TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET

KEY FINDINGS

• The average price of Titanium Plate Heat Exchanger in the Global market by various Types is, Gasketed PHE at $1,800, Brazed PHE is around $1,350 and Welded PHE is around $1,950 as of 2022.
• The Global Titanium Plate Heat Exchanger Market is dominated by major players like Alfa Laval, SPX,Kelvin, API, Tranter, Jiangsu SunPower, andBade. These top 5 companies have a market share of 80.07% combined for the year 2022.
• The oil and gas industry is one of the largest users of titanium PHEs. Titanium PHEs are used in the oil and gas industry for a variety of applications, such as heat recovery, cooling, and desalination.
• One of the key drivers of the plate heat exchanger market is the increasing demand for energy-efficient solutions. With the growing focus on sustainability and reducing carbon emissions, industries are adopting these heat exchangers to improve their energy efficiency and reduce operating costs.
• The MEA petrochemical sector, including countries like Qatar and Iran, depends on titanium plate heat exchangers for heat transfer in the production of chemicals, plastics, and other petrochemical products.
• The market is facing challenges due to a lack of awareness about energy-efficient buildings. Energy-efficient buildings reduce energy consumption, lower operating costs, and have a positive environmental impact. However, the lack of awareness about these advantages leads to a limited demand for heat exchangers.

INTRODUCTION TO TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET

A new kind of highly efficient heat exchanger constructed of several titanium sheets with specific corrugated forms is called a titanium plate heat exchanger. Heat exchange occurs through the half plates, which are arranged in thin rectangular channels between the various plates.

The titanium plate heat exchanger's basic design. Frame and titanium plate make up the majority of a titanium plate heat exchanger. Titanium plates are created by pressing titanium plates into corrugations with a variety of molds. Each titanium plate has four corners with angular holes for media flow channels.

Rubber gaskets are used to seal the titanium plate's perimeter and corner holes. A fixed pressing plate, a moveable pressing plate, upper and lower guide rods, and clamping bolts make up the frame. The titanium plates are stacked between the fixed compression plate and the moveable compression plate to create the titanium plate heat exchanger, which is then secured by clamping bolts.

TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET RECENT DEVELOPMENT AND INNOVATION

The current 5113 line, which offers cupro-nickel and stainless steel versions, is already a market leader for Bowman. Swimming pool heat exchanger sales have significantly increased globally ever since the 5113 series was introduced. With the new Titanium Heat Exchanger, which bolsters our already well-known 5113 brand, we anticipate a significant sales increase. 

For quick PHE construction and fulfillment, Tricor Metal keeps SS316 and titanium plates in stock.For practically all brands of PHEs, They provide replacement parts and reconditioning services.    

TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET TRENDS

Thinner PHE plates:There is a growing demand for the use of titanium metal to make thinner, wider PHE plates to increase efficiency and performance. 

PHE Thermal and Hydraulic Performance:All manufacturers’ developed titanium PHE plates undergo thermal and hydraulic tests to obtain the required accurate correlations for the computer-based design of PHEs with these for commercial use.

Use in the shipping industry of titanium PHE:Due to salt corrosion that happens in ships often, titanium PHEs are becoming pretty common in the shipping industry to strengthen the corrosion treatment of sheet metal as titanium is less corrosive.

Welded Plate Heat Exchanger in eclectic power plants:In the electric power field, welded titanium tubes for power plant condensers or titanium sheets (hoops) used as materials for welded titanium tubes are the main applications for titanium. Welded titanium tubes for condensers are used in thermal power generation ornuclear power generation.

TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET SIZE AND FORECAST

The Global Titanium Plate Heat Exchanger (PHE) market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET DYNAMICS

Titanium has exceptional corrosion resistance, especially in chlorine-containing fluids, and despite its high cost, titanium-made plate heat exchangers are still commonly used in corrosive applications. The shaping of the plate, which is currently primarily done by pressing the plate, is the key to producing plate heat exchangers.

Pure titanium GR1, GR2, and titanium palladium alloy with a thickness of 0.4 to 1.5 mm are typically used to create titanium and titanium alloy plate heat exchangers.

Heat transfer efficiency and flow resistance are significantly impacted by the heat transfer plate's corrugated design. The Z-shaped corrugated plate and the horizontal flat corrugated plate are the two most common varieties of corrugated heat transfer plates that have been designed to fulfill the requirements of various heat transfer circumstances.

Carbon steel, stainless steel, aluminum and its alloys, brass, monel alloy, nickel, titanium, etc. are all examples of sheet materials.

TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET SEGMENTATION

By Type

• • Gasketed titanium plate heat exchanger
  • Brazed titanium plate heat exchanger
  • Welded titanium plate heat exchanger
  • Others

By Application

• • HVAC Systems
  • Industry & Manufacturing
  • Other applications

By Region

• • North America
  • Europe
  • China
  • Asia Ex China
  • ROW

TITANIUM PLATE HEAT EXCHANGER (PHE) MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. Cost breakup of a Global Titanium Plate Heat Exchanger (PHE) and key vendor selection criteria
2. Market share of Global Titanium Plate Heat Exchanger (PHE) market manufacturers and their upcoming products
3. key predictions for the next 5 years in the Global Titanium Plate Heat Exchanger (PHE) market
4. Average B-2-B Titanium Plate Heat Exchanger (PHE) market price in all segments
5. The market size (both volume and value) of the Titanium Plate Heat Exchanger (PHE) market in 2022-2030 and every year in between?
6. Production breakup of the Titanium Plate Heat Exchanger (PHE) market, by suppliers and their OEM relationship
7. What are the key applications and industries that predominantly use titanium plate heat exchangers?
8. What are the primary drivers of growth in the global titanium PHE market?
9. What challenges and obstacles are faced by the global titanium PHE industry?
10. How is the market segment based on plate size and design?
11. What are the advantages and disadvantages of using titanium in heat exchangers compared to other materials?
12. What role does environmental sustainability play in the demand for titanium PHEs?
13. How do factors like industrialization, urbanization, and energy consumption impact the market?
14. What are the regional variations in the adoption of titanium plate heat exchangers, and what factors contribute to these differences?
15. Who are the key players in the global titanium PHE market, and what are their market strategies and product offerings?
16. What are the emerging trends and innovations in titanium PHE technology and design?
17. How do issues like corrosion resistance and maintenance affect the choice of titanium PHEs in different industries?
18. What role do government regulation and international agreements play in the market?
19. What are the market opportunities and potential market disruptors in the titanium PHE industry?
20. What are the key cost factors associated with manufacturing and using titanium plate heat exchangers?
21. How do global economic conditions and geopolitical factors affect the titanium PHE market?
22. What are the future projections and forecasts for the global titanium PHE market?
23. How do titanium PHEs contribute to energy efficiency and sustainability in various industrial processes?
24. How does the market for titanium PHEs adapt to technological advancements and materials innovations?
25. What are the specific challenges and considerations for titanium PHEs in industries like chemical processing, HVAC, and power generation?