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BCC Research report showcases the worldwide market expansion of industrial cooling technologies.
According to a new report from the BCC Research, the global market for industrial cooling technologies was worth USD 7.4 billion in 2013 and nearly USD 7.9 billion in 2014.
The market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2014 and 2019 resulting in USD 11 billion total in 2019.
Markets for industrial cooling technologies in mature economies have increased from nearly USD 3.9 billion in 2013 to more than USD 4 billion in 2014. These markets will continue to grow at a moderate pace, surpassing USD 5 billion in 2019, for a five-year CAGR of 4.6% from 2014 through 2019.
The market for industrial cooling technologies in developing and transition economies increased from nearly USD 3.6 billion in 2013 to USD 3.8 billion in 2014. These economies will show sharp gains through 2019, with total markets expanding to more than USD 6.0 billion by 2019, for a CAGR of 9.3% from 2014 through 2019.
Source: ReportLinker
The market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2014 and 2019 resulting in USD 11 billion total in 2019.
Markets for industrial cooling technologies in mature economies have increased from nearly USD 3.9 billion in 2013 to more than USD 4 billion in 2014. These markets will continue to grow at a moderate pace, surpassing USD 5 billion in 2019, for a five-year CAGR of 4.6% from 2014 through 2019.
The market for industrial cooling technologies in developing and transition economies increased from nearly USD 3.6 billion in 2013 to USD 3.8 billion in 2014. These economies will show sharp gains through 2019, with total markets expanding to more than USD 6.0 billion by 2019, for a CAGR of 9.3% from 2014 through 2019.
Source: ReportLinker