The report "Plate and Frame Heat Exchanger Market by Type (Gasketed, Welded, and Brazed), Application (Chemicals, Petrochemicals and Oil & Gas, HVAC & Refrigeration, Food & Beverages, Power Generation, and Pulp & Paper), and Region – Global Forecast to 2028", The Plate and frame heat exchanger market is projected to reach USD 8.1 Billion by 2028, at a CAGR of 6.5% from USD 5.9 Billion in 2023.The Plate and frame heat exchanger market is driven by the demand for plate and frame heat exchangers in various industries, including chemicals, petrochemicals, oil & gas, HVAC & refrigeration, food & beverages, power generation, and pulp & paper. Moreover, it is also driven by rapidly developing and emerging economies such as India and China.

New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the plate and frame heat exchangers market include Alfa Laval (Sweden), Danfoss (Denmark), Kelvion Holding GmbH (Germany), SPX Flow (US), XYLEM (US), API Heat Transfer (US), H. Guntner (UK) LTD. (England), Boyd Corporation (US), Johnson Controls (Ireland), and Wabtec Corporation (US).