Concrete Cooling is heavily required for mass production of concrete to keep away the cracks in construction
Concrete Cooling global market size which was around USD 1.2 billion in 2018 is expected to grow at a CAGR of 6.21% to reach USD 1.62 billion by 2023. The market is mainly booming from the expansion of the construction and building industries. Since the construction is the need of the hour across all developing nations, the demand for concrete cooling systems is going to remain higher. Additionally, the growing requirement for cooling concrete structures from areas of higher temperatures is also benefitting the said market globally.
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Report Segmented as:
On the basis of type:
- Water cooling
- Ice cooling
- Air cooling
- Liquid nitrogen cooling
On the basis of application:
- Highway construction
- Port dams
- Nuclear reactors
On the basis of geography, the global market for Concrete Cooling is divided into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. The Middle East, thanks to its extremely hot and humid climatic conditions and advanced infrastructure, has managed to dominate the market accounting for the highest individual share and is expected to witness even stronger growth during the forecasted period. On the other hand, the factors that are hindering the growth of the global concrete cooling market are an unstable market, poor economic conditions and fewer business opportunities in colder regions, such as Europe and North America.
KEY MARKET PLAYERS:
- Ice Systems (Netherlands)
- Icelings (India)
- Fujian Snowman Co., Ltd. (China)
- LINTEC Germany GmbH (Germany)
- Focusun Refrigeration Corporation (China)
- ConCool LLC (U.S.)
- North Star Ice Equipment Corporation (U.S.)
- Coldcrete Inc. (U.S.)
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THE SCOPE OF THE REPORT:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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