U.S. Shell And Tube Heat Exchanger Market Size & Outlook
U.S. shell and tube heat exchanger market, 2018-2030 (US$M)
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U.S. shell and tube heat exchanger market highlights
- The U.S. shell and tube heat exchanger market generated a revenue of USD 964.9 million in 2022 and is expected to reach USD 1,338.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% 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 964.9 million |
| Market revenue in 2030 | USD 1,338.9 million |
| Growth rate | 4.2% (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, U.S. accounted for 15.4% 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 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 Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 30.6% in 2022. Horizon Databook has segmented the U.S. 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.
According to the World Nuclear Association (WNA), the U.S. leads over other countries in the world for the number of operational nuclear reactors. The U.S. has 98 operating nuclear power reactors in 30 states, which are operated by 30 power companies. Ongoing construction activities for additional nuclear capacities are anticipated to boost power generation sector over the foreseeable future.
Chemical industry is the largest manufacturing industry in the country and serves both domestic and export needs. Shell & tube heat exchangers are used in the manufacturing of chemicals in industrial chemical production.
Moreover, in an industrial process, shell & tube heat exchangers are required for cooling, heating, and mixing a substance at a required temperature. The rapid expansion of chemical industry in the country is expected to act as a major factor for steering the market growth.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. shell and tube heat exchanger market , including forecasts for subscribers. This country databook contains high-level insights into U.S. shell and tube heat exchanger market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. shell and tube heat exchanger market size, by material, 2018-2030 (US$M)
U.S. Shell And Tube Heat Exchanger Market Outlook Share, 2022 & 2030 (US$M)
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