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Insights on the Shell and Tube Heat Exchangers Global Market to 2027 - Featuring Alfa Laval, Brask and SmartHeat Among Others
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Global Shell and Tube Heat Exchangers Industry (2020 to 2027) - Key Market Trends and Drivers
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Passenger cars is the leading segment in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 6%.
Who are the top players in the market?
Alfa Laval AB, API Heat Transfer Inc., Dana Inc., DENSO Corp., GEA Group AG, Mahle GmbH, Nippon Light Metal Holdings Co. Ltd., Robert Bosch GmbH, SPX Corp., and Valeo SA are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the heavy dependence on IC engines for mobility in emerging countries. However, the gradual increase in annual wages leading to declining profit margins will impede the market growth.
Brazed Plate Heat Exchangers Market : Emerging Economies Expected to Influence Growth until 2026 – KSU
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Shell & Tube Heat Exchanger Market Forecast to Reach $7.4 Billion by 2025 The Rising Demand for Steel in the Shell & Tube Heat Exchanger Will Drive the Market Growth in the Forecast Period.
BriefingWire.com, 4/07/2021 - Shell & Tube Heat Exchanger Market is forecast to reach $7.4 billion by 2025, after growing at a CAGR of 4.1% during 2020-2025. Owing to their easy maintenance, robust geometry design, and potential upgrades, shell and tube heat exchanger penetration is witnessing significant growth in oil refineries and petrochemical plants. Also, heat exchangers for shells and tubes are expected to gain popularity in the future due to their improved resistance to high-temperature applications and the ability to deliver protection against fouling. Hence, due to the rising demand for modern, new equipment in the petrochemical, pharmaceutical and power generation industries, providing high efficiency and resistance to corrosion is expected to raise