쉘 및 튜브형 열교환기 시장 예측(-2030년) : 유형별, 설계별, 재료별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Shell and Tube Heat Exchanger Market is accounted for $10.1 billion in 2024 and is expected to reach $14.7 billion by 2030 growing at a CAGR of 6.4% during the forecast period. A Shell and Tube Heat Exchanger is a common type of heat exchanger used in industrial processes to transfer heat between two fluids. It consists of a series of tubes, with one fluid flowing inside the tubes and the other flowing outside the tubes. The heat is transferred through the walls of the tubes. The basic structure includes a cylindrical shell, tube bundle, tube sheets, and baffles. The tube bundle is made up of small diameter tubes, increasing the surface area for heat transfer.

Market Dynamics:

Driver:

Growing focus on energy efficiency across industries

Industry attempts to lower energy use and operating costs have increased demand for energy-efficient technologies. Since of their good thermal transmission, shell and tube heat exchangers are recommended since they may save up to 30% on energy costs when maintained and operated properly. Furthermore, businesses are concentrating on sustainability objectives and environmental requirements, which is causing a rise in the use of energy-efficient technologies like shell and tube heat exchangers, which use waste heat recovery systems to assist lower carbon footprints.

Restraint:

Initial cost of purchasing and installing

The substantial initial capital expenditure needed for shell and tube heat exchangers may be prohibitive for small and medium-sized businesses (SMEs) because of budgetary limitations. Because of this, they could choose less costly options, which would restrict market expansion. These systems may also require significant ongoing maintenance, which raises the total cost of ownership. These costs have the potential to turn off purchasers, particularly in underdeveloped nations where money is tight.

Opportunity:

Rise of renewable energy sources

Thermal management is becoming more and more necessary in renewable energy processes like concentrated solar power, geothermal energy, and biomass because of their durability and efficiency. High-temperature, high-pressure applications in these fields are best suited for shell and tube heat exchangers. An additional indication of the significance of heat exchangers in power generating cycles is the expansion of geothermal and biomass applications thereby driving the market growth.

Threat:

Accumulation of deposits on the heat transfer surfaces

Fouling can lead to reduced heat transfer efficiency due to thermal resistance, requiring higher energy inputs for temperature exchange. This results in increased operational costs and energy consumption, affecting facilities' utility bills and system efficiency. Additionally, foaming can cause increased maintenance frequency, leading to unplanned downtime and reduced productivity. The outlay associated with maintenance activities, including labor and equipment, can significantly impact profitability.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the shell and tube heat exchanger market, causing disruptions in supply chains and delays in manufacturing. Demand declined across various industries, especially oil and gas, due to reduced industrial activity and global economic slowdown. However, as sectors like chemicals, pharmaceuticals, and food and beverage adapted to new safety and efficiency demands, a moderate recovery followed. Additionally, increased focus on energy-efficient and sustainable technologies has started to boost demand, aiding market stabilization and gradual growth post-pandemic.

The fixed tube sheet segment is expected to be the largest during the forecast period

The fixed tube sheet segment is projected to account for the largest market share during the projection period because fixed tube sheet designs are robust and economical, as they have fewer moving parts compared to floating head designs. This cost-efficiency makes them attractive in industries where long-term durability is prioritized, such as in chemical processing, oil and gas, and power generation. The market demand for these exchangers increases where companies seek budget-friendly, reliable equipment with lower maintenance costs.

The stainless steel segment is expected to have the highest CAGR during the forecast period

During the projection period, the stainless steel segment is expected to grow at the highest CAGR, due to its innate resistance to corrosion, equipment lasts longer and requires less maintenance and downtime. Additionally, stainless steel performs well at high temperatures, which makes it perfect for petrochemicals and power generation applications where thermal stability is essential. This increases the market reach of manufacturers by enabling them to deploy heat exchangers in challenging locations.

Region with largest share:

The Asia Pacific region is expected to hold the largest share of the market during the forecast period owing to rapid industrialization in countries like China, India, Japan, and South Korea drives demand for heat exchangers in refineries, petrochemical plants, and power stations. Investments in infrastructure and energy projects support the growth of shell and tube heat exchangers, which are essential for heat management in various applications.

Region with highest CAGR:

The North America region is predicted to witness the lucrative growth rate throughout the forecast period, because North America has strict regulations concerning energy efficiency and emissions. This has driven industries to adopt energy-efficient technologies, including high-performance heat exchangers, to minimize energy losses and reduce greenhouse gas emissions. Upgrading to newer, efficient heat exchangers is a priority for many companies aiming to meet environmental compliance, further boosting market demand.

Key players in the market

Some of the key players profiled in the Shell and Tube Heat Exchanger Market include Alfa Laval, API Heat Transfer, Barriquand Technologies Thermiques, Brask, Inc., Elanco, Inc., HRS Heat Exchangers, Hughes Anderson Heat Exchangers, Inc., Kelvion Holding GmbH, Koch Heat Transfer Company, Manning and Lewis, Mersen, Sondex, Southern Heat Exchanger Corporation, Thermex, Tinita Engineering Pvt. Ltd, WCR, Inc., Wuxi New Wuhuan Engineering Co., Ltd. and Xylem Inc.

Key Developments:

In July 2024, Xylem has expanded its corporate venture investing plans with $50 million committed to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization.

In May 2024, Xylem announced the launch of Reuse Brew. This unique Bavarian beer, crafted from high-quality treated wastewater, marks a significant advancement in water recycling technologies and offers a sustainable solution to the increasing challenges posed by climate change.

Types Covered:

• Fixed Tube Sheet
• U-Tube
• Floating Head
• Kettle Reboiler
• Other Types

Designs Covered:

• Single Pass
• Multi-Pass
• Segmental Baffle
• Helical Baffle
• Other Designs

Material Covered:

• Stainless Steel
• Carbon Steel
• Nickel Alloys
• Titanium
• Other Materials

Applications Covered:

• Petrochemical Processing
• Thermal & Nuclear Power Plants
• Air Conditioning Systems
• Sterilization & Pasteurization
• Effluent Treatment
• Other Applications

End Users Covered:

• Oil & Gas
• Food & Beverage
• Pharmaceuticals & Biotechnology
• Water & Wastewater Treatment
• Automotive
• Aerospace & Defense
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Shell and Tube Heat Exchanger Market, By Type

• 5.1 Introduction
• 5.2 Fixed Tube Sheet
• 5.3 U-Tube
• 5.4 Floating Head
• 5.5 Kettle Reboiler
• 5.6 Other Types

6 Global Shell and Tube Heat Exchanger Market, By Design

• 6.1 Introduction
• 6.2 Single Pass
• 6.3 Multi-Pass
• 6.4 Segmental Baffle
• 6.5 Helical Baffle
• 6.6 Other Designs

7 Global Shell and Tube Heat Exchanger Market, By Material

• 7.1 Introduction
• 7.2 Stainless Steel
• 7.3 Carbon Steel
• 7.4 Nickel Alloys
• 7.5 Titanium
• 7.6 Other Materials

8 Global Shell and Tube Heat Exchanger Market, By Application

• 8.1 Introduction
• 8.2 Petrochemical Processing
• 8.3 Thermal & Nuclear Power Plants
• 8.4 Air Conditioning Systems
• 8.5 Sterilization & Pasteurization
• 8.6 Effluent Treatment
• 8.7 Other Applications

9 Global Shell and Tube Heat Exchanger Market, By End User

• 9.1 Introduction
• 9.2 Oil & Gas
• 9.3 Food & Beverage
• 9.4 Pharmaceuticals & Biotechnology
• 9.5 Water & Wastewater Treatment
• 9.6 Automotive
• 9.7 Aerospace & Defense
• 9.8 Other End Users

10 Global Shell and Tube Heat Exchanger Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Alfa Laval
• 12.2 API Heat Transfer
• 12.3 Barriquand Technologies Thermiques
• 12.4 Brask, Inc.
• 12.5 Elanco, Inc.
• 12.6 HRS Heat Exchangers
• 12.7 Hughes Anderson Heat Exchangers, Inc.
• 12.8 Kelvion Holding GmbH
• 12.9 Koch Heat Transfer Company
• 12.10 Manning and Lewis
• 12.11 Mersen
• 12.12 Sondex
• 12.13 Southern Heat Exchanger Corporation
• 12.14 Thermex
• 12.15 Tinita Engineering Pvt. Ltd
• 12.16 WCR, Inc.
• 12.17 Wuxi New Wuhuan Engineering Co., Ltd.
• 12.18 Xylem Inc.