Press release
Shell and Tube Heat Exchanger Market Revenue to Cross USD 11.72 billion by 2034, with 5.6% Annual Growth From 2025-2034
The shell and tube heat exchanger market size was valued at USD 6.79 billion in 2024. It is projected to grow to USD 11.72 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2025 to 2034.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Shell and tube heat exchangers are favored for their uncomplicated design and highly effective heat transfer efficiency. They consist of multiple tubes enclosed within a shell. The heat exchanger allows one fluid to pass through the tiny tubes while the other circulates them. The fluids may consist of liquids or gases located either on the shell or tube side.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/shell-and-tube-heat-exchanger-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โ The increasing influx of capital is motivating manufacturers to invest more in advanced equipment and lower operational expenses. This rise in investments is fueling the need for shell and tube heat exchanger systems, resulting in the expansion of the shell and tube heat exchanger market.
โ The increase in new construction globally is fueling the need for HVAC equipment. Construction professionals worldwide are incorporating HVAC systems into their buildings to satisfy purchasers' needs for proper ventilation.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Top companies in the worldwide market focus on strategic acquisitions to boost their research and development capabilities and secure a competitive advantage, enabling them to offer consumers innovative products. Here is the list of the leading companies operating in the shell and tube heat exchanger market:
โข Alfa Laval
โข HRS Heat Exchangers
โข Kelvion Holding GmbH
โข API Heat Transfer
โข Brask, Inc.
โข Koch Heat Transfer Company
โข Xylem Inc.
โข WCR, Inc.
โข Southern Heat Exchanger Corporation
โข Manning and Lewis
โข Elanco, Inc.
โข Mersen
โข Thermex
โข Tinita Engineering Pvt. Ltd
โข Barriquand Heat Exchanger
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/shell-and-tube-heat-exchanger-market/inquire-before-buying
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ก๐๐ฅ๐ฅ ๐๐ง๐ ๐๐ฎ๐๐ ๐๐๐๐ญ ๐๐ฑ๐๐ก๐๐ง๐ ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข Based on material, the steel segment is expected to experience the highest CAGR in the global market during the forecast period due to the cost-effectiveness of steel material.
โข The chemical segment, by end use, recorded the largest revenue share of the shell and tube heat exchanger market in 2024 due to the growing application of shell and tube heat exchanger systems in chemical manufacturing processes.
โข In 2024, North America held the largest revenue share in the shell and tube heat exchanger market due to the expansion of the food and beverage industries.
โข The shell and tube heat exchanger market in India is projected for substantial growth due to an increase in government spending on power generation.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/shell-and-tube-heat-exchanger-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The market is primarily segmented based on material, end use, and region. Based on the material analysis, the steel segment experienced substantial growth, with the highest CAGR in the global market in 2024. The cost-efficiency of steel material propels growth. Industries globally are seeking more efficient and affordable materials for production, resulting in steel becoming the top choice among manufacturers and driving growth in the steel segment.
Moreover, according to the end use analysis in 2024, the chemical segment held the largest revenue share of the market in 2024 because of the increasing utilization of shell and tube heat exchangers in chemical production procedures.
Shell and Tube Heat Exchanger Market, Material Outlook (Revenue - USD Billion, 2020-2034)
โข Haste Alloy
โข Titanium
โข Nickel & Nickel Alloys
โข Tantalum
โข Steel
o Stainless Steel
o Duplex Steel
o Carbon Steel
o Super Duplex Steel
o Others
โข Others
Shell and Tube Heat Exchanger Market, End Use Outlook (Revenue - USD Billion, 2020-2034)
โข Power Generation
โข Petrochemicals
โข Chemical
โข Food & Beverages
โข HVAC & Refrigerators
โข Pulp & Paper
โข Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Polycarbonate Sheet Market: https://www.polarismarketresearch.com/industry-analysis/polycarbonate-sheet-market
Industrial Enzymes Market: https://www.polarismarketresearch.com/industry-analysis/industrial-enzymes-market
Proppants Market: https://www.polarismarketresearch.com/industry-analysis/proppants-market
Epdm Market: https://www.polarismarketresearch.com/industry-analysis/epdm-market
Medical Engineered Materials Market: https://www.polarismarketresearch.com/industry-analysis/medical-engineered-materials-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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