Shell & Tube Heat Exchanger Market Report: Trends, Forecast and Competitive Analysis to 2030

Shell & Tube Heat Exchanger Trends and Forecast

The future of the global shell & tube heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, and pulp & paper markets. The global shell & tube heat exchanger market is expected to reach an estimated $9.8 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are rising demand across a range of industries, including petrochemicals, pharmaceuticals, and power generation, for cutting-edge machinery that is extremely effective and corrosion-resistant, as well as, rapid industrialization in the emerging countries.

A more than 150-page report is developed to help in your business decisions.

Shell & Tube Heat Exchanger by Segment

The study includes a forecast for the global shell & tube heat exchanger by material, application, and region.

Shell & Tube Heat Exchanger Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Steel
• Nickel & Nickel Alloys
• Titanium
• Tantalum
• Others

Shell & Tube Heat Exchanger Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Chemical
• Petrochemical and Oil & Gas
• HVAC & Refrigeration
• Food & Beverage
• Power Generation
• Pulp & Paper
• Others

Shell & Tube Heat Exchanger Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Shell & Tube Heat Exchanger Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies shell & tube heat exchanger companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the shell & tube heat exchanger companies profiled in this report include-

• Alfa Laval
• HRS Heat Exchangers
• Kelvion
• Xylem
• API Heat Transfer
• Koch Heat Transfer
• Thermex
• Manning And Lewis

Shell & Tube Heat Exchanger Market Insights

Lucintel forecasts that steel is expected to witness highest growth over the forecast period.

APAC will remain the largest region over the forecast period due to the rising population, urbanization, and industrialization, as well as, growing investments in the chemical and petrochemical sectors for residents in this area.

Features of the Global Shell & Tube Heat Exchanger Market

Market Size Estimates: Shell & tube heat exchanger market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Shell & tube heat exchanger market size by material, application, and region in terms of value ($B).

Regional Analysis: Shell & tube heat exchanger market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material, application, and regions for the shell & tube heat exchanger market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the shell & tube heat exchanger market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the shell & tube heat exchanger market size?

Answer: The global shell & tube heat exchanger market is expected to reach an estimated $9.8 billion by 2030.

Q.2 What is the growth forecast for shell & tube heat exchanger market?

Answer: The global shell & tube heat exchanger market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the shell & tube heat exchanger market?

Answer: The major drivers for this market are rising demand across a range of industries, including petrochemicals, pharmaceuticals, and power generation, for cutting-edge machinery that is extremely effective and corrosion-resistant, as well as, rapid industrialization in the emerging countries.

Q4. What are the major segments for shell & tube heat exchanger market?

Answer: The future of the global shell & tube heat exchanger market looks promising with opportunities in the chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, and pulp & paper markets.

Q5. Who are the key shell & tube heat exchanger market companies?

Answer: Some of the key shell & tube heat exchanger companies are as follows:

• Alfa Laval
• HRS Heat Exchangers
• Kelvion
• Xylem
• API Heat Transfer
• Koch Heat Transfer
• Thermex
• Manning and Lewis

Q6. Which shell & tube heat exchanger market segment will be the largest in future?

Answer: Lucintel forecasts that steel is expected to witness highest growth over the forecast period.

Q7. In shell & tube heat exchanger market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the rising population, urbanization, and industrialization, as well as, growing investments in the chemical and petrochemical sectors for residents in this area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the shell & tube heat exchanger market by material (steel, nickel & nickel alloys, titanium,tantalum, and others), application (chemical, petrochemical and oil & gas, HVAC & refrigeration, food & beverage, power generation, pulp & paper, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?