Market Overview:
The global cabinet coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cabinet coolers in various applications such as chemical, machinery, electronics and others. In terms of type, the below 300 Kal/h segment is expected to dominate the global cabinet coolers market during the forecast period owing to its low cost and easy installation. However, with technological advancements in this field, higher capacity cabinets are being developed which are likely to witness high demand from industrial sectors in future.
Product Definition:
A cabinet cooler is a device used to cool the internal components of an electronic enclosure. Cabinet coolers are typically used in applications where the operating temperature of the enclosure must be kept below a certain limit. By cooling the internal components, cabinet coolers help to prevent system failures and equipment damage.
Below 300 Kal/h:
Below 300 Kal/h is the new term in the cabinet cooler market. It means cooling below average temperature for human body. The cooling below 300 Kal/h is possible with the help of air conditioners, which are used to cool down room temperature and provide a comfortable environment for people inside as well as outside the room.
300-500 Kal/h:
300-500 kal/h is the range of thermal capacity of a cabinet cooler. It is used to measure the cooling performance or an icebox style cooler. The higher the number, better will be its efficiency in keeping food and drinks cold for a longer time duration. 300-500 Kal/h is usually recommended by retailers while purchasing an icebox style cooler as it has some relation with its efficiency and power consumption (Watts).
Application Insights:
The other application segment includes food and beverages, pharmaceuticals, cosmetics and others. The demand for cabinets that can maintain low temperature for storage and transportation of perishable products is expected to drive the market growth over the forecast period. In addition, rising demand for electronic equipment in various industries including oil & gas, medical technology and aerospace is anticipated to propel industry expansion over the coming years.
In terms of revenue, chemical emerged as the largest application segment with a share of 33% in 2017 owing to its extensive use in petrochemical plants across different regions coupled with stringent regulations pertaining to safety regarding storage and transportation of chemicals at high temperatures. Furthermore, rapid industrialization along with increasing investments by companies operating in this sector is anticipated fuel industry growth over the coming years.
Regional Analysis:
Europe dominated the global market in 2017 owing to high demand for technologically advanced cooling equipment. The region is expected to witness moderate growth over the forecast period, which can be attributed to increasing R&D activities and innovations in existing product lines. Asia Pacific is projected to register a significant CAGR over the forecast period due to rising industrialization and expanding electronics industry. In addition, growing awareness regarding energy-efficient products will drive regional growth further.
The chemical industry has witnessed exponential growth since past few years on account of increasing demand for chemicals across various end-use industries such as food & beverage, pharmaceuticals, paints & coatings among others globally owing to rapid industrialization and urbanization in emerging economies including China and India among other countries worldwide are anticipated boost market development further).
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for cabinet coolers is expected to grow at a CAGR of over 5% during the forecast period. One of the key growth drivers for this market is the increasing demand for energy-efficient appliances, as consumers are becoming increasingly aware of the need to save energy and reduce their carbon footprint.
- Rising disposable income in developing countries: Another major factor driving growth in this market is rising disposable income in developing countries, as consumers are now able to afford more expensive and advanced cooling solutions such as cabinet coolers.
- Growing popularity of miniaturized appliances: A third key driver for this market is the growing popularity of miniaturized appliances, which has led to an increase in demand for smaller cabinet coolers that can be easily integrated into tight spaces without compromising on performance or efficiency.
- Proliferation of smart homes and IoT devices: The fourth major driver fuelling growth in this market is the proliferation of smart homes and IoT devices, which has led to an increase in demand for connected cabinet coolers that can be controlled remotely using mobile apps or voice commands.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cabinet Coolers Market Research Report
By Type
Below 300 Kal/h, 300-500 Kal/h, 500-700 Kal/h, Above 700 Kal/h
By Application
Chemical, Machinery, Electronics, Others
By Companies
EXAIR, AiRTX, Meech International, Streamtek, Nex Flow, EXAIR
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Cabinet Coolers Market Report Segments:
The global Cabinet Coolers market is segmented on the basis of:
Types
Below 300 Kal/h, 300-500 Kal/h, 500-700 Kal/h, Above 700 Kal/h
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
Chemical, Machinery, Electronics, 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:
- EXAIR
- AiRTX
- Meech International
- Streamtek
- Nex Flow
- EXAIR
Highlights of The Cabinet Coolers 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:
- Below 300 Kal/h
- 300-500 Kal/h
- 500-700 Kal/h
- Above 700 Kal/h
- By Application:
- Chemical
- Machinery
- Electronics
- 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 Cabinet Coolers 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?
Cabinet coolers are a type of refrigerator that is designed to be placed inside of a cabinet. They are typically smaller than traditional refrigerators and have less storage space. Cabinet coolers are often more affordable than traditional refrigerators, and they can be easier to install because they do not require an electrical outlet.
Some of the major companies in the cabinet coolers market are EXAIR, AiRTX, Meech International, Streamtek, Nex Flow, EXAIR.
The cabinet coolers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cabinet Coolers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cabinet Coolers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cabinet Coolers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cabinet Coolers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cabinet Coolers Market Size & Forecast, 2020-2028
4.5.1 Cabinet Coolers Market Size and Y-o-Y Growth
4.5.2 Cabinet Coolers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 300 Kal/h
5.2.2 300-500 Kal/h
5.2.3 500-700 Kal/h
5.2.4 Above 700 Kal/h
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Machinery
6.2.3 Electronics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cabinet Coolers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cabinet Coolers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 300 Kal/h
9.6.2 300-500 Kal/h
9.6.3 500-700 Kal/h
9.6.4 Above 700 Kal/h
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Machinery
9.10.3 Electronics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 300 Kal/h
10.6.2 300-500 Kal/h
10.6.3 500-700 Kal/h
10.6.4 Above 700 Kal/h
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Machinery
10.10.3 Electronics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 300 Kal/h
11.6.2 300-500 Kal/h
11.6.3 500-700 Kal/h
11.6.4 Above 700 Kal/h
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Machinery
11.10.3 Electronics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 300 Kal/h
12.6.2 300-500 Kal/h
12.6.3 500-700 Kal/h
12.6.4 Above 700 Kal/h
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Machinery
12.10.3 Electronics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 300 Kal/h
13.6.2 300-500 Kal/h
13.6.3 500-700 Kal/h
13.6.4 Above 700 Kal/h
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Machinery
13.10.3 Electronics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cabinet Coolers Market: Competitive Dashboard
14.2 Global Cabinet Coolers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EXAIR
14.3.2 AiRTX
14.3.3 Meech International
14.3.4 Streamtek
14.3.5 Nex Flow
14.3.6 EXAIR
