Plate and Frame Heat Exchanger Market Size, Share, Trends, Industry Analysis Report By Product (Brazed, Gasketed, Welded, and Others), By End Use, and By Region

Description

List of Tables

The plate and frame heat exchanger market size is expected to reach USD 11.56 Billion by 2034, according to a new study by Polaris Market Research. The report "Plate and Frame Heat Exchanger Market Size, Share, Trends, Industry Analysis Report By Product (Brazed, Gasketed, Welded, and Others), By End Use, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The plate and frame heat exchanger market is witnessing steady growth, driven by rising demand for efficient heat transfer solutions, increasing industrialization, and expanding energy and process-intensive industries worldwide.

Manufacturers and end users are increasingly adopting high-performance plate and frame heat exchangers for applications in chemical processing, HVAC systems, power generation, and food and beverage industries, ensuring optimal thermal efficiency, reduced energy consumption, and reliable operation across diverse industrial processes.

Plate and Frame Heat Exchanger Market Report Highlights

In terms of type product, the gasketed segment dominated the market in 2024, owing to its flexibility, ease of maintenance, and widespread use across chemical, food & beverage, and HVAC applications.

Based on end use, the chemical industry segment held a major share, driven by growing demand for precise thermal management in processing and manufacturing operations.

Asia Pacific dominated the global market in 2024, supported by rapid expansion in chemical, petrochemical, and food & beverage industries requiring efficient heat exchange solutions.

North America is expected to grow rapidly, fueled by increasing adoption of energy-efficient heat exchange systems across chemical, oil & gas, food processing, and pharmaceutical sectors.

A few key global players include ALFA LAVAL AB, API Heat Transfer Inc., Barriquand Group, BCHeat Exchanger Holding GmbH, Danfoss A/S, Elanco Heat Transfer Systems, Gooch Thermal Systems, Inc., HFM Plate Heat Exchanger Co., Ltd., HISAKA WORKS, LTD., Kelvion Holding GmbH, Kinam Engineering Pvt. Ltd., Nexson Group, Shineheat Corp., SPX FLOW, Inc., and Tranter Inc.

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Polaris Market Research has segmented the market report on the basis of type, product, services, workflow, therapeutic area, end use, and region:

By Product Outlook (Revenue, USD Billion, 2020-2034)

Brazed

Gasketed

Welded

Welded HE

Welded Plate & Block

Welded Spiral

Welded Shell & Plate

Others

By End Use Outlook (Revenue, USD Billion, 2020-2034)

Chemical

Oil & Gas

Food & Beverage

HVAC & refrigeration

Power Generation

Pulp & Paper

Others

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM4506

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Plate and Frame Heat Exchanger Market Insights

4.1. Plate and Frame Heat Exchanger Market - Market Snapshot
4.2. Plate and Frame Heat Exchanger Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Advancements in Materials and Design
  - 4.2.1.2. Industrialization and Urbanization Driving Demand
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Fouling and Maintenance Cost
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Plate and Frame Heat Exchanger Market Trends
4.6. Value Chain Analysis

5. Plate and Frame Heat Exchanger Market, by

5.1. Key Findings
5.2. Introduction
- 5.2.1. Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
5.3. Brazed
- 5.3.1. Plate and Frame Heat Exchanger Market, by Brazed, by Region, 2020-2034 (USD Billion)
5.4. Gasketed
- 5.4.1. Plate and Frame Heat Exchanger Market, by Gasketed, by Region, 2020-2034 (USD Billion)
5.5. Welded
- 5.5.1. Plate and Frame Heat Exchanger Market, by Welded, by Region, 2020-2034 (USD Billion)
  - 5.5.1.1. Plate and Frame Heat Exchanger Market, by Welded HE, by Region, 2020-2034 (USD Billion)
  - 5.5.1.2. Plate and Frame Heat Exchanger Market, by Welded Plate & Block, by Region, 2020-2034 (USD Billion)
  - 5.5.1.3. Plate and Frame Heat Exchanger Market, by Welded Spiral, by Region, 2020-2034 (USD Billion)
  - 5.5.1.4. Plate and Frame Heat Exchanger Market, by Welded Shell & Plate, by Region, 2020-2034 (USD Billion)
5.6. Others
- 5.6.1. Plate and Frame Heat Exchanger Market, by Others, by Region, 2020-2034 (USD Billion)

6. Plate and Frame Heat Exchanger Market, by End Use

6.1. Key Findings
6.2. Introduction
- 6.2.1. Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
6.3. Chemical
- 6.3.1. Plate and Frame Heat Exchanger Market, by Chemical, by Region, 2020-2034 (USD Billion)
6.4. Oil & Gas
- 6.4.1. Plate and Frame Heat Exchanger Market, by Oil & Gas, by Region, 2020-2034 (USD Billion)
6.5. Food & Beverage
- 6.5.1. Plate and Frame Heat Exchanger Market, by Food & Beverage, by Region, 2020-2034 (USD Billion)
6.6. HVAC & refrigeration
- 6.6.1. Plate and Frame Heat Exchanger Market, by HVAC & refrigeration, by Region, 2020-2034 (USD Billion)
6.7. Power Generation
- 6.7.1. Plate and Frame Heat Exchanger Market, by Power Generation, by Region, 2020-2034 (USD Billion)
6.8. Pulp & Paper
- 6.8.1. Plate and Frame Heat Exchanger Market, by Pulp & Paper, by Region, 2020-2034 (USD Billion)
6.9. Others
- 6.9.1. Plate and Frame Heat Exchanger Market, by Others, by Region, 2020-2034 (USD Billion)

7. Plate and Frame Heat Exchanger Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Plate and Frame Heat Exchanger Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. Plate and Frame Heat Exchanger Market - North America
- 7.3.1. North America: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
- 7.3.2. North America: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.3.3. Plate and Frame Heat Exchanger Market - U.S.
  - 7.3.3.1. U.S.: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.3.3.2. U.S.: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.3.4. Plate and Frame Heat Exchanger Market - Canada
  - 7.3.4.1. Canada: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
7.4. Plate and Frame Heat Exchanger Market - Europe
- 7.4.1. Europe: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
- 7.4.2. Europe: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.3. Plate and Frame Heat Exchanger Market - UK
  - 7.4.3.1. UK: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.4. Plate and Frame Heat Exchanger Market - France
  - 7.4.4.1. France: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.5. Plate and Frame Heat Exchanger Market - Germany
  - 7.4.5.1. Germany: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.6. Plate and Frame Heat Exchanger Market - Italy
  - 7.4.6.1. Italy: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.7. Plate and Frame Heat Exchanger Market - Spain
  - 7.4.7.1. Spain: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.8. Plate and Frame Heat Exchanger Market - Netherlands
  - 7.4.8.1. Netherlands: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.9. Plate and Frame Heat Exchanger Market - Russia
  - 7.4.9.1. Russia: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.4.10. Plate and Frame Heat Exchanger Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
7.5. Plate and Frame Heat Exchanger Market - Asia Pacific
- 7.5.1. Asia Pacific: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.3. Plate and Frame Heat Exchanger Market - China
  - 7.5.3.1. China: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.4. Plate and Frame Heat Exchanger Market - India
  - 7.5.4.1. India: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.5. Plate and Frame Heat Exchanger Market - Malaysia
  - 7.5.5.1. Malaysia: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.6. Plate and Frame Heat Exchanger Market - Japan
  - 7.5.6.1. Japan: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.7. Plate and Frame Heat Exchanger Market - Indonesia
  - 7.5.7.1. Indonesia: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.8. Plate and Frame Heat Exchanger Market - South Korea
  - 7.5.8.1. South Korea: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.9. Plate and Frame Heat Exchanger Market - Australia
  - 7.5.9.1. Australia: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.5.10. Plate and Frame Heat Exchanger Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
7.6. Plate and Frame Heat Exchanger Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.6.3. Plate and Frame Heat Exchanger Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.6.4. Plate and Frame Heat Exchanger Market - UAE
  - 7.6.4.1. UAE: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.6.5. Plate and Frame Heat Exchanger Market - Israel
  - 7.6.5.1. Israel: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.6.6. Plate and Frame Heat Exchanger Market - South Africa
  - 7.6.6.1. South Africa: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.6.7. Plate and Frame Heat Exchanger Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
7.7. Plate and Frame Heat Exchanger Market - Latin America
- 7.7.1. Latin America: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.7.3. Plate and Frame Heat Exchanger Market - Mexico
  - 7.7.3.1. Mexico: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.7.4. Plate and Frame Heat Exchanger Market - Brazil
  - 7.7.4.1. Brazil: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.7.5. Plate and Frame Heat Exchanger Market - Argentina
  - 7.7.5.1. Argentina: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)
- 7.7.6. Plate and Frame Heat Exchanger Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Plate and Frame Heat Exchanger Market, by Product, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Plate and Frame Heat Exchanger Market, by End Use, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. ALFA LAVAL AB
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. API Heat Transfer Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Barriquand Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. BCHeat Exchanger Holding GmbH
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Danfoss A/S
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Elanco Heat Transfer Systems
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Gooch Thermal Systems, Inc.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. HFM Plate Heat Exchanger Co., Ltd.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. HISAKA WORKS, LTD.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Kelvion Holding GmbH
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Kinam Engineering Pvt. Ltd.
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Nexson Group
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development