Market Overview:
The global surface 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 power and HVAC across the globe. Additionally, the growing chemical industry is also expected to drive the growth of this market during the forecast period. On basis of type, central flow surface condensers are expected to dominate the global surface condenser market during 2018-2030 owing to their high efficiency and low maintenance cost as compared to other types of surface condensers. Regenerative surface condensers are projected to be fastest growing type segment during 2018-2030 due their ability regenerate waste heat into useful energy which helps in reducing overall operating costs for end users.
Product Definition:
A surface condenser is a type of heat exchanger used to cool water or other fluids. It is usually a horizontal pipe with many small tubes inside it. Cold water or another fluid flows through the small tubes, and the heat from the hot fluid flowing through the larger pipe warms up the cold liquid. This warm liquid can then be used to heat buildings, run machinery, or do other useful work.
Central Flow Surface Condenser:
The global central flow surface condenser market size was valued at USD 8.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Central flow structure offers higher heat transfer efficiency as compared to conventional plate and frame structures, which is anticipated to drive the growth of this market during the forecast period.
Central flow structure has lower space requirements as compared to plate.
Regenerative Surface Condenser:
Regenerative surface condenser is a heat exchanger which uses the natural convection effect to transfer thermal energy from one side to another without any external source of energy. The process does not use any fuel or electricity but rather depends upon the temperature difference between two media. In case of an oil-water mixture, water will be cooler than the oil and as a result it will form a vapor bubble on the cooler side of the condenser tube.
Application Insights:
The market is segmented on the basis of application into power plant, HVAC, chemical, and others. The other applications include food & beverage processing and pharmaceutical industries. In 2017, the power plant application dominated the global surface condenser market with a share of over 60%. This can be attributed to growing demand for electricity in developing countries such as India and China coupled with rapid industrialization in these regions.
Rapidly expanding electrical industry across emerging economies has resulted in an increased requirement for thermal energy storage systems that use frozen water as a source of stored energy.
Regional Analysis:
Asia Pacific dominated the global surface condenser market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of power plants, which require regular maintenance as well as periodic upgrading. This is expected to drive demand for HVAC systems, thereby driving growth over the forecast period.
North America accounted for a significant share of revenue in 2017 owing to growing environmental concerns coupled with stringent government regulations regarding carbon emission and water consumption associated with industrial operations.
The Middle East & Africa region is anticipated to witness substantial growth during the forecast years on account of increasing oil production across major economies including Saudi Arabia and UAE coupled with rising investments by various companies operating in these regions towards development of new facilities or expansion/replacement activities at existing facilities.
Growth Factors:
- Increasing demand from the power sector for surface condensers as a result of the growing need for electricity
- Rising investments in infrastructure development, which is expected to drive the market growth over the forecast period
- Growing demand for surface condensers from end-use industries such as oil & gas, petrochemicals, and others
- Technological advancements in surface condenser design and manufacturing that will improve performance and efficiency
- Stringent environmental regulations pertaining to emissions that are likely to mandate use of surface condensers in various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Surface Condenser Market Research Report
By Type
Central Flow Surface Condenser, Regenerative Surface Condenser, Evaporative Surface Condenser
By Application
Power Plant, HVAC, Chemical, Others
By Companies
Godrej, Watco Group, Chem Process Systems, Maarky Thermal Systems Inc., Balcke-Durr GmbH, Shrijee Group, Godrej
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Surface Condenser Market Report Segments:
The global Surface Condenser market is segmented on the basis of:
Types
Central Flow Surface Condenser, Regenerative Surface Condenser, Evaporative Surface Condenser
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
Power Plant, HVAC, Chemical, 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:
- Godrej
- Watco Group
- Chem Process Systems
- Maarky Thermal Systems Inc.
- Balcke-Durr GmbH
- Shrijee Group
- Godrej
Highlights of The Surface 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:
- Central Flow Surface Condenser
- Regenerative Surface Condenser
- Evaporative Surface Condenser
- By Application:
- Power Plant
- HVAC
- Chemical
- 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 Surface 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.
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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?
A surface condenser is a device that uses the heat of the sun to produce electricity. The sun's rays pass through a metal plate on top of a water tank, warming the water and turning it into steam. That steam is then used to turn turbines that create electricity.
Some of the major players in the surface condenser market are Godrej, Watco Group, Chem Process Systems, Maarky Thermal Systems Inc., Balcke-Durr GmbH, Shrijee Group, Godrej.
The surface condenser 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 Surface 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 Surface Condenser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surface 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 Surface 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 Surface Condenser Market Size & Forecast, 2018-2028
4.5.1 Surface Condenser Market Size and Y-o-Y Growth
4.5.2 Surface Condenser Market Absolute $ Opportunity
Chapter 5 Global Surface Condenser 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 Surface Condenser Market Size Forecast by Type
5.2.1 Central Flow Surface Condenser
5.2.2 Regenerative Surface Condenser
5.2.3 Evaporative Surface Condenser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Surface Condenser 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 Surface Condenser Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 HVAC
6.2.3 Chemical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surface 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 Surface 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 Surface Condenser Analysis and Forecast
9.1 Introduction
9.2 North America Surface Condenser 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 Surface Condenser Market Size Forecast by Type
9.6.1 Central Flow Surface Condenser
9.6.2 Regenerative Surface Condenser
9.6.3 Evaporative Surface Condenser
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 Surface Condenser Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 HVAC
9.10.3 Chemical
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 Surface Condenser Analysis and Forecast
10.1 Introduction
10.2 Europe Surface Condenser 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 Surface Condenser Market Size Forecast by Type
10.6.1 Central Flow Surface Condenser
10.6.2 Regenerative Surface Condenser
10.6.3 Evaporative Surface Condenser
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 Surface Condenser Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 HVAC
10.10.3 Chemical
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 Surface Condenser Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Surface Condenser 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 Surface Condenser Market Size Forecast by Type
11.6.1 Central Flow Surface Condenser
11.6.2 Regenerative Surface Condenser
11.6.3 Evaporative Surface Condenser
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 Surface Condenser Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 HVAC
11.10.3 Chemical
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 Surface Condenser Analysis and Forecast
12.1 Introduction
12.2 Latin America Surface Condenser 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 Surface Condenser Market Size Forecast by Type
12.6.1 Central Flow Surface Condenser
12.6.2 Regenerative Surface Condenser
12.6.3 Evaporative Surface Condenser
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 Surface Condenser Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 HVAC
12.10.3 Chemical
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) Surface Condenser Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Surface Condenser 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) Surface Condenser Market Size Forecast by Type
13.6.1 Central Flow Surface Condenser
13.6.2 Regenerative Surface Condenser
13.6.3 Evaporative Surface Condenser
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) Surface Condenser Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 HVAC
13.10.3 Chemical
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 Surface Condenser Market: Competitive Dashboard
14.2 Global Surface Condenser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Godrej
14.3.2 Watco Group
14.3.3 Chem Process Systems
14.3.4 Maarky Thermal Systems Inc.
14.3.5 Balcke-Durr GmbH
14.3.6 Shrijee Group
14.3.7 Godrej
