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APAC Chillers Market Growing at a CAGR of 5.4% | Construction Building Activities, and Tourism Sector, Requires More Chillers for Temperature Control

08-24-2021 04:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
APAC Chillers Market

APAC Chillers Market

An increase demand for compact, energy efficient, and small heating, ventilation, and air conditioning systems to control room atmosphere is anticipated to stimulate the growth of the chiller industry. In addition, increase in construction spending in emerging countries such as India, China, Brazil, and others is anticipated to fuel the growth of the chiller market.

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The APAC chillers market size was valued at $5.4 billion in 2019 and is expected to reach $7.4 billion by 2027, growing at a CAGR of 5.4% from 2020 to 2027.

A rise in demand for chillers from various industry verticals such as food and beverages, petrochemicals, rubber, plastic, medical and others, which fuels the growth of APAC chillers market. The rise in government initiatives Make in India, and Eco-Niwas Samhita from India, which in turn, boost the demand for chillers, which drives the growth of the market.

Top 10 Key Market Players

Carrier Global Corporation
Mitsubishi Electric Corporation
Daikin Industries Ltd
Dimplex Thermal Solutions
LG Electronics
Johnson Controls International Plc
Gree Electric Appliances Inc of Zhuhai
Midea Group Co. Ltd
Thermax Ltd
Trane Technologies Plc

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Key Market Segments

By Type

Screw Chiller
Scroll Chiller
Centrifugal Chiller
Others

By End-User

Chemicals and Petrochemicals
Food and Beverages
Medical
Others

By Country

China
India
Japan
Malaysia
Singapore
Vietnam
Indonesia
Thailand
Philippine
Myanmar
South Korea
Taiwan
Rest of Asia-Pacific

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Contact:
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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 domains.

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