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ALBANY, N.Y. , May 30, 2022 /PRNewswire/ -- Lucrative avenues in the air cooled heat exchanger market are expanding from the growing use of both forced draft and induced draft air cooled heat exchangers in multiple heat transfer applications in the automotive, HVAC, and power generation industries. Extensive use of air cooled heat exchangers (ACHEs) in facilities in the oil & gas industry has been steering steady revenue growth. A study by TMR has projected the global air cooled heat exchanger market valuation to exceed US$ 7.6 Bn by 2031.
Manufacturers are broadening their revenue streams by offering a range of air cooled exchangers. Of note, companies in the air cooled heat exchanger market are expected to gain shares from the growth trend of environmentally-friendly equipment especially for oil & gas industry which meets the desired objectives in variety of temperature and pressure requirements. The TMR study found that induced draft type is the fastest growing market for air cooled heat exchanger in terms of CAGR amounting to 9.31% during 2022–2031.
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Strides in the HVAC-R industry have expanded the avenue for air cooled heat exchanger market players. Of note, the end-use application has been propelling product advancements on the back of need for cost-effective and energy-efficient cooling tower designs.
Key Findings of Air-Cooled Heat Exchanger Market Study
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Air-Cooled Heat Exchanger Market: Key Drivers
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Air-Cooled Heat Exchanger Market: Regional Growth Dynamics
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Air-Cooled Heat Exchanger Market: Key Players
Some of the key players in the air cooled heat exchanger market are General Electric, Paharpur Cooling Towers Ltd., Howden Group, Delta T Heat Exchangers, ALFA LAVAL, SPG Dry Cooling, Boldrocchi, Baffles Cooling Systems, and PX Cooling Technologies, Inc.
Air-Cooled Heat Exchanger Market: Segmentation
Global Air Cooled Heat Exchanger Market, by Construction
Global Air Cooled Heat Exchanger Market, by Type
Global Air Cooled Heat Exchanger Market, by Fin Design
Global Air Cooled Heat Exchanger Market, by Application
Global Air Cooled Heat Exchanger Market, by Region
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Transparency Market Research is a global market research report company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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