The global brazed plate heat exchangers market size is expected to reach USD 2.46 billion by 2034, according to a new study by Polaris Market Research. The report "Brazed Plate Heat Exchangers Market Size, Share, Trends, Industry Analysis Report By Product (Single Circuit, Multi Circuit), By Application, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Brazed plate heat exchangers are compact and efficient devices that transfer heat between two fluids without them mixing. They are made of a series of thin, corrugated metal plates that are permanently joined together with a brazing material such as copper or nickel. This design creates a series of channels that allow for a large surface area for heat to be transferred in a very small space. This makes them highly effective at transferring heat and a popular choice for many applications where space and energy efficiency are important.
The brazed plate heat exchangers market is experiencing steady growth, driven by a global focus on energy efficiency and sustainability. They are a key component in a wide range of industries, including heating, ventilation, air conditioning, and refrigeration (HVAC-R), chemical processing, food and beverage, and power generation. The market is also benefiting from the increasing demand for energy-efficient solutions in residential and commercial buildings. As industries seek to reduce their carbon footprint and lower operational costs, the adoption of these compact and high-performance heat exchangers is expected to rise in the coming years.
Brazed Plate Heat Exchangers Market Report Highlights:
By product, the multi circuit segment held the largest share in 2024 of the market. This is because these heat exchangers are highly efficient and versatile, capable of handling complex industrial tasks that involve multiple fluid streams at once, making them a top choice for large-scale applications.
By application, the HVAC-R segment held the largest share in 2024 of the market. Its leading position is attributed to the widespread use of brazed plate heat exchangers in air conditioning, heating, and refrigeration systems across residential, commercial, and industrial buildings. The global demand for energy-efficient climate control solutions is the main reason for its growth.
By region, Europe held the largest share in 2024. The region's strong focus on meeting strict environmental standards and its widespread adoption of green technologies such as heat pumps and district heating systems are the key factors behind this segment's leading position. Asia Pacific is anticipated to register the fastest growth rate during the forecast period.
A few key players in the brazed plate heat exchangers market include Alfa Laval AB, Kelvion Holding GMBH, Danfoss A/S, SWEP International AB, Xylem Inc., Chart Industries Inc., API Heat Transfer Inc., Hisaka Works Ltd., Funke Heat Exchanger Apparatebau GMBH, and Kaori Heat Treatment Co. Ltd.
Polaris Market Research has segmented the brazed plate heat exchangers market report based on product, application, and region:
By Product Outlook (Revenue - USD Billion, 2020-2034)
Single Circuit
Multi Circuit
By Application Outlook (Revenue - USD Billion, 2020-2034)
HVAC-R
Chemical & Petrochemical
Food & Beverage
Power Generation
Heavy Industry
Others
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Brazed Plate Heat Exchangers Market Insights
- 4.1. Brazed Plate Heat Exchangers Market - Market Snapshot
- 4.2. Brazed Plate Heat Exchangers Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Focus on Energy Efficiency
- 4.2.1.2. Rising Demand in HVAC-R Systems
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Susceptibility to fouling and scaling
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Brazed Plate Heat Exchangers Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Brazed Plate Heat Exchangers Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 5.3. Single Circuit
- 5.3.1. Global Brazed Plate Heat Exchangers Market, by Single Circuit, by Region, 2020-2034 (USD Billion)
- 5.4. Multi Circuit
- 5.4.1. Global Brazed Plate Heat Exchangers Market, by Multi Circuit, by Region, 2020-2034 (USD Billion)
6. Global Brazed Plate Heat Exchangers Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 6.3. HVAC-R
- 6.3.1. Global Brazed Plate Heat Exchangers Market, by HVAC-R, by Region, 2020-2034 (USD Billion)
- 6.4. Chemical & Petrochemical
- 6.4.1. Global Brazed Plate Heat Exchangers Market, by Chemical & Petrochemical, by Region, 2020-2034 (USD Billion)
- 6.5. Food & Beverage
- 6.5.1. Global Brazed Plate Heat Exchangers Market, by Food & Beverage, by Region, 2020-2034 (USD Billion)
- 6.6. Power Generation
- 6.6.1. Global Brazed Plate Heat Exchangers Market, by Power Generation, by Region, 2020-2034 (USD Billion)
- 6.7. Heavy Industry
- 6.7.1. Global Brazed Plate Heat Exchangers Market, by Heavy Industry, by Region, 2020-2034 (USD Billion)
- 6.8. Others
- 6.8.1. Global Brazed Plate Heat Exchangers Market, by Others, by Region, 2020-2034 (USD Billion)
7. Global Brazed Plate Heat Exchangers Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Brazed Plate Heat Exchangers Market Assessment, By Geography, 2020-2034 (USD Billion)
- 7.3. Brazed Plate Heat Exchangers Market - North America
- 7.3.1. North America: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.3.2. North America: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.3.3. Brazed Plate Heat Exchangers Market - U.S.
- 7.3.3.1. U.S.: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.3.3.2. U.S.: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.3.4. Brazed Plate Heat Exchangers Market - Canada
- 7.3.4.1. Canada: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.3.4.2. Canada: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4. Brazed Plate Heat Exchangers Market - Europe
- 7.4.1. Europe: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.2. Europe: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.3. Brazed Plate Heat Exchangers Market - UK
- 7.4.3.1. UK: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.3.2. UK: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.4. Brazed Plate Heat Exchangers Market - France
- 7.4.4.1. France: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.4.2. France: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.5. Brazed Plate Heat Exchangers Market - Germany
- 7.4.5.1. Germany: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.5.2. Germany: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.6. Brazed Plate Heat Exchangers Market - Italy
- 7.4.6.1. Italy: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.6.2. Italy: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.7. Brazed Plate Heat Exchangers Market - Spain
- 7.4.7.1. Spain: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.7.2. Spain: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.8. Brazed Plate Heat Exchangers Market - Netherlands
- 7.4.8.1. Netherlands: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.8.2. Netherlands: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.9. Brazed Plate Heat Exchangers Market - Russia
- 7.4.9.1. Russia: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.9.2. Russia: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.4.10. Brazed Plate Heat Exchangers Market - Rest of Europe
- 7.4.10.1. Rest of Europe: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.4.10.2. Rest of Europe: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5. Brazed Plate Heat Exchangers Market - Asia Pacific
- 7.5.1. Asia Pacific: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.3. Brazed Plate Heat Exchangers Market - China
- 7.5.3.1. China: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.3.2. China: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.4. Brazed Plate Heat Exchangers Market - India
- 7.5.4.1. India: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.4.2. India: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.5. Brazed Plate Heat Exchangers Market - Malaysia
- 7.5.5.1. Malaysia: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.5.2. Malaysia: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.6. Brazed Plate Heat Exchangers Market - Japan
- 7.5.6.1. Japan: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.6.2. Japan: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.7. Brazed Plate Heat Exchangers Market - Indonesia
- 7.5.7.1. Indonesia: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.7.2. Indonesia: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.8. Brazed Plate Heat Exchangers Market - South Korea
- 7.5.8.1. South Korea: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.8.2. South Korea: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.9. Brazed Plate Heat Exchangers Market - Australia
- 7.5.9.1. Australia: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.9.2. Australia: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.5.10. Brazed Plate Heat Exchangers Market - Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.5.10.2. Rest of Asia Pacific: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.6. Brazed Plate Heat Exchangers Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.6.3. Brazed Plate Heat Exchangers Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.6.3.2. Saudi Arabia: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.6.4. Brazed Plate Heat Exchangers Market - UAE
- 7.6.4.1. UAE: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.6.4.2. UAE: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.6.5. Brazed Plate Heat Exchangers Market - Israel
- 7.6.5.1. Israel: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.6.5.2. Israel: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.6.6. Brazed Plate Heat Exchangers Market - South Africa
- 7.6.6.1. South Africa: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.6.6.2. South Africa: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.6.7. Brazed Plate Heat Exchangers Market - Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.6.7.2. Rest of Middle East & Africa: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.7. Brazed Plate Heat Exchangers Market - Latin America
- 7.7.1. Latin America: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.7.3. Brazed Plate Heat Exchangers Market - Mexico
- 7.7.3.1. Mexico: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.7.3.2. Mexico: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.7.4. Brazed Plate Heat Exchangers Market - Brazil
- 7.7.4.1. Brazil: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.7.4.2. Brazil: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.7.5. Brazed Plate Heat Exchangers Market - Argentina
- 7.7.5.1. Argentina: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.7.5.2. Argentina: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
- 7.7.6. Brazed Plate Heat Exchangers Market - Rest of Latin America
- 7.7.6.1. Rest of Latin America: Brazed Plate Heat Exchangers Market, by Product, 2020-2034 (USD Billion)
- 7.7.6.2. Rest of Latin America: Brazed Plate Heat Exchangers Market, by Application, 2020-2034 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Alfa Laval AB
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. API Heat Transfer Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Chart Industries Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Danfoss A/S
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Hisaka Works Ltd.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Kaori Heat Treatment Co. Ltd.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Kelvion Holding GMBH
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. SWEP International AB
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Xylem Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development