Global Concrete Cooling Industry

Global Concrete Cooling Industry

  • April 2021 •
  • 289 pages •
  • Report ID: 5956428 •
  • Format: PDF
Abstract:
- Global Concrete Cooling Market to Reach $1.5 Billion by 2027
- Amid the COVID-19 crisis, the global market for Concrete Cooling estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027. Water Cooling, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$589.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ice Cooling segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $326.3 Million, While China is Forecast to Grow at 7.1% CAGR
- The Concrete Cooling market in the U.S. is estimated at US$326.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$267.5 Million by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
- Air Cooling Segment to Record 3.9% CAGR
- In the global Air Cooling segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$228.8 Million in the year 2020 will reach a projected size of US$292.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$206.4 Million by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period.

- Select Competitors (Total 46 Featured) -
  • Coldcrete Inc.
  • ConCool
  • Focusun Refrigeration Corporation
  • Fujian Snowman Co., Ltd.
  • Icelings
  • Kirloskar Pneumatic Co., Ltd.
  • Kti-Plersch Kaltetechnik GmbH
  • Lintec & Linnhoff Germany Gmbh
  • North Star Ice Equipment Corporation
  • Recom Ice Systems B.V.