Global Shell And Tube Heat Exchanger Market Size & Outlook
The shell and tube heat exchanger industry worldwide is expected to reach a projected revenue of US$ 9,200.3 million by 2030. A compound annual growth rate of 4.9% is expected of the worldwide shell and tube heat exchanger industry from 2023 to 2030.
Revenue, 2022 (US$M)
$6,274.9
Forecast, 2030 (US$M)
$9,200.3
CAGR, 2023 - 2030
4.9%
Report Coverage
Worldwide
Global shell and tube heat exchanger market, 2018-2030 (US$M)
Related Markets
Global shell and tube heat exchanger market highlights
- The global shell and tube heat exchanger market generated a revenue of USD 6,274.9 million in 2022 and is expected to reach USD 9,200.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.9% by 2030.
- In terms of segment, steel accounted for a revenue of USD 1,951.2 million in 2022.
- Nickel & Nickel Alloys is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 6,274.9 million |
| Market revenue in 2030 | USD 9,200.3 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Nickel & Nickel Alloys |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Haste Alloy, Titanium, Nickel & Nickel Alloys, Tantalum, Steel |
Other key industry trends
- In terms of revenue, the North America accounted for 20.7% of the global shell and tube heat exchanger market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 343.7 million by 2030.
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Shell And Tube Heat Exchanger Market Scope
Shell and tube heat exchanger market segmentation & scope
Haste Alloy
Titanium
Nickel & Nickel Alloys
Tantalum
Stainless Steel
Duplex Steel
Carbon Steel
Super Duplex Steel
Others
Others
Power Generation
Petrochemicals
Chemical
Food & Beverages
HVAC & Refrigerators
Pulp & Paper
Others
Shell And Tube Heat Exchanger Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global shell and tube heat exchanger market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shell and tube heat exchanger market will help companies and investors design strategic landscapes.
steel was the largest segment with a revenue share of 31.1% in 2022. Horizon Databook has segmented the Global shell and tube heat exchanger market based on haste alloy, titanium, nickel & nickel alloys, tantalum, steel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Shell And Tube Heat Exchanger Material Outlook (Revenue, USD Million, 2018-2030)
- Haste Alloy
- Titanium
- Nickel & Nickel Alloys
- Tantalum
- Steel
- Stainless Steel
- Duplex Steel
- Carbon Steel
- Super Duplex Steel
- Others
- Others
- Global Shell And Tube Heat Exchanger End Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Petrochemicals
- Chemical
- Food & Beverages
- HVAC & Refrigerators
- Pulp & Paper
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global shell and tube heat exchanger market , including forecasts for subscribers. This global databook contains high-level insights into Global shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global shell and tube heat exchanger market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Shell and tube heat exchanger market size, 2022 (USD Million)
Top 10 countries: Shell and tube heat exchanger market size, 2022 (USD Million)
Global shell and tube heat exchanger market, by region, 2022 (US$M)
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