Milk Tank Cooling Systems Will Reach Revenues In Excess Of US$ 820 Mn By The End Of 2029

 Milk cooling tanks of 1000 – 5000 Lt are witnessing high demand as compared to other capacity ranges, and will continue to account for 1/3rd of the revenue share. As the global dairy industry is split into commercial and private enterprises that range in size, market players are focusing on increasing production of milk cooling tanks of less than 1000 Lt to capitalize on small farms.

Given consideration to growing reliance of large-scale commercial dairy farms on highly efficient cooling of milk in tanks integrated with modern technologies, manufacturers are investing in product innovation.

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Competition Overview

The global milk tank cooling system market is highly competitive, with the presence of large number of small- and medium-sized players actively operating in the global market. Danfoss, GEA Group AG, Paul Mueller, Denso, and Packo Cooling are identified as prominent players in the global milk tank cooling system market. Adoption of automated milk tank cooling systems and association of local milk farms with dairy co-operatives are key growth strategies adopted by market participants.

Strong global focus on sustainability and energy-efficiency is resulting in tectonic shifts across industries. With numerous regulations in place requiring the phase down of HFC refrigerants, key players in the milk tank cooling system market are gradually shifting towards low GWP (global warming potential) refrigerants. These manufacturers are further leveraging modern technologies to provide energy efficient, sustainable, and smart components of milk tank cooling systems that not only meet labor shortage challenges but also bring milk cooling costs down. Emergence of smart sensors to monitor the milk cooling system and provide real-time information about the status of the tank to farmers will remain instrumental to market growth.

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In current scenario, demand for milk tank cooling system is gaining a boost from exponential rise in production of milk – to sustain needs of growing populace – which requires to be cooled before and after processing to prevent from contamination. Adoption of these systems in milk farms or raw milk collection points will continue to grow on a significant pace, contributing around 87% of the total market share.

Increasing scope of application in milk transportation, as collection points are often located in remote areas, is working in favor of market players. However, adoption in milk processing plants will remain relatively low, thereby resulting in declining market share.

In the first wave, Europe remains in the vanguard with 37% revenue share, owing to strong presence of market players and growing government investments in dairy industry to reconcile the needs for farmers and consumers demand for high-quality yet affordable products. However, high growth opportunities are expected in South Asia with emergence of developing countries, especially India, as the world’s leading milk producer. Favorable milk collection schemes in the region, allowing regular flow of cash and income from both urban and rural areas, along with relatively low operating and labors costs are attracting key players to establish their manufacturing plants in South Asia.

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By Segment:

The global Milk Tank Cooling System market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Application

Milk Farm Milk Processing Plants

Configuration

Closed End Horizontal Vertical Open End

Capacity

Less than 1000 Lt 1000 – 5000 Lt 5000 – 10000 Lt More than 10000 Lt

Region

North America Latin America Europe South Asia East Asia Oceania Middle East & Africa

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