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Industrial Cooling System Market Trends

  • Report ID: GMI675
  • Published Date: Jul 2024
  • Report Format: PDF

Industrial cooling System Market Trends

Digital transformation in industrial cooling is changing the monitoring, control, and management of industrial cooling systems. Cloud platforms and remote monitoring have enabled real-time monitoring, predictive maintenance, and centralized control. Connected sensors and data analytics provides deep dive insights into the system performance, energy consumption, and potential issues. This data-driven approach enables proactive maintenance, optimization of cooling operations, and energy management, leading to improved efficiency, reduced downtime, and cost savings.
 

The increasing concerns regarding reduction of greenhouse gas emissions have put high emphasis on the adoption of environmental-friendly refrigerants. Industrial cooling system manufacturers are increasingly adopting low-GWP alternatives such as Hydrofluorocarbons (HFCs). Additionally, natural refrigerants such as ammonia (NH3) and carbon dioxide (CO2) are gaining traction due to their zero or very low GWPs. These refrigerants offer improved energy efficiency and have minimal impact on the environment.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of industrial cooling system was reached USD 19.21 billion in 2023 and is expected to grow at over 6% CAGR from 2024 to 2032, attributed to the fast-growing data center sector.

The evaporative industrial cooling system market is expected to cross over USD 14.9 billion by 2032, owing to energy efficiency, environmental friendliness, and low-cost adoption.

U.S. industrial cooling system market will expand rapidly by 2032, driven by increasing demand for power generation to cater to the growing energy-demand.

Emerson Electric Co, Vertiv Group Corporation, STULZ GmbH, Rittal GmbH & Co. KG, Baltimore Aircoil Company Inc, Black Box Corporation, and Hamon Group among others.

Industrial Cooling System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 200
  • Countries covered: 22
  • Pages: 210
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