North America Brazed Plate Heat Exchangers Market Forecast to 2030

North America Brazed Plate Heat Exchangers Market Forecast to 2030

North America 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 North America brazed plate heat exchangers market was valued at US$ 319.41 million in 2022 and is expected to reach US$ 580.64 million by 2030; it is estimated to register a CAGR of 7.8% from 2022 to 2030.

Growing Pharmaceutical Industry Fuels North America Brazed Plate Heat Exchangers Market

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.

North America Brazed Plate Heat Exchangers Market Overview

In North America, regulations related to climate change and environmental concerns are forcing the HVAC sector to reconsider its refrigerant selection and put more emphasis on increased performance and energy efficiency. Moreover, in the HVAC industry, all American supply association (ASA) members should be informed about the switch to low-global warming potential (LGWP) refrigerants. HFC refrigerants are likely to be phased out by 85% by 2036, according to the federal AIM Act. A few US states such as California have set deadlines for compliance, while many other states have already modified their building regulations to permit the use of LGWP refrigerants, including A2L. The deadlines for refrigerants with a global warming potential (GWP) of 750 or above have been established by the California Air Resource Board (CARB). Thus, the increasing concern for the environment and emphasis on LGWP are propelling the growth of the brazed plate heat exchanger market in the region.

Further, several players across North America are expanding by launching a stainless range of brazed plate heat exchangers. For instance, as of March 2022, SWEP, a part of Dover, announced the expansion of its All-Stainless range with the introduction of the B222 large-size model. All-Stainless range includes durable, compact, and efficient brazed plate heat exchangers for the most severe applications using aggressive mediums, such as ammonia, deionized water systems, or fluids with high sulfur content, all of which can be corrosive to copper. Thus, the presence of such players in the region propels the growth of the brazed plate heat exchanger market.

North America Brazed Plate Heat Exchangers Market Revenue and Forecast to 2030 (US$ Million)

North America Brazed Plate Heat Exchangers Market Segmentation

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

Based on product, the North America 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 North America 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 North America 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 North America brazed plate heat exchangers market is segmented into the US, Canada, and Mexico. The US dominated the North America brazed plate heat exchangers market share in 2022.

Alfa Laval AB, API Heat Transfer Inc, Chart Industries Inc, Danfoss AS, Paul Mueller Co, and Xylem Inc are among the leading companies operating in the North America brazed plate heat exchangers market.

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At 7.8% CAGR, North America Brazed Plate Heat Exchangers Market is Speculated to be Worth US$ 580.64 Million by 2030, says the Research Team

According to the Research Team’ research, the North America brazed plate heat exchangers market was valued at US$ 319.41 million in 2022 and is projected to reach US$ 580.64 million by 2030, registering a CAGR of 7.8% from 2022 to 2030. Growing pharmaceutical industry and increasing focus on compact and lightweight designs are among the critical factors attributed to drive the North America brazed plate heat exchangers market growth.

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.

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

Based on product, the North America brazed plate heat exchangers market is bifurcated into single circuit and multi circuit. The multi circuit segment held 69.6% market share in 2022, amassing US$ 222.35 million. It is projected to garner US$ 409.03 million by 2030 to register 7.9% CAGR during 2022-2030.

In terms of application, the North America brazed plate heat exchangers market is segmented into condenser, economizer, evaporator, and others. The evaporator segment held 51.3% share of North America brazed plate heat exchangers market in 2022, amassing US$ 163.87 million. It is anticipated to garner US$ 297.17 million by 2030 to expand at 7.7% CAGR during 2022-2030.

By end-use industry, the North America brazed plate heat exchangers market is divided into HVACR, chemical, food & beverage, power, heavy industries, IT & telecommunication, others. The HVACR segment held 37.8% share of North America brazed plate heat exchangers market in 2022, amassing US$ 120.59 million. It is projected to garner US$ 236.97 million by 2030 to expand at 8.8% CAGR from 2022 to 2030.

Based on country, the North America brazed plate heat exchangers market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.2% share of North America brazed plate heat exchangers market in 2022. It was assessed at US$ 253.04 million in 2022 and is likely to hit US$ 458.13 million by 2030, registering a CAGR of 7.7% during 2022-2030.

Key players operating in the North America brazed plate heat exchangers market are Alfa Laval AB, API Heat Transfer Inc, Chart Industries Inc, Danfoss AS, Paul Mueller Co, and Xylem Inc, among others.

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.

In April 2022, US firm Chart Industries received an order to provide equipment for the second phase of Venture Global’s Plaquemines LNG export project in Louisiana. This order was for the production of six brazed aluminum heat exchanger assemblies (BAHX) and cold boxes. These were the first six of the anticipated 18 BAHX assemblies and cold boxes for the full 10 mtpa Plaquemines Phase 2 facility.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America 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. North America Brazed Plate Heat Exchangers Market – Key Market Dynamics
5.1 North America 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 – North America Market Analysis
6.1 North America Brazed Plate Heat Exchangers Market Revenue (US$ Million), 2020 – 2030
6.2 North America Brazed Plate Heat Exchangers Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North America Brazed Plate Heat Exchangers Market – Country Analysis
10.1 North America
10.1.1 North America Brazed Plate Heat Exchangers Market Overview
10.1.2 North America Brazed Plate Heat Exchangers Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 North America Brazed Plate Heat Exchangers Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 US Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 US Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.2.2.2 US Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.2.2.3 US Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.2.3 Canada Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Canada Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.2.3.2 Canada Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.2.3.3 Canada Brazed Plate Heat Exchangers Market Breakdown, by End-Use Industry
10.1.2.4 Mexico Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Mexico Brazed Plate Heat Exchangers Market Breakdown, by Product
10.1.2.4.2 Mexico Brazed Plate Heat Exchangers Market Breakdown, by Application
10.1.2.4.3 Mexico 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 API Heat Transfer Inc
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 Paul Mueller Co
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 Xylem Inc
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
13. Appendix
13.1 Word Index

LIST OF TABLES

Table 1. North America Brazed Plate Heat Exchangers Market Segmentation
Table 2. North America Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – Product
Table 4. North America Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. North America Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Million) – End-Use Industry
Table 6. North America Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. US Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 8. US Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 9. US Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 10. Canada Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 11. Canada Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Canada Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 13. Mexico Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 14. Mexico Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 15. Mexico Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn) – By End-Use Industry
Table 16. List of Abbreviation
 

LIST OF FIGURES

Figure 1. North America 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. North America Brazed Plate Heat Exchangers Market Revenue (US$ Million), 2020 – 2030
Figure 5. North America 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. North America 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. North America 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. North America Brazed Plate Heat Exchangers Market, By Key Country – Revenue (2022) (US$ Million)
Figure 22. North America Brazed Plate Heat Exchangers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 23. US Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Canada Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Mexico Brazed Plate Heat Exchangers Market Revenue and Forecasts to 2030 (US$ Mn)
 
 
 

The List of Companies – North America Brazed Plate Heat Exchangers Market

1. Alfa Laval AB
2. API Heat Transfer Inc
3. Chart Industries Inc
4. Danfoss AS
5. Paul Mueller Co
6. Xylem Inc

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