Middle East & Africa Brazed Plate Heat Exchangers Market Forecast to 2030

Middle East & Africa Brazed Plate Heat Exchangers Market Forecast to 2030

Middle East & Africa 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 Middle East & Africa brazed plate heat exchangers market was valued at US$ 95.96 million in 2022 and is expected to reach US$ 169.20 million by 2030; it is estimated to register a CAGR of 7.3% from 2022 to 2030.

Increasing Focus on Compact and Lightweight Designs Bolsters Middle East & Africa Brazed Plate Heat Exchangers Market

Compact and lightweight brazed plate heat exchangers are more energy-efficient than traditional heat exchangers, making them a major choice for applications where energy efficiency is critical. Compact and lightweight brazed plate heat exchangers can be installed in spaces where traditional heat exchangers are unable to fit. This is important for applications in aerospace and marine industries, where space is limited. These exchangers are easy to transport and install, making them ideal for portable applications such as construction and disaster relief. Compact and lightweight brazed plate heat exchangers are used in aircraft to cool the engines and other systems, which helps to reduce the weight of the aircraft and improves fuel efficiency and performance. Similarly, these are used in ships to cool the engines and other systems that help to reduce the weight of the ship, which improves fuel efficiency and performance. In addition, compact and lightweight brazed plate heat exchangers are used in portable construction equipment, such as air compressors and generators, as well as in mobile disaster relief units to provide hot water and heating equipment for victims. Increasing technological advancements are making it possible to develop brazed plate heat exchangers that are highly compact and lightweight for various industrial applications. As the need for energy-efficient solutions continues to grow, along with technological advancements, the demand for compact and lightweight brazed plate heat exchangers is expected to increase. Therefore, the increasing focus on the development of compact and lightweight designs is anticipated to fuel the brazed plate heat exchanger market in the coming years.

Middle East & Africa Brazed Plate Heat Exchangers Market Overview

The Middle East & Africa brazed plate heat exchanger market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Middle East & Africa region has experienced significant industrial growth, particularly in sectors such as oil & gas, petrochemicals, and manufacturing. Brazed plate heat exchangers are utilized in various industrial processes, including heat recovery, condensation, and liquid cooling applications. In Saudi Arabia, oil & gas exploration companies are improving their cooling infrastructure facility operation by using the C3/C4 refrigeration system. For instance, in June 2023, Kuwait-based Heavy Engineering Industries & Shipbuilding Co. (HEISCO) revealed that a main contractor had awarded a significant contract to its branch in Saudi Arabia. The project holds a substantial value of SAR 500 million (US$ 133.22 million) and entails the execution of civil and mechanical construction works for installing C3/C4 refrigeration units and storage tanks at Juaymah, located in Ras Tanura City, Saudi Arabia. These crucial components are likely to enhance the infrastructure and operations of the Juaymah Natural Gas Liquids Fractionation (JNGLF) facility. Such a project propels the adoption of industrial refrigeration equipment, such as brazed plate heat exchangers, in Saudi Arabia.

Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Brazed Plate Heat Exchangers Market Segmentation

The Middle East & Africa brazed plate heat exchangers market is categorized into product, application, end-use industry, and country.

Based on product, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa brazed plate heat exchangers market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa brazed plate heat exchangers market share in 2022.

Alfa Laval AB, Danfoss AS, Paul Mueller Co, SWEP International AB, and Xylem Inc are among the leading companies operating in the Middle East & Africa brazed plate heat exchangers market.

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At 7.3% CAGR, Middle East & Africa Brazed Plate Heat Exchangers Market is Speculated to be worth US$ 169.20 million by 2030, says the Research Team

According to the Research Team’ research, the Middle East & Africa brazed plate heat exchangers market was valued at US$ 95.96 million in 2022 and is projected to reach US$ 169.20 million by 2030, registering a CAGR of 7.3% 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 Middle East & Africa brazed plate heat exchangers market growth.

The pharmaceutical industry has strict requirements for sterility and temperature control in its manufacturing processes. Brazed plate heat exchangers are important for these applications because they are hermetically sealed and can be used to heat and cool fluids to precise temperatures. Brazed plate heat exchangers are considered highly efficient and reliable at transferring heat. It is widely used in the pharmaceutical industry, where heat transfer is used in a variety of processes, such as distillation, crystallization, and drying. Brazed plate heat exchangers are available in various sizes and configurations, making them versatile and scalable solutions for the pharmaceutical industry. It is crucial as pharmaceutical companies need to be able to adjust their production capacity to meet demand easily. Brazed plate heat exchangers are utilized to heat and cool sterile fluids such as water, saline, and buffers. These fluids are used in a variety of pharmaceutical manufacturing processes, such as the production of injectables and sterile liquids. Also, brazed plate heat exchangers can be used to sterilize equipment such as bioreactors, pipelines, and tanks. It helps to prevent the contamination of pharmaceutical products. These heat exchangers are used in the manufacturing of vaccines to heat and cool the culture medium in which the vaccine virus is grown.

Furthermore, over the years, several countries have experienced significant demand for drugs, and the trend is rapidly increasing, propelling pharmaceutical companies to increase their production and sales. The demand for generic drugs is more important than the counterparts, i.e., the brand name drugs, owing to lower cost with the same chemical composition. This is leading to the development of new and innovative manufacturing processes, which often require the use of brazed plate heat exchangers. Hence, the growing pharmaceutical industry is a key factor driving the market for brazed plate heat exchangers.

On the contrary, limited availability of skilled technicians hampers the growth of the Middle East & Africa brazed plate heat exchangers market.

Based on product, the Middle East & Africa brazed plate heat exchangers market is bifurcated into single circuit and multi circuit. The multi circuit segment held 64.3% market share in 2022, amassing US$ 61.65 million. It is projected to garner US$ 110.20 million by 2030 to register 7.5% CAGR during 2022-2030.

In terms of application, the Middle East & Africa brazed plate heat exchangers market is segmented into condenser, economizer, evaporator, and others. The evaporator segment held 48.6% share of Middle East & Africa brazed plate heat exchangers market in 2022, amassing US$ 46.66 million. It is anticipated to garner US$ 82.68 million by 2030 to expand at 7.4% CAGR during 2022-2030.

By end-use industry, the Middle East & Africa brazed plate heat exchangers market is divided into HVACR, chemical, food & beverage, power, heavy industries, IT & telecommunication, others. The HVACR segment held 40.4% share of Middle East & Africa brazed plate heat exchangers market in 2022, amassing US$ 38.81 million. It is projected to garner US$ 74.99 million by 2030 to expand at 8.6% CAGR from 2022 to 2030.

Based on country, the Middle East & Africa brazed plate heat exchangers market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 28.7% share of Middle East & Africa brazed plate heat exchangers market in 2022. It was assessed at US$ 27.55 million in 2022 and is likely to hit US$ 45.46 million by 2030, registering a CAGR of 6.5% during 2022-2030.

Key players operating in the Middle East & Africa brazed plate heat exchangers market are Alfa Laval AB, Danfoss AS, 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.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 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. Middle East & Africa Brazed Plate Heat Exchangers Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Component Providers:
4.2.2 Manufacturers:
4.2.3 Distributors or Suppliers:
4.2.4 End-User Industries:
4.2.5 List of Vendors in the Value Chain:
5. Middle East & Africa Brazed Plate Heat Exchangers Market – Key Market Dynamics
5.1 Middle East & Africa 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 – Middle East & Africa Market Analysis
6.1 Middle East & Africa Brazed Plate Heat Exchangers Market Revenue (US$ Million), 2020 – 2030
6.2 Middle East & Africa Brazed Plate Heat Exchangers Market Forecast and Analysis
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Brazed Plate Heat Exchangers Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts and Analysis – By Country
10.1.1.2 South Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 South Africa Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.2.2 South Africa Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.2.3 South Africa Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.3 Saudi Arabia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Saudi Arabia Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.3.2 Saudi Arabia Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.3.3 Saudi Arabia Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.4 UAE Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 UAE Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.4.2 UAE Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.4.3 UAE Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.1.5 Rest of Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Rest of Middle East & Africa Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.1.5.2 Rest of Middle East & Africa Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.1.5.3 Rest of Middle East & Africa 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 Danfoss AS
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 Paul Mueller Co
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 SWEP International AB
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 Xylem Inc
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
13. Appendix
13.1 Word Index

LIST OF TABLES

Table 1. Middle East & Africa Brazed Plate Heat Exchangers Market Segmentation
Table 2. Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – Product
Table 4. Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – End-Use Industry
Table 6. Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. South Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 8. South Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 9. South Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 10. Saudi Arabia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 11. Saudi Arabia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Saudi Arabia Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 13. UAE Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 14. UAE Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 15. UAE Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 16. Rest of Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 17. Rest of Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 18. Rest of Middle East & Africa Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 19. List of Abbreviation
 

LIST OF FIGURES

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

The List of Companies – Middle East & Africa Brazed Plate Heat Exchangers Market

1. Alfa Laval AB
2. Danfoss AS
3. Paul Mueller Co
4. SWEP International AB
5. Xylem Inc

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