        90

TABLE 39              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       90

TABLE 40              ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       90

TABLE 41              CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              91

TABLE 42              CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              92

TABLE 43              CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            92

TABLE 44              CHINA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            92

TABLE 45              INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              93

TABLE 46              INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              94

TABLE 47              INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            94

TABLE 48              INDIA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            94

TABLE 49              JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              95

TABLE 50              JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              96

TABLE 51              JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            96

TABLE 52              JAPAN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            97

TABLE 53              SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        98

TABLE 54              SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        98

TABLE 55              SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       98

TABLE 56              SOUTH KOREA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       99

TABLE 57              REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        99

TABLE 58              REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        100

TABLE 59              REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       100

TABLE 60              REST OF ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       100

TABLE 61              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (UNIT)                 102

TABLE 62              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (UNIT)                 102

TABLE 63              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (USD MILLION)               102

TABLE 64              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               102

TABLE 65              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (UNIT)          103

TABLE 66              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (UNIT)          103

TABLE 67              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (USD MILLION)         103

TABLE 68              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (USD MILLION)         104

TABLE 69              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        104

TABLE 70              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        104

TABLE 71              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       105

TABLE 72              NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       105

TABLE 73              US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              106

TABLE 74              US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              106

TABLE 75              US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            107

TABLE 76              US: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            107

TABLE 77              CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              108

TABLE 78              CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              108

TABLE 79              CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            109

TABLE 80              CANADA: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            109

TABLE 81              MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              110

TABLE 82              MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              110

TABLE 83              MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            111

TABLE 84              MEXICO: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            111

TABLE 85              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY,

2022–2024 (UNIT)              113

TABLE 86              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY,

2025–2030 (UNIT)              113

TABLE 87              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            113

TABLE 88              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            114

TABLE 89              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE,

2022–2024 (UNIT)              114

TABLE 90              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE,

2025–2030 (UNIT)              114

TABLE 91              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE,

2022–2024 (USD MILLION)            115

TABLE 92              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY TYPE,

2025–2030 (USD MILLION)            115

TABLE 93              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              115

TABLE 94              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              116

TABLE 95              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            116

TABLE 96              EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            116

TABLE 97              GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              117

TABLE 98              GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              118

TABLE 99              GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            118

TABLE 100            GERMANY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            118

TABLE 101            FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              119

TABLE 102            FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              120

TABLE 103            FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            120

TABLE 104            FRANCE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            120

TABLE 105            UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              121

TABLE 106            UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              122

TABLE 107            UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            122

TABLE 108            UK: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            122

TABLE 109            ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              123

TABLE 110            ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              123

TABLE 111            ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            124

TABLE 112            ITALY: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            124

TABLE 113            SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              125

TABLE 114            SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              125

TABLE 115            SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            125

TABLE 116            SWEDEN: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            126

TABLE 117            REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        126

TABLE 118            REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        127

TABLE 119            REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       127

TABLE 120            REST OF EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       127

TABLE 121            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (UNIT)                 128

TABLE 122            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (UNIT)                 128

TABLE 123            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (USD MILLION)               129

TABLE 124            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               129

TABLE 125            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (UNIT)          129

TABLE 126            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (UNIT)          130

TABLE 127            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (USD MILLION)         130

TABLE 128            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (USD MILLION)         130

TABLE 129            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        131

TABLE 130            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        131

TABLE 131            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       131

TABLE 132            MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       132

TABLE 133            SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        133

TABLE 134            SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        133

TABLE 135            SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       133

TABLE 136            SAUDI ARABIA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       134

TABLE 137            UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (UNIT)              135

TABLE 138            UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (UNIT)              135

TABLE 139            UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2022–2024 (USD MILLION)            135

TABLE 140            UAE: PLATE & FRAME HEAT EXCHANGER MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            136

TABLE 141            REST OF GCC COUNTRIES: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        136

TABLE 142            REST OF GCC COUNTRIES: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        137

TABLE 143            REST OF GCC COUNTRIES: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       137

TABLE 144            REST OF GCC COUNTRIES: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       137

TABLE 145            REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        138

TABLE 146            REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        139

TABLE 147            REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       139

TABLE 148            REST OF MIDDLE EAST & AFRICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       139

TABLE 149            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (UNIT)                 140

TABLE 150            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (UNIT)                 140

TABLE 151            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2022–2024 (USD MILLION)               141

TABLE 152            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               141

TABLE 153            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (UNIT)          141

TABLE 154            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (UNIT)          141

TABLE 155            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2022–2024 (USD MILLION)         142

TABLE 156            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY TYPE, 2025–2030 (USD MILLION)         142

TABLE 157            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        142

TABLE 158            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        143

TABLE 159            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       143

TABLE 160            SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       144

TABLE 161            BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        145

TABLE 162            BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        145

TABLE 163            BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       145

TABLE 164            BRAZIL: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       146

TABLE 165            ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        147

TABLE 166            ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        147

TABLE 167            ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       147

TABLE 168            ARGENTINA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       148

TABLE 169            REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (UNIT)        149

TABLE 170            REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (UNIT)        149

TABLE 171            REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2022–2024 (USD MILLION)       149

TABLE 172            REST OF SOUTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       150

TABLE 173            COMPANIES ADOPTED ACQUISITIONS AND EXPANSIONS AS KEY GROWTH STRATEGIES BETWEEN JANUARY 2019 AND APRIL 2025       151

TABLE 174            PLATE & FRAME HEAT EXCHANGER MARKET: REVENUE ANALYSIS,

2022–2024 (USD BILLION)             153

TABLE 175            PLATE & FRAME HEAT EXCHANGER MARKET: INTENSITY OF COMPETITIVE RIVALRY 154

TABLE 176            MARKET EVALUATION MATRIX, 2024      156

TABLE 177            PLATE & FRAME HEAT EXCHANGER MARKET: REGION FOOTPRINT     159

TABLE 178            PLATE & FRAME HEAT EXCHANGER MARKET: TYPE FOOTPRINT            160

TABLE 179            PLATE & FRAME HEAT EXCHANGER MARKET: APPLICATION FOOTPRINT         161

TABLE 180            PLATE & FRAME HEAT EXCHANGER MARKET: DETAILED LIST OF KEY STARTUPS/SMES             164

TABLE 181            PLATE & FRAME HEAT EXCHANGER MARKET: COMPETITIVE BENCHMARKING

OF STARTUPS/SMES       165

TABLE 182            PLATE & FRAME HEAT EXCHANGER MARKET: PRODUCT LAUNCHES,

JANUARY 2019–APRIL 2025            166

TABLE 183            PLATE & FRAME HEAT EXCHANGER MARKET: DEALS, JANUARY 2019—MAY 2025              168

TABLE 184            PLATE & FRAME HEAT EXCHANGER MARKET: EXPANSIONS,

JANUARY 2019–APRIL 2025            171

TABLE 185            PLATE & FRAME HEAT EXCHANGER MARKET: OTHERS,

JANUARY 2019–APRIL 2025            173

TABLE 186            ALFA LAVAL: COMPANY OVERVIEW        174

TABLE 187            ALFA LAVAL: PRODUCT OFFERING         175

TABLE 188            ALFA LAVAL: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2025                178

TABLE 189            ALFA LAVAL: DEALS, JANUARY 2019–APRIL 2025                 179

TABLE 190            ALFA LAVAL: EXPANSIONS, JANUARY 2019–APRIL 2025           180

TABLE 191            DANFOSS: COMPANY OVERVIEW              182

TABLE 192            DANFOSS: PRODUCT OFFERING               183

TABLE 193            DANFOSS: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2025                185

TABLE 194            DANFOSS: DEALS, JANUARY 2019–APRIL 2025                 186

TABLE 195            KELVION HOLDING GMBH: COMPANY OVERVIEW          188

TABLE 196            KELVION HOLDING GMBH: PRODUCT OFFERING           188

TABLE 197            KELVION HOLDING GMBH: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2025   189

TABLE 198            KELVION HOLDING GMBH: OTHERS, JANUARY 2019–APRIL 2025                189

TABLE 199            SPX FLOW: COMPANY OVERVIEW            191

TABLE 200            SPX FLOW: PRODUCT OFFERING              192

TABLE 201            SPX FLOW: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2025                194

TABLE 202            SPX FLOW: EXPANSIONS, JANUARY 2019–APRIL 2025        194

TABLE 203            XYLEM: COMPANY OVERVIEW  196

TABLE 204            XYLEM: PRODUCT OFFERING    197

TABLE 205            XYLEM: DEALS, JANUARY 2019–APRIL 2025                 198

TABLE 206            API HEAT TRANSFER: COMPANY OVERVIEW                 200

TABLE 207            API HEAT TRANSFER: PRODUCT OFFERING                 200

TABLE 208            BOYD: COMPANY OVERVIEW     203

TABLE 209            BOYD: PRODUCT OFFERING      203

TABLE 210            BOYD: DEALS, JANUARY 2019–APRIL 2025                 204

TABLE 211            BOYD: EXPANSIONS, JANUARY 2019– APRIL 2025                 205

TABLE 212            H. GÜNTNER (UK) LIMITED: COMPANY OVERVIEW          207

TABLE 213            H. GÜNTNER (UK) LIMITED: PRODUCT OFFERING           207

TABLE 214            H. GÜNTNER (UK) LIMITED: DEALS, JANUARY 2019–APRIL 2025                208

TABLE 215            JOHNSON CONTROLS: COMPANY OVERVIEW                 209

TABLE 216            JOHNSON CONTROLS: PRODUCT OFFERING                 210

TABLE 217            JOHNSON CONTROLS: DEALS, JANUARY 2019 – APRIL 2025           210

TABLE 218            WABTEC CORPORATION: COMPANY OVERVIEW                 211

TABLE 219            WABTEC CORPORATION: PRODUCT OFFERING                 212

TABLE 220          WABTEC CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–APRIL 2025            212

TABLE 221            WABTEC CORPORATION: DEALS, JANUARY 2019–APRIL 2025                213

TABLE 222            BARRIQUAND TECHNOLOGIES THERMIQUES: COMPANY OVERVIEW   215

TABLE 223            CHART INDUSTRIES: COMPANY OVERVIEW                 216

TABLE 224            FUNKE HEAT EXCHANGER APPARATEBAU: COMPANY OVERVIEW   217

TABLE 225            HISAKA WORKS, LTD.: COMPANY OVERVIEW                 218

TABLE 226            RADIANT HEAT EXCHANGER PVT. LTD.: COMPANY OVERVIEW   219

TABLE 227            SWEP INTERNATIONAL AB: COMPANY OVERVIEW          220

TABLE 228            VAHTERUS OY: COMPANY OVERVIEW   221

TABLE 229            KAORI: COMPANY OVERVIEW    222

TABLE 230            DIVERSIFIED HEAT TRANSFER: COMPANY OVERVIEW          222

TABLE 231            HRS HEAT EXCHANGERS: COMPANY OVERVIEW                 223

TABLE 232            ONDA: COMPANY OVERVIEW    223

TABLE 233            SECESPOL: COMPANY OVERVIEW            224

TABLE 234            HYDAC: COMPANY OVERVIEW  224

TABLE 235            BAODE: COMPANY OVERVIEW  225

TABLE 236            THERMOFIN: COMPANY OVERVIEW       225

LIST OF FIGURES

FIGURE 1              PLATE & FRAME HEAT EXCHANGER MARKET: SEGMENTATION

AND REGIONAL SCOPE 24

FIGURE 2              PLATE & FRAME HEAT EXCHANGER MARKET: RESEARCH DESIGN         27

FIGURE 3              PLATE & FRAME HEAT EXCHANGER MARKET: BOTTOM-UP APPROACH              31

FIGURE 4              PLATE & FRAME HEAT EXCHANGER MARKET: TOP-DOWN APPROACH                31

FIGURE 5              PLATE & FRAME HEAT EXCHANGER MARKET: MARKET SIZE ESTIMATION

(BASE NUMBER CALCULATION)                32

FIGURE 6              DEMAND-SIDE FORECAST PROJECTIONS                 32

FIGURE 7              PLATE & FRAME HEAT EXCHANGER MARKET: DATA TRIANGULATION                33

FIGURE 8              GASKETED PLATE & FRAME HEAT EXCHANGERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD                35

FIGURE 9              HVAC & REFRIGERATION APPLICATION TO DOMINATE MARKET DURING

FORECAST PERIOD         36

FIGURE 10            ASIA PACIFIC TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD           37

FIGURE 11            HIGH GROWTH POTENTIAL IN ASIA PACIFIC DURING FORECAST PERIOD       38

FIGURE 12            HVAC & REFRIGERATION APPLICATION LED MARKET IN EUROPE      38

FIGURE 13            GASKETED PLATE & FRAME HEAT EXCHANGERS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD                39

FIGURE 14            HVAC & REFRIGERATION TO BE LARGEST APPLICATION DURING FORECAST PERIOD         39

FIGURE 15            INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       40

FIGURE 16            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    41

FIGURE 17            PLATE & FRAME HEAT EXCHANGER MARKET: VALUE CHAIN ANALYSIS               47

FIGURE 18            PORTER’S FIVE FORCES ANALYSIS: PLATE & FRAME HEAT EXCHANGER MARKET       48

FIGURE 19            KEY BUYING CRITERIA  54

FIGURE 20            AVERAGE SELLING PRICE, BY REGION, 2022–2030 (USD/UNIT)              58

FIGURE 21            AVERAGE SELLING PRICE, BY TOP THREE MARKET PLAYERS, 2024 (USD/UNIT)      59

FIGURE 22            ECOSYSTEM OF PLATE & FRAME HEAT EXCHANGER MARKET   60

FIGURE 23            PATENT PUBLICATION TRENDS FROM 2012 TO 2022        61

FIGURE 24            LEGAL STATUS OF PATENTS      62

FIGURE 25            TOP JURISDICTIONS, BY DOCUMENT    62

FIGURE 26            TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS               63

FIGURE 27            GASKETED PLATE & FRAME HEAT EXCHANGERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD         71

FIGURE 28            HVAC & REFRIGERATION APPLICATION TO WITNESS HIGHEST CAGR             76

FIGURE 29            INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD         84

FIGURE 30            ASIA PACIFIC: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT            86

FIGURE 31            NORTH AMERICA: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT            101

FIGURE 32            EUROPE: PLATE & FRAME HEAT EXCHANGER MARKET SNAPSHOT       112

FIGURE 33            PLATE & FRAME HEAT EXCHANGER MARKET SHARE, BY COMPANY, 2023          153

FIGURE 34            PLATE & FRAME HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX,

(KEY PLAYERS), 2024       157

FIGURE 35            PLATE & FRAME HEAT EXCHANGER MARKET: COMPANY FOOTPRINT 158

FIGURE 36            PLATE & FRAME HEAT EXCHANGER MARKET: STARTUP AND SME MATRIX, 2024             163

FIGURE 37            ALFA LAVAL: COMPANY SNAPSHOT       175

FIGURE 38            DANFOSS: COMPANY SNAPSHOT             183

FIGURE 39            SPX FLOW: COMPANY SNAPSHOT            192

FIGURE 40            XYLEM: COMPANY SNAPSHOT  197

FIGURE 41            JOHNSON CONTROLS: COMPANY SNAPSHOT                 209

FIGURE 42            WABTEC CORPORATION: COMPANY SNAPSHOT          211