INDUSTRIAL COOLING SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Strict environmental and energy efficiency regulations

Authorities in many countries have introduced stringent regulations regarding carbon emissions, energy efficiency and waste heat recovery in industries. Failure to comply with such norms can attract hefty penalties. This has motivated industries to focus more on sustainable manufacturing practices. One of the focus areas is on upgrading their cooling infrastructure to newer energy efficient technologies. Regulations mandate monitoring and reporting of key performance indicators like power usage effectiveness (PUE) of data centers. Advancements in cooling engineering have enabled the development of greener solutions like fluid coolers, evaporative condensers and adiabatic condensers which provide comparable cooling with lower energy consumption compared to conventional equipment. Industries are also exploring possible reuses of waste heat from cooling systems to further boost energy savings. Compliance to regulatory driver forces industries to periodically retrofit existing conventional cooling systems with improved eco-friendly alternatives having lower total owning cost in long-run. Therefore, the evolving regulatory landscape has become a critical factor fuelling investments in next-gen industrial cooling technologies globally.

• Airedale International Air Conditioning Ltd.
• American Power Conversion (APC)
• Baltimore Aircoil Company
• Brentwood Industries, Inc.
• Emerson Electric Co.
• Enexio
• GEA Group Aktiengesellschaft
• Hamon Group S.A.
• Johnson Controls International plc
• Paharpur Cooling Towers
• Rittal GmbH & Co. KG
• Schneider Electric SE
• SPIG S.p.A.
• SPX Corporation
• Star Cooling Tower Pvt Ltd