Plate and Tube Heat Exchanger Market

The plate and tube heat exchanger market is projected to reach USD 884 million by 2028, at a CAGR of 6.5% from USD 645 million in 2023. The market growth is driven by influencing factors such as growing industrialization in emerging regions, and stringent environmental and energy efficiency regulations.

Plate and Tube Heat Exchanger Companies

The key global players in the plate and tube heat exchanger market include Alfa Laval (Sweden), Kelvion Holding GmbH (Germany), API Heat Transfer (US), HRS Heat Exchanger (UK), SPX Flow (US), Danfoss (Denmark), HFM Plate Heat Exchanger (China), Xylem (US), Wabtec Corporation (US), Thermex (UK) are the key players in the plate and tube heat exchanger market. These companies are strong in their home region and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

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Alfa Laval

Alfa Laval is a renowned global provider of top-tier products specializing in heat transfer, separation, and fluid management.  The company is a world leader in heat transfer, separation, and fluid handling technologies. The company operates through three business segments, namely, Energy, Food & Water and Marine divisions. The company offers a broad portfolio of heat exchangers, boilers, decanters, exhaust gas cleaners, fluid handling equipment, and separators. It offers products to energy & utility, home & personal care, food, dairy & beverage, marine & transportation, pharma & biotech, waste & wastewater, and other industries. It operates 37 production sites with 20,300 employees globally. The company’s products, systems and services are sold in more than 100 countries across Asia Pacific, North America, South America, Europe, Middle East & Africa.

Kelvion Holding GmbH

Kelvion Holding GmbH is a leading manufacturer and distributor of heat exchangers. The company is a former heat exchanger division of GEA Group AG. In 2014, the GEA heat exchangers division was acquired by the Triton Fund (London). In 2015, the former division was branded Kelvion to specifically target the heat exchangers market. Kelvion’s product line includes plate heat exchangers, shell & tube heat exchangers, finned-tube heat exchangers, modular cooling tower systems, and refrigeration heat exchangers. It also provides after-sales services such as upgradation, modification, and maintenance and supplies spare parts.  The company specializes in offering customized solutions for energy, data center, chemical industry, oil & gas, marine, HVAC, food & beverage, and environmental applications.

Kelvion operates in more than 67 locations across Asia Pacific, North America, South America, Europe, the Middle East & Africa with the help of its more than 4,000 employees.

Related Reports:

Plate and Tube Heat Exchanger Market by Material Type (Stainless Steel, Titanium Alloy, Copper, Aluminum, Nickel Alloys), End-use Industry (Chemical, Petrochemical & Oil, Gas, HVAC & Refrigeration, Power Generation), & Region - Global Forecast to 2028

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