The global shell and tube heat exchanger market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The market is driven by factors such as increasing demand for energy efficient equipment, growing need for cooling in various industries, and increasing demand for heat exchangers in the power generation industry.
Crossflow to Tubes: The crossflow to tubes segment accounted for the largest share of the global shell and tube heat exchanger market in 2017, followed by parallelflow to tubes segment. Crossflow type has been preferred over other types due to its high efficiency levels and low pressure drop rates which are required in various industries such as chemicals, petrochemicals & oil & gas, HVAC & refrigeration, food & beverages and power generation.
Chemicals: Chemicals accounted for the largest share of the global shell and tube heat exchanger market in 2017 due to its high growth potential owing to increased demand from various end-use industries such as pharmaceuticals, paints & coatings and adhesives among others. Increasing use of chemical products across various end-use industries is driving this segment’s growth globally.
Some Of The Growth Factors Of This Market:
- Increasing demand for energy efficient equipment is driving the Shell and Tube Heat Exchanger market.
- Increasing demand for heat exchangers in the oil & gas industry is driving the Shell and Tube Heat Exchanger market.
- Growing need for heat exchangers in various industries such as chemical, petrochemical, power generation, food processing, pharmaceuticals etc, are driving the Shell and Tube Heat Exchanger market.
Industry Growth Insights published a new data on “Shell & Tube Heat Exchanger Market”. The research report is titled “Shell & Tube Heat Exchanger Market research by Types (Crossflow to Tubes, Parallelflow to Tubes), By Applications (Chemicals, Petrochemicals and oil & gas, HVAC & refrigeration, Food & beverages, Power generation, Pulp & paper, Others), By Players/Companies Alfa Laval, Kelvion, SPX, Standard Xchange, API Heat Transfer, Brask, Hughes Anderson, Manning and Lewis, Mason Manufacturing, Kennedy Tank & Manufacturing, Enerfin, Hrs Heat Exchangers, Koch Heat Transfer, Southern Heat Exchanger”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shell & Tube Heat Exchanger Market Research Report
By Type
Crossflow to Tubes, Parallelflow to Tubes
By Application
Chemicals, Petrochemicals and oil & gas, HVAC & refrigeration, Food & beverages, Power generation, Pulp & paper, Others
By Companies
Alfa Laval, Kelvion, SPX, Standard Xchange, API Heat Transfer, Brask, Hughes Anderson, Manning and Lewis, Mason Manufacturing, Kennedy Tank & Manufacturing, Enerfin, Hrs Heat Exchangers, Koch Heat Transfer, Southern Heat Exchanger
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Shell & Tube Heat Exchanger Market Report Segments:
The global Shell & Tube Heat Exchanger market is segmented on the basis of:
Types
Crossflow to Tubes, Parallelflow to Tubes
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
Chemicals, Petrochemicals and oil & gas, HVAC & refrigeration, Food & beverages, Power generation, Pulp & paper, 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:
- Alfa Laval
- Kelvion
- SPX
- Standard Xchange
- API Heat Transfer
- Brask
- Hughes Anderson
- Manning and Lewis
- Mason Manufacturing
- Kennedy Tank & Manufacturing
- Enerfin
- Hrs Heat Exchangers
- Koch Heat Transfer
- Southern Heat Exchanger
Highlights of The Shell & Tube Heat Exchanger 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:
- Crossflow to Tubes
- Parallelflow to Tubes
- By Application:
- Chemicals
- Petrochemicals and oil & gas
- HVAC & refrigeration
- Food & beverages
- Power generation
- Pulp & paper
- 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 Shell & Tube Heat Exchanger 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.
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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 shell and tube heat exchanger is a type of heat exchanger that uses the principle of thermal radiation. The shell and tube design allows for greater surface area to exchange heat with the surroundings, which results in increased efficiency.
Some of the major companies in the shell & tube heat exchanger market are Alfa Laval, Kelvion, SPX, Standard Xchange, API Heat Transfer, Brask, Hughes Anderson, Manning and Lewis, Mason Manufacturing, Kennedy Tank & Manufacturing, Enerfin, Hrs Heat Exchangers, Koch Heat Transfer, Southern Heat Exchanger.
The shell & tube heat exchanger market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shell & Tube Heat Exchanger Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shell & Tube Heat Exchanger Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shell & Tube Heat Exchanger Market - Supply Chain
4.5. Global Shell & Tube Heat Exchanger Market Forecast
4.5.1. Shell & Tube Heat Exchanger Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shell & Tube Heat Exchanger Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shell & Tube Heat Exchanger Market Absolute $ Opportunity
5. Global Shell & Tube Heat Exchanger Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shell & Tube Heat Exchanger Market Size and Volume Forecast by Type
5.3.1. Crossflow to Tubes
5.3.2. Parallelflow to Tubes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shell & Tube Heat Exchanger Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shell & Tube Heat Exchanger Market Size and Volume Forecast by Application
6.3.1. Chemicals
6.3.2. Petrochemicals and oil & gas
6.3.3. HVAC & refrigeration
6.3.4. Food & beverages
6.3.5. Power generation
6.3.6. Pulp & paper
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shell & Tube Heat Exchanger Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shell & Tube Heat Exchanger Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shell & Tube Heat Exchanger Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shell & Tube Heat Exchanger Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shell & Tube Heat Exchanger Demand Share Forecast, 2019-2029
9. North America Shell & Tube Heat Exchanger Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shell & Tube Heat Exchanger Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shell & Tube Heat Exchanger Market Size and Volume Forecast by Application
9.4.1. Chemicals
9.4.2. Petrochemicals and oil & gas
9.4.3. HVAC & refrigeration
9.4.4. Food & beverages
9.4.5. Power generation
9.4.6. Pulp & paper
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shell & Tube Heat Exchanger Market Size and Volume Forecast by Type
9.7.1. Crossflow to Tubes
9.7.2. Parallelflow to Tubes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shell & Tube Heat Exchanger Demand Share Forecast, 2019-2029
10. Latin America Shell & Tube Heat Exchanger Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shell & Tube Heat Exchanger Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shell & Tube Heat Exchanger Market Size and Volume Forecast by Application
10.4.1. Chemicals
10.4.2. Petrochemicals and oil & gas
10.4.3. HVAC & refrigeration
10.4.4. Food & beverages
10.4.5. Power generation
10.4.6. Pulp & paper
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shell & Tube Heat Exchanger Market Size and Volume Forecast by Type
10.7.1. Crossflow to Tubes
10.7.2. Parallelflow to Tubes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shell & Tube Heat Exchanger Demand Share Forecast, 2019-2029
11. Europe Shell & Tube Heat Exchanger Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shell & Tube Heat Exchanger Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shell & Tube Heat Exchanger Market Size and Volume Forecast by Application
11.4.1. Chemicals
11.4.2. Petrochemicals and oil & gas
11.4.3. HVAC & refrigeration
11.4.4. Food & beverages
11.4.5. Power generation
11.4.6. Pulp & paper
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shell & Tube Heat Exchanger Market Size and Volume Forecast by Type
11.7.1. Crossflow to Tubes
11.7.2. Parallelflow to Tubes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shell & Tube Heat Exchanger Demand Share, 2019-2029
12. Asia Pacific Shell & Tube Heat Exchanger Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shell & Tube Heat Exchanger Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shell & Tube Heat Exchanger Market Size and Volume Forecast by Application
12.4.1. Chemicals
12.4.2. Petrochemicals and oil & gas
12.4.3. HVAC & refrigeration
12.4.4. Food & beverages
12.4.5. Power generation
12.4.6. Pulp & paper
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shell & Tube Heat Exchanger Market Size and Volume Forecast by Type
12.7.1. Crossflow to Tubes
12.7.2. Parallelflow to Tubes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shell & Tube Heat Exchanger Demand Share, 2019-2029
13. Middle East & Africa Shell & Tube Heat Exchanger Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shell & Tube Heat Exchanger Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shell & Tube Heat Exchanger Market Size and Volume Forecast by Application
13.4.1. Chemicals
13.4.2. Petrochemicals and oil & gas
13.4.3. HVAC & refrigeration
13.4.4. Food & beverages
13.4.5. Power generation
13.4.6. Pulp & paper
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shell & Tube Heat Exchanger Market Size and Volume Forecast by Type
13.7.1. Crossflow to Tubes
13.7.2. Parallelflow to Tubes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shell & Tube Heat Exchanger Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Shell & Tube Heat Exchanger Market: Market Share Analysis
14.2. Shell & Tube Heat Exchanger Distributors and Customers
14.3. Shell & Tube Heat Exchanger Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfa Laval
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kelvion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SPX
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Standard Xchange
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. API Heat Transfer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Brask
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hughes Anderson
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Manning and Lewis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mason Manufacturing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kennedy Tank & Manufacturing
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Enerfin
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hrs Heat Exchangers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Koch Heat Transfer
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Southern Heat Exchanger
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
