Industrial Cooling Systems Market, By Type (Evaporative Cooling System, Air Cooling System, Hybrid Cooling System, and Water Cooling System), By End-use (Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing & Storage, Phar
Industrial Cooling Systems Market, By Type (Evaporative Cooling System, Air Cooling System, Hybrid Cooling System, and Water Cooling System), By End-use (Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing & Storage, Pharmaceuticals, and Data Center), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The global industrial cooling systems market has witnessed significant growth in the recent past owing to rapid industrialization across major economies worldwide. Industrial cooling systems play a vital role in maintaining optimum operating conditions and preventing equipment overheating in various industry verticals like power generation, manufacturing, oil & gas, and others. With growing energy demand globally, the demand for industrial cooling is also expected to rise at an impressive pace over the coming years. Rapid urbanization and growth in manufacturing output will further propel the need for efficient cooling solutions to support diverse industrial processes. Moreover, technological advancements in cooling technologies focusing on reduced energy consumption and minimized environmental footprint are encouraging wider adoption of advanced cooling systems across industries. However, high initial investments associated with industrial cooling infrastructure may limit the market expansion to some extent during the forecast period.
Market Dynamics:
Growing industrial automation trends, rising energy demand from expanding manufacturing sector, increasing stringency of emission norms, and supportive government policies promoting energy efficiency are some of the key factors expected to drive the growth of global industrial cooling systems market in the forthcoming years. However, high costs associated with installation and maintenance of industrial cooling solutions might restrict the market growth. Ongoing technological advancements in the field of industrial cooling technologies with focus on enhanced energy efficiency, reduced environmental impact, and reduced operating costs present significant opportunities for manufacturers to develop innovative products and solutions and gain competitive edge. For instance, the adoption of magnetic cooling technology has the potential to disrupt the market with substantially lower power requirements and zero global warming potential.
Key features of the study:
This report provides in-depth analysis of the global industrial cooling systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial cooling systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Airedale International Air Conditioning Ltd., American Power Conversion (APC), Baltimore Aircoil Company, Brentwood Industries, Inc., Emerson Electric Co., Enexio, GEA Group Aktiengesellschaft, Hamon Group S.A., Johnson Controls International plc, Paharpur Cooling Towers, Rittal GmbH & Co. KG, Schneider Electric SE, SPIG S.p.A., SPX Corporation, and Star Cooling Tower Pvt Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial cooling systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial cooling systems market.
Detailed Segmentation:
By Type
Evaporative Cooling System
Air Cooling System
Hybrid Cooling System
Water Cooling System
By End-use
Power Generation
Industrial Manufacturing
Petrochemical Processing
Food Processing & Storage
Pharmaceuticals
Data Center
By Region
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Key Players Insights
Airedale International Air Conditioning Ltd.
American Power Conversion (APC)
Baltimore Aircoil Company
Brentwood Industries, Inc.
Emerson Electric Co.
Enexio
GEA Group Aktiengesellschaft
Hamon Group S.A.
Johnson Controls International plc
Paharpur Cooling Towers
Rittal GmbH & Co. KG
Schneider Electric SE
SPIG S.p.A.
SPX Corporation
Star Cooling Tower Pvt Ltd
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By End-use
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Industrial Cooling Systems Market, By Type, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Evaporative Cooling System
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Air Cooling System
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Hybrid Cooling System
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Water Cooling System
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
5. Global Industrial Cooling Systems Market, By End-use, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Power Generation
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Industrial Manufacturing
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Petrochemical Processing
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Food Processing & Storage
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Pharmaceuticals
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Data Center
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
6. Global Industrial Cooling Systems Market, By Region, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Bn)
Market Size and Forecast, By End-use, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Bn)
Market Size and Forecast, By End-use, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Bn)
Market Size and Forecast, By End-use, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Bn)
Market Size and Forecast, By End-use, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Bn)
Market Size and Forecast, By End-use, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East & Africa
7. Competitive Landscape
Company Profiles
Airedale International Air Conditioning Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
American Power Conversion (APC)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Baltimore Aircoil Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Brentwood Industries, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Emerson Electric Co.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Enexio
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
GEA Group Aktiengesellschaft
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hamon Group S.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Johnson Controls International plc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Paharpur Cooling Towers
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Rittal GmbH & Co. KG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Schneider Electric SE
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SPIG S.p.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SPX Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Star Cooling Tower Pvt Ltd
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
8. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. Reference and Research Methodology
References
Research Methodology
About us and Sales Contact
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