Scope of the Study
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
The market study is being classified by Type (Vertical Air Cooled Condenser, Horizontal Air Cooled Condenser, Inclined Air Cooled Condenser and Other), by Application (Energy Industry, Chemical Industry, Engineering and Metallurgy and Others) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Players which are also part of the research are Longhua Energy-saving (China).
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 predicts that China Players will contribute to the maximum growth of Global Air Cooled Condenser market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Air Cooled Condenser market by Type, Application and Region.
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). If we see Market by Material, the sub-segment i.e. Aluminum will boost the Air Cooled Condenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Number of power plants is likely to increase in worldwide.
- Rising Disposable Income along with Changing Life Style
Market Trend
- Technology advancement of Air Cooled Condenser Products
Restraints
- High Maintenance and Equipment Cost
Opportunities
- Rising Demand from Emerging Economics such as India, China and others
Challenges
- Lack of Awareness Regarding Air Cooled Condenser
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.
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
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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