Plate Heat Exchanger Market Trends

Plate Heat Exchanger Market Trends

The plate heat exchanger industry is undergoing significant transformations driven by increasing emphasis on energy efficiency across industries, rising need for compact & space-saving heat exchanger solutions and technological advancements in materials. Favorable policies by the regulators for industries, focus on limiting energy consumption and meeting environmental regulations are driving the industry growth.
 

For instance, in April 2023, the United Nations called for the formulation of new sustainable industrial policies to address global development disparities, meet climate goals, and achieve Sustainable Development Goals (SDGs). Moreover, rising need for heating and cooling solutions in both residential and commercial structures, combined with an emphasis on harnessing waste heat from industrial operations, is set to propel the industry expansion.