Brazed Plate Heat Exchangers Market Worth $1.4 Billion By 2025 “The global brazed plate heat exchangers market size is anticipated to reach USD 1.4 billion by the end of 2025. It is anticipated to register growth with a CAGR of 7.5% during the forecasted period, 2019 to 2025.This growth can be attributed to the rapid urbanization and increasing infrastructure development which in turn is fueling the demand for refrigeration and air conditioning systems across the globe.”
The global brazed plate heat exchangers market size is anticipated to reach USD 1.4 billion by the end of 2025. It is anticipated to register growth with a CAGR of 7.5% during the forecasted period, 2019 to 2025.This growth can be attributed to the rapid urbanization and increasing infrastructure development which in turn is fueling the demand for refrigeration and air conditioning systems across the globe. In addition, several other benefits like smaller footprints, low maintenance cost, and free from leakage are expected to fuel up the demand for these heat exchangers. Moreover, usage of vacuum brazing processes in manufacturing of such products for providing better strength to the joints also adds up to the surging demand among various industrial applications thereby fueling is demand. The multi circuit held the largest share of around 65.3% across the global market due to its several features like energy efficient, smaller footprints and low cost of maintenance. The single-circuit product segment created revenue of USD 298.3 Million owing to its surging demand across water heating and heating pump applications. The HVAC application segment is anticipated to generate USD 337.0 Million by the end of 2025 owing to rising demand for electric appliances like air conditioners and refrigerators across te developed and developing regions across the globe. On the other hand, the industrial application segment is anticipated to held 25.5% share across the global market due to rising usage of such heat exchangers across several petrochemicals, chemical, power generation, pharmaceutical industries. Europe is expected to hold a share of 34.1% across the global market owing to surging concept of industrialization across several countries like Italy, France, and Germany. Moreover, increasing infrastructure activities across Asia Pacific and North America are projected to fuel up the demand for such heat exchangers in the upcoming years.
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