Market Overview:
The global annular cooler 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 annular coolers from various end-use industries, such as sintering and pellet engineering. In terms of type, the sintering annular cooler segment is expected to dominate the global market during the forecast period, owing to its high efficiency and low operating costs. In terms of region, North America is expected to lead the global market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Annular Coolers are designed to improve the performance of gas turbine engines by reducing the amount of heat transferred from the combustor to the turbine. Annular coolers are typically used in applications where a large temperature difference exists between the air entering and leaving the engine.
Sintering Annular Cooler:
Sintering annular cooler is a device used to control and monitor the sintering process in annealing. It helps cool down the metal parts that are being sintered, after they have been heated up to their softening point. The main function of this device is to maintain the temperature of metal parts during sintering and cooling processes, which enables uniformity in density as well as size of particles produced during solidification.
Pellet Annular Cooler:
The pellet annular cooler is a device used to cool the outer surface of the combustion chamber. It works by drawing air in from outside through an opening in the side of the combustion chamber and then cooling off hot gases before they reach into chambers. The heat that is drawn off reduces temperatures, thus reducing stress on engine components and increasing efficiency.
Application Insights:
The sintering annular cooler segment accounted for the largest revenue share of over 60% in 2017. The application of annular coolers is becoming popular in various industries including automotive, construction and mining. In the automotive industry, these devices are used to manufacture engine parts with high precision and quality. In addition, they help reduce metal flow during production by providing a uniform cooling pattern around the part being manufactured thereby enhancing overall process efficiency.
In construction industry, these devices are used to manufacture components such as flanges and gaskets that are used in various applications including HVACR (heating ventilation air conditioning refrigeration), oil & gas equipment manufacturing etcetera.
Regional Analysis:
Asia Pacific dominated the global annular cooler market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-users such as automotive, aerospace & defense, energy & power, construction among others. China is one of the largest markets for these products owing to increasing investments in infrastructure development along with growing automotive production capacity in this country.
Europe accounted for a significant share of global revenue due to high demand from industries such as aerospace & defense and oil & gas which are also major consumers of precision sintered parts for their various applications. North America was another prominent regional segment accounting for 18%of total market share owing to growing investment by key players on upgrading their existing product lines and expanding into new segments catering towards higher efficiency at lower costs coupled with improved performance characteristics compared to traditionally manufactured parts made using conventional methods.
Growth Factors:
- Increasing demand for energy efficient cooling systems in data centers and other commercial applications
- Growing popularity of annular coolers in microelectronics and semiconductor industries
- Rising concerns over environmental impact of traditional air-conditioning systems
- Technological advancements that have led to the development of more compact and efficient annular coolers
- Growing awareness about the benefits of using annular coolers over traditional air-conditioning systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Annular Cooler Market Research Report
By Type
Sintering Annular Cooler, Pellet Annular Cooler
By Application
Sintering Work, Pellet Engineering
By Companies
Metso Outotec, JP Steel Plantech Co., Hunan Zhongye Changtian Heavy Industry Technology Co., Ltd., MCC North Engineering Technology Co., Ltd., Tangshan Ruitai Machinery Co., Ltd., Northern Heavy Industry Group Co., Ltd., Chaoyang Heavy Machine Metallurgical Industry Co., Ltd., Hebei Huatong Heavy Industry Machinery Manufacturing Co., Ltd.
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Annular Cooler Market Report Segments:
The global Annular Cooler market is segmented on the basis of:
Types
Sintering Annular Cooler, Pellet Annular Cooler
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
Sintering Work, Pellet Engineering
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:
- Metso Outotec
- JP Steel Plantech Co.
- Hunan Zhongye Changtian Heavy Industry Technology Co., Ltd.
- MCC North Engineering Technology Co., Ltd.
- Tangshan Ruitai Machinery Co., Ltd.
- Northern Heavy Industry Group Co., Ltd.
- Chaoyang Heavy Machine Metallurgical Industry Co., Ltd.
- Hebei Huatong Heavy Industry Machinery Manufacturing Co., Ltd.
Highlights of The Annular Cooler 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:
- Sintering Annular Cooler
- Pellet Annular Cooler
- By Application:
- Sintering Work
- Pellet Engineering
- 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 Annular Cooler 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?
An annular cooler is a type of air-conditioning unit that circulates the air around its outer edge. This type of cooler is often used in offices and other places where people are close to the exterior walls.
Some of the major companies in the annular cooler market are Metso Outotec, JP Steel Plantech Co., Hunan Zhongye Changtian Heavy Industry Technology Co., Ltd., MCC North Engineering Technology Co., Ltd., Tangshan Ruitai Machinery Co., Ltd., Northern Heavy Industry Group Co., Ltd., Chaoyang Heavy Machine Metallurgical Industry Co., Ltd., Hebei Huatong Heavy Industry Machinery Manufacturing Co., Ltd..
The annular cooler market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Annular Cooler Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Annular Cooler Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Annular Cooler Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Annular Cooler Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Annular Cooler Market Size & Forecast, 2020-2028
4.5.1 Annular Cooler Market Size and Y-o-Y Growth
4.5.2 Annular Cooler Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sintering Annular Cooler
5.2.2 Pellet Annular Cooler
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Sintering Work
6.2.2 Pellet Engineering
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Annular Cooler Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Annular Cooler Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sintering Annular Cooler
9.6.2 Pellet Annular Cooler
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Sintering Work
9.10.2 Pellet Engineering
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sintering Annular Cooler
10.6.2 Pellet Annular Cooler
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Sintering Work
10.10.2 Pellet Engineering
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sintering Annular Cooler
11.6.2 Pellet Annular Cooler
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Sintering Work
11.10.2 Pellet Engineering
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sintering Annular Cooler
12.6.2 Pellet Annular Cooler
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Sintering Work
12.10.2 Pellet Engineering
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sintering Annular Cooler
13.6.2 Pellet Annular Cooler
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Sintering Work
13.10.2 Pellet Engineering
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Annular Cooler Market: Competitive Dashboard
14.2 Global Annular Cooler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Metso Outotec
14.3.2 JP Steel Plantech Co.
14.3.3 Hunan Zhongye Changtian Heavy Industry Technology Co., Ltd.
14.3.4 MCC North Engineering Technology Co., Ltd.
14.3.5 Tangshan Ruitai Machinery Co., Ltd.
14.3.6 Northern Heavy Industry Group Co., Ltd.
14.3.7 Chaoyang Heavy Machine Metallurgical Industry Co., Ltd.
14.3.8 Hebei Huatong Heavy Industry Machinery Manufacturing Co., Ltd.
