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This “Shell and Tube Heat Exchangers-Global Market Trajectory and Analysis” Report has been added to ResearchAndMarkets.com provide.
During the COVID-19 crisis, the global market for shell and tube heat exchangers is estimated to be USD 10.1 billion in 2020 and is expected to reach a revised USD 14 billion by 2027, growing at a CAGR of 4.8% in the analysis Period 2020-2027.
Steel is one of the market segments analyzed in the report. It is expected that by the end of the analysis period, the compound annual growth rate will reach 5.1%, reaching 4.9 billion US dollars. After an early analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the nickel and nickel alloys sector was re-adjusted to a revised compound annual growth rate of 5.3% for the next 7 years.
The U.S. market is estimated at 3 billion U.S. dollars, while China is expected to grow at a rate of 4.5%…
The full story can be found on Benzinga.com
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