Press release
Cooling the Future: Key Trends in the 2024 Industrial Cooling Systems Market
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Industrial Cooling Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $26.58 billion In 2028 At A CAGR Of 7.2%.
The industrial cooling systems market size has grown strongly in recent years. It will grow from $18.63 billion in 2023 to $20.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to industrialization and manufacturing growth, energy efficiency concerns, stringent environmental regulations, process optimization.
The industrial cooling systems market size is expected to see strong growth in the next few years. It will grow to $26.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to adoption of sustainable practices, rise in data center construction, urbanization and infrastructure development. Major trends in the forecast period include application of heat recovery systems, adoption of hybrid cooling systems, remote monitoring and maintenance, customization for specific industrial processes, development of water treatment and filtration solutions.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12443&type=smp
Industrial Cooling Systems Market Major Segments
The industrial cooling systems market covered in this report is segmented -
1) By Type: Water Cooling System, Evaporative Cooling Systems, Air Cooling System, Hybrid Cooling System, Other Types
2) By Function: Transport Cooling, Stationary Cooling
3) By End-User: Power Generation, Industrial Manufacturing, Petrochemical Processing, Food Processing And Storage, Petroleum And Natural Gas Refining, Pharmaceuticals, Data Center, Other End-Users
Key Driver - Automotive Industry Surge Fuels Growth In Industrial Cooling Systems
Rise in usage of cooling systems in automotive industry is expected to propel the growth of the industrial cooling systems market in the coming forward. Cooling systems, also referred as air conditioning or refrigeration systems, are devices or systems that remove heat from an area or material, lowering its temperature. Cooling systems are essential in the automotive industry for regulating the temperature of various components and ensuring maximum engine performance. For instance, in 2021, according to, The European Automobile Manufacturers Association, Global automotive production was 79.1 million, a 1.3% increase over 2020. Furthermore, in February 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based standards group of the automobile industry in the European Union, over 68 million passenger automobiles were produced globally in 2022, up 7.9% from the previous year. Therefore, the rise in usage of cooling systems in automotive is driving the industrial cooling systems market.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=12443&type=smp
Prominent Trend - Advancing Industrial Cooling Systems With Honeywell's Breakthrough Technology
Product innovation is a key trend gaining popularity in the industrial cooling systems market. Major companies operating in the industrial cooling systems market are focused on developing innovative products with advanced technologies to strengthen their position in the market. For instance, in February 2022, Honeywell, a US-based performance materials and technology company, launched Solstice E-Cooling, a ground-breaking platform of liquid heat transfer agents that efficiently and effectively cool high-performance electronics in comparison to conventional techniques that use air and water. The innovative cooling technology for electronics and data centers uses a two-phase liquid cooling technology to cool electrical applications while minimizing the impact on the environment. Solstice E-Cooling provides for more uniform and energy-efficient cooling, better heat rejection, and less pumping power.
Industrial Cooling Systems Market Players
Major companies operating in the industrial cooling systems market report are Schneider Electric SE, ABB Ltd, DAIKIN Industries Ltd., Johnson Controls International plc, Carrier Corporation, Emerson Electric Co., Trane Technologies, Danfoss A/S, Xylem Inc., Alfa Laval AB, GEA Group Aktiengesellschaft, Rittal GmbH & Co. KG, Black Box Corporation, SPX Corporation, BITZER Kuhlmaschinenbau GmbH, Babcock & Wilcox Enterprises Inc., EVAPCO Inc., Baltimore Aircoil Company Inc., LU-VE S.p.A., Brentwood Industries Inc., Hamon Group S.A., ABCO HVACR Supply & Solutions, Güntner GmbH & Co. KG, ENEXIO Management GmbH, Airedale International Air Conditioning Ltd., Mayekawa MFG Co. Ltd., Thermal Care Inc., Robson Industries Inc.
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/industrial-cooling-systems-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the industrial cooling system market in 2023. The regions covered in the industrial cooling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Cooling Systems Market Report Structure
3. Industrial Cooling Systems Market Trends And Strategies
4. Industrial Cooling Systems Market - Macro Economic Scenario
5. Industrial Cooling Systems Market Size And Growth
…..
27. Industrial Cooling Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cooling the Future: Key Trends in the 2024 Industrial Cooling Systems Market here
News-ID: 3525957 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Cooling
Global Cooling Tower Market Size, Share, and Industry Outlook - 2024-2031 | SPX …
The latest report published by DataM Intelligence highlights the growth prospects of Cooling Tower market. The industry expansion is majorly driven by developments in technology across the globe.
Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/cooling-tower-market?ca
The Global Cooling Tower Market is estimated to reach at a high CAGR of 4.38% during the forecast period (2024-2031).
A cooling tower is a heat rejection device used…
Cooling Tower Market Growing Rapidly by 2031 - SPX Cooling Technologies, Inc., C …
Cooling Tower Industry Analysis, according DataM Intelligence. Although data provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
Will the Cooling Tower market emerge as the sector's next great thing? To discover the answer, look at the Cooling Tower market analysis and projections. In-depth…
Cooling Tower Market Growing Rapidly by 2031- SPX Cooling Technologies, Inc., Cl …
DataM Intelligence has published a new research report on "Cooling Tower Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Cooling Tower Market is Booming Worldwide |Cooling Tower Systems, STAR Cooling T …
According to HTF Market Intelligence, the Global Cooling Tower market to witness a CAGR of 4.29% during the forecast period (2024-2030). The Latest Released Cooling Tower Market Research assesses the future growth potential of the Cooling Tower market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and…
What's driving the Cooling Tower Market trends? Key Players are Haman, Internati …
MarketStudyReport.com Adds New Cooling Tower Market 2019 - 2025 research report providing information and data By Product, By Technology, By Design, By Build, By Construction Material, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 450 Pages with table and figures in it.
Ongoing investment in the upstream sector across the Asia Pacific & Middle East region will positively influence the business landscape. Prevailing expansion…
Cooling Tower Market Growth Overview Analysis of International Cooling, Reymsa, …
Based on data compiled by Market Study Report, LLC, this report on ‘Cooling Towe Market’ delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
Cooling Tower Market share is predicted to surpass USD 3 billion by…
