[email protected] (Bussiness Sales)
+18882123539 (Us - Toll Free)
+919997112116 (Rest Of World)
Industrial Cooling Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Function, by End-user Industry : Global Opportunity Analysis and Industry Forecast, 2024-2032

Industrial Cooling Systems Market Size, Share, Competitive Landscape and Trend...

Home / Categories / Construction
Industrial Cooling Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Function, by End-user Industry : Global Opportunity Analysis and Industry Forecast, 2024-2032
Industrial Cooling Systems Market Size,...
Report Code
RO4/128/1046

Publish Date
12/Jun/2024

Pages
200
PRICE
$ 4900/-
This is a single user license, allowing one specific user access to the product. The product is a PDF.
$ 5400/-
This is a 1-5 user license, allowing up to five users have access to the product. The product is a PDF.
$ 8700/-
This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF..
The global industrial cooling systems market revenue was around US$ 17.4 billion in 2023 and is estimated to reach US$ 27.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2024 to 2032.
Industrial cooling systems are made up of a sophisticated network of tools, methods, and processes. Many different industries that produce a lot of weight during operations, such as manufacturing, power generation, chemical processing, data centers, and many more, need this technology. Industrial cooling systems aim to prevent damage, maintain optimal working conditions, ensure machinery efficacy, and extend machinery lifespan through remote access tools or techniques.
Factors Influencing Market Growth
- There is an increasing demand for drugs and vaccines on a global scale owing to the rise in population, which will drive the demand for the availability of specialized cooling systems for pharmaceutical storage. This will propel the market's growth.
- Growth in various sectors, like manufacturing, petrochemicals, construction, power generation, and data centers, drives the demand for industrial cooling systems, thus expanding the market.
- Integration of industrial cooling systems with the Internet of Things (IoT) can increase predictive maintenance, optimize system performance, enable remote monitoring and control, and boost overall effectiveness. As a result, this factor is offering lucrative opportunities for the market growth.
- Lack of awareness of recent technological developments and the advantages of modern industrial cooling systems among some industrial sectors may hamper market growth.
Impact of COVID-19
The COVID-19 outbreak had a negative impact on the market. This is because industries such as oil and gas, food and beverage, chemical, and pharmaceuticals were slow to develop and produce industrial cooling systems, due to the implementation of lockdown procedures. Because of the lockdowns in several major countries, companies stopped manufacturing several components used in industrial cooling systems.
Regional Insights
Asia Pacific dominated the market in 2023. This is because the region is a major consumer of industrial cooling systems. In this region, developed and developing nations like Australia, China, India, Japan, and others are showing a growing need for industrial cooling systems. To keep up with the region's increasing demand, leading producers from the United States and Western Europe are now concentrating on the Asia-Pacific. The market in the region is expanding as a result of rising end-user demand for industrial cooling systems brought on by urbanization, population growth, and the expanding manufacturing sector. The region's market is anticipated to experience further growth due to the expanding food and beverage and nuclear power industries, as well as low-cost manufacturing, particularly in China and India.
Leading Competitors
- SPX Corporation.
- GEA Group Aktiengesellschaft
- Schneider Electric SE.
- Baltimore Aircoil Company Inc.
- Star Cooling Tower Pvt Ltd.
- Emerson Electric Co.
- Johnson Controls International plc
- Hamon Group S.A.
- Brentwood Industries, Inc.
- Airedale International Air Conditioning Ltd.
- Other Prominent Players
Segmentation Analysis
The global industrial cooling systems market segmentation focuses on the end-user industry, product type, function, and region.
Segmentation based on End User Industry
- Food and Beverage
- Chemical
- Pharmaceuticals
- Utility and Power
- Oil and Gas
- Others

Segmentation based on Product Type
- Air Cooling
- Evaporative Cooling
- Water Cooling
- Hybrid Cooling

Segmentation based on Function
- Stationary Cooling
- Transport Cooling

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

OUR CLIENTS

500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
+18882123539