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Global Chillers Market 2022 - Top Manufacturers, Latest Trends, Size, Share, Future Prospects and Forecast 2026
Chillers Market
The regions covered in the chillers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest chillers market share.
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The chillers market consists of sales of chiller equipment and related services by entities (organizations, sole traders, and partnerships) that are used for controlled cooling. Chillers are defined as refrigeration system that is used to lower the temperatures of process fluids, machinery, and others by removing heat from them and transferring it to other spaces. Chillers are mainly essential for regulating and maintaining the temperatures in various industries.
Key competitors in the chillers market include Carrier Corporation, Daikin Industries, Trane Technologies Plc., Hitachi Air Conditioning Company, Johnson Controls International PLC, Thermax Limited, Smardt Chiller Group Inc., Mitsubishi Electric Corporation, Midea, LG Electronics Inc., Reynold India Pvt. Ltd., Dimplex Thermal Solutions, Dunham Group, Frigel Firenze SpA, Friulair S.R.L, HYDAC International, Thermal Care Inc., SKM Air Conditioning, MTA S.P.A, and KKT Chillers.
The global chillers market size is expected to grow from $8.15 billion in 2021 to $8.46 billion in 2022 at a compound annual growth rate (CAGR) of 3.81%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global chiller market size is expected to reach $10.21 billion in 2026 at a CAGR of 4.80%.
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TBRC's report segments the global chillers market:
1) By Product Type: Air Cooled Chiller, Water Cooled Chiller
2) By Power Range: Less than 50 kW, 50-200 kW, More than 200 kW
3) By Compressor Type: Screw Chillers, Centrifugal Chillers, Absorption Chillers, Reciprocating Chillers
4) By End-User: Commercial, Industrial, Residential
Read Further On The Chillers Market Here:
https://www.thebusinessresearchcompany.com/report/chillers-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Chillers Market Characteristics
3. Chillers Market Trends And Strategies
4. Impact Of COVID-19 On Chillers
5. Chillers Market Size And Growth
.....
27. Chillers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chillers Market
29. Chillers Market Future Outlook and Potential Analysis
30. Appendix
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