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Global Air Cooled Condenser market will reach 5240 million US$ by the end of 2025
The global Air Cooled Condenser market is valued at 2940 million US$ in 2017 and will reach 5240 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025.
Publisher: QYResearch
Published Date: 2018/8/21
Air cooled condenser is the large industrial heat exchange equipment which uses the air in nature to cool (condensate) processing fluid. Compared to the water cooled method, it boasts advantages of sufficient and free cold source, saving cooling water and reducing environmental pollution, low maintenance cost and others. There are power plant air cooled condenser and petrochemical air cooled condenser according to different application field.
The market is not only influenced by the price, but also influenced by the product performance. Although Asia-Pacific ex China domestic companies have price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The global Air Cooled Condenser market is valued at 2940 million US$ in 2017 and will reach 5240 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-08-20 22:59:23
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- Item ID: 14960850