Rising Demand in HVAC Systems Boosts Plate & Frame Heat Exchanger Market
The Plate and Frame Heat Exchanger industry involves the manufacturing and distribution of heat exchangers that use plates and frames to transfer heat between fluids. These devices are used in industries like chemical processing, oil and gas, food and beverage, HVAC, and power generation. They offer high efficiency, compact size, and versatility. The industry is driven by demand for efficient heat transfer, and manufacturers focus on innovation and customization. Overall, the industry plays a vital role in enhancing energy efficiency and process performance. The plate and frame heat exchanger market is experiencing significant growth, driven by its wide range of applications and increasing demand across various industries. This research delves into the market dynamics and explores the scope and demand in end-use industries. The plate and frame heat exchanger market is expected to grow at a CAGR of 6.5% to reach USD 8.1 billion by 2028. The market research r...