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

Market Overview - The global Shell & Tube Heat Exchangers Market is projected to grow at an annual rate of 4.3% from 2024 to 2030, reaching a size of US$ 5.0 billion by 2030 [1][3]. Report Insights - Stratview Research has launched a comprehensive report on the Shell & Tube Heat Exchangers Market, covering global and regional forecasts, current and emerging trends, segment analysis, and competitive landscape [2][3]. Segment Analysis - The market is segmented by end-use industry type, including oil & gas, petrochemical & chemical, food & beverage, power generation, HVAC & refrigeration, water & wastewater, pharmaceuticals, marine & shipbuilding, and others. Power generation and petrochemical & chemical are expected to be the dominant end-use industries during the forecast period [4][5]. Market Drivers - Key drivers for the Shell & Tube Heat Exchangers Market include growing investments and expansions in various industries such as oil & gas, petrochemical, power generation, and HVAC, along with increased adoption of heat exchangers for safety reasons [9]. Regional Insights - Asia-Pacific is anticipated to remain the largest market for shell & tube heat exchangers during the forecast period, driven by post-pandemic developments, with China being a major producer of oil, gas, and petrochemicals [7]. Competitive Landscape - The market features a large number of local, regional, and global players, with competition based on price, product offerings, and regional presence. Key companies identified include Alfa Laval AB, Johnson Controls International PLC, Kelvion Holdings GmbH, SPX Corporation, Funke Warmeaustauscher Apparatebau GmbH, and Xylem Inc. [10][13].