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Evaporator Coils & Condenser Coils Market Trends

Report ID: GMI11169
Published Date: Sep 2024
Report Format: PDF

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Evaporator Coils & Condenser Coils Market Trends

As regulations tighten and environmental awareness heightens, the evaporator and condenser coils market are undergoing a transformation. Key regulations are driving the momentum to replace high-GWP refrigerants with sustainable alternatives. According to the Environmental Protection Agency (EPA), the transition to low-GWP refrigerants is expected to reduce greenhouse gas emissions by up to 90% by 2030. Due to technological advancements, new refrigerants are emerging that not only perform better but also have a reduced environmental footprint.

The evaporator coils & condenser coils market is focusing on microchannel coils which are increasingly utilized due to their ability to enhance heat exchange efficiency and reduce refrigerant charges. These coils feature a design with numerous small channels that improve thermal performance while decreasing the overall size and weight, which helps in minimizing refrigerant usage and its environmental impact.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of evaporator coils & condenser coils was worth over USD 3.11 billion in 2023 and is anticipated to register over 4.9% CAGR between 2024 and 2032, driven by urbanization and industrialization.

The condenser coils segment was crossed USD 1.79 billion in 2023 and is expected to reach USD 2.76 billion by 2032, owing to its pivotal role in HVAC and refrigeration systems.

The U.S. evaporator coils & condenser coils market held a share of about 73.7% in 2023 and is anticipated to grow at 4.9% CAGR during 2024 to 2032, driven by the increasing awareness about indoor air quality.

Coilmaster Corporation, Colmac Coil Manufacturing, Inc, Daikin Industries, Ltd, Emerson Electric Co, Johnson Controls, Kelvion Holding GmbH among others.