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North America Plate Heat Exchanger Market Share
Leading manufacturers of plate heat exchangers are adopting IoT sensors and data analytics to provide advanced solutions. They are also engaging in mergers, acquisitions, and strategic partnerships to diversify their portfolios and enhance their competitive advantage. By focusing on innovation, R&D investments, and growth initiatives, these companies are improving efficiency and performance, thereby reinforcing their market leadership. ALFA LAVAL, SWEP, Xylem, Kelvion, Danfoss, and SPX FLOW collectively hold majority of the market share of the North America plate heat exchanger industry.
North America Plate Heat Exchanger Market Companies
Major players operating across the industry include:
- ALFA LAVAL
- American Plate Exchanger
- API Heat Transfer
- Barriquand Group
- Danfoss
- Dry Coolers
- Funke
- HRS Heat Exchangers
- Kelvion Holding
- Paul Mueller Company
- SPX FLOW
- SWEP International
- Thermofin
- Tranter
- WCR
- Wessels Company
- Xylem
What is the projected market size of the North America plate heat exchanger industry?
The market size of North America plate heat exchanger is projected to reach over USD 1.6 billion by 2032, with an estimated CAGR of 8.1% from 2024 to 2032. The growth is driven by increasing energy demand, stringent emission control regulations, and substantial investments in large-scale industrial operations.
How is the chemical segment expected to perform in the North America plate heat exchanger market by 2032?
The chemical segment is expected to exceed USD 470 million by 2032. Growth is fueled by increasing demand for diverse chemical products and the adoption of advanced heat exchanger solutions, incorporating digital technologies like sensors and data analytics, to enhance control, real-time monitoring, and predictive maintenance.
What is the expected market size of the U.S. plate heat exchanger market?
The U.S. plate heat exchanger market is projected to grow to reach over USD 1.2 billion by 2032. This growth is supported by the expansion of emerging sectors such as petrochemicals, chemicals, energy, and manufacturing, alongside a growing focus on reducing emissions and energy consumption.
Which key players are leading the North America plate heat exchanger market?
Major companies leading the North America plate heat exchanger market include ALFA LAVAL, API Heat Transfer, Danfoss, SWEP International, Xylem, Paul Mueller Company, SPX FLOW, Kelvion Holding, and Funke, among others.