The global demand for Air Cooled Condenser Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027.
An air-cooled condenser (ACC) is based on a direct dry cooling technology in which steam is condensed inside air-cooled fin tubes. The wind velocity also plays a significant role in the effectiveness of cooling. ACC is generally used to reduce exhaust steam from some of the larger steam turbines used in the energy sector. It is the universal standard used for heat rejection in geothermal power plants where water is scarce. ACCs are available in various designs and efficiencies. They are used in multiple commercial and industrial cooling applications, refrigerated display cabinets, temperature-controlled food preparation areas, including cold rooms, back-bar equipment, and air conditioning systems. The various benefits offered by dry cooling technology are low maintenance cost, less water consumption, longer shelf life, and lesser environmental impacts
The increased adoption of the versatile, flexible, and efficient dry cooling technology as a standard for power plant designs will be the critical trend moving this market forward. The mushrooming of new plants in various industrial sectors chemistry, oil and gas,climate and environment, marine applications, food and beverages, and transportation will boost the market growth. This market will witness an exponential growth in the coming years due to the diminishing water resources and increased water pollution concerns worldwide. The emerging trend of gas-fired combined-cycle power plants will be a market booster. The main restraints hurting this market's growth are higher capital costs and poor performance in hot summer weather.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of air cooled condenser.
The entire air cooled condenser market has been sub-categorized into type and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- ‘A’ Frame Condensers
- ‘V’ Frame Condensers
- Horizontal Condensers
- Power & Energy
- Engineering & Metallurgy
This section covers regional segmentation which accentuates on current and future demand for air cooled condenser market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Air Cooled Condenser Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the air cooled condenser market include Enexio Management GmbH, SPX Dry Cooling, Evapco, Inc., Hamon, Holtec International, Luoyang Longhua Heat Transfer & Energythailand, Beijing Shouhang Ihw Resources Saving Technology Co., Ltd., Evapco-Blct Dry Cooling, Inc., Shuangliang Clyde Bergemann GmbH. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.