Shell & Tube Heat Exchangers Market is Forecasted to Reach US$ 5.0 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global Shell & Tube Heat Exchangers Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 5.0 billion

Growth (CAGR): 4.3% during 2024-2030

Leading End-Use Industry: Power generation and petrochemical & chemical

Leading Region: Asia-Pacific

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 2

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Report Highlights

Segment Insights on the Shell & Tube Heat Exchangers Market:

The global Shell & Tube Heat Exchangers Market is segmented based end-user type, and region.

Based on end-use industry type – The market is segmented into oil & gas, petrochemical & chemical, food & beverage, power generation, HVAC & refrigeration, water & wastewater, pharmaceuticals, marine & shipbuilding, and others. During the forecast period, power generation and petrochemical & chemical are projected to remain the dominant end-use industries.

Low cost compared to plate heat exchangers, simple design and ease of maintenance, withstanding high pressure and temperature, and offering minimum pressure loss are some advantages of shell & tube heat exchangers that drive their demand for heat exchangers in the petrochemical & chemical, and power generation segments.

To know the most attractive segments, click here for a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/2933/shell-&-tube-heat-exchangers-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest shell & tube heat exchanger market during the forecast period. This growth outlook is majorly attributed to the following–

• The region is also expected to be the fastest-growing market in post-pandemic market developments. China is the workhorse of the region, as it is one of the major producers of oil and gas and petrochemicals and also the leading energy-producing country.

Shell & Tube Heat Exchangers Market Drivers:

Some of the key drivers listed in the report are given below.

• In 2021, the market experienced phenomenal growth, driven by the combined effects of recovery in production activity of oil & gas, petrochemical & chemical, power generation, and HVAC segments along with recovery in the economy, an abrupt increase in raw material prices, and rising investment and expansion of different projects.

Top 10 Companies in the Shell & Tube Heat Exchangers Market:

Stratview Research has identified the following companies as the top market players:

• Alfa Laval AB
• Johnson Controls International PLC
• Kelvion Holdings GmbH
• SPX Corporation
• Funke Warmeaustauscher Apparatebau GmbH
• Xylem Inc.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

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