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Brazed plate heat exchangers are known for their compact size, high efficiency, and durability making them ideal for heat pump systems, where efficient heat transfer is essential. The deployment of sustainable heating & cooling technologies along with the introduction of stringent building energy performance standards will drive the business growth. The robust growth of renewable energy sources including geothermal and air-source heat pumps will further fuel the product penetration.
The German market is set to reach over USD 1.3 billion by 2034, led by consumer inclination toward green buildings, retrofitting of electrical equipment, and government support through beneficial policies and financial programs.
The evaporator segment is likely to exceed USD 850 million by 2034, as industries prioritize sustainable, cost-effective, and energy-efficient solutions for efficient heat transfer and minimal energy losses.
The European market for heat pump brazed plate heat exchangers was reached USD 900 million in 2024 and is estimated to grow at a 17.2% CAGR from 2025 to 2034, driven by the increasing demand for efficient space heating solutions.
Key industry players include AIC, Alfa Laval, Barriquand, Boyd, Chart Industries, Danfoss, Funke, Hexonic, HRS, Kelvion, Paul Mueller, Sanhua, SWEP, UK Exchangers, and Xylem.