Europe Heat Pump Brazed Plate Heat Exchangers Market Size - By Product (Evaporators, Condensers, Water to Water Heat Exchangers), Growth Outlook & Forecast, 2024 - 2032

Europe Heat Pump Brazed Plate Heat Exchangers Market Size - By Product (Evaporators, Condensers, Water to Water Heat Exchangers), Growth Outlook & Forecast, 2024 - 2032

Europe Heat Pump Brazed Plate Heat Exchangers Market Size

Europe Heat Pump Brazed Plate Heat Exchangers Market was valued at over USD 900 million in 2023 and is set to observe a growth rate of 18.9% during 2024 and 2032, on account of the rising demand for efficient space heating technologies along with the continuous development of residential and commercial establishments. Furthermore, the ongoing replacement of conventional heating systems and their components with more sustainable heat pump units and enhanced technological components to curb carbon emissions will augment the industry outlook.

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Positive outlook towards deployment of sustainable heating & cooling technologies along with the introduction of stringent building energy performance standards for residential, commercial, and industrial building infrastructures will stimulate the Europe heat pump systems installation dynamics, thereby propelling the industry landscape.
 

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COVID- 19 Impact

The COVID-19 pandemic introduced a minor setback to the heat pump industry owing to the government-imposed restrictions focused at restricting the virus spread. Europe heat pump brazed plate heat exchangers market encountered a substantial impact from the pandemic, as the global supply chain, experienced severe disruptions on account of government-imposed lockdowns and restrictions, causing manufacturing facilities worldwide to either shut down temporarily or operate at reduced capacities. These disruptions, in turn, led to delays in the production and distribution of essential components crucial for the manufacturing of brazed plate heat exchangers.

However, as conditions gradually improved and restrictions were lifted, the brazed plate heat exchangers industry began its journey towards recovery. The shifted focus on indoor air quality and ventilation, especially in commercial buildings, redirected attention to heating, cooling, and air circulation systems, is likely to proliferate the business dynamics.

Europe Heat Pump Brazed Plate Heat Exchanger Market Trends

The Europe heat pump brazed plate heat exchangers market is poised for Prominent growth owing to significant technological advancements in several heat pump systems. The varying climatic conditions across different European regions, together with elevating pollution levels and the impacts of global warming, have amplified the need for enhanced innovations in heat pump technologies. Growing demand for energy efficiency, adoption of renewable energy sources and systems, emphasis on sustainable technologies that help to reduce carbon footprints has created new opportunities for manufacturers operating in the brazed plate heat pump heat exchangers market.

Europe Heat Pump Brazed Plate Heat Exchangers Market Analysis

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The evaporators segment is predicted to showcase noteworthy growth owing to the increasing preference for reliable, user-friendly, and efficient space heat pump components. Furthermore, industries are increasingly placing high priority on the swift adoption of solutions that are not only sustainable and cost-effective but also energy efficient. This urgency arises from the pivotal role these units play in facilitating efficient heat transfer between fluids, all while mitigating energy losses to a minimum.
 

Condensers segment is register robust expansion on account of elevating requirements for efficient and dependable space heating and cooling solutions across diverse application domains, coupled with the rising adoption of advanced technological systems. The capacity of these systems to deliver various operational advantages, encompassing cost-effectiveness, increased efficiency, and steadfast functionality, will propel the product demand. Moreover, the accelerating consumer demand for energy-efficient systems across both commercial and residential establishments coupled with the ongoing deployment of air to water heat pump systems to curb carbon emissions, will positively influence the Europe heat pump brazed plate heat exchangers market outlook.

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The Germany heat pump brazed plate heat exchangers industry reached USD 106 million in 2022 and is projected to witness a strong growth in 2032. Several factors contribute to this growth, notably the advancement of residential and commercial infrastructure alongside favorable economic circumstances. The government support through the implementation of advantageous policies and financial schemes including subsidies, financial assistance, and tax incentives, has significantly spurred the adoption and integration of heat pumps and its components.

The nation’s initiatives to improve heating and cooling efficiency in residential and commercial buildings have further stimulated the demand for these units. The integration of brazed plate heat exchangers aligns with the country’s broader efforts to reduce carbon emissions and enhance energy sustainability. In addition, the ongoing efforts aligned with the country's commitment to sustainability and have provided a significant boost to the deployment of brazed plate heat exchanger units across the heat pump systems.

Europe Heat Pump Brazed Plate Heat Exchangers Market Share

Key players in the Europe heat pump brazed plate heat exchangers market are actively engaged in forging strategic collaborations and partnerships to introduce innovative technologies. They are also increasing investments in manufacturing and installation capacities to enhance their position in the industry compared to their competitors. Major companies operating in the industry include

• Danfoss
• SWEP International AB
• Kelvion Holding GmbH
• Paul Muller Company
• Sanhua
• Xylem
• Hexonic LTD
• FUNKE WÄRMEAUSTAUSCHER APPARATEBAU GMBH
• AIC
• Chart Industries
• Boyd
• UK Exchangers Ltd.
• HRS Heat Exchangers
• BARRIQUAND Group

Europe Heat Pump Brazed Plate Heat Exchangers Market News

• In May 2023, ALFA LAVAL announced the enhancement of its production capacity for brazed plate heat exchangers. The company's business unit specializing in brazed and fusion bonded heat exchangers has outlined its intentions to elevate the production output of copper-brazed plate heat exchangers. This expansion initiative will involve utilizing additional facilities situated within its existing locations in Italy, China, and Sweden. These highly compact and efficient heat exchangers offer a hassle-free solution for a wide spectrum of applications, encompassing functions such as heating, cooling, evaporation, and condensation. Moreover, these heat exchangers find compatibility with heat pump systems. Through the expansion of its manufacturing capabilities, the company is strategically positioning itself to capture growth opportunities and establish a prominent market presence.
• In February 2023, Sanhua unveiled a new line of brazed plate heat exchangers (BPHEs), which offers beneficial advantages compared to alternative heat exchangers designed for similar purposes. These meticulously engineered BPHEs can provide superior heat transfer efficiency, while ensuring minimal pressure drops and possessing the capability to manage pressures of up to 50 bar. These units find applicability in a wide array of scenarios, encompassing heat pumps, chillers, and boilers. This product launch is set to expand the company's product portfolio within the heat exchangers segment.

This Europe heat pump brazed plate heat exchangers market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2019 to 2032, for the following segments

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By Product

• Evaporators
• Condensers
• Water to water heat exchangers

The above information has been provided for the following countries

• Europe
  • Austria
  • Norway
  • Denmark
  • Finland
  • France
  • Germany
  • Italy
  • Switzerland
  • Spain
  • Sweden
  • UK
  • Netherlands