At 8.5% CAGR, Europe Brazed Plate Heat Exchangers Market is Projected to be worth US$ 699.86 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe brazed plate heat exchangers market was valued at US$ 364.64 million in 2022 and is projected to reach US$ 699.86 million by 2030, registering a CAGR of 8.5% from 2022 to 2030. Growing pharmaceutical industry and increasing adoption of new technologies are among the critical factors attributed to drive the Europe brazed plate heat exchangers market growth.

New technologies are creating new applications for brazed plate heat exchangers, making brazed plate heat exchangers more efficient and reliable. For example, brazed plate heat exchangers are being used in new types of energy storage systems and to recycle waste heat from industrial processes. Also, new brazing materials and manufacturing processes are making it possible to develop brazed plate heat exchangers that can withstand higher temperatures and pressures. Brazed plate heat exchangers are being used in thermal batteries, phase change material (PCM) storage systems, and other new types of energy storage systems. These energy storage systems can store heat or cold energy for later use, which can help to enhance energy efficiency and reduce energy costs. They are used to recycle waste heat from industrial processes. This waste heat can be used to generate electricity, heat buildings, or provide hot water for industrial processes. New brazing materials and manufacturing processes are making it easy to develop brazed plate heat exchangers that can withstand higher temperatures and pressures. It is creating new opportunities for brazed plate heat exchangers in various industries, such as power generation, oil & gas, and petrochemicals. New technologies are creating applications for brazed plate heat exchangers, making them more efficient, reliable, and affordable. Thus, the increasing adoption of new technologies is likely to create a major opportunity for the brazed plate heat exchanger market in the coming years.

On the contrary, limited availability of skilled technicians hampers the growth of Europe brazed plate heat exchangers market.

Based on product, the Europe brazed plate heat exchangers market is bifurcated into single circuit and multi circuit. The multi circuit segment held 70.1% market share in 2022, amassing US$ 255.43 million. It is projected to garner US$ 499.18 million by 2030 to register 8.7% CAGR during 2022-2030.

In terms of application, the Europe brazed plate heat exchangers market is segmented into condenser, economizer, evaporator, and others. The evaporator segment held 52.1% share of Europe brazed plate heat exchangers market in 2022, amassing US$ 190.02 million. It is anticipated to garner US$ 365.12 million by 2030 to expand at 8.5% CAGR during 2022-2030.

By end-use industry, the Europe brazed plate heat exchangers market is divided into HVACR, chemical, food & beverage, power, heavy industries, IT & telecommunication, others. The HVACR segment held 36.4% share of Europe brazed plate heat exchangers market in 2022, amassing US$ 132.55 million. It is projected to garner US$ 279.42 million by 2030 to expand at 9.8% CAGR from 2022 to 2030.

Based on country, the Europe brazed plate heat exchangers market is categorized into Germany, France, Italy, Russia, the UK, and the Rest of Europe. Our regional analysis states that Germany captured 27.2% share of Europe brazed plate heat exchangers market in 2022. It was assessed at US$ 99.29 million in 2022 and is likely to hit US$ 206.81 million by 2030, registering a CAGR of 9.6% during 2022-2030.

Key players operating in the Europe brazed plate heat exchangers market are Alfa Laval AB, Chart Industries Inc, Danfoss AS, Kelvion Holding GmbH, Paul Mueller Co, SWEP International AB, and Xylem Inc, among others.

• In August 2023, SWEP launched the B8DW unit as the latest addition to the range of double wall heat exchangers, designed for applications requiring improved leak protection.
  
  
• In February 2022, Alfa Laval launched the new Alfa Laval AC540 brazed plate heat exchanger at its first online net-zero launch event, where it showcased new, cutting-edge thinking in energy-efficiency, clean energy, and circular-economy solutions.
  
  
  
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