세계의 애프터쿨러 시장 평가 : 유형별, 냉각 매체별, 최종 이용 산업별, 지역별, 기회, 예측(2018-2032년)

Global aftercooler market is projected to witness a CAGR of 5.89% during the forecast period 2025-2032, growing from USD 18.42 billion in 2024 to USD 29.12 billion in 2032. The market has undergone robust growth in recent years and is expected to maintain an expansion in the coming years owing to the increasing industrial applications, regulatory pressures for energy efficiency, and technological innovations. The expansion of industrial activities, particularly in manufacturing and construction, significantly increases the demand for compressed air systems, elevating the need for efficient aftercoolers to ensure the quality and reliability of compressed air. Technological progress is vital as well; continuous innovations in aftercooler technology, featuring more effective heat exchangers and intelligent control systems, boost performance and assist industries in attaining better energy efficiency and operational reliability. Moreover, stringent government regulations intended to lower carbon emissions and enhance energy efficiency are urging industries to implement aftercoolers as part of their compliance plans, especially in areas such as North America and Europe.

In addition, the increasing need for clean and dry compressed air across different sectors, such as food processing and pharmaceuticals, intensifies the requirement for aftercoolers, crucial for moisture elimination and temperature regulation. The expansion of trade globally also aids this growth, as increased international partnerships require dependable compressed air systems. Furthermore, investment in renewable energy fields such as solar and wind power generates new prospects for aftercoolers in power generation plants, where they maintain the efficiency of compressed air systems utilized in turbine functions and emissions management. Overall, these factors contribute to the anticipated expansion of the global aftercooler market.

For instance, in April 2023, researchers at the Central University of Jharkhand in India designed a PV-powered earth-to-air heat exchanger (EAHE) to provide buildings with space heating and cooling. The proposed system could result in an annual energy gain of 8116.7 kWh. These systems are commonly used to warm up fresh air in buildings during winter and to cool it down during summer.

Increasing Industrial Applications Expand the Aftercooler Market Demand

The global market demand for aftercoolers is notably growing, owing to rising industrial uses in diverse sectors. As sectors such as oil and gas, chemicals, power production, and food and beverage expand, the demand for effective cooling solutions for compressed air systems becomes crucial. Aftercoolers are essential for cooling compressed air, aiding in moisture extraction, and guaranteeing the dependability of equipment downstream. Technological progress is also fueling this demand, as innovations result in energy-efficient designs and materials that improve durability and performance. Incorporating smart technologies such as IoT sensors for instantaneous monitoring enhances aftercooler performance, rendering them essential in contemporary industrial operations. Furthermore, regulatory demands focused on decreasing carbon emissions and enhancing energy efficiency are driving industries to incorporate aftercoolers into their compliance approaches. The rise of industrial automation and the shift towards renewable energy sources are additional factors contributing to the growing need for aftercoolers.

For instance, in May 2023, Kelvion Holding GmbH extended its range of natural refrigerant air coolers to drive decarbonization by using natural refrigerants such as CO2, ammonia, or propane.

Technological Advancements Propel Global Aftercooler Market Growth

Advancements in technology are significantly driving the expansion of the global aftercooler market by improving their efficiency, functionality, and incorporation into contemporary industrial systems. A significant advancement is the incorporation of intelligent technologies, enabling aftercoolers to be fitted with sensors and IoT functionalities for monitoring and control in real time. This advancement allows users to enhance performance from a distance, ensuring that cooling systems function at maximum efficiency while reducing energy use. In addition, improvements in materials and design have resulted in the development of more resilient and compact aftercoolers. Contemporary designs frequently utilize high-density cooling pads and robust fans that enhance cooling efficiency while minimizing total energy consumption. These characteristics improve the efficiency of aftercoolers and support sustainability initiatives by reducing the ecological effects linked to energy use. The shift towards energy-saving solutions is another vital factor, as industries progressively emphasize sustainability in their processes. Manufacturers are now focusing on developing aftercoolers that consume less power while delivering superior cooling capabilities, aligning with global trends toward greener technologies.

For instance, in November 2024, Alfa Laval, introduced the T25 semi-welded plate heat exchanger, a compact yet powerful innovation designed to meet the demands of the modern energy system. The T25 heat exchanger plays a vital role in the decarbonization journey by supporting the scale-up of clean energy sources such as green hydrogen, while also delivering benefits to established sectors, including the heating and cooling of buildings, heavy process industries, and power production.

Oil and Gas Industry Dominates the Global Aftercooler Market

The oil and gas sector's leading role in the global aftercooler market is highlighted by its substantial need for effective cooling solutions to facilitate multiple operations. This expansion is primarily fueled by the demand for efficient moisture extraction in compressed air systems, which are essential in the oil and gas industry, where substantial amounts of compressed air are used for drilling, refining, and transport operations. The oil and gas sector depends greatly on aftercoolers to improve the performance and efficiency of air compressors, avoiding moisture-related problems that could harm pneumatic tools and machinery. Furthermore, as sectors progressively embrace automation and seek energy-efficient options, the oil and gas industry's dependence on sophisticated aftercooler technology is anticipated to rise. The oil and gas domain's supremacy in the worldwide aftercooler market is marked by its significant need for dependable cooling solutions that improve operational efficiency and adhere to strict environmental standards.

For instance, according to India's Hydrocarbon Outlook Report (March 2024), the exploration and production activities in India's oil and gas sector, indicate a significant focus on enhancing operational efficiency and technological advancements. The report notes a crude oil production of 29.36 million metric tons (MMT) and natural gas production of 36.44 billion cubic meters (BCM) for the year 2023-2024. The increased production activities in the oil and gas sector necessitate reliable cooling solutions, such as aftercoolers, to manage the high volumes of compressed air used in various operations, including drilling and refining.

North America Dominates the Global Aftercooler Market Share

North America is anticipated to flourish exponentially in the global aftercooler market, making it the largest and the most rapidly growing region, while a combination of factors speaks to the dominance that is defining this region. The United States and Canada lead the way, enjoying advanced industrial facilities and a strong emphasis on technological progress. The industrial growth of this area, especially in industries such as oil and gas, energy production, and manufacturing, notably increases the need for effective cooling systems such as aftercoolers. Technological advancements play a crucial role in this dominance, as firms in North America are heavily investing in research and development to design more effective and dependable aftercooler systems. These advancements enhance performance and correspond with rising regulatory demands focused on lowering energy usage and emissions. As sectors focus on sustainability, implementing modern aftercoolers is vital for adhering to environmental regulations. The North American aftercooler market is expected to continue thriving, with projections indicating substantial growth driven by ongoing technological developments and increasing demand across various industrial applications.

For instance, in May 2024, Cummins Inc., aftercooler core part 4933306, used primarily on Tier 2 5.9-liter ISB/QSB engines (Interact System B/Quantum System B), was shipped to the USA.

Future Market Scenario (2025 - 2032F)

Ongoing emphasis on energy efficiency and compliance with stringent environmental regulations will further propel the adoption of aftercoolers.

Innovations in design and materials will lead to more efficient and reliable cooling solutions, which are crucial for modern industrial processes.

The growing focus on renewable energy sources is expected to increase the demand for aftercoolers in power generation facilities.

Key Players Landscape and Outlook

The global aftercooler market is characterized by a competitive landscape with several key players driving innovation and growth. The outlook for the global aftercooler market remains positive, with projections indicating significant growth driven by increasing industrial applications, technological advancements, and a strong emphasis on energy efficiency and sustainability. Top players are recognized for their extensive product offerings and technological advancements, which enhance the efficiency and reliability of aftercoolers across various industrial applications. Companies are actively involved in research and development, collaborations, mergers, and acquisitions to improve aftercooler designs, focusing on energy efficiency and compliance with stringent environmental regulations. Overall, the competitive sphere will likely evolve, with existing players innovating and new entrants emerging to meet the growing demand for aftercoolers across various sectors.

For instance, in November 2024, KRN Heat Exchanger and Refrigeration Pvt. Ltd., a leading manufacturer and exporter specializing in aluminum/copper fins and copper tubes heat exchangers, water coils, condenser and evaporator coils invested USD 27.53 million in KRN HVAC (heating, ventilation and air conditioning) products.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. Compatibility
  • 4.3.3. Efficiency of Solutions
  • 4.3.4. After-Sales Support
• 4.4. Consideration of Privacy and Regulations

5. Global Aftercooler Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Air-Cooled Aftercoolers
    • 5.2.1.2. Water-Cooled Aftercoolers
    • 5.2.1.3. Brazed Plate Heat Exchangers
    • 5.2.1.4. Microchannel Heat Exchangers
  • 5.2.2. By Cooling Medium
    • 5.2.2.1. Air
    • 5.2.2.2. Water
  • 5.2.3. By End-use Industry
    • 5.2.3.1. Oil and Gas
    • 5.2.3.2. Chemical
    • 5.2.3.3. Power Generation
    • 5.2.3.4. Food and Beverage
    • 5.2.3.5. Others
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Type
  • 5.3.2. By Cooling Medium
  • 5.3.3. By End-use Industry
  • 5.3.4. By Region

6. North America Aftercooler Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Type
    • 6.2.1.1. Air-Cooled Aftercoolers
    • 6.2.1.2. Water-Cooled Aftercoolers
    • 6.2.1.3. Brazed Plate Heat Exchangers
    • 6.2.1.4. Microchannel Heat Exchangers
  • 6.2.2. By Cooling Medium
    • 6.2.2.1. Air
    • 6.2.2.2. Water
  • 6.2.3. By End-use Industry
    • 6.2.3.1. Oil and Gas
    • 6.2.3.2. Chemical
    • 6.2.3.3. Power Generation
    • 6.2.3.4. Food and Beverage
    • 6.2.3.5. Others
  • 6.2.4. By Country Share
    • 6.2.4.1. United States
    • 6.2.4.2. Canada
    • 6.2.4.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Aftercooler Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Type
        • 6.3.1.2.1.1. Air-Cooled Aftercoolers
        • 6.3.1.2.1.2. Water-Cooled Aftercoolers
        • 6.3.1.2.1.3. Brazed Plate Heat Exchangers
        • 6.3.1.2.1.4. Microchannel Heat Exchangers
      • 6.3.1.2.2. By Cooling Medium
        • 6.3.1.2.2.1. Air
        • 6.3.1.2.2.2. Water
      • 6.3.1.2.3. By End-use Industry
        • 6.3.1.2.3.1. Oil and Gas
        • 6.3.1.2.3.2. Chemical
        • 6.3.1.2.3.3. Power Generation
        • 6.3.1.2.3.4. Food and Beverage
        • 6.3.1.2.3.5. Others
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Aftercooler Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Aftercooler Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Aftercooler Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Aftercooler Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

• 17.1. Market Drivers
• 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. Haier U.S. Appliance Solutions, Inc.
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 20.3.2. Caterpillar Inc.
  • 20.3.3. KAESER COMPRESSORS Ltd.
  • 20.3.4. Parker Online Services
  • 20.3.5. Sullair, LLC
  • 20.3.6. Ingersoll Rand Inc.
  • 20.3.7. Donaldson Company, Inc.
  • 20.3.8. Cummins Inc.
  • 20.3.9. KRN Heat Exchanger and Refrigeration Pvt. Ltd.
  • 20.3.10. Alfa Laval

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer