DALLAS, May 22, 2015 /PRNewswire/ --
The report, "Plate & Frame Heat Exchangers Market
by Type (Brazed, Gasketed, Welded), by Application (Chemical,
Petrochemical, Oil & Gas, HVACR, Food & Beverage, Pulp
& Paper, Power Generation), and Region - Trends & Forecast
to 2020" published by MarketsandMarkets, Plate &
Frame Heat Exchangers Market is estimated to reach $5.5 Billion by 2020 signifying firm annualized
growth rate of 9.30% from 2015 to 2020.
Browse 69 market data Tables and 48
Figures spread through 153 Pages and in-depth TOC
on "Plate & Frame Heat Exchangers
Market".
http://www.marketsandmarkets.com/Market-Reports/plate-frame-heat-exchangers-market-259151406.html
Early buyers will receive 10% customization
onthis report.
Europe - the biggest market
for plate & frame heat exchangers
Europe has always been a strong
market for plate & frame heat exchangers and globally, this
market has been a leader for plate & frame heat exchangers with
respect to demand as well as production capacity. The region has
the presence of most of the global leaders in heat exchanger
manufacturing. Plate & frame heat exchangers consumption in the
region is estimated to grow at a CAGR of around 6.50% from 2015 to
2020. This region has a relatively slow growth rate as a result of
its dominant market size and slow economic activity as compared to
the other regions. The demand in this region is boosted mainly due
to the surging energy demand form end-user industries.
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"Asia-Pacific - the fastest
growing" plate & frame heat exchangers market
Asia-Pacific, being the fastest
growing plate & frame heat exchangers market globally, is
estimated to grow at a CAGR of 13.90% for the next five years.
Asia-Pacific is witnessing high
industrial growth rate, which hints at an ever-increasing demand
for plate & frame heat exchangers for its diverse applications.
China is expected to witness
strong growth in its plate & frame heat exchangers market due
to increasing demand from chemical, food & beverage, and oil
& gas industry. China dominates the plate & frame
heat exchangers market in Asia-Pacific region, being a major consumer
and the fastest growing country in terms of plate & frame heat
exchangers demand. The demand for plate & frame heat exchangers
from chemical industry is expected to grow at a rapid pace in the
next five years from 2015 to 2020. After China, countries, including India, Japan
and other Asian countries, are showing increasing growth in demand
for plate & frame heat exchangers. Moreover, increasing number
of plate & frame heat exchangers manufacturers from Asian
countries are putting vigorous efforts for developing a strong base
of plate & frame heat exchangers market, with a target of
reducing plate & frame heat exchangers imports.
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