Asia Pacific Brazed Plate Heat Exchangers Market Forecast to 2030

Asia Pacific Brazed Plate Heat Exchangers Market Forecast to 2030 – Regional Analysis – by Product (Single Circuit and Multi Circuit), Application (Condenser, Economizer, Evaporator, and Others), and End-Use Industry (HVACR, Chemical, Food & Beverage, Power, Heavy Industries, IT & Telecommunication, and Others)

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Description

The Asia Pacific brazed plate heat exchangers market was valued at US$ 285.74 million in 2022 and is expected to reach US$ 573.02 million by 2030; it is estimated to register a CAGR of 9.1% from 2022 to 2030.

Increasing Government Initiatives for Energy Efficiency Boost Asia Pacific Brazed Plate Heat Exchangers Market

Governments of various countries across the globe are implementing stringent regulations in order to reduce greenhouse gas emissions and promote energy conservation. Stringent regulatory standards globally aimed at reducing energy consumption and environmental impact have compelled industries to focus on energy-efficient solutions. Governments of various countries offer financial incentives, such as tax breaks and rebates, to businesses and homeowners that invest in energy-efficient upgrades. It is making brazed plate heat exchangers more affordable and attractive to consumers. These government bodies are also conducting awareness campaigns and programs to educate consumers about the benefits of energy efficiency. This helps increase demand for brazed plate heat exchangers as consumers are becoming increasingly aware of the cost savings and environmental benefits of these products. The Indian government’s National Mission on Energy Efficiency (NMEEE) aims to reduce India’s energy consumption by 20% by 2030. The NMEEE includes a number of initiatives to promote energy efficiency in various industries, buildings, and transportation sectors. This is driving the demand for energy-efficient heat exchangers, such as brazed plate heat exchangers, across all sectors of the Indian economy. Thus, increasing government initiatives for energy efficiency drive the brazed plate heat exchangers market.

Asia Pacific Brazed Plate Heat Exchangers Market Overview

The brazed plate heat exchanger market in Asia Pacific is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. In the region, various manufacturers of the brazed plate heat exchanger have standardized their brazed plate heat exchangers with several certifications. For instance, as of April 2022, the KAORI HEAT TREATMENT CO., LTD has successfully passed the Italian DM n.174/2004 water quality certificate. The certification process is completed through an authorized ICIM agency. The certification process is applicable to standard products, adopting high-quality stainless steel and high-purity copper as base materials, passing strict water quality standards after particle analysis, and ensuring the safety of the users.

Moreover, the growth of the food & beverages industry in South Korea is propelling the adoption of refrigeration systems for storage purposes. For instance, in July 2023, McDonald’s Corporation, an American multinational fast-food chain, increased the number of its outlets in South Korea by 25% to deal with intensifying competition in the domestic burger industry. Thus, the rise in such expansion strategies is propelling the adoption of brazed plate heat exchangers in the food & beverages industry of South Korea.

Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Brazed Plate Heat Exchangers Market Segmentation

The Asia Pacific brazed plate heat exchangers market is categorized into product, application, end-use industry, and country.

Based on product, the Asia Pacific brazed plate heat exchangers market is bifurcated into single circuit and multi circuit. The multi circuit segment held a larger market share in 2022.

In terms of application, the Asia Pacific brazed plate heat exchangers market is segmented into condenser, economizer, evaporator, and others. The evaporator segment held the largest market share in 2022.

By end-use industry, the Asia Pacific brazed plate heat exchangers market is segmented into HVACR, chemical, food & beverage, power, heavy industries, IT & telecommunication, others. The HVACR segment held the largest market share in 2022.

By country, the Asia Pacific brazed plate heat exchangers market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific brazed plate heat exchangers market share in 2022.

Alfa Laval AB, Baode Heat Exchanger Equipment Co Ltd, Chart Industries Inc, Danfoss AS, Hisaka Works Ltd, Paul Mueller Co, SWEP International AB, and Xylem Inc are among the leading companies operating in the Asia Pacific brazed plate heat exchangers market.

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At 9.1% CAGR, Asia Pacific Brazed Plate Heat Exchangers Market is Speculated to be Worth US$ 573.02 Million by 2030, says the Research Team

According to the Research Team’ research, the Asia Pacific brazed plate heat exchangers market was valued at US$ 285.74 million in 2022 and is projected to reach US$ 573.02 million by 2030, registering a CAGR of 9.1% from 2022 to 2030. Growing pharmaceutical industry and increasing usage of brazed plate heat exchangers in HVACR industry are among the critical factors attributed to drive the Asia Pacific brazed plate heat exchangers market growth.

Brazed plate heat exchangers are becoming increasingly popular in the HVACR industry due to their numerous advantages over traditional heat exchangers. Brazed plate heat exchangers can achieve thermal efficiencies of up to 95%, making them more efficient than other types of heat exchangers, such as shell-and-tube heat exchangers, which can lead to significant energy savings for HVACR applications. Brazed plate heat exchangers are much smaller and lighter than other types of heat exchangers, making them easier to install and transport. It is essential for HVACR applications, where space is often limited. Brazed plate heat exchangers are highly durable and reliable, making them ideal for demanding HVACR applications. They are also resistant to corrosion and fouling. Brazed plate heat exchangers are used in chillers and heat pumps to transfer heat between the refrigerant and the water or air that is being cooled or heated. Also, these are used in air handlers to transfer heat between the hot or cold water that is being circulated and the air that is being supplied to the building. Various companies are launching these exchangers for HVACR applications. In 2021, Trane launched a new line of air handlers that use brazed plate heat exchangers. These air handlers are more efficient and reliable than traditional air handlers, and they provide superior indoor air quality. Also, in 2022, Daikin launched a new line of condensing units that use brazed plate heat exchangers. These condensing units are more efficient and reliable than traditional condensing units, and they operate more quietly. Hence, the increasing usage of brazed plate heat exchangers in the HVACR industry is anticipated to create a substantial opportunity for the brazed plate heat exchanger market in the coming years.

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

Based on product, the Asia Pacific brazed plate heat exchangers market is bifurcated into single circuit and multi circuit. The multi circuit segment held 65.7% market share in 2022, amassing US$ 187.78 million. It is projected to garner US$ 381.37 million by 2030 to register 9.3% CAGR during 2022-2030.

In terms of application, the Asia Pacific brazed plate heat exchangers market is segmented into condenser, economizer, evaporator, and others. The evaporator segment held 49.9% share of Asia Pacific brazed plate heat exchangers market in 2022, amassing US$ 142.51 million. It is anticipated to garner US$ 287.27 million by 2030 to expand at 9.2% CAGR during 2022-2030.

By end-use industry, the Asia Pacific brazed plate heat exchangers market is divided into HVACR, chemical, food & beverage, power, heavy industries, IT & telecommunication, others. The HVACR segment held 37.4% share of Asia Pacific brazed plate heat exchangers market in 2022, amassing US$ 106.94 million. It is projected to garner US$ 235.19 million by 2030 to expand at 10.4% CAGR from 2022 to 2030.

Based on country, the Asia Pacific brazed plate heat exchangers market is categorized into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 34.7% share of Asia Pacific brazed plate heat exchangers market in 2022. It was assessed at US$ 99.01 million in 2022 and is likely to hit US$ 209.10 million by 2030, registering a CAGR of 9.8% during 2022-2030.

Key players operating in the Asia Pacific brazed plate heat exchangers market are Alfa Laval AB, Baode Heat Exchanger Equipment Co Ltd, Chart Industries Inc, Danfoss AS, Hisaka Works Ltd, 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 May 2023, Alfa Laval Business Unit Brazed & Fusion Bonded Heat Exchangers announced that it will increase its production of brazed plate heat exchangers to meet increasing demand in the ongoing global energy transition.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific brazed plate heat exchangers market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific brazed plate heat exchangers market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific brazed plate heat exchangers market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Brazed Plate Heat Exchangers Market Landscape
4.1 Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Component Providers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-User Industries:
4.3.5 List of Vendors in the Value Chain:
5. Asia Pacific Brazed Plate Heat Exchangers Market – Key Market Dynamics
5.1 Asia Pacific Brazed Plate Heat Exchangers Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Pharmaceutical Industry
5.2.2 Increasing Usage of Brazed Plate Heat Exchangers in HVACR Industry
5.2.3 Growth in Number of Renewable Energy Projects
5.3 Market Restraints
5.3.1 Limited Availability of Skilled Technicians
5.3.2 Risk of Corrosion
5.4 Market Opportunities
5.4.1 Increasing Adoption of New Technologies
5.4.2 Increasing Government Initiatives for Energy Efficiency
5.5 Future Trends
5.5.1 Increasing Focus on Compact and Lightweight Designs
5.6 Impact of Drivers and Restraints:
6. Brazed Plate Heat Exchangers Market – Asia Pacific Market Analysis
6.1 Asia Pacific Brazed Plate Heat Exchangers Market Revenue (US$ Million), 2020 – 2030
6.2 Asia Pacific Brazed Plate Heat Exchangers Market Forecast and Analysis
7. Asia Pacific Brazed Plate Heat Exchangers Market Analysis – Product
7.1 Single Circuit
7.1.1 Overview
7.1.2 Single Circuit Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Multi Circuit
7.2.1 Overview
7.2.2 Multi Circuit Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Brazed Plate Heat Exchangers Market Analysis – Application
8.1 Condenser
8.1.1 Overview
8.1.2 Condenser Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Economizer
8.2.1 Overview
8.2.2 Economizer Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Evaporator
8.3.1 Overview
8.3.2 Evaporator Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Brazed Plate Heat Exchangers Market Analysis – End-Use Industry
9.1 HVACR
9.1.1 Overview
9.1.2 HVACR Market, Revenue and Forecast to 2030 (US$ Million)
9.1.3 Key Suppliers
9.1.4 Key End Users
9.2 Chemical
9.2.1 Overview
9.2.2 Chemical Market, Revenue and Forecast to 2030 (US$ Million)
9.2.3 Key Suppliers
9.2.4 Key End Users
9.3 Food & Beverage
9.3.1 Overview
9.3.2 Food & Beverage Market, Revenue and Forecast to 2030 (US$ Million)
9.3.3 Key Suppliers
9.3.4 Key End Users
9.4 Power
9.4.1 Overview
9.4.2 Power Market, Revenue and Forecast to 2030 (US$ Million)
9.4.3 Key Suppliers
9.4.4 Key End Users
9.5 Heavy Industries
9.5.1 Overview
9.5.2 Heavy Industries Market, Revenue and Forecast to 2030 (US$ Million)
9.5.3 Key Suppliers
9.5.4 Key End Users
9.6 IT & Telecommunication
9.6.1 Overview
9.6.2 IT & Telecommunication Market, Revenue and Forecast to 2030 (US$ Million)
9.6.3 Key Suppliers
9.6.4 Key End Users
9.7 Others
9.7.1 Overview
9.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9.7.3 Key Suppliers
9.7.4 Key End Users
10. Asia Pacific Brazed Plate Heat Exchangers Market – Country Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts and Analysis – By Country
10.1.1.2 Australia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Australia Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.2.2 Australia Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.2.3 Australia Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.3 China Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 China Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.3.2 China Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.3.3 China Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.4 India Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 India Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.4.2 India Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.4.3 India Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.5 Japan Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Japan Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.5.2 Japan Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.5.3 Japan Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.6 South Korea Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 South Korea Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.6.2 South Korea Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.6.3 South Korea Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.7 Rest of Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.7.1 Rest of Asia Pacific Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.7.2 Rest of Asia Pacific Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.7.3 Rest of Asia Pacific Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Alfa Laval AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Baode Heat Exchanger Equipment Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Chart Industries Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Danfoss AS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hisaka Works Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Paul Mueller Co
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SWEP International AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Xylem Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 Word Index

LIST OF TABLES

Table 1. Asia Pacific Brazed Plate Heat Exchangers Market Segmentation
Table 2. Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – Product
Table 4. Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – End-Use Industry
Table 6. Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Australia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 8. Australia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 9. Australia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 10. China Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 11. China Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. China Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 13. India Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 14. India Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 15. India Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 16. Japan Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 17. Japan Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 18. Japan Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 19. South Korea Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 20. South Korea Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 21. South Korea Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 22. Rest of Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 23. Rest of Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 24. Rest of Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 25. List of Abbreviation
 

LIST OF FIGURES

Figure 1. Asia Pacific Brazed Plate Heat Exchangers Market Segmentation, By Country
Figure 2. Asia Pacific PEST Analysis
Figure 3. Ecosystem: Brazed Plate Heat Exchangers Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Brazed Plate Heat Exchangers Market Revenue (US$ Million), 2020 – 2030
Figure 6. Asia Pacific Brazed Plate Heat Exchangers Market Share (%) – Product, 2022 and 2030
Figure 7. Single Circuit Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Multi Circuit Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Asia Pacific Brazed Plate Heat Exchangers Market Share (%) – Application, 2022 and 2030
Figure 10. Condenser Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Economizer Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Evaporator Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Asia Pacific Brazed Plate Heat Exchangers Market Share (%) – End-Use Industry, 2022 and 2030
Figure 15. HVACR Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Chemical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Food & Beverage Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Power Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Heavy Industries Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. IT & Telecommunication Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Asia Pacific Brazed Plate Heat Exchangers Market, By Key Country – Revenue (2022) (US$ Million)
Figure 23. Asia Pacific Brazed Plate Heat Exchangers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. Australia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. China Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. India Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Japan Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. South Korea Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. Rest of Asia Pacific Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)

The List of Companies – Asia Pacific Brazed Plate Heat Exchangers Market

1. Alfa Laval AB
2. Baode Heat Exchanger Equipment Co Ltd
3. Chart Industries Inc
4. Danfoss AS
5. Hisaka Works Ltd
6. Paul Mueller Co
7. SWEP International AB
8. Xylem Inc

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