openPR Logo
Press release

What’s Driving the Chiller Market Growth? | Johnson Controls, Samsung Electronics, United Technologies, Daikin Industries, Ltd., Gree Electric Appliances, Inc. of Zhuhai & Mitsubishi Electric Automation, Inc.

06-27-2019 01:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

What’s Driving the Chiller Market Growth? | Johnson Controls,

Global chiller market is expected to reach $9.5 billion by 2024, citing a CAGR of 4.9% during the forecast period. The market is predominantly driven by a rising number of construction projects coupled with the growing demand for cooling equipment in industrial applications.

Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/chiller-market/report-sample

Smart connected chillers incorporate remote monitoring and cloud-based analysis tools, that enable service providers to gather data from equipment, analyze it and then notify customers of the best time to perform maintenance or make upgrades which reduce unplanned repairing costs and improve the operational efficiency of the chiller. As a result, the popularity of smart connected chillers is increasing in the chiller market around the globe.

Based on the type, the chiller market is segmented into centrifugal, screw, scroll, absorption, and reciprocating, wherein the screw chiller category is projected to witness fastest growth during the forecast period. Sectors such as hospitals, small factories, retail stores, and hotels are registering the adoption of water-cooled screw chillers which are cost effective as well as environment-friendly.

Screw chillers are majorly required for large applications that require cooling with a capacity of above 200 ton. Generally, water cooling is preferred for large cooling applications due to its high heat dissipation ability leading to higher efficiency, faster cooling, and larger tonnage capacity.

The surging requirement of cooling equipment in industrial applications is another factor driving the growth of the chiller market. Primarily chillers are used in industries for controlled cooling of products, and factory machinery in a wide range of industries. Chillers are usually used for pharmaceutical formulation, chemical processing, paper and cement processing, food & beverage processing, X-ray diffraction, power supplies and power generation stations, and welding, among others.

Growing demand for energy efficient cooling systems, including chillers across the globe would create opportunities for inverter-controlled chiller market during the forecast period. Inverter technology in chillers are highly efficient as compared to conventional AC systems.

Read summary of report here :: https://www.psmarketresearch.com/market-analysis/chiller-market

Johnson Controls International PLC, Samsung Electronics Co. Ltd., Ingersoll-Rand plc, United Technologies Corporation, Daikin Industries Ltd., Gree Electric Appliances, Inc. of Zhuhai, Zamil Air Conditioners, Thermax Limited, Mitsubishi Electric Corporation, Petra Engineering Industries Co, S.K.M Air Conditioning LLC, and Danfoss A/S are some the key players in the global chiller market.

Read More Related Reports:

MEA Chiller Market : https://www.psmarketresearch.com/market-analysis/mea-chiller-market

U.A.E. Chiller Market :
https://www.psmarketresearch.com/market-analysis/uae-chiller-market

Saudi Arabia Chiller Market :
https://www.psmarketresearch.com/market-analysis/saudi-arabia-chiller-market

Contact:

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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 What’s Driving the Chiller Market Growth? | Johnson Controls, Samsung Electronics, United Technologies, Daikin Industries, Ltd., Gree Electric Appliances, Inc. of Zhuhai & Mitsubishi Electric Automation, Inc. here

News-ID: 1790169 • Views: 690

More Releases from P&S Intelligence

Rising implementation of chatbots & IVA for healthcare applications are key tren …
The adoption of several automated customer support services has been made possible due to chatbots, IVR, and IVA. The deployment of these tools helps engage the customers and gather relevant information about them, before redirecting the queries to a human agent, which results in improved work efficiency and creation of a personalized experience for the user. The AI-enabled conversational tools help the users in taking better decisions related to the
Growing healthcare industry is offering growth opportunity for the WiGig market …
The major factors aiding in the swift growth of the WiGig market are the rising sale of portable consumer electronics and surging demand for high-speed internet connectivity. From ,078.7 million in 2018, the market is projected to grow to ,386.1 million in 2024, at a 27.9% CAGR during the forecast period (2019-2024). Developed by Wireless Gigabit Alliance, WiGig is a set of 60 GHz connectivity protocols, allowing data transfer at
Anti-Aging Market Witnessing Growth due to Rising Geriatric Population - Lumenis …
In 2017, the global anti-aging market reached a value of $165.2 billion and is predicted to advance at a 7.9% CAGR during the forecast period (2018-2025). The market is growing due to the surge in geriatric population, technological advancements in anti-aging products and devices, increasing volume of anti-aging cosmetic procedures, rising number of anti-aging seminars, conferences, and campaigns, surging disposable income, and expanding medical tourism industry. The prevention, treatment, and
Global Dermatology Drugs Market Share, Size, Trends, Opportunities, Analysis and …
Due to the rise in the geriatric population, growing prevalence of dermatological diseases, increasing awareness about skin problems, soaring spending capability of the people, and huge pipeline of dermatological drugs, the global dermatology drugs market is expected to advance rapidly during the forecast period (2018-2023). The market is predicted to advance at the CAGR of 8.2% during the forecast period, from its recorded value of $21.5 billion in 2017, to

All 5 Releases


More Releases for Chiller

Research Report and Overview on Chillers Market,2018 to 2028(On the basis of Com …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market. In
Chillers Market Expected to Deliver Dynamic Progression until 2028(On the basis …
Fast pace of modern lifestyle has induced significant transitions apropos of eating habits. Consumers are more inclined toward frozen foods, given its convenience in carrying and cooking. That said, efficient freezing activity is essential in order to avoid microbe penetration in food products. This has led to the use of chillers in the frozen food space, which is a key growth propeller for chillers market. In
Water Cooling Chiller Market Size, Share, Development by 2024
New report published by Global Info Research which offers insights on the Global Water Cooling Chiller market. The laminate surface accurately mimics the surface texture of other materials, such as granite, slate and wood, and is realistic. Laminates are very easy to maintain and are the most mainstream kitchen countertops in the European market. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-water-cooling-chiller-market_p105955.html Global Water Cooling Chiller Market: Forecast by Type
Absorption Chiller Market - Industry Analysis and Opportunity Assessment 2018-20 …
Absorption Chiller is a device used to produce chilled water with the help of heat energy instead using an electrical source used in conventional chilling devices. The device primarily finds application across industries having a lot of waste heat or solar energy to produce. Installing an absorption chiller may lead to significant cost savings in big hotels, large corporate offices, big sports stadium and major industries requiring chilled water or
New research details future of Global Industrial Chiller Market 2017
Industrial Chiller Market research report helps to get access to industry data and upcoming trends which will give you avenues to know about the market. This report gives opportunities to go through with industry analysis, share and forecast, Providing brief description about the market size its competitors and product identification. In this report, the global Industrial Chiller market is valued at USD XX million in 2016 and is expected to
Global Chiller Unit Market 2017 : Climaveneta, Mitsubshi, Dunham-bush, Mammoth
Chiller Unit A market study based on the " Chiller Unit Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Chiller Unit Market 2017’. The research report analyses the historical as well as present performance of the worldwide Chiller Unit industry, and makes predictions on the future status of Chiller Unit market on the basis of this analysis. Get Free Sample Copy of Report Here