Europe Plate Heat Exchanger Market Size

Europe Plate Heat Exchanger Market size was estimated at USD 1.7 billion in 2023 and is projected to achieve a growth rate of 7.8% from 2024 to 2032. European and international authorities are increasingly introducing regulatory norms aimed at boosting energy efficiency to combat climate change and reduce carbon emissions, aligning with global sustainability goals.

For instance, in June 2024, World Bank introduced its decade long initiative called Scaling Up Energy Efficiency in Europe and Central Asia Program to safeguard clean, secure, and cost-effective energy delivery across the regional nations. The E3 program is anticipated to conserve over 63 terawatt hours (TWh) of energy while reducing the carbon footprint by 18.7 million metric tons with the funding of about USSD 3.86 billion during its lifetime.

Europe Plate Heat Exchanger Market Trends

Europe plate heat exchanger market is projected to observe substantial expansion on account of the significant advancements driven by the need for improved energy efficiency, sustainability, and adaptability coupled with growing emphasis on energy conservation across various industries. For instance, as per the International Energy Agency (IEA), the government of Italy is working in line with achieving the country's target of renewables electricity generation and renewable energy consumption of 55% and 30%, respectively, aiming to mitigate emissions and boost energy efficiency.

Moreover, the development and application of advanced materials with the ability to withstand extreme temperatures and corrosive environments across harsh applications including petrochemicals and power generation will further shape the industry dynamics.

Europe Plate Heat Exchanger Market Analysis

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The central heating & refrigeration application is projected to grow over USD 900 million by 2032. The industry driven by a combination of regulatory and technological factors with stringent regulations from both regional and EU-wide regulations aimed at reducing carbon emissions and improving energy efficiency. In addition, ongoing innovations in smart heating systems with better energy management coupled with the growing consumer awareness regarding sustainable energy alternatives will further shape the Europe heat exchanger industry.

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Germany plate heat exchanger market is anticipated to cross USD 720 million by 2032. The increasing demand for advanced heat exchangers to mitigate the energy consumption across various sectors, including automotive, chemical processing, power generation, and HVAC, among others, will propel the industry landscape. Moreover, growing focus on industrial digitalization coupled with various collaborations including strategic partnerships, joint ventures, and research alliances between industry players will further boost the industry landscape.

For instance, in April 2023, Germany based Rocket Factory Augsburg (RFA) partnered with Australia based Conflux Technology to develop & produce 3D printed heat exchangers for aerospace applications. Moreover, continuous investment in R&D coupled with the increasing adoption of automated, efficient, and data-driven industrial operations will boost the industry outlook.

The plate heat exchanger market in Italy is experiencing notable growth, driven by increasing demand for effective and compact heat transfer solutions coupled with strong industrial base across various sectors. The country has observed surge in investments in heavy-duty industrial operations, propelled by the requirement to modernize industrial infrastructure, improve energy efficiency, and increasing capital expenditure. For instance, in August 2023, Vitherm confirmed to receive an order to deliver a couple of welded plate heat exchanger units for the heat recovery process across an oil & gas facility in Italy. Moreover, the effective operation of renewable energy systems has positively catered to the demand of plate heat exchangers with superior heat transfer capabilities, thereby augmenting the industry size.

Europe Plate Heat Exchanger Market Share

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Europe plate heat exchanger industry is characterized by intense competition, driven by various dynamic factors including technological advancements, regulatory pressures, and shifting market demands, among others. The European Union’s stringent environmental regulations and energy efficiency standards compel manufacturers to develop advanced products that comply with these requirements while also addressing the growing demand for sustainable solutions. In addition, key players including Alfa Laval, SWEP, Kelvion Holding GmbH, and Danfoss are leveraging their extensive research and development capabilities to drive technological advancements aligning with stringent European environmental regulations.

Europe Plate Heat Exchanger Market Companies

Major manufacturers actively participating across the Europe plate heat exchanger industry consist of:

• ALFA LAVAL
• API Heat Transfer
• BARRIQUAND Group
• Cipriani PHE srl
• Danfoss
• Emmegi S.p.A.
• Ekin Endustriyel
• FUNKE Wärmeaustauscher Apparatebau GmbH
• HRS Heat Exchangers
• Hexonic LTD
• Kelvion Holding GmbH
• Onda S.p.A.
• SWEP International AB
• SPX FLOW
• TENEZ a.s
• Xylem
  

Europe Plate Heat Exchanger Industry News

• In July 2024, SWEP unveiled its 190 series of brazed plate heat exchangers, designed with a focus on natural refrigerants with low global warming potential (GWP). These exchangers cater to heating, ventilation, air conditioning, and refrigeration (HVACR) systems. The newly introduced line features three models: SWEP D190, FI190, and PI190, all engineered for compactness and versatility, operating efficiently within a range of 60 kW to 150 kW.
  
• In June 2024, Alfa Laval unveiled its latest brazed plate heat exchanger product, the Alfa Laval AC65 manufactured at its San Bonifacio factory in Italy. The product features a compact design with the ability to operate on low-GWP refrigerants including propane enabling it to be highly suitable for residential heat pumps. In addition, the introduction of the cutting-edge solution with COP levels will positively cater to the company’s presence across the Europe heat pump brazed plate heat exchanger industry.
  

The Europe plate heat exchanger market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032 for the following segments:

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Market, By Application, 2021 – 2032 (USD Million)

• Oil & Gas
• Chemical
• Power generation & metallurgy
• Marine
• Mechanical industry
• Central heating & refrigeration
• Food processing
• Others

The above information has been provided for the following countries:

• Germany
• UK
• France
• Russia
• Italy
• Spain
• Poland
• Turkey