Air Cooled Condenser Market Scope
Air Cooled Condenser is defined as the direct dry cooling system where steam is reduced inside air-cooled finned tubes. It is widely used for the removal of low-potential heat for the duration of the water steam condensation. In addition, it is also broadly used to increase plant efficiency as an alternative to cooling towers. The most significant benefits of the air-cooled condenser are the installation of the air-cooled condenser is easy, saving cooling water and reducing environmental pollution, and others. It is expected to expand at a CAGR of 8.9% from 2018 to 2026
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ENEXIO Management GmbH (Germany), SPX FLOW (United States), Evapco, Inc. (United States), Hamon Corporation (Belgium), Holtec International (United States), HAC (Australia), Shouhang (Beijing), Shuangliang (China), Tianrui (China) and Lanpec (China) |
CAGR | % |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global air cooled condenser market can witness an upsurge in the forecast period. Research Analyst at AMA estimates that China Players will contribute to the maximum growth of Global Air Cooled Condenser market throughout the predicted period.
ENEXIO Management GmbH (Germany), SPX FLOW (United States), Evapco, Inc. (United States), Hamon Corporation (Belgium), Holtec International (United States), HAC (Australia), Shouhang (Beijing), Shuangliang (China), Tianrui (China) and Lanpec (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Longhua Energy-saving (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Air Cooled Condenser market by Type , by Application (Energy Industry, Chemical Industry, Engineering and Metallurgy and Others) and Region with country level break-up.
On the basis of geography, the market of Air Cooled Condenser has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
On October 2017, the SPX Dry Cooling (Belgium) Company had launched BoxAir ACC, which is an air-cooled condenser. Hence, this new product will help in strengthening the position of the company in Belgium.
Influencing Trend:
Technology advancement of Air Cooled Condenser Products
Market Growth Drivers:
Number of power plants is likely to increase in worldwide. and Rising Disposable Income along with Changing Life Style
Challenges:
Lack of Awareness Regarding Air Cooled Condenser
Restraints:
High Maintenance and Equipment Cost
Opportunities:
Rising Demand from Emerging Economics such as India, China and others
Key Target Audience
Manufacturers of Air Cooled Condenser, Suppliers of Air Cooled Condenser, Wholesalers, Distributors and Retailers of Air Cooled Condenser, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others