Global Chilled Water Storage Systems Market With Top Countries Data : Recent And Future Demand, Market Key Dynamics

The purpose of the report is to illustrate the state of the market of Chilled Water Storage Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2018, and also, to build a forecast for the growth of the industry in the medium term until 2026.

This report is the result of an extensive survey drawn from Coherent Market Insight’s exclusive panel of leading global market industry executives, it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Chilled Water Storage Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives.

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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2018.

Research methodology devised for this study:
Our methodology comprises a blend of primary and secondary research for engineering the market size, shares and estimations for global “Chilled Water Storage Systems” market specific to key segments, and regional segmentation.

Primary Research
The extensive secondary research carried out was complemented by extensive primary research to validate data and analysis. Primary research involved telephonic interviews, e-mail interactions as well as face-to-face interviews with the leading industry experts.

Secondary Research:
Some of the basic, but most important sources referred during the study included company annual reports, press releases, and relevant documents throwing light upon the recent developments in the global “Chilled Water Storage Systems” market . Reliable sources such as scientific journals, university research papers and government websites were equally referred for recognizing business opportunities in various geographical market s and market penetration of various products/services. In addition, paid databases were referred to collect information useful for extensive commercial study of the key players operating in “Chilled Water Storage Systems” market . In case where no data was available on the public domain, we used modeling and estimates to arrive at comprehensive data sets. Secondary research helped to prepare a base for “Chilled Water Storage Systems” market study.

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The report on the market of Chilled Water Storage Systems contains:

  • Analysis and forecast of Chilled Water Storage Systems market dynamics;
  • Analysis of domestic production, market shares of the main market players;
  • Analysis of exports and imports;
  • Analysis of factors, leading the development of the Chilled Water Storage Systems market;
  • Assessment and forecast of Chilled Water Storage Systems market development;
  • Financial and business profiles of the leading companies in the Chilled Water Storage Systems industry.

The participants tracked for primary interviews include:
-Vice President/ CEOs
-Marketing/product managers
-Market intelligence managers
-National sales managers
-Purchasing managers
-Distributors
-Other stakeholders

Scope:

– Up to date working Chilled Water Storage Systems data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Chilled Water Storage Systems for the period 2018 to 2026

– Planned Chilled Water Storage Systems additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Chilled Water Storage Systems projects by region, key countries, and companies

– Details of major planned Chilled Water Storage Systems projects in the world up to 2026

How this report is useful?
The “Chilled Water Storage Systems” report will facilitate strategic decision-making with reliable and authentic market data. It also maps the key competitors and their strategies and positioning in the “Chilled Water Storage Systems” market . The study also deals with innovative and upcoming technological trends that basically aims to give you an edge over competitors. Various industry models, market dynamics and data covered in the report offers clarity on various market s across the value chain. The report also provides decisive strategieswith an objective to support the decision making regarding market entry and exit. The study also highlights the revenue pockets and investment opportunities present in the market.

Chilled Water Storage Systems Market Global Briefing and Research Report 2018-2026

Chilled water storage system is a type of thermal energy storage technique, which is used to store water at temperatures ranging from 4°C to 6°C. The system is made of concrete and steel. Their sizes of storage range from 1 ton to several 100 tons and are generally used for commercial and industrial or residential purpose.

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Less annual energy consumption and operational cost along with low initial investment cost have resulted in a high demand for chilled water storage system from many end-use industries, such as petrochemical, oil & gas, pharmaceutical, and food & beverages, thereby driving the growth of chilled water storage system market. Further, growing necessity from the end-use industries for maintaining the heat density of various chemicals is another major factor fueling the growth of chilled water storage systems market currently. However, high electricity consumption by cooling systems, resulting in high electricity costs is one of the major factor restraining the growth of the chilled water storage system market.

Key players in the Chilled Water Storage System Market:

Some of the major player operating in the in the chilled water storage system market include Cool Water Technologies, Cooling Tower Systems, Inc., Delta Cooling Towers, Inc., Johnson Controls, Berg Chilling Systems Inc., King Sun Industry Co. Ltd., and Wessels Company among others.

Chilled Water Storage System Market Outlook:

North America is the largest market for chilled water storage systems. The U.S is the major contributor to the chilled water storage system market in North America, owing to the development of abundant unconventional natural gas resources and shale oil boom, which has resulted in rapid industrialization, in turn fueling the demand for chilled water storage systems, on account of its efficiency and energy saving capabilities.

Asia Pacific is the fastest growing region in chilled water storage systems market. China, India, and Japan are the major contributors to the growth of the chilled water storage systems market. Asia pacific is the largest region in food & beverages market. The food & beverage industry has a huge requirement for chilled water storage systems for a variety of applications. Further, economic stabilities in the region, rapid urbanization, and rising disposable income are the other factors responsible for the growth of chilled water storage system market in Asia Pacific.

Latin America is the leading economy in renewable resources with 52% of energy being produced from renewable sources, which has resulted in a high demand for chilled water storage systems.

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The Middle East is a major region for oil & gas and petroleum industries. Kuwait, Saudi Arabia, and Qatar are the important economies for the oil and gas production. Oil and gas industries have a high requirement for chilled water storage systems, which is fuelling the growth of chilled water systems market in the Middle East