Heat exchangers are generally used for effectively transferring heat from one medium to the other. Heat exchangers are those devices which are widely employed in a various number of industries such as HVAC, chemical, food and beverages, etc. On the basis of their configuration, heat exchanger devices are widely classified into 4 basic types which include shell and tube type, plate and frame type, cooling towers and air coolers. Shell & tube and plate & frame heat exchangers have been the most widely deployed types of heat exchangers. Shell and tube heat exchangers are anticipated to account for the largest share in the global heat exchanger market since they come among the most widely preferred heat exchanger units in a wide range of applications. However, such exchanger types are projected to witness a relatively slower growth when compared to plate and frame and other types of heat exchangers over the forecast period. The increasing demand for welded type plate heat exchangers is projected to maintain its dominance over the next few years owing to their comfortable and compact size as well as ease of maintenance.
The global shell & tube heat exchanger market is anticipated to be driven by various key factors such as rising industrialization across the globe coupled with increasing demand for shell & tube heat exchanger devices from various developing economies such as China, India, Indonesia and Russia among others. In addition, the rising demand for HVAC equipment is further increasing especially in emerging economies and is largely driven by rapid urbanization in the aforementioned countries owing to which the global shell & tube heat exchanger market is also projected to witness an upsurge from increasing demand for replacement applications over the forecast period. One of the major aspect contributing to the growth of global shell & tube heat exchanger market is the increasing number of industrial activities across various verticals in developing economies, especially in Asia-Pacific and LAMEA regions. Also, one of the key factors supporting the growth of global shell & tube heat exchanger market include rising demand from emerging economies. The global shell & tube heat exchanger market in Europe and North America is anticipated to witness relatively slower growth as compared to Asia-Pacific and LAMEA.
The global shell & tube heat exchanger market can be segmented on the basis of application and region. On the basis of application, the global shell & tube heat exchanger market can be segmented into chemicals, petrochemicals, oil & gas, HVAC & refrigeration, power generation, pulp & paper and others. On the basis of region, the global shell & tube heat exchanger market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Major players operating in the global shell & tube heat exchanger market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the key players involved in the manufacture and supply of shell & tube heat exchanger products include Kelvion Holdings GmbH, Danfoss A/S, SPX Corporation, Alfa Laval AB, Xylem Inc., API Heat Transfer Inc., Gunter AG & Co. KG, Hamon & Cie International SA, Hindustan Dorr-Oliver Limited, Hisaka Works Limited, HRS Heat Exchangers, Modine Manufacturing Company, Sierra S.p.A, Sondex Holdings A/S and SWEP International AB among others.
Market by Application
· Oil & gas
· HVAC & refrigeration
· Power generation
· Pulp & paper
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction According to Acumen Research and Consulting, the global Heating Equipment market is expected to grow at noteworthy CAGR around 5.2 % throughout the forecast period and reach around US$ 52 billion by 2026. The need for efficient heating systems has resulted to the growth of mechanical devices that are cost-effective
According to Acumen Research and Consulting, the global Asphalt Shingles market is expected to grow at noteworthy CAGR around 7.5 % throughout the forecast period and reach around US$ 11 billion by 2026. The most popular roofing materials for various building projects worldwide are asphalted shingles. The roofs in single buildings, tiny housing projects and house rows are frequentl
Introduction According to Acumen Research and Consulting, the global Portable Air Compressor market is expected to grow at noteworthy CAGR around 3.7 % throughout the forecast period and reach around US$ 10 billion by 2026. The market for portable air compressors is used in multiple sectors such as production, healthcare, constr
Introduction The global aluminum ladder market is expected to reach the market value of around $900 million by 2025 and is anticipated to grow at a CAGR of around 9% in terms of revenue during the forecast period 2018 - 2025. Aluminum ladders are ladders built from aluminum and ladder is a set of rungs or steps that are vertical or inclined. Aluminum ladders are durable, re
The global aluminum frame market size is poised to hit the market value of around $14.5 billion by 2025 and is projected to raise at a CAGR of around 3.5% in terms of revenue amid the forecast period 2018– 2025. Introduction Aluminum Frame is a rigid aluminum structure that surrounds a picture, door or a windowpane. Aluminum frames have lo
Introduction According to Acumen Research and Consulting, the global building thermal insulation market size is expected to reach around US$ 40 billion by 2026 with rising CAGR of around 4.5% throughout the forecast period 2019-2026. The method of reducing heat transfer between neighboring environments is thermal isolation with