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Air-Cooled Condensers-Global Market Insights and Sales Trends 2025
Synopsis
Air cooled condenser is the large industrial heat exchange equipment which uses the air in nature to cool (condensate) processing fluid. Compared to the water cooled method, it boasts advantages of sufficient and free cold source, saving cooling water and reducing environmental pollution, low maintenance cost and others. There are power plant air cooled condenser and petrochemical air cooled condenser according to different application field.
In an air cooled condenser, refrigerant condenses inside the tubes and air passes over the outside.
Fins should be used on the air-side because the coefficient of heat transfer on the air-side is lower compared to that on the refrigerant side.
The circulation of air over an air-cooled condenser may be by either natural or forced convection.
The global Air-Cooled Condensers market size is expected to reach US$ 1180.1 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029. The market is mainly driven by the significant applications of Air-Cooled Condensers in various end use industries. The expanding demands from the Power and Energy, Chemical Industry, Engineering and Metallurgy and Others, are propelling Air-Cooled Condensers market. Horizontal Condenser, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the V and A Frame Condenser segment is estimated at % CAGR for the next seven-year period.
Global key producers include Shuangliang, HAC, and Paharpur. The top three producers together account for about 45% of the market share, with the largest producer being Shuangliang with 20%. The global origins are mainly located in North America, Europe, China, India, etc. In terms of product categories, there are horizontal condensers and V and A frame condensers, with the former holding a larger market share at 65%. In terms of applications, power and energy is the number one area of application, with a market share of 48%, followed by the chemical industry with 30%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Air-Cooled Condensers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Air-Cooled Condensers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Air-Cooled Condensers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Air-Cooled Condensers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Air-Cooled Condensers covered in this report include ENEXIO, SPX Dry Cooling, EVAPCO, Hamon, Holtec, HAC, Shouhang, Kelvion and Shuangliang, etc.
The global Air-Cooled Condensers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ENEXIO
SPX Dry Cooling
EVAPCO
Hamon
Holtec
HAC
Shouhang
Kelvion
Shuangliang
Tianrui
Thermax
Global Air-Cooled Condensers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Air-Cooled Condensers market, Segment by Type:
Horizontal Condenser
V and A Frame Condenser
Global Air-Cooled Condensers market, by Application
Power and Energy
Chemical Industry
Engineering and Metallurgy
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Air-Cooled Condensers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Air-Cooled Condensers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Air cooled condenser is the large industrial heat exchange equipment which uses the air in nature to cool (condensate) processing fluid. Compared to the water cooled method, it boasts advantages of sufficient and free cold source, saving cooling water and reducing environmental pollution, low maintenance cost and others. There are power plant air cooled condenser and petrochemical air cooled condenser according to different application field.
In an air cooled condenser, refrigerant condenses inside the tubes and air passes over the outside.
Fins should be used on the air-side because the coefficient of heat transfer on the air-side is lower compared to that on the refrigerant side.
The circulation of air over an air-cooled condenser may be by either natural or forced convection.
The global Air-Cooled Condensers market size is expected to reach US$ 1180.1 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029. The market is mainly driven by the significant applications of Air-Cooled Condensers in various end use industries. The expanding demands from the Power and Energy, Chemical Industry, Engineering and Metallurgy and Others, are propelling Air-Cooled Condensers market. Horizontal Condenser, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the V and A Frame Condenser segment is estimated at % CAGR for the next seven-year period.
Global key producers include Shuangliang, HAC, and Paharpur. The top three producers together account for about 45% of the market share, with the largest producer being Shuangliang with 20%. The global origins are mainly located in North America, Europe, China, India, etc. In terms of product categories, there are horizontal condensers and V and A frame condensers, with the former holding a larger market share at 65%. In terms of applications, power and energy is the number one area of application, with a market share of 48%, followed by the chemical industry with 30%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Air-Cooled Condensers, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Air-Cooled Condensers market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Air-Cooled Condensers market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Air-Cooled Condensers sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Air-Cooled Condensers covered in this report include ENEXIO, SPX Dry Cooling, EVAPCO, Hamon, Holtec, HAC, Shouhang, Kelvion and Shuangliang, etc.
The global Air-Cooled Condensers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ENEXIO
SPX Dry Cooling
EVAPCO
Hamon
Holtec
HAC
Shouhang
Kelvion
Shuangliang
Tianrui
Thermax
Global Air-Cooled Condensers market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Air-Cooled Condensers market, Segment by Type:
Horizontal Condenser
V and A Frame Condenser
Global Air-Cooled Condensers market, by Application
Power and Energy
Chemical Industry
Engineering and Metallurgy
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Air-Cooled Condensers manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Air-Cooled Condensers in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Air-Cooled Condensers Market Overview
1.1 Air-Cooled Condensers Product Overview
1.2 Air-Cooled Condensers Market Segment by Type
1.2.1 Horizontal Condenser
1.2.2 V and A Frame Condenser
1.3 Global Air-Cooled Condensers Market Size by Type
1.3.1 Global Air-Cooled Condensers Market Size Overview by Type (2018-2029)
1.3.2 Global Air-Cooled Condensers Historic Market Size Review by Type (2018-2023)
1.3.3 Global Air-Cooled Condensers Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Air-Cooled Condensers Sales Breakdown by Type (2018-2023)
1.4.2 Europe Air-Cooled Condensers Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Air-Cooled Condensers Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Air-Cooled Condensers Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Air-Cooled Condensers Sales Breakdown by Type (2018-2023)
2 Global Air-Cooled Condensers Market Competition by Company
2.1 Global Top Players by Air-Cooled Condensers Sales (2018-2023)
2.2 Global Top Players by Air-Cooled Condensers Revenue (2018-2023)
2.3 Global Top Players by Air-Cooled Condensers Price (2018-2023)
2.4 Global Top Manufacturers Air-Cooled Condensers Manufacturing Base Distribution, Sales Area, Product Type
2.5 Air-Cooled Condensers Market Competitive Situation and Trends
2.5.1 Air-Cooled Condensers Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Air-Cooled Condensers Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Air-Cooled Condensers as of 2022)
2.7 Date of Key Manufacturers Enter into Air-Cooled Condensers Market
2.8 Key Manufacturers Air-Cooled Condensers Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Air-Cooled Condensers Status and Outlook by Region
3.1 Global Air-Cooled Condensers Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Air-Cooled Condensers Historic Market Size by Region
3.2.1 Global Air-Cooled Condensers Sales in Volume by Region (2018-2023)
3.2.2 Global Air-Cooled Condensers Sales in Value by Region (2018-2023)
3.2.3 Global Air-Cooled Condensers Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Air-Cooled Condensers Forecasted Market Size by Region
3.3.1 Global Air-Cooled Condensers Sales in Volume by Region (2024-2029)
3.3.2 Global Air-Cooled Condensers Sales in Value by Region (2024-2029)
3.3.3 Global Air-Cooled Condensers Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Air-Cooled Condensers by Application
4.1 Air-Cooled Condensers Market Segment by Application
4.1.1 Power and Energy
4.1.2 Chemical Industry
4.1.3 Engineering and Metallurgy
4.1.4 Others
4.2 Global Air-Cooled Condensers Market Size by Application
4.2.1 Global Air-Cooled Condensers Market Size Overview by Application (2018-2029)
4.2.2 Global Air-Cooled Condensers Historic Market Size Review by Application (2018-2023)
4.2.3 Global Air-Cooled Condensers Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Air-Cooled Condensers Sales Breakdown by Application (2018-2023)
4.3.2 Europe Air-Cooled Condensers Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Air-Cooled Condensers Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Air-Cooled Condensers Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Air-Cooled Condensers Sales Breakdown by Application (2018-2023)
5 North America Air-Cooled Condensers by Country
5.1 North America Air-Cooled Condensers Historic Market Size by Country
5.1.1 North America Air-Cooled Condensers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Air-Cooled Condensers Sales in Volume by Country (2018-2023)
5.1.3 North America Air-Cooled Condensers Sales in Value by Country (2018-2023)
5.2 North America Air-Cooled Condensers Forecasted Market Size by Country
5.2.1 North America Air-Cooled Condensers Sales in Volume by Country (2024-2029)
5.2.2 North America Air-Cooled Condensers Sales in Value by Country (2024-2029)
6 Europe Air-Cooled Condensers by Country
6.1 Europe Air-Cooled Condensers Historic Market Size by Country
6.1.1 Europe Air-Cooled Condensers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Air-Cooled Condensers Sales in Volume by Country (2018-2023)
6.1.3 Europe Air-Cooled Condensers Sales in Value by Country (2018-2023)
6.2 Europe Air-Cooled Condensers Forecasted Market Size by Country
6.2.1 Europe Air-Cooled Condensers Sales in Volume by Country (2024-2029)
6.2.2 Europe Air-Cooled Condensers Sales in Value by Country (2024-2029)
7 Asia-Pacific Air-Cooled Condensers by Region
7.1 Asia-Pacific Air-Cooled Condensers Historic Market Size by Region
7.1.1 Asia-Pacific Air-Cooled Condensers Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Air-Cooled Condensers Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Air-Cooled Condensers Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Air-Cooled Condensers Forecasted Market Size by Region
7.2.1 Asia-Pacific Air-Cooled Condensers Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Air-Cooled Condensers Sales in Value by Region (2024-2029)
8 Latin America Air-Cooled Condensers by Country
8.1 Latin America Air-Cooled Condensers Historic Market Size by Country
8.1.1 Latin America Air-Cooled Condensers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Air-Cooled Condensers Sales in Volume by Country (2018-2023)
8.1.3 Latin America Air-Cooled Condensers Sales in Value by Country (2018-2023)
8.2 Latin America Air-Cooled Condensers Forecasted Market Size by Country
8.2.1 Latin America Air-Cooled Condensers Sales in Volume by Country (2024-2029)
8.2.2 Latin America Air-Cooled Condensers Sales in Value by Country (2024-2029)
9 Middle East and Africa Air-Cooled Condensers by Country
9.1 Middle East and Africa Air-Cooled Condensers Historic Market Size by Country
9.1.1 Middle East and Africa Air-Cooled Condensers Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Air-Cooled Condensers Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Air-Cooled Condensers Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Air-Cooled Condensers Forecasted Market Size by Country
9.2.1 Middle East and Africa Air-Cooled Condensers Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Air-Cooled Condensers Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ENEXIO
10.1.1 ENEXIO Company Information
10.1.2 ENEXIO Introduction and Business Overview
10.1.3 ENEXIO Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ENEXIO Air-Cooled Condensers Products Offered
10.1.5 ENEXIO Recent Development
10.2 SPX Dry Cooling
10.2.1 SPX Dry Cooling Company Information
10.2.2 SPX Dry Cooling Introduction and Business Overview
10.2.3 SPX Dry Cooling Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.2.4 SPX Dry Cooling Air-Cooled Condensers Products Offered
10.2.5 SPX Dry Cooling Recent Development
10.3 EVAPCO
10.3.1 EVAPCO Company Information
10.3.2 EVAPCO Introduction and Business Overview
10.3.3 EVAPCO Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.3.4 EVAPCO Air-Cooled Condensers Products Offered
10.3.5 EVAPCO Recent Development
10.4 Hamon
10.4.1 Hamon Company Information
10.4.2 Hamon Introduction and Business Overview
10.4.3 Hamon Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hamon Air-Cooled Condensers Products Offered
10.4.5 Hamon Recent Development
10.5 Holtec
10.5.1 Holtec Company Information
10.5.2 Holtec Introduction and Business Overview
10.5.3 Holtec Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Holtec Air-Cooled Condensers Products Offered
10.5.5 Holtec Recent Development
10.6 HAC
10.6.1 HAC Company Information
10.6.2 HAC Introduction and Business Overview
10.6.3 HAC Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.6.4 HAC Air-Cooled Condensers Products Offered
10.6.5 HAC Recent Development
10.7 Shouhang
10.7.1 Shouhang Company Information
10.7.2 Shouhang Introduction and Business Overview
10.7.3 Shouhang Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shouhang Air-Cooled Condensers Products Offered
10.7.5 Shouhang Recent Development
10.8 Kelvion
10.8.1 Kelvion Company Information
10.8.2 Kelvion Introduction and Business Overview
10.8.3 Kelvion Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Kelvion Air-Cooled Condensers Products Offered
10.8.5 Kelvion Recent Development
10.9 Shuangliang
10.9.1 Shuangliang Company Information
10.9.2 Shuangliang Introduction and Business Overview
10.9.3 Shuangliang Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shuangliang Air-Cooled Condensers Products Offered
10.9.5 Shuangliang Recent Development
10.10 Tianrui
10.10.1 Tianrui Company Information
10.10.2 Tianrui Introduction and Business Overview
10.10.3 Tianrui Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Tianrui Air-Cooled Condensers Products Offered
10.10.5 Tianrui Recent Development
10.11 Thermax
10.11.1 Thermax Company Information
10.11.2 Thermax Introduction and Business Overview
10.11.3 Thermax Air-Cooled Condensers Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Thermax Air-Cooled Condensers Products Offered
10.11.5 Thermax Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Air-Cooled Condensers Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Air-Cooled Condensers Industrial Chain Analysis
11.4 Air-Cooled Condensers Market Dynamics
11.4.1 Air-Cooled Condensers Industry Trends
11.4.2 Air-Cooled Condensers Market Drivers
11.4.3 Air-Cooled Condensers Market Challenges
11.4.4 Air-Cooled Condensers Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Air-Cooled Condensers Distributors
12.3 Air-Cooled Condensers Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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