The global shell and tube heat exchanger market is expected to reach a CAGR of 6.2% during the forecast period (2021-2028).
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 of flow and can be unique depending on the arrangement. These exchangers have a simple design, low maintenance cost and robust features. 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 caps at both ends of the shell. Tubular exchangers are generally of 3 types: fixed tube plate exchangers, U-tube exchangers and floating manifold exchangers. The heat exchanger type selection is made based on the following factors: shell side and tube side fluid selection, shell type selection, front and rear manifold types selection, and heat exchanger geometry selection.
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The growth of the global shell and tube heat exchanger market is driven by the expansion of the chemical industry and the continued support of global organizations.
Continued support from global organizations is expected to drive market growth
Global organizations such as the Tubular Exchanger Manufacturers Association (TEMA) have set various standards for the construction of shell and tube heat exchangers. The association regularly follows 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. Brask Inc, Dunn Heat Exchangers, Inc, Energy Exchanger Corp, Fabsco Shell and Tube, Graham Corporation, Heat Transfer Equipment Company, Perry Products and many more are among the major players in shell and tube heaters associated with the ‘organization.
Substitutes for shell and tube exchangers are likely to affect market growth
The shell and tube heat exchangers market is likely to be impacted by the presence of plate, microchannel and welded spiral heat exchangers. According to Hikasa Works Ltd., it offers more compactness, efficiency and ease of maintenance compared to shell and tube heat exchangers.
Heating / cooling of gaseous or liquid fluids
White water heat recovery unit
OFWF & ONWF Transformer Oil Coolers
Floating head heat exchangers
Fixed tube sheet
On your mind
Rods and spacers
Cu-Ni 90/10 and 70-30
By end users
Biotech and pharmaceutical
Food and drink
Maritime and transport
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Asia-Pacific region holds largest shell and tube heat exchanger market in the world
Asia-Pacific holds the world’s largest shell and tube heat exchanger market and is expected to continue to dominate with increasing demand for shell and tube heat exchangers with the expansion of the chemical and petrochemical sectors in the region. According to Kelvion Holding GmbH, Asia accounts for nearly 50% of global sales and by 2030 almost half of the ten largest chemical companies will be from Asia, with Asian companies occupying two-thirds of the market, thus incorporating the request for shells and tubes. heat exchangers in the area. In addition, significant growth in the food and beverage and power generation sectors in countries such as China, India and Japan is expected to drive demand for heat exchangers.
The shell and tube heat exchanger market is moderately competitive with the presence of the local player followed by the global companies contributing most of the market growth. Besides, some of the major players contributing to market growth 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. . 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 exchanger market.
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Tags: Mezzo Technologies, Enerquip LLC, Shell & Tube Heat Exchanger, United Heat Exchangers, Ametek Inc, Bitzer SE, Kelvion Holdings GmbH, Shell & Tube Heat Exchanger Market, Manson Manufacturing LLC, American Heating Company, Thermax Limited
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