Air Cooled Heat Exchanger Market Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏
• The global air cooled heat exchanger market was valued over US$ 3.2 Bn in 2021
• It is predicted to grow at a CAGR of 9.19% from 2022 to 2031
• The global air cooled heat exchanger market is expected to surpass the value of US$ 7.6 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/air-cooled-heat-exchangers-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

Application areas of air cooled heat exchangers (ACHEs) are oil & gas, power generation, petrochemical, HVAC-R systems, and refineries. Air cooled heat exchangers are widely used in an increasing number of processing industries. This can be attributed to key benefits of air-cooled heat exchangers such as very low maintenance & operating cost, specifically for applications in oil & gas and petrochemical industries.
To broaden revenue streams, companies in the air cooled heat exchanger market are diversifying their manufacturing for shell heat exchangers, tube heat exchangers, and other air cooled exchangers.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65012

𝐎𝐢𝐥 & 𝐆𝐚𝐬 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐂𝐫𝐞𝐚𝐭𝐞 𝐒𝐭𝐚𝐛𝐥𝐞 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐭𝐫𝐞𝐚𝐦𝐬 𝐟𝐨𝐫 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬

Air cooled heat exchanger (ACHE) helps to remove heat from process fluids and releases it into the atmospheric air. It also improves the efficiency of industrial systems. Manufacturers tend to adopt environmentally-friendly equipment, which is better than other heat exchangers. Such findings are leading to revenue opportunities for key vendors in air-cooled heat exchangers industry. Therefore, demand for air-cooled heat exchangers in developing countries is rising. Increase in industrialization in emerging countries across the globe is a key factor that is expected to drive the air cooled heat exchanger market.

Oil & gas and petrochemical industries are estimated to reach a valuation of US$ 1,283.1 Mn and US$ 980.5 Mn, respectively, by the end of 2023. The ever-evolving nature of these industries is triggering the demand for air cooled heat exchangers. Petrochemical and oil & gas industries involve high pressure and temperature applications. Air cooled heat exchangers are primarily used to optimize heat transfer and energy savings. This is one of the key factors which is propelling growth in the global air cooled heat exchanger market.
An increase in industrialization in developed, as well as developing countries, is an important factor that is augmenting growth in the air cooled heat exchanger market. Such trends are increasing the demand for air-cooled heat exchangers that are being used for upstream production, in refineries, at petrochemical plants, as well as for corrosive fluids and environments.

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐇𝐞𝐥𝐩 𝐁𝐨𝐨𝐬𝐭 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲-𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐫𝐬

A comprehensive overview of air cooled heat exchangers can be elaborated for different end-use industries. Air cooled heat exchangers are widely used in industries such as power generation, HVAC-R system, and automotive. They are also used in gas treating plants, compressor stations, and other facilities.
Air cooled heat exchangers are used to increase energy efficiency at different facilities. They are also environment friendly, as there is no water wastage due to closed-loop operation and lack of evaporation.

The severity of global warming and weather changes has been increasing across the world. Governments of developed as well as developing countries are providing financial aid such as benefits, incentives, and funding to adopt environment-friendly practices. End-users from different industries can use air cooled heat exchangers and avail such government subsidies. This can help increase the adoption of environment-friendly air cooled heat exchangers across the globe.

Ongoing technological developments to improve energy efficiency and durability of air cooled heat exchangers are also expected to drive the air cooled heat exchanger market during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=65012

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐇𝐨𝐫𝐢𝐳𝐨𝐧𝐭𝐚𝐥 𝐚𝐧𝐝 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐫𝐬 𝐏𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

In terms of construction, the global air cooled heat exchanger market has been divided into the vertical and horizontal structure. The horizontal segment held a significant share of 66.69% in 2021. It is expected to maintain its leading position with a growth rate of more than 9.19% during the forecast period. This is evident since horizontal air cooled heat exchangers are convenient to construct and also lower in cost as compared to vertical air cooled heat exchangers. As such, new opportunity for air-cooled heat exchangers market is being witnessed in the development of multi-service, vertical air cooled heat exchangers that are specifically designed to minimize plot size in power generation and gas processing applications.

𝐋𝐨𝐰-𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐈𝐧𝐝𝐮𝐜𝐞𝐝 𝐃𝐫𝐚𝐟𝐭 𝐓𝐲𝐩𝐞 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐫𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Based on type, the global air cooled heat exchanger market has been classified into the forced draft and induced draft models. The induced draft segment dominated the global air cooled heat exchanger market with a 54.48% share in 2021. The segment is also estimated to register the highest CAGR of 9.31% during the forecast period. The fan is placed at the top in the induced draft type air cooled heat exchanger equipment. This creates low pressure and possibly low horsepower requirement if the air is very hot. It has been found that the induced draft type of air cooled heat exchangers provides improved accessibility of fans than the vertical type of air cooled heat exchangers.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=65012

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐀𝐢𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐇𝐞𝐚𝐭 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

The global air cooled heat exchanger market is consolidated with a small number of large-scale vendors controlling the majority of the share. Most of the firms are investing significantly in comprehensive research and development (R&D) activities, primarily to develop environment-friendly equipment.
Companies are collaborating with technicians and engineers to innovate in designs for plate cooler heat exchanger & gas cooling heat exchanger. Efforts are being made to make design stainless steel air cooled heat exchangers that are being widely used for cooling heavy-duty industrial motors. Robust, cost-effective, and energy-efficient cooling tower designs are being developed by manufacturers for end-users in the HVAC industry.

Diversification of product portfolios and mergers and acquisitions (M&As) are important strategies adopted by key players. FBM Hudson Italiana S.p.A, SPX Cooling Technologies Inc., Baffles Cooling System, Jaycee Equipment Pvt Ltd., Thermal Transfer System Inc., Boldrocchi, SPG Dry Cooling, Alfa Laval, Delta T Heat Exchanger, Werner Sloken, Howden Group Holding, General Electric, and Paharpur Cooling Tower Ltd. are the prominent entities operating in this market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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