Market Overview:
The global electrical cabinet cooling units 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 electrical cabinets in various industries, such as transportation, power & energy, water treatment facilities, telecommunications, and security. In addition, the growing awareness about energy efficiency is also contributing to the growth of this market. The thermoelectric air conditioners segment is expected to dominate the global electrical cabinet cooling units market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. The compressor-based air conditioners segment is projected second largest in terms of revenue share and accounted for a share of 36% in 2017.
Product Definition:
Electrical Cabinet Cooling Units are used to keep electrical cabinets cool. They are important because if the cabinet overheats, it can damage the equipment inside.
Thermoelectric Air Conditioners:
Thermoelectric Air Conditioners (TAC) are used to cool the indoor area with the help of heat transfer from a refrigeration unit. The product is majorly used in commercial and industrial applications, but its application in residential cooling as well has been known to work exceptionally well. TACs are most effective when they are placed directly opposite or as close to the rear wall of an insulated electrical cabinet that contains high-power electric motors.
Compressor-Based Air Conditioners:
Compressor-based air conditioners are used in electrical cabinet cooling units. The compressor is an essential part of an air conditioning system and without it, the system will not be able to function. Compressor-based systems have a refrigerant circuit that forces outside air through a heat exchanger (compressor) before being distributed among the various rooms using fans or ducts.
Application Insights:
The power and energy segment dominated the global electrical cabinet cooling units market in 2017. The growth can be attributed to the rapid industrialization, especially in developing countries such as India and China. Moreover, increasing demand for electricity across commercial spaces, offices and households is expected to drive the product demand over the forecast period.
Telecommunication application was estimated at USD 1,252.6 million in 2017 owing to high air conditioning requirements in data centers for maintaining a cool environment for equipment maintenance. Furthermore, telecom companies are focusing on reducing their energy consumption by adopting efficient HVAC systems that consume minimal electricity thereby driving industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to rising industrialization and rapid urbanization in countries, such as China and India. In addition, increasing awareness regarding energy conservation is anticipated to drive demand for electrical cabinet cooling units in this region.
The Asia Pacific held a revenue share of more than 30% in 2017 owing to its large manufacturing sector that requires huge investments for production facilities with high efficiency equipment. Moreover, growing transportation sector across this region will further propel product demand during the forecast period.
Growth Factors:
- Increasing demand for electrical cabinets in various industries
- Growing awareness about the benefits of using electrical cabinet cooling units
- Technological advancements in the design and manufacturing of electrical cabinet cooling units
- Rising demand for energy-efficient and eco-friendly electrical cabinet cooling units
- Growing popularity of modular cabinets that require less cooling
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Cabinet Cooling Units Market Research Report
By Type
Thermoelectric Air Conditioners, Compressor-Based Air Conditioners, Vortex Coolers, Air-to-Air Heat Exchangers
By Application
Transportation, Power & Energy, Water Treatment Facilities, Telecommunications, Security
By Companies
Advanced Cooling Technologies, Thermacore, Seifert Systems, Vortec, ICE QUBE, SCHWAMMLE GmbH, Pelmar Engineering, Exair Corporation, Advanced Cooling Technologies
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Cabinet Cooling Units Market Report Segments:
The global Electrical Cabinet Cooling Units market is segmented on the basis of:
Types
Thermoelectric Air Conditioners, Compressor-Based Air Conditioners, Vortex Coolers, Air-to-Air Heat Exchangers
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
Transportation, Power & Energy, Water Treatment Facilities, Telecommunications, Security
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:
- Advanced Cooling Technologies
- Thermacore
- Seifert Systems
- Vortec
- ICE QUBE
- SCHWAMMLE GmbH
- Pelmar Engineering
- Exair Corporation
- Advanced Cooling Technologies
Highlights of The Electrical Cabinet Cooling Units 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:
- Thermoelectric Air Conditioners
- Compressor-Based Air Conditioners
- Vortex Coolers
- Air-to-Air Heat Exchangers
- By Application:
- Transportation
- Power & Energy
- Water Treatment Facilities
- Telecommunications
- Security
- 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 Electrical Cabinet Cooling Units 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?
An electrical cabinet cooling unit is a device that uses air conditioning to cool the interior of an electrical cabinet.
Some of the major players in the electrical cabinet cooling units market are Advanced Cooling Technologies, Thermacore, Seifert Systems, Vortec, ICE QUBE, SCHWAMMLE GmbH, Pelmar Engineering, Exair Corporation, Advanced Cooling Technologies.
The electrical cabinet cooling units 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 Electrical Cabinet Cooling Units 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 Electrical Cabinet Cooling Units Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electrical Cabinet Cooling Units 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 Electrical Cabinet Cooling Units 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 Electrical Cabinet Cooling Units Market Size & Forecast, 2020-2028 4.5.1 Electrical Cabinet Cooling Units Market Size and Y-o-Y Growth 4.5.2 Electrical Cabinet Cooling Units 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 Thermoelectric Air Conditioners
5.2.2 Compressor-Based Air Conditioners
5.2.3 Vortex Coolers
5.2.4 Air-to-Air Heat Exchangers
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 Transportation
6.2.2 Power & Energy
6.2.3 Water Treatment Facilities
6.2.4 Telecommunications
6.2.5 Security
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Cabinet Cooling Units 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 Electrical Cabinet Cooling Units 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 Thermoelectric Air Conditioners
9.6.2 Compressor-Based Air Conditioners
9.6.3 Vortex Coolers
9.6.4 Air-to-Air Heat Exchangers
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 Transportation
9.10.2 Power & Energy
9.10.3 Water Treatment Facilities
9.10.4 Telecommunications
9.10.5 Security
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 Thermoelectric Air Conditioners
10.6.2 Compressor-Based Air Conditioners
10.6.3 Vortex Coolers
10.6.4 Air-to-Air Heat Exchangers
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 Transportation
10.10.2 Power & Energy
10.10.3 Water Treatment Facilities
10.10.4 Telecommunications
10.10.5 Security
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 Thermoelectric Air Conditioners
11.6.2 Compressor-Based Air Conditioners
11.6.3 Vortex Coolers
11.6.4 Air-to-Air Heat Exchangers
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 Transportation
11.10.2 Power & Energy
11.10.3 Water Treatment Facilities
11.10.4 Telecommunications
11.10.5 Security
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 Thermoelectric Air Conditioners
12.6.2 Compressor-Based Air Conditioners
12.6.3 Vortex Coolers
12.6.4 Air-to-Air Heat Exchangers
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 Transportation
12.10.2 Power & Energy
12.10.3 Water Treatment Facilities
12.10.4 Telecommunications
12.10.5 Security
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 Thermoelectric Air Conditioners
13.6.2 Compressor-Based Air Conditioners
13.6.3 Vortex Coolers
13.6.4 Air-to-Air Heat Exchangers
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 Transportation
13.10.2 Power & Energy
13.10.3 Water Treatment Facilities
13.10.4 Telecommunications
13.10.5 Security
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 Electrical Cabinet Cooling Units Market: Competitive Dashboard
14.2 Global Electrical Cabinet Cooling Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Cooling Technologies
14.3.2 Thermacore
14.3.3 Seifert Systems
14.3.4 Vortec
14.3.5 ICE QUBE
14.3.6 SCHWAMMLE GmbH
14.3.7 Pelmar Engineering
14.3.8 Exair Corporation
14.3.9 Advanced Cooling Technologies