Milk Tank Cooling System Market expected to drive growth through 2028 made by top research firm
Milk Tank Cooling System Market: Overview
Milk is extensively consumed across the globe for its nutritive benefits. It is transported to milk processing, dairy and food industry in enormous volumes on daily basis for manufacturing various food products and milk by-products. Energy required in milk cooling accounts for almost 30% of the total energy costs of operating a dairy. Therefore, milk tank cooling system is utilized to cool high volumes of milk in order to increase its shelf life. Milk tank cooling system is coated by two layers and a rigid foam material is filled between these two layers in order to enhance the rigidity of milk tank cooling system.
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Approximately, there are over 264 million dairy cows worldwide, which produce nearly 600 million tonnes of milk per year. U.S. stands as largest producer of milk and India is the second country which produces nearly 50,300,000 Tonnes of milk. Therefore huge number of install base of milk tank cooling system is expected to be in use in U.S., India, China and other countries.
Milk Tank Cooling System Market: Dynamics
Rapidly increasing number of milk and dairy products consuming population has increased the transportation activities of milk to a great extent. Therefore, milk tank cooling system helps in increasing the shelf-life of milk and also helps in efficient milk transportation. Moreover, rising demand of milk from end user industries is projected to drive the milk tank cooling system market across the globe.
Outdoor application of milk tank cooling system requires an additional waterproof control unit which adds to the overall cost of the milk tank cooling system.
Prominent manufacturers are investing significant money to enhance the overall efficiency of milk tank cooling system and develop cost effective integral parts for milk tank cooling system such as temperature control management system, spray head, and flow control valve.
Milk Tank Cooling System Market: Segmentation
By operation type, milk tank cooling system market can be segmented as:
- Ice bank tank (IBT)
- Direct expansion (DX) system tank
By install location, milk tank cooling system market can be segmented as:
- Indoor use
- Outdoor use
By Application, milk tank cooling system market can be segmented as:
- Milk tank cooling system for Dairy farm
- Milk tank cooling system for Plant
By capacity, milk tank cooling system market can be segmented as:
- Less than 1,000 Ltrs
- 1,000 to 5,000 Ltrs
- 5,000 to 10,000 Ltrs
- 10,000 to 15,000 Ltrs
- 15,000 to 20,000 Ltrs
- 20,000 Ltrs to 30,000 Ltrs
- More than 30,000 Ltrs
Milk Tank Cooling System Market: Regional Outlook
Asia pacific and Europe are considered as the prominent milk producing regions across the globe. In Europe, Italy, Germany, France, Spain are the major importer of fresh milk. Therefore, these region are expected to dominate in the milk tank cooling system market owing to huge requirement to milk cooling. In, North America, U.S. is projected to grow with moderate growth rate in the milk tank cooling system market over the forecast period. Middle East & Africa region is anticipated to grow with significant growth rate owing to warm climate condition and which requires an efficient milk tank cooling system for storing or transporting purpose. Africa and Oceania is expected to account 8% of the total milk produced in across the region. Thereby, Oceania is anticipated to hold minor share in the milk tank cooling system market.
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Milk Tank Cooling System Market: Key Participant
Some of the market participants in the Milk Tank Cooling System market identified across the value chain:
- Danfoss A/S
- GEA Group AG
- Packo Cooling
- Serap Group