Saudi Arabia Shell And Tube Heat Exchanger Market Size & Outlook
Saudi Arabia shell and tube heat exchanger market, 2018-2030 (US$M)
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Saudi Arabia shell and tube heat exchanger market highlights
- The Saudi Arabia shell and tube heat exchanger market generated a revenue of USD 116.5 million in 2022 and is expected to reach USD 162.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.3% 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 116.5 million |
| Market revenue in 2030 | USD 162.9 million |
| Growth rate | 4.3% (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, Saudi Arabia 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 Middle East & Africa, UAE shell and tube heat exchanger market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 205.5 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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Saudi Arabia 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 31.24% in 2022. Horizon Databook has segmented the Saudi Arabia 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.
Kingdom of Saudi Arabia is a predominantly an oil-based economy with a majority of economic activities controlled by the government in the country. However, the government is making an effort to boost the growth of non-oil industries, thereby driving the growth of manufacturing sector.
Thus, the presence of a robust oil & gas sector coupled with the growth of manufacturing sector is anticipated to drive the demand for shell & tube heat exchangers in petrochemical & heavy machinery equipment applications over the forecast period.
According to the World Atlas, petroleum sector contributes majorly to the country’s growth, with approximately 55% to the GDP, 92.5% of the budget revenue, and 97% to the export earnings in 2017. The oil-based industries in the country include the production of oil, industrial gas, petrochemicals, and refinery of petroleum, ammonia, and caustic.
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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 country-level data and insights on the Saudi Arabia shell and tube heat exchanger market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia shell and tube heat exchanger market size, by material, 2018-2030 (US$M)
Saudi Arabia Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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