Industrial Cooling Systems Market

Industrial Cooling Systems Market Outlook

The industrial cooling systems market is projected to have a significant CAGR of 6.1% by 2033. According to FMI, the market is expected to expand from USD 20.98 billion in 2023 to USD 37.92 billion by 2033. Historically, the market showed significant growth with a CAGR of 5.5% during 2018-2022.

As energy-efficient cooling systems grow more popular and as technology progresses, there is likely to be a greater need for industrial cooling systems. The market growth is aligned with the expansion of multiple industries.

The industrial sector has also experienced remarkable growth, which has been very advantageous for the lubricants business and helped the market as a whole. The industrial cooling systems market adoption trends are anticipated to continue rising sharply.

Moreover, industrial cooling systems are experiencing a surge in demand across all major developing nations as a result of growth in the industrial manufacturing sector. Chemical processes need these systems to maintain the necessary temperature.

Strict environmental regulations, rising investments in the chemical industry, and rising demand for energy-efficient systems provide a fresh outlook to the industrial cooling system market. Also, facilities using nuclear and thermal energy are observing an increase in demand for industrial cooling systems.

Additionally, macroeconomic factors including increasing urbanization and industrial activity, as well as developments in HVAC technology, are helping to drive up sales of industrial cooling systems.

Regions are Ready to shift their Focus on Energy Conservation

• The USA industrial cooling systems market is expected to grow at a rate of over 9% through 2027, mostly due to more stringent government rules and regulations about energy conservation.
• The thermal performance of the manufacturers must be accredited by the Cooling Tower Institute (CTI) in the US and EUROVENT in Europe for operational efficiency and energy savings.
• With a 35% revenue share in 2020, the Asia Pacific industrial cooling system market was primarily driven by the expanding automotive industries in China, India, Japan, and South Korea.
• The vehicle industry saw a decrease as a result of the COVID-19 pandemic, but it is projected that it would recover by the end of 2021. The auto industry is using cutting-edge cooling technologies to offer a more efficient and productive production process.
• Global demand for industrial cooling systems has grown as a result of factors including the expansion of the pharmaceutical industry. An increase in cold storage facilities in emerging countries, and a rise in the usage of energy and eco-friendly refrigerants, increased the overall revenue in the industry.

Attributes	Details
Industrial Cooling Systems Market CAGR (2023 to 2033)	6.1%
Industrial Cooling Systems Market Size (2023)	USD 20.98 billion
Industrial Cooling Systems Market Size (2033)	USD 37.92 billion

Current Initiatives Outpace Historically Expanding Factors in the Industrial Cooling Systems Market

Manufacturers recognized a lot of potential in the market as a result of an increase in demand for industrial cooling systems from numerous industries, including the food and beverage, chemical, and pharmaceutical sectors.

The market for industrial cooling systems increased from USD 15.66 billion in 2018 to USD 19.77 billion in 2022, with a CAGR of 5.5% between 2018 and 2021.

A major factor propelling the market expansion includes the rising adoption of industrial cooling systems in the power and energy sectors, the increased emphasis on the use of green technologies, and the adoption of Industrial Internet of Things (IIoT) solutions.

Short Term (2023 to 2026): The vehicle industry is concentrating on replacing outdated cooling systems through various imaginative and technical advancements, as well as ongoing cooling system enhancements.

Medium Term (2026 to 2029):The petrochemical processing industry is anticipated to expand gradually during the projection period as a result of the rise in fuel oil consumption for large commercial vehicles.

Long term (2029 to 2033): It is projected that as industrial users become more aware of the benefits of temperature control systems, demand for industrial cooling systems is likely to rise.

During the forecast period, the global industrial cooling system market is anticipated to grow from USD 20.98 billion in 2023 to USD 37.92 billion by 2033, with a CAGR of 6.1%.

What are the Opportunities Present in the Industrial Cooling Systems Market?

• The major market participants frequently spend in the development of cutting-edge cooling systems. For instance, in March 2021, Baltimore Aircoil Company (BAC) unveiled the HXV hybrid cooler.
  • This cooler uses less energy and water, while providing both dry and evaporative cooling.
  • The HXV is designed to be used in a range of applications, including data centers, manufacturing companies, and HVAC systems.
  • The industrial cooling system market share is expected to see new ranks as more businesses use high-performance systems.
• Improvements in industrial cooling systems, expanding government policies for sustainable systems, and significant investments in R&D activities that further improve applications would all benefit market participants between 2023 and 2033.
• Sales of industrial cooling systems are anticipated to increase in the future as a result of stringent environmental laws and growing customer awareness.

What are the Milestones in the Industrial Cooling Systems Market?

The demand for industrial cooling systems faces significant challenges, since industrial cooling systems are pricey and have high installation and maintenance costs. The greater operating expenses caused by improper infrastructure for industrial cooling system installation and operation.

Moreover, due to their high CO2 emissions, industrial cooling systems have a substantial negative influence on the environment. Industrial cooling systems' limited technological capabilities make it difficult for the market share to advance.

Category Analysis

However, the air-cooling category is predicted to develop at the highest CAGR of 6.50% over the forecast period due to rising government efforts in emerging nations like India and an increase in demand for industrial air-cooling systems.

Why is Transport Cooling the Next Best Obsession in the Industrial Cooling Systems Market?

The transport cooling segment is anticipated to experience the highest CAGR of 5.9% over the projection period, due to the expansion of the food processing industry and the requirement for strict temperature control when transporting pharmaceutical and biopharmaceutical items.

In 2021, more than 2/3rd of the market share for industrial cooling systems was accounted for by the stationary cooling segment, which continued to hold the majority of the market. To create a productive manufacturing system and take advantage of the cost and efficiency benefits, the automotive industry uses top-notch cooling equipment.

Moreover, the development of several innovative and technological innovations, along with ongoing cooling system improvements, is being encouraged to replace the outdated cooling systems in the automotive industry.

Regional Analysis

How North America Market Players Expected to Earn Higher Profits?

US market players are significantly contributing to the demand for industrial cooling systems, with a CAGR of 5.9% during the forecast period.

During the projection period, it is predicted that the North American market for industrial cooling systems is likely to grow at a CAGR of more than 6%. The opportunities in the industrial cooling systems industry are expanding in North America as a result of rising processed food and beverage demand, as well as the existence of numerous important manufacturing sectors.

Additionally, growing demand from the commercial and residential sectors promotes long-lasting industrial cooling systems market trends.

Why is the Asia Pacific Market the Most Successful in the Industry?

China Outlook

China currently has one of the world's fastest expanding markets for industrial cooling systems. From 2023 to 2033, this market is anticipated to expand at a CAGR of 8.5%.

In order to encourage the use of energy-efficient technology, the Chinese government has developed a number of programs.

One of these programs is the "Energy Efficiency Network," which provides incentives and subsidies to companies that purchase energy-efficient cooling systems.

Korea Outlook

In Korea, the market for industrial cooling systems is anticipated to grow at a 6.1% CAGR from 2023 to 2033. The market is propelled by rising adoption of sophisticated cooling solutions, and rising cooling system demand from the food and beverage and data center sectors.

In addition, the government's increasing investments in renewable energy sources and the growing usage of IoT-enabled cooling systems are anticipated to assist the expansion of the industrial cooling system market in Korea by 2033.

Japan Outlook

The market in Japan was projected to be worth 406.5 billion in 2020, per the FMI industrial cooling systems market report. By 2024, this amount is anticipated to rise to 444.7 billion, indicating a 2.1% CAGR.

Additionally, Japan's industrial cooling system market was the second-largest in Asia Pacific in terms of market size, after China. In 2020, it represented 18.5% of the overall market. The major key players in the Japanese market include Mitsubishi Heavy Industries, Air Water, Daikin Industries, Epson, and Mitsubishi Electric.

Why is the UK Industrial Cooling Systems Market Popular Everywhere?

In the UK, the adoption of industrial cooling systems is rising quickly. In 2020, its value was USD 2.7 billion. The UK anticipated to expand at a CAGR of 5.7% during the projected period, and expected to be worth USD 5.55 billion by 2033.

The UK market for industrial cooling systems is anticipated to benefit from the government's efforts to reduce carbon emissions and promote the use of renewable energy sources.

Competitive Strategies By Established Players Clearing a Path for New Businesses to Enter Into the Market

The market for industrial cooling systems is fiercely competitive, with many well-known companies contending for market dominance. To obtain a competitive advantage in the market, these businesses are putting their efforts into creating cutting-edge, energy-efficient products.

Additionally, the industry is seeing the entry of numerous new players, including Enertech Industries, LLC and Cooling Systems, Inc., who are providing their clients with specialized and tailored cooling solutions.

To expand their product offerings, these businesses are investing in R&D to create new products and technology. In order to increase their market penetration, firms are also concentrating on strategic alliances and collaborations.

The participants engage in joint ventures, mergers, and other strategic alliances to increase their market share and diversify their clientele. To differentiate their products and keep customers loyal, businesses often concentrate on enhancing their post-sale services, such as customer support and maintenance services.

Recent Competitive Strategies

• In April 2018, Johnsons Controls announced the opening of a research, development, and testing facility in the US. The expanded facilities enable the company to offer cutting-edge and superior products to the HVAC market. Additionally, companies offer a range of product categories in numerous industries.
• The Marley BasinGard filters for cooling towers were introduced on September 1st, 2000 by SPX Cooling Technologies. The BasinGard filter preserves the hot water reservoir's flow inside the cooling tower by removing dirt, fibers, and pipe rust.

Key players

• SPX Corporation
• Star Cooling Towers Pvt. Ltd.
• Hamon Group
• Baltimore Aircoil Company Inc.
• Johnson Controls Inc.
• Black Box Corporation Emerson Electric Co.
• Airedale International Air Conditioning Ltd.
• American Power Conversion Corporation (APC)
• SPIG S.P.A.
• Paharpur Cooling Towers Limited
• EVAPCO Inc.
• Rittal GmbH & Co. KG
• ENEXIO
• Bell Cooling Towers and Mesan Group
• Brentwood Industries, Inc.

Table of Content

• 1. Executive Summary | Industrial Cooling Systems Market
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
• 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
  • 5.1. Air Cooling
  • 5.2. Evaporative Cooling
  • 5.3. Water Cooling
  • 5.4. Hybrid Cooling
• 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Function
  • 6.1. Stationary Cooling
  • 6.2. Transport Cooling
• 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-user Industry
  • 7.1. Food & Beverage
  • 7.2. Chemical
  • 7.3. Pharmaceuticals
  • 7.4. Utility & Power
  • 7.5. Oil & Gas
  • 7.6. Others
• 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Europe
  • 8.4. Asia Pacific
  • 8.5. Middle East and Africa (MEA)
• 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 14. Key Countries Market Analysis
• 15. Market Structure Analysis
• 16. Competition Analysis
  • 16.1. Airedale International Air Conditioning
  • 16.2. Baltimore Aircoil Company
  • 16.3. Brentwood Industries, Inc.
  • 16.4. Emerson Electric Co.
  • 16.5. GEA Group Aktiengesellschaft
  • 16.6. Hamon Group
  • 16.7. Johnson Controls International Plc
  • 16.8. Schneider Electric SE
  • 16.9. SPX Corporation
  • 16.10. Star Cooling Tower Pvt Ltd
• 17. Assumptions & Acronyms Used
• 18. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032

Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032

Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 4: Global Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 5: Global Market Value (US$ Million) Forecast by Function, 2017 to 2032

Table 6: Global Market Volume (Units) Forecast by Function, 2017 to 2032

Table 7: Global Market Value (US$ Million) Forecast by End-user Industry, 2017 to 2032

Table 8: Global Market Volume (Units) Forecast by End-user Industry, 2017 to 2032

Table 9: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 10: North America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 11: North America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 12: North America Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 13: North America Market Value (US$ Million) Forecast by Function, 2017 to 2032

Table 14: North America Market Volume (Units) Forecast by Function, 2017 to 2032

Table 15: North America Market Value (US$ Million) Forecast by End-user Industry, 2017 to 2032

Table 16: North America Market Volume (Units) Forecast by End-user Industry, 2017 to 2032

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 18: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 19: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 20: Latin America Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 21: Latin America Market Value (US$ Million) Forecast by Function, 2017 to 2032

Table 22: Latin America Market Volume (Units) Forecast by Function, 2017 to 2032

Table 23: Latin America Market Value (US$ Million) Forecast by End-user Industry, 2017 to 2032

Table 24: Latin America Market Volume (Units) Forecast by End-user Industry, 2017 to 2032

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 26: Europe Market Volume (Units) Forecast by Country, 2017 to 2032

Table 27: Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 28: Europe Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 29: Europe Market Value (US$ Million) Forecast by Function, 2017 to 2032

Table 30: Europe Market Volume (Units) Forecast by Function, 2017 to 2032

Table 31: Europe Market Value (US$ Million) Forecast by End-user Industry, 2017 to 2032

Table 32: Europe Market Volume (Units) Forecast by End-user Industry, 2017 to 2032

Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032

Table 35: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 36: Asia Pacific Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 37: Asia Pacific Market Value (US$ Million) Forecast by Function, 2017 to 2032

Table 38: Asia Pacific Market Volume (Units) Forecast by Function, 2017 to 2032

Table 39: Asia Pacific Market Value (US$ Million) Forecast by End-user Industry, 2017 to 2032

Table 40: Asia Pacific Market Volume (Units) Forecast by End-user Industry, 2017 to 2032

Table 41: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 42: MEA Market Volume (Units) Forecast by Country, 2017 to 2032

Table 43: MEA Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 44: MEA Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 45: MEA Market Value (US$ Million) Forecast by Function, 2017 to 2032

Table 46: MEA Market Volume (Units) Forecast by Function, 2017 to 2032

Table 47: MEA Market Value (US$ Million) Forecast by End-user Industry, 2017 to 2032

Table 48: MEA Market Volume (Units) Forecast by End-user Industry, 2017 to 2032

List of Figures

Figure 1: Global Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 2: Global Market Value (US$ Million) by Function, 2022 to 2032

Figure 3: Global Market Value (US$ Million) by End-user Industry, 2022 to 2032

Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 6: Global Market Volume (Units) Analysis by Region, 2017 to 2032

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 10: Global Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 13: Global Market Value (US$ Million) Analysis by Function, 2017 to 2032

Figure 14: Global Market Volume (Units) Analysis by Function, 2017 to 2032

Figure 15: Global Market Value Share (%) and BPS Analysis by Function, 2022 to 2032

Figure 16: Global Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032

Figure 17: Global Market Value (US$ Million) Analysis by End-user Industry, 2017 to 2032

Figure 18: Global Market Volume (Units) Analysis by End-user Industry, 2017 to 2032

Figure 19: Global Market Value Share (%) and BPS Analysis by End-user Industry, 2022 to 2032

Figure 20: Global Market Y-o-Y Growth (%) Projections by End-user Industry, 2022 to 2032

Figure 21: Global Market Attractiveness by Product Type, 2022 to 2032

Figure 22: Global Market Attractiveness by Function, 2022 to 2032

Figure 23: Global Market Attractiveness by End-user Industry, 2022 to 2032

Figure 24: Global Market Attractiveness by Region, 2022 to 2032

Figure 25: North America Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 26: North America Market Value (US$ Million) by Function, 2022 to 2032

Figure 27: North America Market Value (US$ Million) by End-user Industry, 2022 to 2032

Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 30: North America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 33: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 34: North America Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 37: North America Market Value (US$ Million) Analysis by Function, 2017 to 2032

Figure 38: North America Market Volume (Units) Analysis by Function, 2017 to 2032

Figure 39: North America Market Value Share (%) and BPS Analysis by Function, 2022 to 2032

Figure 40: North America Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032

Figure 41: North America Market Value (US$ Million) Analysis by End-user Industry, 2017 to 2032

Figure 42: North America Market Volume (Units) Analysis by End-user Industry, 2017 to 2032

Figure 43: North America Market Value Share (%) and BPS Analysis by End-user Industry, 2022 to 2032

Figure 44: North America Market Y-o-Y Growth (%) Projections by End-user Industry, 2022 to 2032

Figure 45: North America Market Attractiveness by Product Type, 2022 to 2032

Figure 46: North America Market Attractiveness by Function, 2022 to 2032

Figure 47: North America Market Attractiveness by End-user Industry, 2022 to 2032

Figure 48: North America Market Attractiveness by Country, 2022 to 2032

Figure 49: Latin America Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 50: Latin America Market Value (US$ Million) by Function, 2022 to 2032

Figure 51: Latin America Market Value (US$ Million) by End-user Industry, 2022 to 2032

Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 57: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 58: Latin America Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 61: Latin America Market Value (US$ Million) Analysis by Function, 2017 to 2032

Figure 62: Latin America Market Volume (Units) Analysis by Function, 2017 to 2032

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Function, 2022 to 2032

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032

Figure 65: Latin America Market Value (US$ Million) Analysis by End-user Industry, 2017 to 2032

Figure 66: Latin America Market Volume (Units) Analysis by End-user Industry, 2017 to 2032

Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-user Industry, 2022 to 2032

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-user Industry, 2022 to 2032

Figure 69: Latin America Market Attractiveness by Product Type, 2022 to 2032

Figure 70: Latin America Market Attractiveness by Function, 2022 to 2032

Figure 71: Latin America Market Attractiveness by End-user Industry, 2022 to 2032

Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 73: Europe Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 74: Europe Market Value (US$ Million) by Function, 2022 to 2032

Figure 75: Europe Market Value (US$ Million) by End-user Industry, 2022 to 2032

Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032

Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 78: Europe Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 81: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 82: Europe Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 83: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 85: Europe Market Value (US$ Million) Analysis by Function, 2017 to 2032

Figure 86: Europe Market Volume (Units) Analysis by Function, 2017 to 2032

Figure 87: Europe Market Value Share (%) and BPS Analysis by Function, 2022 to 2032

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032

Figure 89: Europe Market Value (US$ Million) Analysis by End-user Industry, 2017 to 2032

Figure 90: Europe Market Volume (Units) Analysis by End-user Industry, 2017 to 2032

Figure 91: Europe Market Value Share (%) and BPS Analysis by End-user Industry, 2022 to 2032

Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-user Industry, 2022 to 2032

Figure 93: Europe Market Attractiveness by Product Type, 2022 to 2032

Figure 94: Europe Market Attractiveness by Function, 2022 to 2032

Figure 95: Europe Market Attractiveness by End-user Industry, 2022 to 2032

Figure 96: Europe Market Attractiveness by Country, 2022 to 2032

Figure 97: Asia Pacific Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 98: Asia Pacific Market Value (US$ Million) by Function, 2022 to 2032

Figure 99: Asia Pacific Market Value (US$ Million) by End-user Industry, 2022 to 2032

Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032

Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 106: Asia Pacific Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Function, 2017 to 2032

Figure 110: Asia Pacific Market Volume (Units) Analysis by Function, 2017 to 2032

Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Function, 2022 to 2032

Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032

Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End-user Industry, 2017 to 2032

Figure 114: Asia Pacific Market Volume (Units) Analysis by End-user Industry, 2017 to 2032

Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End-user Industry, 2022 to 2032

Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End-user Industry, 2022 to 2032

Figure 117: Asia Pacific Market Attractiveness by Product Type, 2022 to 2032

Figure 118: Asia Pacific Market Attractiveness by Function, 2022 to 2032

Figure 119: Asia Pacific Market Attractiveness by End-user Industry, 2022 to 2032

Figure 120: Asia Pacific Market Attractiveness by Country, 2022 to 2032

Figure 121: MEA Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 122: MEA Market Value (US$ Million) by Function, 2022 to 2032

Figure 123: MEA Market Value (US$ Million) by End-user Industry, 2022 to 2032

Figure 124: MEA Market Value (US$ Million) by Country, 2022 to 2032

Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 126: MEA Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 129: MEA Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 130: MEA Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 131: MEA Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 132: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 133: MEA Market Value (US$ Million) Analysis by Function, 2017 to 2032

Figure 134: MEA Market Volume (Units) Analysis by Function, 2017 to 2032

Figure 135: MEA Market Value Share (%) and BPS Analysis by Function, 2022 to 2032

Figure 136: MEA Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032

Figure 137: MEA Market Value (US$ Million) Analysis by End-user Industry, 2017 to 2032

Figure 138: MEA Market Volume (Units) Analysis by End-user Industry, 2017 to 2032

Figure 139: MEA Market Value Share (%) and BPS Analysis by End-user Industry, 2022 to 2032

Figure 140: MEA Market Y-o-Y Growth (%) Projections by End-user Industry, 2022 to 2032

Figure 141: MEA Market Attractiveness by Product Type, 2022 to 2032

Figure 142: MEA Market Attractiveness by Function, 2022 to 2032

Figure 143: MEA Market Attractiveness by End-user Industry, 2022 to 2032

Figure 144: MEA Market Attractiveness by Country, 2022 to 2032