Industrial Water Cooling System Market size and Key Trends in terms of volume and value 2017-2027
Industrial Water Cooling System Market: Dynamics
According to estimates published by the World Business Council for Sustainable Development (WBCSD), about 22% of the available water is used for industrial purposes with developed countries utilizing over 55% of water, while the lesser developed countries using around 7% only. In terms of water volume, it is estimated that 1,170 cubic kilometres of water will be used up for industrial purposes by the year 2025. This enormous exploitation of water in the industries is likely to shape the market of industrial water cooling system in the future positively. Initiatives imposed to reduce water wastage and changing environmental regulations around the globe have put an onus on the manufacturing companies to revamp their infrastructure to house newer systems and processes with efficient machineries and also to reuse the spent water for other processes driving the growth of industrial water cooling system market in an upward trend.
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Though the market of industrial water cooling system is expected to improve in the forthcoming years, it will be facing a number of challenges in order to sustain at a healthy pace, which includes the availability of large quantity of freshwater. Installation of industries within the proximity of ground or surface water resources is also another challenge, as exploitation of such water bodies for industrial purposes is looked down upon by the general public leading to restricted usage of water for cooling purposes.
Industrial Water Cooling SystemMarket: Segmentation
Industrial Water Cooling SystemMarket can be segmented as follows;
By Product type, the Industrial Water Cooling System can be segmented as:
Natural Draft Cooling Towers
Mechanical Draft Cooling Towers
By Applications, the Industrial Water Cooling System market can be segmented as:
Power Generation Plants
Food and Beverage
Others (HVACR etc.)
Industrial Water Cooling SystemMarket: Regional Outlook
The market of industrial water cooling system in the Asia Pacific region is expected to grow at a rapid rate due to high level of industrialization taking place in China, India and Japan. The markets in North America and Western Europe regions are expected grow at sluggish pace as compared to Asia Pacific region, owing to low demand for such cooling systems and maturity attained in terms of industrialization. Growing petrochemical industry in the Latin America and Middle East regions is expected to contribute higher revenue returns, thereby improving the market in the said regions.
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Industrial Water Cooling System Market: Market Participants
Examples of some of the market participants identified in the Global Industrial Water Cooling System market include:
IWC (Pty) Ltd.
Cold Shot Chillers
Thermal Care, Inc.
Parker Hannifin Corporation
G.I. Industrial Holding S.p.A.
Heuch Pty. Ltd.
Rittal GmbH & Co. KG.
Freeze Co Systems, Ltd.
Hamon & Cie (International)
ENEXIO Management GmbH
Johnson Controls PLC
Berg Chilling Systems Inc.
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