Market Analysis and Insights: Global Industrial Cooling System Market
Due to the COVID-19 pandemic, the global Industrial Cooling System market size is estimated to be worth US$ 11780 million in 2022 and is forecast to a readjusted size of US$ 15600 million by 2028 with a CAGR of 4.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Evaporative Cooling System accounting for % of the Industrial Cooling System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Power Generation segment is altered to an % CAGR throughout this forecast period.
Asia-Pacific is the fastest-growing market, as it is a major consumer of industrial cooling systems. There is an increasing demand for industrial cooling systems from both developed and developing countries of this region, such as Japan, China, India, Australia, and others. Top manufacturers from the U.S. and Western Europe are now focusing on Asia-Pacific to meet the region’s growing demand.
Global Industrial Cooling System Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Cooling System Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Evaporative Cooling System
Air Cooling System
Hybrid Cooling System
Water Cooling System
Segment by Application
Power Generation
Industrial Manufacturing
Petrochemical Processing
Food Processing & Storage
Petroleum & Natural Gas Refining
Pharmaceuticals
Data Center
By Company
SPX
Hamon
Johnson Controls
Airedale
American Power Conversion
Black Box
Emerson
Rittal
SPIG
Paharpur Cooling Tower
Baltimore Aircoil Company
EVAPCO
Brentwood Industries
Star Cooling Towers
ENEXIO
Bell Cooling Towers
Mesan Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina