Global Shell And Tube Heat Exchanger Market Size & Outlook
Global shell and tube heat exchanger market, 2018-2030 (USD Mllion)
Related Markets
Global shell and tube heat exchanger market highlights
- The global shell and tube heat exchanger market generated a revenue of USD 6,724.4 mllion in 2024 and is expected to reach USD 9,203.2 mllion by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.6% by 2030.
- In terms of segment, steel accounted for a revenue of USD 2,183.3 mllion in 2024.
- Nickel & Nickel Alloys is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 6,724.4 mllion |
| Market revenue in 2030 | USD 9,203.2 mllion |
| Growth rate | 5.6% (CAGR from 2025 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Nickel & Nickel Alloys |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD mllion |
| Market segmentation | Haste Alloy, Titanium, Nickel & Nickel Alloys, Tantalum, Steel |
Other key industry trends
- In terms of revenue, the North America accounted for 20.6% of the global shell and tube heat exchanger market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 746.1 mllion by 2030.
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Shell And Tube Heat Exchanger Market Scope
Shell And Tube Heat Exchanger Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thermex | View profile | 1001-5000 | Aurora, Colorado, United States, North America | http://www.thermex.com |
| HRS Heat Exchangers | View profile | 101-250 | Watford, Hertford, United Kingdom, Europe | https://www.hrs-heatexchangers.com/ |
| Koch Industries | View profile | 10001+ | Wichita, Kansas, United States, North America | https://www.kochind.com |
| Brask Inc. | View profile | 101-250 | Sulphur, Louisiana, United States, North America | http://braskinc.com |
| Mersen SA | View profile | 7534 | Tour Trinity, 1 bis place de la Defense, Courbevoie, France, 92400 | https://www.mersen.com |
| Manning Ventures Inc Ordinary Shares | View profile | - | 750 West Pender Street, Suite 303, Vancouver, BC, Canada, V6C 2T7 | https://manning-ventures.com |
| Southern Co | View profile | 28100 | 30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, United States, 30308 | https://www.southerncompany.com |
| Western Capital Resources Inc | View profile | 950 | 11550 I Street, Suite 150, Omaha, NE, United States, 68137 | https://www.westerncapitalresources.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
| Braskem SA ADR | View profile | 8569 | Rua Lemos Monteiro, 120-24 Andar, Butanta, SP, Brazil, CEP 05501-050 | https://www.braskem.com.br |
| APi Group Corp | View profile | 29000 | c/o APi Group, Inc, 1100 Old Highway 8 NW, New Brighton, MN, United States, 55112 | https://www.apigroupinc.com |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
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 32.47% in 2024. 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 Mllion, 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 Mllion, 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 size, by regions, 2018-2030 (USD Mllion)
Top 10 countries: Shell and tube heat exchanger market size, 2024 (USD Mllion)
Global shell and tube heat exchanger market share, by material, 2024 & 2030 (%, USD Mllion)
Shell and tube heat exchanger market: Opportunity assessment by country
Global shell and tube heat exchanger market, by region, 2024 (USD Mllion)
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