Market Overview:
The global evaporative condensers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for evaporative condensers in heating, ventilation, and air conditioning (HVAC) and refrigeration applications. Additionally, the growing demand for energy-efficient cooling solutions is also contributing to the growth of this market. The coil tube type segment is expected to hold a major share of the global evaporative condensers market during the forecast period. This segment is mainly driven by its high efficiency and low operating costs as compared to other types of evaporative condensers available in the market.
Product Definition:
An evaporative condenser is a type of air conditioner that uses evaporation to cool the air. This type of condenser is often used in areas where the climate is hot and dry. The evaporative condenser works by using a fan to blow the hot air over a wet pad. The water on the pad evaporates, which causes the air to cool down.
Coil Tube Type:
Coil tube type is a closed system made up of copper tubes which are wound with yarns or coiled around each other to form an open structure. It has the ability to absorb heat from the surroundings and transfer it towards the desired area. The major application areas for coil tubes are in water coolers, air conditioners, evaporative condensers and solar energy systems.
Plate Type:
Plate type is a device used in evaporative condensers to increase the surface area of the water molecules. The plate type is available in different sizes and shapes, which helps in increasing the heat transfer rate from one side to another. It works by creating a large number of small water droplets, which have more surface area that allows them to absorb heat faster than larger drops.
Application Insights:
The heating ventilation air conditioning segment dominated the global market in 2017. This is attributed to the growing demand for HVAC systems in various industries including commercial, hospitality, healthcare and food service. Furthermore, technological advancements and rising energy costs are expected to drive industry growth over the forecast period.
The refrigeration application segment is projected to witness significant growth over the forecast period owing to increasing use of evaporation cooling systems for air conditioning tower-based liquid crystal displays (LCDs) and flat panel displays (FPDs). In addition, these systems are used as a part of a chill chain that involves multiple equipment such as an evaporator coil unit with a condenser plate attached on it. The others application segment includes applications such as Evaporative Condensation Sprinkler System or ECSS which uses an integrated system of pipes and nozzles that spray water onto crops during irrigation processes thereby reducing moisture loss caused by transpiration from plants through their leaves.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and end-users. The region is expected to maintain its dominance over the forecast period due to technological advancements, increasing adoption rate of EVaporative Condensers (EC) for energy savings, and stringent government regulations regarding energy consumption. Europe also held a significant share in terms of demand as it is one of the largest manufacturing hubs for food & beverage industry equipment.
Asia Pacific regional market captured significant revenue share from 2017 to 2030 on account rising industrialization along with rapid urbanization resulting into increased need for HVAC systems across commercial buildings such as malls, restaurants, hotels, hospitals among others which will drive product demand further.
Growth Factors:
- Increasing demand for evaporative condensers from the HVAC industry as a result of growing awareness about energy-efficiency
- Rising demand for evaporative condensers in the food and beverage industry due to stringent regulations on water usage
- Growing popularity of evaporative condensers in data centers owing to their ability to provide cooling at high ambient temperatures
- Proliferation of micro-channel technology in evaporative condensers that helps reduce power consumption and footprint
- Increasing adoption of hybrid systems that combine traditional vapor compression systems with evaporative condensers
Scope Of The Report
Report Attributes
Report Details
Report Title
Evaporative Condensers Market Research Report
By Type
Coil Tube Type, Plate Type, Vertical Type
By Application
Heating Ventilation Air Conditioning, Refrigeration, Others
By Companies
Grundfos, Thermax, Frick India, Chintamani Thermal Technologies, Aircity Hvac Equipment, Bombay Ammonia Refrigeration, Moon Environment Technology, Zhejiang Kailaili Refrigeration Equipment, CAS GYW Cold Chain System (Jiangsu), Fujian Snowman, Nortek Air Solutions, The Swan Group , American Coil, SPX Cooling Technologies, Johnson Controls, Decsa, Heng An Cooling, Técnicas Evaporativas, S.L., SGS Refrigeration, Güntner
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Evaporative Condensers Market Report Segments:
The global Evaporative Condensers market is segmented on the basis of:
Types
Coil Tube Type, Plate Type, Vertical Type
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
Heating Ventilation Air Conditioning, Refrigeration, Others
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:
- Grundfos
- Thermax
- Frick India
- Chintamani Thermal Technologies
- Aircity Hvac Equipment
- Bombay Ammonia Refrigeration
- Moon Environment Technology
- Zhejiang Kailaili Refrigeration Equipment
- CAS GYW Cold Chain System (Jiangsu)
- Fujian Snowman
- Nortek Air Solutions
- The Swan GroupÂ
- American Coil
- SPX Cooling Technologies
- Johnson Controls
- Decsa
- Heng An Cooling
- Técnicas Evaporativas, S.L.
- SGS Refrigeration
- Güntner
Highlights of The Evaporative Condensers 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:
- Coil Tube Type
- Plate Type
- Vertical Type
- By Application:
- Heating Ventilation Air Conditioning
- Refrigeration
- Others
- 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 Evaporative Condensers 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.
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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?
Evaporative condensers are a type of air conditioning unit that use the evaporation of water to cool the air.
Some of the key players operating in the evaporative condensers market are Grundfos, Thermax, Frick India, Chintamani Thermal Technologies, Aircity Hvac Equipment, Bombay Ammonia Refrigeration, Moon Environment Technology, Zhejiang Kailaili Refrigeration Equipment, CAS GYW Cold Chain System (Jiangsu), Fujian Snowman, Nortek Air Solutions, The Swan Group‚ , American Coil, SPX Cooling Technologies, Johnson Controls, Decsa, Heng An Cooling, TƒÂ©cnicas Evaporativas, S.L., SGS Refrigeration, GƒÂ¼ntner.
The evaporative condensers 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. Evaporative Condensers 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. Evaporative Condensers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Evaporative Condensers Market - Supply Chain
4.5. Global Evaporative Condensers Market Forecast
4.5.1. Evaporative Condensers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Evaporative Condensers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Evaporative Condensers Market Absolute $ Opportunity
5. Global Evaporative Condensers 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. Evaporative Condensers Market Size and Volume Forecast by Type
5.3.1. Coil Tube Type
5.3.2. Plate Type
5.3.3. Vertical Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Evaporative Condensers 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. Evaporative Condensers Market Size and Volume Forecast by Application
6.3.1. Heating Ventilation Air Conditioning
6.3.2. Refrigeration
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Evaporative Condensers 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. Evaporative Condensers 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 Evaporative Condensers 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. Evaporative Condensers 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 Evaporative Condensers Demand Share Forecast, 2019-2026
9. North America Evaporative Condensers 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 Evaporative Condensers 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 Evaporative Condensers Market Size and Volume Forecast by Application
9.4.1. Heating Ventilation Air Conditioning
9.4.2. Refrigeration
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Evaporative Condensers Market Size and Volume Forecast by Type
9.7.1. Coil Tube Type
9.7.2. Plate Type
9.7.3. Vertical Type
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 Evaporative Condensers Demand Share Forecast, 2019-2026
10. Latin America Evaporative Condensers 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 Evaporative Condensers 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 Evaporative Condensers Market Size and Volume Forecast by Application
10.4.1. Heating Ventilation Air Conditioning
10.4.2. Refrigeration
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Evaporative Condensers Market Size and Volume Forecast by Type
10.7.1. Coil Tube Type
10.7.2. Plate Type
10.7.3. Vertical Type
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 Evaporative Condensers Demand Share Forecast, 2019-2026
11. Europe Evaporative Condensers 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 Evaporative Condensers 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 Evaporative Condensers Market Size and Volume Forecast by Application
11.4.1. Heating Ventilation Air Conditioning
11.4.2. Refrigeration
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Evaporative Condensers Market Size and Volume Forecast by Type
11.7.1. Coil Tube Type
11.7.2. Plate Type
11.7.3. Vertical Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Gowth 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 Evaporative Condensers Demand Share, 2019-2026
12. Asia Pacific Evaporative Condensers 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 Evaporative Condensers 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 Evaporative Condensers Market Size and Volume Forecast by Application
12.4.1. Heating Ventilation Air Conditioning
12.4.2. Refrigeration
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Evaporative Condensers Market Size and Volume Forecast by Type
12.7.1. Coil Tube Type
12.7.2. Plate Type
12.7.3. Vertical Type
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 Evaporative Condensers Demand Share, 2019-2026
13. Middle East & Africa Evaporative Condensers 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 Evaporative Condensers 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 Evaporative Condensers Market Size and Volume Forecast by Application
13.4.1. Heating Ventilation Air Conditioning
13.4.2. Refrigeration
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Evaporative Condensers Market Size and Volume Forecast by Type
13.7.1. Coil Tube Type
13.7.2. Plate Type
13.7.3. Vertical Type
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 Evaporative Condensers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Evaporative Condensers Market: Market Share Analysis
14.2. Evaporative Condensers Distributors and Customers
14.3. Evaporative Condensers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Grundfos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thermax
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Frick India
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chintamani Thermal Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aircity Hvac Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bombay Ammonia Refrigeration
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Moon Environment Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhejiang Kailaili Refrigeration Equipment
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CAS GYW Cold Chain System (Jiangsu)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fujian Snowman
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nortek Air Solutions
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. The Swan Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. American Coil
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SPX Cooling Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Johnson Controls
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Decsa
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Heng An Cooling
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Técnicas Evaporativas, S.L.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. SGS Refrigeration
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Güntner
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook