1. Market Research
  2. > Energy & Environment
  3. > Energy Technology Market Trends

Shell & Tube Heat Exchanger Market by Application and Region - Global Forecast to 2020

  • February 2016
  • 111 pages
  • MarketsandMarkets
Report ID: 3606769

Summary

Table of Contents

Search Inside

“Increasing investment in chemicals, petrochemicals and oil & gas, and HVAC industries is a prime factor for the growth of shell & tube heat exchangers market”
The global shell & tube heat exchangers market size (2015–2020) is estimated to reach USD 7.05 billion by 2020 at a CAGR of 4.98%. Growth in chemicals industry is one of the major factors for the growth of shell & tube heat exchangers market. Shell & tube heat exchangers have the following properties: high efficiency and heat transfer capacity, low pressure drops, ease of repair, abrasive wear protection that diminishes the erosion, price advantage, and excellent drainage properties. These unique properties makes it a valuable heat exchanger for various applications and drives the growth of shell & tube heat exchangers market.

“Chemicals is the largest application of shell & tube heat exchangers”
Shell & tube heat exchangers are used in various applications such as chemicals, petrochemicals and oil & gas, HVAC & refrigeration, food & beverages, power generation, pulp & paper and others. In 2015, the chemicals segment accounted for the largest market share among all the applications, in terms of value, followed by petrochemicals and oil & gas, HVAC & refrigeration, and power generation. Among all the applications, chemicals is estimated to register the highest CAGR between 2015 and 2020.

“Rising demand from Europe is the major driver for shell & tube heat exchangers market“

In 2015, Europe is estimated to account for the largest market share, in terms of value, and is estimated to remain the market leader in next 5 years. High purity standards and stringent environmental regulations and surging energy demand in this region drive the shell & tube heat exchangers market on a very large scale. Germany led the demand for shell & tube heat exchangers due to increased demand for chemicals in the last 2–3 years. Other emerging economies, such as India and Brazil are the markets which are projected to grow rapidly.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below.
- By Company Type - Tier 1 - 37 %, Tier 2 – 50 % and Others - 13 %
- By Designation - C level - 50%, Director level - 31%, Others - 19%
- By Region - North America - 38%, Europe - 36%, Asia-Pacific - 25%, RoW – 6%


The key companies profiled in this market research report are Alfa Laval AB (Sweden), HRS Heat Exchangers (U.K.), Standard Xchange (U.S.), SPX Corporation (U.S.), Kelvion Holdings GmbH (Germany), Southern Heat Exchanger Corporation (U.S.), Manning and Lewis (U.S.), Koch Heat Transfer Company (U.S.), Hughes Anderson Heat Exchangers Inc. (U.S.), and API Heat Transfer Inc. (U.S.)

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the shell & tube heat exchangers market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across the different verticals and regions.

2. The report helps stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Heat Exchangers Market by Type, Application, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“Increasing investments in chemical and HVACR industries drive the heat exchangers market” The market size of heat exchangers is estimated to reach USD 20.65 billion by 2022, at a CAGR of 8.3% from ...

Heat Exchangers - Global Market Outlook (2017-2023)

  • $ 4157
  • Industry report
  • June 2017
  • by Stratistics MRC

According to Stratistics MRC, the Global Heat Exchangers Market accounted for $13.21 billion in 2016 and is expected to reach $24.95 billion by 2023 growing at a CAGR of 9.5% during the forecast period. ...

Global Automotive Heat Exchanger Market 2017-2021

  • $ 3500
  • Industry report
  • May 2017
  • by Infiniti Research Limited

About Automotive Heat Exchanger A heat exchanger is a device that allows heat transfer. Currently, OEMs are focusing on ensuring the maximum transfer of heat while keeping the size minimum. Technavio’s ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.