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The sanitary gasketed plate heat exchangers (GPHE) market size is forecast to increase by USD 771.5 million, at a CAGR of 5.71% between 2023 and 2028. The market is experiencing significant growth, driven by the rising demand from the water and wastewater industry. This sector's increasing focus on energy efficiency and cost savings is leading to the widespread adoption of sanitary GPHEs. Technological advances in the design of these heat exchangers, such as the use of advanced materials and improved plate designs, are further fueling market growth. However, the market is also facing challenges from high competition, with numerous players vying for market share. To stay competitive, companies are focusing on innovation and offering customized solutions to meet the specific needs of different industries. Overall, the sanitary GPHE market is expected to continue its growth trajectory, driven by these trends and the increasing demand for energy-efficient and cost-effective heat exchange solutions. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the market research report includes historic market data from 2018 to 2022.
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Sanitary gasketed plate heat exchangers (GPHEs) play a crucial role in the water and wastewater industry by ensuring efficient heat transfer between two fluids while maintaining hygienic conditions. Technological advances in GPHEs have led to the development of various types, including Industrial GPHEs, Semi-Welded GPHEs, and Wide Gap GPHEs, made of materials like Stainless Steel, Titanium, and Tungsten. These exchangers offer space-saving designs, easy serviceability, maximum uptime, and high thermal efficiency. The market for sanitary gasketed plate heat exchangers is driven by the need for reliable data and energy-efficient solutions in diverse industries such as HVAC, Refrigeration, Food & Beverage, and Chemical. Pricing and promotions are key factors influencing market growth. Fouling, a common issue in heat exchangers, is being addressed through advanced designs and materials. Economic uncertainty also impacts the market. Key players in the market include API Heat Transfer, Diversified Heat Transfer, and other prominent players. The Sanitary Gasketed Plate Heat Exchangers Market is expected to grow significantly due to the increasing demand for water and wastewater treatment, the need for energy efficiency, and the adoption of advanced technologies. The market is also driven by the growing demand for sanitary and hygienic solutions in various industries, including HVAC, Refrigeration, Food & Beverage, and Chemical. The market is expected to face challenges due to economic uncertainty and the high cost of raw materials. Despite these challenges, the market is expected to grow at a steady pace due to the increasing demand for reliable and efficient heat transfer solutions.
The rising demand from the water and wastewater industry is the key factor driving the global sanitary gasketed plate heat exchangers market growth. Sanitary GPHE optimizes water temperature and increases the energy efficiency of water treatment plants. Anaerobic digestion processes for the biological stabilization of municipal sewage sludge are widely used in most sewage treatment plants. As energy costs continue to rise, new wastewater treatment plants are installing sanitary panels and spiral GPHEs to reduce energy consumption and improve operational efficiency.
Further, water is a critical element for manufacturing industries, such as pharmaceuticals, food and beverage, and paper and pulp. The expanding production activities in these end-user industries must comply with the stringent environmental regulations and water conservation norms framed by governing agencies. New water treatment facilities will be established to meet the rising demand for water, especially in developing economies, thereby creating significant demand for sanitary GPHEs and driving the growth potential of the global sanitary GPHE market during the forecast period
Growth in aftermarket sales is the primary trend in the global sanitary gasketed plate heat exchangers market growth. Gaskets have a short lifespan, which varies based on the application. They need to be replaced regularly to comply with federal or local emission regulations and to maintain process efficiency by eliminating leakages. The replacement or upgrade of gaskets contributes significantly to the growth of the global sanitary GPHE market. Gaskets are a critical component in pumps, compressors, and agitators, among others. The high pressure or high temperature of fluids, which causes even a small leak or minuscule damage, necessitates the replacement of the gasket.
A major share of the global sanitary GPHE market is based on aftermarket sales. The majority of mechanical seal replacements are like-for-like, which means that end-users that use cartridge seals will continue only to use cartridge seals. As most of these seals have a short lifespan and need frequent replacement, companies are also focusing more on aftermarket sales. Such growth in aftermarket sales is expected to drive the growth of the global sanitary GPHE market during the forecast period.
Volatility in raw material prices is a major challenge to the global sanitary gasketed plate heat exchangers market growth. Furthermore, the fluctuations in the prices of raw materials for the production of sanitary GPHE are expected to hamper the market growth. Some of the raw materials required for manufacturing sanitary GPHE include stainless steel, aluminum, titanium, copper, silicone, PTFE, thermoplastic polyurethane (TPU), fluorocarbon elastomer, natural rubber, and graphite. The increase in the prices of these raw materials is expected to increase the cost of production and result in a subsequent decline in the profit margins of market vendors.
Additionally, the cost of energy consumed in the production of sanitary GPHE, along with that of transportation and secondary materials, is also increasing. The price is expected to witness a 20% increment due to the rise in energy and labor costs. Hence, such factors are expected to hinder the growth of the global sanitary GPHE market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market forecast report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the food and beverage segment will be significant during the forecast period. The food and beverage industry requires optimized sanitary GPHE to ensure reliable production processes, energy efficiency, and hassle-free cleaning procedures. All these factors enable companies in the industry to deliver safe yet competitive products. Such factors will increase the market growth during the forecast period.
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The food and beverage segment was valued at USD 859.20 million in 2018. Major applications of sanitary GPHE in the food and beverage industry, such as general heating, general cooling, energy-efficient evaporation and condensation, thermal solution for sterilization, aroma recovery, pasteurization, and de-aeration. The rising demand for processed food due to the improvements in economic conditions in developed economies will result in the expansion of the food and beverage industry, thereby raising the market potential for sanitary GPHE in the industry during the forecast period.
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the highest contributor to the global sanitary GPHE market. The market in the region is expected to exhibit the same high growth rate during the forecast period. The food and beverage industry has been growing rapidly in APAC because the region is home to the two most populous countries in the world, namely China and India, resulting in high demand for food. The unorganized sector largely dominates the food and beverage industry in APAC.
The market report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The market is experiencing growth driven by their compact design, cost-effectiveness, and thermal performance. These exchangers, including industrial GPHE, semi-welded GPHE, and wide gap GPHE, are crucial in sectors such as chemical processing, oil & gas, and petrochemical industries. Their space-saving and easy to service attributes make them ideal for urbanization and infrastructure development projects, enhancing sustainability goals and energy transition efforts. Elastomeric gaskets are pivotal in ensuring the durability and resistance of these exchangers to corrosion and chemical processes, including waste water infrastructure and chemical process cooling. The market's investment plans highlight the focus on renewable energy and heat recovery technologies, aligning with broader sustainability and emission control objectives. Revenue contribution is significant, with a modular design facilitating efficient heat transfer and green energy utilization. The integration of brazed plate heat exchangers further supports energy efficient solutions and reduces greenhouse gas emissions, underscoring the market's commitment to environmental sustainability and advanced industrial applications.
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Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.71% |
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Market growth 2024-2028 |
USD 771.5 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.31 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 39% |
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Key countries |
China, US, India, Canada, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alfa Laval AB, API Heat Transfer Inc., Danfoss AS, Delta T Heat Exchangers, Hisaka Works Ltd., HRS Process Systems Ltd., Kelvion Holding GmbH, onda SPA, Paul Mueller Co. Inc., Process Engineers and Associates, Southwest Thermal Technology Inc., SPX FLOW Inc., Techtrans Engineers, Tranter, Varalka Engineers Pvt. Ltd., Ved Engineering, Wenzhou Ace Machinery Co. Ltd., Wuxi Bes Heat Exchangers Co. Ltd., and Xylem Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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