Shell and Tube Heat Exchangers Market Size, Share, Growth and Forecast to 2029 | Data Intelligence
The global shell and tube heat exchangers market is estimated to reach a CAGR of 6.2% during the forecast period (2022-2029).
A shell and tube heat exchanger consists of tubes mounted inside a cylindrical shell to exchange the heat of two fluids. Fluids tend to flow in a parallel or transverse direction and can be unique depending on the arrangement. These exchangers have a simple design, low maintenance cost and robust characteristics. Shell and tube heat exchangers are very popular and commonly used in industry. This is mainly due to their versatility.
A shell and tube heat exchanger consists of a shell, a bundle of tubes and two heads or plugs at both ends of the shell. Shell and tube heat exchangers are generally of 3 types: fixed tube plate heat exchangers, U-tube heat exchangers and floating manifold heat exchangers. Selection of heat exchanger type is made based on the following factors: selection of shell-side and tube-side fluids, selection of shell type, selection of front and rear header types, and selection of exchanger geometry .
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The growth of the global shell and tube heat exchangers market is driven by the expansion of the chemical industry and the continued support from global organizations.
Continued support from global organizations is expected to boost market growth
Global organizations such as the Tubular Exchanger Manufacturers Association (TEMA) have established various standards for the construction of shell and tube heat exchangers. The association regularly meets industry standards to update and revise standards, respond to inquiries, and discuss industry-related topics. TEMA has been recognized globally as the regulatory authority for the shell and tube heat exchanger market. For this reason, 70% of industries are interested in doing business with companies associated with TEMA. Some of the major shell and tube heater players associated with the organization are Brask Inc, Dunn Heat Exchangers, Inc, Energy Exchanger Corp, Fabsco Shell and Tube, Graham Corporation, Heat Transfer Equipment Company, Perry Products, and various others.
By apps
- Boilers
- Heating/cooling of gaseous or liquid media
- Refining
- White water heat recovery unit
- Steam condenser
By type
- Floating head heat exchangers
- Fixed tube sheet
- U-tube
By components
- On your mind
- Tube sheet
- Shell
- tubing
- Baffles
- Cap
By material
- Stainless steel
- Brass
- Cu-Ni 90/10 and 70-30
- Aluminum
- Titanium
- Copper
By end users
- Biotechnology and pharmaceuticals
- Food and drink
- Marine and Transportation
- Electricity production plant
Competitive landscape
The shell and tube heat exchangers market is moderately competitive with the presence of the local player followed by global companies contributing major portion of the market growth. Additionally, some of the major players contributing to the growth of the market are United Heat Exchangers, Ametek Inc., Bitzer SE, Kelvion Holdings GmbH, Thermax Limited, American Heating Company, Enerquip LLC Manson Manufacturing LLC, Mezzo Technologies, Thermofin, and others. . The major players are adopting various new strategies to dominate the market, such as new product launches, acquisitions, and collaborations, which are contributing to the growth of the global shell and tube heat exchangers market.
Key players covered in the global market
Some of the major players contributing to the growth of the market are United Heat Exchangers, Ametek Inc., Bitzer SE, Kelvion Holdings GmbH, Thermax Limited, American Heating Company, Enerquip LLC Manson Manufacturing LLC, Mezzo Technologies, Thermofin and others.
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The full report contains the information below.
The report offers a comprehensive valuation of the market in terms of market value (USD) and annual growth rate (%). It does this by using in-depth qualitative insights, historical data (2020-2021) and verifiable projections of the market size over the forecast period (2022-2029). Visualize the composition of the global shell and tube heat exchangers market segmentation by technology, service, application, and country, highlighting major assets and business players.
By product
By type
By app
Identify business opportunities in the market by analyzing trends and co-development agreements.
The report also covers data insights on various industry forces such as carrier’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and price analysis. Excel data sheet with thousands of market level 4/5 segmentation data points. PDF report with the most relevant analysis convincingly assembled after exhaustive qualitative interviews and in-depth market research. Product mapping in Excel for key product of all major market players. The report will provide access to approximately 50+ market data tables, over 40 figures and nearly 180 pages.
Additional benefits after purchase:
Unlimited Analyst Support for a period of 1 year. Any questions regarding the scope offered will be answered within 24-48 hours. An Excel sheet with market numbers will be provided separately.
Bitzer SE
Overview: Bitzer SE provides solutions and products for air conditioning and refrigeration technologies. The company is headquartered in Sindelfingen, Germany, and has 19 production sites with 3,800 employees worldwide.
Product Portfolio: The company manufactures a wide range of products, including reciprocating compressors, screw compressors, scroll compressors, heat exchangers, pressure vessels, electronic components, ammonia compressor packs, condensing units and others.
Key development: In 2018, Bitzer SE had acquired Alfa Laval’s entire product portfolio for shell and tube heat exchangers.
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