Japan Shell And Tube Heat Exchanger Market Size & Outlook
Japan shell and tube heat exchanger market, 2018-2030 (US$M)
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Japan shell and tube heat exchanger market highlights
- The Japan shell and tube heat exchanger market generated a revenue of USD 274.8 million in 2022 and is expected to reach USD 389.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.5% 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 274.8 million |
| Market revenue in 2030 | USD 389.3 million |
| Growth rate | 4.5% (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, Japan accounted for 4.4% 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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Japan 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 30.24% in 2022. Horizon Databook has segmented the Japan 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.
Japan’s manufacturing industry is one of the highly advanced industries in the world, focusing on the production of consumer electronics, optoelectronics, automobiles, optical fibers, and semiconductors among others.
Power generation sector is expected to drive the demand for shell & tube heat exchangers in the coming years. As a consequence of the 2011 Fukushima Daiichi nuclear disaster, Japan is planning to build around 22 new coal power plants at 17 sites across the country over the next five years.
In addition, the country is hosting the Olympics games in 2020, which is further expected to boost the infrastructure development, thereby benefitting HVAC and refrigeration and power generation sectors. This, in turn, is anticipated 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 Japan shell and tube heat exchanger market , including forecasts for subscribers. This country databook contains high-level insights into Japan shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan shell and tube heat exchanger market size, by material, 2018-2030 (US$M)
Japan Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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