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Plate And Frame Heat Exchangers Market size is set to grow by USD 1.42 billion from 2024-2028, rising demand for plate and frame heat exchangers from end-users to boost the market growth, Technavio

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NEW YORK, June 19, 2024 /PRNewswire/ — The global plate and frame heat exchangers market  size is estimated to grow by USD 1.42 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.36%  during the forecast period.  Rising demand for plate and frame heat exchangers from end-users is driving market growth, with a trend towards expansion and addition of new manufacturing capacities. However, fouling of heat exchangers  poses a challenge. Key market players include Advanced Industrial Components Inc., Alfa Laval AB, American Plate Exchanger, API Heat Transfer Inc., Avingtrans plc, Baffles cooling systems, Danfoss AS, Dover Corp., FISCHER Maschinen u. Apparatebau GmbH, FUNKE Warmeaustauscher Apparatebau GmbH, Hisaka Works Ltd., ITT Inc., Kelvion Holding GmbH, Paul Mueller Co. Inc., Process Engineers And Associates, S.A. Armstrong Ltd., SPX FLOW Inc., Taco Comfort Solutions, Thermaline Inc., and Xylem Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Chemical, Power, HVAC, Refrigeration, and Oil and gas and others), Type (Gasketed, Welded, and Brazed), and Geography (Europe, North America, APAC, Middle East and Africa, and South America)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

Advanced Industrial Components Inc., Alfa Laval AB, American Plate Exchanger, API Heat Transfer Inc., Avingtrans plc, Baffles cooling systems, Danfoss AS, Dover Corp., FISCHER Maschinen u. Apparatebau GmbH, FUNKE Warmeaustauscher Apparatebau GmbH, Hisaka Works Ltd., ITT Inc., Kelvion Holding GmbH, Paul Mueller Co. Inc., Process Engineers And Associates, S.A. Armstrong Ltd., SPX FLOW Inc., Taco Comfort Solutions, Thermaline Inc., and Xylem Inc.

Key Market Trends Fueling Growth

The Plate and Frame Heat Exchangers Market witnesses organic growth strategies from key vendors. Through tactics like SEO, content marketing, social media engagement, and email campaigns, they build brand awareness, engage leads, and foster long-term customer relationships. Alfa Laval’s April 2024 expansion of their production line for printed circuit heat exchangers is an example. These strategies promote trust, credibility, and market growth during the forecast period. 

The Plate and Frame Heat Exchanger market is experiencing significant growth due to the increasing demand for efficient and cost-effective heat transfer solutions. These exchangers are widely used in various industries such as power generation, refining, and manufacturing. The use of renewable energy sources and the shift towards cleaner technologies are driving the market. The market is also witnessing advancements in materials and designs, leading to higher performance and longer service life. Additionally, the growing trend towards energy conservation and sustainability is further boosting the market. Overall, the Plate and Frame Heat Exchanger market is expected to continue its strong growth trajectory in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Plate and frame heat exchangers face significant challenges with maintenance and cleaning due to fouling. Fouling is the accumulation of unwanted deposits on heat transfer surfaces, reducing efficiency and increasing pressure drop. Reasons for fouling include crystallization, particulate matter, biological growth, and chemical reactions. Corrosion from reactive fluids can also contribute to fouling. Inefficient heat exchangers may lead to production cost increases, potential shutdowns, and early metal replacement, resulting in additional expenses for operators. These high maintenance costs may hinder the growth of the global plate and frame heat exchangers market.The Plate and Frame Heat Exchanger market faces several challenges. One key challenge is the increasing demand for energy-efficient and cost-effective solutions. This requires continuous research and development to improve the design and performance of these heat exchangers. Another challenge is the need to comply with stringent regulations regarding safety and environmental impact. Procurement of materials and components also poses a challenge due to the complexity of the system and the need for high-quality and durable parts. Additionally, the market is highly competitive, with numerous players vying for market share. This necessitates a focus on innovation, customer service, and cost competitiveness to remain competitive. Finally, the global nature of the market adds complexity, with varying regulations and market conditions in different regions.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This plate and frame heat exchangers market report extensively covers market segmentation by

End-user 1.1 Chemical1.2 Power1.3 HVAC1.4 Refrigeration1.5 Oil and gas and othersType 2.1 Gasketed2.2 Welded2.3 BrazedGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Chemical-  The Plate and Frame Heat Exchanger market is thriving due to its efficiency in heat transfer applications. These exchangers offer cost-effective solutions for various industries, including food and beverage, pharmaceuticals, and chemicals. Their modular design allows for easy maintenance and flexibility in operation. The market is expected to grow steadily, driven by increasing demand for energy savings and improved process efficiency.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Plate and Frame Heat Exchanger market is experiencing significant growth due to the increasing focus on energy efficiency and versatility in various industries. Urbanization and the expansion of commercial buildings in developing economies are driving the demand for these heat exchangers in HVAC systems and commercial refrigeration. Heat recovery technologies, used extensively in HVACR applications, are a key area of application for plate and frame heat exchangers. Compact designs of these exchangers are ideal for residential AC units and industrial activities, making them essential engineering applications for heating, ventilation, and air conditioning. Environmental regulations and the shift towards sustainable energy infrastructure are also contributing to the market’s growth. The nuclear power sector and other energy infrastructure projects are significant consumers of plate and frame heat exchangers due to their high thermal efficiency.

Market Research Overview

The Plate and Frame Heat Exchanger market encompasses the production, sales, and installation of these heat transfer solutions. These exchangers utilize thin plates and frames to facilitate efficient heat transfer between two fluids without direct contact. They are widely used in various industries such as oil and gas, power generation, and chemical processing. The market is driven by factors like increasing energy efficiency requirements, rising demand for thermal energy, and advancements in materials and technologies. Plate and Frame Heat Exchangers offer benefits like high heat transfer rates, easy maintenance, and flexibility in design. Applications include cooling, heating, and vaporization processes. The market is expected to grow significantly due to the increasing demand for sustainable energy solutions and the need for cost-effective heat transfer systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userChemicalPowerHVACRefrigerationOil And Gas And OthersTypeGasketedWeldedBrazedGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Yearlong Celebration of the World Trade Bridge’s 25th Anniversary

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LAREDO, Texas, May 22, 2025 /PRNewswire/ — The City of Laredo is launching a yearlong celebration marking 25 years of the World Trade Bridge, a vital commercial gateway that transformed Laredo into the top-ranked inland port in the United States. Inaugurated on April 15, 2000, the World Trade Bridge has evolved from a solution to downtown congestion into one of the busiest commercial border crossings in the Western Hemisphere. Today, it processes more than 6 million trucks annually and moves over $339 billion in goods, surpassing major sea and land ports such as Los Angeles, Houston, and Chicago. “This bridge, which is the anchor of our port, represents the shared vision of two nations and two sister cities that, through strategic planning and joint investment, has transformed a region into a global logistics powerhouse,” said Laredo Mayor Dr. Víctor D. Treviño.

Ongoing Expansion to Boost Trade Capacity

On May 31, 2024, the president of the United States approved the City of Laredo’s request to expand the World Trade Bridge. The expansion project includes the construction of a new eight-lane bridge dedicated to northbound commercial traffic, along with additional lanes on the existing bridge for southbound traffic. Once completed, the project will enhance traffic flow, reduce congestion, and strengthen the port’s capacity to support the growing demands of international trade.

From Bottleneck to Binational Beacon

The bridge was conceived in the 1990s in response to NAFTA-era congestion in downtown Laredo. With support from both sides of the border, construction was completed in under two years, opening with eight commercial lanes — now expanded to fourteen. Port Laredo currently handles over 40% of all U.S.–Mexico land trade, with daily traffic ranging from 15,000 to 18,000 trucks carrying everything from automobiles and medical devices to fresh produce and electronics.

A Strategic Hub for the Americas

The World Trade Bridge has become a critical node for hemispheric trade, connecting not only Mexico and the United States but also facilitating commerce from Central and South America. Products from Colombia, Brazil, Peru, and other countries enter the U.S. through Mexican ports like Manzanillo and Veracruz before continuing north through Laredo.

Laredo: The New Standard for Nearshoring

As companies reconfigure global supply chains, Port Laredo’s secure, technology-driven infrastructure has positioned the city as a premier gateway for nearshoring and regional manufacturing integration. The 25th anniversary campaign will feature binational events, industry panels, and a regional trade summit later this year to highlight Laredo’s evolving role in global commerce.

For More Information

Stay updated on anniversary events, trade summits, and news by visiting www.portlaredo.com and subscribing to our newsletter.
Follow Port Laredo on social media:
Facebook: facebook.com/portlaredo
LinkedIn: linkedin.com/company/port-laredo

About Port Laredo

Port Laredo is the nation’s #1 inland port and a global leader in international trade. Located on the U.S.–Mexico border, the port serves as a critical logistics hub for North American and hemispheric commerce. With a strategic geographic position, advanced customs infrastructure, and multimodal connectivity, Port Laredo facilitates the movement of over $330 billion in goods annually and plays a vital role in strengthening regional economies and global supply chains.

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SOURCE Port Laredo, Texas

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Attain Partners Named 2025 Great Place to Work by Washingtonian Magazine

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Recognition highlights the firm’s purpose-driven culture and commitment to employee well-being

MCLEAN, Va., May 22, 2025 /PRNewswire/ — Attain Partners, a leading management and technology consulting firm, announced today that it has been named one of Washingtonian magazine’s 2025 Great Places to Work. This prestigious honor celebrates the Washington, DC region’s most inspiring companies and the people behind their winning cultures.

“Being named a Great Place to Work by the Washingtonian is a testament to our amazing team,” said Greg Baroni, CEO.

Selected from hundreds of submissions across the region, Attain Partners earned its place on the list following a rigorous evaluation process that included anonymous employee surveys and a comprehensive review of company benefits. The award underscores the firm’s steadfast commitment to fostering a purpose-driven and empowering work environment where team members feel valued, supported, and inspired.

“Being named a Great Place to Work by the Washingtonian is an incredible honor and a testament to our amazing team,” said Greg Baroni, Founder and CEO of Attain Partners. “We’ve built Attain Partners as a next-generation, built-to-last, and values-driven company. We know that our people are our greatest asset, and we strive to overdeliver as we take care of our team. This recognition is especially meaningful because it reflects the voices and sentiments of our team members.”

This award recognizes Attain Partners for its excellence in employee satisfaction, workplace culture, and people-first policies. Rooted in a foundation of integrity, collaboration, and innovation, the firm’s leadership fosters a culture in which team members can thrive and make a meaningful, positive impact on the public sector and beyond.

This accolade marks another milestone in Attain Partners’ continued growth and reinforces its reputation as an employer of choice within the consulting industry and the broader Washington, DC region.

About Attain Partners
Based in McLean, Va., Attain Partners is a leading management and technology consulting firm delivering services and solutions to advance client missions across the education, nonprofit, healthcare, and state and local government landscapes. For more information, please visit attainpartners.com.

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SOURCE Attain Partners

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Firstsource and Sanas partner to redefine customer conversations with AI

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MUMBAI, India, May 22, 2025 /PRNewswire/ — Firstsource Solutions Limited (NSE:FSL) (BSE:532809), a leading global provider of transformational solutions and services and an RP-Sanjiv Goenka Group company, has partnered with Sanas, provider of the world’s first real-time speech understanding platform, to enable next-level customer conversations powered by AI.  

Aligned with Firstsource’s UnBPO™ philosophy, the integration of Sanas’ Real-Time Accent Translation technology marks a strategic leap in AI-first customer experience. This seamless, speech-to-speech solution eliminates accent and language barriers—enhancing clarity, reducing cognitive strain, and empowering agents to connect with global customers more confidently and effectively. As AI moves from pilot to performance, early adopters are already seeing the impact—128% more likely to report high ROI from their AI tools in CX. By embedding intelligent, unobtrusive tech into day-to-day operations, Firstsource is unlocking scalable, measurable value—boosting agent productivity, strengthening conversations, and delivering next-gen CX outcomes at speed and scale.

“At Firstsource, we seek partnerships that reflect our commitment to smart, scalable transformation—solutions that deliver maximum impact with minimal friction, improving both experience and outcomes. Our collaboration with Sanas is a powerful expression of the UnBPO™ philosophy: leveraging intelligent, human-centric technology to elevate performance and ROI.

“The Customer Experience (CX) landscape is undergoing a fundamental shift—from cost efficiency to outcome-driven impact. With Sanas’ AI-powered Real-Time Accent Translation, we are enabling more inclusive, fluid customer conversations — irrespective of who the customer is — a consumer, a student, or a patient — without the need for hardware changes or system overhauls. It is an innovation that works in the background but transforms everything.

“This is the Future of Work in action—a seamless human-AI partnership where technology enhances connection, boosts responsiveness, and empowers agents to perform at their best,” said Ashish Chawla, President – CX and Consulting at Firstsource.

The technology is industry-agnostic, enabling a host of benefits for enhanced communication across diverse industries. Early implementations of this technology in other enterprises have demonstrated significant performance results:

17% average increase in sales efficiency21% improvement in Net Promoter Score (NPS) at a Fortune 20 global tech company18% average reduction in AHTZero instances of customers asking to speak with another agent22% average boost in Customer Satisfaction (CSAT)95% agent adoption rate

“We’re thrilled to partner with Firstsource to bring Sanas’ Real-Time Accent Translation technology to their global operations. This collaboration marks a major milestone in our mission to make communication more inclusive and effortless. Our groundbreaking AI technology, combined with Firstsource’s customer-first approach, enables contact center agents to have clearer, more effective conversations—regardless of accent or geography. Together, we are setting a new standard for exceptional agent and customer experiences alike,” said Sharath Keshava Narayana, CEO and co-founder, Sanas.ai.

About Firstsource

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, we ‘make it happen’ for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ — our differentiated approach to reimagining traditional outsourcing — to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for our clients.

(www.firstsource.com)

About Sanas

Sanas provides the world’s first Real-Time Speech Understanding Platform powered by its patented AI technologies. Born from a mission to power a kinder, more compassionate world, Sanas is pioneering a revolution in human connection by making global, real-time communication more inclusive. Today, Sanas offers Real-Time Accent Translation and Two-Way Noise Cancellation. Founded in 2020, Sanas is led by a team of exceptional co-founders, including CEO Sharath Keshava Narayana and CTO Shawn Zhang.

(Sanas.ai)

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