Global Air-cooled Condenser Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Air-cooled Condenser market size was valued at US$ 1162 million in 2024 and is forecast to a readjusted size of USD 1596 million by 2031 with a CAGR of 3.7% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Air-cooled condenser is a heat exchange device that uses air in the environment to cool high-temperature gases and convert them into liquid or solid. It is usually used in steam turbines, air conditioning systems, refrigeration devices and other fields.
Analysis of market drivers
1. Water shortage and environmental policy promotion
Global water shortage: Air-cooled condensers do not require water and have become the first choice for water-scarce areas (such as the Middle East and parts of Africa), which is in line with the water-saving policy orientation. Environmental regulations are becoming stricter: Countries have tightened restrictions on industrial water discharge, prompting companies to turn to waterless cooling technology.
2. Increased demand for energy efficiency and emission reduction
Energy-saving and emission reduction goals: The demand for high-efficiency equipment in the industrial field has increased, driving the upgrading of condenser technology (such as optimizing tube bundle layout and using new fin materials). Impact of the carbon trading market: In order to reduce carbon emission costs, high-energy-consuming industries (such as electricity and chemicals) give priority to using more energy-efficient air cooling equipment.
3. Accelerated industrialization in emerging markets
Demand growth in Asia-Pacific and Latin America: With the acceleration of industrialization in India, Southeast Asia, Brazil and other regions, investment in industries such as electricity and chemicals has increased, driving the demand for condensers. Infrastructure expansion: The demand for high-efficiency cooling equipment in large projects such as power plants and petrochemical bases continues to rise.
4. Technological progress and cost optimization
Breakthrough in materials science: The application of corrosion-resistant alloys and high thermal conductivity materials improves product performance and extends service life. Manufacturing process innovation: 3D printing fins, modular design and other technologies reduce production costs and improve production efficiency.
5. Industry standardization and certification promotion
International standard unification: The promotion of standards such as ASME and API promotes product standardization and enhances market trust. Improved certification system: For example, Energy Star certification helps high-efficiency products enter the international market.
6. Maintenance cost advantage highlights
Long-term economic efficiency: Compared with water-cooled condensers, air-cooled equipment does not need to deal with scale and corrosion problems, and maintenance costs are reduced by about 30%-50%. Operation stability: Better performance in harsh environments (such as high salinity and highly polluted areas) and reduced downtime risks.
This report is a detailed and comprehensive analysis for global Air-cooled Condenser market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Air-cooled Condenser market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2020-2031
Global Air-cooled Condenser market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2020-2031
Global Air-cooled Condenser market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2020-2031
Global Air-cooled Condenser market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (US$/KW), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Air-cooled Condenser
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Air-cooled Condenser market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SPX Cooling Technologies, Baltimore Aircoil Company, Evapco, Inc., GEA Group, Alfa Laval, Johnson Controls International plc, Shouhang, Güntner Group, LU-VE Group, Hamon, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Air-cooled Condenser market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Dry Cooler
Wet Cooler
Market segment by Application
Power Plant
Chemical Plant
Others
Major players covered
SPX Cooling Technologies
Baltimore Aircoil Company
Evapco, Inc.
GEA Group
Alfa Laval
Johnson Controls International plc
Shouhang
Güntner Group
LU-VE Group
Hamon
Thermal Transfer Products
Carrier Global Corporation
EVAPCO
Enexio
Thermax
Shuangliang
Paharpur
HAC
Holtec
Kelvion
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Air-cooled Condenser product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Air-cooled Condenser, with price, sales quantity, revenue, and global market share of Air-cooled Condenser from 2020 to 2025.
Chapter 3, the Air-cooled Condenser competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Air-cooled Condenser breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Air-cooled Condenser market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Air-cooled Condenser.
Chapter 14 and 15, to describe Air-cooled Condenser sales channel, distributors, customers, research findings and conclusion.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Air-cooled condenser is a heat exchange device that uses air in the environment to cool high-temperature gases and convert them into liquid or solid. It is usually used in steam turbines, air conditioning systems, refrigeration devices and other fields.
Analysis of market drivers
1. Water shortage and environmental policy promotion
Global water shortage: Air-cooled condensers do not require water and have become the first choice for water-scarce areas (such as the Middle East and parts of Africa), which is in line with the water-saving policy orientation. Environmental regulations are becoming stricter: Countries have tightened restrictions on industrial water discharge, prompting companies to turn to waterless cooling technology.
2. Increased demand for energy efficiency and emission reduction
Energy-saving and emission reduction goals: The demand for high-efficiency equipment in the industrial field has increased, driving the upgrading of condenser technology (such as optimizing tube bundle layout and using new fin materials). Impact of the carbon trading market: In order to reduce carbon emission costs, high-energy-consuming industries (such as electricity and chemicals) give priority to using more energy-efficient air cooling equipment.
3. Accelerated industrialization in emerging markets
Demand growth in Asia-Pacific and Latin America: With the acceleration of industrialization in India, Southeast Asia, Brazil and other regions, investment in industries such as electricity and chemicals has increased, driving the demand for condensers. Infrastructure expansion: The demand for high-efficiency cooling equipment in large projects such as power plants and petrochemical bases continues to rise.
4. Technological progress and cost optimization
Breakthrough in materials science: The application of corrosion-resistant alloys and high thermal conductivity materials improves product performance and extends service life. Manufacturing process innovation: 3D printing fins, modular design and other technologies reduce production costs and improve production efficiency.
5. Industry standardization and certification promotion
International standard unification: The promotion of standards such as ASME and API promotes product standardization and enhances market trust. Improved certification system: For example, Energy Star certification helps high-efficiency products enter the international market.
6. Maintenance cost advantage highlights
Long-term economic efficiency: Compared with water-cooled condensers, air-cooled equipment does not need to deal with scale and corrosion problems, and maintenance costs are reduced by about 30%-50%. Operation stability: Better performance in harsh environments (such as high salinity and highly polluted areas) and reduced downtime risks.
This report is a detailed and comprehensive analysis for global Air-cooled Condenser market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Air-cooled Condenser market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2020-2031
Global Air-cooled Condenser market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2020-2031
Global Air-cooled Condenser market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2020-2031
Global Air-cooled Condenser market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (US$/KW), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Air-cooled Condenser
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Air-cooled Condenser market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SPX Cooling Technologies, Baltimore Aircoil Company, Evapco, Inc., GEA Group, Alfa Laval, Johnson Controls International plc, Shouhang, Güntner Group, LU-VE Group, Hamon, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Air-cooled Condenser market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Dry Cooler
Wet Cooler
Market segment by Application
Power Plant
Chemical Plant
Others
Major players covered
SPX Cooling Technologies
Baltimore Aircoil Company
Evapco, Inc.
GEA Group
Alfa Laval
Johnson Controls International plc
Shouhang
Güntner Group
LU-VE Group
Hamon
Thermal Transfer Products
Carrier Global Corporation
EVAPCO
Enexio
Thermax
Shuangliang
Paharpur
HAC
Holtec
Kelvion
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Air-cooled Condenser product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Air-cooled Condenser, with price, sales quantity, revenue, and global market share of Air-cooled Condenser from 2020 to 2025.
Chapter 3, the Air-cooled Condenser competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Air-cooled Condenser breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Air-cooled Condenser market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Air-cooled Condenser.
Chapter 14 and 15, to describe Air-cooled Condenser sales channel, distributors, customers, research findings and conclusion.
Table of Contents
140 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Air-cooled Condenser by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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