Global Shell and Tube Heat Exchanger Market, By Type (Cross-flow to Tubes, Parallel-flow to Tubes), By Application (Chemicals, HVAC & Refrigeration, Petrochemicals and Oil & Gas, Power Generation, Pulp & Paper, Food & Beverages, Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

The Shell and Tube Heat Exchanger Market is projected to register high demand during the forecast period due to it’s increasing use in various applications such as chemicals, HVAC and refrigeration, power generation, pulp & paper, food & beverages, and others.

A shell and tube heat exchanger is a class of heat exchanger. It is broadly perceived sort of heat exchanger in petroleum treatment facilities and other chemical industries and is best fitted for high-pressure applications. This type of heat exchanger comprises a shell (an enormous weight vessel) with a bundle of tubes inside it. One fluid goes through the tubes and another fluid flows over the tubes (through the shell) to transfer the heat between the two fluids.

Segment Analysis:

Rising government focus toward modification and advancement of new industrial centers combined with the expansion of existing manufacturing units will drive the China heat exchanger market. High productivity, low-weight drop, and financial feasibility are some of the prominent features that will support the market of shell and tube heat exchanger.

As per the International Energy Agency (IEA), the global oil demand is anticipated to exceed 102 million barrels/day by 2022. This will help in increased the use of shell and tube exchanger. The introduction of energy-efficiency standards along with a rising focus to reduce carbon footprint will further fuel the industry growth for shell and tube heat exchanger in the coming years. 

Key Factors Impacting Market Growth:

  • Growing demand for capital intensive projects among end-use industries to drive the market
  • Cheap rate, high efficiency, and low-pressure drop than other types of heat exchangers will fuel market growth
  • Shell and tube heat exchangers leading to increasing chemical projects around the world, rising disposable income, and growth in the global economy
  • Consistent repair and maintenance costs, vibration during the transfer of fluid from one end to other may act as a challenge for the market 

Regional Analysis:

Major regions for shell and tube heat exchanger market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for shell and tube heat exchanger owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major applications in these industries are estimated to be chemicals, HVAC and refrigeration, power generation, pulp & paper, food & beverages, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for shell and tube heat exchanger market in the North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others. The Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including chemicals, HVAC and refrigeration, power generation, pulp & paper, food & beverages, and others. Among these industries, chemicals, HVAC and refrigeration, power generation, pulp & paper, food & beverages, and others are estimated to register high demand for shell and tube heat exchanger market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including chemicals, HVAC and refrigeration, power generation, pulp & paper, food & beverages, and others. This is expected to drive the growth of shell and tube heat exchanger market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for shell and tube heat exchanger market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: 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, and Southern Heat Exchanger… 

Market Segmentation:

By Type:

  • Crossflow to Tubes
  • Parallel flow to Tubes

By Application:

  • Chemicals
  • HVAC and Refrigeration
  • Petrochemicals and Oil & Gas
  • Power Generation
  • Pulp & Paper
  • Food & Beverages
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, Australia, New Zealand)
    • By Type
    • By Application
  • Middle East
    • By Country (Saudi Arabia, UAE, Egypt)
    • By Type
    • By Application
  • Rest of the World
    • By Region (Africa, South America, Rest of the world)
    • By Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the shell and tube heat exchanger market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: sales@quincemarketinsights.com