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Shell & Tube Heat Exchanger Market Trends

Report ID: GMI9967
Published Date: Jun 2024
Report Format: PDF

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Shell & Tube Heat Exchanger Market Trends

Shell & tube heat exchanger industry is set to grow owing to increasing demand for heating and cooling solutions across residential and commercial infrastructure. Moreover, growing inclination on utilization of waste heat generated from industrial processes, is set to complement the industry outlook. Growing emphasis on meeting energy efficiency regulations and standards along with shifting focus to curb emissions is set to influence the industry growth. Moreover, ongoing innovations, advancements in technology aimed at enhancing operational efficiency and flexibility of heat exchanger units will significantly accelerate the product deployment.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size shell & tube heat exchanger was reached USD 5.9 billion in 2023 and is anticipated to register 8.2% CAGR between 2024 and 2032, due to the stringent standards by respective authorities to curb carbon emissions and favorable regulatory initiatives.

The chemical application segment in the shell & tube heat exchanger market is anticipated to reach 3.4 billion by 2032, due to rising demand for chemical products, energy efficiency, sustainability, stringent regulations, and improved process control through digital technologies.

Asia Pacific shell & tube heat exchanger market is set to reach USD 4.5 billion by 2032, due to manufacturing expansion, chemical refining growth, and increased investments in energy-intensive infrastructure.

A.A. Anderson & Co., Inc., ALFA LAVAL, API Heat Transfer, Bronswerk, COMP AIR TREATMENT SYSTEM P. LTD., Enerquip Thermal Solutions, Exergy LLC, FUNKE Wärmeaustauscher Apparatebau GmbH, and HRS Process Systems Ltd., among others.