North America Brazed Plate Heat Exchangers Market

The North America brazed plate heat exchangers market was valued at US$ 319.41 million in 2022 and is expected to reach US$ 580.64 million by 2030; it is estimated to register a CAGR of 7.8% from 2022 to 2030.

Growing Pharmaceutical Industry Fuels North America Brazed Plate Heat Exchangers Market

The pharmaceutical industry has strict requirements for sterility and temperature control in its manufacturing processes. Brazed plate heat exchangers are important for these applications because they are hermetically sealed and can be used to heat and cool fluids to precise temperatures. Brazed plate heat exchangers are considered highly efficient and reliable at transferring heat. It is widely used in the pharmaceutical industry, where heat transfer is used in a variety of processes, such as distillation, crystallization, and drying. Brazed plate heat exchangers are available in various sizes and configurations, making them versatile and scalable solutions for the pharmaceutical industry. It is crucial as pharmaceutical companies need to be able to adjust their production capacity to meet demand easily. Brazed plate heat exchangers are utilized to heat and cool sterile fluids such as water, saline, and buffers. These fluids are used in a variety of pharmaceutical manufacturing processes, such as the production of injectables and sterile liquids. Also, brazed plate heat exchangers can be used to sterilize equipment such as bioreactors, pipelines, and tanks. It helps to prevent the contamination of pharmaceutical products. These heat exchangers are used in the manufacturing of vaccines to heat and cool the culture medium in which the vaccine virus is grown.

Furthermore, over the years, several countries have experienced significant demand for drugs, and the trend is rapidly increasing, propelling pharmaceutical companies to increase their production and sales. The demand for generic drugs is more important than the counterparts, i.e., the brand name drugs, owing to lower cost with the same chemical composition. This is leading to the development of new and innovative manufacturing processes, which often require the use of brazed plate heat exchangers. Hence, the growing pharmaceutical industry is a key factor driving the market for brazed plate heat exchangers.

North America Brazed Plate Heat Exchangers Market Overview

In North America, regulations related to climate change and environmental concerns are forcing the HVAC sector to reconsider its refrigerant selection and put more emphasis on increased performance and energy efficiency. Moreover, in the HVAC industry, all American supply association (ASA) members should be informed about the switch to low-global warming potential (LGWP) refrigerants. HFC refrigerants are likely to be phased out by 85% by 2036, according to the federal AIM Act. A few US states such as California have set deadlines for compliance, while many other states have already modified their building regulations to permit the use of LGWP refrigerants, including A2L. The deadlines for refrigerants with a global warming potential (GWP) of 750 or above have been established by the California Air Resource Board (CARB). Thus, the increasing concern for the environment and emphasis on LGWP are propelling the growth of the brazed plate heat exchanger market in the region.

Further, several players across North America are expanding by launching a stainless range of brazed plate heat exchangers. For instance, as of March 2022, SWEP, a part of Dover, announced the expansion of its All-Stainless range with the introduction of the B222 large-size model. All-Stainless range includes durable, compact, and efficient brazed plate heat exchangers for the most severe applications using aggressive mediums, such as ammonia, deionized water systems, or fluids with high sulfur content, all of which can be corrosive to copper. Thus, the presence of such players in the region propels the growth of the brazed plate heat exchanger market.

North America Brazed Plate Heat Exchangers Market Revenue and Forecast to 2030 (US$ Million)

North America Brazed Plate Heat Exchangers Strategic Insights

Strategic insights for the North America Brazed Plate Heat Exchangers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Brazed Plate Heat Exchangers Report Scope

North America Brazed Plate Heat Exchangers Regional Insights

The geographic scope of the North America Brazed Plate Heat Exchangers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Brazed Plate Heat Exchangers Market Segmentation

The North America brazed plate heat exchangers market is categorized into product, application, end-use industry, and country.

Based on product, the North America brazed plate heat exchangers market is bifurcated into single circuit and multi circuit. The multi circuit segment held a larger market share in 2022.

In terms of application, the North America brazed plate heat exchangers market is segmented into condenser, economizer, evaporator, and others. The evaporator segment held the largest market share in 2022.

By end-use industry, the North America brazed plate heat exchangers market is segmented into HVACR, chemical, food & beverage, power, heavy industries, IT & telecommunication, others. The HVACR segment held the largest market share in 2022.

By country, the North America brazed plate heat exchangers market is segmented into the US, Canada, and Mexico. The US dominated the North America brazed plate heat exchangers market share in 2022.

Alfa Laval AB, API Heat Transfer Inc, Chart Industries Inc, Danfoss AS, Paul Mueller Co, and Xylem Inc are among the leading companies operating in the North America brazed plate heat exchangers market.