What is Milk Tank Cooling System?
Milk Tank Cooling System is basically massive stainless steel container fitted with refrigeration systems to cool the bulk milk stored inside the container. There are primarily two types of such systems which are Direct Expansion System Tank and Ice Bank Tank. This milk tank cooling systems become a necessity with ever growing dairy and related industry. Although drop in dairy production in New Zeeland, China, Brazil and few other countries may hamper the demand of this tank cooling systems. But overall the market of milk cooling tank systems is expected to grow steadily, with key market expected to be Asia Pacific.
The market study is broken down by Type (Direct Expansion System Tank and Ice Bank Tank) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mutares SE & Co. KGaA (Germany), Paul Mueller Company, Inc. (United States), Packo Cooling (Belgium), Danfoss (Denmark), DeLaval (Sweden), Dairymaster (Ireland), Boumatic Llc (United States), Serap Group (France), RØ-KA Industri A/S (Denmark) and Fabdec Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Wenzhou Lihong Light Industry Machinery Co., Ltd. (China), Excel Plants & Equipment Private Limited (India) and Ved Engineering (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Milk Tank Cooling System market by Type, Application and Region.
On the basis of geography, the market of Milk Tank Cooling System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use , the sub-segment i.e. Milk Farm will boost the Milk Tank Cooling System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Milk Tank Cooling System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tank Volume (Litter), the sub-segment i.e. 1000-2000 will boost the Milk Tank Cooling System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. Open milk tank will boost the Milk Tank Cooling System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Mutares SE & Co. KGaA, Germany based holding company which helps in facilitating of restructuring of medium side firms has announced acquisition of GEA Farm Technologies Japy SAS. The France based GEA is known to be one of the market leader in milk cooling tanks manufacturing. The acquisition will enable GEA to accelerate its adoption and development of automated and digital solutions in milk cooling and processing.
In 2020, Paul Mueller Company, Inc., US based stainless steel processing equipment manufacturing has announced signing of agreement to sell its subsidiary Mueller Field Operations, Inc. to Mueller Field Operation’s management. The deal may allow Paul Mueller Company to focus more on its core business of fabricating steel equipment.
Market Trend
- Demand for Organic Milk is Increasing
Market Drivers
- Increasing Demand for Dairy, and Dairy based Processed Food
- Large Network of Cooperative Dairies
Opportunities
- Africa Presents Exciting Opportunity because of Lack of Dairy Infrastructure in the Region
Restraints
- Emergence of Milk Powders which Offer Longer Shelf Life without Refrigeration
Challenges
- Presence of Local and Global Players, Creating a Stiff Competition
Key Target Audience
Milk Tank Cooling System Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.