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

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



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 rapid industrialization and urbanization in countries like China, India, and various Southeast Asian nations have led to a significant rise in energy consumption and a heightened need for efficient cooling solutions. This demand is further supported by the growth of key industries, including oil and gas, power generation, and chemical manufacturing, which depend on reliable heat exchange systems to enhance operational efficiency. Moreover, government initiatives aimed at promoting energy conservation and sustainable practices are encouraging investments in cutting-edge heat exchanger technologies. The region's conducive climate, which requires effective cooling solutions, also plays a role in the increasing preference for air-cooled heat exchangers.

“Based on structure, non-ducted is expected to be the second fastest growing market during the forecast period, in terms of value.”

Non-ducted air-cooled heat exchangers are experiencing rapid growth and are recognized as the second fastest-growing structure in the air-cooled heat exchanger market due to their inherent advantages and increasing applications across various industries. Their design eliminates the need for ductwork, which simplifies installation and reduces overall system costs. This type of heat exchanger is particularly appealing for applications where space is limited or where installation flexibility is paramount. Additionally, non-ducted systems provide efficient heat transfer with lower pressure drops, resulting in energy savings and improved performance.

Based on type, forced draft is expected to be the third fastest growing market during the forecast period, in terms of value.”

Forced draft air-cooled heat exchangers are identified as the third fastest-growing type in the air-cooled heat exchanger market due to their efficient cooling capabilities and versatility in various industrial applications. This type utilizes fans to push ambient air over the heat exchange surface, enhancing heat transfer efficiency and ensuring effective cooling even in high ambient temperatures. Their design allows for a compact footprint, making them suitable for space-constrained environments. The growing demand for energy-efficient solutions in sectors such as oil and gas, chemical processing, and power generation has propelled the adoption of forced draft systems, as they help reduce operational costs and improve energy savings. Moreover, advancements in fan technology and control systems have further optimized the performance of forced draft air-cooled heat exchangers, increasing their appeal.

Based on material, carbon steel is expected to be the third fastest growing market during the forecast period, in terms of value.”

Carbon steel air-cooled heat exchangers are emerging as the third fastest-growing material in the air-cooled heat exchanger market, primarily due to their favorable combination of strength, cost-effectiveness, and durability. Carbon steel offers excellent mechanical properties, making it suitable for a wide range of industrial applications where robust performance is essential. Its relatively low cost compared to other materials, such as stainless steel or titanium, makes it an attractive option for manufacturers seeking to optimize their budgets without compromising quality. Additionally, advancements in coating technologies have enhanced the corrosion resistance of carbon steel, enabling its use in more demanding environments, including those with harsh operating conditions. As industries increasingly focus on achieving a balance between performance and cost-efficiency, the demand for carbon steel air-cooled heat exchangers continues to rise, solidifying their position as a preferred choice in the market.

Based on capacity, 201-500 KW is expected to be the second fastest growing market during the forecast period, in terms of value.”

The growth of air-cooled heat exchangers in the 201-500 kW capacity range is driven by several interconnected factors that enhance their attractiveness across various industries. This capacity range is particularly well-suited for high-demand applications in sectors such as oil and gas, petrochemicals, and power generation, where efficient heat transfer is essential. Air-cooled heat exchangers are designed to operate effectively in high-temperature and high-pressure conditions, making them ideal for industries that require robust solutions to manage thermal loads efficiently.

“Based on end-use industry, power generation is the second fastest market during the forecast period, in terms of value.”

The power generation industry is the second fastest-growing end-use sector in the air-cooled heat exchanger market due to several compelling factors. One primary driver is the industry's need for efficient thermal management solutions, particularly as power plants seek to enhance their operational efficiency and reduce environmental impact. Air-cooled heat exchangers are increasingly favored because they eliminate the need for water, making them particularly suitable for regions facing water scarcity or stringent regulations regarding water consumption. Additionally, as the energy landscape shifts towards renewable sources, such as solar and wind, power generation facilities require cooling solutions that can operate effectively under varying temperature and pressure conditions. The technological advancements in air-cooled heat exchangers have further improved their performance and reliability, allowing them to meet the demanding requirements of modern power generation systems.

“Based on region, Middle East & Africa is the second fastest growing market for air-cooled heat exchanger in 2023, in terms of value.”

The Middle East and Africa (MEA) region is the second fastest-growing area in the air-cooled heat exchanger market, driven by a combination of environmental and economic factors. The region's climate, characterized by high temperatures and limited water resources, creates a pressing need for efficient cooling solutions that do not rely on water. As industries such as oil and gas, petrochemicals, and power generation expand in the MEA, the demand for air-cooled heat exchangers has surged due to their ability to operate effectively in harsh conditions while minimizing water usage. Additionally, increasing investments in infrastructure and energy projects, along with the region's focus on sustainability and environmental regulations, are encouraging the adoption of air-cooled technologies.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the air-cooled heat exchanger market, and information was gathered from secondary research to determine and verify the market size of several segments:

By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%

By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%

By Region: North America – 22%, Europe – 22%, APAC – 45% and RoW- 11%

The key players in this 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).

Research Coverage

This report segments the air-cooled heat exchanger market based on structure, material, type, fin design, capacity, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the air-cooled heat exchanger market.

Key benefits of buying this report

This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the air-cooled heat exchanger market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (Increasing industrialization in emerging economies, Rising energy efficiency regulations and stringent emission standards, Growing demand due to cost-effective nature and operational advantages, Rising demand in HVAC, refining, and power generation industry), restraints (Fluctuation in raw material prices, High initial capital investment, Maintenance challenge for air-cooled heat exchanger), opportunities (Growing demand from data centers) and challenges (Noise generation from air-cooled heat exchanger, Competition from alternative technologies).

Market Penetration: Comprehensive information on the air-cooled heat exchanger market offered by top players in the global air-cooled heat exchanger market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the air-cooled heat exchanger market.

Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for air-cooled heat exchanger market across regions.

Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global air-cooled heat exchanger market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the air-cooled heat exchanger market


Tables List
Table 1 Major Factors Driving Ache Adoption In Emerging Countries
Table 2 Regulations Related To Air-cooled Heat Exchangers (Aches)
Table 3 Air-cooled Heat Exchanger Market: Porter’s Five Forces Analysis
Table 4 Influence Of Stakeholders On Buying Process, By End-use Industry (%)
Table 5 Key Buying Criteria, By End-use Industry
Table 6 Trends Of Per Capita Gdp, By Country, 2020–2023 (Usd)
Table 7 Gdp Growth Estimate And Projection, By Key Country, 2024–2027 (Usd)
Table 8 Oil Production, By Country, 2021–2023 (Thousand Barrels Day)
Table 9 Power Generated In Key Countries, 2019–2022 (Terawatt Hour [Twh])
Table 10 North America: Regulatory Bodies, Government Agencies, And Other Organizations
Table 11 Asia Pacific: Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Europe: Regulatory Bodies, Government Agencies, And Other Organizations
Table 13 Roles Of Companies In Air-cooled Heat Exchanger Ecosystem
Table 14 Air-cooled Heat Exchanger Market: List Of Key Conferences And Events, 2024–2025
Table 15 Top 10 Patent Owners During Last Twelve Years, 2013–2023
Table 16 Average Selling Price Trend Of Aches, By Region, 2021–2024 (Usd/Unit)
Table 17 Indicative Pricing Of Aches Offered By Key Players, By Type,
2023 (Usd/Unit)
Table 18 Air-cooled Heat Exchanger Market, By Type, 2021–2023 (Usd Million)
Table 19 Air-cooled Heat Exchanger Market, By Type, 2024–2029 (Usd Million)
Table 20 Air-cooled Heat Exchanger Market, By Structure,
2021–2023 (Usd Million)
Table 21 Air-cooled Heat Exchanger Market, By Structure,
2024–2029 (Usd Million)
Table 22 Air-cooled Heat Exchanger Market, By Material,
2021–2023 (Usd Million)
Table 23 Air-cooled Heat Exchanger Market, By Material,
2024–2029 (Usd Million)
Table 24 Air-cooled Heat Exchanger Market, By Fin Design,
2021–2023 (Usd Million)
Table 25 Air-cooled Heat Exchanger Market, By Fin Design,
2024–2029 (Usd Million)
Table 26 Air-cooled Heat Exchanger Market, By Capacity,
2021–2023 (Usd Million)
Table 27 Air-cooled Heat Exchanger Market, By Capacity,
2024–2029 (Usd Million)
Table 28 Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 29 Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 30 Air-cooled Heat Exchanger Market, By Region, 2021–2023 (Usd Million)
Table 31 Air-cooled Heat Exchanger Market, By Region, 2024–2029 (Usd Million)
Table 32 Air-cooled Heat Exchanger Market, By Region,
2021–2023 (Thousand Units)
Table 33 Air-cooled Heat Exchanger Market, By Region,
2024–2029 (Thousand Units)
Table 34 North America: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Usd Million)
Table 35 North America: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Usd Million)
Table 36 North America: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Thousand Units)
Table 37 North America: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Thousand Units)
Table 38 North America: Heat Exchanger Market, By Type,
2021–2023 (Usd Million)
Table 39 North America: Heat Exchanger Market, By Type,
2024–2029 (Usd Million)
Table 40 North America: Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 41 North America: Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 42 Us: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 43 Us: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 44 Canada: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 45 Canada: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 46 Mexico: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 47 Mexico: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 48 Europe: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Usd Million)
Table 49 Europe: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Usd Million)
Table 50 Europe: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Thousand Units)
Table 51 Europe: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Thousand Units)
Table 52 Europe: Air-cooled Heat Exchanger Market, By Type,
2021–2023 (Usd Million)
Table 53 Europe: Air-cooled Heat Exchanger Market, By Type,
2024–2029 (Usd Million)
Table 54 Europe: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 55 Europe: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 56 Germany: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 57 Germany: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 58 France: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 59 France: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 60 Uk: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 61 Uk: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 62 Italy: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 63 Italy: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 64 Switzerland: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 65 Switzerland: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 66 Spain: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 67 Spain: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 68 Rest Of Europe: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 69 Rest Of Europe: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 70 Asia Pacific: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Usd Million)
Table 71 Asia Pacific: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Usd Million)
Table 72 Asia Pacific: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Thousand Units)
Table 73 Asia Pacific: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Thousand Units)
Table 74 Asia Pacific: Air-cooled Heat Exchanger Market, By Type,
2021–2023 (Usd Million)
Table 75 Asia Pacific: Air-cooled Heat Exchanger Market, By Type,
2024–2029 (Usd Million)
Table 76 Asia Pacific: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 77 Asia Pacific: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 78 China: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 79 China: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 80 Japan: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 81 Japan: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 82 India: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 83 India: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 84 South Korea: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 85 South Korea: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 86 Rest Of Asia Pacific: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 87 Rest Of Asia Pacific: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 88 Middle East & Africa: Air-cooled Heat Exchanger Market, By Country, 2021–2023 (Usd Million)
Table 89 Middle East & Africa: Air-cooled Heat Exchanger Market, By Country, 2024–2029 (Usd Million)
Table 90 Middle East & Africa: Air-cooled Heat Exchanger Market, By Country, 2021–2023 (Thousand Unit)
Table 91 Middle East & Africa: Air-cooled Heat Exchanger Market, By Country, 2024–2029 (Thousand Unit)
Table 92 Middle East & Africa: Air-cooled Heat Exchanger Market, By Type, 2021–2023 (Usd Million)
Table 93 Middle East & Africa: Air-cooled Heat Exchanger Market, By Type, 2024–2029 (Usd Million)
Table 94 Middle East & Africa: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 95 Middle East & Africa: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 96 South Africa: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 97 South Africa: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 98 Gcc Countries: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 99 Gcc Countries: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 100 Saudi Arabia: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 101 Saudi Arabia: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 102 Other Gcc Countries: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 103 Other Gcc Countries: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 104 Rest Of Middle East & Africa: Air-cooled Heat Exchanger Market,
By End-use Industry, 2021–2023 (Usd Million)
Table 105 Rest Of Middle East & Africa: Air-cooled Heat Exchanger Market,
By End-use Industry, 2024–2029 (Usd Million)
Table 106 South America: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Usd Million)
Table 107 South America: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Usd Million)
Table 108 South America: Air-cooled Heat Exchanger Market, By Country,
2021–2023 (Thousand Units)
Table 109 South America: Air-cooled Heat Exchanger Market, By Country,
2024–2029 (Thousand Units)
Table 110 South America: Air-cooled Heat Exchanger Market, By Type,
2021–2023 (Usd Million)
Table 111 South America: Air-cooled Heat Exchanger Market, By Type,
2024–2029 (Usd Million)
Table 112 South America: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 113 South America: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 114 Brazil: Air-cooled Heat Exchanger Market, By End-use Industry,
2021–2023 (Usd Million)
Table 115 Brazil: Air-cooled Heat Exchanger Market, By End-use Industry,
2024–2029 (Usd Million)
Table 116 Argentina: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 117 Argentina: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 118 Rest Of South America: Air-cooled Heat Exchanger Market, By End-use Industry, 2021–2023 (Usd Million)
Table 119 Rest Of South America: Air-cooled Heat Exchanger Market, By End-use Industry, 2024–2029 (Usd Million)
Table 120 Air-cooled Heat Exchanger Market: Overview Of Key Strategies Adopted By Major Players, 2020–2024
Table 121 Air-cooled Heat Exchanger Market: Degree Of Competition, 2023
Table 122 Air-cooled Heat Exchanger Market: Structure Footprint
Table 123 Air-cooled Heat Exchanger Market: Material Footprint
Table 124 Air-cooled Heat Exchanger Market: Type Footprint
Table 125 Air-cooled Heat Exchanger Market: Fin Design Footprint
Table 126 Air-cooled Heat Exchanger Market: Capacity Footprint
Table 127 Air-cooled Heat Exchanger Market: End-use Industry Footprint
Table 128 Air-cooled Heat Exchanger Market: Region Footprint
Table 129 Air-cooled Heat Exchanger Market: Detailed List Of Key Startups/Smes
Table 130 Air-cooled Heat Exchanger Market: Product Launches,
January 2020–april 2024
Table 131 Air-cooled Heat Exchanger Market: Deals, January 2020–april 2024
Table 132 Air-cooled Heat Exchanger Market: Expansions,
January 2020–april 2024
Table 133 Alfa Laval: Company Overview
Table 134 Alfa Laval: Products/Solutions/Services Offered
Table 135 Alfa Laval: Product Launches
Table 136 Alfa Laval: Deals
Table 137 Alfa Laval: Expansions
Table 138 Kelvion Holding Gmbh: Company Overview
Table 139 Kelvion Holding Gmbh: Products/Solutions/Services Offered
Table 140 Kelvion Holding Gmbh: Product Launches
Table 141 Kelvion Holding Gmbh: Deals
Table 142 Kelvion Holding Gmbh: Expansions
Table 143 Kawasaki Heavy Industries, Ltd.: Company Overview
Table 144 Kawasaki Heavy Industries, Ltd.: Products/Solutions/Services Offered
Table 145 Xylem: Company Overview
Table 146 Xylem: Products/Solutions/Services Offered
Table 147 Chart Industries: Company Overview
Table 148 Chart Industries: Products/Solutions/Services Offered
Table 149 Chart Industries: Deals
Table 150 Exchanger Industries Limited: Company Overview
Table 151 Exchanger Industries Limited: Product Offerings
Table 152 Exchangers Industries Limited: Deals
Table 153 Spx Cooling Tech, Llc: Company Overview
Table 154 Spx Cooling Tech, Llc: Products/Solutions/Services Offered
Table 155 Spx Cooling Tech, Llc: Deals
Table 156 Spx Cooling Tech, Llc: Expansions
Table 157 Snt Energy Co., Ltd.: Company Overview
Table 158 Snt Energy Co., Ltd.: Products/Solutions/Services Offered
Table 159 Snt Energy Co., Ltd.: Deals
Table 160 Thermax Limited: Company Overview
Table 161 Thermax Limited: Products/Solutions/Services Offered
Table 162 Baker Hughes Company: Company Overview
Table 163 Baker Hughes Company: Products/Solutions/Services Offered
Table 164 Spg Dry Cooling: Company Overview
Table 165 Boldrocchi: Company Overview
Table 166 United Heat Transfer: Company Overview
Table 167 Delta T Heat Exchangers: Company Overview
Table 168 Dry Coolers, Inc.: Company Overview
Table 169 Funkewärmetauscher Apparatebau Gmbh: Company Overview
Table 170 Spiro-gills Thermal Products Ltd: Company Overview
Table 171 Vikrant Heat Exchangers Pvt. Ltd.: Company Overview
Table 172 Advanced Coil Technology, Llc: Company Overview
Table 173 Armstrong International Inc.: Company Overview
Table 174 Knm Group Berhad: Company Overview
Table 175 Exact Exchanger Incorporated: Company Overview
Table 176 Baffles Cooling Systems: Company Overview
Table 177 Fintherm: Company Overview
Table 178 Allied Heat Transfer: Company Overview
Figures List
Figure 1 Air-cooled Heat Exchanger Market Segmentation And Regional Scope
Figure 2 Air-cooled Heat Exchanger Market: Research Design
Figure 3 Air-cooled Heat Exchanger Market: Bottom-up Approach
Figure 4 Air-cooled Heat Exchanger Market: Top-down Approach
Figure 5 Market Size Estimation: Top-down Approach
Figure 6 Demand-side Forecast Projections
Figure 7 Air-cooled Heat Exchanger Market: Data Triangulation
Figure 8 Forced Draft Segment To Hold Largest Share Of Air-cooled Heat Exchanger Market In 2029
Figure 9 Carbon Steel Segment To Hold Largest Share Of Air-cooled Heat Exchanger Market In 2029
Figure 10 G Fin Segment To Hold Largest Share Of Air-cooled Heat Exchanger Market In 2029
Figure 11 50–200 Kw Segment To Hold Largest Share Of Air-cooled Heat Exchanger Market In 2029
Figure 12 Oil & Gas Segment To Hold Largest Share Of Air-cooled Heat Exchanger Market In 2029
Figure 13 Asia Pacific To Be Fastest-growing Market For Air-cooled Heat Exchangers During Forecast Period
Figure 14 Rising Demand For Aches From Power Industry In Asia Pacific To Create Lucrative Opportunities For Market Players
Figure 15 India To Register Highest Cagr In Air-cooled Heat Exchanger Market During Forecast Period
Figure 16 Air-cooled Heat Exchanger Market: Drivers, Restraints, Opportunities, And Challenges
Figure 17 Air-cooled Heat Exchanger Market: Porter’s Five Forces Analysis
Figure 18 Influence Of Stakeholders On Buying Process, By End-use Industry
Figure 19 Key Buying Criteria, By End-use Industry
Figure 20 Air-cooled Heat Exchanger Market: Value Chain Analysis
Figure 21 Import Data Related To Hs Code 841950-compliant Products, Key Country, 2019–2023 (Usd Million)
Figure 22 Export Data Related To Hs Code 841950-compliant Products, Key Country, 2019–2023 (Usd Million)
Figure 23 Air-cooled Heat Exchanger Market: Ecosystem Analysis
Figure 24 Trends/Disruptions Influencing Customer Business
Figure 25 Air-cooled Heat Exchanger Market: Granted Patents
Figure 26 Number Of Patents Per Year, 2013–2023
Figure 27 Legal Status Of Patents, 2013–2023
Figure 28 Top Jurisdiction, By Document, 2013-2023
Figure 29 Top 10 Patent Applicants, 2013–2023
Figure 30 Average Selling Price Trend Of Aches, By Region, 2021–2024 (Usd/Unit)
Figure 31 Air-cooled Heat Exchanger Market: Investment And Funding Scenario, 2019–2023 (Usd Million)
Figure 32 Forced Draft Segment To Account For Largest Market Share In 2024
Figure 33 Ducted Segment To Account For Largest Market Share In 2024
Figure 34 Carbon Steel Segment To Account For Largest Market Share In 2024
Figure 35 G Fin Segment To Account For Largest Market Share In 2024
Figure 36 51–200 Kw Segment To Account For Largest Market Share In 2024
Figure 37 Oil & Gas Segment To Account For Largest Market Share In 2024
Figure 38 India To Be Fastest-growing Market For Air-cooled Heat Exchangers During Forecast Period
Figure 39 North America: Air-cooled Heat Exchanger Market Snapshot
Figure 40 Europe: Air-cooled Heat Exchanger Market Snapshot
Figure 41 Air-cooled Heat Exchanger Market: Revenue Analysis Of Key Companies, 2021–2023
Figure 42 Air-cooled Heat Exchanger Market Share Analysis, 2023
Figure 43 Air-cooled Heat Exchanger Market: Company Valuation Of Leading Companies, 2023
Figure 44 Air-cooled Heat Exchanger Market: Financial Metrics Of Leading Companies, 2023
Figure 45 Air-cooled Heat Exchanger Market: Brand/Product Comparison
Figure 46 Air-cooled Heat Exchanger Market: Company Evaluation Matrix
(Key Players), 2023
Figure 47 Air-cooled Heat Exchanger Market: Company Footprint
Figure 48 Air-cooled Heat Exchanger Market: Company Evaluation Matrix (Startups/Smes), 2023
Figure 49 Air-cooled Heat Exchanger Market: Competitive Benchmarking Of Startups/Smes
Figure 50 Alfa Laval: Company Snapshot
Figure 51 Kawasaki Heavy Industries, Ltd.: Company Snapshot
Figure 52 Xylem: Company Snapshot
Figure 53 Chart Industries: Company Snapshot
Figure 54 Spx Technologies: Company Snapshot
Figure 55 Thermax Limited: Company Snapshot
Figure 56 Baker Hughes Company: Company Snapshot

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered And Regional Scope
1.3.2 Inclusions And Exclusions
1.3.3 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 List Of Primary Interview Participants (Demand And Supply Side)
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown Of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-up Approach
2.2.2 Top-down Approach
2.3 Forecast Number Calculation
2.4 Data Triangulation
2.5 Factor Analysis
2.6 Research Assumptions
2.7 Research Limitations And Risk Assessment
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities For Players In Air-cooled Heat Exchanger Market
4.2 Air-cooled Heat Exchanger Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Industrialization In Emerging Economies
5.2.1.2 Rising Energy Efficiency Regulations And Stringent Emission Standards
5.2.1.3 Cost-effectiveness And High Operational Efficiency
5.2.1.4 Rising Demand In Hvac, Refining, And Power Generation Industries
5.2.2 Restraints
5.2.2.1 Fluctuations In Raw Materials Prices
5.2.2.2 High Initial Capital Investment
5.2.2.3 Maintenance Challenge Associated With Air-cooled Heat Exchangers (Aches)
5.2.3 Opportunities
5.2.3.1 Growing Demand From Data Centers
5.2.4 Challenges
5.2.4.1 High Noise Generation
5.2.4.2 Growing Use Of Alternative Technologies
5.3 Porter’s Five Forces Analysis
5.3.1 Threat Of Substitutes
5.3.2 Bargaining Power Of Suppliers
5.3.3 Threat Of New Entrants
5.3.4 Bargaining Power Of Buyers
5.3.5 Intensity Of Competitive Rivalry
5.4 Key Stakeholders And Buying Criteria
5.4.1 Key Stakeholders In Buying Process
5.4.2 Buying Criteria
5.5 Macroeconomic Indicators
5.5.1 Global Gdp Trends
5.5.2 Oil & Gas Statistics
5.5.3 Power Generation Statistics
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Regulatory Landscape
6.3.1 Regulations
6.3.1.1 North America
6.3.1.2 Europe
6.3.1.3 Asia Pacific
6.3.2 Standards
6.3.2.1 Iso 13706:2011
6.3.2.2 Asme Performance Test Code (Ptc)
6.3.2.3 American Petroleum Institute (Api) Standard 661
6.3.2.4 En 13445 Standard
6.3.3 Regulatory Bodies, Government Agencies, And Other Organizations
6.4 Trade Analysis
6.4.1 Import Scenario (Hs Code 841950)
6.4.2 Export Scenario (Hs Code 841950)
6.5 Ecosystem Analysis
6.6 Trends/Disruptions Impacting Customer Business
6.7 Case Study Analysis
6.7.1 Spg Dry Cooling Provided Single-row Condenser (Src) Air-cooled Condenser (Acc) Technology To Age Denizli Combined Cycle Power Plant To Meet Cooling Requirements Without Water Consumption
6.7.2 Alfa Laval Upgraded Ache System Of European Fertilizer Plant
6.7.3 Boldrocchi Designed And Produced Nine High-performance Aches For Complex Oil & Gas (O&G) Project In Kazakhstan
6.7.4 Dry Coolers, Inc. Partnered With Nrg Energy To Provide Robust Solutions For Aches At Power Plant
6.8 Technology Analysis
6.8.1 Key Technologies
6.8.1.1 Finned Tube Technology
6.8.1.2 Hybrid Air-cooled Heat Exchangers (Aches)
6.8.2 Complementary Technologies
6.8.2.1 Phase Change Cooling (Pcc) Technology
6.9 Key Conferences And Events, 2024–2025
6.10 Patent Analysis
6.10.1 Methodology
6.10.2 Document Types
6.10.3 Publication Trends In Last 10 Years
6.10.4 Insights
6.10.5 Legal Status Of Patents
6.10.6 Jurisdiction Analysis
6.10.7 Top Applicants
6.11 Pricing Analysis
6.11.1 Average Selling Price Trend, By Region
6.11.2 Indicative Pricing Of Key Players, By Type
6.12 Investment And Funding Scenario
6.13 Impact Of Gen Ai
7 Air-cooled Heat Exchanger Market, By Type
7.1 Introduction
7.2 Forced Draft
7.2.1 Low Manufacturing And Maintenance Costs To Drive Demand
7.3 Induced Draft
7.3.1 Capability To Effectively Handle High Heat Loads To Fuel Demand
7.4 Other Types
8 Air-cooled Heat Exchanger Market, By Structure
8.1 Introduction
8.2 Ducted
8.2.1 Potential To Enhance Heat Transfer Efficiency Through Improved Airflow Management To Fuel Demand
8.3 Non-ducted
8.3.1 Easy Installation And Maintenance Features To Drive Demand
8.4 Other Structures
9 Air-cooled Heat Exchanger Market, By Material
9.1 Introduction
9.2 Carbon Steel
9.2.1 Cost-effectiveness, Durability, And High Mechanical Strength To Drive Demand
9.3 Stainless Steel
9.3.1 Capability To Protect Aches Against Corrosion And Oxidation And Increasing Focus On Sustainability And Enhancing Energy Efficiency To Drive Demand
9.4 Other Materials
10 Air-cooled Heat Exchanger Market, By Fin Design
10.1 Introduction
10.2 L Fin
10.2.1 Capability To Enhance Thermal Performance By Maximizing Surface Area To Drive Demand
10.3 G Fin
10.3.1 Rising Use To Improve Thermal Efficiency And Performance Across Various Industrial Applications To Fuel Market Growth
10.4 Extruded Fin
10.4.1 High Corrosion Resistance, Robustness, And Adaptable Fin Design To Drive Demand
10.5 Other Fin Designs
11 Air-cooled Heat Exchanger Market, By Capacity
11.1 Introduction
11.2 <10 Kw Capacity
11.2.1 Rising Use For Small-scale Applications In Oil & Gas Industry To Drive Market
11.3 11–50 Kw Capacity
11.3.1 Capability To Operate At Optimal Temperature And Provide Efficient Thermal Management For Data Center Applications To Fuel Demand
11.4 51–200 Kw Capacity
11.4.1 Growing Adoption In Natural Gas Processing Plants Where Precise Temperature Control Is Essential For Optimal Performance To Propel Market
11.5 201–500 Kw Capacity
11.5.1 High Use In Oil & Gas Refineries And Large It Infrastructures To Boost Market Growth
11.6 >500 Kw Capacity
11.6.1 Rising Demand In Large-scale Industrial Operations For Power Generation To Drive Market
12 Air-cooled Heat Exchanger Market, By End-use Industry
12.1 Introduction
12.2 Oil & Gas
12.2.1 Extensive Use In Oil & Gas Refineries And Processing Plants To Drive Market
12.3 Power Generation
12.3.1 Growing Adoption To Manage Thermal Loads In Power Plants And Ensure Efficient Operation And Reliability In Power Generation Applications To Fuel Market Growth
12.4 Data Centers
12.4.1 Increasing Demand From Enterprise Data Centers To Drive Market
12.4.1.1 Enterprise Data Centers
12.4.1.2 Colocation Data Centers
12.4.1.3 Edge Data Centers
12.4.1.4 Micro Data Centers
12.4.1.5 Other Data Centers
12.5 Other End-use Industries
13 Air-cooled Heat Exchanger Market, By Region
13.1 Introduction
13.2 North America
13.2.1 Us
13.2.1.1 Increasing Demand From Data Centers To Drive Market
13.2.2 Canada
13.2.2.1 Availability Of Vast Natural Resources To Contribute To Market Growth
13.2.3 Mexico
13.2.3.1 Rising Population And Power Demand To Drive Market
13.3 Europe
13.3.1 Germany
13.3.1.1 Energy Transition To Drive Market
13.3.2 France
13.3.2.1 Stringent Regulations To Achieve Carbon Neutrality To Fuel Market Growth
13.3.3 Uk
13.3.3.1 High Emphasis On Energy Efficiency And Sustainability In Data Center Design To Boost Market Growth
13.3.4 Italy
13.3.4.1 Innovations In Air-cooled Heat Exchanger Design To Drive Market
13.3.5 Switzerland
13.3.5.1 Increasing Demand For Efficient Cooling Solutions Across Various Industries To Drive Market
13.3.6 Spain
13.3.6.1 Rising Demand For Sustainable Cooling Solutions To Propel Market
13.3.7 Rest Of Europe
13.4 Asia Pacific
13.4.1 China
13.4.1.1 Rapid Industrialization And Expansion Of Various End-use Industries To Drive Market
13.4.2 Japan
13.4.2.1 Booming Food & Beverage, Construction, And Nuclear Power Industries To Propel Market
13.4.3 India
13.4.3.1 Rapid Industrialization In Energy And Power Generation Industries To Boost Demand
13.4.4 South Korea
13.4.4.1 Rising Commercial Construction To Boost Market Growth
13.4.5 Rest Of Asia Pacific
13.5 Middle East & Africa
13.5.1 South Africa
13.5.1.1 Rising Industrial Activities And Booming Mining, Petrochemical, And Power Generation Industries To Drive Market
13.5.2 Gcc Countries
13.5.2.1 Saudi Arabia
13.5.2.1.1 Rising Commercial Construction Activities And Hvac Industry To Drive Market
13.5.2.2 Rest Of Gcc Countries
13.5.3 Rest Of Middle East & Africa
13.6 South America
13.6.1 Brazil
13.6.1.1 Presence Of Large Oil & Gas Reserves To Drive Demand
13.6.2 Argentina
13.6.2.1 Expanding Energy Infrastructure To Drive Market
13.6.3 Rest Of South America
14 Competitive Landscape
14.1 Overview
14.2 Key Player Strategies/Right To Win
14.3 Revenue Analysis
14.4 Market Share Analysis
14.4.1 Alfa Laval
14.4.2 Kawasaki Heavy Industries, Ltd.
14.4.3 Chart Industries
14.4.4 Baker Hughes Company
14.4.5 Spx Cooling Tech, Llc
14.5 Company Valuation And Financial Metrics
14.6 Brand/Product Comparison Analysis
14.6.1 Alfa Laval Ace Model C
14.6.2 Kelvion Cmx
14.6.3 Fanex Series
14.6.4 Air-x-changers Model Eh
14.7 Company Evaluation Matrix: Key Players, 2023
14.7.1 Stars
14.7.2 Emerging Leaders
14.7.3 Pervasive Players
14.7.4 Participants
14.7.5 Company Footprint: Key Players, 2023
14.7.5.1 Company Footprint
14.7.5.2 Structure Footprint
14.7.5.3 Material Footprint
14.7.5.4 Type Footprint
14.7.5.5 Fin Design Footprint
14.7.5.6 Capacity Footprint
14.7.5.7 End-use Industry Footprint
14.7.5.8 Region Footprint
14.8 Company Evaluation Matrix: Startups/Smes, 2023
14.8.1 Progressive Companies
14.8.2 Responsive Companies
14.8.3 Dynamic Companies
14.8.4 Starting Blocks
14.8.5 Competitive Benchmarking: Startups/Smes, 2023
14.8.5.1 Detailed List Of Key Startups/Smes
14.8.5.2 Competitive Benchmarking Of Startups/Smes
14.9 Competitive Scenario
14.9.1 Product Launches
14.9.2 Deals
14.9.3 Expansions
15 Company Profiles
15.1 Key Players
15.1.1 Alfa Laval
15.1.1.1 Business Overview
15.1.1.2 Products/Solutions/Services Offered
15.1.1.3 Recent Developments
15.1.1.3.1 Product Launches
15.1.1.3.2 Deals
15.1.1.3.3 Expansions
15.1.1.4 Mnm View
15.1.1.4.1 Key Strengths/Right To Win
15.1.1.4.2 Strategic Choices
15.1.1.4.3 Weaknesses/Competitive Threats
15.1.2 Kelvion Holding Gmbh
15.1.2.1 Business Overview
15.1.2.2 Products/Solutions/Services Offered
15.1.2.3 Recent Developments
15.1.2.3.1 Product Launches
15.1.2.3.2 Deals
15.1.2.3.3 Expansions
15.1.2.4 Mnm View
15.1.2.4.1 Key Strengths/Right To Win
15.1.2.4.2 Strategic Choices
15.1.2.4.3 Weaknesses/Competitive Threats
15.1.3 Kawasaki Heavy Industries, Ltd.
15.1.3.1 Business Overview
15.1.3.2 Products/Solutions/Services Offered
15.1.3.3 Mnm View
15.1.3.3.1 Key Strengths/Right To Win
15.1.3.3.2 Strategic Choices
15.1.3.3.3 Weaknesses/Competitive Threats
15.1.4 Xylem
15.1.4.1 Business Overview
15.1.4.2 Products/Solutions/Services Offered
15.1.4.3 Mnm View
15.1.4.3.1 Key Strengths/Right To Win
15.1.4.3.2 Strategic Choices
15.1.4.3.3 Weaknesses/Competitive Threats
15.1.5 Chart Industries
15.1.5.1 Business Overview
15.1.5.2 Products/Solutions/Services Offered
15.1.5.3 Recent Developments
15.1.5.3.1 Deals
15.1.5.4 Mnm View
15.1.5.4.1 Key Strengths/Right To Win
15.1.5.4.2 Strategic Choices
15.1.5.4.3 Weaknesses/Competitive Threats
15.1.6 Exchanger Industries Limited
15.1.6.1 Business Overview
15.1.6.2 Products/Solutions/Services Offered
15.1.6.3 Recent Developments
15.1.6.3.1 Deals
15.1.6.4 Mnm View
15.1.7 Spx Cooling Tech, Llc
15.1.7.1 Business Overview
15.1.7.2 Products/Solutions/Services Offered
15.1.7.3 Recent Developments
15.1.7.3.1 Deals
15.1.7.3.2 Expansions
15.1.7.4 Mnm View
15.1.8 Snt Energy Co., Ltd.
15.1.8.1 Business Overview
15.1.8.2 Products/Solutions/Services Offered
15.1.8.3 Recent Developments
15.1.8.4 Mnm View
15.1.9 Thermax Limited
15.1.9.1 Business Overview
15.1.9.2 Products/Solutions/Services Offered
15.1.9.3 Mnm View
15.1.10 Baker Hughes Company
15.1.10.1 Business Overview
15.1.10.2 Products/Solutions/Services Offered
15.1.10.3 Mnm View
15.2 Other Players
15.2.1 Spg Dry Cooling
15.2.2 Boldrocchi
15.2.3 United Heat Transfer
15.2.4 Delta T Heat Exchangers
15.2.5 Dry Coolers, Inc.
15.2.6 Funkewärmetauscher Apparatebau Gmbh
15.2.7 Spiro-gills Thermal Products Ltd
15.2.8 Vikrant Heat Exchangers Pvt. Ltd.
15.2.9 Advanced Coil Technology, Llc
15.2.10 Armstrong International Inc.
15.2.11 Knm Group Berhad
15.2.12 Exact Exchanger Incorporated
15.2.13 Baffles Cooling Systems
15.2.14 Fintherm
15.2.15 Allied Heat Transfer
16 Appendix
16.1 Discussion Guide
16.2 Knowledgestore: Marketsandmarkets’ Subscription Portal
16.3 Customization Options
16.4 Related Reports
16.5 Author Details

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