Mexico Shell And Tube Heat Exchanger Market Size & Outlook

The shell and tube heat exchanger market in Mexico is expected to reach a projected revenue of US$ 183.1 million by 2030. A compound annual growth rate of 5.4% is expected of Mexico shell and tube heat exchanger market from 2023 to 2030.

Revenue, 2022 (US$M)
$120.3
Forecast, 2030 (US$M)
$183.1
CAGR, 2023 - 2030
5.4%
Report Coverage
Mexico

Mexico shell and tube heat exchanger market highlights

  • The Mexico shell and tube heat exchanger market generated a revenue of USD 120.3 million in 2022 and is expected to reach USD 183.1 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 5.4% 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 2022USD 120.3 million
Market revenue in 2030USD 183.1 million
Growth rate5.4% (CAGR from 2022 to 2030)
Largest segmentSteel
Fastest growing segmentNickel & Nickel Alloys
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
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, Mexico accounted for 1.9% 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 North America, U.S. shell and tube heat exchanger market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in North America and is projected to reach USD 183.1 million by 2030.

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Shell And Tube Heat Exchanger Market Scope

Shell and tube heat exchanger market segmentation & scope
Haste Alloy
Titanium
Nickel & Nickel Alloys
Tantalum
Stainless Steel
Duplex Steel
Carbon Steel
Super Duplex Steel
Others
Others
Power Generation
Petrochemicals
Chemical
Food & Beverages
HVAC & Refrigerators
Pulp & Paper
Others

Shell And Tube Heat Exchanger Market Companies

Name Profile # Employees HQ Website

Mexico 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 31.5% in 2022. Horizon Databook has segmented the Mexico 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.


Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., which is one of the major export destinations for component manufacturers.

Furthermore, ease of doing business, geographical proximity, and supply source for distributors & retailers make the economy one of the most preferred locations for manufacturers. Increasing investments from multinational players in the Mexican market is expected to drive the growth of manufacturing sector of the country, 

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

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Mexico shell and tube heat exchanger market size, by material, 2018-2030 (US$M)

Mexico Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)

Mexico shell and tube heat exchanger market size, by material, 2018-2030 (US$M)

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