Brazed Plate Heat Exchangers Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMICT4809 | Last Updated On: Apr 05 2022 | Available Formats

> Global Brazed Plate Heat Exchangers Market Expected to reach a high CAGR By 2029: DataM Intelligence

Brazed Plate Heat Exchangers Market  is Segmented By Product (Single Circuit, Multi-Circuit), By Material (Copper, Aluminum, Stainless Steel, Others), By Application (Evaporator, Condenser, Economizer), By End-User (HVAC, Chemical, Food & Beverage, Power, Heavy Industries, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The global brazed plate heat exchangers market has reached at a CAGR during the forecast period 2022-2029.

Brazed plate heat exchangers are liquid-to-liquid heat exchangers that are compact, highly efficient and long-lasting. The heat exchangers can be utilized for both heating and cooling. Though, industries employ cooling functions more than heating to avoid overheating volatile substances damaging equipment.

Heat exchangers are stacked brazed plates that are often corrugated to increase surface area and heat transfer. The efficient counterflow design of brazed plate heat exchangers allows 90% of the material for heat transmission. The heat exchangers can be up to 80% to 90% smaller than traditional shell-and-tube designs. Therefore, the market is thriving due to the advantages of brazed plate heat exchangers, such as their small footprint, low maintenance cost and cost-efficiency.

Source: DataM Intelligence Analysis (2022)

Market Dynamics

High efficiency with lower life-cycle costs drives the market of brazed plate heat exchangers over conventional plate heat exchangers. However, brazed plate heat exchangers' demountable nature is likely to restrain the market.

High efficiency with lower life-cycle costs drive the market of brazed plate heat exchangers over conventional plate heat exchangers

One of the most typical issues with conventional plate heat exchangers is an erratic supply of all parallel channels. The fluid spreads more in the initial channels than the last to balance the pressure drop. Furthermore, as the number of plates increases, even distribution decreases, resulting in a drop in the exchanger's total performance.

On the other hand, brazed plate heat exchangers are one of the most efficient heat transmission methods. They are intended to give an unrivaled performance at the lowest possible life-cycle cost. Furthermore, because the plates are furnace brazed at 1100°C, these heat exchangers lack headers, tie bars and sealing gaskets. As a result, the brazed plate heat exchangers are more compact, lighter and less bulky than one with gaskets.

Therefore, brazed plate heat exchangers are now widely utilized due to their advantages, such as their small footprint, low maintenance cost and cost-efficiency over many industries, including HVAC, heavy industries and power generation.

The demountable nature of brazed plate heat exchangers is likely to restraint the market

The fundamental disadvantage of brazed plate heat exchangers is that they are not removable or demountable, making maintenance and cleaning impossible or difficult. There is no flexibility because the number of plates cannot be changed. Furthermore, pressure loss is another problem while utilizing the brazed plate heat exchangers. To accomplish the desired tiny pressure drop, one must simultaneously use numerous brazed plate heat exchangers, which raises the volume and, consequently, the overall expense.

COVID-19 Impact Analysis

HVAC is one of the significant industries that uses brazed plate heat exchangers. The pandemic wreaked havoc on practically every industry, including HVAC. According to data from Associated Builders and Contractors (ABC), the beginning of the year saw the most difficulties for nonresidential development. The pandemic caused a 4.8% drop in the GDP of U.S. in the first quarter of 2020 alone.

However, the HVAC industry's future appears bright as demand continues to soar and the economy emerges from the depths of the recession. The increased ubiquity of the vaccine and decreased uncertainty surrounding HVAC projects will help businesses prosper after a particularly difficult year.

Segment Analysis

Based on material, the global brazed plate heat exchangers market is segmented into copper, aluminum, stainless steel and others.

Copper is the most thermally conductive common metal. The metal boasts a thermal conductivity of pure copper is 386.00 W/(mK) at 20°C, which, combined with its relatively low specific heat of roughly 0.385 J/g°C, accounts for its prominence in heat exchangers. As a result, copper brazed plate heat exchangers offer efficient heat transfer while maintaining a modest footprint. The brazed plate heat exchangers require no maintenance, have a long service life and resist high temperatures and exceptionally high design pressures. In addition, the heat exchangers are utilized for various cooling, heating, evaporation and condensing tasks.

However, copper has less flexibility than aluminum, making it more difficult to mold into certain shapes. As a result, designers working on a plate-fin exchanger, a form of heat exchanger that combines plates and finned chambers to transfer heat between fluids, may discover that aluminum is a superior fit for the fins.

Source: DataM Intelligence Analysis (2022)

Geographical Analysis

Based on geography, the global brazed plate heat exchangers market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.

Europe is projected to have a significant market share due to rising HVAC and industrial sectors that use heat exchangers in water treatment, power generation and other applications. Germany, Italy and France are expected to impact the global brazed plate heat exchangers market. The countries include several major companies in the brazed plate heat exchangers market, including Alfa Laval, Danfoss, SWEP and Kelvion.

In October 2019, SWEP, a Sweden-based company, added a new pressure class model, B427-Y, to their brazed plate heat exchangers lineup. The new type is intended for clients that require low-pressure heat exchangers. Similarly, in July 2016, Danfoss acquired Sondex Holding A/S, a global maker of heat transfer equipment. The acquisition aided the company in improving its product range and fortifying its position in the brazed plate heat exchangers industry.

Furthermore, rising government investments in infrastructure development are likely to enhance product demand in the region. Increasing infrastructure development, such as offices, buildings and industries, is predicted to increase demand for HVAC systems and, as a result, demand for brazed plate heat exchangers.

Source: DataM Intelligence Analysis (2022)

Competitive Landscape

The global brazed plate heat exchangers market is consolidated and highly competitive with multinational businesses. The major companies include Alfa Laval, Kelvion, SWEP, Danfoss, Xylem, API Heat Transfer, Boyd Corporation, Hisaka Works, Kaori and Paul Mueller Company. The major players in the market are known to incorporate numerous market strategies to achieve growth in the global brazed plate heat exchangers market; these include mergers, acquisitions, product launches, contributions and collaborations.

Alfa Laval

Overview: Alfa Laval is a Europe-based company specializing in developing specialist products and solutions for heavy industry. The company is headquartered in Lund, Sweden. Further, Alfa Laval has subsidiaries in more than 35 countries globally.

Product Portfolio: Alfa Laval offers copper brazed plate heat exchangers that deliver efficient heat transfer with a small footprint. The products are available in both single- and multi-circuit

Key Development:

  • In October 2019, Alfa Laval introduced the CB210, a new brazed plate heat exchangers variant. In this new model, the company has added various new technological elements which will give more capacity in the same area while also increasing the thermal efficiency of a heating or cooling system.

Why Purchase the Report?

  • To visualize the global brazed plate heat exchangers market segmentation by product, material, application, end-user and region and understand key commercial assets and players.
  • Identify commercial opportunities in the global brazed plate heat exchangers market by analyzing trends and co-development.
  • Excel data sheet with numerous data points of brazed plate heat exchangers market-level with four segments.
  • PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
  • Product mapping available as excel consisting of key products of all the major market players

The global brazed plate heat exchangers market report would provide approximately 69 tables, 65 figures and almost 182 pages.

Target Audience 2022

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • HVAC Manufacturers
  • Research Professionals
  • Heavy Industries

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