SAN ANTONIO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Verify Markets’ analysis of the North American Temporary Cooling Market shows that the market is valued in excess of $600 million and is poised to grow considerably over the forecast period. Cooling equipment (air conditioners, cooling towers, chillers, etc.) has 2 major applications: comfort cooling and process cooling.
The market is dominated by chillers, followed by air conditioners and cooling towers. Chillers between 100-400 tons in size show the highest utilization rates with a growing demand for air-cooled chillers. Air-cooled units dominate the market as end customers are less process-efficiency oriented. The temporary cooling market is less price sensitive then other forms of equipment rental, as there is often a mission-critical component to cooling equipment. Though there is seasonality associated with comfort cooling, process cooling solutions for the industrial and refining markets pose an attractive proposition to equipment rental companies since the opportunity is less impacted by the seasonal nature of temperature control.
The major driving forces in this marketplace are rising weather temperatures, emergencies and unplanned outages, and increasing cooling requirements of datacenters. A growing amount of consolidation is heavily impacting the industry with companies like United Rentals, Sunbelt Rentals, and more recently, Resolute Industrial, expanding their footprint through acquisitions.
Key market participants include: Sunbelt Rentals, Aggreko PLC, Trane Rental Services, United Rentals Inc., Carrier Rentals, Resolute Industrial, the Caterpillar Dealership Network and other regional companies.
The North American Temporary Cooling Market report provides an overview of the temporary cooling equipment rental market in North America (United States & Canada) and has focused on air conditioners, cooling towers, chillers, spot coolers, and air handling units (AHUs), equipment ranging from below 25 tons to larger chillers over 400 tons in size. The report captures the growth drivers, restraints, trends, market landscape, supplier landscape, and provides strategic recommendations. The study segments the market by equipment type, application, end user and tonnage.
A copy of the North American Temporary Cooling Market report can be obtained at www.verifymarkets.com. For more information, you can reach out to us at info@verifymarkets.com. For more updates, follow us on twitter @verify_markets. This report is part of Verify Markets’ Power & Machinery market research and consulting practice. Other rental market reports include:
- North American Temporary Heating Market
- North American Air Compressor Rental Market
- North American Electrical Distribution Equipment Rental Market
- North American Power Rental Market
- Latin American Power Rental Market
- European Power Rental Market
Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call 210.595.6987.
Contact: Haley Rico
Phone: 210-595-9687
Email: haley@verifymarkets.com