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Brazed Plate Heat Exchangers Market Is Projected To Reach $1.4 Billion By 2025: Grand View Research, Inc.

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Brazed Plate Heat Exchangers Market Is Projected To Reach $1.4 Billion By 2025: Grand View Research, Inc.

September 26
02:44 2019
Brazed Plate Heat Exchangers Market Is Projected To Reach $1.4 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The global brazed plate heat exchangers market size was valued at USD 859.1 million in 2018 and is estimated to progress at a CAGR of 7.5% by 2025.

The global brazed plate heat exchangers market size is anticipated to be valued at USD 1.4 billion by 2025, accelerating at a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising urbanization and infrastructure developments have resulted in an increased demand for heat management systems. As a result, the demand for this market is likely to boost over the forecast period.

The small footprint of brazed plate heat exchangers has resulted in their high adoption rate in industries including HVAC, chemical, petrochemical, oil & gas, power generation, and pharmaceuticals. These exchangers offer low maintenance cost and are energy efficient. Increasing demand for energy-saving products is expected to further boost the market growth over the forecast period.

U.S. Brazed Plate Heat Exchangers Market Size, By Product, 2014 - 2025 (USD Million)

Single circuit segment was valued at USD 298.3 million in 2018 and it is expected to reach USD 470.8 million by 2025. Single circuit brazed plate heat exchangers are used for water heating applications and are highly utilized for the construction of heat pumps. Multi-circuit was the dominant segment in 2018, valued at USD 560.8 million, and it is expected to reach USD 950.0 million over the forecast period. Multi-circuit brazed plate heat exchangers are majorly used in industries with high production levels.

HVAC application segment was valued at USD 209.1 million in 2018 and is expected to be valued at USD 377.1 million over the forecast period. Brazed plate heat exchangers are highly adopted by the HVAC industry owing to their small footprint and energy efficiency. Increasing construction of residential and commercial buildings has resulted in an increased demand for HVAC systems, which, in turn, has triggered the product demand.

The U.S. is expected to be the largest market by 2025 owing to an increase in the construction of residential and commercial buildings and increasing establishment of industries. Germany is expected to be the second-largest market over the forecast period owing to high rate of infrastructural development. Increasing investments in infrastructure development in Asia Pacific region are expected to boost market growth in the region over the forecast period.

Access Full Insights Report: https://www.grandviewresearch.com/industry-analysis/brazed-plate-heat-exchangers-market

Further key findings from the report suggest:

  • The U.S. market, in terms of revenue, is projected to progress at a rate of 8.5% over the forecast period

  • German market was valued at USD 113.3 million in 2018 and is expected to reach USD 188.3 million over the forecast period

  • Industrial application segment was valued at USD 219.5 million in 2018 and it is expected to reach USD 336.8 million by 2025 with the increasing product demand in this segment

  • As of 2018, India was among the largest markets in Asia Pacific and is expected to reach USD 125.8 million over the forecast period.

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/6555/ibb

Grand View Research has segmented the global brazed plate heat exchangers market on the basis of product, application, and region:

Brazed Plate Heat Exchangers Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Single Circuit

  • Multi Circuit

Brazed Plate Heat Exchangers ApplicationOutlook (Revenue, USD Million, 2014 – 2025)

  • HVAC

  • Industrial

  • Others

Brazed Plate Heat Exchangers Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • Middle East and Africa

    • Saudi Arabia

    • UAE

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
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City: San Francisco
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Country: United States
Website: www.grandviewresearch.com/industry-analysis/brazed-plate-heat-exchangers-market