Market Overview:
The global heat exchanger tubing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heat exchangers in various applications, such as industrial process, HVAC, marine applications, nuclear power and aerospace, and others. In addition, the growing demand for energy-efficient systems is also contributing to the growth of this market. The global heat exchanger tubing market can be segmented on the basis of type into seamless tube and welded tube. The welded tube segment is expected to grow at a higher CAGR than the seamless tube segment during the forecast period.
Product Definition:
A heat exchanger is a device used to transfer heat between two or more substances. Heat exchanger tubing is the component of the heat exchanger that actually transfers the heat. The importance of good quality heat exchanger tubing cannot be overstated, as poor-quality tubing can lead to a decrease in efficiency and an increase in operating costs.
Seamless Tube:
Seamless tubes are used in heat exchangers to transfer thermal energy from one place to another without the formation of a heat-affected zone. They are made up of high-grade steel and have no welded seam which makes them seamless. Seamless tubes can be manufactured by cold forming or hot forming methods. Cold formed seamless tube is stronger as compared to its counterpart, however, it has a higher probability of failure due to weak spots created during the process.
Welded Tube:
Welded tube is a special type of seamless steel pipe manufactured by welding two or more pieces of metal together. It has high strength and low permeability, which makes it suitable for use in heat exchangers where high temperature conditions prevail. Welded tubes are available in various sizes and can be customized as per the requirements of the customer.
The global welded tube.
Application Insights:
The industrial process application segment led the global heat exchanger tubing market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for HVAC from emerging economies including China, India, and Brazil. In addition, factors such as growing manufacturing sectors in countries including China, Japan and South Korea are expected to augment industry growth over the next eight years.
HVAC systems require tubes with high thermal conductivity so that they can transfer maximum heat generated by furnace into air or liquid medium efficiently without generating excess heat or wasting energy through conduction or convection radiation respectively.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of nuclear power plants and oil refineries in the region. The growth is attributed to rising demand for energy across various end-use industries, such as HVAC and industrial applications. In addition, increasing government initiatives towards reducing carbon footprint by adopting eco-friendly practices are expected to drive industry expansion over the forecast period.
Asia Pacific is projected to witness significant growth over the coming years owing to rapid industrialization coupled with supportive government policies aimed at promoting investments in manufacturing sectors across countries such as China, India, Japan and South Korea among others. Moreover, growing awareness regarding heat exchangers benefits coupled with rapidly expanding aerospace sector will further propel regional product demand during forecast period to 2030 (estimated).
Europe was estimated as being third largest regional segment after North America.
Growth Factors:
- Increasing demand for heat exchanger tubing from the automotive and transportation sector due to the increasing adoption of vehicles with advanced features.
- Growing demand for energy-efficient heating and cooling systems, which is expected to boost the growth of the heat exchanger tubing market in the near future.
- Rising investments in research and development activities by key players operating in this market to develop new and innovative products that can cater to the changing needs of consumers.
- The growing popularity of miniaturized heat exchangers, which is projected to fuel the growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Exchanger Tubing Market Research Report
By Type
Seamless Tube, Welded Tube
By Application
Industrial Process, HVAC, Marine Applications, Nuclear Power and Aerospace, Others
By Companies
NEOTISS, Webco Industries, AMETEK, Profins, Salem Tube, Ratnamani Metals & Tubes, Sandvik Materials Technology, Zeleziarne Podbrezova, Plymouth Tube, Nippon Steel Corporation, Pennar, Saint-Gobain
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Heat Exchanger Tubing Market Report Segments:
The global Heat Exchanger Tubing market is segmented on the basis of:
Types
Seamless Tube, Welded Tube
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Process, HVAC, Marine Applications, Nuclear Power and Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NEOTISS
- Webco Industries
- AMETEK
- Profins
- Salem Tube
- Ratnamani Metals & Tubes
- Sandvik Materials Technology
- Zeleziarne Podbrezova
- Plymouth Tube
- Nippon Steel Corporation
- Pennar
- Saint-Gobain
Highlights of The Heat Exchanger Tubing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Seamless Tube
- Welded Tube
- By Application:
- Industrial Process
- HVAC
- Marine Applications
- Nuclear Power and Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heat Exchanger Tubing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heat exchanger tubing is a type of tubing used to transfer heat between two different fluids. It is often used in industrial applications, such as heating and cooling systems.
Some of the major players in the heat exchanger tubing market are NEOTISS, Webco Industries, AMETEK, Profins, Salem Tube, Ratnamani Metals & Tubes, Sandvik Materials Technology, Zeleziarne Podbrezova, Plymouth Tube, Nippon Steel Corporation, Pennar, Saint-Gobain.
The heat exchanger tubing market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Exchanger Tubing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heat Exchanger Tubing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Exchanger Tubing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heat Exchanger Tubing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heat Exchanger Tubing Market Size & Forecast, 2020-2028
4.5.1 Heat Exchanger Tubing Market Size and Y-o-Y Growth
4.5.2 Heat Exchanger Tubing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Seamless Tube
5.2.2 Welded Tube
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Process
6.2.2 HVAC
6.2.3 Marine Applications
6.2.4 Nuclear Power and Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Exchanger Tubing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heat Exchanger Tubing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Seamless Tube
9.6.2 Welded Tube
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Process
9.10.2 HVAC
9.10.3 Marine Applications
9.10.4 Nuclear Power and Aerospace
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Seamless Tube
10.6.2 Welded Tube
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Process
10.10.2 HVAC
10.10.3 Marine Applications
10.10.4 Nuclear Power and Aerospace
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Seamless Tube
11.6.2 Welded Tube
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Process
11.10.2 HVAC
11.10.3 Marine Applications
11.10.4 Nuclear Power and Aerospace
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Seamless Tube
12.6.2 Welded Tube
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Process
12.10.2 HVAC
12.10.3 Marine Applications
12.10.4 Nuclear Power and Aerospace
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Seamless Tube
13.6.2 Welded Tube
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Process
13.10.2 HVAC
13.10.3 Marine Applications
13.10.4 Nuclear Power and Aerospace
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heat Exchanger Tubing Market: Competitive Dashboard
14.2 Global Heat Exchanger Tubing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NEOTISS
14.3.2 Webco Industries
14.3.3 AMETEK
14.3.4 Profins
14.3.5 Salem Tube
14.3.6 Ratnamani Metals & Tubes
14.3.7 Sandvik Materials Technology
14.3.8 Zeleziarne Podbrezova
14.3.9 Plymouth Tube
14.3.10 Nippon Steel Corporation
14.3.11 Pennar
14.3.12 Saint-Gobain
