Global and United States Shell & Tube Heat Exchanger Market Report & Forecast 2022-2028

A shell and tube heat exchanger is a class of heat exchanger designs.[1][2] It is the most common type of heat exchanger in oil refineries and other large chemical processes, and is suited for higher-pressure applications. As its name implies, this type of heat exchanger consists of a shell (a large pressure vessel) with a bundle of tubes inside it. One fluid runs through the tubes, and another fluid flows over the tubes (through the shell) to transfer heat between the two fluids. The set of tubes is called a tube bundle, and may be composed of several types of tubes: plain, longitudinally finned, etc.
Market Analysis and Insights: Global and United States Shell & Tube Heat Exchanger Market
This report focuses on global and United States Shell & Tube Heat Exchanger market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Shell & Tube Heat Exchanger market size is estimated to be worth US$ 6048.8 million in 2022 and is forecast to a readjusted size of US$ 7138.8 million by 2028 with a CAGR of 2.8% during the review period. Fully considering the economic change by this health crisis, by Type, Cross Flow to Tubes accounting for % of the Shell & Tube Heat Exchanger global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Chemicals was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
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 2018 and 2023.
Global Shell & Tube Heat Exchanger Scope and Market Size
Shell & Tube Heat Exchanger market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Shell & Tube Heat Exchanger market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Shell & Tube Heat Exchanger market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Cross Flow to Tubes
Parallel Flow to Tubes
Segment by Application
Petrochemicals and Oil & Gas
HVAC & Refrigeration
Food & Beverages
Power Generation
Pulp & Paper
By Region
North America
South Korea
Latin America
Middle East & Africa
Saudi Arabia
By Company
Alfa Laval
Standard Xchange
API Heat Transfer
Hughes Anderson
Manning and Lewis
Mason Manufacturing
Kennedy Tank & Manufacturing
Hrs Heat Exchangers
Koch Heat Transfer
Southern Heat Exchanger

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

Please Select a Format

market Reports market Reports