Europe Shell And Tube Heat Exchanger Market Size & Outlook

The shell and tube heat exchanger market in Europe is expected to reach a projected revenue of US$ 2,751.5 mllion by 2030. A compound annual growth rate of 4.6% is expected of Europe shell and tube heat exchanger market from 2025 to 2030.
Revenue, 2024 (USD Mllion)
$2,123.4
Forecast, 2030 (USD Mllion)
$2,751.5
CAGR, 2025 - 2030
4.6%
Report Coverage
Europe

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Europe shell and tube heat exchanger market, 2018-2030 (USD Mllion)

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Europe shell and tube heat exchanger market highlights

  • The Europe shell and tube heat exchanger market generated a revenue of USD 2,123.4 mllion in 2024.
  • The market is expected to grow at a CAGR of 4.6% from 2025 to 2030.
  • In terms of segment, steel was the largest revenue generating material in 2024.
  • Nickel & Nickel Alloys is the most lucrative material segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.


Europe data book summary

Market revenue in 2024USD 2,123.4 mllion
Market revenue in 2030USD 2,751.5 mllion
Growth rate4.6% (CAGR from 2025 to 2030)
Largest segmentSteel
Fastest growing segmentNickel & Nickel Alloys
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD mllion
Market segmentationHaste Alloy, Titanium, Nickel & Nickel Alloys, Tantalum, Steel
Key market players worldwideAlfa 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, Europe region accounted for 31.6% of the global shell and tube heat exchanger market in 2024.
  • 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 3,138.7 mllion by 2030.

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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

Europe 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 32.32% in 2024. Horizon Databook has segmented the Europe 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.


The European economy is expected to grow at a steady pace in the coming years. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the economic growth of the region.

In addition, public investment, most notably in digital and transport infrastructure, is further anticipated to impact the economic growth positively. In addition, private investments, especially in construction sector, are anticipated to drive the economic growth of the region.

The Europe region is characterized by the presence of several major economies in the world, such as Germany, the UK, France, Spain, Italy, and Russia among others.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe shell and tube heat exchanger market , including forecasts for subscribers. This continent databook contains high-level insights into Europe shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe shell and tube heat exchanger market size, by country, 2018-2030 (USD Mllion)

Europe Shell And Tube Heat Exchanger Market Outlook Share, 2024 & 2030 (USD Mllion)

Europe shell and tube heat exchanger market size, by country, 2018-2030 (USD Mllion)

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