Market Overview:
The global condenser coils market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for air-conditioning and refrigeration systems in residential, commercial, and industrial applications. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. The tubed condenser coils segment is expected to dominate the global condenser coils market during the forecast period owing to its high efficiency and low cost as compared to finned or combined condenser coils segments. The Asia Pacific region is projected to be fastest-growing region during the forecast period owing to rising demand for air conditioning and refrigeration systems in countries such as China and India.
Product Definition:
A condenser coil is a device used to transfer heat from one medium to another. In most cases, the condenser coil is used to transfer heat from the refrigerant in an air conditioning system to the ambient air. The condenser coils are typically located on the exterior of the building and are exposed to direct sunlight. The increased surface area allows for more efficient cooling of the refrigerant.
Tubed Condenser Coils:
Tubed condenser coils are used in heat exchangers to transfer heat energy from one fluid to another. They are made of copper tubes, which can be filled with refrigerant and connected to a compressor. The refrigerant inside the tube is constantly at a temperature lower than that of the surrounding environment, due to which it absorbs heat from the surroundings and transfers it towards its destination. This process helps cool down various equipment such as industrial machinery, computers or even automobiles by reducing their temperature.
Finned Condenser Coils:
Finned condenser coils are used in heat exchangers to transfer heat from one fluid to another with maximum efficiency. They have applications in various industries including chemical, petrochemical, oil & gas and power generation. Finned condenser coils are manufactured using copper or aluminum alloys and can be customized as per the requirement of the application.
Application Insights:
The commercial application segment accounted for the largest share of over 60.0% in 2017. Condenser coils are widely used in commercial applications including data centers, IT offices, educational institutions and hospitals due to their energy-saving properties. These products help reduce electricity costs by up to 30%. They also improve the air quality inside office buildings as well as decrease the environmental impact of a building through reduced carbon emissions and heat dissipation.
The industrial application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand from manufacturing industries such as pharmaceuticals, food & beverage.
Regional Analysis:
Asia Pacific dominated the global condenser coils market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising disposable income, and expanding residential sector. Furthermore, rapid urbanization coupled with growing population has resulted in an increased demand for energy-efficient systems across various applications.
The presence of key manufacturers such as WEG (China), Samsung (South Korea), LG Chem (South Korea), Tianjin Haier Co., Ltd. (China) and Fujitsu General Batteries Ltd.
Growth Factors:
- Increasing demand for air conditioning in residential and commercial sectors
- Rising awareness about the benefits of using condenser coils
- Technological advancements in condenser coils manufacturing process
- Growing popularity of heat pumps as an efficient heating alternative
- Rising prices of traditional fuels such as natural gas and electricity
Scope Of The Report
Report Attributes
Report Details
Report Title
Condenser Coils Market Research Report
By Type
Tubed Condenser Coils, Finned Condenser Coils, Combined Condenser Coils
By Application
Residential, Commercial, Industrial
By Companies
Marlocoil, USA Coil and Air, Coilmaster, Lennox, Madok Manufacturing, Johnson Controls, Modine Manufacturing Company, Winteco Industrial, Colmac Coil Manufacturing, YehJeh, Marlocoil, AAON, Modine
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Condenser Coils Market Report Segments:
The global Condenser Coils market is segmented on the basis of:
Types
Tubed Condenser Coils, Finned Condenser Coils, Combined Condenser Coils
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
Residential, Commercial, Industrial
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:
- Marlocoil
- USA Coil and Air
- Coilmaster
- Lennox
- Madok Manufacturing
- Johnson Controls
- Modine Manufacturing Company
- Winteco Industrial
- Colmac Coil Manufacturing
- YehJeh
- Marlocoil
- AAON
- Modine
Highlights of The Condenser Coils 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:
- Tubed Condenser Coils
- Finned Condenser Coils
- Combined Condenser Coils
- By Application:
- Residential
- Commercial
- Industrial
- 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 Condenser Coils 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 condenser coil is a type of electrical coil used in heating and cooling systems. It is made up of a number of thin metal wires that are wrapped around a central core. When electricity is applied, the coils heat up quickly, which causes the air inside them to become warmer or cooler than the surrounding environment.
Some of the key players operating in the condenser coils market are Marlocoil, USA Coil and Air, Coilmaster, Lennox, Madok Manufacturing, Johnson Controls, Modine Manufacturing Company, Winteco Industrial, Colmac Coil Manufacturing, YehJeh, Marlocoil, AAON, Modine.
The condenser coils market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Condenser Coils 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 Condenser Coils Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Condenser Coils 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 Condenser Coils 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 Condenser Coils Market Size & Forecast, 2018-2028
4.5.1 Condenser Coils Market Size and Y-o-Y Growth
4.5.2 Condenser Coils Market Absolute $ Opportunity
Chapter 5 Global Condenser Coils 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 Condenser Coils Market Size Forecast by Type
5.2.1 Tubed Condenser Coils
5.2.2 Finned Condenser Coils
5.2.3 Combined Condenser Coils
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Condenser Coils 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 Condenser Coils Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Condenser Coils 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 Condenser Coils 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 Condenser Coils Analysis and Forecast
9.1 Introduction
9.2 North America Condenser Coils 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 Condenser Coils Market Size Forecast by Type
9.6.1 Tubed Condenser Coils
9.6.2 Finned Condenser Coils
9.6.3 Combined Condenser Coils
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 Condenser Coils Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Condenser Coils Analysis and Forecast
10.1 Introduction
10.2 Europe Condenser Coils 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 Condenser Coils Market Size Forecast by Type
10.6.1 Tubed Condenser Coils
10.6.2 Finned Condenser Coils
10.6.3 Combined Condenser Coils
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 Condenser Coils Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Condenser Coils Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Condenser Coils 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 Condenser Coils Market Size Forecast by Type
11.6.1 Tubed Condenser Coils
11.6.2 Finned Condenser Coils
11.6.3 Combined Condenser Coils
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 Condenser Coils Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Condenser Coils Analysis and Forecast
12.1 Introduction
12.2 Latin America Condenser Coils 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 Condenser Coils Market Size Forecast by Type
12.6.1 Tubed Condenser Coils
12.6.2 Finned Condenser Coils
12.6.3 Combined Condenser Coils
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 Condenser Coils Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Condenser Coils Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Condenser Coils 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) Condenser Coils Market Size Forecast by Type
13.6.1 Tubed Condenser Coils
13.6.2 Finned Condenser Coils
13.6.3 Combined Condenser Coils
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) Condenser Coils Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Condenser Coils Market: Competitive Dashboard
14.2 Global Condenser Coils Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marlocoil
14.3.2 USA Coil and Air
14.3.3 Coilmaster
14.3.4 Lennox
14.3.5 Madok Manufacturing
14.3.6 Johnson Controls
14.3.7 Modine Manufacturing Company
14.3.8 Winteco Industrial
14.3.9 Colmac Coil Manufacturing
14.3.10 YehJeh
14.3.11 Marlocoil
14.3.12 AAON
14.3.13 Modine
