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Air Cooled Heat Exchanger Market Trends

Report ID: GMI11650
Published Date: Oct 2024
Report Format: PDF

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Air Cooled Heat Exchanger Market Trends

Air cooled heat exchanger industry is projected to observe significant expansion on account of the increasing demand for efficient heating and cooling solutions across building stocks coupled with a growing focus on utilizing waste heat from industrial processes. Additionally, the harsh winter conditions in various countries, combined with the growing enforcement of energy efficiency regulations and standards will further drive the product demand. Moreover, the products are predominantly used in refineries, gas processing plants, power generation facilities, and petrochemical operations to efficiently transfer and harness the waste heat.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market for air cooled heat exchanger was valued at USD 3.9 billion in 2023 and is projected to grow at a CAGR of 8.4% from 2024 to 2032, driven by the expansion in end-use industries and new investments in heavy-duty operations.

The chemical segment is projected to exceed USD 2.2 billion by 2032, while the oil and gas sector will benefit from the increasing use of heat exchangers to reduce energy consumption and operational costs.

The U.S. air-cooled heat exchanger industry is projected to exceed USD 1.2 billion by 2032, due to increased energy efficiency and sustainability efforts.

Major key players in the market include ALFA LAVAL, Altex Industries, AXH air-coolers, Boldrocchi, Chart Industries, Dry Coolers, EMMEGI Heat Exchangers, Exchanger Industries, Graham Hart (Process Technology), Industrial Heat Transfer, Kawasaki Heavy Industries, Marmon Industrial Water, Perry Hayden, Positron, SPG Dry Cooling, SPX Cooling Tech, Spiro-Gills Thermal Products, Thermax, Thermofin.