Air-Cooled Heat Exchanger Market

The air-cooled heat exchanger market is projected to reach USD 5.69 billion by 2029, at a CAGR of 7.5% from USD 3.96 billion in 2024. The growth of the global air-cooled heat exchanger market is fueled by growing demand in HVAC, refining and power applications. The major factors driving the market are growing demand of air-cooled heat exchanger due to cost-effective nature and operational advantages, rising energy efficiency regulations and stringent emission standards as well as increasing industrialization in emerging economies.

The key global players in the air-cooled heat exchanger market are ALFA LAVAL (Sweden), Kelvion Holding GmbH (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Xylem (US), Exchanger Industries Limited (Canada), SPX Cooling Tech, LLC (US), SNT Energy Co., Ltd. (South Korea), Thermax Limited (India), Baker Hughes Company (US), Chart Industries (US), Armstrong International Inc. (US), and KNM Group Berhad (Malaysia) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

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ALFA LAVAL

Alfa Laval is a global leader in the production of equipment for heat transfer, separation, and fluid handling equipment. Its key product offerings include separators, heat exchangers, pumps, and valves. The company operates through three business segments: Marine, Energy, and Food & Water. Its energy division provides air-cooled heat exchangers, offering a wide range of energy-efficient, high-performance systems for industrial air-cooled heat exchange. Alfa Laval also develops customized products for specific applications and conditions. Alfa Laval provides a broad selection of energy-efficient, high-performance systems for air-cooled heat exchange in industrial applications. It also provides customized products for specific applications and operating conditions. The company supplies products and solutions to numerous industries, including chemicals, energy, biotech & pharmaceuticals, food & beverages, marine, transportation, mining, minerals & pigment, machinery & manufacturing, semiconductors & electronics, metallurgy, automotive, and pulp & paper. Additionally, it offers a variety of services for heat exchangers, including installation, maintenance, and repair.. It operates 37 production units in Europe, Asia Pacific, the US, and South America, with 21,321 employees globally. The company has a sales and services presence in more than 100 countries, with 110 service centers in over 160 countries, and it works closely with its customers to deliver customized business solutions. Alfa Laval has a global business presence in North America, South America, the Middle East & Africa, Asia Pacific, and Europe.

Kelvion Holding GmbH

Kelvion Holding GmbH is a leading manufacturer and distributor of air-cooled heat exchangers. Formerly the heat exchanger division of GEA Group AG, it was acquired by Triton Fund (London) in 2014 and rebranded as Kelvion in 2015 to focus specifically on the heat exchanger market. Kelvion offers a wide range of air coolers, including blast freezers, counters, ceiling-mounted dual discharge units, cubic air coolers, and dielectric modular air coolers, serving industries such as food & beverage, refrigeration, and data centers. The company also provides after-sales services, including upgrades, modifications, maintenance, and spare parts supply. The company operates in 49 countries with over 4,000 employees and has partners in North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Related Reports:

Air-Cooled Heat Exchanger Market by Structure, Material (Stainless Steel, Carbon Steel), Type (Induced Draft, Forced Draft), Fin Design, Capacity, End-Use Industry (Oil & Gas, Power Generation, Data Center), and Region - Global Forecast to 2029

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