Asia Pacific Shell And Tube Heat Exchanger Market Size & Outlook
Asia Pacific shell and tube heat exchanger market, 2018-2030 (US$M)
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Asia Pacific shell and tube heat exchanger market highlights
- The Asia Pacific shell and tube heat exchanger market generated a revenue of USD 1,965.5 million in 2022.
- The market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2022.
- Nickel & Nickel Alloys is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,965.5 million |
| Market revenue in 2030 | USD 3,142.9 million |
| Growth rate | 6% (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 |
| Key market players worldwide | Alfa Laval AB, APi Group Corp, Braskem SA ADR, Xylem Inc, Western Capital Resources Inc, Southern Co, Manning Ventures Inc Ordinary Shares, Mersen SA, Brask Inc., Koch Industries, HRS Heat Exchangers, Thermex |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.3% of the global shell and tube heat exchanger market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,142.9 million 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 |
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Asia Pacific 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 Asia Pacific 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.
Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of the global economic growth. According to a report by the International Monetary Fund (IMF) on the Asia and Pacific regional economic outlook published in October 2019, the growth rate in Asia was around 5% in 2019, whereas it is projected at 5.1% in 2020.
Factors such as the deepening U.S.-China trade tensions coupled with the regional tension such as the bilateral relationship of Korea and Japan are anticipated to impact the overall economic growth of the region. Furthermore, rising geopolitical risks coupled with increasing incidences of natural disasters such as the Australian wildfires are expected to have affect the region's economic growth.
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Our clientele includes a mix of shell and tube heat exchanger market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific shell and tube heat exchanger market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific shell and tube heat exchanger market size, by country, 2018-2030 (US$M)
Asia Pacific Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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