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Temperature Control Unit Market- Topmost Companies Profiled with Sales and Net Revenue till 2030

03-13-2021 01:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Temperature Control Unit Market- Topmost Companies Profiled

The temperature control unit market is slated to grow at a CAGR of over 5% over the projected period, 2020-2030. The market growth will be mainly determined by demand from the food & beverage, pharmaceutical, and plastic industries.

"Despite the COVID-19 impact, the market recovery is anticipated towards the 2020 end. Post pandemic, rapid growth in food & beverage, plastic, chemical, and pharmaceutical industries is poised to generate higher market demand for temperature control units, thus contributing to market growth." says the Fact.MR report.

Temperature Control Unit Market - Key Takeaways

In terms of pump capacity, > 60 GPM will hold maximum sway in the market over the assessment period.

In terms of end-use, the plastic industry will gain traction in the global market, recording a 4% CAGR throughout 2020-2030

Based on the system, the water type category is likely to account for about 88% of the overall value prospects during 2020-2030.

South Asia and East Asia hold over 52% of the overall market share in 2020 and will increase by 2030 end.

Request a report sample to gain comprehensive market insights at: https://www.factmr.com/connectus/sample?flag=S&rep_id=3424

Temperature Control Unit Market - Driving Factors

Precise and consistent requirement of heat transfer from multiple industries to have a controlled output escalates the market demand.

Industries are switching from traditional heating & cooling systems to temperature control units since these units permit precise temperature control.

The market will gain substantial traction in emerging nations due to rapid industrialization and urbanization, which has prompted process manufacturing activities in these nations.

Temperature Control Unit Market - Constraints

Rising worldwide price rivalry and competition in technology challenges the market growth.

A slowdown in the worldwide economy is likely to restrict growth prospects.

Anticipated Market Impact by COVID-19 Outbreak

The COVID-19 outbreak has affected the majority of the sectors. The temperature control unit market has been affected profoundly that is lasting for consecutive three quarters in 2020. However, the resumption of manufacturing activities will ensue growth in market demand. Post COVID-19 crisis, producers will focus on boosting their market presence in emerging nations such as India and China, due to the positive outlook from pharmaceutical, food & beverage, and plastics industries.

For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=3424

Competition Landscape

Major companies identified in the temperature control unit market are LP, WIKA Instrument, FRIGEL FIRENZE S.p.A., Toshiba Machine Co., Ltd., EUROCHILLER S.r.l, Carel Industries S.p.A., BOFA International Ltd., HB-Therm GmbH, SINGLE Temperiertechnik GmbH, Mokon Systems, Berg Chilling Systems Inc., Advantage Engineering, Inc., and Temptek, Inc.

More on the Report

The FACT.MR's market research report provides in-depth insights into the Temperature Control Unit market. The market is scrutinized based on pump capacity (< 20 GPM, 21-30 GPM, 31-60 GPM, > 60 GPM), system (water type, oil type), and end-use industry (plastics, food & beverages, pharmaceuticals, printing, chemicals, energy, engineering and mechanical, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).

Media Release: https://www.factmr.com/media-release/1646/temperature-control-unit-market-trends

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

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