Combi cooler negates the need for space consuming condenser units, which are often expensive and need to be installed externally. Also, they require less installation work, both indoors and outdoors, due to which demand for combi coolers increase.
Over the forecast period of 2022-2032, sales in the global combi cooler market is projected to grow at a value CAGR of 3.7%, to reach a valuation of over US$ 332.3 Mn by 2032. The combi cooler market is predicted to grow in response to rising demand from end-use industries such as the oil & gas, chemical, energy & transmission, automotive & aerospace, and heavy machinery manufacturing.
Many of the world’s top factories use screw compressors as an energy source. In the oil & gas, pharmaceutical, food & beverage, and automotive industries, screw compressors are widely used, which allows manufacturers to mass produce complex products and machinery at a faster rate. Thus, the market for combi coolers is expanding as a result of the rising demand for screw compressors.
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:
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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About FMI – Industrial Automation
The industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.
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.
Aug 09, 2022
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