Sanitary gasketed plate heat exchangers market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Feb. 2, 2023 /PRNewswire/ -- According to Technavio, the global sanitary gasketed plate heat exchangers market size is estimated to grow by USD 772.25 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.97% during the forecast period. APAC will account for 38% of the market's growth during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 1978.40 million. For more Insights, Request a sample report

Global Sanitary gasketed plate heat exchangers market - Five Forces
The global sanitary gasketed plate heat exchangers market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global sanitary gasketed plate heat exchangers market – Customer landscape 

The report includes the market's adoption lifecycle, 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.

Global sanitary gasketed plate heat exchangers market - Segmentation assessment

Segment Overview
Technavio has segmented the market based on application (food and beverage, dairy, biotech and pharmaceutical, home and personal care, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The food and beverage segment will grow at the highest rate during the forecast period. This is due to the increased demand for processed food brought on by improved economic conditions in developed economies. Sanitary GPHE is widely used in the food and beverage industry for various applications such as general heating, general cooling, energy-efficient evaporation and condensation, thermal solution sterilization, fragrance recovery, pasteurization, and deaeration. The use of sanitary GPHE in the food and beverage industry allows for the efficient and safe transfer of heat, which is essential for the production of high-quality food and beverages. This trend will lead to the growth of the food and beverage segment during the forecast period.

Geography overview
By geography, the global sanitary gasketed plate heat exchangers market is segmented into APAC, North America, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global sanitary gasketed plate heat exchangers market.

• APAC will account for 38% of the market's growth during the forecast period. This is due to the high demand for food in the region, particularly in the two most populous nations, China and India. The food and beverage market in APAC has been expanding rapidly, driven by an increasing population and rising disposable income. In APAC, the food and beverage business is primarily dominated by the unorganized sector, with many small and medium-sized business enterprises (SMEs) present in the region. With the growth of the e-commerce industry, SMEs are able to cater to a larger consumer base, which in turn drives the demand for sanitary GPHE in the food and beverage industry during the forecast period.

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Global sanitary gasketed plate heat exchangers market – Market dynamics

Key factor driving market growth

• The rising demand from the water and wastewater industry is the key factor driving the global sanitary gasketed plate heat exchangers market growth.
• For manufacturing sectors like medicines, food and beverage, and paper and pulp, water is a crucial element. The rising manufacturing operations in these end-user industries must comply with the strict environmental laws and water conservation standards established by governing agencies.
• In order to meet the growing demand for water, particularly in developing economies, more water treatment facilities will be established. This will significantly increase the need for sanitary GPHEs and boost the growth potential of the market during the forecast period.

Leading trends influencing the market 

• Growth in aftermarket sales is the primary trend in the global sanitary gasketed plate heat exchangers market growth.
• Depending on the application, gaskets have a short lifespan. To maintain process efficiency by stopping leaks and to comply with federal or local emission requirements, they must be updated on a regular basis.
• Vendors are concentrating more on aftermarket sales as most of these seals have a short lifespan and require frequent replacement.
• Additionally, technological advances in the design of sanitary GPHE and the developing chemical industry in China and India are expected to drive the growth of the global sanitary GPHE market during the forecast period.

Major challenges hindering the market growth

• Volatility in raw material prices is a major challenge to the global sanitary gasketed plate heat exchangers market growth.
• It is anticipated that the market expansion will be hampered by changes in the price of the raw materials used to make sanitary GPHE. The cost of production is anticipated to rise due to the increase in the price of these raw materials, which will therefore lower vendors' profit margins.
• The price of transportation, secondary materials, and the energy used in the manufacturing of hygienic GPHE are all rising. Furthermore, factors like high market competition and stringent regulations and policies are expected to hinder the growth of the global sanitary GPHE market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this sanitary gasketed plate heat exchangers market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the sanitary gasketed plate heat exchangers market between 2023 and 2027
• Precise estimation of the size of the sanitary gasketed plate heat exchangers market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the sanitary gasketed plate heat exchangers market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of sanitary gasketed plate heat exchangers market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 13: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global sanitary gasketed plate heat exchangers market 2017 - 2021
• Exhibit 17: Historic Market Size – Data Table on Global sanitary gasketed plate heat exchangers market 2017 - 2021 ($ million)

• 4.2 Applicaton Segment Analysis 2017 - 2021
• Exhibit 18: Historic Market Size – Applicaton Segment 2017 - 2021 ($ million)

• 4.3 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.4 Country Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 21: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 27: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 28: Chart on Application - Market share 2022-2027 (%)
• Exhibit 29: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 30: Chart on Comparison by Application
• Exhibit 31: Data Table on Comparison by Application

• 6.3 Food and beverage - Market size and forecast 2022-2027
• Exhibit 32: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 33: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 35: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

• 6.4 Dairy - Market size and forecast 2022-2027
• Exhibit 36: Chart on Dairy - Market size and forecast 2022-2027 ($ million)
• Exhibit 37: Data Table on Dairy - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Chart on Dairy - Year-over-year growth 2022-2027 (%)
• Exhibit 39: Data Table on Dairy - Year-over-year growth 2022-2027 (%)

• 6.5 Biotech and pharmaceutical - Market size and forecast 2022-2027 
• Exhibit 40: Chart on Biotech and pharmaceutical - Market size and forecast 2022-2027 ($ million)
• Exhibit 41: Data Table on Biotech and pharmaceutical - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Chart on Biotech and pharmaceutical - Year-over-year growth 2022-2027 (%)
• Exhibit 43: Data Table on Biotech and pharmaceutical - Year-over-year growth 2022-2027 (%)

• 6.6 Home and personal care - Market size and forecast 2022-2027 
• Exhibit 44: Chart on Home and personal care - Market size and forecast 2022-2027 ($ million)
• Exhibit 45: Data Table on Home and personal care - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Chart on Home and personal care - Year-over-year growth 2022-2027 (%)
• Exhibit 47: Data Table on Home and personal care - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 48: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 52: Market opportunity by Application ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 54: Chart on Market share by geography 2022-2027 (%)
• Exhibit 55: Data Table on Market share by geography 2022-2027 (%)

• 8.2 Geographic comparison 
• Exhibit 56: Chart on Geographic comparison
• Exhibit 57: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2022-2027
• Exhibit 58: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 8.4 North America - Market size and forecast 2022-2027
• Exhibit 62: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 8.5 Europe - Market size and forecast 2022-2027
• Exhibit 66: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 8.6 South America - Market size and forecast 2022-2027
• Exhibit 70: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 8.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 74: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 8.8 China - Market size and forecast 2022-2027
• Exhibit 78: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2022-2027 (%)

• 8.9 US - Market size and forecast 2022-2027
• Exhibit 82: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on US - Year-over-year growth 2022-2027 (%)

• 8.10 India - Market size and forecast 2022-2027
• Exhibit 86: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on India - Year-over-year growth 2022-2027 (%)

• 8.11 Canada - Market size and forecast 2022-2027
• Exhibit 90: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 93: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 8.12 Germany - Market size and forecast 2022-2027
• Exhibit 94: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 97: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 8.13 Market opportunity by geography 
• Exhibit 98: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 99: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 100: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 101: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 102: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 103: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 104: Matrix on vendor position and classification

• 11.3 Alfa Laval Corporate AB 
• Exhibit 105: Alfa Laval Corporate AB - Overview
• Exhibit 106: Alfa Laval Corporate AB - Business segments
• Exhibit 107: Alfa Laval Corporate AB - Key news
• Exhibit 108: Alfa Laval Corporate AB - Key offerings
• Exhibit 109: Alfa Laval Corporate AB - Segment focus

• 11.4 API Heat Transfer Inc. 
• Exhibit 110: API Heat Transfer Inc. - Overview
• Exhibit 111: API Heat Transfer Inc. - Product / Service
• Exhibit 112: API Heat Transfer Inc. - Key offerings

• 11.5 Danfoss AS 
• Exhibit 113: Danfoss AS - Overview
• Exhibit 114: Danfoss AS - Business segments
• Exhibit 115: Danfoss AS - Key news
• Exhibit 116: Danfoss AS - Key offerings
• Exhibit 117: Danfoss AS - Segment focus

• 11.6 Delta T Heat Exchangers 
• Exhibit 118: Delta T Heat Exchangers - Overview
• Exhibit 119: Delta T Heat Exchangers - Product / Service
• Exhibit 120: Delta T Heat Exchangers - Key offerings

• 11.7 Hisaka Works Ltd. 
• Exhibit 121: Hisaka Works Ltd. - Overview
• Exhibit 122: Hisaka Works Ltd. - Product / Service
• Exhibit 123: Hisaka Works Ltd. - Key offerings

• 11.8 Kelvion Holding GmbH 
• Exhibit 124: Kelvion Holding GmbH - Overview
• Exhibit 125: Kelvion Holding GmbH - Product / Service
• Exhibit 126: Kelvion Holding GmbH - Key offerings

• 11.9 Paul Mueller Co. Inc. 
• Exhibit 127: Paul Mueller Co. Inc. - Overview
• Exhibit 128: Paul Mueller Co. Inc. - Business segments
• Exhibit 129: Paul Mueller Co. Inc. - Key offerings
• Exhibit 130: Paul Mueller Co. Inc. - Segment focus

• 11.10 Southwest Thermal Technology Inc. 
• Exhibit 131: Southwest Thermal Technology Inc. - Overview
• Exhibit 132: Southwest Thermal Technology Inc. - Product / Service
• Exhibit 133: Southwest Thermal Technology Inc. - Key offerings

• 11.11 SPX FLOW Inc. 
• Exhibit 134: SPX FLOW Inc. - Overview
• Exhibit 135: SPX FLOW Inc. - Business segments
• Exhibit 136: SPX FLOW Inc. - Key offerings
• Exhibit 137: SPX FLOW Inc. - Segment focus

• 11.12 Techtrans Engineers 
• Exhibit 138: Techtrans Engineers - Overview
• Exhibit 139: Techtrans Engineers - Product / Service
• Exhibit 140: Techtrans Engineers - Key offerings

• 11.13 Tranter 
• Exhibit 141: Tranter - Overview
• Exhibit 142: Tranter - Product / Service
• Exhibit 143: Tranter - Key offerings

• 11.14 Varalka Engineers Pvt. Ltd. 
• Exhibit 144: Varalka Engineers Pvt. Ltd. - Overview
• Exhibit 145: Varalka Engineers Pvt. Ltd. - Product / Service
• Exhibit 146: Varalka Engineers Pvt. Ltd. - Key offerings

• 11.15 Wenzhou Ace Machinery Co. Ltd. 
• Exhibit 147: Wenzhou Ace Machinery Co. Ltd. - Overview
• Exhibit 148: Wenzhou Ace Machinery Co. Ltd. - Product / Service
• Exhibit 149: Wenzhou Ace Machinery Co. Ltd. - Key offerings

• 11.16 Wuxi Bes Heat Exchangers Co. Ltd. 
• Exhibit 150: Wuxi Bes Heat Exchangers Co. Ltd. - Overview
• Exhibit 151: Wuxi Bes Heat Exchangers Co. Ltd. - Product / Service
• Exhibit 152: Wuxi Bes Heat Exchangers Co. Ltd. - Key offerings

• 11.17 Xylem Inc. 
• Exhibit 153: Xylem Inc. - Overview
• Exhibit 154: Xylem Inc. - Business segments
• Exhibit 155: Xylem Inc. - Key offerings
• Exhibit 156: Xylem Inc. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 157: Inclusions checklist
• Exhibit 158: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 159: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 160: Research methodology
• Exhibit 161: Validation techniques employed for market sizing
• Exhibit 162: Information sources

• 12.5 List of abbreviations 
• Exhibit 163: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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