openPR Logo
Press release

Technological Boost Observed in Process Chillers Motivates CAGR Growth during Forecast Period | Key Players - Johnson Controls International plc, Blue Star Ltd., Thermonics Corporation , Drake Refrigeration Inc., MTA USA, Cooling Technology Inc., Aqua Coo

05-23-2019 02:35 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Technological Boost Observed in Process Chillers Motivates

According to a recent report by Fact.MR, the process chillers market is poised to register a steady growth during the 2018-2027 period with global sales surpassing 130,000 units in 2019. A combination of multi-pronged factors such as the burgeoning demand for food, energy, medicine and health products, construction material, and chemicals are contributing significantly to the process chillers market growth.

According to the study, end-users continue to show preference for air-cooled chiller systems over water-cooled systems. Easy installation, lower maintenance costs, and enhancements in technology supporting the efficiency of the system are fuelling air cooling chiller system sales.

Get Free Exclusive PDF Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1904

According to the study, manufacturers are continuously working on improving the efficiency of their product offerings. Introduction of variable frequency drives and novel, eco-friendly refrigerants are few of the latest trends in air-cooled chillers category, according to the study. The study opines that the factors will propel air-cooled chiller systems to over 102,000 units in 2019. The study opines that water-cooled chillers sales are also likely to remain steady, on the back of widespread application in a range of industries.

Development of Advanced Compressor Systems to Bolster Market Growth

Highlighting the innovations in the process chillers market, the report opines that production of advanced compressors is aiding in enhancing the efficiency of process chillers. Compressors play a key role in enabling end-users to alter the pressure of the refrigerant to obtain the desired temperature in a room and hence plays a vital role in the determination of the efficiency of process chillers. For instance, Danfoss launched a new compressor named Tubocor which leverages magnetic bearing and variable speed technology to offer efficient cooling while significantly reducing CO2 emissions. Additionally, the company claims the product offers high efficiency, produces lower noise, and reduces the overall operating costs.

For more information on this report, please visit: https://www.factmr.com/report/1904/process-chillers-market

The development of technology supporting performance enhancements in process chiller systems is another pervasive trend expected to bolster market growth. Production of advanced valves, pressure sensors, and heat controllers are some of the key factors influencing market growth. The launch of smart systems to optimize process chiller operations is another key factor driving demand for the cooling systems in industries. For instance, Thermal Care launched a novel central chiller controller technology named Dynamic Lift. The technique at the core of Dynamic Lift adjusts the pressure in the condenser automatically after sensing different parameters such as outside temperature, heat load, and performance metrics of different process chiller components. The company claims the system substantially reduces the energy consumed by process chillers and optimizes its efficiency.

Absorption Chillers to Find Widespread Adoption as Energy Crisis Deepens

Intensifying demand for energy-efficient cooling systems across different industries is prompting process chiller manufacturers to consider boosting the production of absorption chillers. Absorption chillers operate on thermodynamic and chemical principle and utilize water as the refrigerant. Additionally, the heat required for absorption chiller systems to function is derived from various low-cost sources making the chiller systems efficient. The development of 2-step evaporator/absorber cycle and parallel flow design is offering a solution for manufacturers to overcome the conventional drawbacks of absorption chillers.     

The Fact.MR report tracks the process chillers market for the period 2018-2027. According to the report, the process chillers market is projected to grow at 5.1% CAGR through 2027.

Make Enquiry Before Buying the Report @ https://www.factmr.com/checkout/1904/S

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Email: sales@factmr.com

Web: https://www.factmr.com/

Blog: https://factmrblog.com/

Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Technological Boost Observed in Process Chillers Motivates CAGR Growth during Forecast Period | Key Players - Johnson Controls International plc, Blue Star Ltd., Thermonics Corporation , Drake Refrigeration Inc., MTA USA, Cooling Technology Inc., Aqua Coo here

News-ID: 1751042 • Views: 642

More Releases from Fact.MR

Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of

All 5 Releases


More Releases for Chillers

New Edition 2020: Medical Chillers Market Analysis by Top Players Motivair Corpo …
Medical Chillers Market (COVID 19 Impact Analysis) is a deep analysis of the market. This is a latest report, covering the current impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have studied the historical
Global Medical Water Chillers Market Report 2019 Companies included Carrier, Joh …
Market Reports Company has recently published 7th edition of Medical Water Chillers Market Report which covers historic data of year 2013 to 2018 along with a forecast till year 2026. For inquiry or free sample pages email us at: sales@marketreportscompany.com The report provides a comprehensive view on the current state and future prospects of the market which analyzes different strategies for business growth. The global Medical Water Chillers market was valued at
Absorption Chillers Market tumultuous by 2025
Global Absorption Chillers Market: Snapshot Absorption chillers are refrigerators that derive energy from a preexisting heat source. Hence, absorption chillers help reduce the overall consumption of power, helping economize the power efficiency dynamics of a system. The rising awareness about the importance of conserving energy, and the government support to initiatives encouraging energy conservation is thus likely to be a key driver for the global absorption chillers market. The pharmaceuticals industry is
Turbo Chillers Market Predicted Analysis by 2026
Initially CFC (chlorofluorocarbon) and HCFC (Hydrochlorofluorocarbons) were primarily used as a refrigerant for chilling applications leading to destruction of ozone layer. To address problems associated with destruction of ozone layer significant efforts are being made to minimize the use of CFC and HCFC as a future refrigerant. These efforts has led adoption of environmentally friendly refrigerant such as water, air, carbon dioxide, ammonia and propane as refrigerant. Using water as
Medical Water Chillers Market 2017 -Parker, Lytron, Carrier, Filtrine, Ecochille …
Global Medical Water Chillers Market Report 2017 provides detailed analysis of Medical Water Chillers market, enclosing detailed study of Medical Water Chillers market for last few years and forecast up to year 2022. The Medical Water Chillers market report analyses the global Medical Water Chillers market from different angles to understand various factors impacting the global Medical Water Chillers market. The reports enlightens the user with various applications, product type, end
Global Turbo Chillers Market
Turbo Chillers Market Introduction Initially CFC (chlorofluorocarbon) and HCFC (Hydrochlorofluorocarbons) were primarily used as a refrigerant for chilling applications leading to destruction of ozone layer. To address problems associated with destruction of ozone layer significant efforts are being made to minimize the use of CFC and HCFC as a future refrigerant. These efforts has led adoption of environmentally friendly refrigerant such as water, air, carbon dioxide, ammonia and propane as refrigerant.