Industrial Cooling Systems Market By Product Type, By Function, By End-user Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Industrial Cooling Systems Market," The industrial cooling systems market was valued at $18.8 billion in 2020, and is estimated to reach $31.3 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

Industrial Cooling Systems Market - IMG1

Industrial cooling systems are made up of a complex network of tools, devices, and procedures. A wide range of businesses, including manufacturing, power generation, chemical processing, data centers, and many others that produce a large amount of weight while executing their operations, require the use of this technology. The essential goal of an industrial cooling systems is to prevent damage, maintain optimum working conditions, ensure the efficacy of the machinery, and lengthen its divineness through remote access by equipment or methods.

The need for energy-efficient refrigeration systems has grown in recent years because of various systems being fitted with floating head pressure controls, variable-frequency drives in evaporator fans, and screw compressor variable frequency drives (VFD) to promote energy conservation. In addition, many companies use natural refrigerants such ammonia, carbon dioxide, hydrofluorocarbons, water, and air to reduce the impacts of global warming and ozone depletion on the environment. This has increased demand for eco-friendly refrigerants.

Moreover, due to their negative effects on the environment, particularly on the ozone layer, refrigerants used for commercial applications, such as chlorofluorocarbons, hydrochlorofluorocarbons, and hydrofluorocarbons have come under intensive scrutiny from the various government organizations. For instance, numerous nations have outlawed the use of refrigerants that contain chlorofluorocarbons (CFCs) because of their role in the destruction of the ozone layer. As industrial refrigerants are subject to strict government standards and regulations, refrigerants are not used commercially. Additionally, the adoption of other refrigerants with higher efficiency has been constrained by the availability of natural and eco-friendly refrigerants, which are predicted to have a detrimental effect on market growth.

On the contrary, the use of IoT enabled cooling solutions has gained prominence for monitoring equipment in processing and storage industries. This can provide lucrative growth opportunity to the players in the cooling systems market in emerging countries during the forecast period.

The global industrial cooling systems market is segmented into product type, function, end-user industry, and region. By product type, the market is fragmented into air cooling, evaporative cooling, water cooling, and hybrid cooling. The evaporative cooling segment dominated the market in 2022. By function, it is bifurcated into stationary cooling, and transportation cooling. The transportation cooling segment dominated the market in 2022. Depending on end-user industry, it is fragmented into food & beverages, chemical, pharmaceuticals, utility & power, oil & gas, and others. The chemical segment dominated the market in 2022.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

In 2022, Asia-Pacific was the key shareholder, and is anticipated to secure a leading position during the forecast period.

COMPETITION ANALYSIS

Key companies profiled in the industrial cooling systems market report include Airedale International Air Conditioning Ltd., Baltimore Aircoil Company Inc., Brentwood Industries, Inc., Emerson Electric Co., GEA Group Aktiengesellschaft, Hamon Group S.A., Johnson Controls International plc, Schneider Electric SE., SPX Corporation., and Star Cooling Tower Pvt Ltd.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current trends, future estimations, and dynamics of the industrial cooling systems market.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the industrial cooling systems market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The key market players within the industrial cooling systems market are profiled in this report and their strategies are analyzed thoroughly, to understand the competitive outlook of the industrial cooling systems industry.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)

Consumer Buying Behavior Analysis
Product Life Cycles
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Reimbursement Scenario
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By End-user Industry

Food and Beverage
Chemical
Pharmaceuticals
Utility and Power
Oil and Gas
Others

By Product Type

Air Cooling
Evaporative Cooling
Water Cooling
Hybrid Cooling

By Function

Stationary Cooling
Transport Cooling

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Airedale International Air Conditioning Ltd.
Baltimore Aircoil Company Inc.
Brentwood Industries, Inc.
Emerson Electric Co.
GEA Group Aktiengesellschaft
Hamon Group S.A.
Johnson Controls International plc
Schneider Electric SE.
SPX Corporation.
Star Cooling Tower Pvt Ltd.

Product Code: A12451

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Development of the pharmaceutical sector
  - 3.4.1.2. Upgrading cold storage infrastructure across emerging economies
  - 3.4.1.3. Rise in adoption of energy-efficient & eco-friendly refrigerants

3.4.2. Restraints
- 3.4.2.1. High energy costs for operation and maintenance of industrial refrigeration units
- 3.4.2.2. Stringent regulations related to usage of refrigerants

3.4.3. Opportunities
- 3.4.3.1. Use of IoT-enabled refrigeration solutions for equipment monitoring

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: INDUSTRIAL COOLING SYSTEMS MARKET, BY PRODUCT TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Air Cooling
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Evaporative Cooling
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Water Cooling
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Hybrid Cooling
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: INDUSTRIAL COOLING SYSTEMS MARKET, BY FUNCTION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Stationary Cooling
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Transport Cooling
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: INDUSTRIAL COOLING SYSTEMS MARKET, BY END-USER INDUSTRY

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Food and Beverage
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Chemical
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Pharmaceuticals
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Utility and Power
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Oil and Gas
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country

CHAPTER 7: INDUSTRIAL COOLING SYSTEMS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Product Type
- 7.2.3. Market size and forecast, by Function
- 7.2.4. Market size and forecast, by End-user Industry
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Product Type
  - 7.2.5.1.3. Market size and forecast, by Function
  - 7.2.5.1.4. Market size and forecast, by End-user Industry
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Product Type
  - 7.2.5.2.3. Market size and forecast, by Function
  - 7.2.5.2.4. Market size and forecast, by End-user Industry
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Product Type
  - 7.2.5.3.3. Market size and forecast, by Function
  - 7.2.5.3.4. Market size and forecast, by End-user Industry
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Product Type
- 7.3.3. Market size and forecast, by Function
- 7.3.4. Market size and forecast, by End-user Industry
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Product Type
  - 7.3.5.1.3. Market size and forecast, by Function
  - 7.3.5.1.4. Market size and forecast, by End-user Industry
  - 7.3.5.2. UK
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Product Type
  - 7.3.5.2.3. Market size and forecast, by Function
  - 7.3.5.2.4. Market size and forecast, by End-user Industry
  - 7.3.5.3. France
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Product Type
  - 7.3.5.3.3. Market size and forecast, by Function
  - 7.3.5.3.4. Market size and forecast, by End-user Industry
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Product Type
  - 7.3.5.4.3. Market size and forecast, by Function
  - 7.3.5.4.4. Market size and forecast, by End-user Industry
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Product Type
  - 7.3.5.5.3. Market size and forecast, by Function
  - 7.3.5.5.4. Market size and forecast, by End-user Industry
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Product Type
- 7.4.3. Market size and forecast, by Function
- 7.4.4. Market size and forecast, by End-user Industry
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Product Type
  - 7.4.5.1.3. Market size and forecast, by Function
  - 7.4.5.1.4. Market size and forecast, by End-user Industry
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Product Type
  - 7.4.5.2.3. Market size and forecast, by Function
  - 7.4.5.2.4. Market size and forecast, by End-user Industry
  - 7.4.5.3. South Korea
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Product Type
  - 7.4.5.3.3. Market size and forecast, by Function
  - 7.4.5.3.4. Market size and forecast, by End-user Industry
  - 7.4.5.4. India
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Product Type
  - 7.4.5.4.3. Market size and forecast, by Function
  - 7.4.5.4.4. Market size and forecast, by End-user Industry
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Product Type
  - 7.4.5.5.3. Market size and forecast, by Function
  - 7.4.5.5.4. Market size and forecast, by End-user Industry
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Product Type
- 7.5.3. Market size and forecast, by Function
- 7.5.4. Market size and forecast, by End-user Industry
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Product Type
  - 7.5.5.1.3. Market size and forecast, by Function
  - 7.5.5.1.4. Market size and forecast, by End-user Industry
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Product Type
  - 7.5.5.2.3. Market size and forecast, by Function
  - 7.5.5.2.4. Market size and forecast, by End-user Industry
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Product Type
  - 7.5.5.3.3. Market size and forecast, by Function
  - 7.5.5.3.4. Market size and forecast, by End-user Industry

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2020

CHAPTER 9: COMPANY PROFILES

9.1. Airedale International Air Conditioning Ltd.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
9.2. Baltimore Aircoil Company Inc.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
9.3. Brentwood Industries, Inc.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
9.4. Emerson Electric Co.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. GEA Group Aktiengesellschaft
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Hamon Group S.A.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
9.7. Johnson Controls International plc
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Schneider Electric SE.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
9.9. SPX Corporation.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. Star Cooling Tower Pvt Ltd.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio