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Asia Pacific Shell & Tube Heat Exchanger Market Trends

Report ID: GMI10735
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Shell & Tube Heat Exchanger Market Trends

Asia Pacific shell & tube heat exchanger industry on account of the rapid industrial expansion and increasing energy demands across various applications including power generation, chemical processing, and HVAC systems. Government initiatives & policies aimed at reducing carbon emissions and promoting energy efficiency while mandating the use of energy-efficient equipment in industrial processes are encouraging the adoption of advanced heat exchangers.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

APAC market for shell & tube heat exchanger was worth over USD 2.2 billion in 2023 and will exhibit an 8.8% CAGR from 2024 to 2032, attributed to rapid industrialization and urbanization, leading to increased demand for efficient cooling and heating solutions.

APAC shell & tube heat exchanger industry from the chemical application segment will garner more than USD 1.5 billion by 2032, due to the extensive use of these systems in chemical processing and manufacturing.

China shell & tube heat exchanger industry will surpass USD 1.9 billion by 2032, fueled by rapid industrial growth and extensive investments in infrastructure and manufacturing sectors.

API Heat Transfer, ALFA LAVAL, Comp Air Treatment System Pvt. Ltd, Danfoss, Exergy LLC, HRS Process Systems Ltd., IHI Plant Services Corporation, Kinam Engineering Industries Pvt. Ltd., Kelvion Holding GmbH, Koch Heat Transfer Company, Mersen Group, United Heat Transfer, and Xylem, among others.