Report Code: A13259 | Pages: NA | ||
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Condenser is a heat exchanging device used in condensation of gaseous substance into a liquid state through cooling. Condensers are used for efficient heat exchange in many industries due to its attributes of transferring heat from once substance to another. Condenser relies on latent heat that occurs during the phase change for efficient heat transfer. For example, the vapor of one liquid enters into the condenser at temperature more than of secondary liquid. As the temperature of vapor goes down, and reaches to saturation temperature, it releases latent heat which can be utilize for heating the secondary liquid. Condenser can be refurbished or a newly purchased based on the requirement. Air, vapor and water are the cooling material options which can be used in condensers. Because of its efficient heat transfer capability, it is widely used in air conditioning in commercial, industrial and transportation industry. It is also used for chemical process such as distillation and steam power plants. Rise in demand for renewable source of energy is expected to boost the growth of the condensers market at a global level.
COVID-19 Impact analysis
Top Impacting Factors
Rise in demand for renewable sources of energy and lack and high cost of non renewable sources is drawing attention of many industries toward condensers. Its ability of heat transfer with available resources is one of the key factors driving the growth of the market at a global level. Installation and operational cost of condensers is low and it has a long service life. In addition, it circulates the feed water continuously while operating which helps in reducing the cost of water softening. To add more, it also helps in reducing the cost of fresh water supply in boilers. These are the factors driving the growth of the market. However, the leftover after condensation process, can be hazardous for health of labor. This factor is anticipated to hamper the growth of the condensers market.
Market Trends
Key Benefits of the Report
Condensers Market Report Highlights
Aspects | Details |
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By Cooling Type |
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By End-User |
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By Region |
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Key Market Players | BRUSH Group, Mitsubishi Electric,, General Electric, Fuji Electric, WEG, Voith Group, Siemens AG, Ideal Electric Company, Eaton Corporation, ABB |
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