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Shell & Tube Heat Exchangers Market Is Poised To Hit USD 9.19 Billion By 2027 | Latest Technology, Size, Opportunities And Dynamic Innovation – Exclusive Report By Million Insights

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Shell & Tube Heat Exchangers Market Is Poised To Hit USD 9.19 Billion By 2027 | Latest Technology, Size, Opportunities And Dynamic Innovation – Exclusive Report By Million Insights

January 11
13:53 2021
Shell & Tube Heat Exchangers Market Is Poised To Hit USD 9.19 Billion By 2027 | Latest Technology, Size, Opportunities And Dynamic Innovation - Exclusive Report By Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global shell and tube heat exchangers industry to register a CAGR of 6.2% by 2027. Report includes in-depth market analysis by recent technologies, market size, share, trends, opportunities, types, segment and future analysis

The global Shell & Tube Heat Exchangers Market is anticipated to value USD 9.19 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The surging need for heat transfer to carry out several manufacturing activities is expected to drive the market growth of shell & tube heat exchangers across the globe.

In 2019, the steel segment dominated the global market with a share of 30.9% due to features like enhanced corrosion resistance in cooling waters and chemical environments and improved temperature resistance. On the other hand, the nickel & nickel alloys segment is expected to register the highest CAGR of 6.6% over the forecasted years owing to its rising demand across petrochemical and chemical industries.

To download the sample PDF of “Global Shell & Tube Heat Exchangers Market” please click here: https://www.millioninsights.com/industry-reports/shell-tube-heat-exchangers-market/request-sample

 

The end-use segment of chemical dominated the global market with a share of around 20.2% in 2019 on account of its characteristics of heat exchangers such as ease of repair and maintenance and designing flexibility. The petrochemical segment is anticipated to witness substantial growth from 2020 to 2027 owing to its wide range of industrial applications like separating oil from gas and water in the process of heat recovery.

The Asia Pacific dominated the global market in 2019 owing to the rising investments across petrochemical and chemical industries across this region. While Europe accounted for the second-largest share due to the imposition of regulations by governing authorities for reducing greenhouse gas and CO2 emissions.

The shell & tube heat exchangers market includes key players such as Thermex; Xylem Inc; Alfa Laval; HRS Heat Exchangers; Elanco, Inc.; and Brask, Inc. They are engaged in implementing strategies like acquisitions, alliances, and mergers to gain a competitive advantage. Also, many local players have started entering the global market thereby creating stiff competition for the key players.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/shell-tube-heat-exchangers-market

 

Further key findings from the report suggest:

• The material segment of steel accounted for the largest share across the global market in 2019.

• The petrochemical end-use segment is anticipated to register significant growth over the forecasted period, 2020 to 2027.

• In 2019, Asia Pacific dominated the global shell and tube heat exchangers market with share of around 36.3%.

• The key players in this market are Thermex; Xylem Inc; Alfa Laval; HRS Heat Exchangers; Elanco, Inc.; and Brask, Inc.

Million Insights has segmented the global shell & tube heat exchangers market based on material, end use, and region:

Shell & Tube Heat Exchangers Material Outlook (Revenue, USD Million, 2016 – 2027)
    • Hastelloy
    • Titanium
    • Nickel & Nickel Alloys
    • Tantalum
    • Steel
        • Stainless Steel
        • Duplex Steel
        • Carbon Steel
        • Super Duplex Steel
        • Others
    • Others

Shell & Tube Heat Exchangers End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Power Generation
    • Petrochemicals
    • Chemical
    • Food & Beverages
    • HVAC & Refrigeration
    • Pulp & Paper
    • Others

Shell & Tube Heat Exchangers Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • France
        • Italy
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa
        • UAE
        • Saudi Arabia
        • South Africa
        • Turkey
        • Nigeria

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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