Milk is a rich source of and vital nutrients. Milk is produced in large volume all over the world and India is the leading producer of milk globally. The problem with large volumes of milk production is that raw milk can be stored for a maximum of only one week. Effective and efficient cooling is required for storage of milk as it can get spoilt if temperature is not controlled properly. Milk tank cooling systems are of two types - direct expansion milk cooling tank systems and ice bank milk cooling tank systems. Milk tank cooling systems are required to increase the shelf-life of milk and help in its safe transportation.
COVID-19 scenario analysis:
- COVID-19 pandemic has shut-down the production of various products in the global milk tank cooling system industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of global milk tank cooling system market significantly from last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
At a global level a massive amount of milk is stored and transported in milk tank cooling systems every day. As population increases around the world, the volume of milk produced and handled daily is also projected to increase. The manufacturers of milk tank cooling systems are trying to build cooling systems depending on the temperature conditions at the locations of their end use.
The global milk tank cooling system market trends are as follows:
Surge in milk production volume globally:
In current scenario, demand for milk tank cooling system is gaining a boost from exponential rise in production of milk. As population increases around the world, production volume is also being increased to sustain needs of the growing population. This requires the milk to be cooled before and after processing to prevent contamination. Adoption of these systems in milk farms or raw milk collection points is increasing all over the world. Increasing scope of application of these cooling systems is in milk transportation, as collection points are often located in remote areas. Increasing export volume of milk should further aid in the growth of milk tank cooling systems. The last mile problem in milk transportation is a very crucial factor in the growth of milk tank cooling system market.
Synergy of Modern Technologies and Low GWP Refrigerants - Key Growth Influencer
Food safety regulations pertaining to the use of refrigerants for storage and transportation of milk are causing manufacturers to look for solutions that would not only abide to these regulations but also provide efficient milk tank cooling systems. With the phasing out of HFC refrigerants, key players in the milk tank cooling system market are gradually shifting toward low global warming potential refrigerants. These manufacturers are further using 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. Smart sensors are also being used to monitor the milk cooling system and provide real-time information about the status of the tank.
Key benefits of the report:
- This study presents the analytical depiction of the global milk tank cooling system market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global milk tank cooling system market share.
- The current market is quantitatively analyzed to highlight the global milk tank cooling system market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global milk tank cooling system market analysis based on competitive intensity and how the competition will take shape in coming years.
Milk Tank Cooling System Market Report Highlights
| Aspects | Details |
 By Type |
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 By Configuration |
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 By Cleaning |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | Milkplan, Mueller, Boumatic, Serap Group, Fabdec, RO-KA, GEA Group AG, DeLaval, Packo Cooling, Fic Spa, Wedholms AB, Dairymaster |
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