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North America Industrial Cooling Systems Market Size, Share & Industry Trends Analysis Report By End-user, By Function (Stationary Cooling, and Transport Cooling), By Product Type, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Aug 31, 2023
Length 118 Pages
SKU # KBV18251876

Description

North America Industrial Cooling Systems Market Size, Share & Industry Trends Analysis Report By End-user, By Function (Stationary Cooling, and Transport Cooling), By Product Type, By Country and Growth Forecast, 2023 - 2030


The North America Industrial Cooling Systems Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030).

The industrial cooling system is crucial in addressing several problems with heat exchange and industrial cooling. Mechanical advancements and interest in efficient cooling systems propel the market. In industries like utilities & power and oil & gas, these systems are typically used to reduce extra heat from parts as well as industrial equipment. This is because the strength of the workers and the quality of the generated or stored goods can be negatively impacted by excessive heat during a generation process.

Industrial cooling systems are increasingly utilized in the cooling systems in the chemical, metalworking, automotive, and energy & power sectors. The demand for medications and vaccines is rising due to population growth and pollution. The number of cases of lifestyle diseases has also increased dramatically among the population due to the swiftly rising consumption of junk food and the changing workplace culture.

In order to retain their potency and chemical stability, pharmaceutical products like medications and vaccines must be stored in a cool environment, which has boosted the demand for industrial cooling system solutions. Additionally, the pharmaceutical sector develops, manufactures, and distributes medicines with the intention of curing diseases.

According to the Government of Canada, with sales of items worth $117.8 billion in 2019 and 2% of the country's Gross Domestic Product (GDP), the food & beverage processing sector ranks second among all manufacturing sectors in Canada in terms of production value. Its sales represent 17% of all manufacturing sales. 290,000 Canadians are employed by it, making it the largest manufacturer in the country. It provides around 70% of all processed food and beverage items sold in Canada and is the biggest consumer of agricultural output. Hence, with the expansion of the food and beverage sector, the demand for industrial cooling will increase, thereby propelling the growth of the market.

The US market dominated the North America Industrial Cooling Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,547.3 million by 2030. The Canada market is experiencing a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.3% during (2023 - 2030).

Based on End-user, the market is segmented into Chemical, Oil & Gas, Utility & Power, Pharmaceuticals, Food & Beverage, and Others. Based on Function, the market is segmented into Stationary Cooling, and Transport Cooling. Based on Product Type, the market is segmented into Evaporative Cooling, Air Cooling, Water Cooling, and Hybrid Cooling. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Airedale International Air Conditioning Ltd. (Modine Manufacturing Company), Emerson Electric Co., GEA Group AG, Johnson Controls International PLC, Schneider Electric SE, SPX Technologies, Inc., Baltimore Aircoil Company, Inc. (Amsted Industries), Brentwood Industries, Inc., Star Cooling Tower Pvt Ltd. and Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)

Scope of the Study

Market Segments covered in the Report:

By End-user
  • Chemical
  • Oil & Gas
  • Utility & Power
  • Pharmaceuticals
  • Food & Beverage
  • Others
By Function
  • Stationary Cooling
  • Transport Cooling
By Product Type
  • Evaporative Cooling
  • Air Cooling
  • Water Cooling
  • Hybrid Cooling
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Airedale International Air Conditioning Ltd. (Modine Manufacturing Company)
  • Emerson Electric Co.
  • GEA Group AG
  • Johnson Controls International PLC
  • Schneider Electric SE
  • SPX Technologies, Inc.
  • Baltimore Aircoil Company, Inc. (Amsted Industries)
  • Brentwood Industries, Inc.
  • Star Cooling Tower Pvt Ltd.
  • Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

118 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Cooling Systems Market, by End-user
1.4.2 North America Industrial Cooling Systems Market, by Function
1.4.3 North America Industrial Cooling Systems Market, by Product Type
1.4.4 North America Industrial Cooling Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Forces Analysis
Chapter 5. Strategies Deployed in Industrial Cooling Systems Market
Chapter 6. North America Industrial Cooling Systems Market by End-user
6.1 North America Chemical Market by Country
6.2 North America Oil & Gas Market by Country
6.3 North America Utility & Power Market by Country
6.4 North America Pharmaceuticals Market by Country
6.5 North America Food & Beverage Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Industrial Cooling Systems Market by Function
7.1 North America Stationary Cooling Market by Country
7.2 North America Transport Cooling Market by Country
Chapter 8. North America Industrial Cooling Systems Market by Product Type
8.1 North America Evaporative Cooling Market by Country
8.2 North America Air Cooling Market by Country
8.3 North America Water Cooling Market by Country
8.4 North America Hybrid Cooling Market by Country
Chapter 9. North America Industrial Cooling Systems Market by Country
9.1 US Industrial Cooling Systems Market
9.1.1 US Industrial Cooling Systems Market by End-user
9.1.2 US Industrial Cooling Systems Market by Function
9.1.3 US Industrial Cooling Systems Market by Product Type
9.2 Canada Industrial Cooling Systems Market
9.2.1 Canada Industrial Cooling Systems Market by End-user
9.2.2 Canada Industrial Cooling Systems Market by Function
9.2.3 Canada Industrial Cooling Systems Market by Product Type
9.3 Mexico Industrial Cooling Systems Market
9.3.1 Mexico Industrial Cooling Systems Market by End-user
9.3.2 Mexico Industrial Cooling Systems Market by Function
9.3.3 Mexico Industrial Cooling Systems Market by Product Type
9.4 Rest of North America Industrial Cooling Systems Market
9.4.1 Rest of North America Industrial Cooling Systems Market by End-user
9.4.2 Rest of North America Industrial Cooling Systems Market by Function
9.4.3 Rest of North America Industrial Cooling Systems Market by Product Type
Chapter 10. Company Profiles
10.1 Airedale International Air Conditioning Ltd. (Modine Manufacturing Company)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Emerson Electric Co.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 GEA Group AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 Johnson Controls International PLC
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental & Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Schneider Electric SE
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 SPX Technologies, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Baltimore Aircoil Company, Inc. (Amsted Industries)
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Acquisition and Mergers:
10.7.3 SWOT Analysis
10.8 Brentwood Industries, Inc.
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 Star Cooling Tower Pvt Ltd.
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG)
10.10.1 Company Overview
10.10.2 SWOT Analysis

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