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Industrial Cooling System Market Trends

  • Report ID: GMI675
  • Published Date: May 2023
  • Report Format: PDF

Industrial Cooling System Market Trends

Businesses are increasingly seeking energy-efficient cooling solutions to reduce operational costs and minimize their environmental impacts. Manufacturers are developing innovative technologies, such as variable speed drives, intelligent controls, and advanced refrigerants, to optimize the energy efficiency of cooling systems. IoT-enabled sensors and monitoring systems provide real-time data on cooling equipment performance, allowing businesses to optimize operations, identify potential issues, and implement predictive maintenance strategies. Remote monitoring and control capabilities are also becoming more prevalent, enabling improved efficiency & reduced downtime.
 

Manufacturers are also offering tailored products and systems that address the unique needs of various industries such as specific temperature ranges, heat dissipation capabilities, and scalability options. Customization allows businesses to achieve optimal cooling performance and efficiency in their specific processes.

Authors: Suraj Gujar, Anish Pathak

Frequently Asked Questions (FAQ) :

The market size of industrial cooling system crossed valuation of USD 15 billion in 2022 and will observe 10% CAGR from 2023-2032 due to growing adoption in the automotive sector.

The evaporative process cooling industry size reached over USD 5 billion in 2022 driven by the rising need for energy savings, cost-effectiveness, and low maintenance.

Food & beverages application sector held over 10% of the industry share in 2022 and will observe 15% growth rate till 2032 on account of growing usage in refrigeration, cold storage, fermentation, and product chilling.

Asia Pacific recorded more than 35% of the industry in 2022 driven by the booming food & beverage industry in China, India, Japan, South Korea, and Indonesia.

Airedale International Air Conditioning Ltd., Babcock & Wilcox Enterprises, Inc., Baltimore Aircoil Company Inc., Brentwood Industries, Inc., Emerson Electric Co., ENEXIO Management GmbH, EVAPCO, Inc., GEA Group Aktiengesellschaft, Hamon Group, and Johnson Controls Inc.

Industrial Cooling System Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 219
  • Countries covered: 19
  • Pages: 250
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