YORK, Nov. 24, 2022 /PRNewswire/ -- The global
shell & tube heat exchanger market size is projected to grow
from USD 9.0 billion in 2022 to
USD 11.7 billion by 2027, at a CAGR
of 5.4% between 2022 and 2027. Rising demand from emerging markets
and growing industrialization are expected to offer significant
growth opportunities to manufacturers of shell & tube heat
Read the full report:
The petrochemical and oil & gas segment accounted for the
second largest CAGR in the shell & tube heat exchanger market
in terms of value, during the forecast period.
Shell & Tube heat exchangers are used in the petrochemical
industry in the manufacturing of alcohols, aromatics, detergents,
olefins, varnishes, and plastics & wastewater treatment.The
demand of shell & tube heat exchangers in the petrochemical
industry varies according to the grades of oil.
Some of the major processes utilizing the shell & tube heat
exchangers in the petrochemical industry are syngas heater, boiler
feedwater heater, and sour gas heater.
Steel is the largest material segment of shell & tube heat
Steel is widely used in shell & tube heat exchanger.This
material accounted for the largest share of material in the shell
& tube heat exchanger market.
Stainless steel is ideally used for the construction of shell &
tube heat exchanger due to its high strength & durability, and
resistance against corrosion. The most preferred steel grades by
manufactures are mild steel and stainless steel.
North America is estimated to
be the second-largest market for shell & tube heat
North America is the
second-largest market for Shell and tube heat exchangers.US,
Canada, and the Mexico are the major countries in the North
The region has a strong industrial base. Some of the major players
operating in the shell and tube heat exchangers market are based in
this region, such as Xylem, API Heat Transfer, Koch Heat Transfer,
and Manning & Lewis.
In-depth interviews were conducted with Chief Executive Officers
(CEOs), marketing directors, other innovation and technology
directors, and executives from various key organizations operating
in the shell & tube heat exchangers market, and information was
gathered from secondary research to determine and verify the market
size of several segments.
â€¢ By Company Type: Tier 1 â€" 40%, Tier 2 â€" 30%, and Tier 3 â€"
â€¢ By Designation: C Level Executivesâ€" 20%, Directors â€" 10%,
and Others â€" 70%
â€¢ By Region: APAC â€" 50%, Europe â€" 20%, North America â€" 10%, the Middle East & Africa â€"10%, and South America- 10%
The key players in this market are Alfa Laval AB (Sweden), HRS Heat Exchangers (UK), Kelvion
(Germany), Xylem (US), API Heat
Transfer (US), Koch Heat Transfer (US), Thermex (UK), Manning and
Lewis (US), Thermofin (Canada),
and Mersen (France).
The report offers insights into the Shell & tube heat exchanger
market in key regions.It aims at estimating the size of the shell
& tube heat exchanger market during the forecast period and
projects future growth of the market across various segments based
on material, application, and region.
The report also includes an in-depth competitive analysis of the
key players in the shell & tube heat exchanger market, along
with company profiles, MNM view, recent developments, and key
Key Benefits of Buying the Report
From an insight perspective, this research report focuses on
various levels of analysis â€" industry analysis (industry trends),
market share ranking of top players, and company profiles, which
together comprise and discuss the basic views on the competitive
landscape; emerging and high-growth segments of the shell &
tube heat exchanger; high growth regions; and market drivers,
restraints, opportunities, and challenges.
Read the full report:
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001