Global Industrial Cooling System
Market Report
2024
The global industrial cooling system market size is USD 21.2 billion in 2024. The industrial cooling system market will show the strongest growth with a CAGR of 5.8% from 2024 to 2031. This rise can be linked to increased energy-efficient cooling solutions demands across a wide range of industries.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global industrial cooling system market size reached USD 21.2 billion in 2024 and will expand at a CAGR of 5.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Industrial Cooling System Market Sales Revenue 2020 | $ 16442.3 Billion |
Global Industrial Cooling System Market Sales Revenue 2024 | $ 21.2 Billion |
Global Industrial Cooling System Market Sales Revenue 2030 | $ 25173 Billion |
Global Industrial Cooling System Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Market Split by Product Type |
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Market Split by Function |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Industrial Cooling System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The industrial cooling system market encompasses a broad spectrum of advanced technologies and equipment designed to regulate and manage the temperature of industrial processes, machinery, and environments. Industrial cooling systems include cooling towers, chillers, air coolers, and heat exchangers, each serving the key role of dissipating excess heat to maintain operational efficiency and safety in various industrial settings such as manufacturing plants, power stations, and chemical processing facilities. Rapid industrialization in emerging nations, greater demands for energy-efficient cooling solutions, and elevating awareness of the need to maintain optimal operating conditions in industrial processes are the primary drivers of market expansion.
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In May 2023, Johnson Controls, the global leader in smart and sustainable buildings, announced that it entered a definitive contract to acquire Gordon Brothers Industries (GBI), Australia's biggest industrial refrigeration (IR) solutions supplier of refrigeration system design, development, services, and spare parts. The inclusion of GBI will help Johnson Controls grow in the region and beyond. (Source:https://www.johnsoncontrols.com.au/media-center/news/2023/05/24/johnson-controls-to-acquire-gordon-brothers-industries)
Top Companies Market Share in Industrial Cooling System Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia Pacific commanded the market in 2024, accounting for roughly 34.8% share of the global revenue. The constantly expanding food and beverages sectors in India, Japan, South Korea, China, and Indonesia are likely to increase the need for efficient cooling systems. Food quality requirements, cost efficiency, and rising online food ordering demands are all promoting the rapid implementation of advanced cooling solutions, which is fueling the regional growth of the industrial cooling systems industry.
North America stands out as the fastest-growing region in the industrial cooling system market primarily due to rapid industrialization, especially in sectors such as manufacturing, data centers, and power generation. Besides, the increased focus on energy efficiency and sustainability, coupled with profound environmental standards throughout this region, further propels the market adoption of advanced cooling technologies.
The current report Scope analyzes Industrial Cooling System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Industrial Cooling System Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Cooling System Industry growth. Industrial Cooling System market has been segmented with the help of its Product Type, Function Application, and others. Industrial Cooling System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Evaporative cooling is the leading product type category. Evaporative process cooling is growing in market popularity due to its numerous advantages, such as cost-effectiveness, energy savings, and relatively low maintenance requirements. These systems deliver adequate cooling while consuming substantially less energy and do not rely on harmful chemicals or refrigerants, which makes them an ideal eco-friendly option. This energy efficiency is especially beneficial to enterprises trying to cut operating expenses and environmental impact.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Industrial Cooling System from 2019 to 2031. This will also help to analyze the demand for Industrial Cooling System across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Function of Industrial Cooling System are:
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Cooling System Market is witnessing significant growth in the near future.
In 2023, the Air Cooling segment accounted for noticeable share of global Industrial Cooling System Market and is projected to experience significant growth in the near future.
The Stationary Cooling segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Airedale International Air Conditioning Ltd. (UK) , Inc. (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Air Cooling, Evaporative Cooling, Water Cooling, Hybrid Cooling |
Function | Stationary Cooling, Transport Cooling |
Application | Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing & Storage, Oil & Gas Refining, Pharmaceuticals, Data Centers, Others |
List of Competitors | Airedale International Air Conditioning Ltd. (UK), Babcock & Wilcox Enterprises, Inc. (US), Black Box Corporation (US), Brentwood Industries, Inc. (US), Emerson Electric Co. (US), ENEXIO Management GmbH (Germany), EVAPCO, Inc. (US), Hamon Group (Belgium), Johnson Controls Inc. (US), Paharpur Cooling Towers Limited (India), Rittal GmbH & Co. KG (Germany), Robson Industries Inc. (US), Schneider Electric SE (France), SPX Corporation (US), Star Cooling Towers Pvt. Ltd. (India), STULZ GmbH (Germany), Thermal Care Inc. (US), Vertiv Group Corporation (US) |
This chapter will help you gain GLOBAL Market Analysis of Industrial Cooling System. Further deep in this chapter, you will be able to review Global Industrial Cooling System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Industrial Cooling System Market Trends North America Industrial Cooling System Technological Road Map North America Industrial Cooling System Market Drivers North America Industrial Cooling System Market Restraints North America Industrial Cooling System Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Function Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Cooling System market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Air Cooling have a significant impact on Industrial Cooling System market? |
What are the key factors affecting the Air Cooling and Evaporative Cooling of Industrial Cooling System Market? |
What is the CAGR/Growth Rate of Stationary Cooling during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Cooling System Market? |
Which region is expected to dominate the global Industrial Cooling System Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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