Transparency Market Research

Aftercoolers Market - Company Strategy, Product Portfolio and Recent Developments for 2018

Aftercoolers Market is rising rapidly due to increase in the demand for compressed air treatment systems, growing automation and development of energy-efficient mechanisms and rise in the requirement for pure air, particularly in the food packaging sector.

 

Albany, NY -- (SBWIRE) -- 03/28/2019 -- An aftercooler is a device that cools the air discharged from air compressors. Aftercoolers help remove condensed moisture from air compressors. Most aftercoolers use cold water or cooler ambient air to remove heat from the compressed air. Aftercoolers help reduce the water vapor in the compressed air and condense the water vapor into liquid form. Aftercoolers are also known as inter-coolers. There are two types of aftercoolers: air-cooled and water-cooled. Aftercoolers are preferred due to their durability, minimum maintenance, high performance, and long service life. Air-coojavascript:void(0)led aftercoolers can cool the compressed air within 5°F to 20°F range of the ambient temperature. Water-cooled aftercoolers can cool the compressed air within 15°F of the ambient temperature. The aftercoolers market is expected to expand at a considerable pace in the near future.

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Increase in the demand for compressed air treatment systems, growing automation and development of energy-efficient mechanisms, and rise in the requirement for pure air, particularly in the food packaging sector, are expected to drive the global aftercoolers marketduring the forecast period. In addition, several manufacturing companies are enhancing their procedures with the implementation of automation. Moreover, other factors such as highly energy-efficient, and eco-friendly operations, portability, low maintenance cost, and capacity to provide variations in the supplied pressure, are anticipated to augment the global aftercoolers market during the forecast period. Furthermore, rising use of aftercoolers across various sectors such as food & beverages and pharmaceutical is expected to propel the marketin the next few years. Stationary air compressors have a capacity to throw air in high volume. Hence, compressed air aftercoolers are critical to work in synchronization with stationary air compressors. This factor is projected to improve revenue growth of the global aftercoolers market. In certain countries, governments have updated rules and regulations regarding waste management for several industries. Moreover, growing industrialization and liberalization is expected to drive the global aftercoolers market in the next few years. However, limited performance of aftercoolers is one of the major factors likely to hinder the global aftercoolers marketin the near future. In addition, possibility of contamination, high costs of raw materials, bulky size, high energy consumption, and noise pollution are expected to restrain the global aftercoolers market in the next few years. Nevertheless, increase in the demand for dry, clean, sterile, and oil-free compressed air in various industries such as pharmaceutical, and food & beverages is expected to offer significant opportunities to the market during the forecast period. Moreover, surging demand for highly efficient and eco-friendly products is anticipated to create a lucrative opportunity for the aftercoolers market in the next few years.

The global aftercoolers market can be segmented based on type, application, end-use industry, and region. Based on type, the market can be segmented into air-cooled and water-cooled. In terms of application, the market can be divided into turbine coolers, portable aftercoolers, filter pre-coolers, and turbine pro-filters. Based on end-use industry, the market can be categorized into air compressor aftercoolers and gas compressor aftercoolers. Based on region, the global aftercoolers market can be classified into North America (U.S., Canada, and Mexico), Europe (Germany, the U.K., Italy, France, Russia, Poland, and Spain), Asia Pacific (China, Japan, India, South Korea, Australia, Singapore, Malaysia, and Indonesia), Middle East & Africa, and South America.

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Major players operating in the global aftercoolers market include Ingersoll Rand, Cummins, Fs Elliott, Caterpillar, Federal Mogul, Versatile International Corporation, and Gardner Denver. With an increase in competitiveness in the market, top companies are expanding their R&D facilities so as to develop reliable, and superior products. Moreover, key players are looking forward to developing aftercoolers with new technologies and introducing those in the market.