Chicago, Feb. 29, 2024 (GLOBE NEWSWIRE) — The Plate and Tube Heat Exchanger Market size of the plate and tube heat exchanger market is projected to reach USD 884 million by 2028, at a CAGR of 6.5% from USD 645 million in 2023, as per the recent study by MarketsandMarkets™. The growing industrialization in emerging regions, coupled with stringent environmental and energy efficiency regulations, will contribute to the rapid growth in the demand for plate and tube heat exchangers.
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Browse in-depth TOC on ” Plate and Tube Heat Exchanger Market”
310 – Market Data Tables
149 – Figures
278 – Pages
List of Key Players in Plate and Tube Heat Exchanger Market:
Alfa Laval (Sweden)
Kelvion Holding GmbH (Germany)
API Heat Transfer (US)
HRS Heat Exchanger (UK)
SPX Flow (US)
Danfoss (Denmark)
HFM Plate Heat Exchanger (China)
Xylem (US)
Wabtec Corporation (US)
Thermex (UK)
Drivers, Opportunities and Challenges in Plate and Tube Heat Exchanger Market:
Drivers: Stringent environmental and energy efficiency regulations.
Restraint: Traditional design preferences
Opportunity: Increasing number of nuclear power plants
Challenge: High capital cost
Key Findings of the Study:
Stainless Steel segment is projected to grow at fastest CAGR, in terms of value, during the forecast period
Asia Pacific is expected to be the fastest growing market for plate and tube heat exchanger during the forecast period, in terms of value
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Based on material type, the plate and tube heat exchanger market has been segmented into stainless steel, titanium alloy, copper, aluminum, nickel alloys and others. Stainless steel, prized for its corrosion resistance and robustness, finds widespread use across industries like chemical processing, food & beverage, pharmaceuticals, and HVAC. Its durability and hygienic properties make it ideal for applications demanding prolonged equipment lifespan and product purity. On the other hand, titanium alloys are renowned for exceptional corrosion …