The Brazed Plate Heat Exchangers Market is expected to grow USD 1,120 million by 2024, at a CAGR of 7.0%. The major factors driving the BPHEs market include the growth of the global construction sector and the increasing use of HVACR systems in the sector along with technological developments in BPHEs.

The global construction sector is growing rapidly, owing to the increasing focus and investments in the sector. This growth of the sector is expected to increase the demand of HVACR systems. BPHEs are used in HVACR systems, and hence, the BPHEs market in HVACR industry is expected to witness the highest growth rate.

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Europe is the largest market of BPHEs. This region has the presence of most global leaders operating in the BPHEs market. The European region has a big HVACR industry along with stringent energy efficiency regulations, which boosts the demand for BPHEs in region. In addition, the region has one of the largest chemical production sectors in the world, which helps the growth of BPHEs market in Europe.

The major vendors in the BPHEs market include Alfa Laval (Sweden), Kelvion (Germany), SWEP (Sweden), Danfoss (Denmark), Xylem (US), API Heat Transfer (US), Chart Industries (US), Hisaka Works (Japan), Kaori (Taiwan), Paul Mueller Company (US), Baode Heat Exchanger (China), Barriquand Group (France), Boyd Corporation (US), Diversified Heat Transfer (US), Funke (Germany), HRS Heat Exchangers (UK), HYDAC (Germany), Onda (Italy), Secespol (Poland), and Weil-McLain (US).