Brazed Plate Heat Exchangers Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report By 2025
“The global brazed plate heat exchangers market size was accounted for USD 859.1 million in 2018. It is expected to witness growth with a CAGR of 7.5% over the forecasted years, 2019 to 2025.”
The global Brazed Plate Heat Exchangers Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: 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. Key Players: The market of such heat exchangers is competitive in nature while the key players in the market are Danfoss A/S; Alfa Laval AB; SWEP International AB; and SPX flow, Inc. They are continuously investing in research and development to gain a competitive advantage over other players. In addition, several marketing strategies are being implemented by these players to expand their business, widen their product reach, and product portfolio. Growth Drivers: 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.