The report "Air-Cooled Heat Exchanger Market by Structure, Material, Type, Fin Design, Capacity, End-Use Industry, and Region - Global Forecast to 2029" projects the market to reach USD 5.69 Billion by 2029, growing at a CAGR of 7.5% from USD 3.96 Billion in 2024.
Non-Ducted Segment: The second-largest structure segment, valued for its flexibility, ease of installation, and cost-effectiveness. It is particularly useful in HVAC and process cooling applications.
Induced Draft Type: The fastest-growing type, known for its high efficiency and lower operational costs, making it suitable for sectors like oil & gas and petrochemicals.
Stainless Steel Material: Holds the second-largest market share in 2023 due to its strength, durability, and corrosion resistance, ideal for harsh industrial applications such as oil & gas.
Extruded Fin Design: The fastest-growing fin design, offering enhanced heat transfer efficiency and durability, particularly in challenging environments like offshore and coastal areas.
11-50 kW Capacity Segment: Expected to grow rapidly due to its high heat transfer efficiency, compact design, and suitability for regions with water scarcity.