Market Overview:
The global industrial condenser 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 industrial condensers from various end-use industries, such as metallurgical industry, chemical industry, thermal power plants, and others. In terms of type, the water-cooled segment is expected to dominate the global industrial condenser market during the forecast period. This can be attributed to factors such as high efficiency and low operating costs offered by water-cooled industrial condensers compared with air-cooled ones.
Product Definition:
The industrial condenser is a device that is used to cool down the hot gases that are released from different industrial processes. This device helps to improve the efficiency of these processes and also helps to protect the environment from the harmful emissions that are released.
Water-cooled:
Water-cooled condenser is a heat exchanger which uses water as the coolant and it's used to transfer heat from an external fluid source to another fluid, in this case the hot vaporized liquid. The process of transferring heat by means of a condenser is called cooling.
Air-cooled:
An air-cooled condenser is a heat exchanger used to transfer heat from an external fluid medium to another, where the temperature difference creates a vacuum that extracts energy. The extracted energy can be utilized in various ways depending on the application. In industrial applications, they are used for cooling processes or refrigeration of fluids such as oils and gases.
Application Insights:
The chemical industry accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. Condensers are widely used in various plants of the chemical industry, including chlorine, caustic soda, sulfuric acid and phosphoric acid plants. The air-cooled condenser is generally preferred for such applications as it offers higher thermal efficiency as compared to water-cooled condensers. However, demand from other industries is expected to drive growth over the forecast period owing to their low operating costs coupled with high capacity factors.
The metallurgical industry also contributed significantly towards overall revenue share in 2017 due largely to its growing requirement for electric furnaces across alloys of steel and non-ferrous metals including aluminum & copper among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the presence of a large number of chemical and metallurgical industries in China, India, Japan, South Korea, and Taiwan. The region is expected to maintain its dominance over the forecast period as well owing to favorable government policies regarding energy conservation coupled with increasing demand for industrial condensers for HVAC applications.
The growing chemical industry across emerging economies such as Brazil and Mexico is also anticipated to drive product demand over the next eight years. Furthermore, Latin America has one of the largest coal mining sectors globally; thus it requires huge amounts of water-cooled condenser units due to high heat output from coal mines which are used for power generation plants across countries including Chile and Peru among others. These factors are expected strengthen regional market growth prospects during the forecast period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rising concerns about global warming and climate change, which is driving the adoption of energy-efficient technologies
- Growing demand for refrigeration and air conditioning systems in commercial buildings and homes
- Proliferation of data centers, which need reliable cooling systems to prevent overheating
- Development of new condenser technologies that are more efficient and environmentally friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Condenser Market Research Report
By Type
Water-cooled, Air-cooled
By Application
Metallurgical Industry, Chemical Industry, Thermal Power Plants, Others
By Companies
Körting Hannover GmbH, Showa Industrial, Sterling TT, SPX Cooling Technologies, Inc, Riggins Company, Shandong Moon Technology, Pioneer Engineering Works, Shree Balaji Engineering Works, Cannon Boiler Works, Inc, Lianyungang Lide Power Equipment
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Condenser Market Report Segments:
The global Industrial Condenser market is segmented on the basis of:
Types
Water-cooled, Air-cooled
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
Metallurgical Industry, Chemical Industry, Thermal Power Plants, 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:
- Körting Hannover GmbH
- Showa Industrial
- Sterling TT
- SPX Cooling Technologies, Inc
- Riggins Company
- Shandong Moon Technology
- Pioneer Engineering Works
- Shree Balaji Engineering Works
- Cannon Boiler Works, Inc
- Lianyungang Lide Power Equipment
Highlights of The Industrial Condenser 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:
- Water-cooled
- Air-cooled
- By Application:
- Metallurgical Industry
- Chemical Industry
- Thermal Power Plants
- 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 Industrial Condenser 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
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- Product & Brand Management
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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?
An industrial condenser is a device used in the production of refrigeration and air conditioning. It is a large, metal container with coils of metal wire inside it that are cooled by an external source of cold water or ice. The coils create a low-pressure area that can be used to cool objects or air.
Some of the major players in the industrial condenser market are K¶rting Hannover GmbH, Showa Industrial, Sterling TT, SPX Cooling Technologies, Inc, Riggins Company, Shandong Moon Technology, Pioneer Engineering Works, Shree Balaji Engineering Works, Cannon Boiler Works, Inc, Lianyungang Lide Power Equipment.
The industrial condenser 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 Industrial Condenser 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 Industrial Condenser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Condenser 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 Industrial Condenser 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 Industrial Condenser Market Size & Forecast, 2020-2028
4.5.1 Industrial Condenser Market Size and Y-o-Y Growth
4.5.2 Industrial Condenser 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 Water-cooled
5.2.2 Air-cooled
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 Metallurgical Industry
6.2.2 Chemical Industry
6.2.3 Thermal Power Plants
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Condenser 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 Industrial Condenser 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 Water-cooled
9.6.2 Air-cooled
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 Metallurgical Industry
9.10.2 Chemical Industry
9.10.3 Thermal Power Plants
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 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 Water-cooled
10.6.2 Air-cooled
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 Metallurgical Industry
10.10.2 Chemical Industry
10.10.3 Thermal Power Plants
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 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 Water-cooled
11.6.2 Air-cooled
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 Metallurgical Industry
11.10.2 Chemical Industry
11.10.3 Thermal Power Plants
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 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 Water-cooled
12.6.2 Air-cooled
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 Metallurgical Industry
12.10.2 Chemical Industry
12.10.3 Thermal Power Plants
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) 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 Water-cooled
13.6.2 Air-cooled
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 Metallurgical Industry
13.10.2 Chemical Industry
13.10.3 Thermal Power Plants
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 Industrial Condenser Market: Competitive Dashboard
14.2 Global Industrial Condenser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Körting Hannover GmbH
14.3.2 Showa Industrial
14.3.3 Sterling TT
14.3.4 SPX Cooling Technologies, Inc
14.3.5 Riggins Company
14.3.6 Shandong Moon Technology
14.3.7 Pioneer Engineering Works
14.3.8 Shree Balaji Engineering Works
14.3.9 Cannon Boiler Works, Inc
14.3.10 Lianyungang Lide Power Equipment
