The fluidized-bed heat exchanger is widely used in various industrial sectors with the high performance of its heat transfer, ability to adapt working conditions, anti-scaling properties and many other advantages. This paper takes a horizontal single-tube in fluidized-bed heat exchanger and the fluidized low-temperature smoke around the tube as the objects of study. Euler-Euler two-fluid model is taken in use. Heat transfer between gas-solid two-phase flows and water in single-tube is simulated. The temperature field and general heat transfer coefficient is analyzed by simulated graphics.