空冷熱交換器市場 – 2029年までの世界予測

Air-cooled Heat Exchanger Market - Global Forecast To 2029

空冷熱交換器市場 - 構造、材質 (ステンレス鋼、炭素鋼)、タイプ (誘起通風、強制通風)、フィンの設計、容量、最終用途産業 (石油・ガス、発電、データセンター)、および地域 - 2029年までの世界予測
Air-Cooled Heat Exchanger Market by Structure, Material (Stainless Steel, Carbon Steel), Type (Induced Draft, Forced Draft), Fin Design, Capacity, End-Use Industry (Oil & Gas, Power Generation, Data Center), and Region - Global Forecast to 2029

商品番号 : SMB-67682

出版社MarketsandMarkets
出版年月2024年10月
ページ数212
図表数234
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

The air-cooled heat exchanger market is projected to reach USD 5.69 billion by 2029, at a CAGR of 7.5% from USD 3.96 billion in 2024.

空冷熱交換器市場は、2024年の39億6,000万米ドルからCAGR 7.5%で、2029年までに56億9,000万米ドルに達すると予測されています。

The rapid industrialization and urbanization in countries like China, India, and various Southeast Asian nations have led to a significant rise in energy consumption and a heightened need for efficient cooling solutions. This demand is further supported by the growth of key industries, including oil and gas, power generation, and chemical manufacturing, which depend on reliable heat exchange systems to enhance operational efficiency. Moreover, government initiatives aimed at promoting energy conservation and sustainable practices are encouraging investments in cutting-edge heat exchanger technologies. The region’s conducive climate, which requires effective cooling solutions, also plays a role in the increasing preference for air-cooled heat exchangers.

空冷熱交換器市場 - 2029年までの世界予測
air-cooled-heat-exchanger-market-Overview

“Based on structure, non-ducted is expected to be the second fastest growing market during the forecast period, in terms of value.”

Non-ducted air-cooled heat exchangers are experiencing rapid growth and are recognized as the second fastest-growing structure in the air-cooled heat exchanger market due to their inherent advantages and increasing applications across various industries. Their design eliminates the need for ductwork, which simplifies installation and reduces overall system costs. This type of heat exchanger is particularly appealing for applications where space is limited or where installation flexibility is paramount. Additionally, non-ducted systems provide efficient heat transfer with lower pressure drops, resulting in energy savings and improved performance.

Based on type, forced draft is expected to be the third fastest growing market during the forecast period, in terms of value.”

Forced draft air-cooled heat exchangers are identified as the third fastest-growing type in the air-cooled heat exchanger market due to their efficient cooling capabilities and versatility in various industrial applications. This type utilizes fans to push ambient air over the heat exchange surface, enhancing heat transfer efficiency and ensuring effective cooling even in high ambient temperatures. Their design allows for a compact footprint, making them suitable for space-constrained environments. The growing demand for energy-efficient solutions in sectors such as oil and gas, chemical processing, and power generation has propelled the adoption of forced draft systems, as they help reduce operational costs and improve energy savings. Moreover, advancements in fan technology and control systems have further optimized the performance of forced draft air-cooled heat exchangers, increasing their appeal.

Based on material, carbon steel is expected to be the third fastest growing market during the forecast period, in terms of value.”

Carbon steel air-cooled heat exchangers are emerging as the third fastest-growing material in the air-cooled heat exchanger market, primarily due to their favorable combination of strength, cost-effectiveness, and durability. Carbon steel offers excellent mechanical properties, making it suitable for a wide range of industrial applications where robust performance is essential. Its relatively low cost compared to other materials, such as stainless steel or titanium, makes it an attractive option for manufacturers seeking to optimize their budgets without compromising quality. Additionally, advancements in coating technologies have enhanced the corrosion resistance of carbon steel, enabling its use in more demanding environments, including those with harsh operating conditions. As industries increasingly focus on achieving a balance between performance and cost-efficiency, the demand for carbon steel air-cooled heat exchangers continues to rise, solidifying their position as a preferred choice in the market.

Based on capacity, 201-500 KW is expected to be the second fastest growing market during the forecast period, in terms of value.”

The growth of air-cooled heat exchangers in the 201-500 kW capacity range is driven by several interconnected factors that enhance their attractiveness across various industries. This capacity range is particularly well-suited for high-demand applications in sectors such as oil and gas, petrochemicals, and power generation, where efficient heat transfer is essential. Air-cooled heat exchangers are designed to operate effectively in high-temperature and high-pressure conditions, making them ideal for industries that require robust solutions to manage thermal loads efficiently.

“Based on end-use industry, power generation is the second fastest market during the forecast period, in terms of value.”

The power generation industry is the second fastest-growing end-use sector in the air-cooled heat exchanger market due to several compelling factors. One primary driver is the industry’s need for efficient thermal management solutions, particularly as power plants seek to enhance their operational efficiency and reduce environmental impact. Air-cooled heat exchangers are increasingly favored because they eliminate the need for water, making them particularly suitable for regions facing water scarcity or stringent regulations regarding water consumption. Additionally, as the energy landscape shifts towards renewable sources, such as solar and wind, power generation facilities require cooling solutions that can operate effectively under varying temperature and pressure conditions. The technological advancements in air-cooled heat exchangers have further improved their performance and reliability, allowing them to meet the demanding requirements of modern power generation systems.

“Based on region, Middle East & Africa is the second fastest growing market for air-cooled heat exchanger in 2023, in terms of value.”

The Middle East and Africa (MEA) region is the second fastest-growing area in the air-cooled heat exchanger market, driven by a combination of environmental and economic factors. The region’s climate, characterized by high temperatures and limited water resources, creates a pressing need for efficient cooling solutions that do not rely on water. As industries such as oil and gas, petrochemicals, and power generation expand in the MEA, the demand for air-cooled heat exchangers has surged due to their ability to operate effectively in harsh conditions while minimizing water usage. Additionally, increasing investments in infrastructure and energy projects, along with the region’s focus on sustainability and environmental regulations, are encouraging the adoption of air-cooled technologies.

空冷熱交換器市場 - 2029年までの世界予測 region
air-cooled-heat-exchanger-market-Region

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the air-cooled heat exchanger market, and information was gathered from secondary research to determine and verify the market size of several segments:

  • By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
  • By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
  • By Region: North America – 22%, Europe – 22%, APAC – 45% and RoW- 11%

The key players in this market are ALFA LAVAL (Sweden), Kelvion Holding GmbH (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Xylem (US), Exchanger Industries Limited (Canada), SPX Cooling Tech, LLC (US), SNT Energy Co., Ltd. (South Korea), Thermax Limited (India), Baker Hughes Company (US), Chart Industries (US), Armstrong International Inc. (US), and KNM Group Berhad (Malaysia).

空冷熱交換器市場 - 2029年までの世界予測 ecosystem
air-cooled-heat-exchanger-market-Ecosystem

Research Coverage

This report segments the air-cooled heat exchanger market based on structure, material, type, fin design, capacity, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the air-cooled heat exchanger market.

Key benefits of buying this report

This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the air-cooled heat exchanger market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing industrialization in emerging economies, Rising energy efficiency regulations and stringent emission standards, Growing demand due to cost-effective nature and operational advantages, Rising demand in HVAC, refining, and power generation industry), restraints (Fluctuation in raw material prices, High initial capital investment, Maintenance challenge for air-cooled heat exchanger), opportunities (Growing demand from data centers) and challenges (Noise generation from air-cooled heat exchanger, Competition from alternative technologies).
  • Market Penetration: Comprehensive information on the air-cooled heat exchanger market offered by top players in the global air-cooled heat exchanger market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the air-cooled heat exchanger market.
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for air-cooled heat exchanger market across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global air-cooled heat exchanger market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the air-cooled heat exchanger market

Table of Contents

1            INTRODUCTION            23

1.1         STUDY OBJECTIVES      23

1.2         MARKET DEFINITION   23

1.3         STUDY SCOPE  24

1.3.1      MARKETS COVERED AND REGIONAL SCOPE     24

1.3.2      INCLUSIONS AND EXCLUSIONS 25

1.3.3      YEARS CONSIDERED     25

1.4         CURRENCY CONSIDERED          26

1.5         UNIT CONSIDERED       26

1.6         STAKEHOLDERS            26

2            RESEARCH METHODOLOGY     27

2.1         RESEARCH DATA           27

2.1.1      SECONDARY DATA       28

2.1.1.1   Key data from secondary sources     28

2.1.2      PRIMARY DATA 28

2.1.2.1   Key data from primary sources         29

2.1.2.2   List of primary interview participants (demand and supply side)              29

2.1.2.3   Key industry insights          30

2.1.2.4   Breakdown of primary interviews     30

2.2         MARKET SIZE ESTIMATION       30

2.2.1      BOTTOM-UP APPROACH           31

2.2.2      TOP-DOWN APPROACH             31

2.3         FORECAST NUMBER CALCULATION     32

2.4         DATA TRIANGULATION             32

2.5         FACTOR ANALYSIS        33

2.6         RESEARCH ASSUMPTIONS         34

2.7         RESEARCH LIMITATIONS AND RISK ASSESSMENT          34

3            EXECUTIVE SUMMARY 35

4            PREMIUM INSIGHTS      39

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AIR-COOLED HEAT EXCHANGER MARKET  39

4.2         AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY           39

5            MARKET OVERVIEW     40

5.1         INTRODUCTION            40

5.2         MARKET DYNAMICS     40

5.2.1      DRIVERS            41

5.2.1.1   Increasing industrialization in emerging economies     41

5.2.1.2   Rising energy efficiency regulations and stringent emission standards      41

5.2.1.3   Cost-effectiveness and high operational efficiency       42

5.2.1.4   Rising demand in HVAC, refining, and power generation industries        42

5.2.2      RESTRAINTS     43

5.2.2.1   Fluctuations in raw materials prices 43

5.2.2.2   High initial capital investment         43

5.2.2.3   Maintenance challenge associated with air-cooled heat exchangers (ACHEs)              44

5.2.3      OPPORTUNITIES           44

5.2.3.1   Growing demand from data centers 44

5.2.4      CHALLENGES   45

5.2.4.1   High noise generation        45

5.2.4.2   Growing use of alternative technologies         45

5.3         PORTER’S FIVE FORCES ANALYSIS         46

5.3.1      THREAT OF SUBSTITUTES         47

5.3.2      BARGAINING POWER OF SUPPLIERS     47

5.3.3      THREAT OF NEW ENTRANTS    47

5.3.4      BARGAINING POWER OF BUYERS           48

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 48

5.4         KEY STAKEHOLDERS AND BUYING CRITERIA    48

5.4.1      KEY STAKEHOLDERS IN BUYING PROCESS         48

5.4.2      BUYING CRITERIA         49

5.5         MACROECONOMIC INDICATORS           50

5.5.1      GLOBAL GDP TRENDS 50

5.5.2      OIL & GAS STATISTICS  52

5.5.3      POWER GENERATION STATISTICS         53

6            INDUSTRY TRENDS       54

6.1         INTRODUCTION            54

6.2         VALUE CHAIN ANALYSIS            54

6.3         REGULATORY LANDSCAPE       55

6.3.1      REGULATIONS 55

6.3.1.1   North America     55

6.3.1.2   Europe  56

6.3.1.3   Asia Pacific          56

6.3.2      STANDARDS     56

6.3.2.1   ISO 13706:2011  56

6.3.2.2   ASME Performance Test Code (PTC)           57

6.3.2.3   American Petroleum Institute (API) Standard 661      57

6.3.2.4   EN 13445 Standard           57

6.3.3      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          57

6.4         TRADE ANALYSIS          59

6.4.1      IMPORT SCENARIO (HS CODE 841950)  59

6.4.2      EXPORT SCENARIO (HS CODE 841950)  60

6.5         ECOSYSTEM ANALYSIS 60

6.6         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       62

6.7         CASE STUDY ANALYSIS 63

6.7.1      SPG DRY COOLING PROVIDED SINGLE-ROW CONDENSER (SRC) AIR-COOLED CONDENSER (ACC) TECHNOLOGY TO AGE DENIZLI COMBINED CYCLE POWER PLANT TO MEET COOLING REQUIREMENTS WITHOUT WATER CONSUMPTION             63

6.7.2      ALFA LAVAL UPGRADED ACHE SYSTEM OF EUROPEAN FERTILIZER PLANT 63

6.7.3      BOLDROCCHI DESIGNED AND PRODUCED NINE HIGH-PERFORMANCE ACHES FOR COMPLEX OIL & GAS (O&G) PROJECT IN KAZAKHSTAN  64

6.7.4      DRY COOLERS, INC. PARTNERED WITH NRG ENERGY TO PROVIDE ROBUST SOLUTIONS FOR ACHES AT POWER PLANT     64

6.8         TECHNOLOGY ANALYSIS           64

6.8.1      KEY TECHNOLOGIES    65

6.8.1.1   Finned tube technology     65

6.8.1.2   Hybrid air-cooled heat exchangers (ACHEs) 65

6.8.2      COMPLEMENTARY TECHNOLOGIES     65

6.8.2.1   Phase change cooling (PCC) technology       65

6.9         KEY CONFERENCES AND EVENTS, 2024–2025     66

6.10       PATENT ANALYSIS        67

6.10.1    METHODOLOGY           67

6.10.2    DOCUMENT TYPES       67

6.10.3    PUBLICATION TRENDS IN LAST 10 YEARS          68

6.10.4    INSIGHTS          68

6.10.5    LEGAL STATUS OF PATENTS    68

6.10.6    JURISDICTION ANALYSIS           69

6.10.7    TOP APPLICANTS          69

6.11       PRICING ANALYSIS        70

6.11.1    AVERAGE SELLING PRICE TREND, BY REGION  70

6.11.2    INDICATIVE PRICING OF KEY PLAYERS, BY TYPE            71

6.12       INVESTMENT AND FUNDING SCENARIO            71

6.13       IMPACT OF GEN AI        72

7            AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE      73

7.1         INTRODUCTION            74

7.2         FORCED DRAFT             75

7.2.1      LOW MANUFACTURING AND MAINTENANCE COSTS TO DRIVE DEMAND           75

7.3         INDUCED DRAFT           76

7.3.1      CAPABILITY TO EFFECTIVELY HANDLE HIGH HEAT LOADS TO FUEL DEMAND           76

7.4         OTHER TYPES  76

8            AIR-COOLED HEAT EXCHANGER MARKET, BY STRUCTURE       77

8.1         INTRODUCTION            78

8.2         DUCTED            79

8.2.1      POTENTIAL TO ENHANCE HEAT TRANSFER EFFICIENCY THROUGH IMPROVED AIRFLOW MANAGEMENT TO FUEL DEMAND           79

8.3         NON-DUCTED  79

8.3.1      EASY INSTALLATION AND MAINTENANCE FEATURES TO DRIVE DEMAND           79

8.4         OTHER STRUCTURES   80

9            AIR-COOLED HEAT EXCHANGER MARKET, BY MATERIAL          81

9.1         INTRODUCTION            82

9.2         CARBON STEEL 83

9.2.1      COST-EFFECTIVENESS, DURABILITY, AND HIGH MECHANICAL STRENGTH TO DRIVE DEMAND             83

9.3         STAINLESS STEEL          84

9.3.1      CAPABILITY TO PROTECT ACHES AGAINST CORROSION AND OXIDATION AND INCREASING FOCUS ON SUSTAINABILITY AND ENHANCING ENERGY EFFICIENCY TO DRIVE DEMAND          84

9.4         OTHER MATERIALS      84

10          AIR-COOLED HEAT EXCHANGER MARKET, BY FIN DESIGN        85

10.1       INTRODUCTION            86

10.2       L FIN     87

10.2.1    CAPABILITY TO ENHANCE THERMAL PERFORMANCE BY MAXIMIZING SURFACE AREA TO DRIVE DEMAND      87

10.3       G FIN    88

10.3.1    RISING USE TO IMPROVE THERMAL EFFICIENCY AND PERFORMANCE ACROSS VARIOUS INDUSTRIAL APPLICATIONS TO FUEL MARKET GROWTH              88

10.4       EXTRUDED FIN 88

10.4.1    HIGH CORROSION RESISTANCE, ROBUSTNESS, AND ADAPTABLE FIN DESIGN TO DRIVE DEMAND     88

10.5       OTHER FIN DESIGNS     89

11          AIR-COOLED HEAT EXCHANGER MARKET, BY CAPACITY           90

11.1       INTRODUCTION            91

11.2       <10 KW CAPACITY         92

11.2.1    RISING USE FOR SMALL-SCALE APPLICATIONS IN OIL & GAS INDUSTRY TO DRIVE MARKET 92

11.3       11–50 KW CAPACITY      92

11.3.1    CAPABILITY TO OPERATE AT OPTIMAL TEMPERATURE AND PROVIDE EFFICIENT THERMAL MANAGEMENT FOR DATA CENTER APPLICATIONS TO FUEL DEMAND 92

11.4       51–200 KW CAPACITY    93

11.4.1    GROWING ADOPTION IN NATURAL GAS PROCESSING PLANTS WHERE PRECISE TEMPERATURE CONTROL IS ESSENTIAL FOR OPTIMAL PERFORMANCE TO PROPEL MARKET   93

11.5       201–500 KW CAPACITY  93

11.5.1    HIGH USE IN OIL & GAS REFINERIES AND LARGE IT INFRASTRUCTURES TO BOOST MARKET GROWTH  93

11.6       >500 KW CAPACITY       94

11.6.1    RISING DEMAND IN LARGE-SCALE INDUSTRIAL OPERATIONS FOR POWER GENERATION TO DRIVE MARKET         94

12          AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY              95

12.1       INTRODUCTION            96

12.2       OIL & GAS          97

12.2.1    EXTENSIVE USE IN OIL & GAS REFINERIES AND PROCESSING PLANTS TO DRIVE MARKET       97

12.3       POWER GENERATION   98

12.3.1    GROWING ADOPTION TO MANAGE THERMAL LOADS IN POWER PLANTS AND ENSURE EFFICIENT OPERATION AND RELIABILITY IN POWER GENERATION APPLICATIONS TO FUEL MARKET GROWTH        98

12.4       DATA CENTERS             98

12.4.1    INCREASING DEMAND FROM ENTERPRISE DATA CENTERS TO DRIVE MARKET            98

12.4.1.1 Enterprise data centers      98

12.4.1.2 Colocation data centers      99

12.4.1.3 Edge data centers 99

12.4.1.4 Micro data centers             99

12.4.1.5 Other data centers             99

12.5       OTHER END-USE INDUSTRIES  99

13          AIR-COOLED HEAT EXCHANGER MARKET, BY REGION 100

13.1       INTRODUCTION            101

13.2       NORTH AMERICA          102

13.2.1    US         105

13.2.1.1 Increasing demand from data centers to drive market  105

13.2.2    CANADA            107

13.2.2.1 Availability of vast natural resources to contribute to market growth        107

13.2.3    MEXICO             108

13.2.3.1 Rising population and power demand to drive market  108

13.3       EUROPE             109

13.3.1    GERMANY         113

13.3.1.1 Energy transition to drive market     113

13.3.2    FRANCE             114

13.3.2.1 Stringent regulations to achieve carbon neutrality to fuel market growth  114

13.3.3    UK         115

13.3.3.1 High emphasis on energy efficiency and sustainability in data center design to boost market growth          115

13.3.4    ITALY   116

13.3.4.1 Innovations in air-cooled heat exchanger design to drive market 116

13.3.5    SWITZERLAND 117

13.3.5.1 Increasing demand for efficient cooling solutions across various industries to drive market   117

13.3.6    SPAIN   118

13.3.6.1 Rising demand for sustainable cooling solutions to propel market            118

13.3.7    REST OF EUROPE           118

13.4       ASIA PACIFIC    119

13.4.1    CHINA  122

13.4.1.1 Rapid industrialization and expansion of various end-use industries to drive market   122

13.4.2    JAPAN  123

13.4.2.1 Booming food & beverage, construction, and nuclear power industries to propel market   123

13.4.3    INDIA   124

13.4.3.1 Rapid industrialization in energy and power generation industries to boost demand 124

13.4.4    SOUTH KOREA 125

13.4.4.1 Rising commercial construction to boost market growth             125

13.4.5    REST OF ASIA PACIFIC  126

13.5       MIDDLE EAST & AFRICA             127

13.5.1    SOUTH AFRICA 130

13.5.1.1 Rising industrial activities and booming mining, petrochemical, and power generation industries to drive market             130

13.5.2    GCC COUNTRIES           131

13.5.2.1 Saudi Arabia        131

13.5.2.1.1            Rising commercial construction activities and HVAC industry to drive market   131

13.5.2.2 Rest of GCC Countries      132

13.5.3    REST OF MIDDLE EAST & AFRICA           133

13.6       SOUTH AMERICA           134

13.6.1    BRAZIL 136

13.6.1.1 Presence of large oil & gas reserves to drive demand    136

13.6.2    ARGENTINA      137

13.6.2.1 Expanding energy infrastructure to drive market          137

13.6.3    REST OF SOUTH AMERICA         138

14          COMPETITIVE LANDSCAPE       140

14.1       OVERVIEW        140

14.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          140

14.3       REVENUE ANALYSIS      142

14.4       MARKET SHARE ANALYSIS         143

14.4.1    ALFA LAVAL     144

14.4.2    KAWASAKI HEAVY INDUSTRIES, LTD.   144

14.4.3    CHART INDUSTRIES      144

14.4.4    BAKER HUGHES COMPANY       144

14.4.5    SPX COOLING TECH, LLC          144

14.5       COMPANY VALUATION AND FINANCIAL METRICS        145

14.6       BRAND/PRODUCT COMPARISON ANALYSIS      146

14.6.1    ALFA LAVAL ACE MODEL C       146

14.6.2    KELVION CMX  146

14.6.3    FANEX SERIES   147

14.6.4    AIR-X-CHANGERS MODEL EH   147

14.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   147

14.7.1    STARS  147

14.7.2    EMERGING LEADERS    147

14.7.3    PERVASIVE PLAYERS     147

14.7.4    PARTICIPANTS 147

14.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      149

14.7.5.1 Company footprint            149

14.7.5.2 Structure footprint             150

14.7.5.3 Material footprint 151

14.7.5.4 Type footprint     152

14.7.5.5 Fin design footprint           153

14.7.5.6 Capacity footprint              154

14.7.5.7 End-use industry footprint 155

14.7.5.8 Region footprint  156

14.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          157

14.8.1    PROGRESSIVE COMPANIES       157

14.8.2    RESPONSIVE COMPANIES          157

14.8.3    DYNAMIC COMPANIES 157

14.8.4    STARTING BLOCKS       157

14.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             158

14.8.5.1 Detailed list of key startups/SMEs   158

14.8.5.2 Competitive benchmarking of startups/SMEs 160

14.9       COMPETITIVE SCENARIO          160

14.9.1    PRODUCT LAUNCHES  161

14.9.2    DEALS  162

14.9.3    EXPANSIONS    164

15          COMPANY PROFILES    165

15.1       KEY PLAYERS   165

15.1.1    ALFA LAVAL     165

15.1.1.1 Business overview 165

15.1.1.2 Products/Solutions/Services offered 166

15.1.1.3 Recent developments         169

15.1.1.3.1            Product launches 169

15.1.1.3.2            Deals     169

15.1.1.3.3            Expansions          170

15.1.1.4 MnM view           170

15.1.1.4.1            Key strengths/Right to win 170

15.1.1.4.2            Strategic choices  170

15.1.1.4.3            Weaknesses/Competitive threats     170

15.1.2    KELVION HOLDING GMBH        171

15.1.2.1 Business overview 171

15.1.2.2 Products/Solutions/Services offered 171

15.1.2.3 Recent developments         173

15.1.2.3.1            Product launches 173

15.1.2.3.2            Deals     174

15.1.2.3.3            Expansions          174

15.1.2.4 MnM view           175

15.1.2.4.1            Key strengths/Right to win 175

15.1.2.4.2            Strategic choices  175

15.1.2.4.3            Weaknesses/Competitive threats     175

15.1.3    KAWASAKI HEAVY INDUSTRIES, LTD.   176

15.1.3.1 Business overview 176

15.1.3.2 Products/Solutions/Services offered 177

15.1.3.3 MnM view           177

15.1.3.3.1            Key strengths/Right to win 177

15.1.3.3.2            Strategic choices  177

15.1.3.3.3            Weaknesses/Competitive threats     177

15.1.4    XYLEM 178

15.1.4.1 Business overview 178

15.1.4.2 Products/Solutions/Services offered 179

15.1.4.3 MnM view           180

15.1.4.3.1            Key strengths/Right to win 180

15.1.4.3.2            Strategic choices  180

15.1.4.3.3            Weaknesses/Competitive threats     180

15.1.5    CHART INDUSTRIES      181

15.1.5.1 Business overview 181

15.1.5.2 Products/Solutions/Services offered 182

15.1.5.3 Recent developments         183

15.1.5.3.1            Deals     183

15.1.5.4 MnM view           184

15.1.5.4.1            Key strengths/Right to win 184

15.1.5.4.2            Strategic choices  184

15.1.5.4.3            Weaknesses/Competitive threats     184

15.1.6    EXCHANGER INDUSTRIES LIMITED       185

15.1.6.1 Business overview 185

15.1.6.2 Products/Solutions/Services offered 185

15.1.6.3 Recent developments         186

15.1.6.3.1            Deals     186

15.1.6.4 MnM view           186

15.1.7    SPX COOLING TECH, LLC          187

15.1.7.1 Business overview 187

15.1.7.2 Products/Solutions/Services offered 188

15.1.7.3 Recent developments         188

15.1.7.3.1            Deals     188

15.1.7.3.2            Expansions          188

15.1.7.4 MnM view           188

15.1.8    SNT ENERGY CO., LTD. 189

15.1.8.1 Business overview 189

15.1.8.2 Products/Solutions/Services offered 189

15.1.8.3 Recent developments         189

15.1.8.4 MnM view           190

15.1.9    THERMAX LIMITED      191

15.1.9.1 Business overview 191

15.1.9.2 Products/Solutions/Services offered 192

15.1.9.3 MnM view           193

15.1.10  BAKER HUGHES COMPANY       194

15.1.10.1             Business overview 194

15.1.10.2             Products/Solutions/Services offered 195

15.1.10.3             MnM view           195

15.2       OTHER PLAYERS           196

15.2.1    SPG DRY COOLING       196

15.2.2    BOLDROCCHI  196

15.2.3    UNITED HEAT TRANSFER          197

15.2.4    DELTA T HEAT EXCHANGERS   197

15.2.5    DRY COOLERS, INC.      198

15.2.6    FUNKEWÄRMETAUSCHER APPARATEBAU GMBH           198

15.2.7    SPIRO-GILLS THERMAL PRODUCTS LTD            199

15.2.8    VIKRANT HEAT EXCHANGERS PVT. LTD.           199

15.2.9    ADVANCED COIL TECHNOLOGY, LLC  200

15.2.10  ARMSTRONG INTERNATIONAL INC.      200

15.2.11  KNM GROUP BERHAD  201

15.2.12  EXACT EXCHANGER INCORPORATED   201

15.2.13  BAFFLES COOLING SYSTEMS    202

15.2.14  FINTHERM        202

15.2.15  ALLIED HEAT TRANSFER           203

16          APPENDIX         204

16.1       DISCUSSION GUIDE      204

16.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             208

16.3       CUSTOMIZATION OPTIONS      210

16.4       RELATED REPORTS       210

16.5       AUTHOR DETAILS         211

LIST OF TABLES

TABLE 1             MAJOR FACTORS DRIVING ACHE ADOPTION IN EMERGING COUNTRIES      41

TABLE 2             REGULATIONS RELATED TO AIR-COOLED HEAT EXCHANGERS (ACHES) 42

TABLE 3             AIR-COOLED HEAT EXCHANGER MARKET: PORTER’S FIVE FORCES ANALYSIS         46

TABLE 4             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%)            49

TABLE 5             KEY BUYING CRITERIA, BY END-USE INDUSTRY             49

TABLE 6             TRENDS OF PER CAPITA GDP, BY COUNTRY, 2020–2023 (USD)              50

TABLE 7             GDP GROWTH ESTIMATE AND PROJECTION, BY KEY COUNTRY, 2024–2027 (USD)       51

TABLE 8             OIL PRODUCTION, BY COUNTRY, 2021–2023 (THOUSAND BARRELS DAY) 52

TABLE 9             POWER GENERATED IN KEY COUNTRIES, 2019–2022 (TERAWATT HOUR [TWH])       53

TABLE 10           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         58

TABLE 11           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         58

TABLE 12           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 58

TABLE 13           ROLES OF COMPANIES IN AIR-COOLED HEAT EXCHANGER ECOSYSTEM     61

TABLE 14           AIR-COOLED HEAT EXCHANGER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025             66

TABLE 15           TOP 10 PATENT OWNERS DURING LAST TWELVE YEARS, 2013–2023      70

TABLE 16           AVERAGE SELLING PRICE TREND OF ACHES, BY REGION, 2021–2024 (USD/UNIT)           71

TABLE 17           INDICATIVE PRICING OF ACHES OFFERED BY KEY PLAYERS, BY TYPE,

2023 (USD/UNIT)           71

TABLE 18           AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE, 2021–2023 (USD MILLION) 74

TABLE 19           AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE, 2024–2029 (USD MILLION) 75

TABLE 20           AIR-COOLED HEAT EXCHANGER MARKET, BY STRUCTURE,

2021–2023 (USD MILLION)          78

TABLE 21           AIR-COOLED HEAT EXCHANGER MARKET, BY STRUCTURE,

2024–2029 (USD MILLION)          79

TABLE 22           AIR-COOLED HEAT EXCHANGER MARKET, BY MATERIAL,

2021–2023 (USD MILLION)          82

TABLE 23           AIR-COOLED HEAT EXCHANGER MARKET, BY MATERIAL,

2024–2029 (USD MILLION)          83

TABLE 24           AIR-COOLED HEAT EXCHANGER MARKET, BY FIN DESIGN,

2021–2023 (USD MILLION)          86

TABLE 25           AIR-COOLED HEAT EXCHANGER MARKET, BY FIN DESIGN,

2024–2029 (USD MILLION)          87

TABLE 26           AIR-COOLED HEAT EXCHANGER MARKET, BY CAPACITY,

2021–2023 (USD MILLION)          91

TABLE 27           AIR-COOLED HEAT EXCHANGER MARKET, BY CAPACITY,

2024–2029 (USD MILLION)          92

TABLE 28           AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          96

TABLE 29           AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          97

TABLE 30           AIR-COOLED HEAT EXCHANGER MARKET, BY REGION, 2021–2023 (USD MILLION)     101

TABLE 31           AIR-COOLED HEAT EXCHANGER MARKET, BY REGION, 2024–2029 (USD MILLION)     102

TABLE 32           AIR-COOLED HEAT EXCHANGER MARKET, BY REGION,

2021–2023 (THOUSAND UNITS) 102

TABLE 33           AIR-COOLED HEAT EXCHANGER MARKET, BY REGION,

2024–2029 (THOUSAND UNITS) 102

TABLE 34           NORTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)          103

TABLE 35           NORTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          104

TABLE 36           NORTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS) 104

TABLE 37           NORTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS) 104

TABLE 38           NORTH AMERICA: HEAT EXCHANGER MARKET, BY TYPE,

2021–2023 (USD MILLION)          104

TABLE 39           NORTH AMERICA: HEAT EXCHANGER MARKET, BY TYPE,

2024–2029 (USD MILLION)          105

TABLE 40           NORTH AMERICA: HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          105

TABLE 41           NORTH AMERICA: HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          105

TABLE 42           US: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          106

TABLE 43           US: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          106

TABLE 44           CANADA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          107

TABLE 45           CANADA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          107

TABLE 46           MEXICO: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          108

TABLE 47           MEXICO: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          109

TABLE 48           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)          110

TABLE 49           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          111

TABLE 50           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS) 111

TABLE 51           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS) 111

TABLE 52           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,

2021–2023 (USD MILLION)          112

TABLE 53           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,

2024–2029 (USD MILLION)          112

TABLE 54           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          112

TABLE 55           EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          112

TABLE 56           GERMANY: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)      113

TABLE 57           GERMANY: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)      113

TABLE 58           FRANCE: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          114

TABLE 59           FRANCE: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          114

TABLE 60           UK: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          115

TABLE 61           UK: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          115

TABLE 62           ITALY: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          116

TABLE 63           ITALY: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          116

TABLE 64           SWITZERLAND: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)           117

TABLE 65           SWITZERLAND: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           117

TABLE 66           SPAIN: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          118

TABLE 67           SPAIN: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          118

TABLE 68           REST OF EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)     119

TABLE 69           REST OF EUROPE: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)     119

TABLE 70           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)          120

TABLE 71           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          120

TABLE 72           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS) 120

TABLE 73           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS) 121

TABLE 74           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,

2021–2023 (USD MILLION)          121

TABLE 75           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,

2024–2029 (USD MILLION)          121

TABLE 76           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)           122

TABLE 77           ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           122

TABLE 78           CHINA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          123

TABLE 79           CHINA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          123

TABLE 80           JAPAN: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          124

TABLE 81           JAPAN: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          124

TABLE 82           INDIA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          125

TABLE 83           INDIA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          125

TABLE 84           SOUTH KOREA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)           126

TABLE 85           SOUTH KOREA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           126

TABLE 86           REST OF ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)     127

TABLE 87           REST OF ASIA PACIFIC: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)     127

TABLE 88           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,  2021–2023 (USD MILLION)      128

TABLE 89           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,  2024–2029 (USD MILLION)      128

TABLE 90           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,  2021–2023 (THOUSAND UNIT)             128

TABLE 91           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,  2024–2029 (THOUSAND UNIT)             129

TABLE 92           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,  2021–2023 (USD MILLION) 129

TABLE 93           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,  2024–2029 (USD MILLION) 129

TABLE 94           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)     129

TABLE 95           MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)     130

TABLE 96           SOUTH AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)           130

TABLE 97           SOUTH AFRICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           130

TABLE 98           GCC COUNTRIES: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)        131

TABLE 99           GCC COUNTRIES: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)        131

TABLE 100         SAUDI ARABIA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)           132

TABLE 101         SAUDI ARABIA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           132

TABLE 102         OTHER GCC COUNTRIES: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)     133

TABLE 103         OTHER GCC COUNTRIES: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)     133

TABLE 104         REST OF MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET,

BY END-USE INDUSTRY, 2021–2023 (USD MILLION)        133

TABLE 105         REST OF MIDDLE EAST & AFRICA: AIR-COOLED HEAT EXCHANGER MARKET,

BY END-USE INDUSTRY, 2024–2029 (USD MILLION)        134

TABLE 106         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)          134

TABLE 107         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          134

TABLE 108         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS) 135

TABLE 109         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS) 135

TABLE 110         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,

2021–2023 (USD MILLION)          135

TABLE 111         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY TYPE,

2024–2029 (USD MILLION)          135

TABLE 112         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)     136

TABLE 113         SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)     136

TABLE 114         BRAZIL: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)          137

TABLE 115         BRAZIL: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,

2024–2029 (USD MILLION)          137

TABLE 116         ARGENTINA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2021–2023 (USD MILLION)           138

TABLE 117         ARGENTINA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           138

TABLE 118         REST OF SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)     138

TABLE 119         REST OF SOUTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION)     139

TABLE 120         AIR-COOLED HEAT EXCHANGER MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2024 140

TABLE 121         AIR-COOLED HEAT EXCHANGER MARKET: DEGREE OF COMPETITION, 2023     143

TABLE 122         AIR-COOLED HEAT EXCHANGER MARKET: STRUCTURE FOOTPRINT      150

TABLE 123         AIR-COOLED HEAT EXCHANGER MARKET: MATERIAL FOOTPRINT      151

TABLE 124         AIR-COOLED HEAT EXCHANGER MARKET: TYPE FOOTPRINT              152

TABLE 125         AIR-COOLED HEAT EXCHANGER MARKET: FIN DESIGN FOOTPRINT      153

TABLE 126         AIR-COOLED HEAT EXCHANGER MARKET: CAPACITY FOOTPRINT      154

TABLE 127         AIR-COOLED HEAT EXCHANGER MARKET: END-USE INDUSTRY FOOTPRINT 155

TABLE 128         AIR-COOLED HEAT EXCHANGER MARKET: REGION FOOTPRINT      156

TABLE 129         AIR-COOLED HEAT EXCHANGER MARKET: DETAILED LIST OF KEY STARTUPS/SMES   158

TABLE 130         AIR-COOLED HEAT EXCHANGER MARKET: PRODUCT LAUNCHES,

JANUARY 2020–APRIL 2024         161

TABLE 131         AIR-COOLED HEAT EXCHANGER MARKET: DEALS, JANUARY 2020–APRIL 2024             162

TABLE 132         AIR-COOLED HEAT EXCHANGER MARKET: EXPANSIONS,

JANUARY 2020–APRIL 2024         164

TABLE 133         ALFA LAVAL: COMPANY OVERVIEW      165

TABLE 134         ALFA LAVAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED              166

TABLE 135         ALFA LAVAL: PRODUCT LAUNCHES      169

TABLE 136         ALFA LAVAL: DEALS     169

TABLE 137         ALFA LAVAL: EXPANSIONS        170

TABLE 138         KELVION HOLDING GMBH: COMPANY OVERVIEW        171

TABLE 139         KELVION HOLDING GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED   171

TABLE 140         KELVION HOLDING GMBH: PRODUCT LAUNCHES        173

TABLE 141         KELVION HOLDING GMBH: DEALS        174

TABLE 142         KELVION HOLDING GMBH: EXPANSIONS           174

TABLE 143         KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW              176

TABLE 144         KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   177

TABLE 145         XYLEM: COMPANY OVERVIEW  178

TABLE 146         XYLEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED   179

TABLE 147         CHART INDUSTRIES: COMPANY OVERVIEW      181

TABLE 148         CHART INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          182

TABLE 149         CHART INDUSTRIES: DEALS      183

TABLE 150         EXCHANGER INDUSTRIES LIMITED: COMPANY OVERVIEW              185

TABLE 151         EXCHANGER INDUSTRIES LIMITED: PRODUCT OFFERINGS              185

TABLE 152         EXCHANGERS INDUSTRIES LIMITED: DEALS     186

TABLE 153         SPX COOLING TECH, LLC: COMPANY OVERVIEW           187

TABLE 154         SPX COOLING TECH, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          188

TABLE 155         SPX COOLING TECH, LLC: DEALS          188

TABLE 156         SPX COOLING TECH, LLC: EXPANSIONS             188

TABLE 157         SNT ENERGY CO., LTD.: COMPANY OVERVIEW 189

TABLE 158         SNT ENERGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          189

TABLE 159         SNT ENERGY CO., LTD.: DEALS 189

TABLE 160         THERMAX LIMITED: COMPANY OVERVIEW       191

TABLE 161         THERMAX LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED          192

TABLE 162         BAKER HUGHES COMPANY: COMPANY OVERVIEW        194

TABLE 163         BAKER HUGHES COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   195

TABLE 164         SPG DRY COOLING: COMPANY OVERVIEW        196

TABLE 165         BOLDROCCHI: COMPANY OVERVIEW   196

TABLE 166         UNITED HEAT TRANSFER: COMPANY OVERVIEW           197

TABLE 167         DELTA T HEAT EXCHANGERS: COMPANY OVERVIEW    197

TABLE 168         DRY COOLERS, INC.: COMPANY OVERVIEW       198

TABLE 169         FUNKEWÄRMETAUSCHER APPARATEBAU GMBH: COMPANY OVERVIEW        198

TABLE 170         SPIRO-GILLS THERMAL PRODUCTS LTD: COMPANY OVERVIEW        199

TABLE 171         VIKRANT HEAT EXCHANGERS PVT. LTD.: COMPANY OVERVIEW        199

TABLE 172         ADVANCED COIL TECHNOLOGY, LLC: COMPANY OVERVIEW              200

TABLE 173         ARMSTRONG INTERNATIONAL INC.: COMPANY OVERVIEW              200

TABLE 174         KNM GROUP BERHAD: COMPANY OVERVIEW   201

TABLE 175         EXACT EXCHANGER INCORPORATED: COMPANY OVERVIEW              201

TABLE 176         BAFFLES COOLING SYSTEMS: COMPANY OVERVIEW     202

TABLE 177         FINTHERM: COMPANY OVERVIEW         202

TABLE 178         ALLIED HEAT TRANSFER: COMPANY OVERVIEW            203

LIST OF FIGURES

FIGURE 1           AIR-COOLED HEAT EXCHANGER MARKET SEGMENTATION AND REGIONAL SCOPE 24

FIGURE 2           AIR-COOLED HEAT EXCHANGER MARKET: RESEARCH DESIGN              27

FIGURE 3           AIR-COOLED HEAT EXCHANGER MARKET: BOTTOM-UP APPROACH       31

FIGURE 4           AIR-COOLED HEAT EXCHANGER MARKET: TOP-DOWN APPROACH       31

FIGURE 5           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    32

FIGURE 6           DEMAND-SIDE FORECAST PROJECTIONS           32

FIGURE 7           AIR-COOLED HEAT EXCHANGER MARKET: DATA TRIANGULATION          33

FIGURE 8           FORCED DRAFT SEGMENT TO HOLD LARGEST SHARE OF AIR-COOLED HEAT EXCHANGER MARKET IN 2029   35

FIGURE 9           CARBON STEEL SEGMENT TO HOLD LARGEST SHARE OF AIR-COOLED HEAT EXCHANGER MARKET IN 2029   36

FIGURE 10         G FIN SEGMENT TO HOLD LARGEST SHARE OF AIR-COOLED HEAT EXCHANGER MARKET IN 2029      36

FIGURE 11         50–200 KW SEGMENT TO HOLD LARGEST SHARE OF AIR-COOLED HEAT EXCHANGER MARKET IN 2029   37

FIGURE 12         OIL & GAS SEGMENT TO HOLD LARGEST SHARE OF AIR-COOLED HEAT EXCHANGER MARKET IN 2029   37

FIGURE 13         ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR AIR-COOLED HEAT EXCHANGERS DURING FORECAST PERIOD        38

FIGURE 14         RISING DEMAND FOR ACHES FROM POWER INDUSTRY IN ASIA PACIFIC TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS              39

FIGURE 15         INDIA TO REGISTER HIGHEST CAGR IN AIR-COOLED HEAT EXCHANGER MARKET DURING FORECAST PERIOD       39

FIGURE 16         AIR-COOLED HEAT EXCHANGER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       40

FIGURE 17         AIR-COOLED HEAT EXCHANGER MARKET: PORTER’S FIVE FORCES ANALYSIS         46

FIGURE 18         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY     48

FIGURE 19         KEY BUYING CRITERIA, BY END-USE INDUSTRY             49

FIGURE 20         AIR-COOLED HEAT EXCHANGER MARKET: VALUE CHAIN ANALYSIS          54

FIGURE 21         IMPORT DATA RELATED TO HS CODE 841950-COMPLIANT PRODUCTS, KEY COUNTRY, 2019–2023 (USD MILLION) 59

FIGURE 22         EXPORT DATA RELATED TO HS CODE 841950-COMPLIANT PRODUCTS, KEY COUNTRY, 2019–2023 (USD MILLION) 60

FIGURE 23         AIR-COOLED HEAT EXCHANGER MARKET: ECOSYSTEM ANALYSIS          61

FIGURE 24         TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS              62

FIGURE 25         AIR-COOLED HEAT EXCHANGER MARKET: GRANTED PATENTS           67

FIGURE 26         NUMBER OF PATENTS PER YEAR, 2013–2023      68

FIGURE 27         LEGAL STATUS OF PATENTS, 2013–2023 68

FIGURE 28         TOP JURISDICTION, BY DOCUMENT, 2013-2023 69

FIGURE 29         TOP 10 PATENT APPLICANTS, 2013–2023            69

FIGURE 30         AVERAGE SELLING PRICE TREND OF ACHES, BY REGION,  2021–2024 (USD/UNIT)  70

FIGURE 31         AIR-COOLED HEAT EXCHANGER MARKET: INVESTMENT AND FUNDING SCENARIO, 2019–2023 (USD MILLION)             71

FIGURE 32         FORCED DRAFT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 74

FIGURE 33         DUCTED SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024  78

FIGURE 34         CARBON STEEL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 82

FIGURE 35         G FIN SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 86

FIGURE 36         51–200 KW SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024  91

FIGURE 37         OIL & GAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024  96

FIGURE 38         INDIA TO BE FASTEST-GROWING MARKET FOR AIR-COOLED HEAT EXCHANGERS DURING FORECAST PERIOD          101

FIGURE 39         NORTH AMERICA: AIR-COOLED HEAT EXCHANGER MARKET SNAPSHOT        103

FIGURE 40         EUROPE: AIR-COOLED HEAT EXCHANGER MARKET SNAPSHOT        110

FIGURE 41         AIR-COOLED HEAT EXCHANGER MARKET: REVENUE ANALYSIS OF KEY COMPANIES, 2021–2023          142

FIGURE 42         AIR-COOLED HEAT EXCHANGER MARKET SHARE ANALYSIS, 2023      143

FIGURE 43         AIR-COOLED HEAT EXCHANGER MARKET: COMPANY VALUATION OF LEADING COMPANIES, 2023     145

FIGURE 44         AIR-COOLED HEAT EXCHANGER MARKET: FINANCIAL METRICS OF LEADING COMPANIES, 2023           145

FIGURE 45         AIR-COOLED HEAT EXCHANGER MARKET: BRAND/PRODUCT COMPARISON   146

FIGURE 46         AIR-COOLED HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023     148

FIGURE 47         AIR-COOLED HEAT EXCHANGER MARKET: COMPANY FOOTPRINT      149

FIGURE 48         AIR-COOLED HEAT EXCHANGER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 158

FIGURE 49         AIR-COOLED HEAT EXCHANGER MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES  160

FIGURE 50         ALFA LAVAL: COMPANY SNAPSHOT      166

FIGURE 51         KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT              176

FIGURE 52         XYLEM: COMPANY SNAPSHOT 179

FIGURE 53         CHART INDUSTRIES: COMPANY SNAPSHOT      181

FIGURE 54         SPX TECHNOLOGIES: COMPANY SNAPSHOT     187

FIGURE 55         THERMAX LIMITED: COMPANY SNAPSHOT       192

FIGURE 56         BAKER HUGHES COMPANY: COMPANY SNAPSHOT        194