Press release
Market For Chilled Water Storage Systems Is Expected To Grow At A 6.9% CAGR
The chilled water storage system is a type of TES (Thermal Energy Storage), which is a popular technique for implementing demand-side energy management strategies. It is used to store water at temperatures ranging from 4.40 to 5.60 degrees Celsius using conventional chillers.
Chilled water storage systems are available in sizes ranging from one to several hundred tonnes.
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They are also used in residential, commercial, and industrial construction. They are also intended for commercial projects larger than 500,000 square feet that have space for a chilled water storage system. They are classified into three types based on water storage and mixing: multiple tank systems, single tank systems, and single tank systems.
The Market For Chilled Water Storage System is being driven by rising demand in a variety of end-use industries, including petrochemical, oil and gas, pharmaceutical, and food and beverages. Other factors driving growth in the Market For Chilled Water Storage System include the installation of new cooling systems in industries, increased demand from power generation plants, and rising demand for low-cost, energy-efficient products.
Furthermore, the Market For Chilled Water Storage System is expected to benefit from an increased focus on green buildings and the renovation of old-constructed buildings to green buildings.
Also, some factors such as significant demand for free cooling, storage cooling solutions, growing use of efficient air cooling systems, etc. can be considered trends in the industry. Power generation, automotive manufacturing, petrochemical processing, and similar sectors are influencing the market demand for chilled water storage systems, owing to the growing awareness of new techniques among end-users.
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Market Competition
Some of the key participants present in the global Market For Chilled Water Storage System include Wessels Company, Cool Water Technologies, Cooling Tower Systems, Inc., Delta Cooling Towers, Inc., Johnson Controls., Brentwood Industries, Inc., Paharpur Cooling Towers Limited, Berg Chilling Systems Inc., Liang Cooling Tower Sdn Bhd and King Sun Industry Co. Ltd. & Horus Air Moving Co. Ltd. among others.
Key Segments Profiled in the Chilled Water Storage System Industry Survey
Market For Chilled Water Storage System by Type:
• Stratified Tank Chilled Water Storage Systems
• Multiple Tank Chilled Water Storage Systems
• Diaphragm Tank Chilled Water Storage Systems
Market For Chilled Water Storage System by Application:
• Chilled Water Storage System for Food Processing & Storage
• Chilled Water Storage System for Industrial, Commercial and Residential Applications
• Chilled Water Storage System for Healthcare & Pharmaceuticals
• Chilled Water Storage System for Petrochemical Processing
• Chilled Water Storage System for Petroleum & Natural Gas Refining
• Chilled Water Storage System for Power Generation and Automotive
Market For Chilled Water Storage System by Region:
• North America Market For Chilled Water Storage System
• Latin America Market For Chilled Water Storage System
• Europe Market For Chilled Water Storage System
• Asia Pacific Market For Chilled Water Storage System
• Middle East and Africa Market For Chilled Water Storage System
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
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