Air-Cooled Heat Exchangers Market is Forecasted to Reach US$ 5.1 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global air-cooled heat exchangers market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:

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Market Statistics:

Market Size in 2030: US$ 5.1 billion

Growth (CAGR): 5.3% during 2024-2030

Leading End-Use Industry Type: Power Generation and Petrochemical & Chemical

Leading Region: Asia-Pacific

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 2

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Air-Cooled Heat Exchangers Market:

The global air-cooled heat exchangers market is segmented based on end-use industry type and region.

Based on end-use industry type - The market is segmented into oil & gas, petrochemical & chemical, food & beverage, power generation, HVAC & refrigeration, water & wastewater, pharmaceuticals, marine & shipbuilding, and others. Power generation and petrochemical & chemical are projected to remain the dominant end-use industries during the forecast period. HVAC & refrigeration and oil & gas industries also create sizeable opportunities in the coming years. Air-cooled heat exchangers have several advantages, such as no water requirement, high heat transfer coefficient, smaller footprint, lower maintenance costs than water-cooled systems, and suitability for high temperature and high-pressure applications, which drive their demand in the power generation and petrochemical & chemical segments.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest and fastest-growing region in the market during the forecast period. This growth outlook is majorly attributed to the following–

• Rapid industrialization and rising investments in manufacturing, commercial, and industrial projects have all contributed to the overall growth of the heat exchangers market and, eventually, the region's air-cooled heat exchangers market

Likewise, Europe and North America are also expected to generate significant opportunities over the next six years.

Air-Cooled Heat Exchangers Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing energy demand in developing economies.
• Growing investments in different industries, such as refineries, power generation units, food manufacturing industries, and district heating and cooling systems.
• Rapid urbanization and industrialization.

Top Companies in the Air-Cooled Heat Exchangers Market:

The market is fairly populated, with the presence of some local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

• Alfa Laval AB
• API Heat Transfer
• Kelvion Holdings GmbH
• Paharpur Cooling Towers Ltd.
• Thermax Ltd.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

• Plate Heat Exchangers Market
• Heat Exchangers Market

About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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