Press release
Global Sales Of Chillers Are Predicted To Rise At A CAGR Of 2.8% From 2022 To 2032
Global sales of chillers are predicted to rise at a CAGR of 2.8% from 2022 to 2032. In 2022, the global chillers market stands at a valuation of US$ 4.2 billion and is expected to reach US$ 5.5 billion by the end of 2032.
More consumers nowadays are choosing screw compressors that utilize eco-friendly refrigerants. Along with being user-friendly and low-maintenance systems, screw chillers are operated either as air freezers or water freezers through two interlocked helical rotors that compress the refrigerant.
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Segmentation of Automatic Waste Collection System Industry Research
Chillers Market by Compressor Type :
Screw Chillers
Centrifugal Chillers
Scroll Chillers
Reciprocating Chillers
Absorption Chillers
Chillers Market by Capacity :
700 kW Chillers
Chillers Market by Heat Rejection Method :
Air-cooled Chillers
Water-cooled Chillers
Absorption Chillers
Chillers Market by Refrigerant Type :
R22 Chillers
R407C Chillers
R134A Chillers
R410A Chillers
Others
Chillers Market by End User :
Rubber
Food & Beverages
Plastic
Medical & Pharmaceuticals
Chemicals & Petrochemicals
Others
Chillers Market by Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Competitive Landscape
Chiller manufacturers follow a variety of energy-efficiency standards set by governing bodies. To meet the rising demand for these products, market players are concentrating on obtaining certifications and growing their production capacities.
The pervasiveness of chillers across various end-use applications, coupled with rising advancements in technology, has led to the development of IoT-based chillers.
For instance :
Pro Chiller Systems has developed new IoT-powered chillers that enable data visualizations via a customized dashboard. IoT-powered chillers can facilitate efficient monitoring and control for various industrial applications, making them a trending novelty in the chillers industry.
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The Chillers Market report addresses the below-mentioned queries:
Why are vendors shifting away from traditional methods of manufacturing Chillers Market does?
How the global Chillers Market does looks like in the next five years?
Which end use industry is expected to surpass segment by the end of 2032?
What innovative products are being introduced by the players in the global Chillers Market does?
Which regions are showing the fastest Chillers Market growth?
Key Questions Answered in Report
Which are the most lucrative markets for Chillers Market?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of Chillers Marketplayers?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the Chillers industry?
What are the winning strategies of stakeholders in the market?
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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