The global shell and tube heat exchanger market is projected to rise by USD 282.0 million by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 6 percent during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global shell and tube heat exchanger market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the shell and tube heat exchanger industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the material, end user, and region. The global market for shell and tube heat exchanger can be segmented by material: hastelloy, titanium, nickel and nickel alloys, tantalum, steel, others. The steel segment is estimated to account for the largest share of the global shell and tube heat exchanger market. Shell and tube heat exchanger market is further segmented by end user: power, petrochemical, chemical, food and beverage, HVAC, paper, others. The chemical segment held the largest revenue share in 2021. Based on region, the shell and tube heat exchanger market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, Asia-Pacific made up the largest share of the shell and tube heat exchanger market.

Market Segmentation
By material: hastelloy, titanium, nickel and nickel alloys, tantalum, steel, others
By end user: power, petrochemical, chemical, food and beverage, HVAC, paper, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report has also analysed the competitive landscape of the global shell and tube heat exchanger market with some of the key players being Alfa Laval AB, API Heat Transfer Inc., HRS Heat Exchangers Limited, Mersen S.A., Thermex Corporation, Xylem Inc., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global shell and tube heat exchanger market.
– To classify and forecast the global shell and tube heat exchanger market based on material, end user, region.
– To identify drivers and challenges for the global shell and tube heat exchanger market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global shell and tube heat exchanger market.
– To identify and analyze the profile of leading players operating in the global shell and tube heat exchanger market.

Why Choose This Report
– Gain a reliable outlook of the global shell and tube heat exchanger market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.