Market Overview:
The global evaporator coils and 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 HVAC systems in residential, commercial, and industrial applications. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. The tubed segment is expected to dominate the global evaporator coils and condenser coils market during the forecast period owing to its low cost and easy installation process. However, finned/plated segments are projected to grow at a higher CAGR during the forecast period as they offer better heat transfer rates as compared with tubed segments. In terms of application, residential sector is expected to account for majority share of global evaporator coils and condenser coils market during 2018-2030 owing to rising demand for air conditioning systems in developing countries such as China.
Product Definition:
Evaporator coils and condenser coils are two of the most important components of an air conditioner. The evaporator coil is responsible for cooling the air, while the condenser coil is responsible for getting rid of the heat.
Tubed:
The global tubed, it's usage and growth factor in Evaporator Coils & Condenser Coils market size was valued at USD 1.5 billion in 2016. Growing demand for energy-efficient systems is expected to be a key factor driving the industry over the forecast period.
Tubing is an effective heat transfer medium used in various applications including condensers, evaporators,.
Finned/Plated:
Finned/Plated Evaporator Coils & Condenser Coils are used in heat recovery applications. Heat Recovery Systems (HRSRs) use the principle of thermodynamics to move waste energy from one area to another where it can be converted into useful energy. Finned/Plated evaporator coils and condenser coils are used in HRSRs for this purpose.
Application Insights:
Commercial application dominated the global market with a share of over 60.0% in 2017. Increasing use of Evaporator Coils & Condenser Coils for space heating and cooling in commercial buildings is expected to be one of the key factors driving the segment growth over the forecast period. Commercial applications include shopping malls, office complexes, hospitals, hotels, restaurants and other public buildings among others.
The residential sector is expected to witness significant growth owing to increasing demand for energy efficient products resulting in increased spending on home improvement activities including air conditioning systems replacement or remodeling existing systems.
Regional Analysis:
Asia Pacific dominated the global 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, coupled with rising commercial and residential construction activities in emerging economies such as China, India, Indonesia, Vietnam and Thailand. Evaporator coils are used for cooling processes in various end-use industries such as food & beverage industry (breweries), metal processing (machinery), chemical processing (petrochemical) among others.
The demand for evaporator coils is majorly driven by their applications in different end-use industries across Asia Pacific region. Food & beverage industry plays a vital role not only economically but also culturally influencing other parts of the world through media consumption habits of consumers from developing countries like India and China among others who account for majority share of global population.
Growth Factors:
- Increasing demand for air conditioning in residential and commercial sectors
- Rising disposable income of consumers in developing countries
- Technological advancements in evaporator coils & condenser coils market
- Growing popularity of mini split systems and VRF systems
- Stringent energy efficiency norms by governments across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
Evaporator Coils & Condenser Coils Market Research Report
By Type
Tubed, Finned/Plated, Combined
By Application
Residential, Commercial, Industrial, Other
By Companies
Lennox, MadoKManufacturing, Johnson Controls, Modine Manufacturing Company, Bosch Thermotechnology, Coilmaster Corporation, Goodman Manufacturing Company, Mortex Products, Shanghai Shenglin M&E Technology, Winteco Industrial, Lennox, Thermocoil
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Evaporator Coils & Condenser Coils Market Report Segments:
The global Evaporator Coils & Condenser Coils market is segmented on the basis of:
Types
Tubed, Finned/Plated, Combined
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, Other
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:
- Lennox
- MadoKManufacturing
- Johnson Controls
- Modine Manufacturing Company
- Bosch Thermotechnology
- Coilmaster Corporation
- Goodman Manufacturing Company
- Mortex Products
- Shanghai Shenglin M&E Technology
- Winteco Industrial
- Lennox
- Thermocoil
Highlights of The Evaporator Coils & 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
- Finned/Plated
- Combined
- By Application:
- Residential
- Commercial
- Industrial
- Other
- 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 Evaporator Coils & 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?
Evaporator coils and condenser coils are the heating elements in an air conditioner. They use refrigerant to transfer heat from the inside of the coil to the outside, which then cools down your room.
Some of the major players in the evaporator coils & condenser coils market are Lennox, MadoKManufacturing, Johnson Controls, Modine Manufacturing Company, Bosch Thermotechnology, Coilmaster Corporation, Goodman Manufacturing Company, Mortex Products, Shanghai Shenglin M&E Technology, Winteco Industrial, Lennox, Thermocoil.
The evaporator coils & condenser coils 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 Evaporator Coils & 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 Evaporator Coils & Condenser Coils Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Evaporator Coils & 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 Evaporator Coils & 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 Evaporator Coils & Condenser Coils Market Size & Forecast, 2020-2028
4.5.1 Evaporator Coils & Condenser Coils Market Size and Y-o-Y Growth
4.5.2 Evaporator Coils & Condenser Coils 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 Tubed
5.2.2 Finned/Plated
5.2.3 Combined
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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Evaporator Coils & 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 Evaporator Coils & 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 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 Tubed
9.6.2 Finned/Plated
9.6.3 Combined
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 Residential
9.10.2 Commercial
9.10.3 Industrial
9.10.4 Other
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 Tubed
10.6.2 Finned/Plated
10.6.3 Combined
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 Residential
10.10.2 Commercial
10.10.3 Industrial
10.10.4 Other
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 Tubed
11.6.2 Finned/Plated
11.6.3 Combined
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 Residential
11.10.2 Commercial
11.10.3 Industrial
11.10.4 Other
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 Tubed
12.6.2 Finned/Plated
12.6.3 Combined
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 Residential
12.10.2 Commercial
12.10.3 Industrial
12.10.4 Other
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 Tubed
13.6.2 Finned/Plated
13.6.3 Combined
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 Residential
13.10.2 Commercial
13.10.3 Industrial
13.10.4 Other
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 Evaporator Coils & Condenser Coils Market: Competitive Dashboard
14.2 Global Evaporator Coils & Condenser Coils Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lennox
14.3.2 MadoKManufacturing
14.3.3 Johnson Controls
14.3.4 Modine Manufacturing Company
14.3.5 Bosch Thermotechnology
14.3.6 Coilmaster Corporation
14.3.7 Goodman Manufacturing Company
14.3.8 Mortex Products
14.3.9 Shanghai Shenglin M&E Technology
14.3.10 Winteco Industrial
14.3.11 Lennox
14.3.12 Thermocoil
