HOME Top Market Reports Shell & Tube Heat Exchanger Market by Application (Chemicals, Petrochemicals and Oil & Gas, HVACR, Food & Beverages, Pulp & Paper, Power Generation) and Region - Global Forecast to 2020

Shell & Tube Heat Exchanger Market by Application (Chemicals, Petrochemicals and Oil & Gas, HVACR, Food & Beverages, Pulp & Paper, Power Generation) and Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: CH 4047

 

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The shell & tube heat exchangers market (2015–2020) is estimated to reach USD 7.05 Billion, by 2020, at a CAGR of 4.98%. The report includes an analysis of the shell & tube heat exchangers market, by application, such as chemicals, petrochemicals and oil & gas, HVAC & refrigeration, food & beverages, power generation, pulp & paper, among others; and by region, namely, North America, Europe, Asia-Pacific, and RoW. The base year considered for the study is 2014, while the forecast period is between 2015 and 2020. The shell & tube heat exchangers market is driven by the increasing energy demand and stringent environmental regulations.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets in the overall shell & tube heat exchangers market. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Tubular Exchanger Manufacturers Association, Inc. (TEMA), American Society of Mechanical Engineers (ASME), Heat Exchange Institute (HEI), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), among other government and private websites, to identify and collect information useful for the technical, market-oriented, and commercial study of the shell & tube heat exchangers market.

Shell & Tube Heat Exchangers Market

Key Target Audience:

  • Manufacturers of shell & tube heat exchangers
  • Traders, distributors, and suppliers of shell & tube heat exchangers
  • Regional manufacturers’ associations and general shell & tube heat exchangers’ associations
  • Government and regional agencies and research organizations
  • Investment research firms

Scope of the Report:

This research report categorizes the shell & tube heat exchangers market on the basis of application and region

On the basis of Application:

  • Chemicals
  • Petrochemicals and oil & gas
  • HVAC & refrigeration
  • Food & beverages
  • Power generation
  • Pulp & paper
  • Others

On the basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the shell & tube heat exchangers market, by application

Company Information:

  • Detailed analysis and profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Currency
    1.4 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
           2.3.1 Assumptions
           2.3.2 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities 
    4.2 Shell & Tube Heat Exchangers Market
    4.3 Market in Asia-Pacific, 2014
    4.4 Leading Countries in Shell & Tube Heat Exchanger Market, 2014
    4.5 Market Size, By Leading Countries, 2015-2020 (USD Million)
    4.6 Market,  By Application (2014)
    4.7 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Surging Energy Prices
                    5.2.1.2 Increased Investments in Chemicals, Petrochemicals and Oil & Gas, and Hvac Industries
                    5.2.1.3 Wide Operating Pressure and Temperature Range
                    5.2.1.4 Stringent Environmental Regulations Driving the Demand of Shell & Tube Heat Exchangers
           5.2.2 Restraints
                    5.2.2.1 Increasing Cost of Production
           5.2.3 Opportunities
                    5.2.3.1 Expanding Heat Exchangers Manufacturing Business in Developing Economies
                    5.2.3.2 Large Aftermarket for Shell & Tube Heat Exchangers
           5.2.4 Challenges
                    5.2.4.1 Rapidly Growing Market of Compact Heat Exchangers
    5.3 Burning Issues
           5.3.1 Fouling in Heat Exchangers

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Degree of Competition
    6.4 Raw Materials Used in Manufacturing Shell & Tube Heat Exchangers
    6.5 Regulatory Framework
           6.5.1 Standards
           6.5.2 Codes

7 Shell & Tube Heat Exchangers Market, By Application (Page No. - 47)
    7.1 Introduction
    7.2 Chemicals
    7.3 Petrochemicals and Oil & Gas
    7.4 Hvac & Refrigeration
    7.5 Food & Beverages
    7.6 Pulp & Paper
    7.7 Power Generation

8 Market, By Region (Page No. - 58)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 India
    8.3 North America
           8.3.1 U.S.
           8.3.2 Canada
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 U.K.
           8.4.4 Italy
           8.4.5 Sweden
    8.5 RoW
           8.5.1 Middle East
                    8.5.1.1 Saudi Arabia
           8.5.2 Latin America
                    8.5.2.1 Brazil

9 Competitive Landscape (Page No. - 80)
    9.1 Overview
    9.2 Competitive Situations and Trends
    9.3 Key Growth Strategies Adopted By Companies in Shell & Tube Heat Exchangers Market, 2011–2015
    9.4 Agreements, Contracts, and Expansions
    9.5 New Product Launches
    9.6 Mergers & Acquisitions

10 Company Profile (Page No. - 86)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     10.1 Introduction
     10.2 Alfa Laval AB
     10.3 Hrs Heat Exchangers Ltd.
     10.4 Kelvion Holdings GmbH
     10.5 SPX Corp.
     10.6 Standard Xchange
     10.7 API Heat Transfer Inc.
     10.8 Brask Inc.
     10.9 Hughes Anderson Heat Exchangers Inc.
     10.10 Koch Heat Transfer Co.
     10.11 Southern Heat Exchanger Corp. (SHECO)
     10.12 Manning and Lewis

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 105)
     11.1 Insights From Industry Experts Consultant
     11.2 Developments
     11.3 Discussion Guide
     11.4 Introducing RT: Real Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports


List of Tables (36 Tables)

Table 1 Shell & Tube Heat Exchanger Market Size, By Region,  2013–2020 (USD Million)
Table 2 Market Size, By Application,  2013–2020 (USD Million)
Table 3 Heat Exchanger: International Design Codes Used for Mechanical Design
Table 4 Market Size, By Application,  2013-2020 (USD Million)
Table 5 Market Size in Chemicals Application,  By Region, 2013–2020 (USD Million)
Table 6 Market Size in Petrochemicals and Oil & Gas Application, By Region, 2013–2020 ( USD Million)
Table 7 Market Size in Hvac & Refrigeration Application, By Region, 2013–2020 (USD Million)
Table 8 Market Size in Food & Beverages Application, By Region, 2013–2020 (USD Million)
Table 9 Market Size in Pulp & Paper Application,  By Region, 2013–2020 (USD Million)
Table 10 Market Size in Power Generation Application, By Region, 2013–2020 (USD Million)
Table 11 Shell & Tube Heat Exchanger Market Size, By Region,  2013–2020 (USD Million)
Table 12 Asia-Pacific: Market Size, By Country,  2013-2020 (USD Million)
Table 13 Asia-Pacific: Market Size, By Application,  2013-2020 (USD Million)
Table 14 China: Market Size, By Application,  2013-2020 (USD Million)
Table 15 Japan: Market Size, By Application, 2013–2020 (USD Million)
Table 16 India: Market Size, By Application,  2013–2020 (USD Million)
Table 17 North America: Market Size, By Country,  2013–2020 (USD Million)
Table 18 North America: Shell & Tube Heat Exchangers Market Size, By Application, 2013–2020 (USD Million)
Table 19 U.S.: Market Size, By Application,  2013–2020 (USD Million)
Table 20 Canada: Market Size, By Application,  2013-2020 (USD Million)
Table 21 Europe: Market Size, By Country,  2013–2020 (USD Million)
Table 22 Europe: Market Size, By Application,  2013-2020 (USD Million)
Table 23 Germany: Market Size, By Application,  2013-2020 (USD Million)
Table 24 France: Market Size, By Application,  2013-2020 (USD Million)
Table 25 U.K.: Market Size, By Application, 2013-2020 (USD Million)
Table 26 Italy: Market Size, By Application, 2013-2020 (USD Million)
Table 27 Sweden: Market Size, By Application, 2013-2020 (USD Million)
Table 28 RoW: Market Size, By Country, 2013-2020 (USD Million)
Table 29 RoW: Shell & Tube Heat Exchanger Market Size, By Application, 2013-2020 (USD Million)
Table 30 Middle East: Market Size, By Country,  2013-2020 (USD Million)
Table 31 Saudi Arabia: Market Size, By Application,  2013-2020 (USD Million)
Table 32 Latin America: Market Size, By Country,  2013-2020 (USD Million)
Table 33 Brazil: Market Size, By Application, 2013-2020 (USD Million)
Table 34 Agreements, Contracts, and Expansions 2011–2015
Table 35 New Product Launches and Mergers, 2011–2015
Table 36 Mergers & Acquisitions, 2011–2015


List of Figures (46 Figures)

Figure 1 Shell & Tube Heat Exchanger Market Segmentation
Figure 2 Years Considered for Shell & Tube Heat Exchangers Market
Figure 3 Shell & Tube Heat Exchangers Market: Research Design
Figure 4 Breakdown of Primary Interviews,
Figure 5 Market Size Estimation Methodology: Bottopm-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation: Shell & Tube Heat Exchangers Market
Figure 8 Chemicals is the Largest Segment By Application in Shell & Tube Heat Exchanger Market (2015)
Figure 9 Europe is Expected to Dominate the Shell & Tube Heat Exchangers Market During the Forecast Period
Figure 10 Market Size,  By Country, 2014 (USD Million)
Figure 11 Market Share (Value), By Region, 2014
Figure 12 Market is Estimated to Witness Highest Growth Between 2015 and 2020
Figure 13 Chemicals is Expected to Be the Fastest-Growing Application Between 2015 and 2020
Figure 14 China to Be the Largest Market in Asia-Pacific
Figure 15 China, Germany, and the U.S.: Key Revenue Contributors of Shell & Tube Heat Exchanger Market, 2014
Figure 16 Brazil is the Fastest-Growing Market, 2015-2020
Figure 17 Chemicals Application Dominates the Shell &  Tube Heat Exchangers Market
Figure 18 The Shell & Tube Heat Exchangers Market in Asia-Pacific is in the Growth Phase
Figure 19 Market, By Application
Figure 20 Market, By Region
Figure 21 Surging Energy Prices to Drive the Shell & Tube Heat Exchanger Market Between 2015 and 2020
Figure 22 Manufacturers Contribute the Most to the Value Chain of Shell & Tube Heat Exchangers Market
Figure 23 Porter’s Five Forces Analysis
Figure 24 Shell & Tube Heat Exchangers Market in Chemicals Application Segment to Grow Rapidly (Between 2015 -2020)
Figure 25 Europe Accounts for Largest Share of Shell & Tube Heat Exchangers Market in Chemicals Application (2015–2020)
Figure 26 RoW is the Fastest Growing Market for Shell & Tube Heat Exchangers in Petrochemicals and Oil & Gas Application Segment, in Terms of Value
Figure 27 Europe Accounts for Largest Share of Shell & Tube Heat Exchangers Market in HVAC & Refrigeration Application, in Terms of Value
Figure 28 Asia Pacific Market to Show High Growth in Food & Beverages Segment Between 2015 and 2020
Figure 29 RoW is the Fastest Growing Market for Shell & Tube Heat Exchanger in Pulp & Paper Application Between 2015 and 2020
Figure 30 RoW to Witness Highest CAGR in Power Generation Application Segment (2015–2020)
Figure 31 India, ,Saudi Arabia, Brazil, and China Emerging as Strategic Destinations
Figure 32 Asia-Pacific to Be the New Revenue Pocket for Shell & Tube Heat Exchanger: Regional Snapshot (2014)
Figure 33 U.S. to Account for Largest Share of the North American Market, 2015–2020
Figure 34 Chemicals Application Dominated Shell & Tube Heat Exchangers Market in the U.S. Between 2015 and 2020
Figure 35 Germany Dominated the Shell & Tube Heat Exchangers Market in Europe, 2014
Figure 36 Revenue of Key Players of Shell & Tube Heat Exchangers Market (2012–2014)
Figure 37 Companies Adopted Agreements, Contracts, and Expansions as the Key Growth Strategy (2011–2015)
Figure 38 Agreements, Contracts, and Expansions Were the Key Strategies, 2011–2015
Figure 39 Alfa Laval AB, Kelvion Holdings GmbH, SPX Corp.: Some of the Major Producers of Shell & Tube Heat Exchangers
Figure 40 Alfa Laval AB: Company Snapshot
Figure 41 Alfa Laval AB: SWOT Analysis
Figure 42 Kelvion Holdings GmbH: Company Snapshot
Figure 43 Kelvion Holdings GmbH: SWOT Analysis
Figure 44 SPX Corp.: Company Snapshot
Figure 45 SPX Corp.: SWOT Analysis
Figure 46 Standard Xchange: SWOT Analysis

The shell & tube heat exchangers market (2015–2020) is estimated to reach USD 7.05 Billion, by 2020, at a CAGR of 4.98%. The shell & tube heat exchangers market is driven by increasing energy prices and stringent environmental regulations, which are driving the demand for shell & tube heat exchangers. However, the increasing cost of raw materials used for shell & tube heat exchangers manufacturing is expected to inhibit the growth to some extent. The shell & tube heat exchangers are the devices that facilitate the exchange of heat between two fluids, which are at different temperatures while keeping them from mixing with each other.

The shell & tube heat exchangers are used in various applications such as chemicals, petrochemicals and Oil & Gas, power generation, HVAC & refrigeration, food & beverages, pulp & paper, among others. These are the main applications considered in the report. In 2015, the chemicals application is estimated to account for the largest market share among all the applications, in terms of value, followed by petrochemicals and oil & gas, HVAC & refrigeration, and power generation application. The chemicals application is estimated to register the highest CAGR between 2015 and 2020 among all the applications considered.

Asia-Pacific, North America, Europe, and RoW are considered the main regions for shell & tube heat exchangers market in the report. The European region is dominant in the shell & tube heat exchangers market. The rising demand for shell & tube heat exchangers in this region is mainly driven by its strong demand in the chemicals application. The North American region is the second largest consumer and manufacturer of shell & tube heat exchangers, globally. The market in this region is mainly driven by the growing opportunities from oil & gas industry and also from the fastest growing chemicals industry. The chemicals and petrochemicals and oil & gas applications are the top two applications contributing to the growing demand for shell & tube heat exchangers in North America. RoW is expected to be the fastest growing region between 2015 and 2020.

Shell & Tube Heat Exchangers Market

Though the shell & tube heat exchangers market is growing at a significant growth rate, a few factors hinder the growth of the market, globally. The higher price of raw materials, shift of end-user market from developed countries to the developing countries, and the rising cost of production are the major restraints in the growth of the shell & tube heat exchangers market.

However, SPX Corporation (U.S.), API Heat Transfer Inc. (U.S.), and Southern Heat Exchanger Corporation (U.S.) are the leading companies that have an excellent foothold in the U.S. These companies are expected to account for a significant market share in the near future. Entering related industries and targeting new markets will enable the shell & tube heat exchangers manufacturers to overcome the effects of a volatile economy, leading to diversified business portfolio and increase in the revenue. Other major manufacturers of shell & tube heat exchangers are Kelvion Holdings GmbH (Germany), Alfa Laval AB (Sweden), HRS Heat Exchangers (U.K.), Brask Inc. (U.S.), Koch Heat Transfer Company (U.S.), Standard Xchange (U.S.), and Manning and Lewis (U.S.).

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