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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 ....

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