Gasketed Plate Heat Exchanger Market Report 2025 (Global Edition)

Global Gasketed Plate Heat Exchanger Market Report 2025 Market Size Split by Type (0 – 100 kW, 101 – 500 kW, 501 – 1000 kW, Above 1000 kW), by Size (Small (< 1 m²), Medium (1 – 10 m²), Large...

Gasketed Plate Heat Exchanger Market Report Description

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Gasketed Plate Heat Exchanger Market Insights Video

Top Companies in Gasketed Plate Heat Exchanger Market

The competitive analysis of the Machinery and Equipment industry offers detailed insights related to major companies operating in the Gasketed Plate Heat Exchanger market. The report offers detailed competitor analysis, brand mapping of major companies, focusing on key developments such as new product launches, product pipeline, brand analysis, geographic expansion, mergers and acquisitions, partnerships, and joint ventures. The report also provides an overview of each company’s operations, strategies, and financial performance, including revenue (in USD Million), gross margin (%), and market share (%) from 2021 to 2024. The competitor’s analysis includes SWOT analysis, which involves each company’s strengths, weaknesses, opportunities, and threats. The report also examines how companies have adapted to challenges like COVID-19, including changes to their supply chains, product offerings, and customer engagement. Other factors like technological progress, sustainability efforts, and competitive positioning are also covered to give a complete picture of the market. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)

Top Companies Market Share in Gasketed Plate Heat Exchanger Industry: (In no particular order of Rank)

• Danfoss A/S
• Tranter Inc.
• Kelvion Holding GmbH
• VITHERM
• Xylem
• Alfa Laval
• API Heat Transfer
• Thermofin
• Hexonic LTD
• HYDAC International GmbH
• SPX FLOW(APV)
• Armstrong Fluid Technology
• Paul Mueller Company
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Gasketed Plate Heat Exchanger Market

Which Region Dominates the Gasketed Plate Heat Exchanger Market in 2024?

According to Cognitive Market Research, Asia-Pacific dominates the Gasketed Plate Heat Exchanger Market. Asia-Pacific accounted for a significant market share of  1,022.31 USD Million in 2024. Asia Pacific is home to some of the world’s fastest-growing economies, such as China, India, Japan, South Korea, and Southeast Asian countries. As these nations industrialize and urbanize, there is a rising demand for various industrial equipment, including heat exchangers. The need for efficient heat transfer systems in industries like petrochemicals, chemicals, power generation, HVAC (Heating, Ventilation, and Air Conditioning), and food processing drives the demand for GPHEs in the region. There’s an increasing focus on energy conservation and environmental sustainability across Asia Pacific. Gasketed plate heat exchangers are favored for their high thermal efficiency, compact design, and energy-saving capabilities. In many cases, they can reduce the overall energy consumption in processes, making them highly suitable for companies looking to reduce carbon footprints and operating costs. For instance, in Japan, industrial plants and HVAC systems have increasingly adopted GPHEs due to their superior heat transfer efficiency, which helps reduce operational costs and emissions in industries such as automotive manufacturing and electronics. accounted for a significant market share of 35.22% in 2024. Asia Pacific is home to some of the world’s fastest-growing economies, such as China, India, Japan, South Korea, and Southeast Asian countries. As these nations industrialize and urbanize, there is a rising demand for various industrial equipment, including heat exchangers. The need for efficient heat transfer systems in industries like petrochemicals, chemicals, power generation, HVAC (Heating, Ventilation, and Air Conditioning), and food processing drives the demand for GPHEs in the region. There’s an increasing focus on energy conservation and environmental sustainability across Asia Pacific. Gasketed plate heat exchangers are favored for their high thermal efficiency, compact design, and energy-saving capabilities. In many cases, they can reduce the overall energy consumption in processes, making them highly suitable for companies looking to reduce carbon footprints and operating costs. For instance, in Japan, industrial plants and HVAC systems have increasingly adopted GPHEs due to their superior heat transfer efficiency, which helps reduce operational costs and emissions in industries such as automotive manufacturing and electronics.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Gasketed Plate Heat Exchanger Market due to rapid industrialization, urbanization, and increasing investments in infrastructure and energy sectors. The region’s expanding manufacturing base, particularly in chemicals, pharmaceuticals, and power generation, drives demand for efficient heat exchange solutions.

The current report Scope analyzes Gasketed Plate Heat Exchanger Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Gasketed Plate Heat Exchanger Market Analysis

According to Cognitive Market Research, the global Gasketed Plate Heat Exchanger market size was estimated at USD 3254.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1301.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gasketed Plate Heat Exchanger market with a market size of USD 1027.15 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The nation's robust thermal management solutions in diverse industrial settings.
• The Canada Gasketed Plate Heat Exchanger market had a market share of USD 156.22 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's robust thermal management solutions in diverse industrial settings.
• The Mexico Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 118.47 million in 2024.

Europe Gasketed Plate Heat Exchanger Market Analysis

According to Cognitive Market Research, the global Gasketed Plate Heat Exchanger market size was estimated at USD 3254.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 976.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Gasketed Plate Heat Exchanger market had a market share of USD 164.03 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Gasketed Plate Heat Exchanger sales witness an upswing due to the nation's heightened emphasis on energy efficiency and stringent environmental regulations.
• The France Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 89.83 million in 2024.
• According to Cognitive Market Research, the German Gasketed Plate Heat Exchanger market size was valued at USD 193.32 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Gasketed Plate Heat Exchanger surged due to the heightened emphasis on energy efficiency and stringent environmental regulations.
• The Italy Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 83.97 million in 2024.
• The Russia Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 151.34 million in 2024.
• The Spain Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 80.06 million in 2024
• The Luxembourg Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 30.27 million in 2024.
• The Portugal Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 20.50 million in 2024.
• The Greece Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 11.72 million in 2024.
• Rest of Europe's Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 151.34 million in 2024.

Asia Pacific Gasketed Plate Heat Exchanger Market Analysis

According to Cognitive Market Research, the global Gasketed Plate Heat Exchanger market size was estimated at USD 3254.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 748.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Gasketed Plate Heat Exchanger market size was valued at USD 336.85 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Gasketed Plate Heat Exchanger surged in China due to the rapid industrialization and infrastructure development.
• The Japan Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 103.30 million in 2024.
• The India Gasketed Plate Heat Exchanger market had a market share of USD 89.83 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's rapid industrialization and infrastructure development.
• The South Korean Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 74.86 million in 2024.
• The Australian Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 38.93 million in 2024.
• The South East Asia Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 51.65 million in 2024.
• The Rest of Asia Pacific Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 53.15 million in 2024.

South America Gasketed Plate Heat Exchanger Market Analysis

According to Cognitive Market Research, the global Gasketed Plate Heat Exchanger market size was estimated at USD 3254.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 162.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Gasketed Plate Heat Exchanger market size was valued at USD 69.65 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Gasketed Plate Heat Exchangers flourished in Brazil due to the growing demands in sectors like petrochemicals and mining.
• Argentina's Gasketed Plate Heat Exchanger market had a market share of USD 27.34 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's growing demands in sectors like petrochemicals and mining.
• Colombia Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 14.48 million in 2024.
• Peru Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 13.34 million in 2024.
• Chile Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 11.72 million in 2024.
• The Rest of Latin America's Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 26.20 million in 2024.

Middle East Gasketed Plate Heat Exchanger Market Analysis

According to Cognitive Market Research, the global Gasketed Plate Heat Exchanger market size was estimated at USD 3254.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 65.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 27.86 million in 2024. Gasketed Plate Heat Exchanger sales flourish due to the expanding oil and gas operations and infrastructural development.
• The Egypt Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 6.83 million in 2024.
• The South Africa Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 10.28 million in 2024. Gasketed Plate Heat Exchanger sales flourish in South Africa due to expanding oil and gas operations and infrastructural development.
• The Turkey Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5.60 million in 2024.
• The Nigeria Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 6.83 million in 2024.
• The Rest of MEA Gasketed Plate Heat Exchanger market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 7.68 million in 2024.

Gasketed Plate Heat Exchanger Market Analysis

How are Segments Performing in the Global Gasketed Plate Heat Exchanger Market?

Gasketed Plate Heat Exchanger Market Type Segment Analysis

According to cognitive market research, 501-1000 kW segment dominate in the market. Based on power class, 501-1000 kW segment held the 37.87% of market share in 2024. The segment of gasketed plate heat exchangers (GPHEs) rated between 501–1000 kW is dominating the market due to their critical role in large-scale industrial applications and district heating systems. These high-capacity units are designed to manage substantial heat loads, which makes them essential for enhancing energy efficiency and boosting productivity in sectors like power generation. In power plants, GPHEs are utilized to recover waste heat, which can then be redirected for other processes or converted into energy, thereby reducing overall energy consumption and lowering emissions. Furthermore, district heating networks rely on these heat exchangers to effectively transfer heat from power plants to residential and commercial areas, particularly in colder climates. 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gasketed Plate Heat Exchanger Industry. Request a Free Sample PDF!

Gasketed Plate Heat Exchanger Market Size Segment Analysis

According to cognitive market research, medium (1-10 m²) segment dominate in the market. Based on size, medium (1-10 m²) segment held the 50.26% of market share in 2024. The medium-sized segment of gasketed plate heat exchangers (GPHEs), with a heat transfer area ranging from 1 to 10 square meters, is dominating the market due to their versatility and ability to meet the diverse needs of various industries. These units are crucial in sectors such as chemical processing, marine operations, and renewable energy production, where effective heat management is vital. In chemical plants, they help regulate temperatures during key processes like distillation, ensuring safety and optimizing output. In the marine industry, their corrosion resistance and dependable performance in challenging environments make them essential for engine cooling systems. 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gasketed Plate Heat Exchanger End-User Industry Segment Analysis

Gasketed Plate Heat Exchanger Market End-User Segment Analysis

According to cognitive market research, food & beverage segment dominate in the market. Based on end user industry, food & beverage segment accounted for the 29.04% of market share in 2024. The food and beverage sector's dominance in the gasketed plate heat exchanger (GPHE) market can be attributed to their crucial role in essential processes such as pasteurization, sterilization, and thermal stabilization, which are necessary for maintaining product safety and quality. These heat exchangers are specifically designed with hygienic features, including smooth surfaces and minimal dead zones, to comply with stringent food safety regulations and reduce contamination risks. Their modular design and efficient heat transfer capabilities make them perfect for streamlining production processes while also minimizing energy consumption. As consumer demand for high-quality, safe food products grows, along with a heightened industry focus on sustainability and energy efficiency, the adoption of advanced GPHEs has expanded. 

• Oil & Gas
• Chemical Processing
• Power Generation
• Food & Beverage
• Pharmaceuticals & Biotechnology
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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