ACHEs use finned-tube bundles and fans to cool or condense process fluids with ambient air, eliminating the water circuits typical of shell-and-tube systems. Stratview sizes the air-cooled heat exchangers market at a 5.3% CAGR to 2030, reaching US$5.1B.

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Drivers

• Industrialization & urbanization. ACHE deployments scale with broader industrial build-outs and grid additions across emerging markets—particularly in Asia.
• Project mix broadening. Beyond hydrocarbons, investments span power generation, food & beverage plants, HVAC & refrigeration, water/wastewater, and pharmaceuticals, diversifying demand.
• Technical fit. ACHEs’ no-water requirement, lower maintenance, and suitability for high-temperature/high-pressure media align with reliability and ESG priorities.

Trends

• Segment leaders. Power generation and petrochemical & chemical remain the dominant end-uses through 2030; HVAC/R and oil & gas contribute incremental volume.
• APAC momentum. Asia-Pacific is forecast to be the largest and fastest-growing regional market, reflecting manufacturing investment and project pipelines; Europe and North America also provide strong replacement and brownfield opportunities.
• Market structure & names. The field features global and regional manufacturers—Alfa Laval, API Heat Transfer, Kelvion, Paharpur, Thermax—competing on price, portfolio breadth, and local presence.
• Context & consolidation notes. Heat-exchanger portfolio moves and acquisitions in recent years illustrate ongoing attempts to deepen offerings and reach (e.g., expansions and M&A highlighted in Stratview’s coverage).

Conclusion

As utilities and process industries chase water resilience and predictable OPEX, ACHEs are a practical default. With APAC setting the pace and power/petrochemicals steering the mix, Stratview’s US$5.1B by 2030 trajectory looks durable. Vendors pairing efficient air-side designs with strong regional service and project engineering will capture outsized share.