Middle East & Africa Shell And Tube Heat Exchanger Market Size & Outlook
Middle East & Africa shell and tube heat exchanger market, 2018-2030 (US$M)
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MEA shell and tube heat exchanger market highlights
- The MEA shell and tube heat exchanger market generated a revenue of USD 522.0 million in 2022.
- The market is expected to grow at a CAGR of 4.6% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 522.0 million |
| Market revenue in 2030 | USD 748.9 million |
| Growth rate | 4.6% (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, MEA region accounted for 8.3% 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.
Key Regions: UAE , U.S. , Japan , Brazil , Saudi Arabia
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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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Middle East & Africa 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 32.59% in 2022. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa (MEA) shell & tube heat exchangers market is primarily characterized by the growing HVAC and petrochemical sectors. Ongoing mega construction projects in commercial, residential, and hospitality segments are expected to drive the HVAC market over a long period.
Rising population coupled with surging energy demand in countries such as the UAE and Saudi Arabia is expected to propel the demand for energy-efficient equipment over the forecast period.
Global events such as Expo 2020 in Dubai and 2022 FIFA World Cup in Qatar are expected to boost the industrial growth in the coming years. Concentrating Solar Power (CSP) projects in countries such as South Africa, Egypt, and Morocco are expected to fuel the demand for shell & tube heat exchangers in Africa.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa shell and tube heat exchanger market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA shell and tube heat exchanger market size, by country, 2018-2030 (US$M)
Middle East & Africa Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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