Chilled Water Storage System Market: Increasing Demand for Sustainable Cooling Solutions from Commercial and Industrial Sectors from 2022 to 2032

The global chilled water storage system market is anticipated to be valued at US$ 155.0 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 302.2 Million from 2022 to 2032. Growth is attributed to increasing demand in end-user industries such as petrochemical, oil & gas, pharmaceutical, and food & beverages. From 2016-2021 a CAGR of 2.7% was registered for the biscuit mixes market.

The chilled water storage system is a type of TES (Thermal Energy Storage), which is a popular technique for implementing demand-side energy management strategies. It is used to store water at temperatures ranging from 4.40 to 5.60 degrees Celsius using conventional chillers.

Chilled water storage systems are available in sizes ranging from one to several hundred tonnes. They are also used in residential, commercial, and industrial construction. They are also intended for commercial projects larger than 500,000 square feet that have space for a chilled water storage system. They are classified into three types based on water storage and mixing: multiple tank systems, single tank systems, and single tank systems.

Request A PDF Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4250

The chilled water storage system market is being driven by rising demand in a variety of end-use industries, including petrochemical, oil and gas, pharmaceutical, and food and beverages. Other factors driving growth in the chilled water storage system market include the installation of new cooling systems in industries, increased demand from power generation plants, and rising demand for low-cost, energy-efficient products.

Furthermore, the chilled water storage system market is expected to benefit from an increased focus on green buildings and the renovation of old-constructed buildings to green buildings.

Also, some factors such as significant demand for free cooling, storage cooling solutions, growing use of efficient air cooling systems, etc. can be considered trends in the industry. Power generation, automotive manufacturing, petrochemical processing, and similar sectors are influencing the market demand for chilled water storage systems, owing to the growing awareness of new techniques among end-users.

Market Competition

Some of the key participants present in the global chilled water storage system market 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.

Customization Before Buying, Visit @
https://www.futuremarketinsights.com/customization-available/rep-gb-4250

Key Segments Profiled in the Chilled Water Storage System Industry Survey

Chilled Water Storage System Market by Type:

  • Stratified Tank Chilled Water Storage Systems
  • Multiple Tank Chilled Water Storage Systems
  • Diaphragm Tank Chilled Water Storage Systems

Chilled Water Storage System Market by Application:

  • Chilled Water Storage System for Food Processing & Storage
  • Chilled Water Storage System for Industrial, Commercial and Residential Applications
  • Chilled Water Storage System for Healthcare & Pharmaceuticals
  • Chilled Water Storage System for Petrochemical Processing
  • Chilled Water Storage System for Petroleum & Natural Gas Refining
  • Chilled Water Storage System for Power Generation and Automotive

Chilled Water Storage System Market by Region:

  • North America Chilled Water Storage System Market
  • Latin America Chilled Water Storage System Market
  • Europe Chilled Water Storage System Market
  • Asia Pacific Chilled Water Storage System Market
  • Middle East and Africa Chilled Water Storage System Market

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiriessales@futuremarketinsights.com
Websitehttps://www.futuremarketinsights.com

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these