In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Buffer Tanks market for 2018-2023.
A buffer tank is a storage tank used on the cold user side of an air-conditioning system. The tank is used as storage to cover peak loads or in situations when a surge in demand exceeds the capacity of the cooling system.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need will increase.
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We tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Over the next five years, Planet Market Reports projects that Buffer Tanks will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Buffer Tanks market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Chilled Water Buffer Tanks CBT
Hot Water Buffer Tanks HBT
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Wessels Tank Co.
Hot Water Products, Inc.
Niles Steel Tank
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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