Temperature Control Unit Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028

Published on : Apr-2019 | List of Tables : 60 | List of Figures : 102 | No. of Pages : 170 | Report Code : FACT3424MR | Format :

Temperature Control Unit Market – Key Insights

  • The temperature control unit market which registered a CAGR of 5% during the 2013-2017 period. The constant and sudden fluctuations in global temperatures in the last decade forced companies across industries to become heavily reliant on artificial devices for maintaining an optimal temperature vital to their production and manufacturing throughput and was one of the key factors driving the growth of the temperature control unit market.
  • As a consequence of the intensifying competition across industries, the temperature control unit industry players were seen increasingly investing in enhancing the quality of their products. Revenues from the temperature control unit market surpassed US$ 1.5 billion in 2018, and are estimated to register a Y-o-Y growth of more than 5.0% in 2019.
  • East Asia is expected to hold the bulk of the temperature control unit market share, with China estimated to remain at the forefront owing to the presence of an overwhelming manufacturing industry in the country.
  • South Asia is expected to emerge as the high-growth market for the temperature control unit. The World Economic Forum has estimated the region to witness a robust growth in the foreseeable future, succored by the presence of a vast skilled workforce, healthy economic growth, and the strengthening purchasing power of consumers.
temperature control unit market snapshot

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What are the Key Dynamics Influencing Growth of the Temperature Control Unit Market?

  • Stringent regulatory norms, and elevating emphasis on reducing the adverse impact of industrial processes on the environment have been creating a surge in the demand for temperature control units, in light of their better efficiency with lower energy consumption. Consequentially, key players in the temperature control unit industry are accelerating research efforts into the development of affordable and energy-efficient temperature control units, which effectively fulfill the requirements of various industries.
  • Manufacturers in the temperature control unit are increasingly incorporating the Industrial Internet of Things (IIoT) technology to streamline their operations. Demand for temperature control units which can be controlled remotely is estimated to rise significantly while the use of sensors for effective maintenance of the systems is increasingly gaining traction in the market.
  • Integration of temperature control units with injection blow molding (IBM), a widely used technique in plastic manufacturing, is increasingly becoming popular in the plastic industry with the combination aiding in substantially reducing the rejection rate of finished products improving the throughput of the process while imparting the desired aesthetics to plastic components. Additionally, the development of novel manufacturing techniques in the plastic industry is demanding added control over the temperature of the production environment fuelling the growth of temperature control unit market.
  • Accelerating demand for temperature control units is expected to stem from the surge in the manufacturing of specialty medications with the process requiring optimum temperature for production. In addition, pharmaceutical companies are integrating temperature control technology throughout the supply chain to prevent any changes in the physiochemical properties of the finished products.
  • An exponential increase in energy consumption coupled with deepening energy crisis is likely to bolster widespread adoption of temperature control units in power-generation. According to the International Energy Agency, the global demand for energy increased by 2.3% in 2018 which was the highest in the last decade. With temperature control vital to enhancing the operational efficiency of power plants, companies are likely to invest heavily in the temperature control unit market.
temperature control unit market analysis & forecast by pump capacity

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What are the Vital Challenges that Need to be Addressed by Stakeholders in the Temperature Control Unit Market?

  • Installation of temperature control units in facilities is complex, time-consuming, and expensive. Consequentially, installation of newer units can hamper productivity and may require making significant changes to the existing infrastructure. The factor is expected to stifle temperature control unit market growth with manufacturers working towards developing techniques for seamless integration of these devices.
  • Constantly evolving government regulations in addition to maintaining affordable prices of product offerings is putting manufacturers in the temperature control unit market under immense pressure. Additionally, introduction of alternatives using renewable sources of energy is likely to dampen temperature control unit market growth.

Temperature Control Unit Market – Competitive Landscape

  • With the demand for remotely operable temperature control units on the rise, Thermal Care Inc. launched the Connex 4.0 software platform which will allow users to monitor and control the working of any equipment manufactured by Thermal Care from any device with internet access.
  • Banking on the growing prominence of safety in workplace environments, BOFA International, a leading player in the temperature control unit market, introduced its FIREBOX technology which uses a temperature control system to sense a drastic rise in temperature and prevent the risks of a fire.
  • To capitalize on the burgeoning demand for temperature control units in the plastic industry, Advantage Engineering Inc. collaborated with Novatec to develop the first-of-its-kind dryer equipped with a temperature control unit which is likely to find usage in automobiles where manufacturers require systems to dry high-temperature materials.
  • Leveraging the capabilities of Industry 4.0, Delta T launched a smart temperature control unit with maintenance alter capabilities and one-of-its-kind dew point control which will prevent condensation of liquid from damaging the system.
  • Continuing the trends of innovations in the temperature unit control market, Engel launched the new iQ flow control software which integrates the working of temperature control units with injection molding machines by measuring values using its proprietary water temperature control system flomo.
temperature control unit market strategy benchmark by tier

Other leading players operating in the temperature control unit market include WIKA Instrument, LP, Single Temperiertechnik GmbH, Mokon Systems, Berg Chilling Systems, HB-Therm GmbH, Toshiba Machine Co., Ltd., EUROCHILLER S.r.l, Carel Industries S.p.A, Temptek, Inc., and Carel Industries S.p.A.

Additional Insight:

Burgeoning Plastic Production to Push Demand for Temperature Control Unit with Pump Capacity > 60 GPM

The increasing demand for plastic in packaging, pharmaceuticals, food and beverages, and other industries is prompting manufacturers to accelerate production, while maintaining the quality of the products. Integration of blow molding machines with temperature control units is aiding manufacturers in the production of high-quality components at a faster rate which is, in turn, fueling the demand for portable and compact temperature control units with pump capacity 20GPM or less. Intensifying competition in plastic, food and beverages pharmaceuticals, printing, chemical, energy, engineering, and other industries is prompting companies to substantially amplify production which is a vital reason temperature control units with pump capacity greater than 60 GPM are finding widespread adoption.

Temperature control units with pump capacity between 21 and 30 GPM and 31 to 60 GPM are expected to witness a surge in demand as compact and portable temperature control units gain traction. Innovations in oil type temperature control unit and water type control unit are expected to uphold temperature control unit market proliferation.

Research Scope

temperature control unit market taxonomy

Research Methodology

The report on the temperature control unit market is a consequence of an elaborate and robust research methodology employed during the compilation of the report. A comprehensive two-step research process involving primary and secondary researches was conducted to obtain detailed insights into the temperature control unit market.

Primary research was conducted by interviewing experts from the temperature control unit market while secondary research involved thoroughly studying company press releases, trade journals, paid sources, and other publications related to the temperature control unit market. Results from both the steps were cross-referenced to filter out any erroneous information and create an accurate forecast of the temperature control unit market.

Research Methodology

A recently released report by Fact.MR provides detailed and actionable insights into the temperature control unit market. All the key market factors influencing the temperature control unit market growth have been identified and analyzed in the report. Additionally, the key macro and microeconomic facets impacting the performance of the temperature control unit market have been assessed in the report. Both qualitative and quantitative analysis of each of the identified factors has been included in the report. A detailed opportunity assessment of the temperature control unit market has also been provided. In addition, a comprehensive competitive landscape assessment of the temperature control unit market has been provided towards the end of the report.

Chapter 1 – Executive Summary

The report on the temperature control unit market commences with an executive summary which provides brief yet affluent information of the market. The chapter provides key highlights of the temperature control unit market in terms of value and volume. In addition, the chapter sheds light on the megatrends prevalent in the temperature control unit market along with an overview of the opportunities available in the temperature control unit market. The chapter also features an exclusive viewpoint from seasoned Fact.MR analysts.

Chapter 2 – Global Temperature Control Unit Market Overview

A concrete definition of the temperature control unit market along with a brief introduction of the market forms the beginning of the chapter. The ensuing sections of the chapter provide a detailed taxonomy of the temperature control unit market.

Chapter 3 – Market Dynamics

The chapter identifies the key market dynamics influencing the temperature control unit market growth. In addition, it identifies the key growth drivers along with their respective impact on the temperature control unit market performance. A detailed assessment of the supply chain has also been included in the chapter.

Chapter 4 – Global Temperature Control Unit Market – Price Point Analysis

A comprehensive assessment of the pricing of temperature control units has been provided in the chapter. All the factors influencing the pricing of temperature control units have been identified and analyzed.

Chapter 5 - Global Temperature Control Unit Market Analysis and Forecast, 2013-2028

The chapter provides a detailed historical analysis of the temperature control unit market in addition to an accurate forecast of the temperature control unit market performance on the basis of type, end-user industry, and pump capacity has been provided in the chapter. A market attractiveness analysis for each of the identified segments has been provided in the chapter.

Chapter 6 – North America Temperature Control Unit Market Analysis and Forecast, 2013-2028

The chapter commences with a brief overview of business in North America. In the ensuing sections of the chapter, a detailed historical analysis of the temperature control unit market performance in North America along with a forecast of the temperature control unit market growth in the region.

Chapter 7 – Latin America Temperature Control Unit Market Analysis and Forecast, 2013-2028

A comprehensive assessment of the temperature control unit market prevalent in Latin America has been provided in the chapter. All the factors influencing the temperature control unit market particularly in the region have been identified and analyzed. The chapter also provides a comprehensive historical analysis of the temperature control unit market in the region along with a forecast of the market performance in the region. 

Chapter 8 – Europe Temperature Control Unit Market Analysis and Forecast, 2013-2028

The chapter provides a detailed assessment of the temperature control unit market prevalent in Europe. A comprehensive historical analysis of the temperature control unit market on the basis of system type, end-use industry, pump capacity, and countries is provided in the chapter along with a forecast of the temperature control unit market growth in the region.

Chapter 9 – South Asia Temperature Control Unit Market Analysis and Forecast, 2013-2028

A comprehensive assessment of the temperature control unit market prevalent in South Asia has been provided in the chapter. A brief introduction of the temperature control unit market in South Asia is provided at the start of the chapter while the ensuing sections of the chapter provide a historical analysis of the temperature control unit market performance. Additionally, a forecast of the temperature control unit market performance in the region has also been provided in the chapter.

Chapter 10 – East Asia Temperature Control Unit Market Analysis and Forecast, 2013-2028

The chapter provides a detailed breakdown of the temperature control unit market in East Asia on the basis of system type, end-use industry, capacity type, and countries. Additionally, a historical analysis of the temperature control unit market on the basis of each of the segments has been provided in addition to a forecast of the temperature control unit market.

Chapter 11 – Oceania Temperature Control Unit Market Analysis and Forecast, 2013-2028

A comprehensive analysis of the temperature control unit market prevalent in Oceania has been provided in the chapter. All the factors influencing temperature control unit market performance in the region have been identified and analyzed in the chapter. In addition, a detailed historical analysis of the temperature control market growth and a forecast of the market performance has been provided in the chapter.

Chapter 12 – MEA Temperature Control Unit Market Analysis and Forecast, 2013-2028

The chapter provides a comprehensive analysis of the temperature control unit market existent in MEA. A historical analysis of the temperature control unit market performance in addition to a forecast of the temperature control unit market growth has been provided in the chapter.

Chapter 13 – Competitive Assessment

The chapter provides detailed insights into the competitive landscape of the temperature control unit market. It includes a detailed breakdown of the revenue distribution among the different players operating in the temperature control unit market.

Chapter 14 – Company Profile

All the leading market players operating in the temperature control unit market have been identified in the chapter. Detailed profiling of each of the players sheds light on their product portfolios, market presence, global footprint, strengths, weaknesses, strategies, and notable business developments. The information provided in the chapter can be leveraged by stakeholders and business professionals in the temperature control unit market to streamline their strategies and gain maximum profitability in the market. In addition, companies can use the information to gauge the level of competitiveness and identify entry barriers into the temperature control market.

 

1. Executive Summary
     1.1. Market Summary
     1.2. Analysis Summary
     1.3. Mega Trends in Temperature Control Unit Market
     1.4. Opportunity Assessment
     1.5. Wheel of FortuneTM Opportunity Analysis
     1.6. Fact.MR View Point

2. Global Temperature Control Unit Market Overview
     2.1. Introduction
     2.2. Market Definition
     2.3. Scope of the Report/Taxonomy

3. Market Dynamics
     3.1. Macro - Economic Factors Influencing Demand
     3.2. Key Growth Drivers and Impact Analysis
     3.3. Industry Challenges and Restraints
     3.4. Forecast Factors and Relevance of Impact
     3.5. Supply Chain Analysis

4. Global Temperature Control Unit Market - Price Point Analysis
     4.1. Price Point Assessment by Pump Capacity
 
5. Global Temperature Control Unit Market Analysis and Forecast, 2013 – 2018
     5.1. Global Temperature Control Unit Market Outlook
            5.1.1 Market Value (US$ Mn), Volume (Units) Forecast and Analysis
     5.2. Global Temperature Control Unit Market Analysis by Pump Capacity
            5.2.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            5.2.2 Y-o-Y Growth Comparison by Pump Capacity
            5.2.3 Market Attractiveness Analysis by Pump Capacity
     5.3. Global Temperature Control Unit Market Analysis by System Type
            5.3.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            5.3.2 Y-o-Y Growth Comparison by System Type
            5.3.3 Market Attractiveness Analysis by System Type
     5.4. Global Temperature Control Unit Market Analysis by End Use Industry
            5.4.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            5.4.2 Y-o-Y Growth Comparison by End Use Industry
            5.4.3 Market Attractiveness Analysis by End Use Industry
 
6. North America Temperature Control Unit Market Analysis, 2013 – 2018
     6.1. Introduction
            6.1.1. North America Business Outlook
            6.1.2. North America Temperature Control Unit Market Outlook
     6.2. Country Wise Demand Assessment
            6.2.1 Market Volume and Volume Share by Country
                    6.2.1.1 US
                    6.2.1.2 Canada
     6.3. North America Temperature Control Unit Market Analysis by Pump Capacity
            6.3.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            6.3.2 Y-o-Y Growth Comparison by Pump Capacity
     6.4. North America Temperature Control Unit Market Analysis by System Type
            6.4.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            6.4.2 Y-o-Y Growth Comparison by System Type
     6.5. North America Temperature Control Unit Market Analysis by End Use Industry
            6.5.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            6.5.2 Y-o-Y Growth Comparison by End Use Industry
 
7. Latin America Temperature Control Unit Market Analysis, 2013 – 2017
     7.1. Introduction
            7.1.1. Latin America Business Outlook 
            7.1.2. Latin America Temperature Control Unit Market Outlook
     7.2. Country Wise Demand Assessment
            7.2.1 Market Volume and Volume Share by Country
                     7.2.1.1 Brazil
                     7.2.1.2 Mexico
                     7.2.1.3 Rest of Latin America
     7.3. Latin America Temperature Control Unit Market Analysis by Pump Capacity
            7.3.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            7.3.2 Y-o-Y Growth Comparison by Pump Capacity
     7.4. Latin America Temperature Control Unit Market Analysis by System Type
            7.4.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            7.4.2 Y-o-Y Growth Comparison by System Type
     7.5. Latin America Temperature Control Unit Market Analysis by End Use Industry
            7.5.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            7.5.2 Y-o-Y Growth Comparison by End Use Industry
 
8. Europe Temperature Control Unit Market Analysis, 2013 – 2018
     8.1. Introduction
            8.1.1. Europe Business Outlook 
            8.1.2. Europe Temperature Control Unit Market Outlook
     8.2. Country Wise Demand Assessment
            8.2.1 Market Volume and Volume Share by Country
                    8.2.1.1 Germany
                    8.2.1.2 Italy
                    8.2.1.3 France
                    8.2.1.4 U.K.
                    8.2.1.5 Spain
                    8.2.1.6 BENELUX
                    8.2.1.6 Russia
                    8.2.1.6 Rest of Europe
     8.3. Europe Temperature Control Unit Market Analysis by Pump Capacity
            8.4.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            8.4.2 Y-o-Y Growth Comparison by Pump Capacity
     8.4. Europe Temperature Control Unit Market Analysis by System Type
            8.5.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            8.5.2 Y-o-Y Growth Comparison by System Type
     8.5. Europe Temperature Control Unit Market Analysis by End Use Industry
            8.6.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            8.6.2 Y-o-Y Growth Comparison by End Use Industry
 
9. South Asia Temperature Control Unit Market Analysis, 2013 – 2018
     9.1. Introduction
            9.1.1. South Asia Business Outlook 
            9.1.2. South Asia Temperature Control Unit Market Outlook
     9.2. Country Wise Demand Assessment
            9.2.1 Market Volume and Volume Share by Country
                    9.2.1.1 India
                    9.2.1.2 Thailand
                    9.2.1.3 Indonesia
                    9.2.1.4 Malaysia
                    9.2.1.5 Rest of South Asia
     9.3. South Asia Temperature Control Unit Market Analysis by Pump Capacity
            9.3.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            9.3.2 Y-o-Y Growth Comparison by Pump Capacity
     9.4. South Asia Temperature Control Unit Market Analysis by System Type
            9.4.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            9.4.2 Y-o-Y Growth Comparison by System Type
     9.5. South Asia Temperature Control Unit Market Analysis by End Use Industry
            9.5.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            9.5.2 Y-o-Y Growth Comparison by End Use Industry
 
10. East Asia Temperature Control Unit Market Analysis, 2013 – 2018
     10.1. Introduction
            10.1.1. East Asia Business Outlook 
            10.1.2. East Asia Temperature Control Unit Market Outlook
     10.2. Country Wise Demand Assessment
            10.2.1 Market Volume and Volume Share by Country
                    10.2.1.1 China
                    10.2.1.2 Japan
                    10.2.1.3 South Korea
     10.3. East Asia Temperature Control Unit Market Analysis by Pump Capacity
            10.3.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            10.3.2 Y-o-Y Growth Comparison by Pump Capacity
     10.4. East Asia Temperature Control Unit Market Analysis by System Type
            10.4.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            10.4.2 Y-o-Y Growth Comparison by System Type
     10.5. East Asia Temperature Control Unit Market Analysis by End Use Industry
            10.5.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            10.5.2 Y-o-Y Growth Comparison by End Use Industry
 
11. Oceania Temperature Control Unit Market Analysis, 2013 – 2018
     11.1. Introduction
            11.1.1. Oceania Business Outlook 
            11.1.2. Oceania Temperature Control Unit Market Outlook
     11.2. Country Wise Demand Assessment
            11.2.1 Market Volume and Volume Share by Country
                    11.2.1.1 Australia
                    11.2.1.2 New Zealand
     11.3. Oceania Temperature Control Unit Market Analysis by Pump Capacity
            11.3.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            11.3.2 Y-o-Y Growth Comparison by Pump Capacity
     11.4. Oceania Temperature Control Unit Market Analysis by System Type
            11.4.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            11.4.2 Y-o-Y Growth Comparison by System Type
     11.5. Oceania Temperature Control Unit Market Analysis by End Use Industry
            11.5.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            11.5.2 Y-o-Y Growth Comparison by End Use Industry
 
12. MEA Temperature Control Unit Market Analysis, 2012 – 2018
     12.1. Introduction
            12.1.1. MEA Business Outlook 
            12.1.2. MEA Temperature Control Unit Market Outlook
     12.2. Country Wise Demand Assessment
            12.2.1 Market Volume and Volume Share by Country
                    12.2.1.1 GCC Countries
                    12.2.1.2 Turkey
                    12.2.1.3 North Africa
                    12.2.1.4 South Africa
                    12.2.1.4 Rest of MEA
     12.3. MEA Temperature Control Unit Market Analysis by Pump Capacity
            12.4.1 Value (US$ Mn), Volume (Units) and Forecast by Pump Capacity
            12.4.2 Y-o-Y Growth Comparison by Pump Capacity
     12.4. MEA Temperature Control Unit Market Analysis by System Type
            12.4.1 Value (US$ Mn), Volume (Units) and Forecast by System Type
            12.4.2 Y-o-Y Growth Comparison by System Type
     12.5. MEA Temperature Control Unit Market Analysis by End Use Industry
            12.5.1 Value (US$ Mn), Volume (Units) and Forecast by End Use Industry
            12.5.2 Y-o-Y Growth Comparison by End Use Industry
 
13. Competitive Assessment
     13.1. Global Temperature Control Unit Market- A Dashboard View
     13.2. Global Temperature Control Unit Market Structure
 
14. Company Profile
     14.1. WIKA Instrument, LP
  • Product overview
  • Presence across the Globe
  • SWOT Analysis
  • Key Financials
     14.2. EUROCHILLER S.r.l
     14.3. Toshiba Machine Co., Ltd.
     14.4. HB-Therm GmbH
     14.5. BOFA International Ltd.
     14.6. SINGLE Temperiertechnik GmbH
     14.7. Berg Chilling Systems Inc.
     14.8. Mokon Systems
     14.9. Temptek, Inc.
     14.10. Thermal Care Inc.
     14.11. ACS Group
     14.10. Carel Industries S.p.A.
     14.11. Advantage Engineering, Inc.
 
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Temperature Control Unit Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028