Plate and Frame Heat Exchanger Market Size, Industry Share, Price Trends, Capacity Forecasts to 2022

Hexa Reports

Market Research Reports and Insightful Company Profiles

Plate and Frame Heat Exchanger Industry Share and Size,

Market Analysis, Trends and Growth, End-use And Segment

Forecasts To 2022

The global plate and frame heat exchanger market is expected to reach USD 5.99 billion by 2022,

according to a new report by Grand View Research, Inc. Growing awareness towards energy efficiency

coupled with construction space constraints is expected to drive the market over the forecast period.

Surging demand for thermal management in district heating applications is expected to drive product

significance in commercial and residential sectors over the long term.

Technological advancements along with surging requirement for heat recovery utilities in chemical, food

& beverage and HVAC sectors is expected to steer plate and frame heat exchangers market growth.

Growing energy efficient utilities need along with expanding power generation infrastructure in

economies including India, Vietnam, China and Thailand is anticipated to drive market growth.

Browse Detail Report With TOC @

http://www.hexareports.com/report/plate-and-frame-heat-exchanger-market/details

Welded systems emerged as the leading product segment and accounted for over 20% of total market

revenue in 2014. Owing to its widespread use in oil & gas, automobile, pharmaceuticals, petrochemicals

and paper manufacturing industries, the segment is expected to gain share over other counterparts over

Hexa Reports

Market Research Reports and Insightful Company Profiles

the next seven years. This product segment is anticipated to increase penetration in oil & gas industry

owing to reduced chance of leakage and enhanced corrosion resistance.

Further key findings from the report suggest:

Global plate & frame heat exchanger market was worth USD 3.41 billion in 2014 and is expected to

reach USD 5.99 billion by 2022, at a CAGR of 7.3% from 2015 to 2022

Chemicals emerged as the leading end-use industry with demand share...