Global Industrial Cooling Systems Market to Reach $28.7 Billion by 2030
The global market for Industrial Cooling Systems estimated at US$19 Billion in the year 2022, is projected to reach a revised size of US$28.7 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Evaporative Cooling, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$11.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Air Cooling segment is readjusted to a revised 5.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 8.2% CAGR
The Industrial Cooling Systems market in the U.S. is estimated at US$5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 17 Featured) -
- Airedale International Air Conditioning Ltd.
- American Power Conversion Corporation
- Baltimore Aircoil Company
- Bell Cooling Towers (P) Ltd.
- Black Box Corporation
- Brentwood Industries, Inc.
- Emerson Electric Company
- ENEXIO Management GmbH
- Evapco, Inc.
- HAMON & CIE (International) SA
- Johnson Controls, Inc.
- Mesan Group
- Paharpur Cooling Towers Ltd.
- Rittal GmbH & Co. KG
- SPX Corporation
- Star Cooling Towers LP
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Airedale International Air Conditioning Ltd.
- American Power Conversion Corporation
- Baltimore Aircoil Company
- Bell Cooling Towers (P) Ltd.
- Black Box Corporation
- Brentwood Industries, Inc.
- Emerson Electric Company
- ENEXIO Management GmbH
- Evapco, Inc.
- HAMON & CIE (International) SA
- Johnson Controls, Inc.
- Mesan Group
- Paharpur Cooling Towers Ltd.
- Rittal GmbH & Co. KG
- SPX Corporation
- Star Cooling Towers LP
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 282 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 19 Billion |
Forecasted Market Value ( USD | $ 28.7 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |