Albany, NY -- (SBWIRE) -- 02/17/2017 -- Already a multi-million dollar industry, the global concrete cooling market is forecast to showcase strong growth between 2016 and 2024. The exponentially rising demand from the Middle East and other emerging nations is the chief driver of the market. Concrete cooling is a technology used to lower the temperature of poured concrete thus helping it retain its characteristic properties and strength. Hence, in nations witnessing tropical temperature during a major part of the year and which exhibit a high investment in construction activities, the demand for concrete ceiling will remain the highest.
The report presents a comprehensive overview of the global concrete cooling market, covering the growth drivers and restraints, impact of government policies, and investment feasibility for new entrants. Besides this, report contains exhaustive information presenting assessment of opportunities, threat from substitute, and degree of competition prevailing in the market. Relevant data obtained from trusted industrial sources is also included in the report.
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Global Concrete Cooling Market: Trends and Opportunities
The global concrete cooling market is mainly gaining from the expansion of the construction and building industry. Since construction is at its peak across developing nations, the demand for concrete cooling systems will comparatively remain higher in these countries. Despite positive growth witnessed across developed nations, the stagnation of the construction industry had an adverse impact on the market's trajectory. While growth trends are likely to remain positive through the forecast period, the pace will however decline.
In the Middle Eastern countries, the demand for water cooling systems has increased across diverse segments. This also creates significant opportunities for the concrete cooling market, as water cooling is a key technology it offers. In other emerging nations, the demand for concrete cooling is expected to be high as they focus on highway construction. Therefore, higher investment in the infrastructural development across emerging nations will give significant impetus to the global concrete cooling market.
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Global Concrete Cooling Market: Regional Outlook
The Middle East in several aspects will prove the most lucrative for enterprises in the concrete cooling market. The robust infrastructural growth witnessed in the last few years, and favorable stand maintained by the governments to encourage the building and construction industry, will immensely fuel the demand for concrete cooling systems in the region. Furthermore, these systems will be in high demand in the region primarily due to its hot climate. Spurred by these factors, companies operating in the Middle East concrete cooling market is expected to witness accelerated pace of gains.
Besides this, Asia Pacific will provide attractive opportunities for the market. Infrastructural growth and rapid expansion of the building and construction industry in India and China will give impetus to concrete cooling market in the region.
Global Concrete Cooling Market: Vendor Landscape
TI-Plersch Kältetechnik GmbH, Fujian Snowman Co., Ltd., Coldcrete Inc., Kirloskar Pneumatic Company Limited, LINTEC Germany GmbH, Recom Ice Systems, Icelings, and ConCool LLC are among the key players in the global concrete cooling market. Studying their key marketing strategies and the latest business policies could provide insight into the prevailing competitive trends. Hence the report includes detailed profiles of some of the leading companies operating in the global concrete cooling market.
Using SWOT analysis, it gauges their strengths and weaknesses. The analysis is also intended to identify the impending threats and potential opportunities that players could gain from in the coming years.