Market Overview:
The global Twisted Tube Heat Exchangers market is expected to grow from USD 1.02 billion in 2018 to USD 1.48 billion by 2030, at a CAGR of 5.1% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for heat exchangers in petrochemical, chemical industry, paper & pulp, and other applications industries. Twisted tube heat exchangers are used extensively in these industries owing to their high thermal efficiency and compact size.
Product Definition:
A twisted tube heat exchanger is a type of heat exchanger that uses tubes that are twisted around each other. This type of heat exchanger is often used in industrial applications, as it can be more efficient than other types of heat exchangers.
The global demand for 10 ton heat exchangers is expected to grow at a CAGR of XX% from 2016 to 2024. The growth in the industry can be attributed to the rising requirement for process heating and cooling across various industries such as petrochemical, chemical, power generation & distribution, food & beverage processing among others.
Heat exchangers are used in numerous applications ranging from oil refinery processes to industrial water treatment and power generation systems.
10-20 Ton:
10-20 ton heat exchangers are used in petroleum refining, petrochemical industries for various applications. It is a type of medium pressure (MP) exchanger which has a capacity between 10 and 20 tons. The main difference between 10-20 ton and 50-60ton heat exchangers is that the latter can handle higher flow rates (up to 40MT/HR) whereas the former can only handle low to medium flow rates (less than 30 MT/HR).
Application Insights:
Petrochemical was the dominant application segment in 2017 and accounted for a revenue share of more than 40%. The growth can be attributed to the rising demand for petroleum products, particularly gasoline, from automobiles across the globe. Furthermore, growing investments in refining projects by major oil companies such as Saudi Arabia and Iran are expected to drive industry expansion over the forecast period.
Chemical industry is also one of the significant end-use segments owing to its increasing requirement chemical products including acids & bases along with other intermediate chemicals used in various industries such as pharmaceuticals and food processing. Twisted tube heat exchangers are widely used within petrochemical plants due to their ability to deliver high heat transfer rates while consuming low amounts of power. These exchangers provide even heating throughout its tubes ensuring uniformity in feedstock entering any unit at a particular time or speed during processing operations at a petrochemical plant.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue in 2017 owing to high demand from chemical, petrochemical, and other industrial applications. China is projected to remain a key consumer as well as producer country due to presence of numerous raw material suppliers coupled with easy access to labor and capital has resulted in high production activities within the country.
The Middle East & Africa was one of the fastest-growing regions with CAGR exceeding 5% during the forecast period on account rising investments by foreign players along with government support for promoting FDI flow at an international level which will lead towards development of various sectors including oil & gas, power generation, etc., thereby boosting Twisted Heat Exchangers (THX) market growth across countries such as Saudi Arabia, UAE, Iran etc.
Growth Factors:
- Increasing demand for energy efficient heating and cooling systems
- Growing popularity of heat exchangers as a replacement for traditional radiators
- Rising awareness about the benefits of using Twisted Tube Heat Exchangers in commercial and industrial applications
- Technological advancements that have led to the development of more efficient and compact heat exchangers
- The increasing demand from developing countries for energy-efficient heating and cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Twisted Tube Heat Exchangers Market Research Report
By Type
<10 Ton, 10-20 Ton, >20 Ton
By Application
Petrochemical, Chemical Industry, Paper & Pulp, Other Applications
By Companies
KOCH HEAT TRANSFER COMPANY, Mayr＆Wilhelm, Siljan Allards, SMDERI
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Twisted Tube Heat Exchangers Market Report Segments:
The global Twisted Tube Heat Exchangers market is segmented on the basis of:
Types
<10 Ton, 10-20 Ton, >20 Ton
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
Petrochemical, Chemical Industry, Paper & Pulp, Other Applications
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:
- KOCH HEAT TRANSFER COMPANY
- Mayr＆Wilhelm
- Siljan Allards
- SMDERI
Highlights of The Twisted Tube Heat Exchangers 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:
- <10 Ton
- 10-20 Ton
- >20 Ton
- By Application:
- Petrochemical
- Chemical Industry
- Paper & Pulp
- Other Applications
- 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 Twisted Tube Heat Exchangers 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?
A Twisted Tube Heat Exchanger is a type of heat exchanger that uses twisted metal tubes to transfer heat between two fluids. The tubes are heated by the fluid flowing through them, and then the heated tubes transfer that heat to the colder fluid. This type of exchanger is often used in industrial applications, such as manufacturing plants or oil refineries, because it is efficient at transferring thermal energy.
Some of the major players in the twisted tube heat exchangers market are KOCH HEAT TRANSFER COMPANY, Mayr＆Wilhelm, Siljan Allards, SMDERI.
The twisted tube heat exchangers market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Twisted Tube Heat Exchangers 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 Twisted Tube Heat Exchangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Twisted Tube Heat Exchangers 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 Twisted Tube Heat Exchangers 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 Twisted Tube Heat Exchangers Market Size & Forecast, 2020-2028
4.5.1 Twisted Tube Heat Exchangers Market Size and Y-o-Y Growth
4.5.2 Twisted Tube Heat Exchangers 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 <10 Ton
5.2.2 10-20 Ton
5.2.3 >20 Ton
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 Petrochemical
6.2.2 Chemical Industry
6.2.3 Paper & Pulp
6.2.4 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Twisted Tube Heat Exchangers 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 Twisted Tube Heat Exchangers 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 <10 Ton
9.6.2 10-20 Ton
9.6.3 >20 Ton
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 Petrochemical
9.10.2 Chemical Industry
9.10.3 Paper & Pulp
9.10.4 Other Applications
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 <10 Ton
10.6.2 10-20 Ton
10.6.3 >20 Ton
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 Petrochemical
10.10.2 Chemical Industry
10.10.3 Paper & Pulp
10.10.4 Other Applications
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 <10 Ton
11.6.2 10-20 Ton
11.6.3 >20 Ton
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 Petrochemical
11.10.2 Chemical Industry
11.10.3 Paper & Pulp
11.10.4 Other Applications
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 <10 Ton
12.6.2 10-20 Ton
12.6.3 >20 Ton
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 Petrochemical
12.10.2 Chemical Industry
12.10.3 Paper & Pulp
12.10.4 Other Applications
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 <10 Ton
13.6.2 10-20 Ton
13.6.3 >20 Ton
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 Petrochemical
13.10.2 Chemical Industry
13.10.3 Paper & Pulp
13.10.4 Other Applications
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 Twisted Tube Heat Exchangers Market: Competitive Dashboard
14.2 Global Twisted Tube Heat Exchangers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KOCH HEAT TRANSFER COMPANY
14.3.2 Mayr＆Wilhelm
14.3.3 Siljan Allards
14.3.4 SMDERI
