TMCnet News
Plate and Frame Heat Exchanger Market Worth $5.99Bn By 2022: Grand View Research, Inc.SAN FRANCISCO, February 3, 2016 /PRNewswire/ -- The global plate and frame heat exchanger market is expected to reach USD 5.99 billion by 2022, according to a new report by Grand View Research, Inc. Growing awareness towards energy efficiency coupled with construction space constraints is expected to drive the market over the forecast period. Surging demand for thermal management in district heating applications is expected to drive product significance in commercial and residential sectors over the long term. (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) Technological advancements along with surging requirement for heat recovery utilities in chemical, food & beverage and HVAC sectors is expected to steer plate and frame heat exchangers market growth. Growing energy efficient utilities need along with expanding power generation infrastructure in economies including India, Vietnam, China and Thailand is anticipated to drive market growth. Browse full research report with TOC on "Plate and Frame Heat Exchanger Market Analysis By Product (Brazed, Gasketed, Welded), By End-Use (Chemical, Food & Beverage, HVAC & Refrigeration, Oil & Gas, Power Generation, Pulp & Paper) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/plate-and-frame-heat-exchanger-market Welded systems emerged as the leading product segment and accounted for over 20% of total market revenue in 2014. Owing to its widespread use in oil & gas, automobile, pharmaceuticals, petrochemicals and paper manufacturing industries, the segment is expected to gain share over other counterparts over the next seven years. This product segment is anticipated to increase penetration in oil & gas industry owing to reduced chance of leakage and enhanced corrosion resistance. Further key findings from the report suggest:
Grand View Research has segmented the plate and frame heat exchanger market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Read Our Blogs - mediafound.org, ni2014.org Contact: SOURCE Grand View Research, Inc. |