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Chiller Market is Thriving with Rising Worldwide Demand by 2024 | Key Players: Johnson Controls, Samsung Electronics, United Technologies, Daikin Industries, Ltd., Gree Electric Appliances, Inc. of Zhuhai & Mitsubishi Electric Automation, Inc.

08-29-2019 11:23 AM CET | Media & Telecommunications

Press release from: P&S Intelligence

Chiller Market is Thriving with Rising Worldwide Demand by 2024 |

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.

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.

Request Sample Copy of Report :: http://bit.ly/2HwIqQF

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.

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 :: http://bit.ly/2L32ool

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

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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.

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