The global concrete cooling market is expected to increase by USD 638.79 million between 2021 and 2026. The market is set to observe a YOY growth of 20.65% in 2022 and the growth momentum is expected to accelerate at a CAGR of 21.49% during the forecast period.
According to sources, the global concrete cooling market is fragmented because of the presence of several international and domestic vendors. Vendors are competing based on various aspects such as quality, price, service, brand image, distribution, and marketing. Vendors are also focusing on acquiring other small brands to increase their market presence.
Although the cities evolving into megacities, rising infrastructural investments and growing demand from the MEA will offer immense growth opportunities, fewer opportunities for the concrete cooling market in North America and Europe, stringent regulations and depleting fossil fuel reserves, and hazardous impact of cement and carbon dioxide emissions will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.