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Industrial Temperature Control Services - Market Drivers and Growth Prospects | Technavio
[October 19, 2017]

Industrial Temperature Control Services - Market Drivers and Growth Prospects | Technavio


Technavio market research analysts forecast the global industrial temperature control services market to grow at a CAGR of more than 6% during the forecast period, according to their latest report.

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Technavio has published a new report on the global industrial temperature control services market fr ...

Technavio has published a new report on the global industrial temperature control services market from 2017-2021. (Graphic: Business Wire)

The report further segments the global industrial temperature control services market by service type (calibration, installation services, repair, and maintenance services, and consultation services), by end-user (process industries and discrete industries), and by geography (the Americas, APAC, and EMEA).

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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global industrial temperature control services market:

  • Increases the life span and operational efficiency of temperature control systems
  • Increasing awareness for the quality management in industries
  • Unwanted expenses can be avoided by ensuring scheduled maintenance

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Increases the life span and operational efficiency of temperature control systems


Industries are focusing on reducing overall operational expenses, hence, a major part of the fixed budget is devoted to maintenance services of the systems installed in industries. Maintaining a proper schedule of maintenance services of temperature control systems such as chillers, air conditioners, cooling towers, HVAC, air handling units, fluid pumps, and heat exchangers will help in minimizing repair and replacement expenses and increase the lifespan of the systems. The temperature control systems are responsible for maintaining the life of the instruments. Thus, the malfunction of an instrument can cause disturbance to the entire process of the industry.

According to Sushmit Chakraborty, a lead analyst at Technavio for automation research, "Regular servicing of industrial temperature control systems will increase the operational efficiency and reduce the accumulation of pollutants in the ducts. Timely temperature control services will assist industries in securing their investments made in temperature control devices and enhance the lifecycle of such systems."

Increasing awareness for the quality management in industries

The adoption of various instrumentation services for maintaining the good health of the instruments across many industries will boost the demand for industrial temperature control services. The maintenance and repair services act as a mode of internal auditing and quality improvement of tools. International quality standards of ISO and Six Sigma are needed to be followed by all the manufacturing industries included in the end-user segments.

"The growing demand for calibration services and consultation services for the new projects will have a positive impact on the growth of this industry. At present, total quality management (TQM) has become an integrative management philosophy in the industries which mainly improves the quality of the products and the processes to attain the satisfaction of the customers.," says Sushmit.

Unwanted expenses can be avoided by ensuring scheduled maintenance

Maintenance cost has always been considered as one of the components of the fixed costs incurred in any industry. It cannot be neglected, as it keeps the working place, its assets, equipment, workers, and the facility functioning efficiently and safely. Maintenance services can be classified based on their application into two types. First is regular services that keep the equipment functioning safely and efficiently, and the other is corrective services that are carried out generally when something goes wrong. However, the latter results in downtime, which generates a loss in industrial operations. To avoid such instances, industries tend to overlook the equipment health, leading to serious implications in terms of machine failure or accidents.

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