Concrete Cooling Market Research Report: Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Company Profile, Product Picture and Specifications during the Forecast period by 2025
— Global Market Insights Inc. announces an ongoing comprehensive report on concrete cooling market. This report provides an exhaustive account of the industry including:
• Concrete cooling industry size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major concrete cooling industry trends, technology evolution, economic indicators, and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
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Since nuclear power capacity is increasing steadily worldwide, concrete cooling demand from nuclear plant construction applications has significantly increased. According to the World Nuclear Association, currently, there are about nuclear 50 power reactors under construction in 15 nations, notably Russia, China, India, and the UAE. The rapid expansion of nuclear power plants will create an impetus for concrete cooling market in the future.
The water-cooling segment is poised to accrue a significant share of concrete cooling market over the foreseeable years. This segment would primarily gain from the expansion of the construction and building industry. Construction is booming across developing nations and the need for concrete cooling systems will be higher in these regions. Water cooling is a commonly used method to cool concrete during construction projects. Increasing use of cold water in the concrete mix by the means of retreating machine or cold-water tanks will result in segmental growth over the years.
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In terms of regional outlook, the Asia Pacific concrete cooling market led by India, China, and Japan is slated to offer attractive opportunities to industry players. The National Investment Promotion & Facilitation Agency estimates India’s construction output to witness an average growth of 7.1% each year by 2025. Infrastructural growth and expansion of the construction & building industry, majorly led by rapid urbanization across India and China, will boost concrete cooling industry in the region.
Rise in infrastructural development activities is also abundant in countries like Thailand, Malaysia, Australia, and Indonesia. The governments of these countries have been undertaking ample measures to increase the construction of residential and commercial establishments, which would further augment the revenue share of APAC concrete cooling market.
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The competitive sphere of the concrete cooling market includes well-known players such as Coldcrete, Fujian Snowman, KTI-Plersch Kältetechnik GmbH, Icelings, Kirloskar Pneumatic, Focusun Refrigeration Corp, and North Star Ice Equipment Corp. These companies are innovating and launching new solutions to suffice the growing end-user needs and to enhance their status in this business vertical.
Name: Arun Hegde
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Organization: Global Market Insights
Release ID: 88895872