In 2022, it is projected that the market for combi coolers would be worth US$ 232 million. Combi cooler demand is anticipated to stay high during the assessment period. This is because the application is being used more frequently across a wider range of end-use sectors, bringing in US$ 348 million in 2033 and registering a CAGR of 3.8% from 2023 to 2033. In 2023, the market is anticipated to generate US$ 240 million.
Sales in the global combi cooler market are anticipated to increase at a value CAGR of 3.7% from 2022 to 2032, reaching a valuation of more than US$ 332.3 Million by that year. In response to increased demand from end-use sectors like oil & gas, chemical, energy & transmission, automotive & aerospace, and heavy machinery manufacturing, the combi cooler market is anticipated to expand.
The greatest manufacturers in the world frequently use screw compressors as a power source. Screw compressors are widely employed in the oil and gas, pharmaceutical, food and beverage, and automotive industries, allowing producers to mass produce complicated items and machines more quickly. Thus, the growing demand for screw compressors is driving growth in the market for combi coolers.
The use of a combi cooler eliminates the need for large, costly, and difficult-to-install condenser units. Additionally, combi coolers are in high demand since they require less installation effort indoors and outside.
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“Increasing need for sustainable and economical solutions for heat exchangers within various end-use sectors such as the heavy machinery industry and energy & transmission are creating opportunities for growth in the market,” says an FMI analyst.
Key Takeaways:
- Based on power, the 250 to 400 Kw combi cooler segment will account for 33.5% of the total market share in 2022.
- By material, sales of aluminum combi cooler will hold about 69.3% of the total market share.
- In terms of end use, the oil & gas segment will create an absolute dollar opportunity worth US$ 16.7 Mn during the forecast period.
- By 2032, Europe is expected to have the largest share in the global market, accounting for around 27% share.
Market Landscape
HAINZL INDUSTRIESYSTEME GmbH, Standard Radiators Pvt. Ltd., HYDAC INTERNATIONAL GmbH, EMMEGI Heat Exchangers Inc., ROTORCOMP VERDICHTER GmbH, G&M Radiator, ACP (Changzhou) Heat Exchanger Co., Ltd., KTR Systems GmbH, EMMEGI GmbH, Oesse Srl, Thermex Ltd, GDM Cooler Manufacturing Ltd, Dolphin Manufacturing LLC, Engendren Corporation, Horizon Enterprise, COMP AIR TREATMENT SYSTEM P. LTD. ,Wuxi Guanyun Heat Exchanger Co.,Ltd., and WUXI XINSHENG HEAT EXCHANGER TECHNOLOGY CO.,LTD are some of the key manufacturers of combi coolers.
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Key Segments Covered in Combi Cooler Market Analysis
By Power:
- Upto 10 Kw
- 10 to 50 Kw
- 50 to 250 Kw
- 250 to 400 Kw
- Above 400 Kw
By Material:
- Aluminium
- Copper
- Brass
- Others
By End Use:
- Oil and Gas Industry
- Chemical Industry
- Energy and Transmission
- Automotive and Aerospace
- Mining and Material
- Others Manufacturing Machineries
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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