Market Overview:
The global milk tank cooling system 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 dairy products, especially in developing countries. In addition, the rising awareness about the health benefits of consuming dairy products is also contributing to the growth of this market. The global milk tank cooling system market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into less than 1000 Lt, 1000 - 5000 Lt, 5000 - 10000 Lt and more than 10000 Lt segments. The 1000 - 5000Lt segment is expected to account for a major share in terms of revenue in 2018 and is projected to grow at a CAGR of 6% during the forecast period from 2018-2030 owing to its growing demand from small-scale as well as large-scale dairy farms across different regions globally.
Product Definition:
A milk tank cooling system is a device used to lower the temperature of milk in a storage tank. This is important because it helps preserve the quality of the milk, and also prevents bacteria from growing.
Less than 1000 Lt:
The less than 1000 Lt market is estimated to be driven by the growing demand for milk tank cooling systems. The increasing need for energy efficiency in the dairy industry has led to a rise in demand for low temperature heaters, which is expected to drive growth over the forecast period.
Rising concerns regarding high energy consumption and greenhouse gas emissions have encouraged regulatory bodies such as U.
1000 - 5000 Lt:
1000 - 5000 Lt is the range of temperature that most of the milk cooling systems operate in. It is also known as a fever or heat wave range and it's usually where all the problems start to occur. The system works by removing heat from the dairy plant via air conditioning, hot water re-circulation, steam generation and direct thermal radiation. 1000 - 5000 Lt cooling systems are used for both small & large scale plants depending on requirements and space available etc., etc.
Application Insights:
The milk farm application segment accounted for the largest revenue share of over 60% in 2017. The demand for fresh, chilled and frozen milk products is high at the time of milking as it will help in maintaining the quality, taste and texture of end products. Milk tank cooling systems are installed at farms where bulk collection or bulk storage is done to maintain temperature levels as well as to store dairy products safely.
In addition, these systems also help in reducing energy consumption by 50%. Systems with multiple tanks allow heat exchange between raw milk and water or ice cream before its final consumption which further reduces energy consumption by 50%. These factors are likely to drive their demand over next seven years from a perspective of a farmer installing these systems on his/her own farm or through contractors.
Regional Analysis:
Asia Pacific dominated the global milk tank cooling system market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing dairy production and processing facilities in China, India, Japan, South Korea, Australia and New Zealand. In addition, rising awareness regarding hygiene and cleanliness of milk products is anticipated to drive demand for tank-based refrigeration systems in this region.
Europe accounted for a major share of revenue generated by the global market on account of high consumption levels coupled with growing exports from developed economies including Germany and U.K.
Growth Factors:
- Increasing demand for milk and dairy products: The global population is growing and with it, the demand for milk and dairy products. This is driving the growth of the Milk Tank Cooling System market as well.
- Urbanization in developing countries: A large portion of the world’s population is now living in cities, which has led to an increase in disposable income levels. This is resulting in an increase in demand for high-quality food items such as milk and dairy products, thereby propelling the growth of the Milk Tank Cooling System market.
- Rise in health consciousness among consumers: There has been a rise in health consciousness among consumers across the globe over recent years, which has led to an increased demand for healthy food items such as milk and diary products. This is benefiting the Milk Tank Cooling System market significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Tank Cooling System Market Research Report
By Type
Less than 1000 Lt, 1000 - 5000 Lt, 5000 - 10000 Lt, More than 10000 Lt
By Application
Milk Farm, Milk Processing Plants
By Companies
Danfoss, GEA Group AG, Paul Mueller Company, Packo Cooling
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Milk Tank Cooling System Market Report Segments:
The global Milk Tank Cooling System market is segmented on the basis of:
Types
Less than 1000 Lt, 1000 - 5000 Lt, 5000 - 10000 Lt, More than 10000 Lt
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
Milk Farm, Milk Processing Plants
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:
- Danfoss
- GEA Group AG
- Paul Mueller Company
- Packo Cooling
Highlights of The Milk Tank Cooling System 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:
- Less than 1000 Lt
- 1000 - 5000 Lt
- 5000 - 10000 Lt
- More than 10000 Lt
- By Application:
- Milk Farm
- Milk Processing Plants
- 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 Milk Tank Cooling System 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
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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 milk tank cooling system is a mechanical or electrical device that helps to keep the milk inside the tank at a consistent temperature. This is important because if the milk temperature fluctuates too much, it can cause spoilage and bacteria growth. A cooling system also helps to maintain a consistent flow of milk through the production line, which reduces wasted time and energy.
Some of the major players in the milk tank cooling system market are Danfoss, GEA Group AG, Paul Mueller Company, Packo Cooling.
The milk tank cooling system 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 Milk Tank Cooling System 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 Milk Tank Cooling System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Milk Tank Cooling System 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 Milk Tank Cooling System 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 Milk Tank Cooling System Market Size & Forecast, 2018-2028
4.5.1 Milk Tank Cooling System Market Size and Y-o-Y Growth
4.5.2 Milk Tank Cooling System Market Absolute $ Opportunity
Chapter 5 Global Milk Tank Cooling System 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 Milk Tank Cooling System Market Size Forecast by Type
5.2.1 Less than 1000 Lt
5.2.2 1000 - 5000 Lt
5.2.3 5000 - 10000 Lt
5.2.4 More than 10000 Lt
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Milk Tank Cooling System 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 Milk Tank Cooling System Market Size Forecast by Applications
6.2.1 Milk Farm
6.2.2 Milk Processing Plants
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Milk Tank Cooling System 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 Milk Tank Cooling System 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 Milk Tank Cooling System Analysis and Forecast
9.1 Introduction
9.2 North America Milk Tank Cooling System 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 Milk Tank Cooling System Market Size Forecast by Type
9.6.1 Less than 1000 Lt
9.6.2 1000 - 5000 Lt
9.6.3 5000 - 10000 Lt
9.6.4 More than 10000 Lt
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 Milk Tank Cooling System Market Size Forecast by Applications
9.10.1 Milk Farm
9.10.2 Milk Processing Plants
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 Milk Tank Cooling System Analysis and Forecast
10.1 Introduction
10.2 Europe Milk Tank Cooling System 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 Milk Tank Cooling System Market Size Forecast by Type
10.6.1 Less than 1000 Lt
10.6.2 1000 - 5000 Lt
10.6.3 5000 - 10000 Lt
10.6.4 More than 10000 Lt
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 Milk Tank Cooling System Market Size Forecast by Applications
10.10.1 Milk Farm
10.10.2 Milk Processing Plants
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 Milk Tank Cooling System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Milk Tank Cooling System 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 Milk Tank Cooling System Market Size Forecast by Type
11.6.1 Less than 1000 Lt
11.6.2 1000 - 5000 Lt
11.6.3 5000 - 10000 Lt
11.6.4 More than 10000 Lt
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 Milk Tank Cooling System Market Size Forecast by Applications
11.10.1 Milk Farm
11.10.2 Milk Processing Plants
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 Milk Tank Cooling System Analysis and Forecast
12.1 Introduction
12.2 Latin America Milk Tank Cooling System 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 Milk Tank Cooling System Market Size Forecast by Type
12.6.1 Less than 1000 Lt
12.6.2 1000 - 5000 Lt
12.6.3 5000 - 10000 Lt
12.6.4 More than 10000 Lt
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 Milk Tank Cooling System Market Size Forecast by Applications
12.10.1 Milk Farm
12.10.2 Milk Processing Plants
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) Milk Tank Cooling System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Milk Tank Cooling System 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) Milk Tank Cooling System Market Size Forecast by Type
13.6.1 Less than 1000 Lt
13.6.2 1000 - 5000 Lt
13.6.3 5000 - 10000 Lt
13.6.4 More than 10000 Lt
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) Milk Tank Cooling System Market Size Forecast by Applications
13.10.1 Milk Farm
13.10.2 Milk Processing Plants
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 Milk Tank Cooling System Market: Competitive Dashboard
14.2 Global Milk Tank Cooling System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss
14.3.2 GEA Group AG
14.3.3 Paul Mueller Company
14.3.4 Packo Cooling
