Germany Shell And Tube Heat Exchanger Market Size & Outlook
Germany shell and tube heat exchanger market, 2018-2030 (US$M)
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Germany shell and tube heat exchanger market highlights
- The Germany shell and tube heat exchanger market generated a revenue of USD 394.4 million in 2022 and is expected to reach USD 542.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.1% 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 394.4 million |
| Market revenue in 2030 | USD 542.7 million |
| Growth rate | 4.1% (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, Germany accounted for 6.3% 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 Europe, Italy shell and tube heat exchanger market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 542.7 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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Germany 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 31.39% in 2022. Horizon Databook has segmented the Germany 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.
Rising energy demand for space heating from commercial and residential buildings is expected to drive power generation sector in the country in the coming years, which, in turn, is anticipated to drive the demand for shell & tube heat exchangers over the forecast period.
Stringent regulations to reduce CO2 and greenhouse gas emissions are expected to drive the product demand across various end-use industries. For instance, in October 2019, UPM-Kymmene Oyj, a paper producing company, announced to invest around USD 106 million in a combined heat and power (CHP) plant at its Nordland paper mill in Germany.
In addition, Germany’s Combined-Heat-Power Cogeneration Act is expected to boost highly efficient CHP plants in the country, which is expected to drive the demand for shell & tube heat exchangers over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany shell and tube heat exchanger market , including forecasts for subscribers. This country databook contains high-level insights into Germany shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany shell and tube heat exchanger market size, by material, 2018-2030 (US$M)
Germany Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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