The report on the Air-Cooled Heat Exchangers Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2027. The report also offers insights into different market segments and other factors affecting the market.

Report Forecast:

The air-cooled heat exchangers market is likely to rebound at a healthy CAGR of 5.5% during the forecast period to reach a value of US$ 4.3 Billion in 2027.

The air-cooled heat exchangers market depends on the organic growth of various end-use industries, such as petrochemical & chemical, power generation, HVAC & refrigeration, oil & gas, and food & beverages. The pandemic impacted the demand for air-cooled heat exchangers, with the market declining by more than 11.5% in 2020. However, the demand reached a plateau in 2021, owing to the resumption of major industries such as petrochemical & chemical, power generation, oil & gas, and HVAC, as well as increasing investment by major economies in manufacturing, commercial, and industrial projects. 

The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.

The growth curves of air-cooled heat exchangers market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the air-cooled heat exchangers market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the air-cooled heat exchangers market –

  • Alfa Laval AB
  • Kelvion Holdings GmbH
  • SPX Flow, Inc.
  • API Heat Transfer
  • Paharpur Cooling Towers Ltd.
  • Thermax Ltd.
  • THT Heat Transfer Technology, Inc.
  • Boldrocchi
  • Therofin
  • Shandong Lanxiang Environmental Technology Co., Ltd.

Air-Cooled Heat Exchangers Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.

The Air-Cooled Heat Exchangers market is segmented into the following categories.

End-Use Industry Type,

The market is segmented as oil & gas, petrochemical & chemical, food & beverages, power generation, HVAC & refrigeration, water & wastewater, pharmaceuticals, marine & shipbuilding, and others. Petrochemical & chemical, and power generation are estimated to be the dominant end-use industries during the forecast period. HVAC & refrigeration, as well as the oil & gas industries, are expected to create significant opportunities over the next five 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 petrochemical & chemical and power generation segments.

Regional Analysis

Asia-Pacific is expected to remain the largest air-cooled heat exchangers market during the forecast period. The region is also expected to be the fastest-growing market in the post-pandemic market developments. 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. Europe and North America are also expected to generate significant opportunities over the next five years.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

  • Company Profiling
  • Detailed profiling of key market players (up to 3 players)
  • SWOT analysis of key market players (up to 3 players)

To identify the key trends, or to get a customised report related to the study, connect with our sales team at:

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