Industrial Cooling: Technologies and Global Markets

Report Highlights

The global market for industrial cooling technologies in 2013 was worth $7.4 billion and nearly $7.9 billion in 2014. This market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2014 and 2019. This will result in $11 billion global market in 2019.

Report Includes

• A synopsis of the worldwide market for technologies used to provide cooling for industrial processes.
• Analyses of global market trends, with data from 2012, 2013 and 2014, and projections of CAGRs through 2019.
• An overview of the various industrial cooling technologies available, their application, and a background section describing the importance of cooling technologies to various industrial processes.
• A high level review of industrial activity on a regional basis with emphasis on North America, Europe, and Asia.
• Comprehensive company profiles of major players in the field.

Report Scope

The scope of this investigation includes major industrial cooling system categories that are being installed across all scales and facets of industrial production. The report covers cooling technologies that are applicable to small-scale and minor auxiliary waste heat loads, up to very large waste heat loads associated with large-scale electricity production. Industrial cooling technologies are used to reject waste heat across a wide array of manufacturing processes, raw materials production, chemicals production, refining, electricity production, food production and an array of other processes around the globe. Specific technology categories considered in this report comprise four separate industrial cooling system categories: once-through cooling, evaporative cooling systems, hybrid cooling systems, and dry cooling systems, as shown in the following table.

Table A

Industrial Cooling Technologies Considered in this Report

The market analysis provided in this report is based on a variety of data sources. These include: the most recent government, industry and corporate data on industrial energy efficiency technology sales, production, imports and exports; manufacturing and industrial productivity data used to help gage historic and anticipated future market growth; data generated by recent and ongoing R&D efforts aimed at identifying new and developing niches for certain classes of industrial cooling technologies and potential for associated growth; and available corporate project announcements for major industrial installations that include cooling systems.

Select emerging industrial cooling technologies that may become commercially viable within the next five years are summarized but are not included in the market assessment of this report. BCC Research analyzes each major viable industrial cooling technology as shown above, determines its current market status, examines its impact on future markets and presents forecasts of growth over the next five years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry. Sales of both new and replacement/retrofit installations are considered.

BCC Research analyzes the industrial cooling industry on a global basis in terms of its manufacturing and the deployment of its technologies or products. BCC Research also examines government roles in regulating industrial facilities as relevant to cooling systems globally and identifies key laws and regulations that are expected to support or hinder market development through 2019. BCC Research also discusses recent trends and projections in terms of unit sales (as well as market sales values).

GLOBAL MARKETS

The following table provides a review of the major global markets that were assessed in support of this study. Market breakouts are provided within the report for each of the regions and countries shown below.

Table B

List of Global Markets Considered in this Study

Source: BCC Research

Analyst Credentials

Robert Eckard, PhD, has 15 years of experience working in the cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.