Market Overview
A shell & tube heat exchanger consists of tubes mounted inside a cylindrical shell to exchange heat of two fluids. The fluids tend to flow in a parallel or cross-flow direction and can be single based on the arrangement. These exchangers have a simple design, low maintenance cost and robust characteristics. Shell & tube heat exchangers are very popular and commonly found in industrial use. This is mainly due to their versatility.
A shell and tube exchanger consists of a shell, tube bundle and two heads or caps at both ends of the shell. The shell & tube exchangers are generally of 3 types: Fixed tube sheet exchangers, U-tube exchangers and Floating header exchangers. The selection for the type of heat exchanger is made based on the following factors: selection of fluids to the shell-side and tube side, selection of shell type, selection of front end and rear end header types and selection of exchanger geometry.
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Market Dynamics
The global shell & tube heat exchanger market growth is driven by expanding chemical industry and continuous support from global organizations.
The continuous support from global organizations is expected to drive market growth
Global organizations like Tubular Exchanger Manufacturers Association (TEMA) have set various standards for the construction of shell & tube heat exchangers. The association meets industry standards regularly to update and revise the standards, respond to inquiries, and discuss topics related to the industry. TEMA has been accepted globally as the regulatory authority for the shell and tube heat exchangers market. For this reason, 70% of the industries are interested in doing business with companies associated with TEMA. Some of the leading players of shell and tube heaters 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.
Market Segmentation:
By Applications
By Type
By Components
By Material
By End Users
Competitive Landscape
The shell & tube heat exchanger market is moderately competitive with the local player’s presence followed by the global companies who contribute to the major share in the market growth. In addition, some of the key 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 launching new products, acquisitions and collaborations, which are contributing to the growth of the shell & tube heat exchanger market globally.
Key players Covered in The Global Market
some of the key 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 has the below insights.
The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029). Visualize the composition of Global Shell and Tube Heat Exchanger Market segmentation By Technology, service, By Application, and country, highlighting the key commercial assets and players.
By Product
By Application
Identify commercial opportunities in the Market by analyzing trends and co-development deals.
The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis. Excel data sheet with thousands of Market-level 4/5 segmentation data points. PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study. Product mapping in excel for the key product of all major market players. The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
Additional Benefits Post Purchase:
Unlimited Analyst support for a period of 1 year. Any query regarding the scope offered will be addressed 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 and refrigeration conditioning technologies. The company is headquartered in Sindelfingen, Germany and has 19 production locations 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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