A plate heat exchanger is a type of heat exchanger that uses metal plates to transfer heat between two fluids flowing in opposite directions. It consists of many corrugated metal plates clamped together in a frame to create channels for fluid flow. Plate heat exchangers offer benefits like high heat transfer efficiency in a compact design, but are limited to lower pressures and flow rates than some other heat exchanger types. They are widely used in industrial processes for applications like heating and cooling.