PUBLISHER: Grand View Research | PRODUCT CODE: 1842380
PUBLISHER: Grand View Research | PRODUCT CODE: 1842380
The global plate and frame heat exchanger market size was estimated at USD 6.13 billion in 2024 and is projected to reach USD 10.82 billion by 2033, growing at a CAGR of 6.8% from 2025 to 2033. The rising demand for energy-efficient thermal systems across industrial, commercial, and HVAC applications is a major market driver.
Industries are increasingly adopting these systems due to their compact design, high heat transfer efficiency, and lower maintenance costs compared to traditional shell-and-tube exchangers. Another key driver is the growing use of plate and frame heat exchangers in renewable energy and wastewater treatment applications. The increasing focus on sustainable technologies, coupled with government regulations supporting green energy, is fueling their use in geothermal, biomass, and district heating systems.
In addition, the rising demand for clean water and efficient wastewater reuse in both developed and emerging economies strengthens the market growth, positioning these exchangers as critical components in modern industrial infrastructure.
Global Plate And Frame Heat Exchanger Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global plate and frame heat exchanger market report based on product, end use, and region: