Market Overview
The Global Shell and Tube Heat Exchanger Market is estimated to reach at a CAGR of 6.2% during the forecast period (2021-2028).
A shell & tube heat exchanger consists of tubes mounted inside a cylindrical shell to exchange heat of two fluids. The fluids have tendancy 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.
Download free sample: https://www.datamintelligence.com/download-sample/shell-and-tube-heat-exchanger-market
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 the 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.
Substitutes of shell & tube exchanger are likely to affect the market growth
The shell & tube heat exchanger market is likely to get impacted by the presence of plate heat exchangers, microchannel, and welded spiral heat exchangers. According to Hikasa Works Ltd., it provides more compactness, efficiency and ease of maintenance compared to shell & tube heat exchanger.
Market Segmentation
By Applications
Boilers
Heating/cooling of gaseous or liquid fluids
Refining
White water heat recovery unit
Steam condenser
OFWF & ONWF Transformer oil coolers
By Type
Floating head heat exchangers
Fixed tube sheet
U-Tube
By Components
Header
Tube plate
Shell
Tubes
Baffles
Bonnet
Saddles
Tie Rods and Spacers
By Material
Stainless Steel
Brass
Cu-Ni 90/10 and 70-30
Aluminium
Titanium
Copper
Monel
Inconel
Solvent-based
By End Users
Biotech and Pharmaceuticals
Food and Beverage
Marine and Transportation
Power generation plant
Petrochemicals
Mining
View full report: https://www.datamintelligence.com/research-report/shell-and-tube-heat-exchanger-market
Geographical Analysis
Asia Pacific region holds the largest market for the global shell & tube heat exchanger globally
Asia Pacific holds the largest market for shell & tube heat exchangers globally and is forecasted to continue its dominance with increasing demand for shell & tube heat exchangers with expanding chemical and petrochemical sectors in the region. According to the Kelvion Holding GmbH, Asia accounts for almost 50 percent of global sales and by 2030, almost half of the top ten chemical companies will be from Asia with Asian companies taking two-thirds of the market, hence incorporating demand for shell and tube heat exchangers in the region. Furthermore, significant growth in food & beverages and power generation sectors in the countries including China, India and Japan is projected to drive the demand for heat exchangers.
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.
Trending Topics
Sanitary Food & Beverage Packaging Market
Electrical Shielding Tape Market
Tags: Mezzo Technologies, Enerquip LLC, Shell and Tube Heat Exchanger, United Heat Exchangers, Ametek Inc, Bitzer SE, Kelvion Holdings GmbH, Shell and Tube Heat Exchanger Market, Manson Manufacturing LLC, American Heating Company, Thermax Limited
See Campaign: https://www.datamintelligence.com/research-report/shell-and-tube-heat-exchanger-marketContact Information:Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.comTags:PR-Wirein, Reportedtimes, Menafn, iCN Internal Distribution, Extended Distribution, Research Newswire, English
"exchanger" - Google News
November 19, 2021 at 10:03PM
https://ift.tt/3kVBLTQ
Shell and Tube Heat Exchanger Market, Size, Share, Evaluation, 2021-2028 - Big News Network
"exchanger" - Google News
https://ift.tt/2zbfo88
https://ift.tt/3djUFhc
Bagikan Berita Ini
0 Response to "Shell and Tube Heat Exchanger Market, Size, Share, Evaluation, 2021-2028 - Big News Network"
Post a Comment