India Gasketed Plate Heat Exchanger Market is expected

PORTLAND, OR, Aug. 24, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, India gasketed plate heat exchanger market was estimated at $184.7 million in 2021 and is expected to reach $276.2 million by 2031, registering a CAGR of 4.1% from 2022 to 2031. The report provides detailed analysis of top investment pockets, top winning strategies, drivers and opportunities, market size. and projections, competitive landscape, and evolving market trends. Market research is a useful source of information for new entrants, investors and shareholders to build strategies for the future and advance their position in the market.

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Report coverage and details:

Report coverage Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $184.7 million
Market size in 2031 $276.2 million
CAGR 4.1%
Number of pages in the report 129
Sections covered Type, material, and end-use.
Drivers Rapid industrialization
Increase in demand for electricity generation
opportunities Increasing its adoption in many industries
Restrictions Fluctuations in raw material prices

Covid-19 scenario-

  • As a result of the strict lockdown imposed in the country, most of the industries across the country have been forced to shut down operations. Due to nationwide lockdown, infrastructure related activities have been disrupted. This, in turn, negatively affected the India Gasketed Plate Heat Exchanger market.
  • Manufacturers of Gasket Plate Heat Exchangers were facing difficulties due to crisis including production delays due to lockouts, reduced labor availability, supply chain delays and fluctuating raw material prices. However, the market has already started to get back on track and is expected to recover soon.

The India Gasketed Plate Heat Exchanger market is analyzed by type, material, and end-use. The report provides a detailed analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and formulate strategies based on the highest revenue generation. Fastest growing segments It is said in the report.

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Based on type, the industrial GPHE segment contributed more than two-thirds of India’s gasket plate heat exchanger market revenue in 2021, and is expected to dominate by 2031. The same segment will also exhibit the fastest CAGR of 4.3% in the forecast. period. Wide gap GPHE and semi welded GPHE segments are also evaluated in the study.

On the basis of end-user, the food and beverage sector accounted for almost half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment will also reveal a rapid CAGR of 4.5% throughout the forecast period. Other segments analyzed in the report cover chemical, HVAC and refrigeration, and oil and gas.

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On the basis of material, the stainless steel segment generated four-fifths of the total market revenue in 2021 over two-fifths, and is estimated to retain the lion’s share till 2031. The same segment will also reveal the fastest CAGR of 4.2%. Forecast period. Other segments studied in the report include titanium and tungsten.

Key market players analyzed in the India Gasket Plate Heat Exchanger market report include Danfoss, Hetex Industries Limited, HRS Process Systems Limited, HYDAC International GmbH, Alfa Laval, Kelvin Holding GmbH, Majestic Marine & Engineering Services, Process Engineers & Associates. Xylem, Veda Engineering, Transcon Engineers Pvt. Ltd., Delta Cooling Towers P. Ltd., Techtrans Engineers, and Trantor. These market players have adopted several strategies including partnerships, expansions, collaborations, joint ventures, and others to highlight their potential in the industry. The report helps build business performance, product portfolio, operating segments, and growth by top players.

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Allied Market Research (AMR) is the full-service market research and business-consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides unmatched quality of “market research reports” and “business intelligence solutions” to global enterprises as well as medium and small businesses. AMR aims to provide business insights and consulting to help its clients take strategic business decisions and achieve sustainable growth in their respective market domains.

We have professional corporate relationship with various companies and it helps us to dig market data which helps us to generate accurate research data tables and confirms utmost accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research It is instrumental in motivating and encouraging everyone associated with the company to maintain the highest quality of data and help customers achieve success as much as possible. Each and every data presented in the reports published by us is extracted through primary interviews with top executives of leading companies in respective domains. Our secondary data procurement methodology includes in-depth online and offline research and discussions with knowledgeable industry professionals and analysts.

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