Market Overview:
The global circular finned tube market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air conditioning and refrigeration systems in developing countries, rising industrial production, and growing chemical production. In terms of type, the single metal finned tubes segment is expected to dominate the global circular finned tube market during the forecast period. This can be attributed to their low cost and easy installation as compared to other types of fins available in the market. In terms of application, industrial applications are expected to account for a major share of the global circular finned tube market during the forecast period.
Product Definition:
A circular finned tube is a type of heat exchanger that uses fins attached to the outside of a cylindrical tube to increase the surface area available for heat transfer. This allows the device to exchange more heat with its surroundings, making it more efficient.
Single Metal Finned Tubes:
Single metal finned tubes are used in the manufacturing of semiconductor devices. The growth factor for single metal fins is 100%. Growth factors are important parameters that determine the final size and shape of a device. In other words, they play a crucial role in determining the performance and efficiency of semiconductor devices.
Bimetal Composite Finned Tubes:
Bimetal composite tubes are made by joining two metals with a thin layer of binder between them. The most common types of metals used are aluminum and copper. Bimetal composite tubes have applications in the oil & gas, power generation, aerospace & defense industries for various functions such as sealing, cooling or heating and also provide electrical resistance.
Application Insights:
The air conditioning application segment led the global market and accounted for more than 35.0% share of the total revenue in 2017. Circular finned tubes are widely used in air conditioners owing to its ability to control temperature as well as maintain humidity levels within a room, which further boosts their demand. Moreover, increasing construction activities in developing countries such as China and India are expected to drive the product demand over the forecast period.
Circular finned tubes have various applications across diverse industries including food & beverage processing, dairy products packaging, water treatment plants and pulp & paper mills among others. The chemical production industry is anticipated to witness significant growth over the forecast period on account of rising product utilization for manufacturing heat exchangers along with other equipment used for distilling or refining chemicals or petroleum products among others at a industrial level.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising product demand from end-use industries, such as HVAC & refrigeration, electronics, food processing & packaging. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive industry expansion over the coming years.
The Asia Pacific region is characterized by a large number of manufacturers that cater to local and regional markets. China emerged as a major manufacturing hub for several consumer electronics brands across Asia; however it lacks proper infrastructure for chemical production owing to low capitalization costs associated with circular metal products compared with square metal products.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for circular finned tubes as heat exchangers
- Rising demand for energy-efficient heating and cooling systems
- Growing popularity of circular finned tubes in HVAC applications
- Technological advancements that have led to the development of more efficient and durable circular finned tubes
- The increasing use of circular finned tubes in renewable energy applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Circular Finned Tube Market Research Report
By Type
Single Metal Finned Tubes, Bimetal Composite Finned Tubes
By Application
Air Conditioning, Chemical Production, Industrial Applications
By Companies
Salem Tube, Wieland Thermal Solutions, Profins, Tulsa Fin Tube, AESSEAL, Fintube
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Circular Finned Tube Market Report Segments:
The global Circular Finned Tube market is segmented on the basis of:
Types
Single Metal Finned Tubes, Bimetal Composite Finned Tubes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air Conditioning, Chemical Production, Industrial Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Salem Tube
- Wieland Thermal Solutions
- Profins
- Tulsa Fin Tube
- AESSEAL
- Fintube
Highlights of The Circular Finned Tube Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Metal Finned Tubes
- Bimetal Composite Finned Tubes
- By Application:
- Air Conditioning
- Chemical Production
- Industrial Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Circular Finned Tube Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A circular finned tube is a type of pipe that has a series of circles cut into the surface. These circles create an aerodynamic profile that helps to reduce drag and increase airflow. This design is often used in air conditioning and heating systems, as it allows for more efficient movement of air through the system.
Some of the major companies in the circular finned tube market are Salem Tube, Wieland Thermal Solutions, Profins, Tulsa Fin Tube, AESSEAL, Fintube.
The circular finned tube market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Circular Finned Tube Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Circular Finned Tube Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Circular Finned Tube Market - Supply Chain
4.5. Global Circular Finned Tube Market Forecast
4.5.1. Circular Finned Tube Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Circular Finned Tube Market Size (000 Units) and Y-o-Y Growth
4.5.3. Circular Finned Tube Market Absolute $ Opportunity
5. Global Circular Finned Tube Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Circular Finned Tube Market Size and Volume Forecast by Type
5.3.1. Single Metal Finned Tubes
5.3.2. Bimetal Composite Finned Tubes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Circular Finned Tube Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Circular Finned Tube Market Size and Volume Forecast by Application
6.3.1. Air Conditioning
6.3.2. Chemical Production
6.3.3. Industrial Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Circular Finned Tube Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Circular Finned Tube Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Circular Finned Tube Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Circular Finned Tube Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Circular Finned Tube Demand Share Forecast, 2019-2029
9. North America Circular Finned Tube Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Circular Finned Tube Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Circular Finned Tube Market Size and Volume Forecast by Application
9.4.1. Air Conditioning
9.4.2. Chemical Production
9.4.3. Industrial Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Circular Finned Tube Market Size and Volume Forecast by Type
9.7.1. Single Metal Finned Tubes
9.7.2. Bimetal Composite Finned Tubes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Circular Finned Tube Demand Share Forecast, 2019-2029
10. Latin America Circular Finned Tube Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Circular Finned Tube Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Circular Finned Tube Market Size and Volume Forecast by Application
10.4.1. Air Conditioning
10.4.2. Chemical Production
10.4.3. Industrial Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Circular Finned Tube Market Size and Volume Forecast by Type
10.7.1. Single Metal Finned Tubes
10.7.2. Bimetal Composite Finned Tubes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Circular Finned Tube Demand Share Forecast, 2019-2029
11. Europe Circular Finned Tube Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Circular Finned Tube Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Circular Finned Tube Market Size and Volume Forecast by Application
11.4.1. Air Conditioning
11.4.2. Chemical Production
11.4.3. Industrial Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Circular Finned Tube Market Size and Volume Forecast by Type
11.7.1. Single Metal Finned Tubes
11.7.2. Bimetal Composite Finned Tubes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Circular Finned Tube Demand Share, 2019-2029
12. Asia Pacific Circular Finned Tube Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Circular Finned Tube Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Circular Finned Tube Market Size and Volume Forecast by Application
12.4.1. Air Conditioning
12.4.2. Chemical Production
12.4.3. Industrial Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Circular Finned Tube Market Size and Volume Forecast by Type
12.7.1. Single Metal Finned Tubes
12.7.2. Bimetal Composite Finned Tubes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Circular Finned Tube Demand Share, 2019-2029
13. Middle East & Africa Circular Finned Tube Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Circular Finned Tube Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Circular Finned Tube Market Size and Volume Forecast by Application
13.4.1. Air Conditioning
13.4.2. Chemical Production
13.4.3. Industrial Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Circular Finned Tube Market Size and Volume Forecast by Type
13.7.1. Single Metal Finned Tubes
13.7.2. Bimetal Composite Finned Tubes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Circular Finned Tube Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Circular Finned Tube Market: Market Share Analysis
14.2. Circular Finned Tube Distributors and Customers
14.3. Circular Finned Tube Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Salem Tube
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wieland Thermal Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Profins
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tulsa Fin Tube
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AESSEAL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fintube
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
