North America Shell And Tube Heat Exchanger Market Size & Outlook
North America shell and tube heat exchanger market, 2018-2030 (US$M)
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North America shell and tube heat exchanger market highlights
- The North America shell and tube heat exchanger market generated a revenue of USD 1,300.2 million in 2022.
- The market is expected to grow at a CAGR of 4.4% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,300.2 million |
| Market revenue in 2030 | USD 1,840.1 million |
| Growth rate | 4.4% (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, North America region accounted for 20.7% 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.
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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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North America 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 30.62% in 2022. Horizon Databook has segmented the North America 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 North American economy is the largest and strongest globally and is witnessing significant growth owing to the industrial dynamics and commodity abundance in its countries. The region includes the U.S., Mexico, and Canada, which are significant and complex economic systems.
Increasing oil & gas exploration activities in the U.S. and Canada are expected to drive the demand for shell & tube heat exchangers in the region. Surging energy demand in various industrial and commercial sectors is expected to drive power and energy sectors over the forecast period.
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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 North America shell and tube heat exchanger market , including forecasts for subscribers. This continent databook contains high-level insights into North America shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America shell and tube heat exchanger market size, by country, 2018-2030 (US$M)
North America Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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