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Industrial Cooling: Technologies and Global Markets

  • January 2015
  • -
  • BCC Research
  • -
  • 155 pages

Summary

Table of Contents

This BCC Research report provides a global overview of the global and markets for four major categories of industrial cooling systems, with breakdowns by region and by major technology. Market potential for these technologies is provided from 2014 through 2019.

Use this report to:
- Analyze recent and historic industrial cooling system markets and emerging trends that weigh on market valuations.
- Analyze existing industrial cooling technologies, focusing on large and moderate-sized manufacturers within each of the major categories that are commonly applied to disperse waste heat in industrial systems.
- Learn about the industry structure, and the regulatory environment.

Highlights
- The global market for industrial cooling technologies was worth $7.4 billion in 2013 and nearly $7.9 billion in 2014. The market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2014 and 2019 resulting in $11 billion total in 2019.
- Markets for industrial cooling technologies in mature economies have increased from nearly $3.9 billion in 2013 to more than $4 billion in 2014. These markets will continue to grow at a moderate pace, surpassing $5 billion in 2019, for a five-year CAGR of 4.6% from 2014 through 2019.
- The market for industrial cooling technologies in developing and transition economies increased from nearly $3.6 billion in 2013 to $3.8 billion in 2014. These economies will show sharp gains through 2019, with total markets expanding to more than $6.0 billion by 2019, for a CAGR of 9.3% from 2014 through 2019.

Introduction & Scope

INTRODUCTION

STUDY GOALS AND OBJECTIVES
This report provides an overview of the global market for four major categories of industrial cooling systems, with breakdowns by region and by major technology. BCC
Research’s goal in conducting this study was to assess and describe the current status and potential growth of the global industrial cooling industry and the associated
market for industrial cooling systems and technologies. More specifically, the study includes the following objectives: (1) summarize recent historic industrial cooling
system markets and emerging trends that weigh on market valuations and futures; (2) evaluate existing industrial cooling technologies, focusing on large and moderate-sized
manufacturers within each of the major categories of industrial cooling systems that are commonly applied to disperse waste heat in industrial systems; and (3) assess
market potential for these technologies over a five-year period, from 2014 through 2019.

REASONS FOR DOING THIS STUDY
Global and regional markets for industrial cooling systems are under a variety of pressures, several of which conflict; this generates a complex global market that reflects regional variations in demand for new and replacement industrial infrastructure, variations in water supply availability, variations in climate and an increasingly stringent regulatory environment in certain countries, which targets certain industrial cooling technologies but not others. The result is a patchwork or mosaic of varying market values that reflect the proportional influence of conflicting drivers.

This report seeks to untangle this complex overlay of market factors to lend insight to seasoned industry insiders, while also breaking down and summarizing regional variability in market factors, so that they are easy to understand and are more predictable to the reader. Drawing on this foundation, the report identifies regional and
national markets and technology categories that will show the strongest growth through 2019 and helps to provide the background and market information needed for
industrial cooling system manufacturers and other industry players
- To identify and pursue strategic market development actions.
- To take advantage of the coming market upturn.
- To generally support business planning and marketing within the industry.
This report will help industry executives, sales managers and strategists to better plan their approach to growth within today’s diverse industrial cooling markets.

INTENDED AUDIENCE
This study reviews industrial cooling system categories, along with relevant market and production information, technological descriptions and issues, applications and
market factors, and market potential. The study also gives an overview of relevant incentives and regulations in major global markets, with additional discussion, as
relevant, for select national level markets. This study will be of interest to current and potential manufacturers and suppliers of industrial cooling systems and to
entrepreneurs and entrepreneurial companies interested in entering or expanding into the industrial cooling sector. It will also be of interest to corporate planners and
strategists, industrial cooling system research and development (R&D) strategists and engineering, procurement and construction (EPC) firms involved in the development
and installation of custom-designed or tailored industrial cooling systems, industrial cooling and related industry groups and other public- and private-sector interest
groups and market analysts.

SCOPE OF REPORT AND METHODOLOGY
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.

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).

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