Exploring the Thriving Combi Cooler Market: Key Growth Factors, Ongoing Trends, Opportunities, and Leading Players in 2033

In 2022, it is projected that the market for combi coolers will be worth US$ 232 million. Combi cooler demand is anticipated to stay high during the assessment period. This is because the application is being used more frequently across a wider range of end-use sectors, bringing in US$ 348 million in 2033 and registering a CAGR of 3.8% from 2023 to 2033. In 2023, the market is anticipated to generate US$ 240 million.

Many of the world's top factories use screw compressors as an energy source. In the oil & gas, pharmaceutical, food & beverage, and automotive industries, screw compressors are widely used, which allows manufacturers to mass produce complex products and machinery at a faster rate. Thus, the market for combi coolers is expanding as a result of the rising demand for screw compressors.

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The use of a combi cooler eliminates the need for large, costly, and difficult-to-install condenser units. Additionally, combi coolers are in high demand since they require less installation effort indoors and outside.

"Increasing need for sustainable and economical solutions for heat exchangers within various end-use sectors such as the heavy machinery industry and energy & transmission are creating opportunities for growth in the market," says an FMI analyst.

Key Takeaways:

Based on power, the 250 to 400 Kw combi cooler segment will account for 33.5% of the total market share in 2022.
By material, sales of aluminum combi cooler will hold about 69.3% of the total market share.
In terms of end use, the oil & gas segment will create an absolute dollar opportunity worth US$ 16.7 Mn during the forecast period.
By 2032, Europe is expected to have the largest share in the global market, accounting for around 27% share.

Market Landscape

HAINZL INDUSTRIESYSTEME GmbH, Standard Radiators Pvt. Ltd., HYDAC INTERNATIONAL GmbH, EMMEGI Heat Exchangers Inc., ROTORCOMP VERDICHTER GmbH, G&M Radiator, ACP (Changzhou) Heat Exchanger Co., Ltd., KTR Systems GmbH, EMMEGI GmbH, Oesse Srl, Thermex Ltd, GDM Cooler Manufacturing Ltd, Dolphin Manufacturing LLC, Engendren Corporation, Horizon Enterprise, COMP AIR TREATMENT SYSTEM P. LTD. ,Wuxi Guanyun Heat Exchanger Co.,Ltd., and WUXI XINSHENG HEAT EXCHANGER TECHNOLOGY CO.,LTD are some of the key manufacturers of combi coolers.

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Key Segments Covered in Combi Cooler Market Analysis

By Power:

Upto 10 Kw
10 to 50 Kw
50 to 250 Kw
250 to 400 Kw
Above 400 Kw

By Material:

Aluminium
Copper
Brass
Others

By End Use:

Oil and Gas Industry
Chemical Industry
Energy and Transmission
Automotive and Aerospace
Mining and Material
Others Manufacturing Machineries

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East & Africa

Nandini Singh Sawlani
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.