Chiller Market Analysis, Key Player, Driver, Trends and Forecast Research Report to 2022

Chiller Market Report, published by Allied Market Research, forecasts that the global market was valued at $8,784 million in 2015 and is expected to reach $11,542 million by 2022. The scroll chiller segment accounted for around 60% of the total chiller market size in 2015.

By type, the absorption chiller segment is expected to register the highest CAGR of 6.0% from 2016 to 2022, on account of generating lower noise which has seen its increased adoption in noise sensitive areas such as hospitals, schools, and office building. However, the scroll chiller segment is expected to continue its dominance in the overall market, as it consumes less electricity, is environmentally friendly, and requires less maintenance.

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By end user, the plastics segment generated more than a quarter of the total revenue in 2017, due to a high demand of chillers from plastic industry to reduce heat produced by factory equipment such as molding machines, gearbox, and others. However, the chemicals and petrochemicals segment is expected to portray the fastest CAGR of 5.4% during the forecast period.

Key offerings of the report:
o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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The global chiller market growth is driven by factors such as increased consumption of frozen foods, and high demand for energy-efficient cooling solutions across industries such as plastic, rubber, & chemical. Technological advancements provide growth opportunities to the market players. However, high electricity cost is one of the major challenges for the market growth.

The key players analyzed in the report include Thermal Care Inc., Temptek Inc., Broad Air Conditioning Co. Ltd., Robur Group, Kawasaki Thermal Eng. Co. Ltd., BV Thermal Systems, Advantage Engineering Inc., Hyundai Climate Control Co., Ltd., and Yazaki Corporation. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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