Plate And Frame Heat Exchangers Market Global Insights And Revenue Growth Up To 2030
Plate And Frame Heat Exchangers Industry The global plate and frame heat exchangers market size is anticipated to reach USD 8.63 billion by 2030 and is anticipated to expand at a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid growth in the chemical & petrochemical industries, coupled with rapid industrialization in the Asia Pacific region, is expected to propel the demand for plate & frame heat exchangers in the coming years. According to the India Brand Equity Foundation (IBEF), the pharmaceuticals industry is recognized as the sunrise sector for the economy of the country in the Union Budget-2022. It is predicted to triple in size in the next few years. According to the Economic Survey for 2021 - 2022, the pharmaceutical industry in India is projected to reach USD 65 billion by 2024. The growth of the industry in the country can be attributed to the leadership of domestic manufacturers that offer generic phar...