Annular Cooler Market Size, Share & Industry Analysis, By Type (Sintering Annular Cooler, Pellet Annular Cooler), By End-User (Industrial, Commercial) And Regional Forecast, 2024-2032

A turntable retains the heated pellets in an annular cooler. The heated pellets are blasted with ambient air & the turntable that are made-up of wedge-shaped pans. The pellets fall straight from the kiln into the pans. The pellets circle the turntable till the pan is tilted and the pellets fall beneath. The pan is then repositioned so that more material may be added. Rollers hold the cooler pans in place. Lubrication is required for each of these rollers. As a result, advanced lubricating systems are being developed.

Annular coolers are popular equipment in this sector and are used in the pelletizing and sintering processes. It's commonly used to chill sinter and pellets. There are two main functions: cooling high temperature oxidation pellets discharged from the kiln to ensure that the temperature remains low enough to satisfy subsequent processes; as the key point of thermal equilibrium for the entire system, it recycles a quantity of heat from the high temperature pellet and uses it for previous processes, reducing fuel consumption.

The growing need for energy-efficient, highly portable goods & less-power-consumption are driving the growth of the annular cooler market. The annular cooler market is expanding due to increasing hot weather conditions across the world, as well as increasing eccentric designs for both commercial & industrial use. Annular coolers have also grown in popularity as internet platforms such as e-commerce sites and third-party websites have grown in popularity.

The annular cooler industry is undergoing a lot of change. Some of these are setting the path for future growth while others are intensifying competition. Vendors are increasingly focusing on cooperating heat treatment methods like as carburizing, quenching, tempering, and others with additive manufacturing (AM), since this would reduce the cost of producing metallic goods with precise metallurgical qualities, hence increasing demand.

Key Market Driver -

• Increasing Demand For Energy-Efficient & Less-Power-Consumption Goods

Key Market Restraint -

• High Maintenance Along With Temperature Restraints

Key Players Covered:  

Top Leading Companies of Global Annular Cooler Market are: Metso Outotec, JP Steel Plantech Co., Hunan Zhongye Changtian Heavy Industry Technology Co., Ltd., MCC North Engineering Technology Co., Ltd., Tangshan Ruitai Machinery Co., Ltd., Northern Heavy Industry Group Co., Ltd., Chaoyang Heavy Machine Metallurgical Industry Co., Ltd., Hebei Huatong Heavy Industry Machinery Manufacturing Co., Ltd. and others.

Regional Analysis:

North America expected to exhibit susbtantial growth in annular cooler market. This region’s market is being driven by an increase in pelletizing and sintering processes from both developed and emerging countries, owing to factors such as rising population and rising opportunities. In 2020, demand for annular cooler grew at an exponential rate in both the industrial and commercial sectors, owing to the increased requirement to maintain hygiene in the wake of the COVID-19 outbreak. Several companies reported a rise in income in these areas, & demand for annular cooler in the industrial sector increased as a result of global plant closures.

Europe is anticipated to witness high growth in annular cooler market in near future. This is a largest consumer market, with innovative aerospace and automotive industries leading the way. As a result of mergers and acquisitions, this region's market is going to mature significantly. Additionally, due to the rise in sintering work  & pellet engineering work. Furthermore, with low-Btu gases or higher temperatures, the popularity of an annular cooler grows in this region. Because most of the air is used up in the main zone and little is available for film cooling, the quantity of cooling air required becomes a significant issue in low-Btu gas applications. Annular combustors are nearly typically designed with a straight-through flow.

Furthermore, Asia Pacific region is anticipated to experience profitable market throughout the forecast period. Due to the increased industrialisation in APAC economies such as India, China, and Japan. Furthermore, major manufacturers are extensively spending in R&D to provide innovative products to end customers and to meet the need for sintering work , which is expected to drive the market forward. Additionally, Some of the important elements fueling regional demand for annular cooler market include the strong presence of regional enterprises, the availability of low-cost products, and the high spending power of consumers.

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Segmentation

Key Industry Developments

• In June 2021 - Metso Outotec and AM King, the leading marketplace for surplus mining and processing equipment globally, have entered into a global partnership agreement covering spares, wears, repairs and field service recommendations for AM King brokered mill and crusher sales, irrespective of the OEM.