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Shell & Tube Heat Exchanger Trends and Forecast
The future of the global shell & tube heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, and pulp & paper markets. The global shell & tube heat exchanger market is expected to reach an estimated $9.8 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are rising demand across a range of industries, including petrochemicals, pharmaceuticals, and power generation, for cutting-edge machinery that is extremely effective and corrosion-resistant, as well as, rapid industrialization in the emerging countries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Shell & Tube Heat Exchanger by Segment
The study includes a forecast for the global shell & tube heat exchanger by material, application, and region.
Shell & Tube Heat Exchanger Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Steel
• Nickel & Nickel Alloys
• Titanium
• Tantalum
• Others
Shell & Tube Heat Exchanger Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Chemical
• Petrochemical and Oil & Gas
• HVAC & Refrigeration
• Food & Beverage
• Power Generation
• Pulp & Paper
• Others
Shell & Tube Heat Exchanger Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Shell & Tube Heat Exchanger Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shell & tube heat exchanger companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shell & tube heat exchanger companies profiled in this report include-
• Alfa Laval
• HRS Heat Exchangers
• Kelvion
• Xylem
• API Heat Transfer
• Koch Heat Transfer
• Thermex
• Manning And Lewis
Shell & Tube Heat Exchanger Market Insights
Lucintel forecasts that steel is expected to witness highest growth over the forecast period.
APAC will remain the largest region over the forecast period due to the rising population, urbanization, and industrialization, as well as, growing investments in the chemical and petrochemical sectors for residents in this area.
Features of the Global Shell & Tube Heat Exchanger Market
Market Size Estimates: Shell & tube heat exchanger market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Shell & tube heat exchanger market size by material, application, and region in terms of value ($B).
Regional Analysis: Shell & tube heat exchanger market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material, application, and regions for the shell & tube heat exchanger market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shell & tube heat exchanger market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the shell & tube heat exchanger market size?
Answer: The global shell & tube heat exchanger market is expected to reach an estimated $9.8 billion by 2030.
Q.2 What is the growth forecast for shell & tube heat exchanger market?
Answer: The global shell & tube heat exchanger market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the shell & tube heat exchanger market?
Answer: The major drivers for this market are rising demand across a range of industries, including petrochemicals, pharmaceuticals, and power generation, for cutting-edge machinery that is extremely effective and corrosion-resistant, as well as, rapid industrialization in the emerging countries.
Q4. What are the major segments for shell & tube heat exchanger market?
Answer: The future of the global shell & tube heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, and pulp & paper markets.
Q5. Who are the key shell & tube heat exchanger market companies?
Answer: Some of the key shell & tube heat exchanger companies are as follows:
• Alfa Laval
• HRS Heat Exchangers
• Kelvion
• Xylem
• API Heat Transfer
• Koch Heat Transfer
• Thermex
• Manning and Lewis
Q6. Which shell & tube heat exchanger market segment will be the largest in future?
Answer: Lucintel forecasts that steel is expected to witness highest growth over the forecast period.
Q7. In shell & tube heat exchanger market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the rising population, urbanization, and industrialization, as well as, growing investments in the chemical and petrochemical sectors for residents in this area.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the shell & tube heat exchanger market by material (steel, nickel & nickel alloys, titanium,tantalum, and others), application (chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, pulp & paper, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Shell & Tube Heat Exchanger Market, Shell & Tube Heat Exchanger Market Size, Shell & Tube Heat Exchanger Market Growth, Shell & Tube Heat Exchanger Market Analysis, Shell & Tube Heat Exchanger Market Report, Shell & Tube Heat Exchanger Market Share, Shell & Tube Heat Exchanger Market Trends, Shell & Tube Heat Exchanger Market Forecast, Shell & Tube Heat Exchanger Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Shell & Tube Heat Exchanger Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Shell & Tube Heat Exchanger Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Shell & Tube Heat Exchanger Market by Material
3.3.1: Steel
3.3.2: Nickel & Nickel Alloys
3.3.3: Titanium
3.3.4: Tantalum
3.3.5: Others
3.4: Global Shell & Tube Heat Exchanger Market by Application
3.4.1: Chemical
3.4.2: Petrochemical and Oil & Gas
3.4.3: HVAC & Refrigeration
3.4.4: Food & Beverage
3.4.5: Power Generation
3.4.6: Pulp & Paper
3.4.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Shell & Tube Heat Exchanger Market by Region
4.2: North American Shell & Tube Heat Exchanger Market
4.2.2: North American Shell & Tube Heat Exchanger Market by Application: Chemical, Petrochemical and Oil & Gas, HVAC & Refrigeration, Food & Beverage, Power Generation, Pulp & Paper, and Others
4.3: European Shell & Tube Heat Exchanger Market
4.3.1: European Shell & Tube Heat Exchanger Market by Material :Steel, Nickel & Nickel Alloys, Titanium, Tantalum, and Others
4.3.2: European Shell & Tube Heat Exchanger Market by Application: Chemical, Petrochemical and Oil & Gas, HVAC & Refrigeration, Food & Beverage, Power Generation, Pulp & Paper, and Others
4.4: APAC Shell & Tube Heat Exchanger Market
4.4.1: APAC Shell & Tube Heat Exchanger Market by Material : Steel, Nickel & Nickel Alloys, Titanium, Tantalum, and Others
4.4.2: APAC Shell & Tube Heat Exchanger Market by Application: Chemical, Petrochemical and Oil & Gas, HVAC & Refrigeration, Food & Beverage, Power Generation, Pulp & Paper, and Others
4.5: ROW Shell & Tube Heat Exchanger Market
4.5.1: ROW Shell & Tube Heat Exchanger Market by Material : Steel, Nickel & Nickel Alloys, Titanium, Tantalum, and Others
4.5.2: ROW Shell & Tube Heat Exchanger Market by Application: Chemical, Petrochemical and Oil & Gas, HVAC & Refrigeration, Food & Beverage, Power Generation, Pulp & Paper, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Shell & Tube Heat Exchanger Market by Material
6.1.2: Growth Opportunities for the Global Shell & Tube Heat Exchanger Market by Application
6.1.3: Growth Opportunities for the Global Shell & Tube Heat Exchanger Market by Region
6.2: Emerging Trends in the Global Shell & Tube Heat Exchanger Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Shell & Tube Heat Exchanger Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Shell & Tube Heat Exchanger Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Alfa Laval
7.2: HRS Heat Exchangers
7.3: Kelvion
7.4: Xylem
7.5: API Heat Transfer
7.6: Koch Heat Transfer
7.7: Thermex
7.8: Manning and Lewis
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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