Market Overview:
The global cooling coils market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cooling coils from various end-use industries, such as food processing, pharmaceutical industry, power generation, and others. In terms of type, the water cooling coils segment is expected to lead the global cooling coils market during the forecast period. This can be attributed to its high efficiency and low operating cost as compared to other types of cooling coils.
Product Definition:
A cooling coil is a device used to extract heat from a fluid. The extracted heat can then be dissipated into the surrounding environment, typically air. Cooling coils are used in a variety of applications, including heating, ventilation, and air conditioning systems.
Water Cooling Coils:
Water cooling coils are used to remove heat from the water and transfer it to the atmosphere. It is one of the most effective ways of cooling a device as compared to air-cooling methods. The process also helps in reducing electricity costs by up to 80%. Water cooling coils work best for devices that operate at high temperatures, i.e., above 120°F (50°C).
Steam Cooling Coils:
The steam cooling coils are used in the cooling coils market. It is a device that extracts heat from a steam-based system and dissipates it into the atmosphere through an enclosed pipe or radiator. The process of extracting heat from the system and dissipating it into the atmosphere through radiators is called as “cooling”, hence this process is employed to reduce temperature in various systems such as industrial processes, buildings, engines, etc.
Application Insights:
The food processing industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The pharmaceutical industry is also estimated to be a lucrative market for these products as they are used in various applications, such as cooling of vaccines and medicines. In addition, refrigerant cooling coils are used for industrial purposes, such as cold storage facilities and meat processing plants. These factors are likely to drive product demand from 2018 to 2030.
Power generation is another key application segment that accounted for a significant share of the global revenue in 2017 due largely to rising demand from countries with rapidly growing electricity needs, such as China India Indonesia Vietnam etcetera etcetera).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industries such as food & beverage, pharmaceuticals, and power generation. This can be attributed to an increase in population coupled with rising living standards of consumers across emerging economies including China and India.
China is one of the major manufacturing hubs for various electronic products owing to availability of low-cost labor force along with advanced infrastructure facilities such as low-power electronics plants, which consume less energy than their counterparts located at high altitudes. These factors have led China to dominate the Asia Pacific regional market for cooling coils over the past few years; however, this may change during the forecast period due to growing awareness among consumers regarding environment protection issues caused by industrial waste heat emission from manufacturing facilities operating under standard conditions (high temperature/low pressure).
Growth Factors:
- Increasing demand for air conditioning in residential and commercial sectors
- Rising awareness about the benefits of using air conditioners
- Growing construction industry worldwide
- Technological advancements in cooling coils market
- Stringent government regulations to promote energy-efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Cooling Coils Market Research Report
By Type
Water Cooling Coils, Steam Cooling Coils, Refrigerant Cooling Coils
By Application
Food Processing, Pharmaceutical Industry, Power Generation, Others
By Companies
Johnson Controls, SPC, Finpower Aircon, Rheem Manufacturing, AAON, Colmac Coil, Carrier, Friterm, Trenton Refrigeration, Exhausto, HC Coils, Anderson Snow Corporation, KeepRite Refrigeration, Markair, Lizheng Stainless Steel Tube & Coil Corp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Cooling Coils Market Report Segments:
The global Cooling Coils market is segmented on the basis of:
Types
Water Cooling Coils, Steam Cooling Coils, Refrigerant Cooling Coils
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Processing, Pharmaceutical Industry, Power Generation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- SPC
- Finpower Aircon
- Rheem Manufacturing
- AAON
- Colmac Coil
- Carrier
- Friterm
- Trenton Refrigeration
- Exhausto
- HC Coils
- Anderson Snow Corporation
- KeepRite Refrigeration
- Markair
- Lizheng Stainless Steel Tube & Coil Corp
Highlights of The Cooling Coils Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water Cooling Coils
- Steam Cooling Coils
- Refrigerant Cooling Coils
- By Application:
- Food Processing
- Pharmaceutical Industry
- Power Generation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cooling Coils Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A cooling coil is a metal or plastic tube that transfers heat away from an electronic device. The coils are usually made of copper, aluminum, or stainless steel and are inserted into the device's motherboard. They work by transferring heat away from the CPU and other components to the air around it.
Some of the major players in the cooling coils market are Johnson Controls, SPC, Finpower Aircon, Rheem Manufacturing, AAON, Colmac Coil, Carrier, Friterm, Trenton Refrigeration, Exhausto, HC Coils, Anderson Snow Corporation, KeepRite Refrigeration, Markair, Lizheng Stainless Steel Tube & Coil Corp.
The cooling coils market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cooling Coils Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cooling Coils Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cooling Coils Market - Supply Chain
4.5. Global Cooling Coils Market Forecast
4.5.1. Cooling Coils Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cooling Coils Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cooling Coils Market Absolute $ Opportunity
5. Global Cooling Coils Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cooling Coils Market Size and Volume Forecast by Type
5.3.1. Water Cooling Coils
5.3.2. Steam Cooling Coils
5.3.3. Refrigerant Cooling Coils
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cooling Coils Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cooling Coils Market Size and Volume Forecast by Application
6.3.1. Food Processing
6.3.2. Pharmaceutical Industry
6.3.3. Power Generation
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cooling Coils Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cooling Coils Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cooling Coils Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cooling Coils Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cooling Coils Demand Share Forecast, 2019-2026
9. North America Cooling Coils Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cooling Coils Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cooling Coils Market Size and Volume Forecast by Application
9.4.1. Food Processing
9.4.2. Pharmaceutical Industry
9.4.3. Power Generation
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cooling Coils Market Size and Volume Forecast by Type
9.7.1. Water Cooling Coils
9.7.2. Steam Cooling Coils
9.7.3. Refrigerant Cooling Coils
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cooling Coils Demand Share Forecast, 2019-2026
10. Latin America Cooling Coils Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cooling Coils Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cooling Coils Market Size and Volume Forecast by Application
10.4.1. Food Processing
10.4.2. Pharmaceutical Industry
10.4.3. Power Generation
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cooling Coils Market Size and Volume Forecast by Type
10.7.1. Water Cooling Coils
10.7.2. Steam Cooling Coils
10.7.3. Refrigerant Cooling Coils
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cooling Coils Demand Share Forecast, 2019-2026
11. Europe Cooling Coils Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cooling Coils Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cooling Coils Market Size and Volume Forecast by Application
11.4.1. Food Processing
11.4.2. Pharmaceutical Industry
11.4.3. Power Generation
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cooling Coils Market Size and Volume Forecast by Type
11.7.1. Water Cooling Coils
11.7.2. Steam Cooling Coils
11.7.3. Refrigerant Cooling Coils
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cooling Coils Demand Share, 2019-2026
12. Asia Pacific Cooling Coils Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cooling Coils Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cooling Coils Market Size and Volume Forecast by Application
12.4.1. Food Processing
12.4.2. Pharmaceutical Industry
12.4.3. Power Generation
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cooling Coils Market Size and Volume Forecast by Type
12.7.1. Water Cooling Coils
12.7.2. Steam Cooling Coils
12.7.3. Refrigerant Cooling Coils
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cooling Coils Demand Share, 2019-2026
13. Middle East & Africa Cooling Coils Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cooling Coils Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cooling Coils Market Size and Volume Forecast by Application
13.4.1. Food Processing
13.4.2. Pharmaceutical Industry
13.4.3. Power Generation
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cooling Coils Market Size and Volume Forecast by Type
13.7.1. Water Cooling Coils
13.7.2. Steam Cooling Coils
13.7.3. Refrigerant Cooling Coils
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cooling Coils Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cooling Coils Market: Market Share Analysis
14.2. Cooling Coils Distributors and Customers
14.3. Cooling Coils Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SPC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Finpower Aircon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rheem Manufacturing
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AAON
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Colmac Coil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Carrier
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Friterm
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Trenton Refrigeration
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Exhausto
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HC Coils
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anderson Snow Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KeepRite Refrigeration
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Markair
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lizheng Stainless Steel Tube & Coil Corp
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
