Chilled water storage system is a type of thermal energy storage technique, which is used to store water at temperatures ranging from 4°C to 6°C. The system is made of concrete and steel. Their sizes of storage range from 1 ton to several 100 tons and are generally used for commercial and industrial or residential purpose.
Less annual energy consumption and operational cost along with low initial investment cost have resulted in a high demand for chilled water storage system from many end-use industries, such as petrochemical, oil & gas, pharmaceutical, and food & beverages, thereby driving the growth of chilled water storage system market. Further, growing necessity from the end-use industries for maintaining the heat density of various chemicals is another major factor fueling the growth of chilled water storage systems market currently. However, high electricity consumption by cooling systems, resulting in high electricity costs is one of the major factor restraining the growth of the chilled water storage system market.
Chilled Water Storage System Market Taxonomy:
On the basis of tank type, the Chilled Water Storage System market is segmented into:
On the basis of application, the Chilled Water Storage System market is segmented into:
On the basis of end use industry, the Chilled Water Storage System market is segmented into:
Chilled Water Storage System Market Outlook:
Key players in the Chilled Water Storage System Market:
Some of the major player operating in the in the chilled water storage system market include Cool Water Technologies, Cooling Tower Systems, Inc., Delta Cooling Towers, Inc., Johnson Controls, Berg Chilling Systems Inc., King Sun Industry Co. Ltd., and Wessels Company among others.
Chilled Water Storage Market Key Developments:
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