China Shell And Tube Heat Exchanger Market Size & Outlook
China shell and tube heat exchanger market, 2018-2030 (US$M)
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China shell and tube heat exchanger market highlights
- The China shell and tube heat exchanger market generated a revenue of USD 879.8 million in 2022 and is expected to reach USD 1,381.0 million by 2030.
- The China market is expected to grow at a CAGR of 5.8% 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.
Shell and tube heat exchanger market data book summary
| Market revenue in 2022 | USD 879.8 million |
| Market revenue in 2030 | USD 1,381.0 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Nickel & Nickel Alloys |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 14.0% of the global shell and tube heat exchanger market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China shell and tube heat exchanger market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 759.1 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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China 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 31.47% in 2022. Horizon Databook has segmented the China 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.
China is one of the most important emerging countries in the world. According to the IMF, the growth in China is expected to be around 5.6% in 2020. The economic growth in China is expected to be impacted by the deepening U.S.
The China shell & tube heat exchangers market is anticipated to be driven by the growing investments in chemical, petrochemical, and HVAC sectors among others. China is the largest chemical producer in the world. The country accounted for around 38.5% of the global chemical sales in 2018, which increased from 18.2% in 2008.
In addition, several chemical and petrochemical multinational companies are expected to open new manufacturing plants in China owing to the favorable government policies. For instance, in January 2020, INEOS Styrolution announced to build a new acrylonitrile butadiene styrene (ABS) plant in Zhejiang Province of China.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the China shell and tube heat exchanger market , including forecasts for subscribers. This country databook contains high-level insights into China shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China shell and tube heat exchanger market size, by material, 2018-2030 (US$M)
China Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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