Global Aftercoolers Market Size study & Forecast, by Product (Air-cooled, Water-cooled) by Application (Oil & Gas, Chemicals, Power Generation, Food & Beverage, Others) and Regional Analysis, 2023-2030

PUBLISHED: February 20, 2024

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Global Aftercoolers Market is valued approximately at USD 1.33 billion in 2022 and is anticipated to grow with a growth rate of more than 6.5% over the forecast period 2023-2030. Aftercoolers are devices used in compressed air systems to cool down compressed air. This cooling process helps to remove moisture and reduce the temperature of the compressed air, making it more suitable for various applications such as HVAC Systems, industrial and pharmaceutical applications. Aftercoolers typically use ambient air or water to cool the compressed air, allowing it to condense and separate out any moisture or contaminants present in the air. The Aftercoolers market is expanding because of factors such as growing industrialization and manufacturing activities, expansion of the construction sector and rising demand for energy efficiency.

The burgeoning expansion of the construction sector is playing a pivotal role in propelling the growth of the Aftercoolers market. Compressed air serves as a fundamental utility in construction activities, powering a myriad of pneumatic tools and equipment essential for various tasks such as drilling, nailing, and sandblasting. As the construction industry continues to experience robust growth globally, the demand for efficient compressed air systems equipped with aftercoolers is witnessing a substantial upswing. According to Statista, the global Construction industry spending in year 2019, stood at USD 12 trillion which increased to USD 12.9 trillion in the year 2021 and it is projected to reach USD 19.2 trillion by the year 2035. In addition, increasing government regulations on limiting carbon emissions and ongoing technological advancements in aftercooler designs and materials are some factors driving the market growth. However, availability pf alternative technologies stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Aftercoolers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share. The region's leading position in the aftercoolers market is credited to legislation advocating for energy efficiency and the burgeoning industrial sector. This has fueled a robust Compound Annual Growth Rate (CAGR) in revenue. Anticipated growth in demand for smart aftercoolers in North America is driven by the integration of intelligent technologies within industrial operations. Manufacturers are actively meeting this demand by innovating energy-efficient aftercoolers, integrating features such as high-efficiency brushless motors, Internet of Things (IoT) connectivity, and Machine Learning (ML) capabilities. Europe is expected to grow at a fastest rate during the forecast period, owing to factors such as rising adoption of smart manufacturing technologies, rising industrialization, in the region.

Major market player included in this report are:

Atlas Copco AB
Gardner Denver, Inc.
Alfa Laval AB
Sullair LLC
General Electric Company
Ingersoll Rand, Inc.
Parker Hannifin Corporation
Kaeser Compressors, Inc.
Quincy Compressor LLC
Stewart & Stevenson LLC

Recent Developments in the Market:

In the year 2021, Atlas Copco AB announced acquisition of Scheugenpflug AG, a German company with expertise in adhesive bonding, dispensing, and potting systems tailored for the automotive and electronics sectors. This strategic acquisition is geared towards broadening Atlas Copco's array of products within the market.
In the year 2021, Alfa Laval introduced the Alfa Laval CB110, a novel series of compact aftercoolers tailored for air compressors. Noteworthy for their streamlined design, these aftercoolers facilitate straightforward installation and maintenance. Additionally, they boast high thermal efficiency and minimal pressure drop.

Global Aftercoolers Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Air-cooled
Water-cooled

By Application:

Oil & Gas
Chemicals
Power Generation
Food & Beverage
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Aftercoolers Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Aftercoolers Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Aftercoolers Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Aftercoolers Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Aftercoolers Market Dynamics

3.1. Aftercoolers Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing industrialization and manufacturing activities
  - 3.1.1.2. Expansion of the construction sector
  - 3.1.1.3. Rising demand for energy efficiency solutions
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Aftercoolers
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing government focus on carbon emissions
  - 3.1.3.2. Ongoing technological advancements in aftercooler designs and materials

Chapter 4. Global Aftercoolers Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Aftercoolers Market, by Product

5.1. Market Snapshot
5.2. Global Aftercoolers Market by Product, Performance - Potential Analysis
5.3. Global Aftercoolers Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Aftercoolers Market, Sub Segment Analysis
- 5.4.1. Air-cooled
- 5.4.2. Water-cooled

Chapter 6. Global Aftercoolers Market, by Application

6.1. Market Snapshot
6.2. Global Aftercoolers Market by Application, Performance - Potential Analysis
6.3. Global Aftercoolers Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Aftercoolers Market, Sub Segment Analysis
- 6.4.1. Oil & Gas
- 6.4.2. Chemicals
- 6.4.3. Power Generation
- 6.4.4. Food & Beverage
- 6.4.5. Others

Chapter 7. Global Aftercoolers Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Aftercoolers Market, Regional Market Snapshot
7.4. North America Aftercoolers Market
- 7.4.1. U.S. Aftercoolers Market
  - 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Aftercoolers Market
7.5. Europe Aftercoolers Market Snapshot
- 7.5.1. U.K. Aftercoolers Market
- 7.5.2. Germany Aftercoolers Market
- 7.5.3. France Aftercoolers Market
- 7.5.4. Spain Aftercoolers Market
- 7.5.5. Italy Aftercoolers Market
- 7.5.6. Rest of Europe Aftercoolers Market
7.6. Asia-Pacific Aftercoolers Market Snapshot
- 7.6.1. China Aftercoolers Market
- 7.6.2. India Aftercoolers Market
- 7.6.3. Japan Aftercoolers Market
- 7.6.4. Australia Aftercoolers Market
- 7.6.5. South Korea Aftercoolers Market
- 7.6.6. Rest of Asia Pacific Aftercoolers Market
7.7. Latin America Aftercoolers Market Snapshot
- 7.7.1. Brazil Aftercoolers Market
- 7.7.2. Mexico Aftercoolers Market
7.8. Middle East & Africa Aftercoolers Market
- 7.8.1. Saudi Arabia Aftercoolers Market
- 7.8.2. South Africa Aftercoolers Market
- 7.8.3. Rest of Middle East & Africa Aftercoolers Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Atlas Copco AB
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Gardner Denver, Inc.
- 8.3.3. Alfa Laval AB
- 8.3.4. Sullair LLC
- 8.3.5. General Electric Company
- 8.3.6. Ingersoll Rand, Inc.
- 8.3.7. Parker Hannifin Corporation
- 8.3.8. Kaeser Compressors, Inc.
- 8.3.9. Quincy Compressor LLC
- 8.3.10. Stewart & Stevenson LLC

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Aftercoolers Market, report scope
TABLE 2. Global Aftercoolers Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Aftercoolers Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Aftercoolers Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Aftercoolers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Aftercoolers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Aftercoolers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Aftercoolers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Aftercoolers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Aftercoolers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Aftercoolers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Aftercoolers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Aftercoolers Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Aftercoolers Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Aftercoolers Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Aftercoolers Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Aftercoolers Market
TABLE 70. List of primary sources, used in the study of global Aftercoolers Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered