Chilled Water Storage System Market

The design of stratified tank or nozzle matrix method uses diffusers or nozzles, which are located either at the bottom or at the top of the tank. The nozzles or diffusers will help in filling or diffusing the chilled and warm water during operation. Also, they are designed to deliver a sharp and stable transition layer, which allows the natural stratification of water. The multiple tank systems are designed to keep the warm water and chilled water apart, it has one empty tank to receive or dispense water. And, in diaphragm systems, with the help of vertically and horizontally moving diaphragm, chilled water gets separated in a tank, with the changing volume of chilled water.

Chilled Water Storage System Market:Market Dynamics

Some factors such as growing necessity of maintaining heat density at many places such as oil and gas refineries, petroleum refineries and automotive manufacturing industries are the key driving factors of the chilled water storage system industry. Additionally, new cooling systems in industries, growing demand from power generation plants, increasing demand for cost and energy effective products, etc. are the drivers for the industry.

On the other hand, high cost of electricity supply that is used by cooling systems at industries is the major restraint to the chilled water storage system market. Some factors such as significant demand for free cooling, storage cooling solutions, growing use of efficient air cooling systems, etc. can be considered as the trends in the industry. Furthermore, increasing focus on green buildings and renovation of old constructed buildings to green buildings are expected to be the emerging opportunities for the chilled water storage system market.

Chilled Water Storage System Market: Regional Outlook

In terms of value and volume, Asia Pacific and Europe are the major market share holders of chilled water storage system industry as compared to other regions. The Middle East and Africa region follows the aforementioned region in terms of market share. Moreover, countries such as India, China and Brazil are estimated to be the foremost consumers of chilled water storage system, followed by some developed countries such as Japan and Spain.

Power generation, automotive manufacturing, petrochemical processing and similar sectors are influencing the market demand for chilled water storage system, owing to the growing awareness of new techniques among end users. The aforementioned factor is predominantly affecting the market in countries such as Italy, China, India and Germany. And, growing sectors such as pharmaceuticals, petroleum refineries and natural gas refineries are estimated to enhance the market shares of China and India, which will boost the market for chilled water storage system industry.

Chilled Water Storage System Market: Market Participants

Examples of some of the market participants in the chilled water storage system market, identified across the value chain, include, Wessels Company, Cool Water Technologies, Cooling Tower Systems, Inc., Delta Cooling Towers, Inc., Johnson Controls., Brentwood Industries, Inc., Paharpur Cooling Towers Limited, Berg Chilling Systems Inc., Liang Cooling Tower Sdn Bhd and King Sun Industry Co. Ltd. & Horus Air Moving Co. Ltd. among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
• Eastern Europe (Russia, Poland)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.