Press release
Chillers Market Research by Type (Screw Chiller, Scroll Chiller), Power Range, Growth Analysis, Sizing of Global Market, Restraints | Forecast from 2022 to 2029
Based on previous market performance, the Chillers market is expected to reach USD 4.34 billion in size by 2029. With a 3% CAGR.Chillers Market Overview:
A chiller is a machine that uses vapor-compression, adsorption refrigeration, or absorption refrigeration to remove heat from a liquid coolant. After that, the liquid might be routed through a heat exchanger to cool equipment or another process stream (such as air or process water).
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The market is growing due to increased demand for chillers from various industry verticals such as food & drinks, petrochemicals, rubber, plastic, medical, and others. The global chillers market is expected to develop due to the expansion of the aviation industry and the construction of new commercial buildings.
Based on our expert's analysis the players that are leading the market includes: Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Polyscience Inc., Smardt Chiller Group Inc., Thermax LTD., Trane Technologies Plc and Others.
The whole market is segmented as follows:
Global Chiller Market by Type, 2020-2029, (USD Million) (Thousand Units)
Screw Chiller
Scroll Chiller
Centrifugal Chiller
Others
Global Chiller Market by Product Type, 2020-2029, (USD Million) (Thousand Units)
Air Cooled Chiller
Water Cooled Chiller
Global Chiller Market by Power Range, 2020-2029, (USD Million) (Thousand Units)
Less Than 50 Kw
50-200 Kw
More Than 200 Kw
Global Chiller Market by End User, 2020-2029, (USD Million) (Thousand Units)
Chemicals & Petrochemicals
Food & Beverages
Medical
Others
Industry Developments
In November 2019 - Synchrony has been acquired by Johnson Controls. Synchrony is a company that creates Active Magnetic Bearing (AMB) technology for centrifugal chillers. This acquisition will improve the performance and efficiency of the company's products.
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Chillers Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Chillers Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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