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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
APAC Chillers 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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