Shell And Tube Heat Exchangers Market Size, Share & Trends Analysis Report By End Use (Chemical, Food & Beverages, HVAC & Refrigeration, Petrochemicals), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 139 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)

The global shell & tube heat exchangers market size is anticipated to reach USD 8.1 billion by 2025, exhibiting a CAGR of 6.1% over the forecast period, according to a new report published by Grand View Research, Inc. The market is anticipated to be driven by the ascending demand for shell and tube heat exchangers in chemical, power generation, and petrochemical industries, specifically in the emerging economies in Asia Pacific and CSA.

Shell and tube heat exchangers play a significant role in enhancing the heat transfer efficiency of industrial machinery. Rising demand for efficient thermal management systems is expected to boost the consumption of these exchangers over the forecast period. Growing industrial sectors including food & beverages, chemical, pulp & paper, power generation, metal & mining, textiles, and petrochemicals are expected to result in an increase in the requirement for highly efficient and compact heat exchangers. This, in turn, is projected to drive the market for shell and tube heat exchangers over the forecast period.

Based on end use, chemical is expected to emerge as the largest segment in the global shell and tube exchangers market over the forecast period. The segment is expected to be valued at USD 1.8 billion by 2025. Petrochemicals end-use segment is expected to progress at the fastest CAGR of 7.2% from 2019 to 2025. Furthermore, growing environmental concerns regarding waste discharge from the mills are expected to propel the demand for shell and tube heat exchangers in pulp & paper industry.

Increasing consumer spending coupled with ascending demand for thermal management in residential and commercial establishments is expected to drive HVAC segment over the forecast period. Moreover, growing awareness regarding energy conservation and reduction in energy bills is anticipated to propel the product demand in this segment.

Europe regional market accounted for a share of 28.4% in the total market in 2018 and is expected to move ahead at a CAGR of 3.8% from 2019 to 2025. Recent developments in renewable and nuclear energy sectors are expected to drive power generation segment in Europe. Asia Pacific emerged as the largest regional market in 2018 and is anticipated to witness significant growth over the forecast period. The region is projected to ascend at a CAGR of 8.1% over the forecast period.

Further key findings from the report suggest:

• Asia Pacific is expected to emerge as the largest and fastest-growing regional shell & tube heat exchangers market over the forecast period

• Rising construction projects of industrial and commercial establishments coupled with favorable government initiatives in India, China, and Japan to develop thermal & solar energy are expected to drive the demand for shell and tube heat exchangers in the APAC region

• North America market for shell and tube heat exchangers is anticipated to reach USD 1.5 billion by 2025

• CSA and MEA are expected to exhibit a growth rate of 7.8% and 5.9%, respectively, over the forecast period. Rising requirement for heat recovery application in petrochemical and food & beverages sectors is projected to propel the product demand over the forecast period.

 Table of Contents

Chapter 1 Methodology And Scope
                    1.1 Market Segmentation & Scope
                    1.2 Market Definition
                    1.3 Information Procurement
                        1.3.1 Purchased Database
                        1.3.2 Gvr's Internal Database
                        1.3.3 Secondary Sources
                        1.3.4 Third Party Perspective
                        1.3.5 Primary Sources
                    1.4 Information Analysis
                        1.4.1 Data Analysis Model
                    1.5 Market Formulation & Data Visualization
                    1.6 List To Data Sources
                    1.7 List Of Abbreviations
Chapter 2 Executive Summary
                    2.1 Market Outlook
                    2.2 Segmental Outlook
                    2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
                    3.1 Market Lineage Outlook
                        3.1.1 Global Heat Exchanger Market Outlook
                    3.2 Penetration And Growth Prospect Mapping
                    3.3 Industry Value Chain Analysis
                        3.3.1 Manufacturing Trends
                        3.3.2 Raw Material Trends
                            3.3.2.1 Steel
                            3.3.2.2 Graphite
                            3.3.2.3 Copper
                            3.3.2.4 Nitrile Rubber Gasket
                        3.3.3 List Of Key End Users, By Country
                    3.4 Technology Overview
                    3.5 Regulatory Framework
                        3.5.1 Product Classification Codes
                        3.5.2 Standard & Compliances
                    3.6 Market Dynamics
                        3.6.1 Market Drivers
                            3.6.1.1 Growing Chemical Industry
                            3.6.1.2 Growth In Power Generation Industry
                        3.6.2 Market Restraints
                            3.6.2.1 Regulations On Curbing Use Of Fluorinated Greenhouse Gas In Shell And Tube Heat Exchanger
                    3.7 Business Environment Analysis: Shell And Tube Heat Exchanger Market
                        3.7.1 Industry Analysis - Porter's
                            3.7.1.1 Bargaining Power Of Supplier
                            3.7.1.2 Bargaining Power Of Buyer
                            3.7.1.3 Substitution Threat
                            3.7.1.4 Threat From New Entrant
                            3.7.1.5 Competitive Rivalry
                        3.7.2 Pestel Analysis
                            3.7.2.1 Political Landscape
                            3.7.2.2 Environmental Landscape
                            3.7.2.3 Social Landscape
                            3.7.2.4 Technology Landscape
                            3.7.2.5 Economic Landscape
                            3.7.2.6 Legal Landscape
Chapter 4 Shell And Tube Heat Exchangers Market: End Use Estimates & Trend Analysis
                    4.1 Definition & Scope
                        4.1.1 End Use Movement Analysis & Market Share 2018 & 2025
                    4.2 Market, By End Use, 2014 - 2025 (USD Million)
                        4.2.1 Market Estimates & Forecast, 2014 - 2025
                    4.3 Chemical
                        4.3.1 Market Estimates & Forecast, In Chemical, 2014 - 2025
                        4.3.2 Market Estimates & Forecast, In Chemical, By Region, 2014 - 2025
                    4.4 Food & Beverages
                        4.4.1 Market Estimates & Forecast, In Food & Beverages, 2014 - 2025
                        4.4.2 Market Estimates & Forecast, In Food & Beverages, By Region, 2014 - 2025
                    4.5 HVAC & Refrigeration
                        4.5.1 Market Estimates & Forecast, In Hvac & Refrigeration, 2014 - 2025
                        4.5.2 Market Estimates & Forecast, In Hvac & Refrigeration, By Region, 2014 - 2025
                    4.6 Petrochemicals
                        4.6.1 Market Estimates & Forecast, In Petrochemicals, 2014 - 2025
                        4.6.2 Market Estimates & Forecast, In Petrochemicals, By Region, 2014 - 2025
                    4.7 Power Generation
                        4.7.1 Market Estimates & Forecast, In Power Generation, 2014 - 2025
                        4.7.2 Market Estimates & Forecast, In Power Generation, By Region, 2014 - 2025
                    4.8 Pulp & Paper
                        4.8.1 Market Estimates & Forecast, In Pulp & Paper, 2014 - 2025
                        4.8.2 Market Estimates & Forecast, In Pulp & Paper, By Region, 2014 - 2025
                    4.9 Others
                        4.9.1 Market Estimates & Forecast, In Others, 2014 - 2025
                        4.9.2 Market Estimates & Forecast, In Others, By Region, 2014 - 2025
Chapter 5 Shell And Tube Heat Exchangers Market: Regional Estimates & Trend Analysis
                    5.1 Definition & Scope
                    5.2 Regional Movement Analysis & Market Share 2018 & 2025
                    5.3 Market, By Region, 2014 - 2025 (USD Million)
                        5.3.1 Market Estimates & Forecast, By Region, By End Use, 2014 - 2025
                    5.4 Market Size, & Forecasts And Trend Analysis, 2014 To 2025
                    5.5 North America
                        5.5.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                        5.5.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.5.3 U.S.
                            5.5.3.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.5.3.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.5.4 Canada
                            5.5.4.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.5.4.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.5.5 Mexico
                            5.5.5.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.5.5.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                    5.6 Europe
                        5.6.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                        5.6.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.6.3 Germany
                            5.6.3.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.6.3.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.6.4 France
                            5.6.4.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.6.4.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.6.5 Italy
                            5.6.5.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.6.5.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                    5.7 Asia Pacific
                        5.7.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                        5.7.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.7.3 China
                            5.7.3.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.7.3.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.7.4 Japan
                            5.7.4.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.7.4.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.7.5 India
                            5.7.5.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.7.5.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                    5.8 Central & South America
                        5.8.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                        5.8.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.8.3 Brazil
                            5.8.3.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.8.3.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                    5.9 Middle East & Africa
                        5.9.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                        5.9.2 Market Estimates & Forecast, By End Use, 2014 - 2025
                        5.9.3 UAE
                            5.9.3.1 Market Estimates And Forecasts, 2014 - 2025 (USD Million)
                            5.9.3.2 Market Estimates & Forecast, By End Use, 2014 - 2025
Chapter 6 Competitive Analysis
                    6.1 Key Players & Recent Developments & Their Impact On The Industry
                    6.2 Key Company/Competition Categorization
                    6.3 Vendor Landscape
                        6.3.1. List Of Key Distributors And Channel Partners
                    6.4. Public Companies
                        6.4.1Company Market Position Analysis
                        6.4.2. Competitive Dashboard Analysis
                    6.5. Private Companies
                        6.5.1. List Of Key Emerging Companies
                        6.5.2. Geographical Presence
Chapter 7 Company Profiles
                    7.1 Alfa Laval AB
                        7.1.1 Company Overview
                        7.1.2 Financial Performance
                        7.1.3 Product Benchmarking
                        7.1.4 Recent Developments
                    7.2 HRS Heat Exchangers
                        7.2.1 Company Overview
                        7.2.2 Financial Performance
                        7.2.3 Product Benchmarking
                        7.2.4 Recent Developments
                    7.3 Kelvion Holding Gmbh
                        7.3.1 Company Overview
                        7.3.2 Financial Performance
                        7.3.3 Product Benchmarking
                        7.3.4 Recent Developments
                    7.4 API Heat Transfer, Inc.
                        7.4.1 Company Overview
                        7.4.2 Financial Performance
                        7.4.3 Product Benchmarking
                        7.4.4 Recent Developments
                    7.5 Brask Inc.
                        7.5.1 Company Overview
                        7.5.2 Financial Performance
                        7.5.3 Product Benchmarking
                    7.6 Koch Heat Transfer Company
                        7.6.1 Company Overview
                        7.6.2 Financial Performance
                        7.6.3 Product Benchmarking
                    7.7 Xylem Inc.
                        7.7.1 Company Overview
                        7.7.2 Financial Performance
                        7.7.3 Product Benchmarking
                    7.8 SPX Corporation
                        7.8.1 Company Overview
                        7.8.2 Financial Performance
                        7.8.3 Product Benchmarking
                        7.8.4 Strategic Initiatives
                    7.9 Southern Heat Exchanger Corporation
                        7.9.1 Company Overview
                        7.9.2 Financial Performance
                        7.9.3 Product Benchmarking
                        7.9.4 Strategic Initiatives
                    7.10 Manning And Lewis
                        7.10.1 Company Overview
                        7.10.2 Financial Performance
                        7.10.3 Product Benchmarking
                        7.10.4 Strategic Initiatives

List of Tables

Table 1 List of Abbreviations
Table 2 List of major exporting countries for various steel products, 2017 (MT)
Table 3 List of major importing countries for various steel products, 2017 (MT)
Table 4 List of Key End Users
Table 5 Key international regulations
Table 6 Product Classification Codes
Table 7 Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 8 Shell and Tube heat exchangers market estimates & forecast, in chemical, 2014 - 2025 (USD Million)
Table 9 Shell and Tube heat exchangers market estimates & forecast, in chemical, by region, 2014 - 2025 (USD Million)
Table 10 Shell and Tube heat exchangers market estimates & forecast, in Food & Beverages, 2014 - 2025 (USD Million)
Table 11 Shell and Tube heat exchangers market estimates & forecast, in food & beverages, by region, 2014 - 2025 (USD Million)
Table 12 Shell and Tube heat exchangers market estimates & forecast, in HVAC & refrigeration, 2014 - 2025 (USD Million)
Table 13 Shell and Tube heat exchangers market estimates & forecast, in HVAC & refrigeration, by region, 2014 - 2025 (USD Million)
Table 14 Shell and Tube heat exchangers market estimates & forecast, in petrochemicals, 2014 - 2025 (USD Million)
Table 15 Shell and Tube heat exchangers market estimates & forecast, in petrochemicals, by region, 2014 - 2025 (USD Million)
Table 16 Shell and Tube heat exchangers market estimates & forecast, in power generation, 2014 - 2025 (USD Million)
Table 17 Shell and Tube heat exchangers market estimates & forecast, in power generation, by region, 2014 - 2025 (USD Million)
Table 18 Shell and Tube heat exchangers market estimates & forecast, in pulp & paper, 2014 - 2025 (USD Million)
Table 19 Shell and Tube heat exchangers market estimates & forecast, in pulp & paper, by region, 2014 - 2025 (USD Million)
Table 20 Shell and Tube heat exchangers market estimates & forecast, in others, 2014 - 2025 (USD Million)
Table 21 Shell and Tube heat exchangers market estimates & forecast, in others, by region, 2014 - 2025 (USD Million)
Table 22 Global Shell and Tube heat exchangers market by region, 2014 - 2025 (USD Million)
Table 23 North America shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 24 North America Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 25 U.S. shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 26 U.S. Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 27 Canada shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 28 Canada Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 29 Mexico shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 30 Mexico Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 31 Europe shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 32 Europe Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 32 Germany shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 34 Germany Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 35 France shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 36 France Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 37 Italy shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 38 Italy Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 39 Asia Pacific shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 40 Asia Pacific Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 41 China shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 42 China Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 43 Japan shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 44 Japan Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 45 India shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 46 India Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 47 Central & South America shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 48 Central & South America Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 49 Brazil shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 50 Brazil Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 51 Middle East & Africa shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 52 Middle East & Africa Shell and Tube heat exchangers market by end use, 2018 - 2025 (USD Million)
Table 53 UAE shell and tube heat exchangers market estimates and forecasts, 2018 - 2025 (USD Million)
Table 54 UAE Shell and Tube heat exchangers market by end use, 2014 - 2025 (USD Million)
Table 55 List of Key Company/Competition Categorization
Table 56 Vendor Landscape
Table 57 List of end-users by country
Table 58 Comparative analysis of key Shell and Tube heat exchangers manufacturers
Table 59 List of key emerging companies

List of Figures

Fig. 1 Shell and Tube Heat Exchangers Market Segmentation
Fig. 2 Shell and Tube Heat Exchangers Market - Information Procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market Outlook
Fig. 7 Segmental Outlook
Fig. 8 Competitive Insights
Fig. 9 Global Heat Exchanger Market Outlook
Fig. 10 Penetration and growth prospect mapping (USD Million), 2014 - 2025
Fig. 11 Shell and Tube Heat Exchanger Market: Value Chain Analysis
Fig. 12 Graphite Global Demand
Fig. 13 Shell and Tube heat exchanger market dynamics
Fig. 14 Shell and Tube Heat Exchanger market driver impact
Fig. 15 Cumulative Power Plant Capacity Addition (2014-2040)
Fig. 16 Shell and Tube heat exchanger market restraints impact
Fig. 17 Porter's Five Forces Model- Shell and Tube Heat Exchanger Market
Fig. 18 PESTEL Analysis- Shell and Tube Heat Exchanger Market
Fig. 19 Shell and Tube Heat Exchangers Market: End Use Market (USD Million) 2018 & 2025
Fig. 20 Shell and Tube Heat Exchangers Market: Regional Market (USD Million) 2018 & 2025
Fig. 21 Shell and Tube Heat Exchangers Market Regional Overview
Fig. 22 Strategy Framework