February 21, 2025 21:00 ET | Source: Stratview Research Stratview Research
Detroit, Feb. 21, 2025 (GLOBE NEWSWIRE) -- The global Shell & Tube Heat Exchangers Market is projected to witness a growth rate of 4.3% annually from 2024 to 2030, with an anticipated size of US$ 5.0 billion by 2030, according to an analysis by Stratview Research. heat exchanger in ship
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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Segment Insights on the Shell & Tube Heat Exchangers Market:
The global shell & tube heat exchangers market is segmented based on end-use industry 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:
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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:
Shell & Tube Heat Exchangers Market Drivers:
Some of the key drivers listed in the report are given below.
Top Companies in the Shell & Tube Heat Exchangers Market:
The market is highly populated, with the presence of a large number of local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:
What Deliverables Will You Get in this Report?
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