Press release
APAC Chiller Market Regional Revenue, Trends, Opportunities and Future Prospects For Major Players: Johnson Controls, Ingersoll Rand, United Technologies, Daikin Industries, Ltd. & Smardt Inc
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Based on chiller type, the market is segmented into centrifugal, screw, scroll, absorption, and reciprocating; wherein absorption category is further segmented into steam, hot water and direct fired. Of these categories steam chillers are increasingly being utilized in the manufacturing industries which produces waste heat.
On the basis of end-user type, the market is segmented into commercial, industrial and residential; wherein commercial end-user is further split into commercial offices/buildings, hospitality, supermarkets/hypermarkets, government, transportation, and healthcare.
China and Japan accounts for large number of transportation facilities (including airports and railways). As of 2018, China had 234 civil airports, while Japan and India recorded 97 and 126 airports, respectively. Moreover, in 2017, China built over 439 mi of metro lines.
APAC hotel construction pipeline stood at 4,590 hotels with 915,469 rooms. The rising number of hotels can be attributed to growing tourism in countries such as India, China, Japan, Thailand, Vietnam, and Indonesia, which is further augmenting the demand for chillers in the hospitality sector.
Due to growing population, APAC is one of the fastest growing food and beverage industries worldwide. In APAC, China and India’s consumer markets are constantly evolving in terms of food and beverage industry. For instance, food and beverage industry in India is expected to increase from $369 billion in 2017 to around $1.5 trillion by 2025.
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Some of the major players in the Asia-Pacific chiller market includes Johnson Controls International PLC, Ingersoll-Rand plc, United Technologies Corporation, Daikin Industries Ltd., Mitsubishi Electric Corporation, Smardt Chiller Group Inc., Multistack LLC, Thermax Limited, Thermal Care Inc., and Midea Group Co. Ltd.
Asia-Pacific Chiller Market Segmentation
Market Segmentation by Chiller Type
• Screw
o Water-Cooled
o Air-Cooled
• Scroll
o Water-Cooled
o Air-Cooled
• Absorption
o Steam
o Hot Water
o Direct-Fired
• Centrifugal
• Reciprocating
o Water-Cooled
o Air-Cooled
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