SWEP (Sweden) and Alfa Laval (Sweden) are the Key Players in the Brazed Plate Heat Exchangers Market

Brazed Plate Heat Exchangers Market Brazed Plate Heat Exchangers Market by Application, End-use Industry, and Region - Global Forecast to 2024

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Introduction • The BPHEs market is expected to grow from USD 799 million in 2019 to USD 1,120 million by 2024, at a CAGR of 7.0%.

• Browse 73 market data Tables and 34 Figures spread through 106 Pages and in-depth TOC on "Brazed Plate Heat Exchangers Market by Application, End-use Industry, and Region - Global Forecast to 2024".

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Drivers • The major factors driving the BPHEs market include growth of the global construction sector and increasing use of HVACR systems in the sector along with technological developments in BPHEs. • The major driving factors for the market are growth of global construction sector and increasing use of HVACR systems in this sector.

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Industry Insights ❖The global construction sector is growing rapidly, owing to the increasing focus and investments in the sector. ❖This growth of the sector is expected to increase the demand of HVACR systems. BPHEs are used in HVACR systems, and hence, the BPHEs market in HVACR industry is expected to witness the highest growth rate. ❖On the basis of end-use industry, the BPHEs market is segmented into HVACR, chemical, food & beverage, power, heavy industries, and others.

❖The HVACR industry is expected to grow rapidly owing to increasing demand from the global construction sector. ❖The global construction sector is growing, owing to globalization, urbanization, rising standard of living, increasing purchasing power parity (PPP), infrastructural development, and increasing need for construction of megacities in emerging countries.

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Key Questions Addressed ✓ What are the upcoming hot bets for the BPHEs market? ✓ How are the market dynamics changing for different types of BPHEs? ✓ How are the market dynamics changing for different end-use industries of BPHEs? ✓ Who are the major manufacturers of BPHEs? ✓ How are the market dynamics changing for different regions of BPHEs?

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Recent Developments • In October 2019, Alfa Laval launched a new BPHE model, CB210. The company has now integrated several new technological features for BPHEs in this new model. This new model will provide increased capacity in the same footprint and will also boost the thermal efficiency of a heating or cooling system. This will help the company to meet the continuously rising demand for highquality BPHEs.

• In October 2019, SWEP introduced a new pressure class model, B427-Y, in its range of BPHEs. This new model is designed particularly for customers who do not need a product that can withstand high pressure like other BPHEs. This new development will help the company to meet the specific needs of customers.

• In July 2016, Danfoss acquired Sondex Holding A/S (Denmark), a global manufacturer of heat transfer products. This acquisition helped the company to improve its product offering and strengthen its position in the BPHEs market.

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