What is Cooling Coils Market?
Cooling coils are also referred to as evaporator coils. It is a device which intended to allow the contents of the coil to cool as they move through it. This is used in materials processing to control the temperature of various components. It can be available in multiple diameter and different types of materials. This cooling coil used in various applications for cooling the warmer weather by circulating very cold refrigerant that extracts heat from passing airflow. The increasing need of cooling coil for high quality performance in end-use application will expected to grow the market in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Titan Metal Fabricators, Inc. (United States), EXHAUSTO A/S (Denmark), Johnson Controls (Ireland), Turnbull Specialties, Ltd. (United States), Specialty Coils (United States), Colmac Coil Manufacturing Inc. (United States), FRITERM (Turkey), Finpower Aircon (United Arab Emirates), Enviro Tech Industrial Products (India) and MultiTherm Coils (United States) |
The market study is being classified by Type (Water Coils, Refrigerant Coils and Steam Coils), by Application (Air Handling Unit and Fan Cooling Unit) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cooling Coils market throughout the forecasted period.
Titan Metal Fabricators, Inc. (United States), EXHAUSTO A/S (Denmark), Johnson Controls (Ireland), Turnbull Specialties, Ltd. (United States), Specialty Coils (United States), Colmac Coil Manufacturing Inc. (United States), FRITERM (Turkey), Finpower Aircon (United Arab Emirates), Enviro Tech Industrial Products (India) and MultiTherm Coils (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Frigosystem Corema (United States), Changzhou Vrcoolertech Refrigeration Co., Ltd. (China) and SPC - HVAC (United Kingdom). Segment Analysis
Analyst at AMA Research have segmented the market study of Global Cooling Coils market by Type, Application and Region.
On the basis of geography, the market of Cooling Coils has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand of Cooling Coils from Food & Beverage, Chemical and Power Generation Industry
- Increasing Use of Cooling Coils in Commercial Air Conditioning Systems
Market Trend
- Increasing Trend of Cooling Coils in Industrial Equipments for a Comfortable Indoor Temperature Control
- Wide Range of Cooling Coils that Promotes Cool Air and used with Air Handling Units and Fan Coil Units
Restraints
- Cooling Coils are blocked by Derbis or Ice and Frost which can be Reduces Air Conditioning System Output
Opportunities
- Rising Cooling Process of Food Products and Drinks in Food & Beverage Industry will grow for Cooling Coil Market
- Growing Adoption of Air Conditioning Systems, Refrigerators in Residential & Commercial Sector
Challenges
- High Maintenance of the Cooling Coils
In January 2020 AQUIS, a company specializes in the comprehensive refurbishment of aging mechanical air handling units, launched the new cooling coil for restoration process which utilizes a unique probiotic technology to clean coils at a microscopic level.
Key Target Audience
Cooling Coils Manufacturers, Raw Material Suppliers, Cooling Coils Distributors and Suppliers, HVAC Companies, End-Users and Others