Market Overview:
The global cooling apparatus 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 air-conditioning and refrigeration systems in commercial and industrial applications. Air cooling apparatus are expected to account for the majority of the market share during the forecast period, owing to their low cost and easy installation. However, liquid cooling apparatuses are gaining popularity due to their high efficiency and ability to cool large areas quickly.
Product Definition:
A cooling apparatus is a device that is used to cool a substance. This can be done by either removing heat from the substance or adding cold air to it. The main purpose of a cooling apparatus is to keep substances at safe temperatures.
Air Cooling Apparatus:
Air cooling apparatus is used to remove heat from an engine or other hot part of a machine. It consists of a blower, usually driven by the power source, which forces air through the coolant circuit and over the hot area. The heat transfer coefficient for air cooling is much higher than that for water or liquid cooling and thus it's widely used in industrial processes as well.
Liquid Cooling Apparatus:
Liquid cooling apparatus is used to transfer heat from one place to another, which is generally done by using a closed circuit of water or some other fluid. The liquid used in the circuit acts as a heat exchanger and helps in removing the excess heat generated at higher temperatures. It works on the principle of thermodynamics and uses cold fluid (generally water) to cool down an object of high temperature.
Application Insights:
The industrial application segment led the global cooling apparatus market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for automated manufacturing systems, which require extreme precision during production processes. Moreover, technological advancements such as implementation of advanced control systems are further expected to drive the demand for cooling equipment in industrial applications over the coming years.
Commercial application segment was valued at USD 1,227.5 million in 2017 owing to its wide-scale use across data centers and high-end offices across various regions including North America and Europe Pacific region on account of increasing IT infrastructure deployment activities coupled with rising commercial construction spending is expected to drive demand from commercial sector over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and vendors in this region. The U.S., being one of the most industrialized countries, has a well-established manufacturing sector, which is expected to drive regional growth over the forecast period. Furthermore, growing commercial construction activities are also anticipated to fuel product demand over the next eight years.
Asia Pacific is projected to be one of fastest-growing regions during the forecast period owing to rapid industrialization and urbanization taking place in emerging economies such as China and India. These countries have been experiencing strong economic growth due to increasing investments from foreign players operating across various industries including food & beverage; pharmaceuticals; automotive; consumer goods; etc., thus driving industry expansion at an exponential rate since past few years (see Exhibit 1).
Growth Factors:
- Increasing demand for energy-efficient cooling systems
- Growing popularity of data centers and server rooms
- Proliferation of smart buildings and the Internet of Things (IoT)
- Rising concerns about environmental sustainability
- Advances in cooling technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Cooling Apparatus Market Research Report
By Type
Air Cooling Apparatus, Liquid Cooling Apparatus
By Application
Industrial, Commercial
By Companies
Thermax, SPX Cooling Technologies, EVAPCO, Alfa Laval, Guntner, Baltimore Aircoil, ICS Cool Energy, FRIGEL, MITA Group, Vistech
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Cooling Apparatus Market Report Segments:
The global Cooling Apparatus market is segmented on the basis of:
Types
Air Cooling Apparatus, Liquid Cooling Apparatus
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
Industrial, Commercial
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:
- Thermax
- SPX Cooling Technologies
- EVAPCO
- Alfa Laval
- Guntner
- Baltimore Aircoil
- ICS Cool Energy
- FRIGEL
- MITA Group
- Vistech
Highlights of The Cooling Apparatus 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:
- Air Cooling Apparatus
- Liquid Cooling Apparatus
- By Application:
- Industrial
- Commercial
- 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 Apparatus 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 apparatus is a machine used to cool something. It can be a refrigerator, air conditioner, or freezer.
Some of the key players operating in the cooling apparatus market are Thermax, SPX Cooling Technologies, EVAPCO, Alfa Laval, Guntner, Baltimore Aircoil, ICS Cool Energy, FRIGEL, MITA Group, Vistech.
The cooling apparatus market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cooling Apparatus 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 Cooling Apparatus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cooling Apparatus 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 Cooling Apparatus 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 Cooling Apparatus Market Size & Forecast, 2020-2028
4.5.1 Cooling Apparatus Market Size and Y-o-Y Growth
4.5.2 Cooling Apparatus 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 Air Cooling Apparatus
5.2.2 Liquid Cooling Apparatus
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 Industrial
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cooling Apparatus 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 Cooling Apparatus 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 Air Cooling Apparatus
9.6.2 Liquid Cooling Apparatus
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 Industrial
9.10.2 Commercial
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 Air Cooling Apparatus
10.6.2 Liquid Cooling Apparatus
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 Industrial
10.10.2 Commercial
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 Air Cooling Apparatus
11.6.2 Liquid Cooling Apparatus
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 Industrial
11.10.2 Commercial
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 Air Cooling Apparatus
12.6.2 Liquid Cooling Apparatus
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 Industrial
12.10.2 Commercial
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 Air Cooling Apparatus
13.6.2 Liquid Cooling Apparatus
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 Industrial
13.10.2 Commercial
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 Cooling Apparatus Market: Competitive Dashboard
14.2 Global Cooling Apparatus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermax
14.3.2 SPX Cooling Technologies
14.3.3 EVAPCO
14.3.4 Alfa Laval
14.3.5 Guntner
14.3.6 Baltimore Aircoil
14.3.7 ICS Cool Energy
14.3.8 FRIGEL
14.3.9 MITA Group
14.3.10 Vistech
