The global Combi Coolers Market is anticipated at USD 232 million in 2022. Demand is likely to remain high for combi coolers during the assessment period. This is due to the increased application in various end-use industries and garnering USD 348 million in 2033, recording a CAGR of 3.8% from 2023 to 2033. The market is likely to secure USD 240 million in 2023.
| Data Points | Key Statistics |
|---|---|
| Combi Coolers Market Size Value in 2023 | USD 232 million |
| Combi Coolers Market Forecast Value in 2033 | USD 348 million |
| Global Growth Rate | 3.8% |
| Forecast Period | 2023 to 2033 |
Europe is anticipated to hold a dominant share of the market due to increasing demand from industries such as heavy equipment and machinery. FMI has analyzed that Europe will hold 27.8% of the market share in 2022.
Aluminum, by material, currently accounts for more than 70% of the total market share as it has strong formability and corrosion resistance, both of which are important in the manufacturing of high-quality heat exchanger components.
Combi cooler negates the need for space-consuming condenser units, which are often expensive and need to be installed externally. They require less installation work, both indoors and outdoors, due to which demand for combi coolers is increasing. The combi cooler market accounts for around 64% of the global screw compressor market.
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| Historical CAGR (2018 to 2022) | 2.1 % |
|---|---|
| Forecasted CAGR (2023 to 2033) | 3.8% |
From 2018 to 2022, sales of combi cooler increased at a 2.1% CAGR and are projected to grow by 3.8% in 2023. The increase in year-over-year growth in 2022 is due to rising applications of combi coolers across various industries such as mining and construction, energy and transmission, and automotive and aerospace.
Manufacturers are providing combi coolers made of brazed aluminum materials with increased efficiency and reduced cost and equipment weight. Different styles of fins can be used and spaced at intervals to provide either a very dense cooling package, rugged construction, or larger air passages to help resist clogging.
Increasing demand for energy efficiency, coupled with more stringent noise emission requirements necessitate custom cooling systems tailored to the specific needs of combi coolers.
Continuous upgradation in government regulation towards emission control, coupled with the demand for customized screw compressors is anticipated to boost demand for combi coolers at a CAGR of 3.8% over the upcoming decade.
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Increasing Applications in Various End-Use Industries to Drive the Market Growth
Combi coolers are used because of their outstanding energy efficiency when it comes to cooling. They are made up of an ultra-compact AHU installation with an intelligently integrated system. This corresponds to the need of installed chilled beams, which are available in a variety of shapes and sizes.
A combi cooler eliminates the need for expensive, space-consuming condenser units that must be mounted outside. Manufacturers are providing a range of fin designs that may be used and spaced at different intervals to produce a dense cooling package, a sturdy structure, or larger air channels.
The amount of space used by today's Tier 4 diesel engines and all of their associated emissions systems has expanded substantially. Freeing up space on the machine has become a requirement, which is driving the demand for combi coolers.
Many of the world's top factories use screw compressors as an energy source. Screw compressors are increasingly used in the automotive, pharmaceutical, food and beverage, and oil and gas industries.
Manufacturers can now mass-produce complex products and equipment in less time because of the extensive usage and production of screw compressors. Increasing demand for screw compressors is positively impacting the growth in the combi cooler market.
Increasing Demand for Energy-Efficient Equipment Fueling Market Sales
Key manufacturers of combi coolers are developing energy-efficient combi coolers, especially with the global regulations to reduce their carbon footprint. They achieve this by supplying air to the combi cooler air handling unit, and this is cooled to 18°C instead of 15°C as is the case with dated systems.
This method eliminates the possibility of energy-intensive condensation, which might be challenging. Vacant meeting rooms do not get overheated because the supply air temperature is three degrees higher than the ambient temperature.
This keeps the temperature at its ideal level and eliminates the need for any extra cooling. This has significant benefits for energy use and can help save money for end users. The technological advancement in combi coolers is anticipated to create opportunities for growth in the market.
Rising Adoption of Combi Cooler in the Healthcare Sector in the United States Will Fuel Growth
In 2023, the United States combi cooler market is expected to register 3.5% year-on-year growth by volume in North America. The United States market is projected to witness steady growth during the forecast period as a result of new and innovative product development. FMI projects the United States market to surpass a valuation of USD 68.5 million by 2032.
The Increasing focus on energy efficiency, environmental regulations, and technological advancements contribute to the demand for efficient cooling solutions in the region. The growing adoption of heat recovery systems and the need for compact cooling solutions in offshore platforms and mobile equipment support market growth.
Increasing Demand for Combi Coolers in the Automotive Sector Will Boost Sales in Germany
Sales of combi coolers in Germany are expected to rise at nearly 4.6% CAGR over the forecast period. Development in chemical and electrical industries and the use of combi coolers in sectors such as automotive and aerospace and heavy equipment will drive the market. Total demand in the country is expected to reach a value of about USD 20.1 million by 2032.
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Demand for Aluminum Combi Cooler Will Gain Impetus
Based on material, sales in the aluminum segment are projected to increase at a CAGR of 4.1% in terms of value from 2023 to 2033. Aluminum has good formability and corrosion resistance, which are both significant qualities in the production of high-quality heat exchanger components.
Aluminum combi coolers are lightweight and have a compact design, making them suitable for various applications where space and weight considerations are important. Their low weight allows for easy installation and transportation.
The Adoption of Combi Cooler in the Oil & Gas Industry to Remain High
In terms of end use, demand for combi coolers in the oil & gas sector is forecast to create an absolute dollar opportunity of USD 17.5 million between 2023 and 2033. In the oil & gas industry, a combi cooler is used in devices such as drilling systems, pumping systems, gen-sets, and hydraulic power units. Sales in this segment are expected to rise at a 2.4% CAGR over the assessment period.
Combi coolers are commonly used for cooling compressors in oil and gas production and processing facilities. The compressors play a critical role in various processes, such as gas compression, vapor recovery, and gas reinjection. Combi coolers help maintain optimal operating temperatures for the compressors, ensuring their performance and reliability.
Leading combi cooler manufacturers are investing in product facility expansions to cater to the growing demand. They are also investing in mergers, acquisitions, and collaborations to improve their global presence. For instance:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.8% from 2023 to2033 |
| Market Value in 2023 | USD 240 million |
| Market Value in 2033 | USD 348 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Power, Material, End-Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of MEA |
| Key Companies Profiled | 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.; WUXI XINSHENG HEAT EXCHANGER TECHNOLOGY CO., LTD.; Delcot Engineering Pvt. Ltd.; Wuxi Better Technology Co., Ltd |
The global sales of combi coolers are poised to surge at 3.8% CAGR through 2033.
The global market could have a value of around USD 240 million in 2023.
Rising temperature is expected to drive German market at 4.6% CAGR through 2033.
The overall market witnessed a growth of 2.1% per year from 2018 to 2022.
Use of aluminum is expected to increase at 4.1% CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power 5.1. Up to 10 kW 5.2. 10 to 50 kW 5.3. 50 to 250 kW 5.4. 250 to 400 kW 5.5. Above 400 kW 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Aluminium 6.2. Copper 6.3. Brass 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Oil and Gas Industry 7.2. Chemical Industry 7.3. Energy and Transmission 7.4. Automotive and Aerospace 7.5. Mining and Material 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. HAINZL INDUSTRIESYSTEME GmbH 18.2. Standard Radiators Pvt. Ltd. 18.3. HYDAC INTERNATIONAL GmbH 18.4. EMMEGI Heat Exchangers Inc. 18.5. ROTORCOMP VERDICHTER GmbH 18.6. G&M Radiator 18.7. ACP (Changzhou) Heat Exchanger Co., Ltd. 18.8. KTR Systems GmbH 18.9. EMMEGI GmbH 18.10. Oesse Srl 18.11. Thermex Ltd 18.12. GDM Cooler Manufacturing Ltd 18.13. Dolphin Manufacturing LLC 18.14. Engendren Corporation 18.15. Horizon Enterprise 18.16. COMP AIR TREATMENT SYSTEM P. LTD. 18.17. Wuxi Guanyun Heat Exchanger Co., Ltd. 18.18. WUXI XINSHENG HEAT EXCHANGER TECHNOLOGY CO., LTD. 18.19. Delcot Engineering Pvt. Ltd. 18.20. Wuxi Better Technology Co., Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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Combi Cooler Market
