Global Industrial Temperature Control Services Market 2017-2021

Overview of the global industrial temperature control services market

Research analysis on the global industrial temperature control services market identifies that the increasing life span and operational efficiency of temperature control systems will be one of the major factors that will have a positive impact on the growth of the market. Industries are increasingly concentrating on lowering the total operational expenses. Keeping track of the appropriate schedule for maintenance services of temperature controller systems such as chillers, HVAC, air handling units, air conditioners, cooling towers, fluid pumps, and heat exchangers will assist in lowering the repair and replacement costs and raise the lifespan of these systems. The temperature control systems are in control for maintaining the life of the instruments. Services of such systems will increase their operational efficiency and reduce the accumulation of pollutants in the systems. Regular and timely temperature control services can help industries grow with minimal maintenance expenses and drive the demand for industrial temperature control services in the global market. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.

In terms of geographic regions, the Americas will be the major contributor of the industrial temperature control services market throughout the forecast period. The expansion of automotive industry and growing production of shale oil and gas in the US and Canada will drive the growth of this market in the region.

Competitive landscape and key vendors  

The industrial temperature control services market consists of many established vendors. The vendors follow the market trend and are concentrating more on providing customized services. To retain their market share, vendors are focusing on the increasing their service offerings and provide personalized solutions based on the user requirements with value-added services.

The leading vendors in the market are –

• Aggreko
• Schneider Electric
• Thermo Fischer Scientific
• Yokogawa

The other prominent vendors in the market are Temperature Control Service, LBT Testing & Calibration, UNION Instruments, Independent Temperature Control Services, JULABO, and Rental Solutions & Services.

Segmentation by service type and analysis of the industrial temperature control services market

• Calibration, repair, and maintenance services
• Installation services
• Consultation services

During 2016, the calibration, repair, and maintenance services segment accounted for the major shares of the industrial temperature control services market. Factors such as the availabilty of extensive range of temperature calibration services and regulatory norms imposed on the industries will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the industrial temperature control services market

• Process industries
• Discrete industries

Accordong to this market research report, the process industries will accoun5 for the maximum shares of the industrial temperature control services market until 2021. The increasing demand for maintaining the precision of instruments needed for controlling the temperature of equipment in the process industries such as oil and gas, power, and petrochemical will drive the need for industrial temperature control services.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial temperature control services market?
• What are the key market trends impacting the growth of the global industrial temperature control services market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial temperature control services market?
• What are the market opportunities and threats faced by the vendors in the global industrial temperature control services market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial temperature control services market?

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