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Shell And Tube Heat Exchanger Market
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Shell And Tube Heat Exchanger Market

Home Chemicals And Materials Shell And Tube Heat Exchanger Market

Shell and Tube Heat Exchanger Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Material (Stainless Steel, Nickel & Nickel Alloys, Titanium, Tantalum); By Application (Chemicals & Petrochemicals, HVAC & Refrigeration, Food & Beverages, Power Generation, Pulp & Paper); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: March 2023
  • Report ID: BWC23249
  • Available Format: PDF
  • Page: 400

Report Overview

Growing industrialization in emerging regions and increasing adoption of shell and tube heat exchanger are projected to propel the expansion of global shell & tube heat exchanger market during the forecast period between 2023 and 2029.

Global Shell & Tube Heat Exchanger Market - Industry Trends & Forecast Report, 2029

Global shell & tube heat exchanger market size was estimated at USD 9.21 billion in 2022. During the forecast period between 2023 and 2029, the size of global shell & tube heat exchanger market is projected to grow at a CAGR of 5.52% reaching a value of USD 13.28 billion by 2029. Major growth drivers for global shell & tube heat exchanger market include increasing need for advanced modern equipment with high efficiency and corrosion resistance in the petrochemical, pharmaceutical, and power generating industries. The use of shell and tube heat exchangers is experiencing significant growth in oil refineries and petrochemical plants due to their ease of maintenance, strong geometric construction, and potential for upgrades. Moreover, these heat exchangers are predicted to become popular in the future due to their increased ability to withstand high-temperature applications and to prevent fouling. The manufacturing of chemicals is the largest industry in the United States, catering to both domestic and international markets. Shell and tube heat exchangers are utilized in the industrial production of chemicals. The rapid expansion of the chemical industry in the country is expected to be a major driving force for the market growth.

Shell and Tube Heat Exchanger Market

Global Shell & Tube Heat Exchanger Market – Overview

The global shell and tube heat exchanger market refers to the worldwide market for a type of heat exchanger that consists of a shell (a large cylindrical vessel) with a bundle of tubes inside. These heat exchangers are commonly used in various industries, such as chemical, petrochemical, oil & gas, power generation, and food & beverages, for transferring heat between two fluids that are at different temperatures. The market includes the production and sale of shell and tube heat exchangers by manufacturers, as well as their distribution and use by end users. The size of the global shell and tube heat exchanger market is determined by factors, such as demand from various industries, technology advancements, and economic conditions.

Global Shell & Tube Heat Exchanger Market

Growth Drivers

Growing Industrialization in Emerging Regions

The growing industrialization in emerging regions is expected to have a positive impact on the expansion of the global shell and tube heat exchanger market. As these regions continue to experience economic growth and infrastructure development, the demand for energy-efficient and cost-effective heat transfer solutions is likely to increase. Shell and tube heat exchangers are widely used in industries, such as chemical, petrochemical, oil & gas, power generation, and food and beverages, all of which are expected to see significant growth in emerging regions. Additionally, advancements in technology and increased investment in research and development are also expected to drive the growth of the global shell and tube heat exchanger market in these regions. Overall, the combination of economic growth, infrastructure development, and technological advancements is likely to create a favorable environment for the expansion of the global shell and tube heat exchanger market in emerging regions.

Restraints

High Volatility in Raw Material Prices

The volatility in raw material prices is anticipated to act as a restraining factor for the global shell and tube heat exchanger market. The manufacturing of shell and tube heat exchangers requires various raw materials such as metals, alloys, and other materials. The prices of these raw materials are subject to fluctuations due to several factors, such as changes in supply and demand, geopolitical tensions, and environmental regulations. These fluctuations can result in unpredictable production costs and supply chain disruptions for manufacturers, which may ultimately impact the prices and availability of shell and tube heat exchangers in the market. Therefore, the volatility in raw material prices is likely to create uncertainty for both manufacturers and end users, which may restrain the growth of the global shell and tube heat exchanger market.

Impact of COVID-19 on Global Shell & Tube Heat Exchanger Market

COVID-19 pandemic had a mixed impact on the global shell and tube heat exchanger market. The pandemic led to the temporary shutdown of several industrial activities across the world, which negatively impacted the demand for shell and tube heat exchangers in industries such as oil and gas, petrochemicals, and food and beverage. This resulted in a decline in the production and sales of shell and tube heat exchangers in 2020. Furthermore, the pandemic has also led to disruptions in the global supply chain, causing delays in the production and delivery of shell and tube heat exchangers. The shortage of raw materials and the unavailability of skilled labor also affected the market negatively. Despite these challenges, the market is expected to recover gradually as industrial activities resume, and the demand for energy-efficient and cost-effective heat transfer solutions increases. The key players in the market are adopting various strategies such as product innovation, strategic partnerships, and investments in R&D to stay competitive in the market and meet the changing demand patterns. Also, the pandemic led to an increasing demand for heat exchangers in the healthcare sector, particularly for the production of ventilators and other medical equipment. The pandemic has also accelerated the shift towards renewable energy sources, which is expected to create new opportunities for the shell and tube heat exchanger market in the future.

Global Shell & Tube Heat Exchanger Market

Segmental Coverage

Global Shell & Tube Heat Exchanger Market – By Material

By material, global shell & tube heat exchanger market is divided into Stainless Steel, Nickel & Nickel Alloys, Titanium, and Tantalum segments. The stainless steel segment dominated the market in 2022. Steel's excellent properties, including resistance to corrosion in chemical environments and cooling waters, high-temperature resistance to scaling and oxidation, good strength in low- and high-temperature applications, and resistance to fouling due to corrosion, are expected to increase its use in heat exchangers. The nickel and nickel alloys segment are projected to hold the second highest share during the forecast period, driven by increasing demand from the chemical and petrochemical industries. Nickel alloy shell and tube heat exchangers are used in various applications such as steam generators in nuclear power plants, oil and gas extraction, high-temperature aircraft systems, and desalination equipment. Titanium is another material used widely in shell and tube heat exchangers for various applications in the chemical, petrochemical, power generation, and desalination industries. Titanium's characteristics, such as high resistance to stress corrosion in various liquids, including aqueous chlorides like seawater or brine, wet halogens and halides, and hot acidic and highly oxidizing solutions like nitric acid and ferric chloride, are expected to drive its demand in shell and tube heat exchangers.

Shell and Tube Heat Exchanger Market Size

Global Shell & Tube Heat Exchanger Market – By Application

Based on application, global shell & tube heat exchanger market is divided into Chemicals & Petrochemicals, HVAC & Refrigeration, Food & Beverages, Power Generation, and Pulp & Paper segments. The chemical & petrochemical segment dominated the global shell and tube heat exchanger market which is driven by the increasing adoption of these heat exchangers in various chemical processes due to their beneficial characteristics, such as easy maintenance and repair, flexible designs, and high-pressure operation capabilities. In the chemical industry, shell and tube heat exchangers are primarily made from materials that resist corrosion, such as zirconium, titanium, nickel alloys, duplex stainless steel, and austenitic stainless steel. Moreover, in the petrochemical industry, shell and tube heat exchangers are utilized in the heat recovery process during oil-water and gas separation. Additionally, these heat exchangers are used in various refining processes, including evaporators, condensers, and coolers for gas scrubbing. Due to their exceptional resistance to corrosion, shell and tube heat exchangers are expected to experience significant demand in the petrochemical industry.

Global Shell & Tube Heat Exchanger Market – By Region

Global shell & tube heat exchanger market covers five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific dominated the global shell and tube heat exchanger market, primarily due to growing investments in the chemical and petrochemical industries in the region. The market is further expected to be driven by the expanding end-use industries, including power generation, food & beverage, and HVAC & refrigeration, particularly in developing economies, such as India, Thailand, and Indonesia. North America stood third in terms of market share in 2022. The region's market growth is anticipated to be driven by the increased adoption of shell and tube heat exchangers in key application sectors, such as chemical, petrochemical, and power generation. Europe is expected to witness moderate growth over the forecast period. The increasing exploration and production activities in offshore areas are projected to drive the demand for shell and tube heat exchangers in the region. Additionally, upcoming oil and gas projects in Europe are likely to positively impact market growth in the coming years.

Competitive Landscape

Major players operating in global shell & tube heat exchanger market include SPX Technologies, API Heat Transfer, SHECO Industries, Inc., Alfa Laval, HRS Heat Exchangers, Koch Heat Transfer Company, Manning and Lewis div of Rubicon Industries Corp, Hughes Anderson Heat Exchangers Inc., Atlas Copco UK Holdings, Hindustan Dorr-Oliver Ltd, Modine Manufacturing Company, GEA Group Aktiengesellschaft, and Kelvion Holdings GmbH. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)

Product/ Service Segmentation

Material, Application, Region

Key Players

SPX Technologies, API Heat Transfer, SHECO Industries, Inc., Alfa Laval, HRS Heat Exchangers, Koch Heat Transfer Company, Manning and Lewis div of Rubicon Industries Corp, Hughes Anderson Heat Exchangers Inc., Atlas Copco UK Holdings, Hindustan Dorr-Oliver Ltd, Modine Manufacturing Company, GEA Group Aktiengesellschaft, Kelvion Holdings GmbH

 

By Material

  • Stainless Steel

  • Nickel & Nickel Alloys

  • Titanium

  • Tantalum

By Application

  • Chemicals & Petrochemicals

  • HVAC & Refrigeration

  • Food & Beverages

  • Power Generation

  • Pulp & Paper

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Shell & Tube Heat Exchanger Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing Industrialization in emerging regions
        2. Increase in adoption of shell and tube heat exchanger
      2. Restraints
        1. Volatility in raw material prices
        2. High Maintenance cost associated
      3.  Opportunities
        1. Growing Projects and Program for Shell & Tube Heat Exchanger
      4. Challenges
        1. Availability of highly-efficient and compact heat exchangers causes Penetration of Shell and Tube Heat Exchangers
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Shell & Tube Heat Exchanger Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
      2. Market Share and Forecast
      3. By Material
        1. Stainless Steel
        2. Nickel & Nickel Alloys
        3. Titanium
        4. Tantalum
        5. Others
      4. By Application
        1. Chemicals & Petrochemicals
        2. HVAC & Refrigeration
        3. Food & Beverages
        4. Power Generation
        5. Pulp and Paper
        6. Others
      5. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Shell & Tube Heat Exchanger Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Application
      3. By Country
        1. United States
          1. By Material
          2. By Application
        2. Canada
          1. By Material
          2. By Application
  6. Europe Shell & Tube Heat Exchanger Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Application
      3. By Country
        1. Germany
          1. By Material
          2. By Application
        2. United Kingdom
          1. By Material
          2. By Application
        3. Italy
          1. By Material
          2. By Application
        4. France
          1. By Material
          2. By Application
        5. Spain
          1. By Material
          2. By Application
        6. Belgium
          1. By Material
          2. By Application
        7. Russia
          1. By Material
          2. By Application
        8. The Netherlands
          1. By Material
          2. By Application
        9. Rest of Europe
          1. By Material
          2. By Application
  7. Asia-Pacific Shell & Tube Heat Exchanger Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Application
      3. By Country
        1. China
          1. By Material
          2. By Application
        2. India
          1. By Material
          2. By Application
        3. Japan
          1. By Material
          2. By Application
        4. South Korea
          1. By Material
          2. By Application
        5. Australia & New Zealand
          1. By Material
          2. By Application
        6. Indonesia
          1. By Material
          2. By Application
        7. Malaysia
          1. By Material
          2. By Application
        8. Singapore
          1. By Material
          2. By Application
        9. Vietnam
          1. By Material
          2. By Application
        10. Rest of APAC
          1. By Material
          2. By Application
  8. Latin America Shell & Tube Heat Exchanger Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Application
      3. By Country
        1. Brazil
          1. By Material
          2. By Application
        2. Mexico
          1. By Material
          2. By Application
        3. Argentina
          1. By Material
          2. By Application
        4. Peru
          1. By Material
          2. By Application
        5. Rest of LATAM
          1. By Material
          2. By Application
  9. Middle East & Africa Shell & Tube Heat Exchanger Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Application
      3. By Country
        1. Saudi Arabia
          1. By Material
          2. By Application
        2. UAE
          1. By Material
          2. By Application
        3. Qatar
          1. By Material
          2. By Application
        4. Kuwait
          1. By Material
          2. By Application
        5. South Africa
          1. By Material
          2. By Application
        6. Nigeria
          1. By Material
          2. By Application
        7. Algeria
          1. By Material
          2. By Application
          3. By Vertical
        8. Rest of MEA
          1. By Material
          2. By Application
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Micro-Electro-Mechanical System Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Covid-19 on Global Shell & Tube Heat Exchanger Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. SPX Technologies
    2. API Heat Transfer
    3. SHECO Industries, Inc.
    4. Alfa Laval
    5. HRS Heat Exchangers
    6. Koch Heat Transfer Company
    7. Manning and Lewis div of Rubicon Industries Corp
    8. Hughes Anderson Heat Exchangers Inc.
    9. Atlas Copco UK Holdings
    10. Hindustan Dorr-Oliver Ltd
    11. Modine Manufacturing Company
    12. GEA Group Aktiengesellschaft
    13. Kelvion Holdings GmbH
    14. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Global Shell & Tube Heat Exchanger Segmentation

Figure 2       Global Shell & Tube Heat Exchanger Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Global Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 5       Global Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 6       Global Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 7       Global Shell & Tube Heat Exchanger Market Share, By Region, By Value, 2019–2029

Figure 8       North America Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 9       North America Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 10     North America Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 11     North America Shell & Tube Heat Exchanger Market Share, By Country, By Value, 2019–2029

Figure 12     United States Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 13     United States Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 14     United States Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 15     Canada Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 16     Canada Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 17     Canada Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 18     Europe Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 19     Europe Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 20     Europe Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 21     Europe Shell & Tube Heat Exchanger Market Share, By Country, By Value, 2019–2029

Figure 22     Germany Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 23     Germany Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 24     Germany Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 25     United Kingdom Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 26     United Kingdom Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 27     United Kingdom Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 28     Italy Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 29     Italy Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 30     Italy Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 31     France Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 32     France Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 33     France Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 34     Spain Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 35     Spain Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 36     Spain Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 37     Belgium Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 38     Belgium Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 39     Belgium Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 40     Russia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 41     Russia Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 42     Russia Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 43     The Netherlands Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 44     The Netherlands Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 45     The Netherlands Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 46     Rest of Europe Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 47     Rest of Europe Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 48     Rest of Europe Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 49     Asia-Pacific Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 50     Asia-Pacific Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 51     Asia-Pacific Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 52     Asia-Pacific Shell & Tube Heat Exchanger Market Share, By Country, By Value, 2019–2029

Figure 53     China Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 54     China Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 55     China Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 56     India Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 57     India Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 58     India Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 59     Japan Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 60     Japan Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 61     Japan Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 62     South Korea Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 63     South Korea Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 64     South Korea Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 65     Australia & New Zealand Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 66     Australia & New Zealand Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 67     Australia & New Zealand Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 68     Indonesia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 69     Indonesia Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 70     Indonesia Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 71     Malaysia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 72     Malaysia Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 73     Malaysia Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 74     Singapore Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 75     Singapore Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 76     Singapore Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 77     Vietnam Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 78     Vietnam Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 79     Vietnam Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 80     Rest of APAC Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 81     Rest of APAC Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 82     Rest of APAC Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 83     Latin America Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 84     Latin America Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 85     Latin America Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 86     Latin America Shell & Tube Heat Exchanger Market Share, By Country, By Value, 2019–2029

Figure 87     Brazil Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 88     Brazil Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 89     Brazil Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 90     Mexico Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 91     Mexico Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 92     Mexico Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 93     Argentina Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 94     Argentina Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 95     Argentina Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 96     Peru Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 97     Peru Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 98     Peru Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 99     Rest of LATAM Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 100   Rest of LATAM Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 101   Rest of LATAM Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 102   Middle East & Africa Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 103   Middle East & Africa Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 104   Middle East & Africa Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 105   Middle East & Africa Shell & Tube Heat Exchanger Market Share, By Country, By Value, 2019–2029

Figure 106   Saudi Arabia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 107   Saudi Arabia Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 108   Saudi Arabia Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 109   UAE Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 110   UAE Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 111   UAE Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 112   Qatar Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 113   Qatar Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 114   Qatar Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 115   Kuwait Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 116   Kuwait Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 117   Kuwait Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 118   South Africa Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 119   South Africa Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 120   South Africa Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 121   Nigeria Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 122   Nigeria Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 123   Nigeria Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 124   Algeria Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 125   Algeria Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 126   Algeria Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

Figure 127   Rest of MEA Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Figure 128   Rest of MEA Shell & Tube Heat Exchanger Market Share, By Material, By Value, 2019–2029

Figure 129   Rest of MEA Shell & Tube Heat Exchanger Market Share, By Application, By Value, 2019–2029

List of Tables

 

Table 1        Global Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 2        Global Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 3        Global Shell & Tube Heat Exchanger Market Size, By Region, By Value, 2019–2029

Table 4        North America Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 5        North America Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 6        North America Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 7        North America Shell & Tube Heat Exchanger Market Size, By Country, By Value, 2019–2029

Table 8        United States Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 9        United States Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 10      United States Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 11      Canada Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 12      Canada Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 13      Canada Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 14      Europe Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 15      Europe Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 16      Europe Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 17      Europe Shell & Tube Heat Exchanger Market Size, By Country, By Value, 2019–2029

Table 18      Germany Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 19      Germany Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 20      Germany Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 21      United Kingdom Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 22      United Kingdom Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 23      United Kingdom Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 24      Italy Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 25      Italy Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 26      Italy Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 27      France Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 28      France Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 29      France Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 30      Spain Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 31      Spain Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 32      Spain Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 33      Belgium Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 34      Belgium Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 35      Belgium Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 36      Russia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 37      Russia Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 38      Russia Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 39      The Netherlands Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 40      The Netherlands Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 41      The Netherlands Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 42      Rest of Europe Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 43      Rest of Europe Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 44      Rest of Europe Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 45      Asia-Pacific Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 46      Asia-Pacific Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 47      Asia-Pacific Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 48      Asia-Pacific Shell & Tube Heat Exchanger Market Size, By Country, By Value, 2019–2029

Table 49      China Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 50      China Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 51      China Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 52      India Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 53      India Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 54      India Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 55      Japan Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 56      Japan Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 57      Japan Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 58      South Korea Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 59      South Korea Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 60      South Korea Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 61      Australia & New Zealand Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 62      Australia & New Zealand Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 63      Australia & New Zealand Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 64      Indonesia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 65      Indonesia Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 66      Indonesia Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 67      Malaysia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 68      Malaysia Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 69      Malaysia Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 70      Singapore Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 71      Singapore Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 72      Singapore Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 73      Vietnam Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 74      Vietnam Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 75      Vietnam Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 76      Rest of APAC Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 77      Rest of APAC Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 78      Rest of APAC Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 79      Latin America Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 80      Latin America Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 81      Latin America Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 82      Latin America Shell & Tube Heat Exchanger Market Size, By Country, By Value, 2019–2029

Table 83      Brazil Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 84      Brazil Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 85      Brazil Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 86      Mexico Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 87      Mexico Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 88      Mexico Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 89      Argentina Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 90      Argentina Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 91      Argentina Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 92      Peru Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 93      Peru Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 94      Peru Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 95      Rest of LATAM Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 96      Rest of LATAM Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 97      Rest of LATAM Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 98      Middle East & Africa Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 99      Middle East & Africa Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 100    Middle East & Africa Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 101    Middle East & Africa Shell & Tube Heat Exchanger Market Size, By Country, By Value, 2019–2029

Table 102    Saudi Arabia Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 103    Saudi Arabia Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 104    Saudi Arabia Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 105    UAE Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 106    UAE Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 107    UAE Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 108    Qatar Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 109    Qatar Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 110    Qatar Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 111    Kuwait Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 112    Kuwait Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 113    Kuwait Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 114    South Africa Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 115    South Africa Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 116    South Africa Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 117    Nigeria Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 118    Nigeria Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 119    Nigeria Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 120    Algeria Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 121    Algeria Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 122    Algeria Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 123    Rest of MEA Shell & Tube Heat Exchanger Market Size, By Value (USD Million), 2019–2029

Table 124    Rest of MEA Shell & Tube Heat Exchanger Market Size, By Material, By Value, 2019–2029

Table 125    Rest of MEA Shell & Tube Heat Exchanger Market Size, By Application, By Value, 2019–2029

Table 126    SPX Technologies Company Overview

Table 127    SPX Technologies Financial Overview

Table 128    API Heat Transfer Company Overview

Table 129    API Heat Transfer Financial Overview

Table 130    SHECO Industries, Inc. Company Overview

Table 131    SHECO Industries, Inc. Financial Overview

Table 132    Alfa Laval Company Overview

Table 133    Alfa Laval Financial Overview

Table 134    HRS Heat Exchangers Company Overview

Table 135    HRS Heat Exchangers Financial Overview

Table 136    Koch Heat Transfer Company Overview

Table 137    Koch Heat Transfer Company Financial Overview

Table 138    Manning and Lewis div of Rubicon Industries Corp Company Overview

Table 139    Manning and Lewis div of Rubicon Industries Corp Financial Overview

Table 140    Hughes Anderson Heat Exchangers Inc. Company Overview

Table 141    Hughes Anderson Heat Exchangers Inc. Financial Overview

Table 142    Atlas Copco UK Holdings Company Overview

Table 143    Atlas Copco UK Holdings Financial Overview

Table 144    Hindustan Dorr-Oliver Ltd Company Overview

Table 145    Hindustan Dorr-Oliver Ltd Financial Overview

Table 146    Modine Manufacturing Company Overview

Table 147    Modine Manufacturing Company Financial Overview

Table 148    GEA Group Aktiengesellschaft Company Overview

Table 149    GEA Group Aktiengesellschaft Financial Overview

Table 150    Kelvion Holdings GmbH Company Overview

Table 151    Kelvion Holdings GmbH Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: Global Shell & Tube Heat Exchanger Market size was estimated at USD 9.21 billion in 2022.
Ans: Major factors driving the growth of Global Shell & Tube Heat Exchanger Market include growing industrialization in emerging regions and increase in adoption of shell and tube heat exchanger.
Ans: The stainless steel segment is expected to hold the highest market share in the Global Shell & Tube Heat Exchanger Market by material.
Ans: The chemicals & petrochemicals segment is expected to hold the highest market share in the Global Shell & Tube Heat Exchanger Market by application.
Ans: Key players in Global Shell & Tube Heat Exchanger Market include SPX Technologies, API Heat Transfer, SHECO Industries, Inc., Alfa Laval, HRS Heat Exchangers, Koch Heat Transfer Company, Manning and Lewis div of Rubicon Industries Corp, Hughes Anderson Heat Exchangers Inc., Atlas Copco UK Holdings, Hindustan Dorr-Oliver Ltd, Modine Manufacturing Company, GEA Group Aktiengesellschaft, and Kelvion Holdings GmbH. 
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