ABB, Johnson Controls, and Xylem Dominated the Vietnam District Cooling Market in 2021

 

Vietnam District Cooling Market is expected to grow with a CAGR of 5.6% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Vietnam district cooling is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to a favourable market scenario.

The major players dealing in Vietnam district cooling market are introducing a strong range of service portfolios. This helps companies to maximize sales with an enhanced product portfolio.

For instance,

  • In January 2022, Xylem announced a partnership with Isle Utilities to help water utility pilot and scale innovative water technology. Thus through this partnership, the company will be able to innovate new technology for water treatment in the world

ABB is the dominating player in the Vietnam district cooling market. Some of the major players operating in the Vietnam district cooling market are Keppel Corporation Limited, SHINRYO CORPORATION, SNC-Lavalin Group, ALFA LAVAL, SAMSON AKTIENGESELLSCHAFT, DAIKIN INDUSTRIES, Ltd., Xylem, Johnson Controls, and AVK International A/S, among others.

ABB

ABB was founded in 1988 and is headquartered in Zurich, Switzerland. The company is a provider of software for its electrification, robotics, automation, and motion portfolio. Their business segment includes electrification, motion, process automation, robotics & discrete automation, corporate and others, where electrification is the market-focused business segment. Their product categories include control systems, operations management software, power electronics, safety, turbocharging, and UPS and power conditioning. Their market-focused product category is power electronics. Their subsidiaries are ABB S.A., Buenos Aires (Argentina), ABB Australia Pty Limited, Moorebank (Australia), ABB Group Holdings Pty. Ltd., Moorebank (Australia), ABB Group Investment Management Pty. Ltd., Moorebank (Australia), among others.

For instance,

  • In December 2021, ABB announced that they are installing a new production plant in Canada. It is USD 16 million investment in Canada. As a result of this investment, the company will be able to create new technology for its products and get new customers in Canada

The company has a wide global presence across the globe, such as North America, South America, Europe, the Middle East and Africa, and Asia-Pacific.  

Johnson Controls

Johnson Controls was founded in 1885 and headquartered in Munster, Ireland. The company is a provider of safety and comfort equipment for various applications. Their business segment includes products and systems, and services, which are also the market-focused segment. Their product categories include HVAC equipment, building automation and controls, security, fire detection, fire suppression, digital solutions, industrial refrigeration, residential and smart home, retail solutions, distributed energy storage, and oil and gas products, where industrial refrigeration is the market focused product category. Their subsidiaries are SimplexGrinnel (U.S.), Johnson Controls Battery Group, Inc (U.S.), VARTA (Germany), Recaro (Germany), Tyco Integrated Security(U.S), among others.

For instance,

  • In March 2021, Johnson Controls announced that they collaborated with more than 125 school districts in Canada in 2021 to address deferred maintenance through future-ready infrastructure improvements

The company has a wide global presence across the globe, such as North America, South America, Europe, Middle East and Africa, and Asia-Pacific.  

XYLEM

The company was founded in 2011 with is headquartered in New York, U.S. The company manufacture and services highly engineered products and solutions to customers. Their business segment includes water infrastructure, applied water, measurement & control solutions, where water infrastructure is the market-focused business segment. Their product categories include agriculture & irrigation, boats & recreational vehicles (RVs), commercial buildings, commercial pools & water parks, commercial shipping & shipbuilding, communication networks, construction, energy & power, environmental monitoring & analysis, food & beverage, general industry, life sciences, pharma & biopharma, mining & quarrying/aggregates, municipal water & wastewater, residential, smart infrastructure, smart utility networks, Xylem Vue digital solutions, where commercial buildings is the market focused category. Their subsidiaries are Xylem Water Solutions Mexico S.de R.L. de C.V.(Mexico), Xylem Water Solutions Middle East Region FZCO(U.A.E.), Xylem Water Solutions Muscat Co. LLC (Oman), Xylem Water Solutions Polska Sp.z.o.o (Poland), among others.

For instance

  • In December 2021, Xylem announced a partnership with UNESCO to sponsor a virtual conference on water, megacities, and global change. As a result of this new agreement, the company will be able to work with megacities on water and climate issues

The company has a global presence in Europe, North America, South America, Asia-Pacific, Middle East and Africa.