HVAC Chillers Market Analysis (COVID-19 Analysis) - Industry Insights, Drivers, Top Trends, Global Analysis, Forecast and Opportunities to 2028

According to our latest market study on "HVAC Chillers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Technology, Type, and Application," the market is expected to grow from US$ 9,425.53 million in 2021 to US$ 12,878.92 million by 2028; it is estimated to grow at a CAGR of 4.56% from 2021 to 2028.

The global HVAC chillers market is segmented into five major regions-North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. In 2020, North America led the market with a substantial revenue share, followed by Asia Pacific and Europe. HVAC chillers play a crucial role in maintaining the required temperature of any space, machinery, or equipment. The chillers remove the heat and transfer it somewhere else. They can be utilized in numerous residential spaces, such as small to large size rooms, garages, basements, and crawlspaces. Popularity of HVAC chillers is increasing owing to their various advantages such as portability, convenience, and quick and easy maintenance. Moreover, the adoption of HVAC chillers is rising in restaurants, hotels, kitchens, and dining rooms to handle the concerns regarding temperature levels. Other industry verticals where these chillers are used are rubber, petrochemicals, medical, plastic, commercial office buildings, and sports venues. Chillers from Arctic Chiller Group, Ltd. are installed in high-end residential complexes across North America, and they serve as the primary air-conditioning systems. The Arctic Chiller Group also serves skating facilities across the US and Canada, through direct ice freezing, ice rink cooling, and chiller maintenance. Growing aviation sector and increasing count of new commercial construction buildings drive the demand for respective chillers. According to Invest India, India's food processing industry is one of the largest across the globe and its output is predicted to reach $535 billion by 2025-2026. Thus, the demand for chillers is also expected to increase in India during the forecast period. Screw Chillers are vapor compressor chillers that make use of a screw compressor for transporting the coolant through the system.

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HVAC Chillers Market - Company Profiles

LG Electronics
Mitsubishi Electric Corporation
Carrier Global Corporation
DAIKIN INDUSTRIES, Ltd.
Thermal Care, Inc.
Trane
Kaltra
SKM Air Conditioning
Johnson Controls, Inc.
AIREDALE INTERNATIONAL AIR CONDITIONING LTD.

The latest research report on the "HVAC Chillers Market - Industry Analysis, Market Size, Opportunities and Forecast, 2022 - 2028" provides a comprehensive assessment of the HVAC Chillers market for the forecast period from 2022 to 2028. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the HVAC Chillers market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the HVAC Chillers Market in order to help decision makers with various strategic insights and future outlook. The HVAC Chillers market is expected to witness continued growth during the forecast period from 2022 to 2028.

This is a professional and in-depth study on the current state of the HVAC Chillers Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. HVAC Chillers Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'HVAC Chillers Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

The report segments the global HVAC Chillers Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global HVAC Chillers Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The global HVAC chillers market is segmented on the basis of technology, type, application, and geography. The market, based on technology, is segmented into air-cooled, water- cooled, and steam-fired. By type, the market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, and absorption chillers. The market, based on application, is segmented into commercial, industrial, and residential. By geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (China, India, South Korea, Japan, Australia, and the Rest of APAC), Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).

The report focuses on global major leading HVAC Chillers Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

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Reasons to Buy
• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global HVAC Chillers market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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