Industrial Cooling Systems Market, By Type, By End-use, By Geography

Description

The Global Industrial Cooling Systems Market is estimated to be valued at US$ 20.15 Bn in 2024 and is expected to reach US$ 32.21 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 20.15 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.90%	2031 Value Projection:	US$ 32.21 Bn

Figure. Industrial Cooling Systems Market Share (%), By Region 2024

Industrial Cooling Systems Market - IMG1

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

Product Code: CMI7104

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
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