2026 Global: Air Cooled Condenser-Competitive Review (2032) report
Description
The 2026 Global: Air Cooled Condenser-Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for air cooled condenser by geography and historical trend. The scope of the report extends to sizing of the air cooled condenser market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
EVAPCO, Holtec, SPG Dry Cooling, SPX Cooling Technologies, Shuangliang Group, Tianrui Group, Modine, Hamon, Thermax, and Enexio (GHH-BONN/formerly part of Atlas Copco) are widely recognized among the leading suppliers of air-cooled condenser (ACC) systems and air-cooled heat exchangers for power generation, industrial and utility applications; EVAPCO highlights dedicated dry-cooling divisions and full-scale ACC testing facilities supporting large power projects, Holtec promotes patented modular ACC designs (HI‑MAX/HI‑KOOL) with emphasis on water conservation and modular installation, and SPG Dry Cooling markets itself as a global ACC specialist for power generation and industrial markets. SPX Cooling Technologies and Enexio appear frequently in market reports and industry analyses as major players offering large-scale ACC solutions and components for thermal power plants and industrial facilities, while Chinese manufacturers such as Shuangliang and Tianrui are cited in multiple market studies for their strong regional presence, vertically integrated fabrication and competitive supply to Asia Pacific projects. Modine and Thermax bring long histories in thermal management and engineered heat-exchange equipment for industrial and power applications, with Modine supplying packaged ACC units and Thermax active in utility- and plant-scale cooling solutions cited by market research.
These companies differentiate through product architecture, engineering services, and project execution capabilities: EVAPCO emphasizes research‑driven heat‑exchanger development and a proprietary Advanced Technology™ ACC tested in purpose-built labs for phenomena like freezing and flow-accelerated corrosion, Holtec advances modular, pre‑assembled tube‑bundle cells to reduce site construction and enable parallel condensing arrangements, and SPG and SPX leverage large-project experience and aftermarket service networks to support utility-scale installations and retrofits. Chinese OEMs including Shuangliang and Tianrui compete on cost, rapid delivery and integration with domestic EPC firms, often supplying A‑frame and V‑frame ACC configurations that dominate global demand. Modine, Thermax and Enexio focus on engineering robustness and adaptation to varied refrigerants and ambient conditions, offering packaged and custom coil/bundle designs together with fans, drives and control systems to meet plant performance and environmental objectives.
Market positioning and recent trends emphasize water‑saving dry cooling, modular construction, efficiency improvements and service offerings: industry reports list EVAPCO, Holtec, SPG, SPX, Shouhang (Shouhang High‑Tech Energy), Shuangliang, Tianrui, Hamon, Thermax and others as key competitors shaping regional shares and technology direction in the ACC market. Customers selecting among these suppliers typically evaluate demonstrated utility or combined‑cycle projects, available full‑scale testing or validated performance data, erection and balance‑of‑plant capabilities, local fabrication and service footprint, and lifecycle cost including energy use and maintenance; several leading vendors now present proprietary tube/finned bundle geometries, anti‑corrosion materials and digital monitoring to improve seasonal and high‑ambient performance while minimizing water consumption in water‑scarce regions.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for air cooled condenser by geography and historical trend. The scope of the report extends to sizing of the air cooled condenser market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
EVAPCO, Holtec, SPG Dry Cooling, SPX Cooling Technologies, Shuangliang Group, Tianrui Group, Modine, Hamon, Thermax, and Enexio (GHH-BONN/formerly part of Atlas Copco) are widely recognized among the leading suppliers of air-cooled condenser (ACC) systems and air-cooled heat exchangers for power generation, industrial and utility applications; EVAPCO highlights dedicated dry-cooling divisions and full-scale ACC testing facilities supporting large power projects, Holtec promotes patented modular ACC designs (HI‑MAX/HI‑KOOL) with emphasis on water conservation and modular installation, and SPG Dry Cooling markets itself as a global ACC specialist for power generation and industrial markets. SPX Cooling Technologies and Enexio appear frequently in market reports and industry analyses as major players offering large-scale ACC solutions and components for thermal power plants and industrial facilities, while Chinese manufacturers such as Shuangliang and Tianrui are cited in multiple market studies for their strong regional presence, vertically integrated fabrication and competitive supply to Asia Pacific projects. Modine and Thermax bring long histories in thermal management and engineered heat-exchange equipment for industrial and power applications, with Modine supplying packaged ACC units and Thermax active in utility- and plant-scale cooling solutions cited by market research.
These companies differentiate through product architecture, engineering services, and project execution capabilities: EVAPCO emphasizes research‑driven heat‑exchanger development and a proprietary Advanced Technology™ ACC tested in purpose-built labs for phenomena like freezing and flow-accelerated corrosion, Holtec advances modular, pre‑assembled tube‑bundle cells to reduce site construction and enable parallel condensing arrangements, and SPG and SPX leverage large-project experience and aftermarket service networks to support utility-scale installations and retrofits. Chinese OEMs including Shuangliang and Tianrui compete on cost, rapid delivery and integration with domestic EPC firms, often supplying A‑frame and V‑frame ACC configurations that dominate global demand. Modine, Thermax and Enexio focus on engineering robustness and adaptation to varied refrigerants and ambient conditions, offering packaged and custom coil/bundle designs together with fans, drives and control systems to meet plant performance and environmental objectives.
Market positioning and recent trends emphasize water‑saving dry cooling, modular construction, efficiency improvements and service offerings: industry reports list EVAPCO, Holtec, SPG, SPX, Shouhang (Shouhang High‑Tech Energy), Shuangliang, Tianrui, Hamon, Thermax and others as key competitors shaping regional shares and technology direction in the ACC market. Customers selecting among these suppliers typically evaluate demonstrated utility or combined‑cycle projects, available full‑scale testing or validated performance data, erection and balance‑of‑plant capabilities, local fabrication and service footprint, and lifecycle cost including energy use and maintenance; several leading vendors now present proprietary tube/finned bundle geometries, anti‑corrosion materials and digital monitoring to improve seasonal and high‑ambient performance while minimizing water consumption in water‑scarce regions.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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