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According to Zion Market Research, the global concrete cooling market was capitalized at USD 1,204 million during 2019 and is likely to attain USD 1,821.58 million by 2026, advancing at a CAGR of about 5.9% during the forecast timeframe. The concrete cooling market size will develop considerably due to growth in infrastructure development in the BRICS countries. As the construction industry is colossal in these nations, the requirement for concrete cooling systems can be high in these nations. The concrete water cooling system is the fastest developing section in the market, by type owing to its characteristics such as simple functionality, availability & cost-effectiveness.Some of the key players in the market are Kirloskar Pneumatic Company Limited, Coldcrete Inc., Recom Ice Systems, LINTEC Germany GmbH, Fujian Snowman Co., Ltd., ConCool LLC, TI-Plersch Kältetechnik GmbH, and Icelings.
Infrastructural Expansion In Developing Countries To Boost The Global Concrete Cooling Market
The global concrete cooling market is chiefly gaining from the development of the building & construction industry. As the construction is at its peak in the developing countries, the requirement for concrete cooling systems will relatively stay higher across these countries. In spite of the positive growth witnessed in emerged nations, the slump of the construction industry had an undesirable impact on the market’s course. While development trends are expected to stay positive in the forecasted period, the rate will nevertheless decline. In the Middle Eastern nations, the requirement for water cooling systems has surged in various segments. This also generates noteworthy opportunities for the concrete cooling market, since water cooling is the main technology it presents. In other budding nations, the requirement for concrete cooling is likely to be high since they focus on highway construction. Thus, high investment in the infrastructural expansion in budding countries will give noteworthy motion to the worldwide concrete cooling market.
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The global concrete cooling market is bifurcated on the basis of type, application, and regional analysis. Based on the type, the market is divided into ice cooling, water cooling, liquid nitrogen cooling, and air cooling. Based on the application, the market is divided into port, highway construction, nuclear reactors, dams, and others.
The Middle East Region Estimated To Witness Massive Growth In The Global Concrete Cooling Market
Based on geographical analysis, the global concrete cooling market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Middle East region is projected to be the major region in the global concrete cooling market and is anticipated to register robust growth during 2019–2025. The high temperature in the Middle East region, along with new infrastructure plans being commenced by the regional nations, has led to the surged consumption of concrete cooling systems across the region. The aspects inhibiting the expansion of the global market are unbalanced economic & market conditions and lesser business prospects in colder regions, like Europe and parts of North America.
The global concrete cooling market is segmented as follows:
By type:
Ice Cooling
Water Cooling
Air Cooling
Liquid Nitrogen Cooling
By application:
Dams
Highway Construction
Port
Nuclear Reactors
Others
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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