Market Overview:
The global finned tube convector 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 energy-efficient heating and cooling systems across the globe. In addition, growing awareness about environment-friendly heating and cooling systems is also contributing to the growth of this market. The global finned tube convector market can be segmented on the basis of type, application, and region. On the basis of type,the global finned tube convector market can be divided into 80mm, 120mm, 140mm, and others segments. The 120mm segment is expected to account for a major share in terms of revenue in 2018 owing to its high efficiency as compared with other types available in the market. On the basis of application,the global finned tube convectormarket can be classified into hot air heating systemsegment,, air conditioning systemsegment,, drying device segment,,and others segments .
Product Definition:
A finned tube convector is an air-conditioning or heating unit that uses a series of metal fins to increase the surface area of a heat exchanger. This increased surface area allows more heat to be transferred from the unit, making it more efficient.
80mm:
80mm is a type of Finned Tube Convection (FTC) which is used to heat and cool air or fluid. It can be used for heating or cooling, but not both at the same time. 80mm has advantages over larger sizes such as less noise generation, better flow rate and temperature control, compact size etc., hence it's usage in various applications like HVAC systems increasing its market share in the global finned tube convector market.
120mm:
120mm is a standard length for finned tube convoys. It is the most common size of all and can be found in almost every product on our website.
Application Insights:
The air conditioning system segment dominated the global finned tube convector market in terms of revenue share in 2017. The growth can be attributed to the rising demand for energy-efficient and environment-friendly air conditioners across the developed as well as developing economies. Moreover, continuous technological advancements and product innovations are expected to drive industry growth over the forecast period.
Hot air heating is anticipated to be one of the prominent application segments over the forecast period owing to its increasing adoption across various end-use industries including food processing, chemical, paper & pulp among others. These tubes have a small footprint which makes it suitable for limited space applications such as under cabinets or behind equipment racks while providing efficient heat transfer from hot gases within a cabinet to ambient gases outside of it without requiring additional ventilation systems or ducts which reduces installation cost and improves energy efficiency.
Regional Analysis:
Asia Pacific dominated the global finned tube convector market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for energy-efficient products along with rising construction activities in emerging economies such as China and India. Moreover, growing industrialization coupled with a rise in disposable income will drive product demand further.
The Europe market was valued at USD X million in 2017 owing to high consumption of air conditioning systems on account of extreme weather conditions such as heavy snow, rainfall, and windstorms that occur during summer season across European countries including Germany, France, Italy etc. Also factors like rapidly aging population coupled with increasing COVID-19 positive cases are expected to drive product demand over the forecast period.
North America is projected to witness significant growth from 2018 to 2030 due primarily increased spending on HVAC system replacement or upgrade projects by companies operating within this region especially U.S.
Growth Factors:
- Increasing demand for energy efficient heating systems: The global market for finned tube convectors is expected to grow at a CAGR of over 5% during the forecast period. This can be attributed to the increasing demand for energy efficient heating systems, as these devices help in reducing energy consumption by up to 30%.
- Rising popularity of underfloor heating systems: Underfloor heating (UFH) is becoming increasingly popular across the world, as it offers a number of advantages over traditional centralised or individual room-based heating systems. Finned tube convectors are well suited for use with UFH and are expected to witness high growth rates in this segment during the forecast period.
- Growing construction industry: The global construction industry is projected to grow at a CAGR of more than 4% during the forecast period, owing to rising urbanisation and population growth rates across emerging economies. This will create opportunities for finned tube convector manufacturers and drive market growth during the forecast period.
- Technological advancements: Manufacturers are constantly innovating their products in order to meet changing customer needs and preferences. This has led to significant technological advancements in finned tube convector technology in recent years, which is likely to boost market growth during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Finned Tube Convector Market Research Report
By Type
80mm, 120mm, 140mm, Others
By Application
Hot Air Heating, Air Conditioning System, Drying Device, Others
By Companies
Modine, Fin Tube Products, Quintel, Sterling, Minerva Manufacturing Plant, Johnson Bros. Metal Forming Co., JFD Tube & Coil Products, Alfa Laval Inc., Elanco, Exergy, Modine, Curtiss-Wright, EST Group
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Finned Tube Convector Market Report Segments:
The global Finned Tube Convector market is segmented on the basis of:
Types
80mm, 120mm, 140mm, Others
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
Hot Air Heating, Air Conditioning System, Drying Device, 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:
- Modine
- Fin Tube Products
- Quintel
- Sterling
- Minerva Manufacturing Plant
- Johnson Bros. Metal Forming Co.
- JFD Tube & Coil Products
- Alfa Laval Inc.
- Elanco
- Exergy
- Modine
- Curtiss-Wright, EST Group
Highlights of The Finned Tube Convector 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:
- 80mm
- 120mm
- 140mm
- Others
- By Application:
- Hot Air Heating
- Air Conditioning System
- Drying Device
- 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 Finned Tube Convector 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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- Correctly Positioning New Products
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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?
Finned Tube Convector is a type of electric motor that uses fins to create an airfoil-like design. This design allows the motor to generate more power and efficiency than traditional motors.
Some of the key players operating in the finned tube convector market are Modine, Fin Tube Products, Quintel, Sterling, Minerva Manufacturing Plant, Johnson Bros. Metal Forming Co., JFD Tube & Coil Products, Alfa Laval Inc., Elanco, Exergy, Modine, Curtiss-Wright, EST Group.
The finned tube convector 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 Finned Tube Convector 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 Finned Tube Convector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finned Tube Convector 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 Finned Tube Convector 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 Finned Tube Convector Market Size & Forecast, 2018-2028
4.5.1 Finned Tube Convector Market Size and Y-o-Y Growth
4.5.2 Finned Tube Convector Market Absolute $ Opportunity
Chapter 5 Global Finned Tube Convector 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 Finned Tube Convector Market Size Forecast by Type
5.2.1 80mm
5.2.2 120mm
5.2.3 140mm
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Finned Tube Convector 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 Finned Tube Convector Market Size Forecast by Applications
6.2.1 Hot Air Heating
6.2.2 Air Conditioning System
6.2.3 Drying Device
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finned Tube Convector 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 Finned Tube Convector 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 Finned Tube Convector Analysis and Forecast
9.1 Introduction
9.2 North America Finned Tube Convector 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 Finned Tube Convector Market Size Forecast by Type
9.6.1 80mm
9.6.2 120mm
9.6.3 140mm
9.6.4 Others
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 Finned Tube Convector Market Size Forecast by Applications
9.10.1 Hot Air Heating
9.10.2 Air Conditioning System
9.10.3 Drying Device
9.10.4 Others
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 Finned Tube Convector Analysis and Forecast
10.1 Introduction
10.2 Europe Finned Tube Convector 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 Finned Tube Convector Market Size Forecast by Type
10.6.1 80mm
10.6.2 120mm
10.6.3 140mm
10.6.4 Others
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 Finned Tube Convector Market Size Forecast by Applications
10.10.1 Hot Air Heating
10.10.2 Air Conditioning System
10.10.3 Drying Device
10.10.4 Others
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 Finned Tube Convector Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Finned Tube Convector 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 Finned Tube Convector Market Size Forecast by Type
11.6.1 80mm
11.6.2 120mm
11.6.3 140mm
11.6.4 Others
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 Finned Tube Convector Market Size Forecast by Applications
11.10.1 Hot Air Heating
11.10.2 Air Conditioning System
11.10.3 Drying Device
11.10.4 Others
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 Finned Tube Convector Analysis and Forecast
12.1 Introduction
12.2 Latin America Finned Tube Convector 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 Finned Tube Convector Market Size Forecast by Type
12.6.1 80mm
12.6.2 120mm
12.6.3 140mm
12.6.4 Others
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 Finned Tube Convector Market Size Forecast by Applications
12.10.1 Hot Air Heating
12.10.2 Air Conditioning System
12.10.3 Drying Device
12.10.4 Others
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) Finned Tube Convector Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Finned Tube Convector 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) Finned Tube Convector Market Size Forecast by Type
13.6.1 80mm
13.6.2 120mm
13.6.3 140mm
13.6.4 Others
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) Finned Tube Convector Market Size Forecast by Applications
13.10.1 Hot Air Heating
13.10.2 Air Conditioning System
13.10.3 Drying Device
13.10.4 Others
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 Finned Tube Convector Market: Competitive Dashboard
14.2 Global Finned Tube Convector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Modine
14.3.2 Fin Tube Products
14.3.3 Quintel
14.3.4 Sterling
14.3.5 Minerva Manufacturing Plant
14.3.6 Johnson Bros. Metal Forming Co.
14.3.7 JFD Tube & Coil Products
14.3.8 Alfa Laval Inc.
14.3.9 Elanco
14.3.10 Exergy
14.3.11 Modine
14.3.12 Curtiss-Wright, EST Group
