The shell & tube heat exchangers market 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.

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.