Global Temporary Cooling Market Insights, Analysis & Forecasts to 2025
Temporary Cooling Market Insights
The global temporary cooling market is likely to grow at a significant CAGR over the forecast period. The market is anticipated to be influenced by factors such as high electricity consumption clubbed with growing demand for energy efficient cooling technologies. Temporary cooling solutions are also used in greenhouses to reduce greenhouse gas emissions during a heat wave.
The increasing number of residential and commercial buildings across the world has also propelled the demand for temporary cooling solutions. The key industry players are involved in developing innovative products and solutions in order to increase energy efficiency and reduce environmental concerns, thereby opening new avenues for the industry growth over the coming years.
Furthermore, changing climatic conditions coupled with high demand for quick response backup solutions has propelled the demand for temporary cooling systems. This, in turn, is expected to stimulate the overall market growth.
Temporary Cooling Market: Type Insights
On the basis of type, the global temporary cooling market is segmented into air conditioning, chilling units, cooling towers, and liquid cooling systems among others. The air conditioning segment is projected to grow at a significant CAGR over the forecast period due to numerous benefits associated with it such as easy installation, cost-efficiency, and low maintenance among others. The cooling tower segment is anticipated to grow at a considerable CAGR due to its increased application in power generation, oil & gas, and industrial sectors.
Temporary Cooling Market: Application Insights
The global temporary cooling market is segregated into commercial, residential, and industrial segments, on the basis of the application. The commercial segment is projected to hold a significant share in the overall temporary cooling market. The segmental growth is attributed to the growing demand for backup solutions in the commercial sector in order to smoothen operations. The residential segment is also projected to grow at a moderate rate due to potential benefits of installing temporary cooling systems over the permanent HVAC systems. The temporary cooling systems also have a number of applications including community shelters, senior centers, and disaster relief centers among others.
Temporary Cooling Market: Regional Insights
North America is anticipated to hold a substantial share in the overall temporary cooling market due to advanced infrastructure facilities prevailing across the region. Asia Pacific is likely to experience highest CAGR over the projected period due to the increasing number of manufacturing facilities along with the expansion of the industrial sector particularly in China and India. The temporary cooling market in the Middle East & Africa is also projected to grow at a substantial rate as the region is exposed to high temperature which is projected to aid the demand for permanent as well as temporary cooling solutions over the coming years.
Temporary Cooling Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase temporary cooling systems over the coming years. Some leading consumers of temporary cooling market are Cisco Systems, Texas Instruments, EMC, American Airlines, and Alliance Capital among others.
Temporary Cooling Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Temporary Cooling Market Share & Competitor Analysis
Some of the players operating in the global temporary cooling market include Active Air, Johnson Controls, Trane, Andrews Sykes, TEM, GAL Power, Rankin Group, Movincool, TEMP-AIR, Inc., and DRYCO among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Temporary Cooling Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Temporary Cooling Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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